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Global IT outage shows dangers of cashless society, campaigners say
(www.theguardian.com)
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this post was submitted on 21 Jul 2024
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Cryptocurrency
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While this does raise a good point, crypto would be no better in this case as the machines that run the PoW/ PoS, etc might also be running on Windows systems, no? I know most are likely Linux, which weren't affected by the Falcon mayhem this week, but if we're comparing payment methods, both credit/ debit and crypto rely on some sort of network
Credit/debit rely on centralized networks which will have more of the same systems running the same software. Bitcoin is decentralized, running on several versions of several softwares and updates don't roll out to the entire network at once. Much more resistant to this kind of outage. Which is why Bitcoin has a better uptime than pretty much any bank or other financial provider. It's simply more resistant to this kind of failure.
Very true. At worst the crypto network(s) might just have an influx of transactions and maybe a few validators go offline if they were running Falcon endpoint detection.