The concern was that modern computer chips used in all sorts of machinery might include a date-recognition code that could cause it to stop working. As it turned out, problems of this sort are very rare. Many concerned about Y2K were most concerned about panic. Panic, they say, is more likely than computer glitches to cause bank runs, food hoarding and even riots. Today, while it's still a concern, it seems unlikely that people could panic over something that's been discussed over and over again for so long.
Some people even say the media is paying too much attention to it.
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