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Author Topic: What will happen to the Bitcoin network if Russia blocks access to the internet?  (Read 792 times)
zasad@
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March 17, 2022, 08:31:05 AM
 #81

Russia is considering shutting down the internet connection to the rest of the globe. What will occur? Is the hash rate decreasing? What will happen if the connection is re-established in a few years?

Possibly Putin might not have thought of the implications on the other side because as at now, situation of their economy system is bad not to talk of how their currency was devalued, most bitcoin investors leaving the country to seek for a new start, although the effect does not have anything to do with the hash rate as i believe most of the miners too would have seek to relocate to a safety location.
In Russia, Facebook, Twitter, Instagram have been very quickly turned off lately. Now they intend to turn off the Internet completely. The first thing to ask is, what is the purpose of this?
The Putin regime wants to prolong its existence by hiding from its people the course of the war in Ukraine and the heavy losses of Russians in manpower and equipment, so that the indignation of the people does not turn into destructive riots with the overthrow of power. Putin does not care about his people, and the economy, and the Internet, and cryptocurrency. He is doing everything he can to keep  in power a little longer. Stupid, insane old man... Coffins all the same massively went to all corners of Russia.
Your problem is that you believe the news that publishes the wrong information. These services work in Russia, they are blocked for some providers, and for some they work even without VPN. VPN allows you to use all foreign services. Also, all blocked VPN services work in Russia.

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March 17, 2022, 02:42:28 PM
 #82

Russia is considering shutting down the internet connection to the rest of the globe. What will occur? Is the hash rate decreasing? What will happen if the connection is re-established in a few years?
Not sure about other cryptos, but least in the case of Bitcoin.. You need neither grid power nor internet. Battery backups, solar power, hydro power, distributed nodes across the whole world that can broadcast across satellite  or even radio waves.  There are alternate ways to access it.

Bitcoin is increasingly attractive because it can adapt to conditions and needs, this is what makes us never worry about the future of bitcoin, even when the war is then bitcoin is always attractive than fiat or other assets, bitcoin will continue to be valuable and attacks on bitcoin never succeed until now.


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April 02, 2022, 06:53:11 PM
 #83

Russia is considering shutting down the internet connection to the rest of the globe. What will occur? Is the hash rate decreasing? What will happen if the connection is re-established in a few years?

Nothing will occur to crypto currency (Bitcoin) but the people who are Trading with Bitcoin, and those who are into the business of buying and selling will also shut down. And that will cause Immigration. The crypto users in Russia will travel to another nearby Countries to do their business. And also that will increase the economy of the nearby Countries.
What will happen is that Russia economy will also shut down. And Russia might even lost the war, because most of the nuclear weapons are connected to the internet. They are control from ip address. Therefore, Russia being one of the highest technological Country in the whole world will not shut down her internet but will only restrict some areas of operation. So the people can use the areas that there is network. But remember, shutting down of network will never affect Bitcoin but the people.

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April 02, 2022, 07:51:28 PM
 #84

Maybe for some time period the hash generated out of Russian mining firms gets lowered. Russia won't restrict the usage of internet. If Russia has been affected out of the bitcoin, then it might've taken measures to stop the internet usage within the country. More sanctions were on Russia, and this has affected the country's economy. Slowly Russia have been making plans and the usage of bitcoin have helped them leave the country and work in a completely normal region.

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April 03, 2022, 07:18:56 AM
 #85

Russia is considering shutting down the internet connection to the rest of the globe. What will occur? Is the hash rate decreasing? What will happen if the connection is re-established in a few years?

Possibly Putin might not have thought of the implications on the other side because as at now, situation of their economy system is bad not to talk of how their currency was devalued, most bitcoin investors leaving the country to seek for a new start, although the effect does not have anything to do with the hash rate as i believe most of the miners too would have seek to relocate to a safety location.
In Russia, Facebook, Twitter, Instagram have been very quickly turned off lately. Now they intend to turn off the Internet completely. The first thing to ask is, what is the purpose of this?
The Putin regime wants to prolong its existence by hiding from its people the course of the war in Ukraine and the heavy losses of Russians in manpower and equipment, so that the indignation of the people does not turn into destructive riots with the overthrow of power. Putin does not care about his people, and the economy, and the Internet, and cryptocurrency. He is doing everything he can to keep  in power a little longer. Stupid, insane old man... Coffins all the same massively went to all corners of Russia.
Your problem is that you believe the news that publishes the wrong information. These services work in Russia, they are blocked for some providers, and for some they work even without VPN. VPN allows you to use all foreign services. Also, all blocked VPN services work in Russia.
The point is not how well Putin and his entourage are able to block the population's access to objective information, including about the progress and results of the war of conquest they unleashed in Ukraine. The very fact that such unprecedented measures for civilized countries are applied in Russia is important. And information about a possible shutdown of the Internet in Russia, most likely, indicates that the measures taken earlier did not achieve the desired effect. Apparently, they will not dare to turn off the Internet in Russia, since information about the events in Ukraine is rapidly spreading in the regions of Russia, and this extreme measure becomes meaningless.
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April 11, 2022, 12:54:21 AM
 #86

The truth is that I do not create a scenario where Russia blocks the internet, under no circumstances will it do so, since it has a series of sanctions that do not allow it to be free as they have always been, on the contrary, through the internet it is the only way out they have to be able to access certain privileges and I imagine the excessive use of VPN to be able to enter certain sites or platforms because I understand that the sanctions extend to internet sites, payment systems and anything that has to do with giving ease for them. That is why everything that is with btc or cryptocurrencies, or sites that give them access such as Exchanges, casinos, must reign. among others.

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April 11, 2022, 07:27:42 AM
 #87

The truth is that I do not create a scenario where Russia blocks the internet, under no circumstances will it do so, since it has a series of sanctions that do not allow it to be free as they have always been, on the contrary, through the internet it is the only way out they have to be able to access certain privileges and I imagine the excessive use of VPN to be able to enter certain sites or platforms because I understand that the sanctions extend to internet sites, payment systems and anything that has to do with giving ease for them. That is why everything that is with btc or cryptocurrencies, or sites that give them access such as Exchanges, casinos, must reign. among others.
It is difficult for us to predict the actions of governments and therefore, we don't know what the possible scenario of events will be. I don't exclude the possibility of blocking the internet in Russia. Why do you exclude such a possibility of events? In China, for example, they managed to implement this and now they have an ecosystem. As you remember, their mining also ceased to exist. If the network is blocked in Russia, events will develop in much the same way as in China: first, the hashrate will fall, and then it will recover after moving miners to other regions with favorable conditions.

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