coinplus
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Activity: 1386
Merit: 1058
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March 31, 2016, 06:06:08 PM |
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If internet goes down, not only Bitcoin will disappear but also many online jobs and it will affect for sure the most part of the used currencies worldwide; but i think if internet goes down that's mean there is really a very serious issue happened in world
Yes, there are a large number of business running online through internet which are more worthy than some amount of bitcoin, so there will a large destruction occur in economic field if internet gone down.
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greBit
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March 31, 2016, 06:22:42 PM |
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if internet goes down, sure there is no life for bitcoin and all the bitcoiners will be found upset.. but that won't happen very easily.. by chance if internet is lost, we can regain it and can give life to bitcoin again...
Nah, i'm sure internet never goes down. If internet goes down, it will make a chaos in the world. Even bitcoin is dead too, because bitcoin is life because the internet itself. Yes it is highly impossible internet will go down....it is same as saying without electricity can i charge my phone, laptop or electronic devices...if internet goes down then obviously btc also will not work.
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bakingbad
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March 31, 2016, 07:10:33 PM |
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if internet goes down, sure there is no life for bitcoin and all the bitcoiners will be found upset.. but that won't happen very easily.. by chance if internet is lost, we can regain it and can give life to bitcoin again...
Nah, i'm sure internet never goes down. If internet goes down, it will make a chaos in the world. Even bitcoin is dead too, because bitcoin is life because the internet itself. Yes it is highly impossible internet will go down....it is same as saying without electricity can i charge my phone, laptop or electronic devices...if internet goes down then obviously btc also will not work. well i have seen something on a daily decrypt that it would be actually possible for it to work without internet connection i hope that internet will never die because it would be really hard to use bitcoin and together make any money
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Blackmet
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March 31, 2016, 07:48:45 PM |
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If the internet goes down, Bitcoin is rendered useless, you pretty much can't do anything. But I doubt that the internet will ever go down, as in like fully shutdown across the whole world.
Yeah if the internet goes down many companies not only Bitcoin would go down with it. The internet has become so important in today's world. Almost nobody can live without it, at least I can't. Internet is main media and information platform it's using eveyware so bitcoin it's just a part of it and when internet goes down it will be just useless.
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cjmoles
Legendary
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Activity: 1176
Merit: 1017
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March 31, 2016, 08:35:24 PM |
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As far as I understand....the internet can go down and bitcoin transactions can still take place locally. Transactions can still take place from phone to phone and when the internet comes back up, then those transactions can be broadcast to the full nodes. My question would be....could I profit off of mining if my rig is prepared for it? It seems that there's opportunity somewhere in between the transitions of the big pools going down and then coming back online....Is anyone else prepared for that too?
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beerlover
Legendary
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Activity: 3052
Merit: 1188
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March 31, 2016, 08:35:42 PM |
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If internet goes down, not only Bitcoin will disappear but also many online jobs and it will affect for sure the most part of the used currencies worldwide; but i think if internet goes down that's mean there is really a very serious issue happened in world
true, the internet is an important point of all online businesses on the internet, even bitcoin. if the Internet slows down, all business transactions online process decrease and make the quality is reduced, it will happen to all that online even bitcoin and paypal Nice point, for online payment there is not only bitcoin but there are lot of other payment system which are also enough famous and people have a huge amount of money at there. So, worrying based on bitcoin is completely meaningless in my view.
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bamboylee
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April 01, 2016, 12:50:35 AM |
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I think its like what will happen with Internet Banking if internet goes down.... it ceases to exist
I think not just internet banking but all activities using the internet bank. if the internet is down they certainly can not enter data with offline right ? This is true. My bank does not even accept deposit when it is offline even if it is my branch and I am confident with my account number. I think the same will happen to bitcoin since it is dependent to internet connection.
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KennyR
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April 01, 2016, 03:34:29 AM |
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As far as I understand....the internet can go down and uᴉoɔʇᴉq transactions can still take place locally. Transactions can still take place from phone to phone and when the internet comes back up, then those transactions can be broadcast to the full nodes. My question would be....could I profit off of mining if my rig is prepared for it? It seems that there's opportunity somewhere in between the transitions of the big pools going down and then coming back online....Is anyone else prepared for that too?
It is not realistic to make transactions when the internet goes down. Everywhere for transaction purpose internet is needed.
