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Author Topic: Banks, Airlines, and Hospitals are all down today  (Read 286 times)
m2017
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July 21, 2024, 07:43:42 AM
 #21

Bitcoin never takes a break.
Praise and gratitude for decentralization!

Its architecture prevents someone from faulting millions of nodes worldwide.
It’s great when there are many backup nodes, making the BTC-network the most stable and reliable. It seems to me that this is the best that could be invented technically.

Free PR for crypto!
But was there at least one media outlet that mentioned bitcoinin the context of this incident with CrowdStrike?

It seems to me that this PR occurred only among BTC-enthusiasts, who, in principle, don't need advertising for bitcoin, because they already know about the advantages of it.
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July 21, 2024, 01:51:57 PM
 #22

Well, this whole fiasco sure was something! It really shows that you don't need some fancy cyberattack to totally screw things up - all it takes is a few tech malfunctions without a backup plan and suddenly you've got chaos and money flying out the window.  I mean, we are just so hooked on our little digital gadgets these days and  makes me wonder what would happen if we just lost power altogether for a couple days.  Probably way worse than corona times that's for sure! But man, the fact that this mess happened all because some idiot didnt properly test a dumb software update? Ridiculous.  Just sloppy and ridiculous and so preventable.  Guess it proves how much we take this tech for granted, expecting it to work flawlessly 100% of the time.

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ranochigo
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July 22, 2024, 06:16:55 AM
 #23

I agree with this, but we also have to keep in mind that companies have in recent years been chipping away at QA in order to save costs - I know for one, that Microsoft is a very good example of this - updates every other week that effectively prevent certain drivers from working properly. And those don't hit the news as often, because only a small number of people get affected by them.

These security companies especially do not know exactly how the OS they are integrating into works, whether it be Windows or Linux, and because development is not synchronized with that there will inevitably be serious bugs like this that happen which cause an oops/panic/BSoD.
Majority of them won't cause catastrophic failure, and I find this CrowdStrike issue to be something that has to do with the development workflow as a whole. In every organization that I have had the privilege of being with, each tiny update has tons of stakeholders signing of and it is for a very good reason.

In CrowdStrike's case, it appears to be triggered by a memory access violation when a null pointer was created and wasn't caught by any checks, ideally null pointer checks would've been implemented.

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Obari
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July 22, 2024, 07:17:24 AM
 #24

Bitcoin is the way now
Bitcoin is the future and we should always at every opportunity we have preach the gospel as true believers of it.
One sweet thing about bitcoin is that, it is decentralized and as such no one person has an autonomous authority over it but rather it is controlled and decided by the holder (user).

I think this thread just made me have some pause to actually think what will happen to the world if the internet shuts down now m.
The world is already very digital and I could only imagine what happens to the world without internet and will it also affect bitcoin ?

 
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Franctoshi
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July 22, 2024, 07:24:42 AM
 #25

That's a lot of damage made by Crowdstrike and the BSOD that have affected the global operations of most companies that are into it, really damaging.

Bitcoin never takes a break.
They will never understand this and even with that, they'd throw some argument about it and ask a question what if the internet is down? They don't realize that the entirety of everything that's reliant on the internet will be down as well.
If you said government don't understand this, I don't believe it because government would deploy expertise or has expertise who might have done a very good research about what technology behind Bitcoin is all about, but decided to keep playing the ignorant game because the result has shown them they can't totally control it, and you know the government isn't good with what they can't control.


A lot of credit must go to Satoshi and co that brought this level of technology to the world. This characteristics shows or qualify Bitcoin into being the most secured form of money and asset class of our life time, and an Immutable kind of technology I have ever witnessed, in as much the internet is still running.

 
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aylabadia05
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July 22, 2024, 07:39:39 AM
 #26

Bitcoin never takes a break.
Praise and gratitude for decentralization!
I can't compare this issue to Bitcoin network because of decentralization.
From the incident that op revealed can be knowledge even though not recognized the benefits of decentralization in terms of people's convenience.
It's time they open their eyes wide to see the advantages of Bitcoin.

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