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Economist explains the two futures of crypto - Tyler CowenBitcoin, crypto, and the internet are inextricably linked. So what happens if the internet goes down for a prolonged period? If a node goes down, it will no longer be able to participate in the network and will not be able to validate or process transactions. When a crypto exchange goes bankrupt, it first has to cover legal fees and debts during bankruptcy, so your crypto may not be safe.
