Is Bitcoin Down or Just Me?

mkdirp wrote: post #2

> The Bitcoin network has been functional for %99.98 of the time since its inception on January 3, 2009 at 02:54:25 GMT Seems weird. What was that 0.02% when it was down? I've clearly missed it.

Just added two events that led downtime for Bitcoin.

Re: Is Bitcoin Down or Just Me?

#6

Post by herpderperator » Sat, Jan 08, 2022, 6:46 PM UTC

BoorishBears wrote: post #3

I was hoping this would be a site that shows you how far up Bitcoin is in the last year So it'd be more like "Is Bitcoin down or just my poorly managed portfolio?"

I believe the wording is a play on https://downforeveryoneorjustme.com/

Re: Is Bitcoin Down or Just Me?

#7

Post by jazzyjackson » Sat, Jan 08, 2022, 6:46 PM UTC

mkdirp wrote: post #2

> The Bitcoin network has been functional for %99.98 of the time since its inception on January 3, 2009 at 02:54:25 GMT Seems weird. What was that 0.02% when it was down? I've clearly missed it.

> Yes, the Bitcoin Network has been down two times in the past. Once in 2010 for around 9 hours, known as the Value overflow incident where a block contained a transaction that created 184 billion Bitcoins for three different addresses. The network was soft forked to not allow any more than 21 million Bitcoins ever.

> And once again in 2013 for 7 hours, known as the March 2013 Chain Fork, where a block that had a larger number of total transaction inputs than previously seen was mined and broadcasted. While Bitcoin 0.8 nodes were able to handle this, some pre-0.8 Bitcoin nodes rejected it, causing an unexpected fork of the blockchain. A new released a version 0.8.1, forked directly from 0.8.0 solved this issue without any harm to the network.

https://bitcoin.stackexchange.com/questions/42961/has-the-bi...

Re: Is Bitcoin Down or Just Me?

#8

Post by iszomer » Sat, Jan 08, 2022, 6:53 PM UTC

boxmonster wrote: post #4

Actually Bitcoin is down 13.52% in the last 7 days https://coinmarketcap.com/

You may be confusing the bitcoin network conditions with price action.

iirc, there were some mainstream and social media stories of the recent "events" concerning the country of Kazakhstan regarding banning of bitcoin mining and the political unrest (and or violence that ensued). The blip you experienced may have been a direct result from this.

Re: Is Bitcoin Down or Just Me?

#9

Post by [deleted] » Sat, Jan 08, 2022, 6:54 PM UTC

boxmonster wrote: post #4

Actually Bitcoin is down 13.52% in the last 7 days https://coinmarketcap.com/

[deleted]

Re: Is Bitcoin Down or Just Me?

#10

Post by dgrin91 » Sat, Jan 08, 2022, 7:00 PM UTC

"downtime" is kind of a weird way to call it. Its not down in the same way we think of AWS being down. I guess the right way to say it is 'time when the current longest chain was not an active chain', but that doesn't exactly roll of the tongue I guess.