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Author Topic: What happens to bitcoin when the lights go out?  (Read 1710 times)
embargar
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April 06, 2014, 07:06:41 PM
 #21

We can only hope that will not happen
jonald_fyookball
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Core dev leaves me neg feedback #abuse #political


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April 06, 2014, 07:08:43 PM
 #22

We can only hope that will not happen

sarcasm?

ensarwyckven
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April 06, 2014, 09:38:11 PM
 #23

All of the needed Bitcoin data would still be secure and intact through other countries internet connections and by being stored and up to date on their websites data bases.
Brangdon
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April 06, 2014, 09:45:57 PM
 #24

Obviously bitcoin couldn't be used in normal fashion with no electricity(but
you could trade physical bitcoins, thumb drives that contain wallets,
paper wallets).
Surely thumb drives and paper wallets could be copied?

Eventually we may have battery-powered secure hardware wallets that can exchange transactions via NFC or Bluetooth. Without a network there'd be no way to confirm them, so you'd have to trust the buyer wasn't double-spending, but standard hardware wallets wouldn't generate double-spends.

Bitcoin: 1BrangfWu2YGJ8W6xNM7u66K4YNj2mie3t Nxt: NXT-XZQ9-GRW7-7STD-ES4DB
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