/biz/ - Business & Finance

[Anonymous No.20789920]

>Russia or some other 2nd world country attacks the undersea internet cables
>Internet between continents severed
What happens to cryptocurrencies?

[Anonymous No.20789942]

>>20789920
>implying someone could sever every undersea cable for the world
>implying theyd have any imcentive to do so
Bitcoin satellites exist

[Anonymous No.20790026]

>>20789942
This. BTC also has meshnet nodes powered by solar.

[Anonymous No.20790066]

>>20789942
>implying someone could sever every undersea cable for the world
I think with a fleet of submarines it would be possible. Maybe they could set delayed explosives on the undersea cables and detonate them all at once

>implying theyd have any imcentive to do so
Their econ is already shit. The incentive is that it hurts us more than them.

>Bitcoin satellites exist
Might help alleviate the problem where blockchains would fork. Are they susceptible to DDoS/DoS attacks?

[Anonymous No.20790113]

>>20789920

nigger the first rule of internet infrastructure is redundancy.

[Anonymous No.20790152]

>>20789920
Here is a list of all major internet cables in the world.
https://www.submarinecablemap.com/

Everyone of them? The idea is to ensure redundancy. Meaning that if one goes down it can be redirected through other Cables. Not only would other countries be unhappy with this and stop it but it also means Russia loses connection with everyone else if it were possible. Which it isn't.

[Anonymous No.20790166]

>>20790152
Lol there aren't just sea connections either. There are land connections also. So gl vlady boi

[Anonymous No.20790277]

>>20790066
>poor country successfully launching a fleet of submarines to in an attempt destroy more successful countries economically

Do you not see how unlikely this scenario is? They’d be destroyed in two days if they managed to even pull it off. Theres zero incentive for anybody to do this, and even if they did Bitcoin would survive just fine.

[Anonymous No.20790354]

>>20789920
>seething so hard he needs to resort to "what if the world ends" to feel better about his poverty...
not having a dad completely fucked you up.
you hysterical woman

[Anonymous No.20790404]

>>20790354
overreacting a little bit there pops

[Anonymous No.20790422]

>>20789942
they are not bitcoin only satelites per se, (((blockstream))) is using a commercial satelite network to broadcast transactions..., same as TV/radio stations. Those satellites are not sovereign and therefore subject to government regulations.


That said, you can transmit bitcoin transactions per hamradio if need be. You just need somebody to pick up your signed tx and broadcast it further.

>>20789920
the internet history is that it was specifically build to maintain communications abilities in the event of a nuclear war. Cyptocurrencies are a layer of that protocol.

now, what can really fuck bitcoin, the network up? easy, those mining farms cannot be hidden. Meaning, if world governments collectively decided that the costs outweigh the benefits they could just barge in to the farms, pull the plug and cause a sudden drop in hash rate that no basement dweller with there home mining rig can compensate.


Since that achilles heel is known, what do? easy, increase the benefit to the governments so high, that a plug pulling is out of question (game theoretically akin to the chinese declaring thermonuclear retaliation if somebody attacks the Three gorges dam).

How to increase benefit to government? millions of tx, for millions of reasons. Make bitcoin a civilization necesity.

Then the little you under the tinfoil hat can also mischiviously hamradio your few sats to buy some of dem drugs. You can worry about your local laws and humanity has gotten rid of the enslavement we are under. By the way, this is only possible with BSV, as BTC with their shitty 1mb cap can not ever hope to be so important as to the governments opting not to pull the plug.

Muh centraliced? I already said that the mining farms cannot be hidden, so adding a few hdd¨s to store data does not add risks on the network in that regard.

[Anonymous No.20790467]

>>20789920
>what if someone cut every cable and shot down every satellite and smashed every USB key and cut down every cellular tower
If ifs and ands were pots and pans
There’d be no work for tinkers’ hands!

[Anonymous No.20790490]

>>20790152
The amount of effort in a campaign like this would be so wasted when something like an EMP could almost do the same job with a fraction of the energy put in

[Anonymous No.20790494]

>>20789920

A fucking degenerate does not know what is dynamic routing and the principle of self-healing which is at the core of internet protocol.

now fuck off

[Anonymous No.20790559]

>>20789920
If you don't understand how the internet works then WHY THE FUCK WOULD YOU EVEN TRY TO UNDERSTAND CRYPTOCURRENCY

[Anonymous No.20790586]

One to Rule them all

[Anonymous No.20790613]

>>20790152
>>20790277
Would they even be able to prove that a specific country did it?

>>20790166
Talking about separating continents

>>20790354
>>20790404
>>20790467
>>20790490
Disrupting Bitcoin wouldn't be the main goal of the attack, obviously - it would merely be a side-effect. And the internet undersea cables being attacked isn't the end of the world.

>>20790422
Hmmm okay. The whole DoSing part isn't necessarily coming from the entity attacking the internet cables by the way (since the main goal of that entity wouldn't be disruption of Bitcoin anyways) - it would be coming from opportunistic people who finally have the power to mess with the network.
I'm not posing the "thermonuclear war" scenario because that is actually the end of the world and at that point (who gives a fuck, everything is over anyways); I'm posing a "what if the internet goes down" scenario.

[Anonymous No.20790655]

>bu wadif da sun asplode???

[Anonymous No.20790783]

>>20790613
separating continents? interesting.... yes, you theoretically could, but why? Entities with the capabilities to do that are either sitting with Veto power in the UN security council, or will get backlash from at least one of the veto five. Even in Peter Zeihans wet dreams the US will not cut ties to the eurasian continent, as Brzezinski cememted the concept that that landmass is to valuable to ignore and if the attack comes from the other side, well the US would retaliate.

cutting australia off is however very well doable....

[Anonymous No.20790868]

>>20790783
>cutting australia off is however very well doable....
Kek we are already cut off mate. Have you seen our internet speeds?

[Anonymous No.20790908]

>>20790490
We could hash bitcoin using pencil and paper like they did in ancient egypt

[Anonymous No.20790950]

>>20790613
Yes they would 100% be able to prove which country did it, they’d see them doing it in real time. The US, China and Russia have surveillance everywhere, technology you wouldn’t believe. They’d watch them leave port, track them to the target and either intervene before anything happens or watch and retaliate. The cables would be repaired in under a week

[Anonymous No.20791060]

https://www.submarinecablemap.com/