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Author Topic: What happens when there is NO electricity? How does one trade with BTC?  (Read 2852 times)
kingkonjac
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June 28, 2018, 05:02:50 PM
 #561

a simple solution can be to transfer the money from the cold wallet to the merchandiser cold wallet but also for it we would need at least a battery lap top or a device like it. 

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June 28, 2018, 05:47:01 PM
 #562

Lightning network may address this issue. If there are nodes for cities and countries, and every transaction should occur on that node. You do not have to connect to main blockchain until the payment gets out of node.
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June 29, 2018, 04:26:00 PM
 #563

We could not trade Bitcoin than, so it probably would be the end of Bitcoin. But I guess the whole ecosystem would crash than, so we crypto fans would not be the only ones, feeling the negative effects.

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June 29, 2018, 04:58:55 PM
 #564

I think in time this issue will be resolved and it will be possible to pay for crypto currency without light.
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June 30, 2018, 04:25:54 AM
 #565

Electricity is the main requirement of the bitcoun trasingbso if there are calamaty that cut electricity i think there ano possible to do bitcoin trading or even crypto activities
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June 30, 2018, 04:42:44 AM
 #566

for miners to operate the primary needs for it is electricity and connection to the internet to access and solve some equation that validates the transactions that had been made by us every time we send and receive a transaction miners are the ones responsible to check if that is really existing and correct then if does the transaction will proceed and we will complete our transfer.
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June 30, 2018, 05:13:54 AM
 #567

Electricity is not anymore a problem right now. There are many innovations in our technology, there are many alternative energy that we can replace in geothermal energy such solar and wind power supply. If there is no any source of electricity, mining will become useless and digital currency is worthless. But as of now, it is not yet a big problem.

 
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June 30, 2018, 05:17:39 AM
 #568

Electricity is the main requirement of the bitcoun trasingbso if there are calamaty that cut electricity i think there ano possible to do bitcoin trading or even crypto activities

Well, if this will happen only in a smaller area then it will not affect the bitcoin, also there are more high technology devices that can get power using the sun light or the wind so for me if this will not worldwide then this can address and fix easily.

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June 30, 2018, 11:48:41 AM
 #569

Electricity is the main requirement of the bitcoun trasingbso if there are calamaty that cut electricity i think there ano possible to do bitcoin trading or even crypto activities

Well, if this will happen only in a smaller area then it will not affect the bitcoin, also there are more high technology devices that can get power using the sun light or the wind so for me if this will not worldwide then this can address and fix easily.

That's it, if you turn off the electricity you can always run generators, alternative power sources, such as solar panels and more.
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June 30, 2018, 04:07:15 PM
 #570

How can you trade if there is no electric current? Lol
Do not be silly, bitcoin is included in the digital aset in that point you really need an electric current to make it live. If you do not have an electric current, do not expect to start trading bitcoins or anything. Bitcoin does not have a physical, if bitcoin has a physical then certainly you can trade even though there is no electric current though.
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June 30, 2018, 04:11:53 PM
 #571

If you or your friends do not have electricity due to natural disasters, you'd better concentrate on this and not on trading cryptocurrency.
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June 30, 2018, 06:52:45 PM
 #572

Most likely, people return to the sound money such as gold and silver which existed for milleniums. Without electricity and the Internet btc simply won't exist.
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July 01, 2018, 06:51:17 PM
 #573

We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity.  A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations?  

Can P2P trade still occur despite having any connection to the greater block-chain network?  Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations.  I assume that data would have to be relayed to a tower/dish before it's sent to satellites.  Am I correct?


we cannot see the world is growing and we are in the dark age without having a chance to make a changing to a better life and there will be any chaos that will happen in many places. and we cannot trade with bitcoin since bitcoin needed an internet connection to make people stay connected to the network and I think bitcoin itself is not introduced to people.
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July 04, 2018, 11:42:22 AM
 #574

In my opinion this is quite a silly question,  because how could you imagine the case in which we would be having a lack of electricity worldwide?
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July 04, 2018, 12:52:53 PM
 #575

We could not trade Bitcoin than, so it probably would be the end of Bitcoin. But I guess the whole ecosystem would crash than, so we crypto fans would not be the only ones, feeling the negative effects.

It can be the end of all Technologies. No electricity no mechanical life. Simple thing. All systems and machines will stop and nobody can help them.

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July 04, 2018, 03:13:24 PM
 #576

We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity.  A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations?  

Can P2P trade still occur despite having any connection to the greater block-chain network?  Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations.  I assume that data would have to be relayed to a tower/dish before it's sent to satellites.  Am I correct?


In my own point of view, if there are no electricity simply you cannot trade qith bitcoin or any cryptocurrency because if there are no electricity your computer and internet connection will not work, so therefore you cannot access in bitcoin or any sites. You need to find a place that there are electricity for you to trade with bitcoin.
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July 04, 2018, 04:07:29 PM
 #577

I don;t think anyone can use Bitcoin trade or exchange crypto without an internet or without electricity. Both are required for crypto currency since it is a digital currency. There is always risk involved in anything in this world and life without internet and electricity will be not possible in another 10 years from now and that time crypto will be very easy to trade.

 
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July 08, 2018, 11:37:14 PM
 #578

For countries which do not have any electricity or are short on internet facilities, for them to have a prior adaptability of bitcoin is economic suicide as you can not access the assets your invested in and since all of the assets are digitized they must be accessible at all times.
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July 17, 2018, 11:54:04 AM
 #579

We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity.  A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations? 

Can P2P trade still occur despite having any connection to the greater block-chain network?  Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations.  I assume that data would have to be relayed to a tower/dish before it's sent to satellites.  Am I correct?


No electricity means everything stops, You just simply can't access to the world what is bigger problem then no electricity is no Internet, government has the full right to stop the internet. It will be a new era of earning money.

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July 17, 2018, 12:49:02 PM
 #580

We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity.  A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations? 

Can P2P trade still occur despite having any connection to the greater block-chain network?  Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations.  I assume that data would have to be relayed to a tower/dish before it's sent to satellites.  Am I correct?


No electricity means everything stops, You just simply can't access to the world what is bigger problem then no electricity is no Internet, government has the full right to stop the internet. It will be a new era of earning money.
Wow, what a horrible question like just asking what happen to a wind mill if there is no wind. Electricity is always been a part of people's live in this advancing world and it cannot be take away and so on for the internet, bitcoin miners needs power source and therefore having no source then no miners and no miners then no transaction, but it would not be happen since blockchain is almost perfect by its design.

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