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Even in the worst-case all-out-war scenario, probably at least half of the affected populations would survive the blast and immediate radiation, and could potentially live long lives if they take the correct actions in the aftermath to avoid excessive fallout exposure. Many nuclear scenarios could damage cables and backbone routers, segmenting parts of the Internet. In this case, it would be necessary for people wishing to transact to find some way of communicating with the single segment containing the most mining power, such as by using satellite communication, dial-up connections, or even by writing transactions down on paper and moving them physically.
This would make Bitcoin more cumbersome to use -- perhaps too cumbersome to be realistic during or immediately after a nuclear war --, but still usable. A likely scenario is that Bitcoin would become frozen and practically unusable - but not destroyed - until the Internet was restored to roughly its former capabilities.
If a large amount of mining hardware is destroyed either directly by a nuclear blast or by an EMP, difficulty could get stuck at a too-high level for an extended period of time. The correct response to this is to hardfork to a lower difficulty. When detonated, nuclear bombs release electromagnetic pulses EMPs , which are harmful to electronic equipment. A nuclear bomb meant to destroy a ground target will only affect nearby areas with an EMP, but a mere handful of nuclear bombs detonated in the air at strategic points could cause an entire continent to be affected by EMPs.
An EMP strike could conceivably destroy almost all of a country's, continent's, or the entire world's computers. Bitcoin requires computers to function, so a widespread EMP strike would prevent Bitcoin from functioning in the affected areas until the destroyed computers could be replaced.
Even if the entire world was affected, Bitcoin would be frozen with its pre-EMP ledger, not destroyed. An EMP strike could also destroy private keys. The Bitcoin block chain is so widely distributed that someone will undoubtedly have a safe copy of it somewhere. Jump to: navigation , search.
Attack scope It is first necessary to consider the scope of a nuclear attack. Some possibilities are: Usage of tactical nuclear weapons, which are mainly just large bombs A targeted attack on a few cities, which will destroy those cities, but might not have much direct wider impact. An EMP-focused attack, in which a small number of nuclear weapons are detonated at high altitude in order to destroy a very large amount of electronic equipment.
All-out war, in which the belligerent countries empty their reserves of nuclear weapons, and most primary and secondary targets within non-neutral countries are destroyed A lot of people think that everyone is just going to quickly die in a nuclear war, and so it's no use planning for post-war scenarios.
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Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan. The article said that the company had "effectively been frozen out of the U.S. banking. "Bitcoin's Earliest Adopter Is Cryonically Freezing His Body to See the Future". Wired. Archived from the original on External links[edit]. Charles Shrem IV (born November 25, ) is an American entrepreneur and bitcoin advocate. Part of his assets were frozen as a result of the case.