While thinking about the possible attacks against bitcoin holdings the threat of Electro-Magnetic Pulses popped up. So my questions are:
1. How susceptible are bitcoin holdings to Electro-Magnetic Pulses (whether they be highly targeted or a more generalized attack)?
and
2. What are some of the possible defenses?
Thanks,
Trader Steve
This attack scenario is reduced to the question "What will we do if the internet is attacked?"
The answer is - nothing, routing protocols will allow traffic to continue as long as some routers are still active. If the network is swamped to the degree of nothing getting across, or massive damage, then we have bigger problems than protecting our wallets.
Given that the internet was designed to survive massive damage, I'd say we have an advantage over non-decentralized systems.