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Author Topic: What happens to the Bitcoin Network if a World war Starts?  (Read 3967 times)
Blawpaw (OP)
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February 19, 2017, 06:16:11 PM
Last edit: February 19, 2017, 06:30:24 PM by Blawpaw
 #1

I'm starting to get very worried about the state of international relations. Trump is a potential threat to world peace, and growing tensions with China and other countries are becoming a real threat.

So, if a World war starts, there are all sorts of scenarios we can consider, but what do you guys think it could happen to Bitcoin?
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February 19, 2017, 06:33:25 PM
 #2

Well, for a complete Bitcoin outage there must be a complete outage of electricity and communications in large parts of the world. That would require an extreme form of world war - much more heavy than WW2. It's realistic in a nuclear war, and then we're doomed anyway  Tongue.

But for massive conflicts the best option to make Bitcoin survive are mesh networks of Wi-Fi routers that replace the current internet service providers (as nearly everyone in industrialized countries own a wi-fi router or an Android phone they can be organized quite quickly).

And for electricity, solar or wind energy for Bitcoin users. There are countries like Germany where already a high proportion of houses have photovoltaic panels, so that's not an unrealistic option.

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knircky
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February 19, 2017, 06:35:23 PM
 #3

I'm starting to get very worried about the state of international relations. Trump is a potential threat to world peace, and growing tensions with China and other countries are becoming a real threat.

So, if a World war starts, there are all sorts of scenarios we can consider, but what do you guys think it could happen to Bitcoin?

Nothing. Bitcoin don't care.

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February 19, 2017, 06:44:24 PM
 #4

if your worry is a nuclear bomb causing an EMP in your location.. chances are the radiation is going to burn your skin and kill you before you get to buy a new car/house with your bitcoin.


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February 19, 2017, 06:55:13 PM
 #5

If even one bitcoin node can remain attached to internet than bitcoin network will keep working (may need few miners too). And i am sure even in the case of world war there are lots of country which will not involve in this and there will be few nodes and miners from those country too which will keep supporting bitcoin. So i don't think we have to worry about world war.  Wink
yellow1
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February 19, 2017, 07:12:11 PM
 #6

Nothing will happen I believe. Because even if there's a war, not all country will be affected by it. Remember the 2nd World War, some countries are neutral so nothing happens to them. So I believe bitcoin will still exist even there's a WW3.
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February 19, 2017, 07:21:36 PM
 #7

For Bitcoin network to work properly we need two conditions : miners and nodes.

There is two degrees of war :

Electricity and internet are cut : In that way we would head toward several forks and Bitcoin would be pretty doomed if we never agree after the end of the war what chain is the best one. The best in this case would be that everyone agrees about stopping running the nodes and the mining pools, so that we can all get back to the same point.

They are not : However, the most reasonable option will be that none of these things will be cut, as we would need a reallt big war for this to be cut. In case they are not the things would simply work a bit slowly, since there would probably have electricity cuts at night so that the houses do not get spotted in air bombings. So we would get periodically the pools to go offline, depending on their timezones. Hopefully, they would not all go offline at the same time.

But do not worry, a World War is far from happening !

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st0nefish
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February 19, 2017, 07:23:37 PM
 #8

Electricity and the Internet will protect the presence of bitcoin as long as it is. I do not think all countries will join in this if there is a world war.
If China goes into world war, the price of bitcoin will decrease. People will want to panic and sell bitcoins.

But I do not think it will be a world war from scratch.
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February 19, 2017, 07:50:37 PM
 #9

I think not only the bitcoin but all of the kind of stocks, currencies will be on its maximum dump price because that is world war and a lot of countries will fight to each other and it will affect the whole market world a lot and also be the cause for the investors whether it is big or small to cash out and sell their shares to avoid getting negative profits.
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February 19, 2017, 08:08:23 PM
 #10

I'm starting to get very worried about the state of international relations. Trump is a potential threat to world peace, and growing tensions with China and other countries are becoming a real threat.

So, if a World war starts, there are all sorts of scenarios we can consider, but what do you guys think it could happen to Bitcoin?

Nothing. Bitcoin don't care.
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If a world war start it's possible we won't have running water, medicine, internet access and many other things. You won't have time to think about Bitcoin, but it doesn't mean it won't survive. When we go back to peace people will remind themselves about investments.

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February 19, 2017, 08:53:23 PM
 #11

I'm starting to get very worried about the state of international relations. Trump is a potential threat to world peace, and growing tensions with China and other countries are becoming a real threat.

So, if a World war starts, there are all sorts of scenarios we can consider, but what do you guys think it could happen to Bitcoin?