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lolgato1
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April 01, 2016, 03:36:33 AM |
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People will start using cash is my guess and when internet back up we will use bitcoin again just like if PayPal goes down we will use a different service while it's down.
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Kartikay
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April 01, 2016, 03:46:34 AM |
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This is the reason why fiat will never disappear. Fiat is a good way of face to face transaction. It does not require internet. Bitcoin will fail in case internet failure.
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alisafidel58
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April 01, 2016, 03:56:03 AM |
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This is the reason why fiat will never disappear. Fiat is a good way of face to face transaction. It does not require internet. uᴉoɔʇᴉq will fail in case internet failure.
Yeah bitcoin really to much on the internet and if theres no internet bitcoin is useless that why fiat is still best when it come to certain issue.
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Keselencoey
Newbie
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Activity: 58
Merit: 0
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April 01, 2016, 03:59:12 AM |
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not just affect with bitcoins but bank transfer , e payment , etc will be affected by it , and i can't wonder if that thing really happen
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crossabdd
Legendary
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Activity: 1316
Merit: 1145
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April 01, 2016, 04:00:07 AM |
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If internet go down all media will lose, all technology will be fail. but im sure we will found new higher technology will replace internet.
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uname
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April 01, 2016, 04:02:14 AM |
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if internet goes down, sure there is no life for bitcoin and all the bitcoiners will be found upset.. but that won't happen very easily.. by chance if internet is lost, we can regain it and can give life to bitcoin again...
Nah, i'm sure internet never goes down. If internet goes down, it will make a chaos in the world. Even bitcoin is dead too, because bitcoin is life because the internet itself. I think it is impossible for the Internet to be down. Internet is the heart of the financial world all transactions and data using internet connection. so all states will protect internet to always live
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crossabdd
Legendary
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Activity: 1316
Merit: 1145
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April 01, 2016, 04:13:30 AM |
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if internet goes down, sure there is no life for uᴉoɔʇᴉq and all the bitcoiners will be found upset.. but that won't happen very easily.. by chance if internet is lost, we can regain it and can give life to uᴉoɔʇᴉq again...
Nah, i'm sure internet never goes down. If internet goes down, it will make a chaos in the world. Even uᴉoɔʇᴉq is dead too, because uᴉoɔʇᴉq is life because the internet itself. I think it is impossible for the Internet to be down. Internet is the heart of the financial world all transactions and data using internet connection. so all states will protect internet to always live but we must remember the rules "anything can happen, and Nothing imposible" i think someday in future internet can be down..
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Betwrong
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Activity: 3458
Merit: 2234
I stand with Ukraine.
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April 01, 2016, 07:40:48 AM |
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If internet goes down BiTcoin will simply replace it. Don't you know that Blockchain is operating independently and you can just connect your computer to it and use it however you like, you can even gamble and watch movies using Blockchain as your primary browser.
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KennyR
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April 01, 2016, 07:46:14 AM |
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If internet goes down BiTcoin will simply replace it. Don't you know that Blockchain is operating independently and you can just connect your computer to it and use it however you like, you can even gamble and watch movies using Blockchain as your primary browser.
What will be replaced by bitcoin. I believe above mate says that internet will be replaced by Blockchain technology. If this happens also without networking nothing is gonna be effective.
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Zaun
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April 01, 2016, 07:46:37 AM |
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I think it will be very bad for the bitcoin because the bitcoin is fully based on a network there is no offline system or something like other currency's. Most likely if that happens for a long time it will destroy the bitcoin for sure without any doubts.
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kenot21
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April 01, 2016, 08:09:56 AM |
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I think it will be very bad for the uᴉoɔʇᴉq because the uᴉoɔʇᴉq is fully based on a network there is no offline system or something like other currency's. Most likely if that happens for a long time it will destroy the uᴉoɔʇᴉq for sure without any doubts.
I think it won't destroy bitcoin but freeze it. Because all marketing companies use internet therefore nothing will rise or down. And it's unlikely to happen though. So, we don't have to worry.
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justdimin
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April 01, 2016, 10:28:32 AM |
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One of the option with us is that, the banks and governments adopt bitcoin, so when the internet gone down, there will be a way to go to related bank and government to ask for their money. Like master and visa cards.
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