What will happen to Bitcoin if China shuts all physical Internet cables.

[erict]

Then there will be a big LAN in Asia without physical connections to the outside Internet, Resulting in another small Internet emerging.
And we know there are large harshpowers in China.

Then what will happen to Bitcoin?
Will there be two Bitcoin systems co-existing?

[TheCoinFinder]

China government's ban on cryptocurrency exchanges is representing a plain threat to bitcoin.
Since a large amount of hash power provided by miners arrives from china and such regulation would reduce hash power.
What will happen to bitcoin if china shuts all sources of cryptocurrencies, we see people fall under pressure and start selling bitcoins but this act can't kill bitcoin anyways.

[pooya87]

bitcoin will have a much more smooth rise and a bigger one with no more big drops.

because if your unlikely scenario happens, we will get rid of the biggest source of FUD which has always created a lot of chaos in the market. and on top of that people will finally realize that bitcoin is a decentralized currency and it won't matter when some government does weird stuff.

[Realist247]

Then there will be a big LAN in Asia without physical connections to the outside Internet.
And we know there are large harshpowers in China.

Then what will happen to Bitcoin?

Bitcoin will be dead and otherwise unusable to anyone within Chinese territory.  China is very skilled at censorship.  The only way to sell your coins would be to physically leave China if there was to be a complete firewall ban.

[Realist247]

bitcoin will have a much more smooth rise and a bigger one with no more big drops.

because if your unlikely scenario happens, we will get rid of the biggest source of FUD which has always created a lot of chaos in the market. and on top of that people will finally realize that bitcoin is a decentralized currency and it won't matter when some government does weird stuff.

You don't understand anything about China and their ability to censor do you?  Furthermore to eliminate 1.4 billion people from the crypto equation is not something that you or anyone else heavily invested would want.  I GUARANTEE THAT.

[chip211]

Then there will be a big LAN in Asia without physical connections to the outside Internet.
And we know there are large harshpowers in China.

Then what will happen to Bitcoin?

What if it came true and BTC really died if that came, but everything is unpredictable in the future and it will never become an outcast.

[Daniel 777]

Then there will be a big LAN in Asia without physical connections to the outside Internet.
And we know there are large harshpowers in China.

Then what will happen to Bitcoin?

China is Seller country  they want to sell anythings so that they will never  ban bitcoin but if you ask for just knowledge not for real  bitcoin will loss more than 2000$

[Realist247]

Then there will be a big LAN in Asia without physical connections to the outside Internet.
And we know there are large harshpowers in China.

Then what will happen to Bitcoin?

China is Seller country  they want to sell anythings so that they will never  ban bitcoin but if you ask for just knowledge not for real  bitcoin will loss more than 2000$

The Chinese government doesn't care if their citizens are selling coins or not.  Bitcoin is considered shameful to their central control and goals for capital controls.  They intend to put a stop to it and Bitcoin will be one of the first capital vehicles to go once the crackdown begins.  Stop fooling yourself with this silly "they want money" concept.  It's a stupid lie perpetuated by the stupid or liars on this forum.

[Kyraishi]

Then there will be a big LAN in Asia without physical connections to the outside Internet, Resulting in another small Internet emerging.
And we know there are large harshpowers in China.

Then what will happen to Bitcoin?
Will there be two Bitcoin systems co-existing?

First of all this will never happen. What will happen to transnational corporations if they can't even establish connections to the outside world? It wouldn't make sense, otherwise the entire Chinese economy will shut down as corporations either shut down or relocate overseas.

Even if it happens, worst case scenario we lose all hashpower from China, which is actually a good thing. It keeps the network decentralized. I'm sure even if it does happen, there will be ways around it to use bitcoin.

[Techius]

There would be two different Bitcoin environments. It'd be fucking bad since there would be different transactions but on the "same" block. It's okay like that when it's closed off, but if they were to reconnect it'd be terrible.

[13abyknight]

The possibility of this happening is almost nil because if China pushes this kind of a move, it would be nothing less than another North Korea to other countries. Their relations with Russia and USA become questionable.
As far as Bitcoin is concerned, there would definitely be another fork with a big Chinese group being the major players or China could themselves begin a new coin backed by the communist government just like Japan's J-coin idea.

[smartbitcoininvestor]

Nothing would technically "happen" to Bitcoin. it would still exist and people across Earth could still make transactions on the blockchain.

There would, however, be an effect on mining and subsequently mining block reward sizes and the overall viability of mining Bitcoins here in the United States. So this kind of news could have a large impact with those who are thinking about mining Bitcoin, especially since the upcoming Bitcoin Gold fork is centered around GPU mining.

[n0ne]

Such a situation never prevails, because at present without internet connectivity the entire system of the country won't function in a perfect manner. Everything goes before generations to the stone age, even if everything gets cut automatically the rest of the coins in circulation will make its usage.

[Karpeles]

This is quite unrealistic, unless in a 3rd world war scenario.

Cut themselves off internet would make stuff like banks and GPS's not work too.

Would be suicide, unless they are on the brink of the death anyway

[prettyij]

Bitcoin will be dead and otherwise unusable to anyone within Chinese territory.  China is very skilled at censorship.  The only way to sell your coins would be to physically leave China if there was to be a complete firewall ban.But the chinese government doesn't care if their citizen are selling coin or not!!

[jorneyflair]

Then there will be a big LAN in Asia without physical connections to the outside Internet, Resulting in another small Internet emerging.
And we know there are large harshpowers in China.

Then what will happen to Bitcoin?
Will there be two Bitcoin systems co-existing?

I'm sure that there will be plenty of ways to get around this. It would be pretty easy for people to still operate a bitcoin wallet with SMS commands still, even if all else fails. This is proven to work even in remote areas. Bitcoin is extremely versatile.

Why would the government even do this, just to ban bitcoin?

It is completely unfeasible for them, and it'll probably spark public outrage.

[kevoh]

Well, it has not happened and I don't see this happening either. Let us leave bitcoin aside for a moment, shutting down all physical Internet cables is tantamount to reverting to stone age. Bitcoin is not the only that is going to be affected, major businesses that rely only on the internet becomes adversely affected too. As for the other side of the world not in stone age, we will absorb the shock and get through it. Bitcoin might lose a large chunk but the market will get used to it.

[Realist247]

You people are lost.  You don't know how internet censorship works.

China can block any and all information in regards to cryptos and especially BTC without affecting any other business.

Yes, it's that simple and they CAN do it.  China has been doing this kind of censorship for at least 20 years now.

If you think they can't erase BTC from the public memory, you are the ones that don't understand how easily it is to control and end BTC.

[crismass1225]

First it will not Happen, Keep in mind that china is a big country and one innovating class country, what do you think happen in their economic status if they shut down there connection to the other world, what will happen to their country after that. They will lose their path/way to improve and develop more. When it regard to Bitcoin i believe they can easily erase it to many people even using their so called censorship works. Many of them know the potential of bitcoin in their country and to their improvement shutting it down totally can lead them to lost.

[xuan87]

Then the country can't access to Bitcoin and for sure they will create their own coin and Bitcoin will be erased from the exchanger, Bitcoin need internet to be able to work
But it won't happened, now all of the world really need internet, if the china shut down the internet then the country will become solitaire and it will affected their economic
For us the Bitcoin users,the price will drop and gradually will recover, so the effect is going to be short term