[9712263]

Slightly off topic, I was always thinking about are there any single point of failure in monetary system. Since bank reserve are accounts in central bank, which stores in some ancient servers. If terrorist or hacker found out a way to destroy those servers. Will the money in economy vaporize? Are there any paper record we could fall back?

[pjc50]

This is pretty much the plot of Goldeneye. A lot of effort will have gone into disaster recovery (tapes in nuclear bunkers etc) but also remember the counterparties have records too.

[gaius]

It would not surprise me if the Bank Of England still kept written ledgers, with a quill, in Latin.

[kensai]

Mr. Robot, is it you?

[flowctrl]

cough Bitcoin! cough

[btown]

Bitcoin won’t save you if the attacking nation state (say, China) can simultaneously nationalize and take over a majority of miners. Power is power no matter how many hoops it needs to jump through.