faridkifly
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December 20, 2015, 02:51:43 AM |
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i guess that bitcoin to be down, even bankruptcy. because all of bitcoin transaction is require internet connection
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Farma
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December 20, 2015, 03:12:32 AM |
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I guess when the internet goes down, bitcoin also down because of the Internet and bitcoin such as tea and sugar
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Rizky Aditya
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December 20, 2015, 03:24:51 AM |
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Of the internet ever does go down, we will have to go back to good old fiat. Bitcoin and fiat will always be in the world.
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Amph
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December 20, 2015, 09:49:05 AM |
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then it wouldnt be good for bitcoin in my opinion if internet would go down we wouldnt be able to use bitcoins what would mean the death of it, people would have to wait for another internet or wait for the same one to be fixed what would take a lot of time
what if you convert Bitcoin to physical coins and use it and how do you do it if there is no internet? only a feature that can let you spend bitcoin offline cna resolve this issue if it will ever happen in your life
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robelneo
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December 20, 2015, 06:58:15 PM |
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It could happen but only a global or world war can make that happen but if there are no world war i don't think the internet could go down but in the worst scenario it could be the end for bitcoin the life of the bitcoins depends so much on the power of the internet they are inter connected
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jt byte
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December 20, 2015, 07:11:39 PM |
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If the internet goes down, we will have some bigger problems...
But yes the good thing of bitcoin is the network can sustain even with a few nodes (however this is quite dangerous). In a way it is worrying, but in another way it is terrifying since some bogus party's could do a 51% attack.
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lion332
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December 20, 2015, 07:22:46 PM |
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i wish it will not be materialize if there is a problem with internet and resulting in we will not use internet ,it is big problem really, not for only Bitcoin for everyting for every aconomic system are demage about this God bless the Internet!
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Decoded
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give me your cryptos
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December 20, 2015, 11:35:19 PM |
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Bitcoin will take a huge hit, but it will still retain some value. It will revert to its offline form, where people trade off-chain. It will be extremely hard though. This is one side of the blockchain.
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looking for a signature campaign, dm me for that
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delliaerd
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December 21, 2015, 11:20:09 PM |
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I think if internet goes down bitcoin will be decrease the value. We can't use bitcoin anymore
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lumeire
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December 22, 2015, 06:11:12 AM |
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I think if internet goes down bitcoin will be decrease the value. We can't use bitcoin anymore
Well frankly there wouldn't be a decrease in value since if that happens bitcoin would have no value at all.
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ajun96
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December 22, 2015, 06:25:20 AM |
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i guess that bitcoin to be down, even bankruptcy. because all of bitcoin transaction is require internet connection yeah i think so, for now bitcoin is still dependent on an internet connection to the transaction, how to fix to be used while offline?
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steveds
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December 22, 2015, 06:29:21 AM |
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I think if internet goes down bitcoin will be decrease the value. We can't use bitcoin anymore
Well frankly there wouldn't be a decrease in value since if that happens bitcoin would have no value at all. I guess there are ways to run the software still, maybe satellite connections and satellite miners ? the price would be a trillion dollars per bitcoin then ..lol
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traderbit
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December 22, 2015, 07:00:41 AM |
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Bitcoin may be alive but very limited and not anymore decentralized If i were the OP i would change the sentence order like this: "What happens to internet if bitcoin goes down"
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harrymmmm
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December 22, 2015, 09:26:59 AM |
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If the Internet goes down, the Amish community will be the only ones going about life as usual perhaps trading bitcoins using paper wallets? One paper wallet some guy handed out might be valuable, but the other 999 he gave out would be double spends when the blockchain came back online.
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harrymmmm
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December 22, 2015, 09:30:11 AM |
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I think if internet goes down bitcoin will be decrease the value. We can't use bitcoin anymore
Ok, I'll be capt. obvious. If there is no internet, the exchanges wouldn't work too well, so there's no price discovery which means there would be no change in bitcoin value either way. Best described as not up, not down, just undefined.
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Altynbekova
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December 22, 2015, 09:35:50 AM |
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Nothing will happen. The market of bitcoin will just stop as soon as the internet goes down. When that happens we got bigger things to worry about then money, so there won't be any time to panic about bitcoin
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yoona
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Live by your own rules
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December 22, 2015, 08:11:05 PM |
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given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is what happens to Bitcoin if internet goes down?
home internet and mobile internet goes down
do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away
bitcoin without the internet would not be alive, there will be no confirmation, and there will be no deal, that's why bitcoin also called internet money, but we will never know what will happen if this is really the case, it could be scientists created bitcoin transactions without the internet.
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Hannu
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December 22, 2015, 08:58:41 PM |
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Hope Russia dosent attack!
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newcoins1978
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December 22, 2015, 09:43:11 PM |
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No Internet, no bitcoin, no transactions.
I think it will not happen on this scale (globally) but a country without internet could be possible some day.
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ausbit
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January 01, 2016, 08:48:08 PM |
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Well we will not longer be able to trade in Bitcoin although if the internet completely went down then we are in for a storm of problems.
It might be the biggest problems for the Bitcoins lovers, if the internet goes down, but it will sure not happen because now the whole world is using internet for various activities and services. If the internet will go down then it will effect the whole lot of services running through the internet.
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