Bitcoin Forum

The chinese government is going to ban all vendors from doing transactions with BTC. Its already in the works, look it up at google.hk

Also, alot of you people who have this idea. That bitcoins will be used as a medium for transactions throughout the world are very wrong.

FYI- The Internet is about to be broken up, and not interconnected with the world soon.

Alot of you members havent heard about this, and the news media hasnt even talked about it.

But after the NSA spying scandal. All governments throughtout the world are building there own INTERNET system, seperated from the USA internet.

The world wide web will be dismantled in the next.2-3 years, so it will be impossible for BTC to be used
  from country to country.

Each country will control of its own internet. So this dream that BTC will be used for.transactions.everywhere is dead.

Souce-

http://voiceofrussia.com/2013_10_28/BRICS-countries-are-building-a-new-Internet-hidden-from-NSA-7157/

you are saying that internet will be obsolete. You must be kidding me.

Internet wont go anywhere and no one's going to stop people from internet. It is a basic right.

You can go ahead in believe what you want. But I won't be moved by it.

All you said is speculation. There is Speculation section :)
https://bitcointalk.org/index.php?board=57.0

And cutting Internet accessible only within one country would mean huge financial loss for state budgets  ;)

I can't find anything supporting your claim about the Chinese government banning vendors from using BTC, so you'll have to provide a link. Regarding VC laws - their previous ruling on them was targeted toward a centralized VC which was undermining the Yuan (the Chinese gov't recognized the ban would be effective because they could pressure the issuer, which immediately caved). Bitcoin, a global currency, has a much more dire consequence for the USD than the Yuan, which is probably why the Chinese gov't hasn't done much about Bitcoin (bitcoins still trade at a large premium on Chinese markets, so I guess nobody told them about the ban either). Additionally, it's pretty odd that CCTV, which is obviously closely-watched by government officials, will openly talk about Bitcoin if the Chinese gov't has a hostile attitude toward BTC.

On Internet fragmentation - this is plausible, though there's really no reason to cut off trade of data (the real benefit here is to ditch ICANN, which doesn't require simply disconnecting all other "Internets"). It's also very possible for any country to form their own Bitcoin offshoot. There is no reason North Korea, for example, cannot have NKcoin. Maybe this is no good for the price of bitcoins, but it doesn't impede the move toward virtual currencies at all, and bitcoin may remain as a reserve currency whether the country suffers extreme oppression or not.

Woah what a speculation. I can see the possibility of this happening, but the world has several people who will stop such things from happening. This house has two who will make a gateway to russia and sweden if our access to global internet goes away. Though we have not heard of such news in finland, but related to spying we are building more secure networks for the government and companies. If some country refuses use of some currency they are dumb for not just taxing the currency. If I would run some government I would allow crypto currencies and tax them and sell the coins back to people for receiving the fiat currencies or trade the coins for some countrys currency I could get more than my own.

Agreed with Kludge here.

Chinese government would have done something already about it if it was hostile towards BTC.

Internet fragmentation will do no good to the economy of the country. Its actually going to keep the country into dark.

The strong increase in value of the BTC is actually supported by massive investments especially in china. Due to the lack of opportunities as they are common in the western hemisphere a load of Chinese people see BTC as a very attractive capital investment.

Even IF you are absolutely right it doesn't mean we should stop right this moment. According to your "knowledge" we still have 2-3 years...  ;D

And in China BTC is perhaps the strongest.  ;)

If internet goes down, I think Google, facebook and other huge companies need to worry more than us...

Bitcoin will slowly start to become more understood and appreciated overtime. A lot of people are sceptical of it due to it being decentralised and directly traceable. As soon as you tell someone what happened with Silk Road they assume it's sole purpose is to be used as a currency for illegal transactions. Tell that that virgin galactic are accepting it and they think the opposite. I think a lot of people are just confused and don't know what to believe. Now that it has passed the $1000 mark people should start to take it more seriously.

Sounds like something Alex Jones would have ghostwritten for him to sell to the sheep.

if the world will not use bitcoin ,send as many as you like to me then

1GexQrcuZ7KtDUUd6dXM8rw9izbntbxiPex

Yeah, kill the internet, good luck...

There are some countries in South America building there own Internet, and China does have many restrictions but its more of an opt out of the Global internet through distrust of the US.

There might be pockets of disconnection (Bolivia just banned McDonalds!!)

If you are in a banned country you could probably find a way around it... mabye?

Good for Bolivia!

All smart people should ban JUNK food like McDonalds and similar...

Dismantling the internet? What absolute piddle. They gonna ban computers next? Countries building their own Intranet is possible and is talked about, but mass adopting it and completely shutting out the net is ridiculous.The governments who control their own intranets will probably just use it to spy on their own people any way.

People here always see one side of the coin (the positive version of Bitcoin). And want to remain blind for the other side. Everything is possible, just think like a corrupt capitalist for a second.

This has been discussed many times.

It is very unlikely, and in any case there only needs to be one node that is connected to both intranets (ie, based on a mesh network, radio transmitter, modem, satellite, etc) that relays blocks and the P2P network can stay together.

World will not last, but changes itself accordingly.

Internet will not be last, changes itself accordingly.

Governments form regulations for proper usage without disturbing the humanity. that's it every government is looking to bring online.

