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Author Topic: Are Bitcoins Martial Law Proof?  (Read 7955 times)
Mike Jones
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August 01, 2012, 06:42:40 PM
 #1

If the government shuts down a good portion of internet service throughout the US, will my Bitcoins still be waiting for me when things come back online?
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August 01, 2012, 06:43:19 PM
 #2

yup.

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August 01, 2012, 06:43:54 PM
 #3

There are thousands of copies of the blockchain in other countries.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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August 01, 2012, 06:53:54 PM
 #4

Are you anticipating martial law?


Mike Jones
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August 01, 2012, 06:58:07 PM
 #5

Are you anticipating martial law?

http://theintelhub.com/2012/08/01/government-silently-positions-for-martial-law-as-financial-collapse-arrives-in-america/
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August 01, 2012, 07:16:33 PM
 #6

Europe here, i have the full blockchain, don't worry  Cheesy

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August 01, 2012, 07:25:46 PM
 #7


Just move to Canada.


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August 01, 2012, 07:30:26 PM
 #8

Europe here, i have the full blockchain, don't worry  Cheesy
Thank you.  Grin
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August 01, 2012, 08:05:01 PM
 #9

oh great some igloo jokes Tongue


I can throw a stone across a river and hit an american Smiley

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August 01, 2012, 08:12:23 PM
 #10

better question is will my paper bill bitcoins still be worth something if the blockchain is never fired back up ?  would you still be willing to trade with me ?  Grin


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August 01, 2012, 08:52:32 PM
 #11

better question is will my paper bill bitcoins still be worth something if the blockchain is never fired back up ?  would you still be willing to trade with me ?  Grin
What do you mean "fired back up" - a prolonged global shutdown of the Internet is extremely unlikely so the blockchain will most certainly keep growing and everybody with at least some form of Internet access would surely be willing to trade with you for your paper Bitcoins.

Oh and by the way: I've got some hashing power running completely on solar power here and a number of big antennas for long-range WiFi, so I'll do my best to help Bitcoin make it through the zombie apocalypse Wink

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August 01, 2012, 09:03:00 PM
 #12

Right now there are around 15000 - 17000 complete copies of the blockchain distributed around the world. Good luck in stopping that.

http://bitcoinstatus.rowit.co.uk/

I encourage bitcoin users to use the Satoshi client or any other client that downloads the full blockchain so it is stored on your comptuer.  

EDIT: Looks like we have approx 10000+ copies of the blockchain.  See below.

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August 01, 2012, 09:07:45 PM
 #13

better question is will my paper bill bitcoins still be worth something if the blockchain is never fired back up ?  would you still be willing to trade with me ?  Grin
What do you mean "fired back up" - a prolonged global shutdown of the Internet is extremely unlikely so the blockchain will most certainly keep growing and everybody with at least some form of Internet access would surely be willing to trade with you for your paper Bitcoins.

Oh and by the way: I've got quite some hashing power running completely on solar power here and a number of big antennas for long-range WiFi, so I'll do my best to help Bitcoin make it through the zombie apocalypse Wink

+1

I'll lend support to that!

It was a cunning plan to have the funny man be the money fan of the punning clan.
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August 01, 2012, 09:11:06 PM
 #14

I would hope that people would set up a huge "pirate" high-wattage WiFi networks with directional antennas to connect locales.
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August 01, 2012, 09:15:40 PM
 #15

I would hope that people would set up a huge "pirate" high-wattage WiFi networks with directional antennas to connect locales.

Supposedly, BitSyncom is working on this.  Hopefully, it is not vaporware.
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August 01, 2012, 09:32:44 PM
 #16

I would hope that people would set up a huge "pirate" high-wattage WiFi networks with directional antennas to connect locales.

Supposedly, BitSyncom is working on this.  Hopefully, it is not vaporware.

to save someone some time searching
http://bitsyn.com/main/2012/07/the-bitsyncom-initiative
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August 01, 2012, 09:37:54 PM
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August 01, 2012, 10:25:18 PM
 #18

That's a little gloomy...I hear Switzerland is nice this time of year...

Hardforks aren't that hard.
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August 01, 2012, 10:49:33 PM
 #19

Your bitcoins ultimately rely on the government to maintain the electrical grid and internet infrastructure, this is one of the reasons pro-big government folks like myself like them so much.  When people use currency like gold or ammunition in the event of an emergency they can trade and barter with it freely, when we use bitcoins control of the market is in the hands of the government. 

"Money is like manure: Spread around, it helps things grow. Piled up in one place, it just stinks."
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August 01, 2012, 10:55:10 PM
 #20

Your bitcoins ultimately rely on the government to maintain the electrical grid and internet infrastructure, this is one of the reasons pro-big government folks like myself like them so much.  When people use currency like gold or ammunition in the event of an emergency they can trade and barter with it freely, when we use bitcoins control of the market is in the hands of the government.  
The WWW internet infrastructure was inherited from the failed investments of interactive TV. The government had nothing to do with that.

I would know. I lost a lot of money.
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