/biz/ - Business & Finance

[Anonymous No.57910879]

>resets your net worth

[Anonymous No.57910949]

>>57910879
Crypto would actually survive a solar flare very well considering it’s decentralized nature. You don’t think one would just turn off all of earths electricity do you?

[Anonymous No.57910962]

>>57910949
And if it did, at that point it wouldn't matter what assets you held. Civilization would end and we'd have a huge reset.

[Anonymous No.57910980]

>>57910879
can't wait

[Anonymous No.57910983]

>>57910962
if it did it still wouldn't matter cause hundreds of thousands of copies of the blockchain history exist. you can just reboot with all the history intact when the electricity is back.

[Anonymous No.57911015]

>>57910879
kek every picture of space is fake cgi bullshit

[Anonymous No.57911026]

>>57910879
>resets the thing keeping you from touching grass

[Anonymous No.57911053]

>>57910983
>>57910962
If anything a solar flare would caused mass adoption for crypto

[Anonymous No.57911101]

>>57910879
bullish on sol

[Anonymous No.57911120]

>>57911053
>55000 nodes
literally the hardest network to destroy. all the normies dont understand.

[Anonymous No.57911159]

>>57910983
Is there anyone making paper copies of the blockchain? Seems like the type of thing there would be. Like that museum in switzerland that has every technology plus a physical manual.

[Anonymous No.57911165]

>>57911159
the entire blockchain is like 500GB

[Anonymous No.57911241]

Just convert some of the crypto profits into real state, farm land, an underground bunker, gold and weapons. Solar flares fear the prepper

[Anonymous No.57911268]

>>57911053
This

[Anonymous No.57911290]

>>57911159
probably not, but you could. and more data saving techniques are being developed. who knows you'll have literal genetic abomonations where the dna stores the bitcoin blockchain history. literal neuralink chip in that thing that tells the dna which new data to store..

[Anonymous No.57911375]

>>57911241
preppers are obese, religious zealots

[Anonymous No.57911384]

>>57910983
>he doesn't know that EMPs wipe drives

[Anonymous No.57911390]

>>57911015

[Anonymous No.57911415]

>>57911290
>literal genetic abomonations where the dna stores [data]
Like some sort of... Data Dog.

[Anonymous No.57911459]

>>57911015
>they don't know about the space spiders stealing our energy

[Anonymous No.57911793]

>>57910879
I vaguely remember a schizo poster last year saying that solar flares in 2040 would reset humanity. Does anyone have that copy pasta?

[Anonymous No.57911826]

>>57910879
>also resets Jewish world hegemony and globohomo

very acceptable tradeoff.

[Anonymous No.57912536]

>>57911384
>literally needs one autist with a faradayed blockchain backup to counter
space is like bronze elo

[Anonymous No.57912545]

>>57910879
I hold gold - thanks for playing.

[Anonymous No.57912556]

>>57911459
When are we going to build mass drivers capable of shooting phobos sized masses at these fucking space niggers?

[Anonymous No.57912559]

>>57912545
...and an AARP card

[Anonymous No.57912593]

>>57910879
I am pretty sure someday I saw one btc node using a fed ip range, so theres at least one backup on a underground server room.

[Anonymous No.57913636]

>>57912556
Soon White man. Soon.

[Anonymous No.57913647]

solar flares don't do anything
your doomsday scenario won't happen

[Anonymous No.57913735]

[Anonymous No.57914250]

>>57911390
I thought that the sun isn't actually yellow or orange like everyone thinks and it is usually portrayed, it's actually white; as in "white hot" white. I guess these cameras have to apply some sort of filter to make out the detail.

[Anonymous No.57914856]

>>57910879
Bruh, its a dextools account with data on large servers that are already safe enough to not be hacked that easily unless you're an idiot and give your data to sketchy websites or whatever, not a mario64 speedrun
Being fucked that hard by the fucking sun isn't even remotely possible... right?

[Anonymous No.57914889]

>>57914856
All your capital is on dextools?

[Anonymous No.57914903]

>>57914889
i still live with my parents and im currently studying while making odd jobs every now and then, so i put most of my stuff on dextools, so... yeah, pretty much

[Anonymous No.57914969]

>>57911159
>he doesn't have pic related printing all the transactions as they happen
NGMI

[Anonymous No.57915078]

What if we just breed super autists and make them verify hashes by hand and run an offline blockchain

[Anonymous No.57915098]

when??? Don’t tell me two more weeks!! Haha

[Anonymous No.57915106]

>>57915078
Even if the super autists could compute at the same speed of a modern computer, physical delivery of messages would be too slow for all workers to achieve consensus on what the blockchain looks like.

