Amadi x
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July 24, 2024, 06:51:31 AM |
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Well, how disrupted?? I've never heard of such, so I don't think it's something to worry about.
But any ways if it really does get disrupted then there's a possibility it could affect BTC! Because literally almost anything revolves round the internet.
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Z_MBFM
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July 24, 2024, 07:44:25 AM |
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I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ? My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours I am a Bangladeshi I think the whole world knows about the condition of Bangladesh. The anti-quota student movement in our country caused a lot of problems due to which the internet has been cut off all over the country for the last 7 days here. How long I got 1 hour of internet. And today I got the opportunity to use this forum by connecting to the internet of emergency services hospital. I read this situation and realized how important the internet is for bitcoin or other cryptocurrencies. Bitcoin cannot be expected to exist without the internet. Due to the bad situation in our country we are facing a lot of problems financially but we are not able to sell the bitcoins that we have because of the internet cut off in our country. And when the Internet takes off, many will sell Bitcoin for its poor economic condition. So I think internet problems can affect Bitcoin. I say this from real evidence
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shield132
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July 24, 2024, 08:01:42 AM |
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Thank you for calling my attention to the correction.
You are welcome I’m not actually getting your point right as you said you’re against internet money and I’m wondering if you’re also against bitcoin as it is also some sort of internet money ? Just asking out of curiosity
Hell no, Bitcoin is everything that made me who I am today, it significantly affected my life in a positive way and there is no way I am gonna forget or hate it. I am only against a cashless society, I don't want our world to be cashless because if it becomes cashless, then we all will be in huge trouble. If the government doesn't like you, they'll freeze your assets and you'll be left without a penny. If we keep cash, we won't face a similar problem because no bank can freeze my cash. I love Bitcoin but it's still not safe in a cashless society because governments gain too much control over it. Mixers got banned, and blockchain analysis companies are rapidly improving, it's getting hard every day to get financial freedom with Bitcoin, that's why I want to have cash beside it.
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Tmoonz
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July 24, 2024, 08:24:19 AM Last edit: July 25, 2024, 08:11:52 AM by Tmoonz |
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Considering the advancement of technology worldwide, having a total Internet globally blackout might not possible, yeah any one can have a contradict opinion to the op opinion but in the case where it happens definitely it is going to retard everything has to with internet which Bitcoin is not going to be an exception. However, in as much as we can imagine such scenario no one will ever wish such thing to happen as we are far gone utilizing the benefits of the internet such that if it happens it is going to be disastrous and negatively influence life generally.
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Swordsoffreedom
Legendary
Online
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Merit: 1115
Leading Crypto Sports Betting & Casino Platform
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July 24, 2024, 09:25:36 AM |
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I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ? My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours I am a Bangladeshi I think the whole world knows about the condition of Bangladesh. The anti-quota student movement in our country caused a lot of problems due to which the internet has been cut off all over the country for the last 7 days here. How long I got 1 hour of internet. And today I got the opportunity to use this forum by connecting to the internet of emergency services hospital. I read this situation and realized how important the internet is for bitcoin or other cryptocurrencies. Bitcoin cannot be expected to exist without the internet. Due to the bad situation in our country we are facing a lot of problems financially but we are not able to sell the bitcoins that we have because of the internet cut off in our country. And when the Internet takes off, many will sell Bitcoin for its poor economic condition. So I think internet problems can affect Bitcoin. I say this from real evidence I have also heard about the situation in your country in recent days and I send my condolences to your country, especially to those who have been shot dead by the police during recent protests. Through what your country is going through, we can confirm that without the internet, bitcoin would be useless. It's true and we should accept that bitcoin's existence is completely dependent on the internet. By the way, as far as I know, the curfew has been lifted and schools will reopen soon, and I believe that communications and the Internet will be restored soon. I hope you return to the forum as soon as possible.
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Roseline492
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July 24, 2024, 09:46:25 AM |
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Considering the advancement of technology worldwide, having a total Internet globally might not possible, yeah any one can have a contradict opinion to the op opinion but in the case where it happens definitely it is going to retard everything has to with internet which Bitcoin is not going to be an exception. However, in as much as we can imagine such senerio no one will ever wish such thing to happen as we are far gone utilizing the benefits of the internet such that if it happens it is going to be disastrous and negatively influence life generally.