I've been thinking about it for a long time, when the third world war happens, all Internet access to be very chaotic, including third world countries, we lose bitcoin acces, there is even a possibility for hacked by intelligence. Positive situation: if America is defeated in a war, or there are no winners in war, bitcoin would be a deal solution to be center of world currency (neutral currency)

During the war, it's clear we will lose total access to our bitcoin account. And there's no guarantee we'll still have accounts after war ended.

Nothing will happen I believe. Because even if there's a war, not all country will be affected by it. Remember the 2nd World War, some countries are neutral so nothing happens to them. So I believe bitcoin will still exist even there's a WW3.

The second world war, you feel it? This is not about American invasion of Syria or Iraq. world war is a time where countries compete for allies, and all countries feel the effects of an unstable situation. Neutral countries will also be affected, financial state becomes unstable due to foreign exchange market is not functioning at all.

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February 19, 2017, 09:02:11 PM
 #12

We most likely won't have access to electricity and Internet. I don't think the companies will continue working for us Cheesy we also won't have cellular signal, nothing. So Bitcoin could be worthless until the Internet is back... I think the price would rise (>100x) substantially and those who could still use it would be able to survive..

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February 19, 2017, 09:05:56 PM
 #13

Entertainingly there will be two ways the war can come about, be performed, and the end result.

Right now the lines are being drawn so that a lot of nationalist nations are matched up against globalist nations. A lot of thought experiments go into this, but in the event of a third world war it would likely start through China and the US. Europe would no longer be out to immediately join NATO/the west, and it would be a lot more of a political game. So the two ways it starts are nationalism vs globalism or china vs the us.

Ways the war goes: blitz war destroying China's economic capacity and destabilizing the citizenship, resulting in a de facto win for the US, or a war of attrition which may result in the chinese being victories after numerous amounts of casualties.

End results: US maintains world hegemony and china loses a lot of their international power, or the US is overthrown and we get multiple world powers as opposed to superpowers.

That's just what it looks like right now, it can change very rapidly.
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February 19, 2017, 09:23:51 PM
 #14

I'm starting to get very worried about the state of international relations. Trump is a potential threat to world peace, and growing tensions with China and other countries are becoming a real threat.

So, if a World war starts, there are all sorts of scenarios we can consider, but what do you guys think it could happen to Bitcoin?

Well i reckon that bitcoin will def survive, even in world wars there is always some countries that are untouched by war ie:Iceland (some mining will continue).  I reckon that if WWIII happens, china will be on the receiving end of a few nukes so we might see the Hashrate drop a little along with the diff after a few days.  But bitcoin like the cockroaches will survive.   Grin
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February 19, 2017, 09:30:21 PM
 #15

Bitcoin will be harder to send but more of a hassle, but definitely the price will skyrocket.

Bitcoin will thrive in internet sanctuaries.

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February 19, 2017, 09:41:18 PM
 #16

when it is war, I think people who face it do not think much about money, but they think how to survive and escape from that war. probably money can save them by living in the other country. however, people are panic, and probably will panic sell in order to buy sonething or to move to the other country, so the price would increase. but I think it will not affect much on bitcoin network.

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Senor.Bla
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February 19, 2017, 09:48:17 PM
 #17

I'm starting to get very worried about the state of international relations. Trump is a potential threat to world peace, and growing tensions with China and other countries are becoming a real threat.

So, if a World war starts, there are all sorts of scenarios we can consider, but what do you guys think it could happen to Bitcoin?
Interesting one. I think it would be either the end or the break thru of Bitcoin. You would need to keep the network up and running and this with a reduced hash power i would assume. Also decentralization would be a big thing and also enough people who still had an interest in Bitcoin. If you could not manage this then Bitcoin could plummet to very low numbers, but if you manage, then it might become the leading currency.

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February 19, 2017, 10:02:54 PM
 #18

I'll go under my blanket until it's over, seriously though there are 5 countries with the most destructive power and all are somehow equal in military capabilities and are permanent members of UN which supposedly was established to prevent another worldwide war and if they fail to do so or you think they are not able to do anything in regards of doing that, then you should start questioning why UN exist and your countries are so proud of being a part of it.
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February 19, 2017, 10:10:51 PM
 #19

The bitcoin price can go up or down as in panic all the bitcoin users will try to sell off and convert it to fiat currency as everyone in fear of electricity and  Internet network will surely get disturbed and how much time will it take for the war to close that is not knowable so it will surely get affected.
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February 19, 2017, 10:14:27 PM
 #20

Trump is a potential threat to world peace
Fixed that for you.  Trump is the worst thing to happen to the world since Adolph Hitler, and I'm hoping he'll die in office somehow.  So if WW3 breaks out?  Given the state of our collective weapons, we're probably all screwed and bitcoin should be the last of our worries.  Eating and living under a roof are two things that immediately come to mind as things that won't be taken for granted anymore.  Trump would probably find a way to blow up the whole internet--and there won't be anymore bitcoin to speak of.

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