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"And if you change the strength and/or direction of a magnetic field that passes through a loop or coil of wire, that changing magnetic field will induce an electric current.
I’ll say that again: if you have a loop or coil of wire where the magnetic field changes inside, it will create an induced electric current. Humanity knew about this law well prior to the Carrington event; Faraday discovered it back in 1831. But the world has changed an awful lot since Carrington’s day, as power grids, power stations and substations, power transport infrastructure, and even residential, commercial, and industrial electronics are all full of loops and coils of wire. The induced currents, if we were to experience a Carrington-like event today, would literally be astronomical"
That day, futures for electrical equipment of all sorts will be up.
And cryptos that day? Should we keep paper printouts of our coins, or will they be worth anything after that day? I will be looking into that, maybe assistance required.
