spazzdla
Legendary
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Activity: 1722
Merit: 1000
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March 23, 2016, 06:02:51 PM |
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who cares, there will be riots people starving mass deaths.. bitcoin and fiat will be the last of your problems.
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Whoever mines the block which ends up containing your transaction will get its fee.
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ronaldinho_07
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March 24, 2016, 02:10:28 PM |
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Well with a war happening ont the begining of such stage,i believe some people would die before the war even start,some had invested all economies at it,imagine you wont be able to get it or to the bitcoin get hacked since the hash would be providind the huge protection as before,soo if internert returns it would be a hit and a depply hit into bitcoin .
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neonshium
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March 24, 2016, 02:29:23 PM |
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Bitcoin relies on the internet, and the power of computers around the world to power the transactions and iner-workings of the BTC. If the internet "goes down", there will be nothing left to power the whole BTC process, causing it to breakdown.
You are right. But the chances for entire Internet goes into off-line is zero. Because Internet is not running from one single computer. Power shutdown is not possible for all over the world so internet will stay alive in some part of the world.
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hasiramasenju
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Activity: 980
Merit: 1000
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March 24, 2016, 02:37:21 PM |
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if internet goes down that mean bitcoin will down too and useless because i didn't see other way how to use bitcoin without internet connections and i thought this is terrible things because we can't access internet and can't do anything to solve these situations
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rienelber
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March 24, 2016, 02:39:30 PM |
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If the internet goes down, bitcoin is the last thing the whole world would be thinking about. It would be total chaos!
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adibe
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March 24, 2016, 02:43:25 PM |
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If the internet goes down, bitcoin is the last thing the whole world would be thinking about. It would be total chaos!
Actually you are right, if the internet goes down. The new era will begin without internet. i don't know what will happen on that day if the internet goes down. and bitcoin's life is because internet though.
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SuperCoinGuy
Full Member
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Activity: 224
Merit: 100
Defender of Bitcoin
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March 24, 2016, 02:52:50 PM |
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Bitcoin is dependent on electricity, computing power and Internet network. If something out of these fails we are back to exchanging cash
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sachung
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March 24, 2016, 03:06:31 PM |
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Bitcoin relies on the internet, and the power of computers around the world to power the transactions and iner-workings of the BTC. If the internet "goes down", there will be nothing left to power the whole BTC process, causing it to breakdown.
Agreed, Bitcoin and the internet overall are so linked that it's hard to imagine bitcoin continuing effectively without internet, it would be golden for paper money and gold in general since they would become the only universally accepted currencies.
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g4vinshreds
Full Member
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Activity: 223
Merit: 101
Trader
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March 24, 2016, 03:08:09 PM |
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While it will probably never happen . I think pretty much everything would be chaos, bitcoin would of course be dead until everything was working properly again.
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David Rabahy
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March 24, 2016, 03:13:04 PM |
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Use your brain or get out a piece of paper and track your transactions offline until the Internet comes back (or is replaced) and then catch up.
A much more likely scenario is a partition where the Internet is separated into two or more pieces that can't reach each other, e.g. Chinese firewall, etc. Both sides will continue to produce blocks, i.e. a hard fork. The difficulty will drop on both sides. If/when the they can reach other the "longer" chain will win and the "shorter" one will be orphaned (this is likely to make some folks unhappy).
This is easily tested; just disconnect a mining node from the network and watch how it behaves. The difficulty is probably so high that it won't produce a viable block for ages but eventually it will and eventually it will reach the point where it can reduce the difficulty back down to where it will produce blocks on average every 10 minutes. It will be very far behind the rest of the network when it is reconnected and all the work it did will be orphaned.
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AliceWonderMiscreations
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March 24, 2016, 03:14:09 PM |
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With no internet...what happens to porn?
I believe that is the more crucial question.
You are scaring me.
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I hereby reserve the right to sometimes be wrong
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richmcrich
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March 24, 2016, 03:47:42 PM |
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it won't be usable IMO, bitcoin is so much based on the internet that it won't work without it IMO, however since that would mean the world has flipped upside down then it won't be the main issue if internet is for some reason "got broken".
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simonloff
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March 24, 2016, 03:59:05 PM |
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The internet going down is very unlikely at the current time IMO, there aren't as many bugs and abuse-able weaknesses now and I don't think the internet servers can be damaged currently.
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sachung
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March 24, 2016, 04:00:44 PM |
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With no internet...what happens to porn?
I believe that is the more crucial question.
That's the more crucial question for sure, That would take one of the basic and essential needs for a human being and people might *ehm* need to use magazines
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martinacar
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March 24, 2016, 04:02:03 PM |
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Its difficult to say but most likely the bitcoin will get destroyed if this happen, in fact its of course also depending for how long. If its just for a short period it would not be a big problem in my eyes, if it will be on a long term the bitcoin will get destroyed without any doubts.
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maudevang
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March 24, 2016, 04:24:57 PM |
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It would not be a good thing that is for sure. Bitcoin is completely dependent on the internet and the people using the internet. If the internet goes down Bitcoin would go down with it. But this doesn't only count for Bitcoin, many other companies would go down.
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quentincole32
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March 24, 2016, 04:36:27 PM |
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if internet goes down that mean bitcoin will down too and useless because i didn't see other way how to use bitcoin without internet connections and i thought this is terrible things because we can't access internet and can't do anything to solve these situations
Internet is a place where bitcoin stored, without Internet bitcoin would be nothing? It's like ask someone to cross a brige without bridge. Internet are one of the most important part in bitcoin.
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Lucius
Legendary
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Activity: 3234
Merit: 5664
Blackjack.fun🎲
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March 24, 2016, 04:56:03 PM |
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If internet goes down BTC is dead like everything what is connected and depends on the internet.The only question is whether we are talking about permanent go down of internet or about something short term.It is difficult to imagine a world without the internet, and for BTC internet is basis of existence.
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Iseecookies
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Activity: 84
Merit: 10
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March 24, 2016, 05:38:47 PM |
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I think if the internet goes down we have bigger fish to fry. Lot of people would be throwing a hissy fit over not being able to like or post a selfie. Animals win because humans are pretty dumb now when it comes to basic survival and talking about bitcoin when you are being stalked by a grizzly bear will seem fleeting.
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greBit
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March 24, 2016, 05:55:58 PM |
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if internet goes down that mean bitcoin will down too and useless because i didn't see other way how to use bitcoin without internet connections and i thought this is terrible things because we can't access internet and can't do anything to solve these situations
Internet is a place where bitcoin stored, without Internet bitcoin would be nothing? It's like ask someone to cross a brige without bridge. Internet are one of the most important part in bitcoin. Obviously without internet bitcoin cannot be utilized. One more example to this question is it is same as asking how can i charge my laptop/phone if there is no electricity. One more thing internet goes down almost nothing can be done without that...it will not only affect to btc...it will affect to all sort of the technologies.....
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