We should buy more BTC if this could happen. If your country dis connect the internet, you still have chance to live well in other country with enough BTC. Otherwise, you are stuck in that place and you can imagine what's the life like without internet. I don't think such a country will allow you bring a lot of cash or gold through the custom. The only bet is BTC.

LMAO!!!
OP is trolling! Isn't it obvious?!
If the worldwide web would be dismantled, it would mean the downfall of the USA...

Can't say anymore more than B*LLSH*T topic. Delete please. 

Hi all
as you can see I'm FOB here, however there are certain 3 letter agencies who are doing everything in their power to
limit/end our internet freedom, with this in mind, we should tell as many folks as possible about crypto-currencies and use them as much as possible to buy/sale online. safety in numbers... :)

The internet is going to be broken up... What a stupid thing to say.  I would like to give you a high five... in the face... with a chair!

Wow I find this hard to believe. It would kill off trade around the world.

It's happened before (for limited amounts of time) in Egypt, Libya, and Syria, among others, where they simply disconnected from the Internet as we know it and only served/received content nationally.

There's really no reason for the USG to control the Internet like it does, so I don't think there will only be one USG-controlled Internet dominating the world when I die. That's not to say they won't connect to each other, though, but maybe it'll be a much more fragmented, decentralized place (not to be confused with a more free place, however). I guess it'd be called a multi-net?

Sure is lots of [source needed] conspiracy ranting in here... Anyway, I doubt that anyone believes that BTC or any of the alternatives are going to completely replace paper currency for quite awhile yet. The idea is still very much in its infancy. Give it time, governments will try, and fail, to regulate it, then it will slowly begin to be more widely accepted on a grand scale.

the OP of this thread has filled me with laughter  :D

the internet is not gonna.. internet no more.  :D

There is no evidence of what you said occurring. I took a search myself on google.hk and could not find any news even remotely relevant to what you claimed is happening.

I think it is just FUD, but I already read about the google.hk Chinese ban from OP here  :) :

How about you research a bit about this magical internet?
There are roughly 50+ cables , some of them coming out of the sea on popular beaches , unprotected, that support more than 2/3 of the total internet trafic.
Cut those , and you're gonna cry waiting hours for the google webpage to load  if ever.

is the OP basically saying that the internet will outernet?

LOL you neither can't stop Internet or Bitcoin.

The world will use Bitcoin. Deal with it.

Sorry if you don't have enough money to buy a Bitcoin.

What, really?

Edit: http://www.dailymail.co.uk/home/moslive/article-1196775/Web-trouble-The-hidden-cables-Cornish-beach-feeding-worlds-internet.html

Geeze, this is incredible.

Why haven't these been terrorised yet haha? There'd be a good film in this. *In cliché movie voice* Imagine a world with no internet.....

Every major government already has "kill switches" for the public internet within their territory established in the name of emergency planning.  In addition, it is hard to believe that SHA-256 is not completely compromised in all respects by at least one three letter agency -- that could poison the system at any time they chose.  It's important to remember that while BTC may be incredibly useful and has/may continue to provide amazing returns -- its durability in the case of emergency or geopolitical turmoil is open to question.  I don't think OP was trolling.

That said, go BTC go!

Because until now there hasn't been a moron with the appropriate tools who wanted to damage them ...
If we speak about a country wanting to cut them....
It will take only two medium class warships to take all the cables between America (continent) and Europe in less than 12 hours.
Also , all the submarine cables than go to South and Central America run through the US.

Most of the new Internet infrastructure being built in countries around the world in response to the NSA is being built to prevent *DOMESTIC* traffic (ie, within that nation) from going over national borders (and usually to the USA which has the most Internet infrastructure deployed.)

In fact I heard the other day that England passed a law forbidding the routing of its domestic Internet traffic via international lines.  Of course if an Englishman wants to access a Peruvian site, the traffic is going to be routed internationally (and probably through the US where the NSA can sniff it).

Well its soone to be, a disconected internet, with already country's making there ''own'' internet. But yeah can you blame em, with al the spying and hacking done over it, internet just isnt safe if you got valueble things at it.

I believe a country based internet for factories and running the goverment, and a global internet for world communication is coming.

Geeze, for some reason I find this both terrifying and exhilarating. Sounds like armageddon. There would definitely be a good film idea in this.

Edit, Not the film Armageddon lol.

Sure, and at the same time recomended for secure use by themselves, so anyone can compromise their systems anytime, brilliant !

http://www.theguardian.com/world/2011/apr/06/georgian-woman-cuts-web-access
Get 100 of them , and you have your Armageddon  :0

Because a massively funded government agency that recruits top talent and has access to unpublished institutional research is exactly what we mean when we say 'anyone'.   ::)   Either way, after Snowden it seems apparent their focus on offensive capabilities had been so great recently that their own security protocols can hardly be used as exemplar.

Wasn't the NSA responsible for a big partial outage a while ago when they cut some fiber optics trunk to install some sort of packet sniffing device on it?

Told you guys -

http://www.zerohedge.com/news/2013-12-05/bitcoin-tumbles-after-china-central-bank-bans-financial-companies-using-digital-curr

Actually you were dead wrong.
The only thing they didn't ban are vendors.