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Coachtzu t1_ixkjghh wrote

Reply to comment by virdestratera in If a solar flare were to wipe most if not all technology, what plans/countermeasure could be taken to slow rebuild things like the internet? by Zak_the_Reaper

You forgot banking. Used to work in that industry, I'm not sure how protected the data is from something like this, but millions of people could lose their money in the blink of an eye. Everything is stored on servers, it was wild to me there was no paper versions of anything, literally to the point we had to destroy it if it was made.

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Not_Legal_Advice_Pod t1_ixll9mz wrote

Every bank worth its salt has a significant off-site disaster recovery backup. Sure, some of them probably are not built right. But the vast majority of the money in the financial system would be known even in a worst case solar flare.

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vrcap t1_ixnibjh wrote

Yes but wouldn't banks/branches not be able to operate? Even for a few minutes half globe blackout would mean chaos, everything is digitized these days, credit card, bitcoins, or any other type of electric payment will be out of order which would be a disaster because people wouldn't be able to pay for stuff unless they pay cash.

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