[Anonymous No.57915125]

>>57911375
Smart to be obese because then they can water fast for weeks as their body uses their fat for energy. Saves on food at least initially

[Anonymous No.57915127]

>>57910949
>last solar flare blew up high voltage transformers all across the world
>my bits the size of molecules would survive this same event
/biz/fags shouldn't be allowed to vote nor reproduce

[Anonymous No.57915160]

>>57910879
Your crypto still exists at a wallet address even if we lose all electrical devices. The only difference is humans will have to hand calculate transaction on paper ledgers.

[Anonymous No.57915178]

>>57915106
No man you just make them sit in the same room

[Anonymous No.57915206]

>>57915078
the difficulty adjustment makes this possible

[Anonymous No.57916790]

Seriously though, this is predictive programming from the west to lay the groundwork for governments to shut down the internet and blame it on something else. They bitch and fuckin moan about 'authoritarian' governments around the world shutting down the internet as a civil rights violation and keep this little plan in their back pocket, ready to go at a moments notice.

A SOLAR FLARE JUST FLEW OVER MY HOUSE

https://www.weforum.org/agenda/2022/10/internet-shutdowns-explainer/

[Seanonymous No.57916798]

>heh, nothing personal, kid.

[Anonymous No.57916828]

>>57911053
>>57911120
>>57911268

yeah, whenever the lights get turned back on after collapse... I'm sure your crypto will still be worth...whatever in US dollars that don't even exist anymore. Actually no... you people are retarded. Gold would be the real winner.

[Anonymous No.57916870]

>>57916828
You’re not getting it. Civilization only survives in a soft collapse. If they power grid fully goes down like>>57910962
it wouldn’t matter if you held gold dollars or crypto. Your best asset would be people

[Anonymous No.57916887]

>>57916870
sure but I will still hold gold seeing as it's been around for 5,000 years and has seen pretty much everything.

[Anonymous No.57916903]

>>57916887
My raiding party will take everything you have. So keep buying gold for me

[Anonymous No.57916918]

>>57916903
sure thing, don't get shot.

[Anonymous No.57916922]

>>57916790
K, then I'll be jumping on the bitcoin network which will still be going with hand cranked radios

[Anonymous No.57916936]

>>57910879
thank you based cme

[Anonymous No.57916950]

Its my birthday tomorrow, but I am broke :' (

Any crypto for me? :'' (

[Anonymous No.57917009]

>>57911384
>he doesn't have hard copies

[Anonymous No.57917012]

>>57910949
It would likely fry power transformers and take down the grid for at least 18 months while that infrastructure could be replaced. Small devices would likely survive unharmed, but would not have grid power.
During this time a huge number of people would die of starvation due to the absense of power needed for food processing. What little food is processed cannot be transported due to the absense of power needed for fuel processing. Medicine manufacture shuts down. anyone needing it dies. It would be catastrophic.
I'm not sure whether this would only affect one side of the planet. I think it's possible that it gets the whole thing.
To answer your question it would definitely shut down crypto. I don't know if crypto can simply be restarted. It's been continuously mined since the beginning. What happens if there's an 18 month gap?

[Anonymous No.57917962]

>>57910879
So based

[Anonymous No.57917981]

>>57911415
Dog? A type of data dog? Isn't that LINU!? BUY LINU GUYS!

[Anonymous No.57917989]

>>57910949
A cyber attack on your precious DNS system is more likely.
Either way you're fucked.

[Anonymous No.57917998]

>>57917012
>What happens if there's an 18 month gap?
they all go to $0

[Anonymous No.57918047]

>>57916870
Your best asset would be books, bullets and seeds (also a compass, sundial and thermometer would give you a technological edge in the new stone age which is why I unironically burried those items in a jar in my backyard). A micronova Carrington event that fries all electronics would set telephone wires on fire. (Most houses on the planet are hooked to the grid, so we'd see world wide fires that have never been seen) 99% of the population wouldn't survive that. And then surviving afterwards when we have to start from stone and bronze age technology again.

Actually, buying an antique steam powered tractor might be a good investment. That is unless it melts from the electric currents durring the micronova. Anything metal could become a hazard.

[Anonymous No.57918059]

>>57910879
bear case for crypto is literal apocalypse tier events

[Anonymous No.57918060]

>>57916903
Your raiding party will raid your ass.

[Anonymous No.57918107]

Christ, you guys are fucking retards. No, a CME will not send us to a dark age. It will only affect the power grid and large computers because they act like giant antennas for a current to blow them out. It would take at most a year for the entire grid to get back up and running at full capacity again.
A faraday cage would be more than enough protection for your crypto wallet until your local grid is up and running again.

[Anonymous No.57918162]

>>57911241
>Just convert some of the crypto profits

[Anonymous No.57918187]

>>57918107
>It would take at most a year for the entire grid to get back up and running at full capacity again.
lol

[Anonymous No.57918358]

dare I say, top signal?

[Anonymous No.57918438]

>>57918107
Fuckin kek your dumb.