Earlier quoted context omitted.
I think the often cited problem is that if a national electricity grid goes down, its a very long and complex job to get them back up again, especially if transformers are damaged.
If there's no damage, it doesn't take that long. We had a blackout in 2009 in which the national grid of two countries (Itaipu is shared between Brazil and Paraguay) went down; I'm looking at the official report right now, and it took less than half a day to restore nearly all of the system for this country. Of course, if there's damage beyond the redundancies, it can take much longer; see for instance the recent bla…
A “perfect coronal mass ejection” could be a nightmare
121–130 of 133 posts
Re: A “perfect coronal mass ejection” could be a nightmare
#122Earlier quoted context omitted.
I’m continually shocked at how little people appreciate just how lucky we were with this recent pandemic.
Yeah can you imagine if it affected young people in the way Spanish flu did? I honestly think we’d be lucky if our civilization didn’t collapse in the face of something like that, given how this version went down.
Re: A “perfect coronal mass ejection” could be a nightmare
#123Earlier quoted context omitted.
It only makes sense to have protection if you are going to have enough protection to fend off all 20 million of those zombies.
That is what community is for. I would imagine an armed community would be in a better situation than an unarmed community or unarmed individuals.
Re: A “perfect coronal mass ejection” could be a nightmare
#124Earlier quoted context omitted.
Right I think that will happen as well, I am interested in better price discovery instead of arbitrary barter. I will support the cause to build the infrastructure for better price discovery. Transactions can be broadcast to the chain which is supported by an asset with many assurances and confidence about its supply. I don't actually care about the cryptocurrency being a reserve currency or any ideology fantasizing…
I legitimately do not understand what you're getting at. Society collapses, and you believe people will use cryptocurrency for barter instead of tangibles like water, food, ammunition and/or weapons because people will want to optimize the prices? What are you saying?
if its easier for you, just imagine that its for the monocle wearing investment bankers that still want to offer intangible services and settlement over a network
Re: A “perfect coronal mass ejection” could be a nightmare
#125Earlier quoted context omitted.
you are missing that: a) an immediate steep drop in difficult will allow the network to resolve transactions without loads of power, and the few nodes online will still comprise the network. some networks have much longer difficulty adjustment periods and they will be debilitated for months as blocks will not come, other networks have much shorter adjustment periods and will generate new blocks in minutes b) that tra…
It’s delusions like this that lead me to believe cryptocurrency is a cult.
Re: A “perfect coronal mass ejection” could be a nightmare
#126Earlier quoted context omitted.
I legitimately do not understand what you're getting at. Society collapses, and you believe people will use cryptocurrency for barter instead of tangibles like water, food, ammunition and/or weapons because people will want to optimize the prices? What are you saying?
that they'll use it for easier reference value and an option, yes if its easier for you, just imagine that its for the monocle wearing investment bankers that still want to offer intangible services and settlement over a network
Re: A “perfect coronal mass ejection” could be a nightmare
#127Earlier quoted context omitted.
that they'll use it for easier reference value and an option, yes if its easier for you, just imagine that its for the monocle wearing investment bankers that still want to offer intangible services and settlement over a network
I feel like you and I have wildly different expectations of societal collapse scenarios.
Radio can be recreated easily, and so can the concept of two computers talking to each other
Cryptocurrency does not need ubiquitous internet
Re: A “perfect coronal mass ejection” could be a nightmare
#128Re: A “perfect coronal mass ejection” could be a nightmare
#129Earlier quoted context omitted.
The nightmare scenario is a follows; You get a really large solar storm and no one notices it, so all of the high voltage grid transformers are connected to the grid. The currents induced by the grid burn out these transformers and they have to be replaced before power can flow again. But these are very large, long lead time items that we don’t leave just laying around. And now you need hundreds of them, but the supp…
I would like to submit Texas' recent near grid collapse due to cold weather as exhibit A to prove that knowing about a potential problem for over a decade does not mean that a bunch of disparate private entities will do their due diligence to prevent disaster.
Oh you mean energy suppliers off-lined production temporarily and most resumed operation once the storm was over.
Totally the same phenomena.
Re: A “perfect coronal mass ejection” could be a nightmare
#130It can be avoided if we will start to protect our electronics and networks right now. At least most critical ones. The protection technology is available already, just need to be integrated everywhere.