I agree. Or after a natural catastrophe like an earthquak…
I agree.
Or after a natural catastrophe like an earthquake, where large areas are destroyed.
Imagine telling the dude who stands in front of his shattered house, where his private keys got destroyed and a few villages further his backup in his moms house got destroyed as well: sorry bro, not your keys not your coins bro.
That is not how a monetary system for 7 billion people is going to work.
At least not in my world.
Replies
I agree. But this is a proven technical fact. What does the Bitcoin white paper say about this? That's also why I'm posting here, to get users' opinions on the matter.