Replying to Avatar CombatDagwood

I know I am new at this whole thing, but something hit me the other night and this “what if” question came up…Bitcoin is a digital currency and relies on a power supply and the internet. What if, say in an apocalyptic scenario, there is no power and thus no access to internet? What happens to all this digital currency? Is it just 💣 at that point? What’s the backup?
Avatar
McCoy 1y ago

No internet/electricity for across the entire globe seems like the end of everything….. but

Assuming we eventually get back online - weeks/months in doomsday event. Nodes can be offline for long time, then will reconnect and update each other on the last state of the ledger. Humans could keep IOU peer-to-peer ledgers waiting for the network to be restarted.

Reply to this note

Please Login to reply.

Discussion

Avatar
CombatDagwood 1y ago

Thanks! I appreciate the response. True, it is an extreme “what if” but at the same time if all the eggs are in one basket and you can’t access said basket, what then?