What is the 2038 bug? Is my system affected? How do I fix this issue?

Saturday, January 19th 2008, will mark the 30 year countdown to the Y2K38 wraparound of regular 32-bit UNIX time. UNIX internal time is stored in a data structure using a long int, containing the number of seconds since 1970. On a 32-bit machine this value is sufficient to store time up to the 18th of January 2038. After this date 32-bit clocks will overflow and return false values.

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