What would happen if Bitcoin went offline for good tomorrow?

[Trance]

Discuss!

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[RGBKey]

173AgCwE1isTuUzDTp6qPkEdhwqWP2v1xy

If Bitcoin went offline for good, I'm assuming that means nobody can make an active connection to the p2p network.
The first thing to happen would be anybody that has coins in exchanges would be selling them as fast as they could. Coinbase would probably stop allowing selling, and I would wager that other exchanges would freeze trading also. Other than that, not much would happen because nobody would be able to transfer any more coins. There would be a lot of panic.

[--Encrypted--]

I don't know.
I'm more interested in how this can happen. as I understand, bitcoin will only go "offline" when everyone turned off or unable to connect their nodes to the network.

19VgtnLJZWMm24hEKBDtL8BjsgoMm2WfPk

[frenulum]

1GmFifoGvsCervwcGhXbBiAHvthWtwKVpo

A lot of people would lose a lot of money and freak out. Litecoin would go all bully.

[neochiny]

hmmm.. if bitcoin went offline for good tomorrow, a lot of dollars will be wasted and
a lot of people will be mad and argue about it. and im thinking about when it will be for good(i hope not),
this will be really sad and disappointing its a large lost in each community especially now when
almost every country now have bitcoins.
 
P.S by the way,, is for instance what will be the cause of it?

1GR2NqWMgFS5iH4wmK3nifS4uhweDk5SYp

[adamstgBit]

18dPhZwtAgVfJ9UfCeHjiSH29XUoNHW66P

someone would launch Bitcoin 0.12.0, with the most recent blockchain available, and keep mining.

[ericfrnz]

CON: a lot of people would be angry
PRO:a lot of nerds would leave their houses.

[boliu]

15Cb6nyDqRFCcxGiHs5EYfvCvABsiXtQwQ

Sell like crazy

[lorylore]

There are many things that are simply worst and we can not get a refund.
Bitcoin doesn't have office, we don't know the owner, we don't know maybe the developers.
We just can't do anything, and a new coin maybe will be released Lite Bitcoin lol

18SvViXzBoKURr9FPecVjYGvFjZZeZiPAg

[SmartIphone]

I will Go to a swimming pool and try to jump as high as i can and screaming "Bitcoin is dead" - 1DnJ4rzDpSG5GJsXNyXE7f17rky8wc1RLT

[Lauda]

I think that there's a issue within the thread title. What do you mean by 'for good'? In what scenario would that be good? Only if Bitcoin was taken over by some government agency (not possible due to the decentralized and trustless nature of the already established protocol), then it might be 'for good'.

someone would launch Bitcoin 0.12.0, with the most recent blockchain available, and keep mining.

I concur. Even if everything went down, I would use a older (tested and working) version of Bitcoin and run it (at least for my own amusement).

[myveryown]

something new would spring up

1HyogW2xUoohACk5cNvi78XRBb8f3ckBWG

[--Encrypted--]

15Cb6nyDqRFCcxGiHs5EYfvCvABsiXtQwQ

Sell like crazy

offline = no transaction can be made.
how would you sell them if you can't even send the bitcoins?

[boliu]

15Cb6nyDqRFCcxGiHs5EYfvCvABsiXtQwQ

Sell like crazy

offline = no transaction can be made.
how would you sell them if you can't even send the bitcoins?

I was Referring to the BTC I have on Cryptsy and Coinbase

[menoiazei]

1FaF6hWKqNvNWbNXNa34LGfDseCGEmar3K

same thing happened before there was BTC

[adamstgBit]

15Cb6nyDqRFCcxGiHs5EYfvCvABsiXtQwQ

Sell like crazy

offline = no transaction can be made.
how would you sell them if you can't even send the bitcoins?

I was Referring to the BTC I have on Cryptsy and Coinbase

if somehow  "Bitcoin went offline for good tomorrow" ( i don't think this is actually possible but lets pretend ) price would be 0 a few minutes before the system went down.

[victoryboy]

Well if Bitcoin goes offline for good then how will you donate us ? First off this is not going to happen and if happens somehow then we all lost investment thats all.

[unusualfacts30]

15HSpxiHqnAJitLAEwdsALJnsHgHcV5KuR


If it goes offline there will be chaos and twitter will explode...ltc might start see huge pump

[Hugroll]

if bitcoin just disappeared tommorow, first I'd convert all my btc to fiat today. and you can probably expect tons of angry mobs tommorow.

[RustyNomad]

3E3Xx4mUYokAXe52bqwvMWMbBDp31iKXVc

Well for starters I will be very disappointed or sad as that would mean that I will have to deal with my bank again for anything financial.

This would mean waiting ages to send and or receive international transfers and worse having to wait until 9:30 in the morning before any of the branches are open so I can do these kind of transfers because they are so anal that I can only do these up to a certain amount with internet banking.

So essentially, without bitcoin I'll be back to the 'dark ages' in so far as my financial transactions are concerned.