Can Bitcoin Survive An Apocalypse?

We often use the term “anti-fragile” or “censorship-resistant” to describe Bitcoin. But do these terms still apply if the internet is intentionally cut off or if some horrible, catastrophic event ends up happening?

The short answer? Yes, Bitcoin can survive an apocalypse. Not only this, but Bitcoin is actually the most robust network on the planet, as well as the most likely to stay alive in some sort of apocalyptic situation.

Do you need internet service in order to use Bitcoin? No. Do you need power from the grid? No. The idea of “off-grid” Bitcoin usage is one that encompasses many different rabbit holes which we’ll be exploring. This article is an attempt to answer a hypothetical question and to show that there are already different options to send bitcoin which don’t depend on the internet or power grid.

Bitcoin is apocalypse-resistant money. This is a result of the many different resources, ideas and accomplishments that hardworking and innovative Bitcoiners have made.

An interesting question about this was raised during Magical Crypto Conference 2019, when Elaine Ou asked Adam Back, CEO of Blockstream, “So, if China were to nuke us tomorrow, and we nuke them back, and all the internet exchange points were totally annihilated, is it conceivable that people could use their decentralized technologies and rebuild the Bitcoin network?”

Adam’s response: “I think the Bitcoin network would continue to operate through this event, surprisingly. I mean, the hash rate would go down. But I’m assuming that there’s some mining in the Swiss Alps in a bunker, or in New Zealand, or somewhere remote like this. There are pockets that would continue to be cross-connected, potentially using satellite equipment.”

Source: Bitcoin Magazine

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...