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Traffic From Syria Disappears From Internet

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Re: Traffic From Syria Disappears From Internet

#4

Post by venomsnake »

There is civil war. And cables will always be delicious target for any party. No bank transfers for the fleeing elite or being able to deal with external affairs, total blackout for the defender (military and police have their own systems usually so the ruling party is not that affected)

The situation in Syria is dangerous. A failed state in that location ... Arab Peninsula in the 2013 is the Balkans in 1913 ...

Re: Traffic From Syria Disappears From Internet

#6

Post by cookiecaper »

venomsnake wrote: post #4

There is civil war. And cables will always be delicious target for any party. No bank transfers for the fleeing elite or being able to deal with external affairs, total blackout for the defender (military and police have their own systems usually so the ruling party is not that affected) The situation in Syria is dangerous. A failed state in that location ... Arab Peninsula in the 2013 is the Balkans in 1913 ...

And this is what bitcoiners and similar don't understand. It's not like your internet connection will remain happy and stable while the rest of the world goes to hell around us. Telecomms will be a first-class target, and most systems have some pretty central points of failure that would make juicy (and easy) targets.

In such a situation, if you've chosen to use an electronic cryptocurrency dependent on things like robust network and electrical infrastructure to function as your primary value store, you're going to have a bad time.

This doesn't even contemplate the additional issue for bitcoin and its derivatives: the blockchain depends on a consistent, global view of network transactions, and apocalyptic-type network segmentation will cause severe forking in the blockchain, further diminishing the utility and therefore the value of the [already worthless] cryptocoins.

Re: Traffic From Syria Disappears From Internet

#7

Post by BCM43 »

cookiecaper wrote: post #6
venomsnake wrote: post #4

There is civil war. And cables will always be delicious target for any party. No bank transfers for the fleeing elite or being able to deal with external affairs, total blackout for the defender (military and police have their own systems usually so the ruling party is not that affected) The situation in Syria is dangerous. A failed state in that location ... Arab Peninsula in the 2013 is the Balkans in 1913 ...

And this is what bitcoiners and similar don't understand. It's not like your internet connection will remain happy and stable while the rest of the world goes to hell around us. Telecomms will be a first-class target, and most systems have some pretty central points of failure that would make juicy (and easy) targets. In such a situation, if you've chosen to use an electronic cryptocurrency dependent on things like r…

What would you suggest people put their money in then? Gold? Guns?

The problems you describe are problems for just about every currency right now. How much of your money do you have in cash, and how much is in the bank? Do you think you will still be able to use the bank in a situation like the one you describe?

Re: Traffic From Syria Disappears From Internet

#8

Post by Lambdanaut »

cookiecaper wrote: post #6
venomsnake wrote: post #4

There is civil war. And cables will always be delicious target for any party. No bank transfers for the fleeing elite or being able to deal with external affairs, total blackout for the defender (military and police have their own systems usually so the ruling party is not that affected) The situation in Syria is dangerous. A failed state in that location ... Arab Peninsula in the 2013 is the Balkans in 1913 ...

And this is what bitcoiners and similar don't understand. It's not like your internet connection will remain happy and stable while the rest of the world goes to hell around us. Telecomms will be a first-class target, and most systems have some pretty central points of failure that would make juicy (and easy) targets. In such a situation, if you've chosen to use an electronic cryptocurrency dependent on things like r…

1) We're heading closer and closer to a world where none of this bullshit(pardon my Frank) can happen.

2) You think REGULAR currencies have much more value than cryptocurrencies during these types of crises?

3) If Syria hypothetically still has a working "intranet" but not a working "internet", then Bitcoin will continue working just fine for them while they're not connected to the rest of us. After the Syrians re-connect, their branch will be withered, but not dead. Re-merging will be automatic when the Internet returns.

Re: Traffic From Syria Disappears From Internet

#10

Post by Jabbles »

Lambdanaut wrote: post #8
cookiecaper wrote: post #6

Earlier quoted context omitted.

And this is what bitcoiners and similar don't understand. It's not like your internet connection will remain happy and stable while the rest of the world goes to hell around us. Telecomms will be a first-class target, and most systems have some pretty central points of failure that would make juicy (and easy) targets. In such a situation, if you've chosen to use an electronic cryptocurrency dependent on things like r…

1) We're heading closer and closer to a world where none of this bullshit(pardon my Frank) can happen. 2) You think REGULAR currencies have much more value than cryptocurrencies during these types of crises? 3) If Syria hypothetically still has a working "intranet" but not a working "internet", then Bitcoin will continue working just fine for them while they're not connected to the rest of us. After the Syrians re-co…

Re-merging does not work like that. All Syrian transactions will effectively be reversed. That's assuming that they managed to mine anything, with such a small fraction of the usual computing power available.
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