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Author Topic: 5G positive effects on Bitcoin  (Read 601 times)
Bravut (OP)
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March 01, 2024, 11:21:12 PM
 #21

(1, 2, 3)

It seems OP is misunderstanding the operating principles of bitcoin and 5G. Other members have fully pointed out your mistakes for you, but still want to return to the title and talk about the indirect influence from technological development.

The stronger the technological development, the more we benefit from the use of tools, in another aspect of economic development and technological development (the relationship exists). But in my understanding, it is the growth in the scale of user usage when exposed to information, has financial capacity,... like an invisible link that we benefit from the general development in society. But that's clearly not the way the OP is labeling network technology with bitcoin.

Alright.
I appreciate everyone contribution to this topic and your enlightenment. I have learnt a lot from you guys.
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March 01, 2024, 11:31:30 PM
 #22

5G doesn't have big effect on bitcoin technology i don't think there's correlation between them, it's the internet itself that becoming available all over the globe has the huge effect reaching more and more people to enter the space. 4G has the same thing, 5G is just faster nothing more nothing less.

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March 01, 2024, 11:46:12 PM
 #23

Maybe because the speed during daily internet activities is juxtaposed with 4G or bandwidth before that is faster in a day so that it is familiarized by this, sending bitcoin is not like sending a message or file with the help of a provider, meaning that as long as there is sufficient internet connection (not speed) and the block to be confirmed is not too dense it should be faster than the other way around. THIS blockchain masterpiece is called the transaction of the future, because the fee is taken from the cryptocurrency itself to encourage transactions until this node runs well. While any provider is only a liaison and supporter for tx. But if you have a 5G connection it is very good to support your needs, because device 5G around on my district me is not all evenly distributed, and still using the old phonecell.


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March 01, 2024, 11:52:45 PM
 #24

5G doesn't have big effect on bitcoin technology i don't think there's correlation between them, it's the internet itself that becoming available all over the globe has the huge effect reaching more and more people to enter the space. 4G has the same thing, 5G is just faster nothing more nothing less.

Makes sense. 5G is speedy, no doubt, but it doesn't shake up Bitcoin tech that much. The real game-changer for crypto is the internet going everywhere. Whether it's 4G or 5G, it's more about having the internet widely available that gets more folks into the crypto scene. Bitcoin does its thing on existing internet setups and while 5G adds some oomph, the key is making crypto accessible to everyone through good ol' internet expansion

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April 23, 2025, 09:38:27 AM
 #25

5G doesn't have big effect on bitcoin technology i don't think there's correlation between them, it's the internet itself that becoming available all over the globe has the huge effect reaching more and more people to enter the space. 4G has the same thing, 5G is just faster nothing more nothing less.

Makes sense. 5G is speedy, no doubt, but it doesn't shake up Bitcoin tech that much. The real game-changer for crypto is the internet going everywhere. Whether it's 4G or 5G, it's more about having the internet widely available that gets more folks into the crypto scene. Bitcoin does its thing on existing internet setups and while 5G adds some oomph, the key is making crypto accessible to everyone through good ol' internet expansion

Agreed.

The Internet is becoming widely adopted to the places it never was previously is great for everybody involved - more people reading and knowing more, and eventually having an interest in crypto in BTC too.

And it doesn't affect the blocks or anything else..

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April 23, 2025, 07:58:03 PM
 #26

Agreed.

The Internet is becoming widely adopted to the places it never was previously is great for everybody involved - more people reading and knowing more, and eventually having an interest in crypto in BTC too.

And it doesn't affect the blocks or anything else..


With ordinary 3G network, Bitcoin will work normal because the download and upload speed  is fair enough to sync whatever you want to download from any node, the 4G, 5G or higher generation we have can only make the synchronization of nodes faster, other than that there is nothing new on the internet that will affect Bitcoin unless for users that are using all sort of softwares with internet on their device else you don't need all of that to use Bitcoin.

I love to see internet speed to a level where we don't need to wait for pages to load before we used them, I mean just touch your phone the page will slide like a piece of paper or something like pdf using a slider mode, the internet will be cool but mining difficultly will remain the way it's, if the average time is 10 minutes to complete block confirmation, that's the time it will use to confirm transaction and then sent back to nodes for record, internet doesn't have any interference here.

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