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Author Topic: Would World War instantly destroy Bitcoin?  (Read 4816 times)
BitOnyx
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April 09, 2014, 10:21:45 AM
 #61

Right now bigger problem is if there going to be another cold war. Everyone know what would be the output of open war and everyone prefer to avoid it.

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AnonyMint
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April 09, 2014, 12:11:58 PM
 #62

The entire internet will never go down. The main threat is segmentation of the internet and thus the block chain into competing chains.

The solution is to HAM or shortwave radio the data between segments, and the miners slow down the block period as necessary to accommodate the slower relaying time.

The coin needs a better (more efficient) design than Bitcoin on the way miners aggregate and relay data.

This can probably all be solved once we get serious development back into a coin. Bitcoin development has become rigor mortis.

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April 09, 2014, 12:16:35 PM
 #63

The coin needs a better (more efficient) design than Bitcoin on the way miners aggregate and relay data.

Although, broadcast (as e.g. radio) is a marvelously efficient way to distribute the data.  Satellite seems like a no-brainer.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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April 09, 2014, 02:51:25 PM
 #64

The coin needs a better (more efficient) design than Bitcoin on the way miners aggregate and relay data.

Although, broadcast (as e.g. radio) is a marvelously efficient way to distribute the data.  Satellite seems like a no-brainer.

Good idea.

I also thought of another I think better solution so that block periods don't need to slowdown to the least common denominator of relaying delays. We provide a protocol for coins to be spent from a chain to another chain, i.e. the coin retires in the source chain and is born in the destination.

So then multiple chains can spawn and operate in different segments of the internet as necessary in a decentralized free market.

There are some caveats and details which I thought about but won't enumerate at the moment.

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April 09, 2014, 03:15:00 PM
 #65

Quote from: AnonyMint link=topic=413236.msg6139673#msg6139673
The coin needs a better (more efficient ) design

If bitcoin wants to survive world war, the infrastructure has to be in place now. World war today would certainly destroy bitcoin, a decentralized blockchain will never respond quick enough in chaotic world crisis. Because we can sit here and discuss ways that it could survive is far from it actually doing  so.

I agree that bitcoin dev seems stuck in mud, could be our undoing on many levels.

I am starting to think conspiracy when it comes to bitcoin languishing, something doesn't seem right.

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April 10, 2014, 04:42:09 AM
 #66

"War is to the 21st century what oil was to the 20th; the pillar that supports the global economy."

- Colonel Roy Campbell, Metal Gear Solid 4: Guns of the Patriots
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April 10, 2014, 04:43:29 AM
 #67

Yes it will destroy the BTC.
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April 10, 2014, 04:53:01 AM
 #68

A full world war, if it cascaded into a global nuclear exchange would be bad for the network.

EMP weapons detonated high in the atmosphere could certainly stifle Bitcoins growth phase.

But kill it with 100% certainty? I'm not sure, provided the blockchain survived somewhere, preferably in multiple places, then bitcoin survives with a possibility of restarting the blockchain after the idiots stop fighting.

I suppose before EMP problems blockchain forks might be forced by national firewalls, they would certainly kill the "oneness" of Bitcoin if they did fork and continue to run.


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April 10, 2014, 06:01:12 AM
 #69

A full world war, if it cascaded into a global nuclear exchange would be bad for the network.

EMP weapons detonated high in the atmosphere could certainly stifle Bitcoins growth phase.

But kill it with 100% certainty? I'm not sure, provided the blockchain survived somewhere, preferably in multiple places, then bitcoin survives with a possibility of restarting the blockchain after the idiots stop fighting.

There could be no one to restart the blockchain after the fighting is over... Cool

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April 10, 2014, 06:46:25 AM
 #70

bitcoin would still be alive because people would still want to buy pot on the darkweb
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April 10, 2014, 03:44:47 PM
 #71

Depends on the effect a world war would have on the internet, if it can still run properly I believe bitcoin prices would skyrocket. People will be exchanging firearms and what not with bitcoin, in times of desperation and crisis people make the most money.
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April 10, 2014, 03:47:45 PM
 #72

Depends on the effect a world war would have on the internet, if it can still run properly I believe bitcoin prices would skyrocket. People will be exchanging firearms and what not with bitcoin, in times of desperation and crisis people make the most money.

Lol, now we don't have anything like a world war but bitcoin is falling head to the ground... Grin

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April 10, 2014, 05:34:17 PM
 #73

Depends on the effect a world war would have on the internet, if it can still run properly I believe bitcoin prices would skyrocket. People will be exchanging firearms and what not with bitcoin, in times of desperation and crisis people make the most money.

Lol, now we don't have anything like a world war but bitcoin is falling head to the ground... Grin

Haha, Maybe the thread should be "Does Bitcoin need World War to survive?" Maybe the answer is yes, but only a small one please.

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April 10, 2014, 05:41:08 PM
 #74

Another World War would destroy everything. Well, maybe not roaches, I heard they might be able to survive a nuclear winter.

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April 10, 2014, 05:42:22 PM
 #75

Another World War would destroy everything. Well, maybe not roaches, I heard they might be able to survive a nuclear winter.

And take over the world (get ready)... Cheesy

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April 10, 2014, 10:45:10 PM
 #76

Your paper wallets will be fine  Tongue

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April 11, 2014, 12:12:00 AM
 #77

Your paper wallets will be fine  Tongue

Well, they shouldn't actually be made of paper or anything combustible. Do you know that roaches eat paper? Grin

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April 11, 2014, 05:19:55 AM
 #78

The real question is....will humans survive a 3rd world war? It only takes 1 group to launch a nuke to spark a chain of nuke launches and the end of the world as we know it.

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April 11, 2014, 04:59:54 PM
 #79

Yeah cause im sure the US will activate the kill switch,  then I dont see how we can do any bitcoin transaction after that happens.  I think is time to make new kind of interenet one where is controlled by the people PWW.bitcoin.com  Peoples Wide Web.  !!!

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April 11, 2014, 07:43:54 PM
 #80

Im sure bitcoin will survive

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