← Back to context

Comment by red-iron-pine

2 months ago

then we continue to use physical cash. a $10 bill still works when the power goes out

I did find myself without barely any cash during Spain's blackout and that made it really stressful. It made me value physical currency a lot more.

Now I wish digital payments didn't require a server/ledger connection at all, but I understand that would risk double-spend attacks unless all the computation could be fully trusted, which we can't even guarantee for existing card payments.

  • Holding a small amount of cash is even promoted as part of a "survival package" here in The Netherlands. (Next to water, canned food etc.)