{"id":11674,"date":"2021-10-05T15:38:58","date_gmt":"2021-10-05T14:38:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11674"},"modified":"2021-10-05T15:39:05","modified_gmt":"2021-10-05T14:39:05","slug":"facebook-went-down-for-hours","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/facebook-went-down-for-hours\/","title":{"rendered":"Bitcoin advocates call for a decentralized alternative as Facebook, Instagram went down for hours"},"content":{"rendered":"\n
Facebook and its major services including Messenger, WhatsApp and Instagram went offline for hours. Blockchain advocates<\/a> see this as the weaknesses of a centralized service hence calling for a decentralized alternative.<\/h5>\n\n\n\n
\"Bitcoin<\/figure><\/div>\n\n\n\n

Facebook and linked services such as Instagram, WhatsApp, Messenger, and Oculus were offline for many hours today, with the social media giant\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> blaming the outages on “networking difficulties.”<\/p>\n\n\n\n

According to reports, the disruptions were caused by DNS difficulties. According to cybersecurity reporter Brian Krebs, DNS entries were \u201cwithdrawn this morning from the global routing tables.\u201d<\/p>\n\n\n\n

According to some sources, Facebook attempted to restart servers manually, and employees were unable to access buildings owing to widespread service outages.<\/p>\n\n\n\n

According to The Verge, services are only now starting to come back online, and global access<\/a> to all of Facebook's apps might take hours.<\/p>\n\n\n\n

It's one of Facebook's worst outages to history, affecting its 2.89 billion global users as well as those who use its linked services. In 2019, Facebook experienced a 14-hour outage, compared to a one-day outage in 2008, when the service had only 150 million users.<\/p>\n\n\n\n

Today's outage is the latest famous example of how centralized systems may collapse on a vast scale, according to proponents of blockchain and decentralized networks.<\/p>\n\n\n\n

With decentralised, user-run networks that lack a single point of failure and are censorship-resistant to boot, blockchain provides a potential alternative to such centralized structures<\/a>.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Blockchain developers, Bitcoin fans, and decentralization proponents have taken to Twitter and emailed statements to criticize Facebook and centralized (or “Web2”) services.<\/p>\n\n\n\n

“The utter collapse of Facebook and Instagram<\/a>, among other apps, today exemplifies the problem with centralization,\u201d said Matthew Gould, founder and CEO of Unstoppable Domains, via email.<\/p>\n\n\n\n

\u201cUsers would be able to migrate their data and contacts to other services on the decentralized web, or Web 3.0, because they wouldn't be reliant on Facebook or a Facebook login to contact friends and family or utilize their favourite apps.”<\/p><\/blockquote>\n\n\n\n

While this appears to be DNS-related, it should serve as a reminder to everyone why we need a more open, decentralized, and inclusive internet-free of disruptions and with robust defences,\u201d said Access Now, a digital rights advocacy group. \u201cMany individuals around the world have firsthand experience with the terrible effects of internet outages.\u201d<\/p>\n\n\n\n

Meanwhile, many Bitcoin supporters are celebrating the fact that, because of its falling stock price, the dominant cryptocurrency now has a greater market cap than Facebook. <\/p>\n\n\n\n

As of this writing, Bitcoin's market capitalization is approximately $925 billion, while Facebook's is just under $920 billion, with its stock price down nearly 5% on the day.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Not only is Bitcoin currently worth more than Facebook in aggregate, but it also has \u201cbetter uptime,\u201d according to Jameson Lopp, co-founder and Chief Technical Officer of Bitcoin security firm Casa and a vocal Bitcoin maximalist<\/a>.<\/p>\n\n\n\n

Decentralized social networks, such as Mastodon and Minds, are a prominent issue in the blockchain world, with millions of users compared to substantially bigger centralized systems like Facebook and Twitter.<\/p>\n\n\n\n

Meanwhile, Aave, a decentralized finance (DeFi) platform, is developing an Ethereum-based Twitter competitor that is expected to emerge this year.<\/p>\n\n\n\n

Even Twitter sees potential in the space: the company is supporting a \u201cBlue Sky\u201d team tasked with creating a decentralized social media system, and CEO Jack Dorsey<\/a> is one of the most vocal Bitcoin supporters. Twitter just included Bitcoin tipping and will soon allow Ethereum-based NFT holders to validate their profile images under his leadership.<\/p>\n","protected":false},"excerpt":{"rendered":"

Facebook and its major services including Messenger, WhatsApp and Instagram went offline for hours. Blockchain advocates see this as the weaknesses of a centralized service hence calling for a decentralized alternative. Facebook and linked services such as Instagram, WhatsApp, Messenger, and Oculus were offline for many hours today, with the social media giant blaming the […]<\/p>\n","protected":false},"author":12,"featured_media":11677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,9],"tags":[152,175,4901,4902],"class_list":["post-11674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-tech","tag-bitcoin","tag-facebook","tag-instagram","tag-whatsapp"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/Bitcoin-advocates-call-for-a-decentralized-alternative-as-Facebook-Instagram-went-down-for-hours.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11674"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11677"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}