Thursday, January 10, 2019

Nuclear conflict: bitcoin will survive anyway

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Nuclear conflict is very likely, since the number of atomic weapons in many countries exceeds thousands of charges. The result of a nuclear conflict will be almost complete destruction of infrastructure and the banking system as well.

The shortage of cash and the lack of controlling structures will lead to the fact that the survivors will have to switch to other means, but there will be serious problems with them. Humanity will have to look for completely new alternatives.

If such a conflict happen, then bitcoin can be called the best means of payment. Despite the fact that many cryptocurrencies will be destroyed, Bitcoin has a chance that it will survive a nuclear war. A number of nodes of the coin, thanks to the fact that they are scattered around the world and decentralized survive. Based on them, you can then restore the entire network using information from the surviving PCs. Even if one node remains, you can still completely restore the entire system.

All this is possible due to the fact that the architecture of Bitcoin itself, is based on the blockchain, which has phenomenal resistance to external influences and the ability to recover, despite attempts to eliminate. Analysts who are engaged in futuristic forecasting assume that the bitcoin created is just an attempt to survive a possible war and allow humanity to use it as a means of payment.

Countries that will rebuild their financial systems after a nuclear conflict will be forced to use Bitcoin, since almost all cash will simply burn out. Attempts are already being made to simulate possible scenarios for using Bitcoin as the main monetary unit in the event of such a development.

According to analytical reports, Bitcoin is likely to undergo changes, and will not be the same as we know it at the moment, but the original architecture will remain. The whole network will be recreated on its basis. Perhaps in the near future, programmers will be able to improve the leading cryptocoin so much that it will not be afraid of any man-made disasters. There is an opinion that Bitcoin is already now a self-modifying unit, which is preparing in advance for the fact that humanity will survive a nuclear war.

Of course, it is better that this never happens, and Bitcoin will be just another e-currency. But it will help us survive and become really the only means of payment on the entire planet.


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