• helenslunch@feddit.nl
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    2 months ago

    Define “worked” in this context.

    You can still exchange funds as normal because no necessary components or intermediaries were affected by the outage. Only conventional banking systems.

        • just_another_person@lemmy.world
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          2 months ago

          Because you can’t just go and buy real world goods at will as with cash. If there’s ever a Carrington Event, your Monero is worthless in an emergency.

          • helenslunch@feddit.nl
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            2 months ago

            You can use it for all the same things you can at any other time, as I said. Still not sure what your point is.

              • shortwavesurfer@lemmy.zip
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                2 months ago

                Paper wallets. It is definitely false that crypto requires the internet, because it does not. It’s more helpful if it has the internet, for sure, but it’s not an absolute hard requirement.

                • just_another_person@lemmy.world
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                  2 months ago

                  Ha. Okay. How do you expect ledgers to get updated then? You’re aware that a blockchain can’t function without multiple distributed peers, right? That means power, and the Internet.

                  • shortwavesurfer@lemmy.zip
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                    2 months ago

                    One internet connected computer could make many paper wallets of whatever denomination they wished and then use those as currency. As long as it’s provable that the paper has not been spent which a hologram or one of those gift card scratch off things would help with. Anyone who receives such a paper that has not been tampered with can be assured that the money that it claims to have is actually there and can take it to any internet connected computer in the world and transfer it to their own digital wallet from the paper wallet. Or they could broadcast the transaction over any kind of transmission medium up to and including amateur radio over HF.

                    Edit: Unless I’m doing my math wrong, which I totally could be, it would take about a minute and a half to broadcast a current Monero transaction over HF amateur radio with a possible maximum of 6 minutes if full chain membership transactions are 10kb (which i have heard as an upper limit)