hAyyoUinAU said:
My concern is if it becomes a cashless world, what happens when the computers crash??
How do we do our transactions?? Or what if the data gets lost, wiped...gone???
Guess that is why we have precious metals for backup maybe.
I like having a mix of both, you should never keep all your eggs in one basket they say.
"normal" old fashioned nuclear weapons create a thing called EMP or HEMP which kills all electronic devices , mobile phones , computers , internet , electricity grid , solar panels , UHF radios , modern vehicle ECU's within a few hundred kilometers.
There are rumoured to also be newer technology weapons which specifically target electronics devices with a greater range and intensity.
If Ru , CN , Kor or US get silly and start a nuke war resulting in 80 % of civilian electronics being destroyed , tell me about how this cashless society works ?
tell me about the value of your cryptocurrency you stored on that USB stick smoking away on the floor ?
tell me even about how banks are going to come online and tell you what your current bank balance is ?
tell me what you will use to buy a horse for riding to work until the new ECU arrives for your car ...the part thats on a 2 year waiting list from japan.
I wonder if anyone in govt has prepared a study on wtf to do to respond to such a thing ?
ps , electronics can be stored in special Mil-Spec HEMP resistant storage that protects 100 % against damage.
If you thought war was on the horizon , you would store your choice of electronic investment in one and sell them when the dust settles.
i reckon ECU's for landcruisers , UHF radios and solar panels would have the most value.
