13 ms·

What would you suggest? The currency -- like the internet is so decentralised it could survive a nuclear apocalypse. Even attempting to corral this into an som

by s_dev 9y ago

What would you suggest? The currency -- like the internet is so decentralised it could survive a nuclear apocalypse. Even attempting to corral this into an some environmentally friendly structure is far beyond trying to herd cats. The problem isn't Bitcoin -- it's using fossil fuels for energy -- solve this at a global level and the Bitcoin issue is solved as well.

dx034 9y ago
Theoretically, as all transactions can be tracked, some minors could only use renewables and sell those bitcoins at a higher price. Will be hard to track after a while but at least the initial price could be higher for the premium.
johnchristopher 9y ago
I wonder: if there truly was a nuclear apocalypse, could bitcoins be used ? Would it be more practical than barters or leftover coins and jewels ?
- throwanem 9y ago
  As long as the nuclear apocalypse in question leaves the Internet effectively untouched, sure. Oh, and shipping companies, to deliver things people buy. And power generation infrastructure, to run the Internet, and fuel infrastructure, to run the trucks. To whatever extent the nuclear apocalypse leaves these things functional, Bitcoin can still be used. That the extent to which the nuclear apocalypse leaves these things functional, is inversely proportional to the extent to which the nuclear apocalypse is a nuclear apocalypse, seems a detail not worthy of much regard among serious-minded cryptocurrency aficionados. (On a more local level, if your postapocalyptic enclave finds it more practical to denominate transactions in cryptocurrency instead of barter or some physical medium of exchange, congratulations! The power, time, and effort required to maintain such an infrastructure, in such a time and place, represent unimaginable luxury. Try to enjoy it, in whatever moments you can spare from repelling raiders drawn by the prospect of gaining access to a working power plant and all your other riches.)
tscs37 9y ago
I doubt bitcoin could survive a nuclear apocalypse. Bitcoin requires a working internet and excessive power to be available. Why would anyone trying to survive in a nuclear apocalypse bother to mine bitcoin? Cigarettes or Bullets would be far more valuable. The problem is most definitely Bitcoin, considering several other coins have either moved or are planning to move to more efficient methods of consensus.

by s_dev 9y ago

dx034 9y ago

Theoretically, as all transactions can be tracked, some minors could only use renewables and sell those bitcoins at a higher price. Will be hard to track after a while but at least the initial price could be higher for the premium.

johnchristopher 9y ago

I wonder: if there truly was a nuclear apocalypse, could bitcoins be used ? Would it be more practical than barters or leftover coins and jewels ?

throwanem 9y ago
As long as the nuclear apocalypse in question leaves the Internet effectively untouched, sure. Oh, and shipping companies, to deliver things people buy. And power generation infrastructure, to run the Internet, and fuel infrastructure, to run the trucks. To whatever extent the nuclear apocalypse leaves these things functional, Bitcoin can still be used. That the extent to which the nuclear apocalypse leaves these things functional, is inversely proportional to the extent to which the nuclear apocalypse is a nuclear apocalypse, seems a detail not worthy of much regard among serious-minded cryptocurrency aficionados. (On a more local level, if your postapocalyptic enclave finds it more practical to denominate transactions in cryptocurrency instead of barter or some physical medium of exchange, congratulations! The power, time, and effort required to maintain such an infrastructure, in such a time and place, represent unimaginable luxury. Try to enjoy it, in whatever moments you can spare from repelling raiders drawn by the prospect of gaining access to a working power plant and all your other riches.)

tscs37 9y ago

I doubt bitcoin could survive a nuclear apocalypse. Bitcoin requires a working internet and excessive power to be available. Why would anyone trying to survive in a nuclear apocalypse bother to mine bitcoin? Cigarettes or Bullets would be far more valuable. The problem is most definitely Bitcoin, considering several other coins have either moved or are planning to move to more efficient methods of consensus.