Vaskiy
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April 21, 2016, 07:01:01 AM |
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If the internet would go down it would be a disaster for everyone and not only for Bitcoin. I would not even care about Bitcoin if the internet is going down but more about other stuff on the internet.
Yeah mate if the Internet goes down for real chances are we would be having very serious problems in the real world and no one would care much about Bitcoin because we may have things like a war or a global catastrophe or an alien invasion for example looming over us In that cases I also have fear of lose of bitcoin, if any war occur then the internet technology will definitely disrupted and in that case we will be thrown far away from our bitcoins and will lose our wealth. Yeah if such situations arise people will be in great upset, simply internet connections won't go down,but if any disaster occurs it may go down leaving bitcoin and its users in vain.
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ObscureBean
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April 21, 2016, 07:34:38 AM |
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Bitcoin would simply cease to exist if internet is down everywhere in the world and I would pack my rucksack and head to the mountains and live as a hermit till the nuke hits On a more serious note, I've often wondered what it would be like to live in a post-apocalyptic world like the one in Hokuto no Ken
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ahmedjamal1998
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April 21, 2016, 07:39:31 AM |
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If you are talking about users not having an internet connection then there is no way to access bitcoins. But if you are talking about the while network then I thunk I heard around that they are going to launch it in space in some time in the near future.
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chiajw1
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April 21, 2016, 07:40:31 AM |
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Maybe you can trade bitcoin by giving private key / broadcast file (you can broadcast it with any wallet) Or run small bitcoin network in LAN/WLAN 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 how do we trade bitcoin during this time if we can't access internet.
home internet and mobile internet goes down
I can tell you if a nuclear war breaks out there are way more important issues to solve than Bitcoin! Secondly if Internet goes down, several other markets and industries will go down as well! The Internet is so widely used today, worldwide, that a total collapse would set us back for decades! Yes, in fact fiat would go down along with the Internet. Fiat still can running without internet, but it'll use old system (before internet exsit) which is inefficient (write & keep transaction in book) It is still possible to keep all transaction in a handwritten ledger book. However please note that the fiat is debt based, and the government will almost collapse immediately because all currencies are dependant on each other like bitcoin depends on internet connection. It means fiat currency will cease to exist like bitcoin if internet is totally down. Then new prospects have to be made up to cover the loopholes of this, means no buying and selling things or more primitive barter system will be implemented. Internet is too important in sustaining the evolving of the whole world. I hope that internet will never shut down, otherwise it will cause a chaos
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MTBTT
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April 21, 2016, 08:04:00 AM |
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If the internet goes down then bitcoin would be useless. The reason is exist is because of the internet. Bitcoin can't be used if there's no internet.
of course, as all transactions are done in online bitcoin if the internet did not exist of course we can not access or bitcoin wallet us. but it looks like it will not happen internet will always exist
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romero121
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April 21, 2016, 09:39:03 AM |
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If the internet goes down then bitcoin would be useless. The reason is exist is because of the internet. Bitcoin can't be used if there's no internet.
Bitcoin won't go useless. The difficulty of using bitcoin increases. But when years pass internet won't be a big issue as most countries has got better internet facilities due to the advancement in technologies.
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HarryKPeters
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April 21, 2016, 10:56:33 AM |
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No internet is no access to online services, Your bitcoins in your offline wallet will be secure, as long there will be no hard-fork. But the chance that the whole world (miners included) will have no access to the internet, is very slim.
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mixan
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April 21, 2016, 11:12:43 PM |
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I never thought of this happening or never thought it would. But to be on the safe side I am considering getting a hardware wallet, something like a trezor or something similar to store anything over 1 BTC on. Just the logical solution I would think.
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Gubzy
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April 21, 2016, 11:19:40 PM |
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I think if the internet went down you wouldn't even be able to send bitcoin to people, as bitcoin is on the internet. And maybe bitcoin would be lost if it was being sent, although I really don't know.
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vero
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April 21, 2016, 11:24:40 PM |
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I think if the internet went down you wouldn't even be able to send bitcoin to people, as bitcoin is on the internet. And maybe bitcoin would be lost if it was being sent, although I really don't know.
I think not only bitcoin which became worthless but also human life would be worthless because we can't deny now the internet is a human need.
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bitbite111
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April 21, 2016, 11:31:15 PM |
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At least we can always eat our gold.
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Mumbeeptind1963
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April 22, 2016, 03:04:07 AM |
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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
I think no internet no bitcoin. You can transact in bank to send money to someone, I think when nuclear war will happen the price of bitcoin is dead because in that case no people would try to surf, they trying to survive in that case hehe thats my theory
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KennyR
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April 22, 2016, 07:45:33 AM |
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If the internet goes down then bitcoin would be useless. The reason is exist is because of the internet. Bitcoin can't be used if there's no internet.
of course, as all transactions are done in online bitcoin if the internet did not exist of course we can not access or bitcoin wallet us. but it looks like it will not happen internet will always exist Yeah internet will continue at any hard or worst times of economy or any backlog in the technological advancement.
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RawDog
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April 22, 2016, 08:05:03 AM |
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"what happens to Bitcoin if internet goes down?"
- same thing that happens if gravity goes down. The probability of this happening is about the same also.
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ajun96
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April 22, 2016, 08:27:18 AM |
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I think if the internet went down you wouldn't even be able to send bitcoin to people, as bitcoin is on the internet. And maybe bitcoin would be lost if it was being sent, although I really don't know.
Lol pf course even you can not access the wallet. for all transaction processing and load must be using an Internet connection. so if the Internet disappeared. may not only bitcoin disappearing. but everyone will lose because the banks certainly have chaos too
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InsideBjorn
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April 22, 2016, 09:20:36 AM |
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The chance is really small that the internet will goes down, but if that is going to happen than there are a lot of people that is going to be mad and Bitcoin will maybe disappear. But dont talk about things that the chance is really small that can happen.
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Jasad
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= jasad =
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April 22, 2016, 09:36:08 AM |
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I think if the internet went down you wouldn't even be able to send bitcoin to people, as bitcoin is on the internet. And maybe bitcoin would be lost if it was being sent, although I really don't know.
I think not only bitcoin which became worthless but also human life would be worthless because we can't deny now the internet is a human need. not sure with you all,i think if internet goes down,blockchain will take the local transaction,so bitcoin can still moving from people to people. and i'm also sure if internet goes down,people will back to like internet never exist,nothing to be waorry about,
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Note_spark
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April 22, 2016, 03:19:24 PM |
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I also don't think it would happen. But if it will, bitcoin would go down as well and freeze in time. I guess there are still a lot more problem especially now adays people always relly on internet.
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avw1982
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April 22, 2016, 05:13:23 PM |
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I also don't think it would happen. But if it will, bitcoin would go down as well and freeze in time. I guess there are still a lot more problem especially now adays people always relly on internet.
I think paper wallet will be use if its happens that you can transfer it into another pc or laptop.. But i think it will not happen because internet is the half of my life without it...
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hurain
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April 22, 2016, 05:37:13 PM |
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it is a fact that if internet goes down there will be nothing left about bitcoin. But can we imagin the world with out internet in the present time. it will not only effect the bitcoin but i think it will disturb other important aspects of life.
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