Instagram And Facebook Went Down As BTC Advocates Shoot Their Shot

Instagram and Facebook went down for hours yesterday suffering severe outages which is only a prime weakness of centralized services as the crypto enthusiasts noted so let’s read more in our latest cryptocurrency news today.

Instagram and Facebook went down and took Whatsapp and Messenger along for a few hours. The advocates of blockchain technology and crypto are calling for new decentralized alternatives. Facebook and related services went down for hours with the social media giant citing “networking issues” behind the outages. The reports suggested that the outages were tied to DNS issues with Brian Krebs, a cybersecurity reporter writing that DNS records were withdrawn this morning from the global routing tables. Other reports also showed that Facebook tried to manually restart the servers and that employees were not able to enter buildings due to the service disruption. Services are starting to come back online but it could take hours before everything is restored as it was.

and it has better uptime https://t.co/Kelan8VxxN

— Jameson Lopp (@lopp) October 4, 2021

This is one of the worst and biggest outages for Facebook to date and affected the social network’s 2.89 billion users as well as those that use their related services. In 2019, Facebook weathered a 14-hour outage while the outage back in 2008 only affected 150 million users and laster for about a day. For the advocates of blockchain and decentralized networks, the outage today is the latest prominent example of how centralized systems can fail on a huge scale. Blockchain offers a potential alternative to these centralized models with the distributed user-run networks that lack points of failure and are censorship-resistant to boot.

Bitcoin enthusiasts and blockchain builders used the occasion to prod the centralized systems of Facebook which remained online amidst Facebook’s issues. CEO Matthew Gould of Unstoppable Domains said:

“Today’s total collapse of Facebook and Instagram, among other apps, illustrates the problem with centralization. On the decentralized web, or Web 3.0, it would make it easier for users to port their data and contacts over to other services, as they wouldn’t be dependent on Facebook or a Facebook login to contact their friends and family or use their favorite apps.”

god it's so funny though

— alex hern (@alexhern) October 4, 2021

The digital rights advocacy group Access now tweeted:

“While this appears to be DNS-related, it should remind everyone why we need a more open, decentralized, and inclusive internet—free from disruptions and with strong defenses. Globally, many people experience the devastating effects of internet shutdowns first-hand.”

In the meantime, many BTC Fans are revealing in the realization that the number one cryptocurrency now has a larger market cap than Facebook due to the sinking stock price. Bitcoin’s market cap sits around $925 billion as of the time of writing while Facebook’s cap is under $2920 billion with the stock crashing 5% on the day.