sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja
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<Rudde> Hello! I have a question. What whould happen if the internet was seperated for a hr etc.. Like the American continent was disconnected from the rest of the world for one hr, it would work as expected internally in America but not to anything outside and same witrh rest of the world. How would this effect bitcoin?
<fluffypony> Rudde: more for #bitcoin, but it would just reorg to the longest chain once the Internet re-connects
<Rudde> Oh, I'm sorry
<fluffypony> in an event like that US-based economically sensitive nodes would have to increase the number of confirmations they accept to like 100 or whatever
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<fluffypony> so that they don't end up accepting txs on the chain with less cumulative PoW difficulty (ie. the one that gets reorged off)
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<wumpus> also any node connected to both networks (say, via satellite) and passing blocks along could keep them synchronized. Excluding an "under the dome" kind of scenario :-) it'd be extremely unlikely for separation to be complete
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<fluffypony> smoke signals across the pacific :-P
<Rudde> I was assuming a "under the dome" kind of scenario
<fluffypony> transactions printed out and smuggled in dusty old books
<othe> prolly nothing as you won't even receive more than 6 new blocks within that hour, so the suggested 6 confirmations before a payment is assumed confirmed wouldn't happen
<fluffypony> oh that's also true - not enough mining power on the US side for the chain to progress
<Rudde> Ahh
<Rudde> Yeah, the difficulty would be too high, right?
<fluffypony> yep
<Rudde> Okey, letys assume a month then
<Rudde> Total solar flear death to the pasific infrasturcture
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<Taek> if the network was split for more than a few hours I'm pretty sure that the community would find some way to make a bridge
<Taek> point to point wifi can travel hundreds of miles
<Taek> there are sattelite connections
<Taek> radio, etc.
<Taek> if it's a true under-the-dome scenario the rest of the US (or whatever country) is going to be in a really bad way
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<Taek> b/c we have a global economy and no country can really survive isolation
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<Rudde> Taek: Okey, so I was wondering if it was self-correcting and handeling or if it would need human intervention.
<fluffypony> it would self-correct just fine when reconnected
<fluffypony> but being cut off from the bulk of the mining network would effectively stall that portion of the chain
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<kanzure> centralized wallets seem to be more problematic than "activist shareholders" in that doc
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