Topic: EMP Bomb (Read 279 times)
I bet when EMP bombs is used, i'm sure no one thinks about cryptocurrency/anything digital and focus on survival without electricity/internet. But, bitcoin (or any cryptocurrency/public-blockchain based service) should be fine as long as not all nodes are destroyed by EMP bombs.
Wouldn't an EMP just be a temporary thing? Like sure power would be out and what not but you wouldn't lose all your data. We also have hardware wallets which aren't online unless being used (Extremely common) and offline paperwallets which are all safe. The blockchain is still there and still written in stone.
Which is funny because most likely the legacy banking system would take much more damage than bitcoin. For bitcoin to survive it only needs ONE person on the entire planet to keep an intact full copy of the blockchain, statistically, someone will always keep it. So once the internet is restored, this blockchain can be broadcasted across the network so the rest of people catches up.
The legacy banking system would be in a mess where most likely all backups are lost because they are not widespread across the globe but on very specific private buildings.
Wouldn't an EMP just be a temporary thing? Like sure power would be out and what not but you wouldn't lose all your data. We also have hardware wallets which aren't online unless being used (Extremely common) and offline paperwallets which are all safe. The blockchain is still there and still written in stone.
Which is funny because most likely the legacy banking system would take much more damage than bitcoin. For bitcoin to survive it only needs ONE person on the entire planet to keep an intact full copy of the blockchain, statistically, someone will always keep it. So once the internet is restored, this blockchain can be broadcasted across the network so the rest of people catches up.
The legacy banking system would be in a mess where most likely all backups are lost because they are not widespread across the globe but on very specific private buildings.
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They say a thin line separates genius and madness.
The fact crypto is a digital currency it's totally dependable on electricity.
Also cash is becoming less and less common in favor of electronic bank accounts.
Now that there is talk about EMP Bombs, how will cryptocurrency be protected?
for those who don't know what EMP is. EMP's are simply electromagnetic pulse which can affect electronic devices but this only happens if the device is close enough to the source of EMP to be affected. Also cash is becoming less and less common in favor of electronic bank accounts.
Now that there is talk about EMP Bombs, how will cryptocurrency be protected?
The largest EMP source can be produced by a nuclear explosions and even the most powerful nuclear bomb won't be able to wipe out all data centers, infrastructures and servers scatter across the world and the produced EMP is not enough to affect all electronic device in the world.
As for the question of how will cryptocurrency be protected? As long as the servers who hold the data of the blockhain is never directly hit by the EMP the crytocurrency is safe but there will be delays in the transaction and lost of coins as for the network traffic will surely be affected by the EMP attack is there is one.
You'd be well advised to stock up on food, land, guns, and all the other
prepper essentials if you're seriously worried about such a thing, and
bitcoin ought to be very low on the priority list. Gold & silver might
come in handy, but those other things would be not only handy but
indispensable. Bitcoin is a speculative instrument, not a great currency
and yeah, it'll be useless in any event that shuts down the power grid.
prepper essentials if you're seriously worried about such a thing, and
bitcoin ought to be very low on the priority list. Gold & silver might
come in handy, but those other things would be not only handy but
indispensable. Bitcoin is a speculative instrument, not a great currency
and yeah, it'll be useless in any event that shuts down the power grid.
The fact crypto is a digital currency it's totally dependable on electricity.
Also cash is becoming less and less common in favor of electronic bank accounts.
Now that there is talk about EMP Bombs, how will cryptocurrency be protected?
Also cash is becoming less and less common in favor of electronic bank accounts.
Now that there is talk about EMP Bombs, how will cryptocurrency be protected?
If there is a big shutdown due an EMP shockwave, the entire banking would suffer and therefore the elite would be jeopardized too. Do you think the elite doesn't use the internet to move trillions of dollars daily? they cannot afford moving away from the internet anymore because they have built their system around it.
Cash is a tiny part of the economy, the majority is digital, so any attacks of such nature on bitcoin would therefore have an impact on their own banking system too.
The fact crypto is a digital currency it's totally dependable on electricity.
Also cash is becoming less and less common in favor of electronic bank accounts.
Now that there is talk about EMP Bombs, how will cryptocurrency be protected?
Also cash is becoming less and less common in favor of electronic bank accounts.
Now that there is talk about EMP Bombs, how will cryptocurrency be protected?
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