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Title: bitcoin-opalypse Post by: superduh on April 03, 2013, 04:47:01 AM so..
thought long and hard about what would really screw things up.. 1) mtgox issues.. if this happens prices will drop 90%+ 2) BFL doesn't deliver and a scam would also cause prices to go down a bit that's all i can think of.. any other doomsday ideas? Title: Re: bitcoin-opalypse Post by: bbit on April 03, 2013, 04:58:22 AM so.. thought long and hard about what would really screw things up.. 1) mtgox issues.. if this happens prices will drop 90%+ 2) BFL doesn't deliver and a scam would also cause prices to go down a bit that's all i can think of.. any other doomsday ideas? I wonder what the price would be if the internet went down for awhile then we all pop back on stay the same? crash panic? Title: Re: bitcoin-opalypse Post by: superduh on April 03, 2013, 05:11:52 AM Id be pissed cause id get cut off from the porn..
Title: Re: bitcoin-opalypse Post by: Elwar on April 03, 2013, 05:17:54 AM Id be pissed cause id get cut off from the porn.. I believe this would be the biggest problem. Lock up your women if this unthinkable tragedy ever occurs. Title: Re: bitcoin-opalypse Post by: GGGGG on April 03, 2013, 05:25:46 AM 2) BFL doesn't deliver and a scam would also cause prices to go down a bit Why does everyone assume the price would drop if BFL turns out to be a scam? What if all the people with BFL orders in suddenly realize that they aren't gonna be mining after all, and then decide to buy up more BTC? I have no idea what would happen, but I could see it going either way. Title: Re: bitcoin-opalypse Post by: BTCisthefuture on April 03, 2013, 05:34:06 AM so.. thought long and hard about what would really screw things up.. 1) mtgox issues.. if this happens prices will drop 90%+ 2) BFL doesn't deliver and a scam would also cause prices to go down a bit that's all i can think of.. any other doomsday ideas? I wonder what the price would be if the internet went down for awhile then we all pop back on stay the same? crash panic? Wow. If the internet went down for a while, my biggest concern would be: What in the hell took the entire internet out for a while? I can't find the link but I read a good article recently about how the internet could go out. in summary if there was a convential war some country(ies) could bomb/blow up certain pipes underground and it would effectively cut the internet off. Title: Re: bitcoin-opalypse Post by: Mike Christ on April 03, 2013, 05:42:42 AM I can't find the link but I read a good article recently about how the internet could go out. in summary if there was a convential war some country(ies) could bomb/blow up certain pipes underground and it would effectively cut the internet off. NO NOT THE INTERNET :o TAKE MY WIFE AND KIDS, ANYTHING BUT THAT Title: Re: bitcoin-opalypse Post by: reg on April 03, 2013, 07:36:21 AM I can't find the link but I read a good article recently about how the internet could go out. in summary if there was a convential war some country(ies) could bomb/blow up certain pipes underground and it would effectively cut the internet off.
to stop the internet now would involve the complete destruction of every electronic device. so back to the middle ages or 1)supervolcano (overdue) meteor or comet (50-250 yrs)E.L.E. not even all out nuclear war would destroy btc because of shelters. thats it I think. reg Title: Re: bitcoin-opalypse Post by: dg2010 on April 03, 2013, 07:44:54 AM I can't find the link but I read a good article recently about how the internet could go out. in summary if there was a convential war some country(ies) could bomb/blow up certain pipes underground and it would effectively cut the internet off. to stop the internet now would involve the complete destruction of every electronic device. so back to the middle ages or 1)supervolcano (overdue) meteor or comet (50-250 yrs)E.L.E. not even all out nuclear war would destroy btc because of shelters. thats it I think. reg If we consider the internet to be GLOBAL communication system, then yes it's possible to break it, at least where you no longer have a global communications system. We rely on a small number of underground cables and a small number of central internet exchanges. It would in theory be possible to create widespread disruption without the need for a global catastrophe. Title: Re: Bitcoin Apocalypse Post by: whiskers75 on April 03, 2013, 03:54:21 PM Let me correct spelling/capitalization/grammar:
Quote from: Bitcoin Apocalypse So... Thought long and hard about what would really screw things up with Bitcoins, and the issues are: 1) MtGox issues.. If these happen, prices will drop by 90%+ 2) BFL doesn't deliver, causing scammed users to make prices to go down a bit That's all i can think of.. any other doomsday ideas? |