Mauser
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June 03, 2023, 06:18:47 AM |
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If government shut down internet service even on fixed line connection then there will be complete internet blackout in the country and in that situation we cant use bitcoin.
I think this is also one of limitation of bitcoin that we need internet to use it.
I am sorry to hear about your struggle with having a reliable internet connection in Pakistan. Hopefully this is a not regular occurrence as limits your life considerably in the 21th century. It's true that internet is the main issue that leads to problems we can face when dealing with crypto currencies, but we should be aware that internet is being advanced and new ways are developed. The biggest game changer is going to be Starlink from Elon Musk which as already around 4000 satellites in orbit from the required 10,000 they need to cover the world. Once we can use the internet via the sky around the world and don't need internet cables or cell phone coverage, life will be much easier. Especially in remote areas where there is no cell phone coverage we will be able to finally use the internet without issue. In case you have regular internet issues you could contact Elon Musk via Twitter and ask him for help, maybe he can setup Starlink in your town like he did with Ukraine.
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Oasisman
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June 03, 2023, 06:32:34 AM |
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It is undeniable that internet and electricity are two very important things because without this, it can be a big problem. We cannot iperate and do any transaction without them. Moreover, this is not only for the impact for Bitcoin but also almost all activities especially related to global activities. That is because this is a product of digital technology. but, with this, I am sure that this will be always going on because this world has been always developed and developing, so this internet will always exist
I also agree, electricity and the Internet is the most important factor in the current era. Without electricity, many Industries will be incapacitated since all industry that is dependent on machinery will stop functioning. That also includes the internet providers. I myself would agree to it, electricity and internet connection are all essential not only with bitcoin transaction, but almost everything depends on it. These things may not be something we're going to worry about when transacting with bitcoin, because we have been developing more ways to generate electricity and internet service provider were also expanding as well as the technology behind it. So, I won't really consider it a limitation to bitcoin. The limitation of bitcoin is when the people stops using it and the miners put a stop in their operations, that my friend is the limitation.
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justdimin
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June 03, 2023, 06:45:30 AM |
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Internet isn't a limitation to bitcoin. Internet is an integral part of bitcoin and Bitcoin would be nothing without it. So saying internet is a limitation of bitcoin is a huge fallacy.
Whatever plight you might be facing lies with your government and not internet.
The only advise I can offer it's to get a reliable VPN for internet access in other countries
You nailed it newbie, the problem isn't the internet but the country that OP is from, he can get rid of this problem in two ways and one is more convenient than the other. 1. He can leave that country behind and move to another if you really want to build a foundation around Bitcoin and crypto, I have see too many people leaving their motherland and move to a foreign country in search of a better life. 2. He can subscribe to a satellite internet providers instead but this have it's cost and also you will need to be in a remote area where there is less activities because your satellite dish will be outdoors for it to get a good signal everyday and people will see it, with gossips going around people will know that you are the only one using the internet, in a country that doesn't want it, sounds like it's against the law in the country? its on you to make a good decision, if the internet is limiting your potential or opportunities you need to get your ass out of that country before you get too old and can't fo anything anymore. Moving to another nation is not the solution, this is the solution for newer generation that doesn't understand that if we keep taking the L, then we are going to see every government do the same eventually. You can't just hop to another nation if you are poor and no other nation takes you as well. Like if I wanted to just move to UK and start living there, that's it, just live there and work there and spend rest of my life there, do you think they will accept me? Why would they? This is why the better method is to get into politics and start changing things from within, if you can do that then you are going to be doing a lot better. I know that it is not going to be an easy thing to do and may take years to change something or you may even fail to change it, but you need to try.
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Raceonsucced
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June 03, 2023, 07:17:32 AM |
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What you say is true. Bitcoin will not work if there is no internet. That's why the internet is needed. Because from the internet everything works.
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Haunebu
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June 03, 2023, 07:24:16 AM |
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It isn't really a limitation op since internet getting shutdown everywhere is literally impossible these days. Internet issues come and go everywhere, but you will never observe global internet shutdown for obvious reasons.
This is also why BTC won't just disappear out of the blue someday. BTC, other popular cryptocurrencies and the blockchain tech are here to stay.
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bayu7adi
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June 03, 2023, 07:35:17 AM |
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I am facing a real world issue that prevents me from using Bitcoin.
I live in Pakistan and for last three days cellular internet service all across the country is suspended because of prevailing law and order situation. Internet is working on fixed line connection that is reaching homes. So there is still some connectivity available.
If government shut down internet service even on fixed line connection then there will be complete internet blackout in the country and in that situation we cant use bitcoin.
I think this is also one of limitation of bitcoin that we need internet to use it.
The nation will not abolish the internet without clear justification. It is widely understood that the internet's presence has become an essential network in all aspects of society. From communication, business, education, e-commerce, entertainment, and more, the internet serves as a vital backbone. If a country were to lose internet access, it would result in the stagnation and suboptimal performance of numerous business sectors. Such a situation would only be detrimental to the country in question. Except for North Korea. I am perplexed by North Korea's ongoing restriction on its population, denying them the freedom to engage in activities like those living in other countries.
