Saturday, October 30, 2021

Bitcoin and potential power outages in Europe

So during the last few weeks I have seen news of Austrain, German and Swiss govt's telling their people to be prepared for power outages that could last up to two weeks:

https://www.euroweeklynews.com/2021/10/27/austrian-minister-warns-of-possible-power-outage-across-europe/

These outages could affect wide European areas. If you think about it, a power outage is a major disruption event: no internet, no cell phone coverage, running out of batteries on your devices...

In this kind of circumstances it would be very difficult to transact and buy goods, as you can not pay with any electronic systems.

So my question is, how it would affect bitcoin and how can we can prepare so that this event has limited effects on the bitcoin network?

Satellite internet, high capacity batteries, mesh networks are some options. There is even some bitcoin RF transmitters.

I would like to hear your ideas and learn.


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