**On Today’s Episode Of The Cryptoverse:**
A few weeks ago, LogRhythm, which helps companies guard against cyber attacks and threats has released its seven predictions for 2017. According to them, this year, the Internet will be shut down for up to 24 hours.
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**Sources:**
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[The Original Post on The Cointelegraph](https://cointelegraph.com/news/bitcoin-without-the-internet-can-it-happen-and-is-it-possible)
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The current DNS system is centralized. The future DNS system will be decentralized. DDOS is far less possible the more decentralized the system becomes. The only way to turn off Bitcoin is to turn off the electricity… world wide… which is impossible because some people have solar panels and damns and wind turbines and batteries and… whatever other crazy stuff Tesla comes up with in the next 10 years. Electricity will be decentralized eventually as well.
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24 hour DDoS does it mean it's bad for bitcoin mining as more block chains are made, and these blocks are getting harder and harder everyday ?
The bandwith needed to ddos bitcoin would be insane, the amount of computers needed would be massive! But I think it could be done if there was maybe more incentive.
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Very good summary imo. Especially Domain-Names vs. IP-addresses.
Rant mode activated!
Yes Bitcoin and all the rest of the systems in the world that don't use websites or domain names will work just fine without the DNS naming system. The underlaying network transport protocols were originally designed to transmit data from point A to point B and back again in the event of a nuclear war. It was all designed to work long before bulletin boards were tacked on top of them to upload bunny rabbit pictures, which later became websites (netscape navigator anyone? AOL?) TCP, UDP, IP, ARP, Routing tables etc, all these network protocols are designed to work without DNS. DNS was designed for humans that can't remember the IP addresses of 1000 different servers that they would like to visit this week. Just because DNS isn't resolving, doesn't mean the server itself is down. Type in the IP address of the server into your web browser and twitter etc will appear as if by magic. If Bitcoin or any other decentralised coin was susceptable to a simple DDOS attack, we wouldn't be having this conversation right now. Government or banking cartel XYZ would have DDOS'd Bitcoin off the face of the earth long ago. The key word here is decentralised. DDOS attacks usually attack a fixed target in a central location. It's a single point of vulnerability in any centralised system which a decentralised system avoids. They would have to DDOS millions of miners around the world all at the same time in order to cause a problem. The mining systems don't use Domain names, thats a website / web-server thing for serving pages from resolving a human readable name address. Totally different.
Hi Chris, a bit of topic here but I was wondering what is your view on Dogecoin? It's been fairly stable for the past two and a half years in top 20 criptocurrencies.
For the sake of posterity: IP is a logical address. MAC is the physical address.
And you're correct. IP bypasses DNS which ties the "human readable" address to the logical address. The downside to using IP over DNS, is that most IP's are assigned dynamically. And can change on a whim. Unless the IP you're connecting to is static, and i'm not sure if there's a good way of checking that unless you're in control of the IP.
Easy enough to test, change you tcp/ip settings, and manualy set your dns server to empty. Most wallets should still work fine.
I could be wrong as well, but I believe that the standard DDOS attack is designed to overwhelm the website server by hitting it with so many requests for service that it can't process any new incoming requests. In this case, it wouldn't matter if you had the I.P. address. Perhaps I'm confusing DNS outage with DDOS attack. Anyhow, I think that BitCoin can still change hands using direct BlueTooth communication from smartphone to smartphone. We need more info about blockchain updating via BlueTooth or WiFi Direct. This needs to be a reality. Internet dependence is an unacceptable liability.
I was wondering this the other day as we didn't have power for 12 hours… in a real emergency bitcoin could be totally useless in the real world.
I hope this isn't a terribly stupid question. Would internet shutdown in the scenarios given bother bitcoin stored on hardware wallets?
Would like to see a follow up on this episode.
Well if the attack targets DNS, while there are other much more valuable target against a whole nation infrastructure of internet backbone such as BGP.
The video didn't answer the question at hand……so wtf?
Must say I like the way you are starting your vids with coin market cap stats
this is the kind of thing I'm talking about when I talk about meshnet technology to fortify the blockchain the internet is too flimsy and unsecured
satellite recovery blockchain…