because a risk of a nuclear war with magnetic bombs is not ruled out, we will see the technology disappear
this is why we must always have reserves in GOLD and Money which are safe refuges!
cordially.20 What if the internet is shutdown? What if there is a major power outrage? Will Quantum computers break Bitcoin? Will an EMP attack make Bitcoin obsolete? Hypothetical questions, but the possibilities can't be ignored. Bitcoin is highly dependant on electricity and the internet so compared to gold it is a major weakness.
Now in case of an EMP attack, every electronic system would get affected. Paper wallets would survive, but everything would be chaotic, there would be no power, no internet, no food, no medical services, no transportation, no banking. Bitcoin would be the least of anyone's worries, only survival matters.
Bitcoin is a distributed network so an EMP attack restricted to a particular region isn't going to take down the network, but yeah a global EMP attack would do the trick. Again would anyone be concerned about Bitcoin when the whole world is in chaos?