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rat03gopoh
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June 03, 2023, 08:24:34 AM |
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The nation will not abolish the internet without clear justification. It is widely understood that the internet's presence has become an essential network in all aspects of society. From communication, business, education, e-commerce, entertainment, and more, the internet serves as a vital backbone. If a country were to lose internet access, it would result in the stagnation and suboptimal performance of numerous business sectors. Such a situation would only be detrimental to the country in question. There are times when such a political crisis can force the situation to go without the internet even though the impact is huge in various sectors. But all these setbacks can be recovered slowly by returning to conventional systems, say, what people did 2 decades ago before the internet became a major element. Except for North Korea. I am perplexed by North Korea's ongoing restriction on its population, denying them the freedom to engage in activities like those living in other countries.
Infrastructure restrictions in North Korea are carried out by imposing cruel sanctions on individuals, so that they don't need technical arrangements to implement restrictions. Normally, anyone can still access the internet there if they have the courage.
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Minecache
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June 03, 2023, 08:25:44 AM |
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It is undeniable that internet and electricity are two very important things because without this, it can be a big problem. We cannot iperate and do any transaction without them. Moreover, this is not only for the impact for Bitcoin but also almost all activities especially related to global activities. That is because this is a product of digital technology. but, with this, I am sure that this will be always going on because this world has been always developed and developing, so this internet will always exist
I also agree, electricity and the Internet is the most important factor in the current era. Without electricity, many Industries will be incapacitated since all industry that is dependent on machinery will stop functioning. That also includes the internet providers. I myself would agree to it, electricity and internet connection are all essential not only with bitcoin transaction, but almost everything depends on it. These things may not be something we're going to worry about when transacting with bitcoin, because we have been developing more ways to generate electricity and internet service provider were also expanding as well as the technology behind it. So, I won't really consider it a limitation to bitcoin. The limitation of bitcoin is when the people stops using it and the miners put a stop in their operations, that my friend is the limitation. Even if we have many ways of generating electricity as well as many internet service providers but all, but if you want to use it or make it available to others, you need the government's consent, if they don't let you make it available to everyone, you dare not violate their directive. They are still the ones who control everything, including electricity and the internet. But I also don't see the internet or electricity as a threat to bitcoin because the government simply cannot turn off all the electricity and the internet connection. Because it is they who are most affected because most of the traditional industries use the internet and electricity. You are right, the development and limitation of bitcoin depends on the needs of the users, as long as we still have demand for it, it will always grow.
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Asuspawer09
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June 03, 2023, 08:44:26 AM |
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I am facing a real world issue that prevents me from using Bitcoin.
I live in Pakistan and for last three days cellular internet service all across the country is suspended because of prevailing law and order situation. Internet is working on fixed line connection that is reaching homes. So there is still some connectivity available.
If government shut down internet service even on fixed line connection then there will be complete internet blackout in the country and in that situation we cant use bitcoin.
I think this is also one of limitation of bitcoin that we need internet to use it.
Bitcoin is the one thing that keeps Bitcoin accessible to the rest of the world without the internet it would probably be difficult to access Bitcoin. But the problem is you don't have access to the internet so that issue wasn't really on the Internet but on your government since they shut down the internet service in your country. There's nothing you can do about it but wait until the services get back, I mean the internet is one of the important things to access Bitcoin, I don't know if there is an easy way to access Bitcoin without the help of internet service. But for sure internet services will be fixed soon on your country I cant imagine the government preventing people from using the internet, maybe restrictions.
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Nhazwrath
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June 03, 2023, 10:26:20 AM |
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This type of problem is going to go away shortly with the satellite swarms and phones very shortly going to be able to access the sats directly without cell towers.
The centralization of the sat swarm is a problem at this time but with time other swarms are going to pop up.
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Nwada001
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June 03, 2023, 12:54:58 PM |
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It is undeniable that internet and electricity are two very important things because without this, it can be a big problem. We cannot iperate and do any transaction without them.
Exactly this 21st century is said to be one of the best centuries of all time because of its technical advancement, the introduction of electricity, the internet, and crypto currency, as the case may be. All this needs each other for it to function effectively and achieve its main purpose. Almost all activities especially communication relies on the Internet.
I disagree with that to some point. In truth, this generation is of a technology age, which has made us rely more on technology than ourselves, which is good, less time-consuming, and stress-free. But before the use of the internet, there was still some level of technology that was used for communication, and it was working effectively for them back in those days, such as the local telephone, which is still currently used in some offices and military places since it can't be rooted. So the government is stopping the use of the internet, which they won't consider doing completely. There will still be some form of communication; they will just have to go back to the same old ways. But like you have said, they will be at a greater disadvantage than they might think they are causing to Bitcoin.
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