n2004al
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April 14, 2017, 05:34:07 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 ?
This situation is not real and cannot be verified. It will be the same if we can tell if the life on the Earth ceased. In case of this apocalypse the end is clear. Near the same situation the humanity will be even if internet will be dead. Will be a big mess. But the pools of bitcoin are there and with the begin of internet everything will begin to work the same as before.
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Donceng
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April 14, 2017, 06:47:28 PM |
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If the Internet network die so much at a disadvantage, because the current era of the internet is required by almost all people in the world, of which are used as a means of doing business. Thus the internet is very important in everyday life.
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crazycatwoman03
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April 15, 2017, 03:47:14 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. A very straightforward answer. You have mentioned that bitcoin just became the main payment instrument, this can mean that other currencies are still accepted for performing money transactions. I agree with him that if ever internet network is paralyzed, using cash will solve your stated problem. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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INVALID BBCODE: close of unopened tag in table (1)
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Astvile
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April 15, 2017, 03:50:58 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 ?
Then use a fiat currency instead.If bitcoins will become a main payment intrsument in the world well that doesnt mean that fiat currency will be vanished and wipe out too.You can still use fiat currency as mode of payment for services in country even tho bitcoins has become mainstream
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The_Dark_Knight
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April 17, 2017, 05:46:09 PM |
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i think the best is to transact with cash,internet should not be a problem in transacting business.
The problem is there is not enough cash, if the internet failed just for a few days there will be chaos since you could not buy groceries or anything probably we will have to do some barter since there will not be enough cash for most people to satisfy their daily needs. Funny, if you do not have enough money maintain your daily then pass the mailers to the any organization they may help you. I think in future we do not need to spare more money on internet as the world moving the IT globalization. However, with the help of internet only bitcoin getting transacted and we are network fee for miners to help it transacted. I was not talking in the general sense but in the case of a crisis since most of the money is now in electronic form so most people don’t hold any kind of cash anymore, especially in first world countries, so it is unlikely that in the case of a small crisis they will have enough money to satisfy their needs, this happens in small scale every time there is an earthquake or a hurricane, now imagine that in a global scale.
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sikke
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April 17, 2017, 07:00:03 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 ?
Then use a fiat currency instead.If bitcoins will become a main payment intrsument in the world well that doesnt mean that fiat currency will be vanished and wipe out too.You can still use fiat currency as mode of payment for services in country even tho bitcoins has become mainstream That is why i think that any idea of replacement the fiat by digital systems and payments through web is not a good idea. There is always a chance that the network is going to be paralyzed because of some reason, hackers attack,DDoS or just really huge traffic, and that is the reason why we should rely only on the web and online systems. We always should have some kind of emergency, because we cannot predict every event that will occur, thus it is not wise to depend only on one option. Im sure that even if most of the countries on the planet will replace their cash money with bitcoin or different digital asset, some of countries will use their currency, in form of bank notes.
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MancyZz
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April 18, 2017, 04:49:29 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 ?
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](https://bitcointalk.org/Smileys/default/smiley.gif) 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. hahaa world war three? you're kidding man? may be you right because if world war three wll going to happen all in the round if die too ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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zeze18
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April 18, 2017, 05:45:02 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 ?
Then use a fiat currency instead.If bitcoins will become a main payment intrsument in the world well that doesnt mean that fiat currency will be vanished and wipe out too.You can still use fiat currency as mode of payment for services in country even tho bitcoins has become mainstream That is why i think that any idea of replacement the fiat by digital systems and payments through web is not a good idea. There is always a chance that the network is going to be paralyzed because of some reason, hackers attack,DDoS or just really huge traffic, and that is the reason why we should rely only on the web and online systems. We always should have some kind of emergency, because we cannot predict every event that will occur, thus it is not wise to depend only on one option. Im sure that even if most of the countries on the planet will replace their cash money with bitcoin or different digital asset, some of countries will use their currency, in form of bank notes. I agree with you, it might be time manager and developer of bitcoin find solutions and innovations on how to use bitcoin transactions offline system
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doomloop
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April 18, 2017, 04:52:36 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 ?
