Topic: Wiping all copies of bitcoin blockchain VS bank's database - page 2. (Read 4613 times)
I guess you've never heard of packet radio. There are octogenarians in your very community that are prepared to restore a low-bandwidth version of the internet over the airwaves. With equipment stored in faraday cages to escape the initial EMP issue.
What would happen to the network if it was down for a month, no miners, no users, no nodes, no nothing?
Then we'd have to live with dirty fiat cash until things got sorted out. You know, IOUs
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That doesn't really answer the question.
I asked what would happen to the network, not with us.
What if we get hit by a massive solar flare, that could leave us without electricity, computers, internet for a prolonged time.
Would Bitcoin die?
Would Bitcoin die?
No. Nothing can kill it unless every last copy of the blockchain, everywhere in the world is destroyed. If that ever happens, bitcoin will be the least of anyone's worries.
As long as the internet exists and there is one copy of the blockchain left, the bitcoin network will rebuild itself. It's not going anywhere.
It's true bitcoin wouldn't be among the priority list of worries, but I'm asking for it specific.
What would happen to the network if it was down for a month, no miners, no users, no nodes, no nothing?
Then we'd have to live with dirty fiat cash until things got sorted out. You know, IOUs
What if we get hit by a massive solar flare, that could leave us without electricity, computers, internet for a prolonged time.
Would Bitcoin die?
Would Bitcoin die?
No. Nothing can kill it unless every last copy of the blockchain, everywhere in the world is destroyed. If that ever happens, bitcoin will be the least of anyone's worries.
As long as the internet exists and there is one copy of the blockchain left, the bitcoin network will rebuild itself. It's not going anywhere.
It's true bitcoin wouldn't be among the priority list of worries, but I'm asking for it specific.
What would happen to the network if it was down for a month, no miners, no users, no nodes, no nothing?
What if we get hit by a massive solar flare, that could leave us without electricity, computers, internet for a prolonged time.
Would Bitcoin die?
Would Bitcoin die?
No. Nothing can kill it unless every last copy of the blockchain, everywhere in the world is destroyed. If that ever happens, bitcoin will be the least of anyone's worries.
As long as the internet exists and there is one copy of the blockchain left, the bitcoin network will rebuild itself. It's not going anywhere.
What if we get hit by a massive solar flare, that could leave us without electricity, computers, internet for a prolonged time.
Would Bitcoin die?
Would Bitcoin die?
Hmm, no hard copies of the bitcoin blockchain?
If all the other copies are lost (by EMP, supernova, etc.) who's going to type it in to a computer, even if you're able to cart your singed copy of the paper blockchain across the apocalyptic wasteland to find a PC?
You'd likely have far bigger worries than your BTC balance.
It would nearly be impossible even if you would be able to spread a virus that would infect every online computer with the blockchain and deleted it there would still be offline software wallets that would have the blockchain or most of it 
I agree there is no EMP big enough to take out the whole world but its interesting that few people realize the HUGE EMP that can be created blowing up a nuclear bomb in the atmosphere.
"in July 1962 the Starfish Prime test damaged electronics in Honolulu and New Zealand (approximately 1,300 kilometers away), fused 300 street lights on Oahu (Hawaii), set off about 100 burglar alarms, and caused the failure of a microwave repeating station on Kauai, which cut off the sturdy telephone system from the other Hawaiian islands."
http://en.wikipedia.org/wiki/High-altitude_nuclear_explosion
Granted still not enough to take out the world but really interesting if you think of the economic shutdown effect this would have on a small countries economy. Which is why I am unsure why the US has never used an EMP in general (not just the nuke generated kind) to cripple a enemy nations economy, and then swoop in and complete a mission while the communications and infrastructure is down.
"in July 1962 the Starfish Prime test damaged electronics in Honolulu and New Zealand (approximately 1,300 kilometers away), fused 300 street lights on Oahu (Hawaii), set off about 100 burglar alarms, and caused the failure of a microwave repeating station on Kauai, which cut off the sturdy telephone system from the other Hawaiian islands."
http://en.wikipedia.org/wiki/High-altitude_nuclear_explosion
Granted still not enough to take out the world but really interesting if you think of the economic shutdown effect this would have on a small countries economy. Which is why I am unsure why the US has never used an EMP in general (not just the nuke generated kind) to cripple a enemy nations economy, and then swoop in and complete a mission while the communications and infrastructure is down.
There are many torrents and backups, so it wouldn't be possible.
I didn't hear a banks database get wiped, ever.
I didn't hear a banks database get wiped, ever.
There is no EMP that is powerful enough to wipe out the entire planet all at once. For all you know, the blockchain is also on the International Space Station or the moon. And some submarines might have copies too, they are underwater and shielded.
Hmm, no hard copies of the bitcoin blockchain?
Nothing is stopping you from printing it out. It would be a huge waste of paper and be out of date as soon as you stopped printing.Lol, like 10GB of paper...
Hmm, no hard copies of the bitcoin blockchain?
Nothing is stopping you from printing it out. It would be a huge waste of paper and be out of date as soon as you stopped printing.Hmm, no hard copies of the bitcoin blockchain?
Nothing is stopping you from printing it out. It would be a huge waste of paper and be out of date as soon as you stopped printing.Hmm, no hard copies of the bitcoin blockchain?
Nothing is stopping you from printing it out. It would be a huge waste of paper and be out of date as soon as you stopped printing. I always wondered how many servers/databases are protected from EMPs? I would think they would build a Faraday cage into the walls but maybe not.
http://en.wikipedia.org/wiki/Faraday_cage
http://en.wikipedia.org/wiki/Faraday_cage
Facilities with solid copper-sheet lined walls definitely exist (for EMP protection, etc). I've seen them first hand.
It's just not possible. As long as there's a single copy of the blockchain anywhere, on any hard drive in the world, the network will rebuild itself, even if every other node had been destroyed. It may seem unsettling, but there is actually nothing that can stop it, short of 'turning off the internet', which is of course impossible, since the internet itself was designed to reconfigure itself in the face of any disruption.
Bitcoin must prevail, its code does not permit any other outcome.
Bitcoin must prevail, its code does not permit any other outcome.
I always wondered how many servers/databases are protected from EMPs? I would think they would build a Faraday cage into the walls but maybe not.
http://en.wikipedia.org/wiki/Faraday_cage
http://en.wikipedia.org/wiki/Faraday_cage
Hmm, no hard copies of the bitcoin blockchain?
You see, a bank only has their database in a few locations. Maybe it is in their data center and all their backups are in all their different branches, and a few backups in remote locations. They will also accept printed hard copy bank statements and pass books in case of computer failure.
They have enterprise systems to take care of all this.
The bitcoin blockchain is in at least a few million locations by now, and synchronized across the world. Every country has a few hundred to a few thousand copies of the blockchain.
They have enterprise systems to take care of all this.
The bitcoin blockchain is in at least a few million locations by now, and synchronized across the world. Every country has a few hundred to a few thousand copies of the blockchain.
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