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Author Topic: what happens to Bitcoin if internet goes down?  (Read 34259 times)
imoet
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January 05, 2018, 02:13:11 PM
 #701

Nowadays everything is depend on internet. Maybe people will try hard if there is something happen bad with internet, especially the users of bitcoin. Because internet is a main thing for bitcoin. We can not do anything related to bitcoin if internet goes down.

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jeanpadel14
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January 05, 2018, 02:46:24 PM
 #702

Once internet goes down bitcoin become useless.We can not do anything related to bitcoin if internet goes down.Because internet is the important requirement to access in bitcoin.And not only bitcoin will affected once internet goes down also the bank.Nowadays everything is depend on internet.But internet going down is impossible because people will do everything they can so that internet will not go down because we need this everyday and  we cannot live without it now

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ljm8888
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January 05, 2018, 02:50:21 PM
 #703

The Internet crashes? This is really an unimaginable thing. The world is now inseparable from the Internet. The collapse of the Internet may be the breakdown of human order. Of course, the bitcoin will not exist. The existence of bitcoin is based on the Internet. It is not separable.
WannaCry
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January 05, 2018, 02:51:19 PM
 #704

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


Well, my partner will benefit whatever happens. She knows all my accounts passwords and wallets. I did that just to be sure that no matter what happens, I can still secure and sustain her life even without my presence. If a person dies and if even a single person doesn't know any of his accounts, his money will just hang for nothing.
Sihab76
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January 05, 2018, 02:52:29 PM
 #705

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
No Internet no online currency no bitcoin. Skeletal is the backbone of body as the same way internet is the backbone of bitcoin. No Internet connection no Bitcoin.
levvv
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January 05, 2018, 03:10:05 PM
 #706

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


Heyy, if internet is erased from this world, bitcoin network will down. Every bitcoin transaction is processed by miner using their hashpower in the world network. If internet down, the network of miner is down too, then there is no process for bitcoin transactions. So maybe till now, there is no other way than internet, that used for connecting the blockchains and the miner's network.
cetel
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January 05, 2018, 03:14:11 PM
 #707

the correction of bitcoin up, if he took it at the highest level
Baby Dragon
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January 06, 2018, 05:13:48 PM
 #708

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.
Internet is the fastest way to transact in all kind business in the whole world. If internet goes down its a big problem a calamity in business world and we cannot trade bitcoin we dont have profit to gain.

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loof99
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January 06, 2018, 09:02:54 PM
 #709

 Internet is the most vital services of all business structure here in the whole world and I think it will cause a big problem if the internet slowly goes down or out of commerce.
The bitcoin will lose their demands since they will not be able to provide a good service.
sapnu
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January 07, 2018, 07:20:50 PM
 #710

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
Bitcoin network completely breaks down. no hash power, no node. no confirmation, then we have to go cash, like dollar, euro.
Definitely theres no transaction that can happen when there is also no internet connection. We know all of that because it sinks to our minds that when you are taking access to bitcoin you should have internet connection too amd a gadget to use.
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January 09, 2018, 10:44:15 AM
 #711

I think it will also goes down, but I think the creator of bitcoin will think some other medium of bitcoin, that's why bitcoin is good.
jake zyrus
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January 09, 2018, 01:47:38 PM
 #712

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.
If the internet goes down there is lot of problem facing of bitcoin. Because internet is the bridge in business in the whole world. How we communicate and transact if internet goes down.

cryptocue
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January 09, 2018, 01:52:36 PM
 #713

Maybe bitcoin would be worthless at the time it happened,but hopefully it wont happen in the near future.

Sevarchik
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January 09, 2018, 02:09:03 PM
 #714

Internet can't switch of in all continents in one time.
If this happened bitcoin networks stops and wait when we launch internet, then it continue working.
If one of the continents switch off internet, btc network continue working without this continent, and when he connect to internet again he download full blockchain and also continue using network

KingOfWinterfell01
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January 09, 2018, 02:27:38 PM
 #715

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

If the internet fails and dies, the blockchain dies as well, thus killing every cryptocurrency circulating around the world, killing the industry of mining and cryptocurrency trading. If that happens, everyone who sold their house for bitcoins are crying a river.

cybersofts
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January 09, 2018, 02:32:26 PM
 #716

Once the internet is down the bitcoin peer-to-peer network is down. Once the bitcoin network is down there is no way to transfer bitcoins. Bitcoins without internet they would be like a cell phone with GSM network. Phone without network is basically worthless to the same thing might apply to bitcoin without the internet.
droptableguy2
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January 09, 2018, 02:41:50 PM
 #717

Internet can't switch of in all continents in one time.
If this happened bitcoin networks stops and wait when we launch internet, then it continue working.
If one of the continents switch off internet, btc network continue working without this continent, and when he connect to internet again he download full blockchain and also continue using network
If the bitcoin is broken, online transactions will not be possible and that is bad for the investors. I will not be able to imagine what I would do with my bitcoin number without the internet, I would sit and watch my fortune without doing anything, it was a nightmare for me.

Ayush rana
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January 09, 2018, 03:28:23 PM
 #718

Bitcoin is a digital currency which means every time bitcoin needs internet connectivity. If there will be no internet then there will be no bitcoin and even no one will do trade because we can't do transactions without internet.

Kezio
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January 09, 2018, 03:41:05 PM
 #719

Let's put it this way, the internet has become a bridge that connects people. It has become a vital resource for a multitude of industries and some fields depend on it for their existance. The latter is the case of cryptocurrency, which was created to give more freedom when it comes to the financial part of more and more businesses. Without that bridge, as everyone else stated, Bitcoin would become redundant.

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January 09, 2018, 03:55:25 PM
 #720

Let's put it this way, the internet has become a bridge that connects people. It has become a vital resource for a multitude of industries and some fields depend on it for their existance. The latter is the case of cryptocurrency, which was created to give more freedom when it comes to the financial part of more and more businesses. Without that bridge, as everyone else stated, Bitcoin would become redundant.


More than a bridge is a way of life, the internet no longer depends on us, it is totally the opposite and I doubt it ceases to exist, there would have to be a thousand-year-old revolution to stop existing. And with the flow of BTC and the new cryptocurrencies, it is impossible
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