Imagine the world's electricity stops for a few hours (say because of a magnetic wave), and for such span of time there's no active computer keeping up the bitcoin (or any crypto) network (nor its public ledger, recent records, etc)
How to take advantage of that?
And what consequences would that have on bitcoin price.
The only feet you can post on this board is the HoloFeet.
So, a picture of feet suffices for Holochain shilling now?
HOT has successfully transitioned into phase 2 memery
imagine fucking 10 square miles rock hitting a planet, how would you take advantage of that ?
>are you retarded ?
how would you do anything if the internet and power are down
its impossible. but if it happens bitcorn is the last thing to worry about
In ne situation BTC fails mechanic
BTC failing would be the least of yo worries
Depends on the intensity of the solar flare, which is far and away the #1 threat to our tech ecosystem. The #2 threat is our extinction.
If it had the power to zap even the smallest of batteries, there would be much bigger problems than the price of BTC.
to take up your point though, I'm pretty sure at this point there would be enough physical information available to calculate a new price point. That being said the moment it flipped back online would be a wild, wild ride.
I am mostly interested in discussing the wild wild ride you talk about.. what could happen in your opinion?
How is this holoshilling?
For starters, the hashing power would take a significant hit, as it would take time for all mining operations to continue...so all of the sudden one block could take thousands of times longer to mine, which could cause extreme volatility.
Since it is possible to hardfork BTC (BCash) it could be possible that a decision would be made to "re-make" BTC and start from scratch to avoid the massive shortage of miners...depending of course on how severe the damage was.
the #1 threat is jews, the #2 is our own weaknesses
Nah just for a few hours I said; would that be enough for people to ditch bitcoin and move to another bcash-like piece of shit shat out of nowhere? Don't think so
Haha, I guess I meant on a complete termination level as OP described. Don't even get me started on the political aspect......
So if he's so goebbels then why does he look like obama in that pic?
Suspiciouslilnigga.jpg
Maybe, but an event strong enough to disable the mining grid for any amount of time would also have MASSIVE global implications all of which would affect the price because everything would go to shit.
Please elaborate on how someone could profit from a sudden disruption of the status quo.
You're still describing in very general terms.
Only Nexus would survive, having a cubesat network in low orbit.
ELEC will save us
If it were powerful enough to knock out all btc mining operation, odds are it would do a lot of other damage as well. Cars, banks, hospitals, you name it would basically stop working. Planes would fall out of the sky without the aide of their electrical systems. Water, sewer, gas, etc... would all be compromised. Many would die and it would cost trillions and take years to recover from. BTC would probably drop to near 0 and a massive depression would be very likely.
But BTC wouldn't collapse and in fact it could possibly emerge from it stronger than ever who fuckin' knows man I'm not a scientist.
Still waiting for intelligent elaborated replies.
The level of /biz has gone down massively since moot left.
what did he mean by this ?
by being prepared before hand. stock up on booze, cigarettes, weed, toilet paper, bottled water, canned food. you'll be swimming in unlimited apocalypse pussy just for a cigarette and 8 squares of TP
Long on food, CLEAN WATER PUMPING