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Author Topic: what happens to Bitcoin if internet goes down?  (Read 34308 times)
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July 20, 2016, 06:18:59 AM
 #541

If the Internet goes down, people wouldn't be able to do Bitcoin transactions. But once the Internet goes back, then people can resume their bitcoin business. It would be just as if the Bitcoin status is at 'paused'. The data and records of bitcoin wouldn't be deleted, once the Internet is back, all of those data can be retrieved as if nothing happened.

Exactly. Bitcoin is a P2P technology and as long as there is one person that is using bitcoin, then bitcoin is technically "alive". And there is an extremely slim chance of this ever happening to all of us.

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July 20, 2016, 02:10:01 PM
 #542

If the internet goes down then Bitcoin goes down with it it is just that simple if you ask me about it, not only Bitcoin will go down tho.
There are so many other companies that rely in the internet they will go down ass well.
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July 20, 2016, 02:14:29 PM
 #543

currently we live in an age of technology and the need of the Internet, if the Internet goes down, not only bitcoin, but all will die.
and will be back as antiquity live without the Internet.

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July 20, 2016, 02:53:49 PM
 #544

If the internet goes down then Bitcoin goes down with it it is just that simple if you ask me about it, not only Bitcoin will go down tho.
There are so many other companies that rely in the internet they will go down ass well.

Bitcoin will not goes down even internet will. It will just stopped since it's relying on the internet to make such transaction and in the first place that's why it called virtual currency lol. Bitcoin will be back once internet be up again. No such thing to happen that internet will go down for a long time.

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July 20, 2016, 02:57:05 PM
 #545

currently we live in an age of technology and the need of the Internet, if the Internet goes down, not only bitcoin, but all will die.
and will be back as antiquity live without the Internet.

Of course, because I was also one of the people who use the internet in any activity. Everyone will surely lose the spirit of life, because some things can be done automatically changed to manual.
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July 20, 2016, 03:01:07 PM
 #546

currently we live in an age of technology and the need of the Internet, if the Internet goes down, not only bitcoin, but all will die.
and will be back as antiquity live without the Internet.

Of course, because I was also one of the people who use the internet in any activity. Everyone will surely lose the spirit of life, because some things can be done automatically changed to manual.
huh i think not that much,before internet was exist,people could live as fine as now,if internet suddenly goes down,it would affect us in period not going to giving affect to our whole life

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July 20, 2016, 03:10:19 PM
 #547

If the internet goes down Bitcoin goes down with it that is just how simple it is, Bitcoin has to rely on the internet.
Internet at this point is a must and many people and companies would not survive without it.
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July 20, 2016, 03:15:41 PM
 #548

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July 20, 2016, 03:26:33 PM
 #549

If the internet goes down Bitcoin goes down with it that is just how simple it is, Bitcoin has to rely on the internet.
Internet at this point is a must and many people and companies would not survive without it.

Yeah bitcoin at this moment relies on internet as it means of transaction between peers.  And even mining the blockss.  if suddenly internet goes down all this transaction will stop.  So bitcoin will go down with the internet unless developers found  a way to transmit communication between nodes aside from the internet.

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July 20, 2016, 03:38:46 PM
 #550

Wow !

So important question.

Internet brings world closer. Bitcoin is relies on internet is another thing but already lots of services are on internet.

Never imagine but have to imagine what would be there in world without Internet ?
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July 20, 2016, 03:39:42 PM
 #551

According to me if the Internet goes down, There is Bitcoin anymore, and Bitcoin will wash out. Yes without the web how can we use Bitcoin transactions. How can we buy and sell Bitcoin? If no transaction means no gambling no signature campaign and no Bitcoin. And finally, all online casino sites will shut down.
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July 20, 2016, 03:43:42 PM
 #552

According to me if the Internet goes down, There is Bitcoin anymore, and Bitcoin will wash out. Yes without the web how can we use Bitcoin transactions. How can we buy and sell Bitcoin? If no transaction means no gambling no signature campaign and no Bitcoin. And finally, all online casino sites will shut down.

You are right.
All things just about Bitcoins. We must have to think for whole world and connectivity of world.
If internet downs it will make major impact on whole world. And that would be so horrible.
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July 20, 2016, 03:57:13 PM
 #553

If the internet goes down Bitcoin goes down with it that is just how simple it is, Bitcoin has to rely on the internet.
Internet at this point is a must and many people and companies would not survive without it.
If there will be a new way that will make us connected worldwide rather than internet that will be develop in the future then there will be no worry for bitcoin to collapse. Like we know that science is making our life progress and go forward so there will be a new discovery that is far greater than internet. Let us see
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July 20, 2016, 04:31:55 PM
 #554

currently we live in an age of technology and the need of the Internet, if the Internet goes down, not only bitcoin, but all will die.
and will be back as antiquity live without the Internet.
Are you sure all will die? I never think the ancient people is ever will getting a died without the internet. but just giving a period effect from the people in the world because the internet is very useful for them but I not sure about the addicted person. Cheesy

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takingthis4
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July 20, 2016, 04:51:52 PM
 #555

If the internet goes down then Bitcoin goes down with it it is just that simple if you ask me about it, not only Bitcoin will go down tho.
There are so many other companies that rely in the internet they will go down ass well.
thats right, it is nearly impossible for bitcoins to exist without the internet though i doubt that internet will ever go down so i dont think we should be worried

 
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Vika NSFW
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July 20, 2016, 05:32:07 PM
 #556

Someone have the Idea, how much villages in today's Russia have no electric energy supply?
About what Internet are You talking?

Cash 100%

pearnapple
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July 20, 2016, 05:41:29 PM
 #557

Someone have the Idea, how much villages in today's Russia have no electric energy supply?
About what Internet are You talking?

Cash 100%
of course everyone would get back to using cash though about 10 billion dollars would be lost in bitcoins then, i think that would be a huge problem among the people

 
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Vika NSFW
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July 20, 2016, 05:49:30 PM
 #558

about 10 billion dollars would be lost in bitcoins

I have no "Savings In Bitcoins".

virtualkeybuyer
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July 20, 2016, 06:11:32 PM
 #559

about 10 billion dollars would be lost in bitcoins

I have no "Savings In Bitcoins".

You should have to believe on bitcoin and have to save some money in the form of bitcoin, as there is no any threat to bitcoin, and no any chance for the internet to go down, a lot of money are there on internet so everyone will try to recover internet if it gone down.
PokerFace3
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July 20, 2016, 06:17:01 PM
 #560

If the internet goes down then Bitcoin goes down with it it is just that simple if you ask me about it, not only Bitcoin will go down tho.
There are so many other companies that rely in the internet they will go down ass well.
thats right, it is nearly impossible for bitcoins to exist without the internet though i doubt that internet will ever go down so i dont think we should be worried
It is simple no bitcoins without the internet my dear fellows !!!!
If there is no internet in today's world then Most of the companies would stop running.
It would create a chaos in the world.
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