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Power outages, cyberattacks and bitcoin resilience
Today Spain, most of Portugal and some areas in France spent all day with no electricity. No traffic lights, no trains, no elevators, no stores, no banks, etc. It is not yet clear if it was a cyberattack or not, but it made me think, with the risks of cyberattacks to the grid, EMP attacks, etc., is it really worth devoting the larger share of my savings to bitcoin? Something like today’s events show how fragile infrastuctures are, how fast they can collapse, and how much chaos can happen unexpectedly. The network, supposedly bitcoin’s power, is also its greatest vulnerability. submitted by /u/izzybeebcn [link] [comments]
Today Spain, most of Portugal and some areas in France spent all day with no electricity. No traffic lights, no trains, no elevators, no stores, no banks, etc. It is not yet clear if it was a cyberattack or not, but it made me think, with the risks of cyberattacks to the grid, EMP attacks, etc., is it really worth devoting the larger share of my savings to bitcoin? Something like today’s events show how fragile infrastuctures are, how fast they can collapse, and how much chaos can happen unexpectedly. The network, supposedly bitcoin’s power, is also its greatest vulnerability.
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