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Author Topic: Does myanmar illustrate bitcoin's next evolution  (Read 218 times)
Renampun
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March 26, 2021, 06:31:28 AM
 #21

...
this has been thought by Elon and his Starlink is freedom for humans...
Everything Elon is doing is very good for mankind and Elon Musk has told us very often that he is very interested in cryptocurrencies. the future is where we can be independent with satellites and also transact without worries.



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March 26, 2021, 06:32:09 AM
 #22

How can you use the Internet to do your transactions if the military is in control of what is happening and they have everything at their disposal for surveillance. Internet is decentralized in a way but the country can still control as to who is going to access it. And your dream of satellite Internet is not yet a thing as far as I know, maybe Starlink has the concept but I think that it won't be happening yet.

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March 26, 2021, 08:02:24 AM
 #23

Rolling internet blackouts have been imposed by the state, wiith VPN's and access to social media blocked.
vpn's and social media uses internet so if there is no internet both of this two are obviously not useable  .

Consider if you will a future where bitcoin is widely supported across satellite internet services like Elon Musk's starlink. With users having uninterrupted access 24/7 via satellite internet based PCs and smartphones. Natural disasters could knock out local power grids, local internet service could shut down. And HODLers would still have access to their coins and electronic payment through the use of satellites in orbit and sat net phones.
this satelite can only provide uninterupted signals but what if the power lines are the one that is destroyed by the natural calamities or included in the ban , satelites are still going to be useless but experts should take a consideration to what happen to myanmar and start developing satelite internet because it was useful not just for crypto but also for our daily use
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March 27, 2021, 03:40:52 AM
 #24

Consider if you will a future where bitcoin is widely supported across satellite internet services like Elon Musk's starlink. With users having uninterrupted access 24/7 via satellite internet based PCs and smartphones. Natural disasters could knock out local power grids, local internet service could shut down. And HODLers would still have access to their coins and electronic payment through the use of satellites in orbit and sat net phones.

While this scenario may not sound cost effective or "too futuristic" to some. There are satellite capable phones on the market for $500:

https://www.amazon.com/BlueCosmo-Inmarsat-IsatPhone-Satellite-Included/dp/B01AKR983M/

What would it take for satellite based bitcoin BTC nodes to exist.

And what would it take for users to have satellite capable communications to support a hardened orbital blockchain capable of weathering natural disasters and local power outtages?
Well you’re right, but whether satellite or the normal networks, your Bitcoin or cryptocurrencies will still be there on the internet, the best thing the government will do it’s shut down network for sometime, you will only lose access to it for that time until you’re able to get to a place where there is network connection or they (government) releases the network again.

But still having Satellite as internet would be cool, I have as well read of Google’s internet and the one of Facebook, how they are all planning to bring internet for free, although I have also heard that some network companies have kicked against that idea because it’s going to be a spoil for their business.

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March 27, 2021, 04:15:22 AM
 #25

Excellent thought here with the satellite based phones and PC. I mean it would be astounding to see such technologies around and where bitcoin is the way of currency. With Fiat there are many limitations which will be surpassed by bitcoin.

If Elon musk is able to get payments in the form of bitcoin for Tesla project then he would love to get paid for starlink in the same manner.

I’m started to feel like those movies Stat Wars and there trading in the virtual form is gonna be reality soon. Smiley
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March 27, 2021, 04:23:27 AM
 #26

Unfortunately, this possibility exists in my country as well. A few years ago the government banned the Internet in the country and banned many websites. It is also possible in countries where wars are raging that the Internet is completely destroyed and people lose access to their wallets, it will be very necessary to think about the existence of alternatives to the Internet. Local authorities in the event of such problems so as not to lose access to your wallet and accounts.
I think the only option that currently exists is satellite internet, even if it costs a lot of money but it is better than losing your wallet and all your encrypted assets.

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March 27, 2021, 05:37:27 PM
 #27

The Bitcoin coup was an injection of liberalism that the West influenced and it had nothing to do with Bitcoin.  I think Bitcoin is just a tool and it serves a variety of payment purposes.
Myanmar will soon get over the riots and the people will soon realize that what they did was wrong.  They need more reason than they focus on subverting the state.
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