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In this video, I discuss what would happen to Bitcoin in the case of a coordinated global internet outage or attack.
Fortunately, governments need the internet to be up and running as much as anyone else-- and big governments like China, Russia, and the US are no longer good at coordinating to do anything.
Like the internet, Bitcoin is a decentralized system, with no centralized points of failure. The internet does not have a single on/off switch, but rather was designed to route around outages. The internet was designed by the DoD to survive a nuclear war.
If the internet went down or the electricity went off, your Bitcoin would go into hibernation, ready to be resurrected when the power and internet returned. Fortunately, all Bitcoin transactions and the existing UTXO ownership set are being stored by almost every single Bitcoin node on earth, which can be found in every country in the world.
Bitcoin is highly portable as well-- you can travel around the world with your BTC with just 12 words in your head. So you could always try to travel to a place in the world where the internet was still up and running.
Bitcoin is robust and anti-fragile. It could survive a nuclear war, even if humans and the global fiat banking system could not.
Not investment advice! Consult a financial advisor.
Countries turning off their local internet:
https://netblocks.org/
Map of Bitcoin nodes:
https://bitnodes.io/
Starlink:
https://www.starlink.com/
Blockstream satellite:
https://blockstream.com/satellite/
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
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