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Author Topic: if someday the network internet totally dead .  (Read 9656 times)
doomistake
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April 12, 2017, 12:37:54 PM
 #41

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 think that is possible to happen to make the internet paralyzed or shutdown because that is impossible because a lot of people support the internet as well as bitcoin.

If that scenario happen then the only solution i think is the use of paper wallet like the fiat? how? We will just deposit a fixed bitcoin amount into the paper wallets and because it is offline and physical, we can use it and make it as an exchange to the item that we want and the receiver just need to wait for the internet to be fixed and exchange it into fiat money.

Then, how about if the bitcoin that we have saved run out, because we spent it all, how we are going to earn bitcoin if the Internet is dead? It is basically useless, everything, those stuffs and technology that do needs internet, will be just worthless, and it would a disaster if this thing really happens in the future, though for me it is not possible that the Internet would be dead someday.

Unless, something will happen that will destroy the world, I mean, a World Wide War, something like that, because if that thing happens, we don't have any choice but to save ourselves first and forget about this crypto world.
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April 14, 2017, 02:13:04 AM
 #42

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.
when people have only a bitcoin, and they do not save real money. while they have to pay a lot of bills and utilities. this is what must be our consideration in the future. there must be a balance between bitcoin ownership and real money. probably around 50:50 to make us comfortable in living their daily lives.
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April 14, 2017, 02:22:23 AM
 #43

There are may cyber security researchers in this modern age
That are finding unseen bugs in a software or system so better patch or secure the internet protocol before it is exploited by some hacker.
The internet will not go down because people need it especially businessmen and the Rothschild.

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April 14, 2017, 03:21:37 AM
 #44

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.

precisely! i think if that happens, cash is our best option. it just like we need to go back to basic.


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

can you give such specific examples of other forms of communication? please elaborate. thanks a lot!



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April 14, 2017, 03:24:03 AM
 #45

There are may cyber security researchers in this modern age
That are finding unseen bugs in a software or system so better patch or secure the internet protocol before it is exploited by some hacker.
The internet will not go down because people need it especially businessmen and the Rothschild.
Yes, it won't go down. Because every form of businesses and individual requirements cannot be met without the​internet. So always bitcoin is​moved towards growth rather than going down. Even in countries which are economically down focus much on internet. The reason is that it's a step forward for growth.
lighpulsar07
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April 14, 2017, 03:28:42 AM
Last edit: April 14, 2017, 03:43:14 AM by lighpulsar07
 #46

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 ?
How cannot we perform financial transactions without bitcoin as long as we have real world currency we are fine without the internet just go back to basic way of life and how can you so sure that bitcoin may become the main financial instrument if we have slow transaction confirmation problem? Bitcoin has a lot work to do to become a main financial instrument
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April 14, 2017, 03:33:45 AM
 #47

Lets think for a moment if Bitcoin will be the only currency used in the world? Would that even be possible? Because I don't think it is possible where will we base the value of Bitcoin if there is no more Fiat Currency? Without Fiat Currency Bitcoin is not money because it will not have any value. So my guess is Fiat Currency would still exist even if Bitcoin is being used worldwide. All the governments of the world would not allow other type of currency to rule their country.

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lighpulsar07
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April 14, 2017, 03:42:46 AM
 #48

Lets think for a moment if Bitcoin will be the only currency used in the world? Would that even be possible? Because I don't think it is possible where will we base the value of Bitcoin if there is no more Fiat Currency? Without Fiat Currency Bitcoin is not money because it will not have any value. So my guess is Fiat Currency would still exist even if Bitcoin is being used worldwide. All the governments of the world would not allow other type of currency to rule their country.
Yes I agree with you let me add another, bitcoin has is only limited 21 milion coins do you think bitcoin can supply everyone in the world? no. wIthout fiat bitcoin will have no value think about it only 21 million people will only have 1btc lol
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April 14, 2017, 03:43:29 AM
 #49

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 ?
How cannot we perform financial transactions without bitcoin as long as we have real world currency we are fine without the internet just go back to basic way of life and how can you so sure that bitcoin may become the main financial instrument if we have slow transaction confirmation problem? Bitcoin has a lot work to do to become a main financial instrument
still need a lot of time of course. however we are currently heading to a more sophisticated era, the era of digital currencies like bitcoin.
we must start from now, we should try always to use bitcoin in their daily lives.
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April 14, 2017, 03:48:14 AM
 #50

