The Y2K problem : A global threat or a business opportunity?
It is a couple of minutes before the midnight on 31st of December 1999. A huge mob of people is standing on the Times Square in New York. Many of them are drunk, everyone is happy, everyone is singing and dancing. Dressed up, in good mood, the people are waiting for the year 2000. Then the last minute of the year shows up on the large clock. People start to countdown – 10, 9, 8, 7, 6, 5, 4, 3, 2, 1… Suddenly, the electricity collapses. There's dark all around. People start to panic. Fear and chaos starts to spread all along the East coast. As the time goes on, disorder and confusion rules in the whole United States, in the whole World.
This was one of numerous apocalyptic visions of the New Year's day. As the idea of the Y2K problemfirst appeared, these visions were more common and more often to see in the newspapers, magazines and TV shows. The millenium bug was never officially discovered and described. It just showed up as a hypothetical thing. Then the tests begun.Almost nobody paid attention to it that time. First in the 90`s it has become a proclaimed threat. Big businesses, governments, armies, but also households and small shops has started to worry. The Y2K has become a symbol of upcoming electronic chaos.
The millenium problem definitions vary from one to another. The very basic refers to older computers who used two-digit convention to represent the year. According to MITRE Y2K Team this showed to be a real problem in the late 60`s, when the IBM 360 had difficulties in handling of the dates past 31st of December 1969, so they started collapsing after midnight local time. The other day IBM recommend to set a different date to fool the computers temporarily (Frederickson, J. 1999). This problem was accidentally caused by the constructors and programmers of microchips, computers and software, because they have used the two-digits to repre…

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