It hasn’t been down for a single nanosecond in its 8 ½ years

[Meuh6879]

Source : http://www.mcclatchydc.com/news/nation-world/national/economy/article154076094.html

Slowly bitcoin gained adherents – the number of people using bitcoin now “rivals the population of small countries,” Garrick Hileman, an economic historian and research fellow at the Cambridge Centre for Alternative Finance, wrote in a preface to a report on digital currency released in April.

In a subsequent telephone interview, Hileman said between five and 10 million people have used bitcoin or a handful of other digital currencies, and the electronic system has proved extraordinarily resilient.


“It hasn’t been down for a single nanosecond in its 8 ½ years, and it is the largest computer network in history,” Hileman said, adding that without any central control over the network, there is no possible single point of failure.






“How many complicated IT systems, large IT systems had zero downtime over an 8 ½-year period?”

Proof of Work. 

[gamerfan]

Source : http://www.mcclatchydc.com/news/nation-world/national/economy/article154076094.html

Slowly bitcoin gained adherents – the number of people using bitcoin now “rivals the population of small countries,” Garrick Hileman, an economic historian and research fellow at the Cambridge Centre for Alternative Finance, wrote in a preface to a report on digital currency released in April.

In a subsequent telephone interview, Hileman said between five and 10 million people have used bitcoin or a handful of other digital currencies, and the electronic system has proved extraordinarily resilient.


“It hasn’t been down for a single nanosecond in its 8 ½ years, and it is the largest computer network in history,” Hileman said, adding that without any central control over the network, there is no possible single point of failure.






“How many complicated IT systems, large IT systems had zero downtime over an 8 ½-year period?”

Proof of Work. 

One of the greatest technological inventions of all times, no doubt about it.
But when Hileman says "...it is the largest computer network in history" isn't he wrong?
I thought the Internet was the largest computer network in the world.

[jonald_fyookball]

well yeah, its highly redunant with lots of decentralized nodes.  they'll all have to go offline at the time which is basically impossibly.

[Carlton Banks]

jonald_fyookball, you support reducing the number of nodes so that your fantasy of on-chain internet cash (that settles in an average of 10 minutes) can be fulfilled. Maybe you should dig that grave of yours a little faster, lol

[CryptoDatabase]

Source : http://www.mcclatchydc.com/news/nation-world/national/economy/article154076094.html

Slowly bitcoin gained adherents – the number of people using bitcoin now “rivals the population of small countries,” Garrick Hileman, an economic historian and research fellow at the Cambridge Centre for Alternative Finance, wrote in a preface to a report on digital currency released in April.

In a subsequent telephone interview, Hileman said between five and 10 million people have used bitcoin or a handful of other digital currencies, and the electronic system has proved extraordinarily resilient.


“It hasn’t been down for a single nanosecond in its 8 ½ years, and it is the largest computer network in history,” Hileman said, adding that without any central control over the network, there is no possible single point of failure.






“How many complicated IT systems, large IT systems had zero downtime over an 8 ½-year period?”

Proof of Work. 

One of the greatest technological inventions of all times, no doubt about it.
But when Hileman says "...it is the largest computer network in history" isn't he wrong?
I thought the Internet was the largest computer network in the world.

I think he was referring to the biggest computer network on the internet...

[Meuh6879]

Good question : i remember, in 2001, we have a general problem over DNS Query server.
And guess what ? The P2P network work like a charm ... during this problem.

UDP exchange source.