This situation is not real and cannot be verified. It will be the same if we can tell if the life on the Earth ceased. In case of this apocalypse the end is clear. Near the same situation the humanity will be even if internet will be dead. Will be a big mess. But the pools of bitcoin are there and with the begin of internet everything will begin to work the same as before. I think if this situation happen then the engineers and workers of the internet will not be calm , ofcourse they will do great efforts for its repairing and I think this situation will be temporary.
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jak3
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April 18, 2017, 05:29:34 PM |
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if the whole internet goes down then i am afraid the full bitcoin network will be dead as there is no definate server there to keep it alive. and lets suppose if it serviced the crash then also it will be very very week during the first minutes of startup and anyone can attack the bitcoin network at that minute. by the way if bitcoin goes down then we only have faint currency left on the market
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cryp24x
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April 18, 2017, 07:51:57 PM |
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If the internet is bound to die, and the developers are aware of it, then probably they will definitely find way to solve it. They can either use other method of connecting to other people like bluetooth, intranet, etc. This is more likely not to happen but if ever, there is a not more likely solution for this. If bitcoin is the main currency, government will do everything to stop its demise.
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Wesimon
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April 18, 2017, 08:26:22 PM |
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if the whole internet goes down then i am afraid the full bitcoin network will be dead as there is no definate server there to keep it alive. and lets suppose if it serviced the crash then also it will be very very week during the first minutes of startup and anyone can attack the bitcoin network at that minute. by the way if bitcoin goes down then we only have faint currency left on the market
May I ask in what particular aspect in the bitcoin network will these attackers will attack? I am not a technical person about these type of events so my curiosity was just triggered. As a decentralized cryptocurrency, it only needs internet in order for it to exist. So if this internet being dead, bitcoin will obviously freeze. When the internet is restored, even in just areas, bitcoin will be up and running again right. How come that bitcoin will be weak from the first minute of startup knowing that bitcoin is decentralized and no server to be attacked?
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Souldream
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April 18, 2017, 08:36:59 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 ?
We will just have to go back in using cash as mode of payment, This will be the only option in that time if it ever happens.
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notiely
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April 18, 2017, 08:42:10 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 ?
Use cash. I guess maybe cash would be dead earlier than the internet. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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KennyR
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April 18, 2017, 10:01:15 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. I guess maybe cash would be dead earlier than the internet. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Cash system never dies. It is the base for entire economy as well the financial functioning in a country. Now the cash system too have interlinked with the internet. So even for successful cash transactions internet is a must, so the internet gets high updation rather than going dead.
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Wowcoin
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April 18, 2017, 10:18:24 PM |
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If that happen bitcoin become useless because we know that bitcoin if no internet connection bitcoin become dead. So internet is very important to our life especially to those have knowledge about bitcoin.
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QuestionAuthority
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You lead and I'll watch you walk away.
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April 18, 2017, 11:15:56 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. I guess maybe cash would be dead earlier than the internet. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I'm not positive about it but I think cash slightly predates the internet. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2F3%2F34%2FCommon_Roman_Coins.jpg%2F460px-Common_Roman_Coins.jpg&t=665&c=Fi67DTDaO11rSQ)
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machinek20
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April 18, 2017, 11:39:16 PM |
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If the internet is dead then we will just back to used cash, bitcoin is a digital transaction to used it we need electricity and internet, so if the internet is down then we wont be able to used it, then we will used the old way, using cash to do transaction, there is no other way to solve this
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the rise
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April 19, 2017, 02:28:14 AM |
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If the internet is dead then we will just back to used cash, bitcoin is a digital transaction to used it we need electricity and internet, so if the internet is down then we wont be able to used it, then we will used the old way, using cash to do transaction, there is no other way to solve this
We live in digital era, most likely will happen is an increase in internet services rather than vice versa, it is true if there is no internet we couldn't access bitcoin, but I think if the time that happens, bitcoin has created coins and paper that are regulated by government, in the future of all internet technology will be more free and more advanced than the wi-fi system.
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Vixmore
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April 19, 2017, 02:31:14 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 ?
I don't think that anyone could predict what would happen if the internet network died. But the chances of that happening is very low.
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