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RE: Politics: Inflation 101, what causes it and how Steemit/Cryptos are the solution

in #politics7 years ago

The only problem that I see with cryptocurrencies is that they're internet based. That's a good thing, but it's also potentially a bad thing. They're dependant on access to the internet. If a government decided, for what ever reason, to shut down the internet in their country, access to the crypto is gone. There are other possibilities for loss of internet access such as a strong enough solar flare or an EMP, but these things are unlikely.
I guess nothing is perfect...

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I can see why that is a concern but in this day and age I wouldn't worry about it to much. Generally when a country gets more oppressive such as Venezuela this helps push people toward Cryptocurrency as a viable alternative. Also like you mentioned most of these worse case scenarios are unlikely and there are methods to take crypto offline. Even in less developed areas such as parts of a Africa cyrptos such as Bitcoin are growing.

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