Internet giant Google was down for about an hour on Monday. From Gmail and Google Calendar, to YouTube and even Google’s two-factor authentication, multiple services went offline. This outage was witnessed in countries such as the US, UK, Asia, Russia, and across Europe.
Later in the same night, Google said that its services have been largely restored, citing an “internal storage quota issue”, without offering further details.
Outages occur quite regularly on internet service providers and social media platforms. And Google’s service disruption this time took the discussion on social media platforms still functioning.
Centralized networks can suffer a single point of failure, which is a fundamental argument for decentralized networks such as Bitcoin and Ethereum blockchain. On Monday’s Google outage, Crypto Twitter was fast to react.
Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini, tweeted “Meanwhile, #Bitcoin is fully functioning.”
(Note: According to research data, Bitcoin has gone down just twice in its history, in 2010 and 2013 respectively.)
Riccardo Spagni, Monero’s former lead maintainer, also tweeted, “Bitcoin fixes this.”
However, other users pointed out that the outage could have affected users’ crypto holdings on centralized exchanges using two-factor authentication (2FA) systems. Users may not be able to access the services and their funds, highlighting the drawback of centralized exchanges.