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Can Bitcoin Survive An Apocalypse

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We regularly use the time period “anti-fragile” or “censorship-resistant” to explain Bitcoin. However do these phrases nonetheless apply if the web is deliberately lower off or if some horrible, catastrophic occasion finally ends up occurring?

The quick reply? Sure, Bitcoin can survive an apocalypse. Not solely this, however Bitcoin is definitely probably the most strong community on the planet, in addition to the more than likely to remain alive in some kind of apocalyptic scenario.

Do you want web service to be able to use Bitcoin? No. Do you want energy from the grid? No. The thought of “off-grid” Bitcoin utilization is one which encompasses many alternative rabbit holes which we’ll be exploring. This text is an try to reply a hypothetical query and to point out that there are already totally different choices to ship bitcoin which don’t rely on the web or energy grid.

Bitcoin is apocalypse-resistant cash. It is a results of the numerous totally different assets, concepts and accomplishments that hardworking and revolutionary Bitcoiners have made.

An attention-grabbing query about this was raised throughout Magical Crypto Convention 2019, when Elaine Ou requested Adam Again, CEO of Blockstream, “So, if China had been to nuke us tomorrow, and we nuke them again, and all of the web trade factors had been completely annihilated, is it conceivable that individuals might use their decentralized applied sciences and rebuild the Bitcoin community?”

Adam’s response: “I feel the Bitcoin community would proceed to function by way of this occasion, surprisingly. I imply, the hash fee would go down. However I’m assuming that there’s some mining within the Swiss Alps in a bunker, or in New Zealand, or someplace distant like this. There are pockets that will proceed to be cross-connected, probably utilizing satellite tv for pc tools.”



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