aioc
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April 19, 2017, 02:58:45 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 ?
The only solution is not to let this things happen,we need fiat and we also need bitcoin,let them co exist because it benefits all of us,I don't want bitcoin to be the main payment processor of the world,because the internet here in our country is very slow.
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pinggoki
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April 19, 2017, 03:15:16 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. Indeed, if internet is totally dead everyone will find a other way like using a cash on their daily transaction. However, I think will never gonna happen because if it occur the bitcoin will die. We all know that the only way to use bitcoin is through internet connection. Furthermore we were in the modern world they will never let that happen because it is the fastest way to communicate to others.
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ufaiz50
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April 19, 2017, 03:23:34 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 ?
we will go back to using cash/fiat, we need the internet to access bitcoin and Internet network paralyzed it will be difficult to happen because it was a setback for the modern world/technology era if indeed paralyzed it will not run long.
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GreenBits
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Activity: 1148
Merit: 1048
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April 19, 2017, 03:29:57 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 ?
The only solution is not to let this things happen,we need fiat and we also need bitcoin,let them co exist because it benefits all of us,I don't want bitcoin to be the main payment processor of the world,because the internet here in our country is very slow. Amen. Cash and digital currency/stored value are two different beasts, and serve completely different functions. .a bit of a maximalist, but I never want us to go.completely cashless. There are too many benefits, and I like the privacy cash provides from an increasingly intrusive government.
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shamzblueworld
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April 19, 2017, 03:36:51 AM |
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People will actually stop and wait for a small amount of time for Internet to be working again, and if it does not and people realize that its gone, we'll be back to the good old barter system then. Cash won't be a prominent option either as most of it is in the banks and it is highly unlikely that you would be able to get it all without Internet.
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btctousd81
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April 19, 2017, 05:12:08 AM |
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you can always use cash, and plastic money, i wonder what would happen if btc becomes main currency, will it wipe out real curency or at least plastic bank cards ?
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coynedterm
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April 19, 2017, 05:44:32 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 ?
In my opinion this is impossible according to the Current Status of the technology in the whole world . But here if you can suppose that the all internet of the world got stopped then it will not result in high flutuation in the bitcoin price , it is because the buyers and sellers will remain constant in the trading exchange , this will results into constant supply and and demand of the buyers and sellers . But no doubt for some altcoins it may results into big pump .
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Amph
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April 19, 2017, 05:53:26 AM |
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you can always use cash, and plastic money, i wonder what would happen if btc becomes main currency, will it wipe out real curency or at least plastic bank cards ?
it would, or at least the some country would not produced them anymore, think about the enormous amount of money saved, to produce stupid debit/credit card, and all the people that work for them bitcoin could really make them save a lot, therefore all the country that in the future decide to move on, on bitcoin, will be richer, the money would also be exchanged directly via bitcoin without the need to convert to the local currency
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DoublerHunter
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April 19, 2017, 07:48:04 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 ?
we will go back to using cash/fiat, we need the internet to access bitcoin and Internet network paralyzed it will be difficult to happen because it was a setback for the modern world/technology era if indeed paralyzed it will not run long. Cash or fiat will be the last option to us if internet will be totally dead but there will still complications because most of the banks now are dependent to the technology and most of them depend on the internet to have a faster transaction so i think if internet is gone it will take a lot of hours for the banks to just give money to their depositors and it will be a long time to back to the normal scenario because internet is one of the most used thing in the world.
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emezh10
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April 19, 2017, 07:53:14 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 think that is impossible because the bitcoin is internet base and the internet will not be paralyze or stock because it can handle the users and the internet us upgrading too sa that is impossible for me.
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speem28
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April 19, 2017, 08:02:13 AM |
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It's really hard to answer your question as it is not possible that the internet will be frozen for even a single minute, let alone that it can be paralyzed. As we are now in the modern era and are still going forward to modernization, we become more and more dependent on the INTERNET. I also doubt that there will be any circumstance that may paralyze or froze the internet, even so, we have lots of experts in the field that can immediately make a solution to such unexpected situation.
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roadbits
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Merit: 1000
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April 19, 2017, 09:04:55 AM |
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It's really hard to answer your question as it is not possible that the internet will be frozen for even a single minute, let alone that it can be paralyzed. As we are now in the modern era and are still going forward to modernization, we become more and more dependent on the INTERNET. I also doubt that there will be any circumstance that may paralyze or froze the internet, even so, we have lots of experts in the field that can immediately make a solution to such unexpected situation.
