Topic: What if there is a natural disaster, such as an earthquake? - page 3. (Read 1760 times)

There's something wrong in our space if that happens and that will be the end of Crypto if the internet is paralyzed because Cryptocurrency is internet base, you take away the internet and that's the end of everything on blockchain, no transaction no mining all totally stopped, but if it's only earthquake in one area we are still can transact.

This is a single horrible reason I stayed away from ETH stacking. I had frequent power outbreaks while going with cloud servers is practically costly.

Earthquake can not happen all over the world and signal can't lost in every part of the world. Moreover, If signal is lost and difficult to access. No one will be able to access anything and everything about crypto will probably be stable until signal comes back.

Indeed, even that natural disaster happens in a whole country at once, the damage will still not affect the communications and internet access in the world, as crypto is located in cloud of space, accessible with the use of internet worldwide. The only disaster that I can imagine that will really paralyze the crypto is when satellites in space will be destroyed or incapacitated by any reason.

This depend on the country, you can't expect Earthquake to happen in places like London and New York (God forbid) and not have impact on the economy. If the earthquake is around remote area or non commercial around the impact would be less significant all you need is just clean up

Ofcourse. And a true Crypto world should be very  mobile and distributed around the world.
Cryptocurrencies should encourage mostly mobile-friendly network developments and participations . I would be worried once part of a Cryptocurrency main system/infrastructure is becoming fixed, hard to easily move to different locations, less mobile or non-mobile.

Luckily my country rarely gets earthquakes, so I have never experienced power outages or internet disruptions in a long time.
I can not imagine how Japanese citizens who often occur in earthquakes, I've even seen the news that the earthquake in Japan
was very badly damaged. Moreover, cryptocurrency transactions are very dependent on electricity and the internet network,
if both of them are problematic, of course, they cannot make cryptocurrency transactions.

Even though there is a natural disasters in any country, it will not affect bitcoin or other cryptocurrencies because cryptocurrencies are decentralized in any country which is not rule by any virus, governor or president. The covid-19 that collapsed  so many countries economy and also make their money devalue in the process of lockdown, that make other seen the way bitcoin was rising through out the pandemic, that help so many bitcoin users to live well in their environment.
No challenge of the country can cause bitcoin not to pump in the exchange market because is not under the government control. Government is demanding for more money to be print from the central bank to help them to grow their economy back to life, so that the citizens can start living their normal life again in the country.

As long as internet is still accesible somewhere across the globe, bitcoin and otber cryptocurrencies will still be there. They are really valuable and the only thing that cpuld deplete their wprth is their own dpwnfall or if the coins can no longer be accessed by amyone anywhere. Now that being said it would look like the first option aould be more plausible.

That's the worse thing that can happened, if you are a miner and your place been hit that hard, shared that possibly being mined are affected much worser is when everything got hit and damaged you'll lose everything and there's nothing you can do since it's a natural disaster but in overall crypto world there's no major impact that will take place.

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In urgency of this tools for communication, the damages are being assess as quickly as possible to make sure that it will restored
to continue facilitating. Good point as well with the disaster, it isn't everywhere so chain still have other places to continue working.

Nowadays the communication system is so robust that even if a natural disaster occur, the signal will be available within a few hours, or at the most a few days. This short disruption is not enough to have a big impact on the cryptocurrency exchange rates. Also, we need to consider the fact that natural catastrophes doesn't occur everywhere at the same time.

So what do you think if the earthquake occurred in the business center and damaged the internet network in many areas.  Will the fixed market not waver?  I doubt it, but in that case the market will definitely be shaken up a little.  And the key is in the internet network, if the area is down, the market will not move in that area.  Then the number of trades will decrease too.  This is a form of my analogy how the market can be disturbed by the earthquake that occurred.

Of course crypto will become affected during this circumstances that we don't have control. Natural disaster always brings severe damage and one of the most affected is the electricity and internet connection where we use in crypto space. No electricity + no internet + no signal = No crypto.

nope, thats will never disrupt the development of the crypto world, because crypto is digital asset, no form is broken. different with the country economic ( who get natural disasters ) will suffer a considerable loss because impact of the disaster.
Except, if youre miners, that will make you lost all of yours tools, you lose youre data for accesting digital wallet, and many ( if youre lossing your device ).

Unless it's armageddon, I don't see any impact at all it will not have an effect if it's only 2 places it will not have an impact at all in the market, the market is not dependent on one or two locations, Cryptocurrency trading is everywhere, traders are scattered everywhere, in the city, in the county in a mountain, and where Crypto is available to trade, I hope there will no earthquake because it's a disaster but over all no impact in the market.

I would say affected Network Users should secure their devices (should be mobile and light devices) with synced Bitcoin/crypto nodes and other decentralized networks nodes.. . so that users can probably continue using Bitcoin/crypto and other decentralized systems/networks locally when things return to normal where they reside.   I think Decentralized Networks/systems should be built in such a way that local usage (without global users) can be possible. Local users can reestablish/connect with global users (as long as their applications haven't been tampered with.) once internet is possible or restored worldwide.


Ofcourse, we need to have secured sources for food, water, medicine etc... the decentralized network would also help lots of people reestablish normal life quickly.

ha? what age restriction  , you might be lost because the op was talking about natural disasters and what are thier effects in crypto . now on topic , that is true @op what you have said are the first to occur when there was a disaster .

 luckily disasters dont occur all the time and when it occurs it will go one by one . that gives others to prepare and that gives the other country a recovery , so crypto wont totally tear down . the negative effects wont stay forever dont worry

Losing your job is still not the biggest loss because earthquakes and such nature disasters often take away life of people and those who survive are actually very lucky so let alone the job when such natural calamities happen, I am only concerned about my life.

Economies will be damaged but you are right it would be a heist to even survive such times and there have been times in past when such disasters have happened although I don't see anything like that happening in coming years.

Such disasters will actually don't impact BTC value by much though I think because digital currencies can't be affected by what happens physically.

If ever a disaster such as earthquake would happen, it would have a very minimal impact to the cryptocurrency world. It would however have a great effect to the economic state of a country where the earthquake occurred.

During an earthquake, many unfortunate events such as infrastructures collapsing, triggering a tsunami, fire, and explosions might occur. The severity of the damages depend on the magnitude and the intensity of the earthquake. The more a place is closer to the epicenter and focus, the more damages possibly would happen. If ever an earthquake has high intensity, probably lines would be cut and it would affect the signal and connectivity of the specific area. These would result to people having no choice, but to use traditional way of payment system - cash. Digital banks transactions would be limited in that area affected as well as the transactions in cryptocurrency.

It wouldn’t totally harm the cryptocurrency community as natural calamities and disasters don’t happen simultaneously in every part of the world. Only the particular area which was hit by a disaster is going to be paralyzed and it would do only a very minimal effect. In addition, fast response and action is done during calamities. Meaning, connectivity is restored and damages are addressed as soon as possible by the local government units to avoid unnecessary accidents and decline in economic growth. Signal loss wouldn’t be much of a problem especially if the area isn’t damaged that much and is accessible for the workers who will repair the communication and electricity lines.

It has been a few weeks ago since the Philippines experienced a strong typhoon, as a result of power disruption, and internet connections were lost. Those affected by the typhoon suffered severe damage, they lost their homes and sadly others they've lost even their loved ones. We cannot escape natural disaster even how strong people you are. I think it will affect only crypto users in the areas were affected because of internet loss but it doesn't mean it will affect Bitcoin or any other cryptocurrencies.