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 ?
This would not be possible in the future , it is because the future of our life will be more attached​ with the internet and no chance to disturb the internet by the technology . Second here we can see that what happened when the blockchain goes for the maintenance for one to two days , even the stop of the bitcoin deals the market remain active in other fields , so no doubt for the small time lost of whole internet will not  generate big problem for us , Because without internet if one cannot​ send then also reciver will not recieve , at that time that will be more better to take patience instead to do something new
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April 14, 2017, 04:01:05 AM
 #51

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 ?
How cannot we perform financial transactions without bitcoin as long as we have real world currency we are fine without the internet just go back to basic way of life and how can you so sure that bitcoin may become the main financial instrument if we have slow transaction confirmation problem? Bitcoin has a lot work to do to become a main financial instrument
still need a lot of time of course. however we are currently heading to a more sophisticated era, the era of digital currencies like bitcoin.
we must start from now, we should try always to use bitcoin in their daily lives.
No. That won't happen. without real world currency, bitcoin is worthless pile of data stored in internet and also I said earlier bitcoin is limited to 21 million coins. how can 21 million coins will accumulate for billion and billions of people in the world? And the government have a power to ban bitcoin in some countries. Let's face it that bitcoin won't beat fiat currencies
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April 14, 2017, 04:27:36 AM
 #52

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 this is can not happened because many people so smart to repair about network , they understand about it and they learn it..
so very impossible if network dead Smiley

 
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April 14, 2017, 06:20:27 AM
 #53

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 this is can not happened because many people so smart to repair about network , they understand about it and they learn it..
so very impossible if network dead Smiley
There are few scenarios that can make that possible to make the network dead. One of the scenario is a war like world war three, if that happen then it will be a chaotic situation for us because a lot of structures will be destroyed and everything can be destroyed by the powerful weapons that the different country have. If this scenario will going to happen then it will be easy for them to make the network die.
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April 14, 2017, 06:30:06 AM
 #54

in theory with two people connecting the client via lan, it's like having a home network for bitcoin, there must be a way to allow the client to recognize a sub network in case internet service provider can't povide their service

i'm sure that if there was no internet, with a WAN between miners, they can build the network of bitcoin withou internet, it's not so different than a mesh network
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April 14, 2017, 06:31:40 AM
 #55

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 ?
If that happen maybe all people have big problem with our finances if bitcoin become the main payment in the world.  But i think government have solution in that thing is happen they are all ready to fix any problems cause by bitcoin.  And i think its there a different way to buy our need not only bitcoin payment.

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April 14, 2017, 06:35:07 AM
 #56

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 ?

The only solution is to wake you up from your bad dream. The scenario that you are referring to happens only in Hollywood movies. Internet is not that easy that you close it, and it shall just shut off. And if it would become world payment then I am sure an offline method will be there to. However worst case scenario this happens, there are always contingencies planned for this. So you should not really be worried of this, as this in all sense is a fantasy.
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April 14, 2017, 06:43:28 AM
 #57

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 ?
This would not be possible in the future , it is because the future of our life will be more attached​ with the internet and no chance to disturb the internet by the technology . Second here we can see that what happened when the blockchain goes for the maintenance for one to two days , even the stop of the bitcoin deals the market remain active in other fields , so no doubt for the small time lost of whole internet will not  generate big problem for us , Because without internet if one cannot​ send then also reciver will not recieve , at that time that will be more better to take patience instead to do something new


That is wrong if internet will go down then bitcoin will also shut down. Even digital fiat currency will also shut down if internet was down and so all digital financial system dependent on internet will shut down. But if the world has already made a stable internet system such as that calamities will not hamper the internet connection then we can say that digital currency is ready to face the world.
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April 14, 2017, 06:43:42 AM
 #58

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 ?
Technically yes we can not make finansial transaction with bitcoin because of the internet network shut down
but it will not be happening although it happen, the developers will makes other solution with build new internet connection with different way that there are not bugs inside, so we can use bitcoin for payment transaction.
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April 14, 2017, 06:49:59 AM
 #59

If for some reason the internet goes down, I am sure something else will replace it. We humans are very much capable of great things and because necessity is the mother of all inventions, someone will come up with a solution in the case that the internet won't be there. Same ingenuity can be said about Satoshi Nakamoto, I would say.

Basically if there was indeed something that no longer can afford to do something previously done their loyal definitely use will move on to things that are almost the same or even better than before. Because most of the users are more concerned with themselves without looking at the existing problems and also everyone's needs is very dense, so it doesn't have much time to respond to something that could not give them an advantage. So, this is all rather than something a bad thing because I think all will never happen unless the Apocalypse
 
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April 14, 2017, 06:56:39 AM
 #60

I think powerful people who invested in digital currency won't let that happen. But if this scenario somehow happens - cash and precious metals will become a substitute (meanwhile currency rates will go crazy).
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