Author

Topic: Apocalypse coming. Any chance bitcoin would survive? (Read 2119 times)

legendary
Activity: 2408
Merit: 1121
Here you go:

http://www.informationisbeautiful.net/visualizations/2012-the-end-of-the-world/

Summary: No problem, make your new year's eve plans, x-mas will occur as scheduled.
b!z
legendary
Activity: 1582
Merit: 1010
Yes, cockroaches will use bitcoin to make deals.
legendary
Activity: 1002
Merit: 1000
Bitcoin
I'll make backup of the block chain, wallets and source code.. Just send me your wallet.dat file, I'll keep it safe on a DVD for you, withtout charges. Wink

Just kidding, dec 21st will be an ordinary day, like each other day.. except if I receive an asic at my door step, then i'll be parting Smiley

I bet some foolish naive peoples will makes things they will regret before of on dec 21st..

Anyone know a bet on BetsOfBitco.in about this Dec 21st stuff ?
legendary
Activity: 2114
Merit: 1015
Apocalypse means Lifting of the Veil
Apocalypse means Total Devastation (in this->context;)
http://www.thefreedictionary.com/apocalypse

btw, I think it's a win:win situation because if everything goes down, banksters go down too and I believe bitcoin is easier to re-establish than centrals banks.
full member
Activity: 196
Merit: 100
I have something interesting planned.............

Either there is going to be real trouble, or potentially... it may make Bitcoin more profitable.
member
Activity: 73
Merit: 10
So just to speculate on that. Let's say we'll see massive electronics failure due to extreme solar activity.Would there be any point to make a paper backup of my wallet.dat before the ~21st of December? Can magnetic storms corrupt digitally stored binary data? Maybe it would be smart to print out the bitcoin's protocol or the source code just in case?

I'm just curious what are your thoughts on this end of the world scenario. I think it either doesn't bring us back to the stone age or if it does bitcoin would be the last thing to worry about.
Anything big enough to cause problems we will see coming and we can simply turn most things off to protect them.  Anything big enough to still cause problems is likely to be devastating enough that your bitcoins aren't going to matter as cockroaches inherit the earth...
sr. member
Activity: 434
Merit: 250
Server farm in Urcos.
legendary
Activity: 1260
Merit: 1000
Drunk Posts
The server rack here should function as a good faraday cage.. Metal panels on the sides, mesh on the front and back. Even if the electronics themselves fry because of the power cords, ethernet, and coax passing into the rack, the magnetic media within the hard drives will be recoverable.
legendary
Activity: 1611
Merit: 1001
Apocalypse means Lifting of the Veil
legendary
Activity: 966
Merit: 1003
Bitcoin is great, but I've got other things planned for the apocalypse. It mostly involves driving across the desert shooting guns in makeshift 4x4s.


Word!  Cheesy
hero member
Activity: 1652
Merit: 569
Catalog Websites
full member
Activity: 196
Merit: 100
Another block in the wall
So just to speculate on that. Let's say we'll see massive electronics failure due to extreme solar activity.Would there be any point to make a paper backup of my wallet.dat before the ~21st of December? Can magnetic storms corrupt digitally stored binary data? Maybe it would be smart to print out the bitcoin's protocol or the source code just in case?

I'm just curious what are your thoughts on this end of the world scenario. I think it either doesn't bring us back to the stone age or if it does bitcoin would be the last thing to worry about.

The Apocalypse won't be anytime soon, if it was then it wouldn't be the Apocalypse.

In the event some magnetic solar surge hits, bitcoin will survive as long as the internet does.
sr. member
Activity: 462
Merit: 250
^ This still depends on the bitcoin network being secure and available.

nope, just revivable.

You still need to be able to verify no one has spent the private keys when someone hands you a physical coin. If the network is down/unavailable by whatever means you are back to having to trust the person who gave you the coin.
hero member
Activity: 547
Merit: 531
First bits: 12good
In case of such event bitcoins will be our last concern  Huh
legendary
Activity: 2114
Merit: 1015
You might want to have a look at this:
http://www.youtube.com/watch?v=0cEHBNqHfCI

I don't know where to get lead but I guess tin foil would serve the same purpose. I'm going to buy a shit load of tin foil and make a full mask out of it. also maybe would be good idea to surround my pc and laptop with it.

the only thing that concerns me is the induction heating - I wouldn't want to have that foil burning my skin when the magnetic storms break loose.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper


^ This still depends on the bitcoin network being secure and available.
legendary
Activity: 1904
Merit: 1002
For forecasts of solar activity as well as close asteroid flybys I highly recommend www.spaceweather.com.
legendary
Activity: 1904
Merit: 1002
Any type of magnetic storage without sufficient shielding would be vulnerable to a large enough CME.  Optical storage should be fine.  In such an event (on the scale of the Carrington event or larger) a large amount of electronics and infrastructure will be damaged, but there is enough hardened equipment out there to keep things running while we replace what got fried.

Long story short, backup your private keys on CD/DVD and it wouldn't hurt to archive the blockchain and source code too if you don't want to rely on others to do it for you.
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
This topic interests me.

We had an extensive discussion on Bitcoins survival in the event of blackout during our last meetup.

Few theories were discussed such as QR code drop points, Mesh Networks, etc.

But all seem a wee bit unrealistic in the event of an Apocalypse.
legendary
Activity: 2114
Merit: 1015
So just to speculate on that. Let's say we'll see massive electronics failure due to extreme solar activity.Would there be any point to make a paper backup of my wallet.dat before the ~21st of December? Can magnetic storms corrupt digitally stored binary data? Maybe it would be smart to print out the bitcoin's protocol or the source code just in case?

I'm just curious what are your thoughts on this end of the world scenario. I think it either doesn't bring us back to the stone age or if it does bitcoin would be the last thing to worry about.
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