San Francisco Blackout Reveals Crypto’s Dependence on Power Infrastructure
A massive power outage hit San Francisco on Saturday afternoon, leaving 130,000 homes and businesses without electricity. The incident forced residents to face technology’s fundamental vulnerabilities. Caused by a fire at a PG&E substation, the blackout cut off access to digital wallets and cryptocurrency exchanges for thousands of users.
The event highlights how, despite the resilience of decentralized blockchain networks, practical crypto usability still relies on local electricity and internet infrastructure.
The outage began at 1:09 pm, affecting about one-third of PG&E customers in San Francisco. The disruption focused on the Richmond District…