Yup very hard to answer this question, and it is good to question anything can happen in this world. But according to me also this will never and ever happen. Because now most of the work depends on the internet. If suppose internet stopped means we can't imagine that situation. But for every problem, there will be a solution. So we will get some other option to use Bitcoin.
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bartolo
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April 19, 2017, 09:11:01 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 ?
In this scenario it is clear that payments could not be made with money, that would mean that in day-to-day people would use the barter system until the situation was fixed. Anyway, if this happened today, the same thing would happen. To this day internet is a must for everything. Everything is connected by the network, if the internet stopped working nothing would work, the world would be paralyzed.
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dunfida
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Activity: 3276
Merit: 1159
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April 19, 2017, 09:11:30 AM |
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It's really hard to answer your question as it is not possible that the internet will be frozen for even a single minute, let alone that it can be paralyzed. As we are now in the modern era and are still going forward to modernization, we become more and more dependent on the INTERNET. I also doubt that there will be any circumstance that may paralyze or froze the internet, even so, we have lots of experts in the field that can immediately make a solution to such unexpected situation.
Yup very hard to answer this question, and it is good to question anything can happen in this world. But according to me also this will never and ever happen. Because now most of the work depends on the internet. If suppose internet stopped means we can't imagine that situation. But for every problem, there will be a solution. So we will get some other option to use Bitcoin. I cant think off on the situation when theres no internet and yes possibilities of getting that happen is there but would hard to believe to happen on these days and you are right most of works now does really need internet and without it which means all factors or components would be much affected not only on works but all on things that involves internet and its normal that bitcoin wont work when theres no network.
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Wesimon
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Activity: 406
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https://gexcrypto.io
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April 20, 2017, 05:45:16 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 ?
In this scenario it is clear that payments could not be made with money, that would mean that in day-to-day people would use the barter system until the situation was fixed. Anyway, if this happened today, the same thing would happen. To this day internet is a must for everything. Everything is connected by the network, if the internet stopped working nothing would work, the world would be paralyzed. Yes and governments, organizations and international bodies will not let that happen. If at any point that the internet is paralyzed, the governments will do anything just to fix this problem. Since there are many experts that specializes is the field of technology then fixing the internet is not too difficult for them.
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Frank Alister
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Activity: 99
Merit: 10
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April 20, 2017, 07:12:26 PM |
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It will be very difficult for us, who use btc, because we will lose our money. Also we will return, to time which believe anything they say in the newspapers and tv. We won't the opportunity to communicate and our economy will have bad results. Also many people are working only online, so they will lose their jobs too. In the end, only bad things will happen
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ethereumhunter
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April 20, 2017, 07:42:18 PM |
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It will be very difficult for us, who use btc, because we will lose our money. Also we will return, to time which believe anything they say in the newspapers and tv. We won't the opportunity to communicate and our economy will have bad results. Also many people are working only online, so they will lose their jobs too. In the end, only bad things will happen the hard thing that maybe we should have is we can not communicate with other people in other city or other country, many of communication and economic will disable and we are back in stone ages. i can not imagine if this is happen because we live in this year with so many easier thing that allow us to make relationship with other people.
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PeRo
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April 20, 2017, 09:00:08 PM |
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I think that we would still have cash as an alternative, so just use cash. But the internet couldn't be paralyzed for a long time if even possible, so I would not panic about that. If it was possible, I would not put all my money in Bitcoin, even if it would be the main currency, cash would still be more safe.
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The_Dark_Knight
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April 20, 2017, 10:38:47 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 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 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 I will hate World War 3 to happen but it is not just a fantasy the possibility is there, just stop and think there have already been two world wars so a third one is not out of the question, in fact back in the day before the first world war, some were predicting that a conflict like no other was on the horizon no one believed them and they were right.
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susila_bai
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April 20, 2017, 10:44:13 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 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 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 I will hate World War 3 to happen but it is not just a fantasy the possibility is there, just stop and think there have already been two world wars so a third one is not out of the question, in fact back in the day before the first world war, some were predicting that a conflict like no other was on the horizon no one believed them and they were right. Even if their is world war 3 to happen that will be the deadliest one as even you wont be knowing that you are living in the world war 3 zone as their are so many option of todays war like attacking other network sites and so on that is going on todays war situations.
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