iqlimasyadiqa (OP)
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April 10, 2017, 03:58:48 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
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The One
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April 10, 2017, 04:02:22 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
Use cash.
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Dorky
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Best IoT Platform Based on Blockchain
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April 10, 2017, 04:04:17 PM |
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We curse the rothschilds.
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traderethereum
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April 10, 2017, 04:23:06 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
i think the only solution that we can use is still using fiat to pay our financial transactions because money can help us to buy something or pay our expenses. but for online transaction, i think we can not use properly and even the transaction is abandoned as we need internet to send the transaction.
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knircky
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April 10, 2017, 04:23:36 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
No need for internet. Just need to relay tx. Can use other forms of communication
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QuestionAuthority
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You lead and I'll watch you walk away.
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April 10, 2017, 04:25:52 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
Use cash. The glaring brilliance of simplicity.
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mobnepal
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April 10, 2017, 04:25:59 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
Internet have never gone down for over 1 minute in past and it is also quite unlikely to have a situation where internet all over the world will go down at same time for more than a minute because to make this someone have to spend billions of dollar on DDOS attacks.
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gentlemand
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Welt Am Draht
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April 10, 2017, 04:35:12 PM |
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And conventional banking wouldn't be much better off if that happened either, let alone all the countless other things such as power stations, traffic systems and on and on. It is a tad alarming how many eggs we're putting into one basket. In the years to come you'll be able to include your car and home into that as well.
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Mr.grin
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April 10, 2017, 04:36:09 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
when the internet was freezing, I'm sure the great people skilled in the field will not remain silent. they will repair the damage as quickly as possible, because not only bitcoin that freezes when internet can not be accessed, but very many online systems that use the Internet to access. when it happens I think the experts will try to restore it to normal again, although it takes time.
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webtricks
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April 10, 2017, 04:44:43 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
I don't know what you understand from the word Internet but it is not a commodity or something rather it refers to inter-connectivity of computers around the world. Thousands and thousands of servers and gadgets are dedicated for uptime of this connectivity. So I can't think such situation ever occur considering Bitcoin will be main payment option. This will induce more concern and safety towards internet!!
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Kprawn
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April 10, 2017, 05:02:12 PM |
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If the internet fails, the whole banking system and PayPal fails too.... so Bitcoin will not be the only payment system that would go down in flames. You will not be able to do internet banking or use credit cards too. Financial systems are also reliant on the internet, so a Catastrophe will influence every other WAN network, when the Internet goes down.
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Jet Cash
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April 10, 2017, 05:23:23 PM |
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It's more likely that we will cut down all the trees and kill ourselves.
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Offgrid campers allow you to enjoy life and preserve your health and wealth. Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars. My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys
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Yakamoto
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April 10, 2017, 05:28:10 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
Find something that people would be willing to trade, such as cash or, in extreme cases, something like a precious metal or other various valuable goods. The chances of the internet stopping are relatively low, however I can see why there is some concern, and I would not say that it is misplaced. Can't really solve something in the event that all the supporting structures fail as well. At that point it would come down to people trading whatever they could in order to keep moving, and that might involve intra-community credit.
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Wesimon
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April 10, 2017, 05:37:25 PM |
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At that time, the whole world is now dependent to internet and surely the international organizations would never let the internet to freeze at any point (unless all antennas, satellites and servers are all destroyed at the same time). Even today that bitcoin is not the main payment method, the international organizations will, also, not let this type of event happens. Not just the payments and transactions are affected but also businesses will be harmed. As for the alternative if bitcoin freezes, Use cash.
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Victorycoin
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April 10, 2017, 06:14:37 PM Last edit: April 10, 2017, 06:31:55 PM by Victorycoin |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
What on earth do you think is capable of paralyzing the entire internet? Have you never heard that the internet was structured and developed with catastrophic situations as nuclear bomb attack in mind? It isn't a good sight when seniors here are the ones groping in the dark instead of shinning on the light for all, especially the newbies to see.
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Nahl
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April 10, 2017, 06:49:27 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
Use cash. yes agree with you that because bitcoin needed internet connections and if Internet network paralyzed people usually will find another solutions to still make transaction and cash will be good solution for this problem and cash also will became the main payment in the world instead of bitcoin if this is happened
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The_Dark_Knight
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April 10, 2017, 11:49:59 PM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
Since bitcoin runs over the internet then a paralyzation of the internet means no bitcoin, but don’ worry that also mean most fiat will be unavailable too, and this is why you also need to have a small holdings of gold and silver just in case everything goes to hell.
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erickkyut
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April 11, 2017, 12:56:45 AM |
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Internet is becoming part of our daily lives. It is now the major means of communication, the most common source of knowledge and most of all, our partner in our daily living. There is only a very little possibility that the internet will cease to exists. And if ever that happens, they will find and immediate action about it.
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Realtech
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April 11, 2017, 01:00:51 AM |
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i think the best is to transact with cash,internet should not be a problem in transacting business.
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cr1776
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April 11, 2017, 01:02:47 AM |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
Use cash. Or gold, silver, and other precious metals etc. If the internet was paralyzed, fiat might be experiencing disruptions too.
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