128 BANKS WENT DARK AT THE SAME TIME IN JAPAN — AND BITCOIN DOESN’T HAVE THAT PROBLEM
On Friday, November 6, a communications equipment failure left 128 banks in Japan without service at the same time: ATMs were out, 3,430 branches were shut down, and online banking was down for about 6 hours. It wasn’t a hack: a single shared system failed. The lesson: one central point can shut down 128 banks. Bitcoin doesn’t have a central server that can fail like that. Centralized or decentralized? I’m listening
#bitcoin #BTC #japon #Criptomonedas
On Friday, November 6, a communications equipment failure left 128 banks in Japan without service at the same time: ATMs were out, 3,430 branches were shut down, and online banking was down for about 6 hours. It wasn’t a hack: a single shared system failed. The lesson: one central point can shut down 128 banks. Bitcoin doesn’t have a central server that can fail like that. Centralized or decentralized? I’m listening
#bitcoin #BTC #japon #Criptomonedas