I agree with you on that because the world has gone too globalized in technology for such thing to happen because so many activities depends on the internet for survival and they will always make sure internet will not go through any of such because we can imagine the negative impact it will have on the world general if internet should short down just for hours, so actually this is something that's very impossible to happen but however in regards to the Bitcoin let's say the internet short down it will only affect Bitcoin to an extent because only those transactions that was currently running when it short down will be left pending until the system comes back.
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slaman29
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July 24, 2024, 10:10:52 AM |
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Hell no, Bitcoin is everything that made me who I am today, it significantly affected my life in a positive way and there is no way I am gonna forget or hate it. I am only against a cashless society, I don't want our world to be cashless because if it becomes cashless, then we all will be in huge trouble. If the government doesn't like you, they'll freeze your assets and you'll be left without a penny. If we keep cash, we won't face a similar problem because no bank can freeze my cash. I love Bitcoin but it's still not safe in a cashless society because governments gain too much control over it. Mixers got banned, and blockchain analysis companies are rapidly improving, it's getting hard every day to get financial freedom with Bitcoin, that's why I want to have cash beside it.
I've also been lucky enough to have Bitcoin affect my life financially. No I didn't make millions or even 10s of thousands, but it definitely helped me cover some things which were not possible if I didn't save in BTC. My dream was 1 BTC when I started in 2017. That was based on $10k BTC price. I don't have 1 BTC today but collectively, because of BTC, I have benefited more than $10k in total (vs if I saved only in fiat), if you want to count financially. But like you, it's everything else I prefer. The good friends online. The good and kind people I met on this forum. I still talk to friends about these random strangers I know from forum. Who had no business to help me yet they did. That's not really Bitcoin but the spirit that makes Bitcoin what it is.
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bubilas
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July 24, 2024, 10:41:49 AM |
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I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ? My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours I believe that Bitcoin will still exist, because no one will be able to turn off the Internet all over the world at the same time and maintain this state. There will definitely be a small country or group of people who will not allow the collapse of the network. I think that it is even possible that even a complete hurray of the Internet would not stop Bitcoin, because then the miners would simply pause and wait for the Internet to launch. But all such events are a fantastic story and nothing more.
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Rockstarguy
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July 24, 2024, 11:22:30 AM |
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If the world temporarily lost the internet, probably nothing too serious would happen to bitcoin, but if the internet suddenly stopped working for a long time or disappeared, that would mean bitcoin would no longer exist. But the internet is like water in our world, without water the world will perish and if the internet is lost the world will stop developing and return to the stone age. So this scenario will never happen so you don't need to worry and think too much about this issue.
I can't think of any scenario in which the Internet could disappear from the world, even World War III wouldn't make it disappear. Unless we encounter the destruction of the earth like the time of the dinosaurs.
When people think if the Internet seize for sometime it will entirely shut bitcoin down as if it is just only all about bitcoin. If the internet eventually shutdown there are more harms to happen that will affect life. The internet is part of life right now which humans can't really do without. I think if the Internet is no more for sometime and after awhile it comes up, bitcoin will survive it but so many lives will be lost. If this happens let's think of what life will be like and not what will happened to bitcoin. As far as the earth still exist there will be Internet because it will be very difficult for earth to exist without life, the internet exist as oxygen in this present age of life.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Yatsan
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July 24, 2024, 11:59:14 PM |
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Obvious answer is yes because most of the transactions are done through online.This is a downside to all digital currencies including fiat and blockchain based. Would be a huge problem I believe and some people would be selling all of their crypto holdings upon being aware of such risk, if ever such thing will happen. I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ? My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours I believe that Bitcoin will still exist, because no one will be able to turn off the Internet all over the world at the same time and maintain this state. There will definitely be a small country or group of people who will not allow the collapse of the network. I think that it is even possible that even a complete hurray of the Internet would not stop Bitcoin, because then the miners would simply pause and wait for the Internet to launch. But all such events are a fantastic story and nothing more. What's being discussed here is just the idea or possibility. We cannot be too confident of technology given that it has limitations and one of the biggest is internet connection. Indeed experts and governments won't simply allow this to happen or at least last for long but being aware of this tendency would mean a lot still so we shouldn't be just fading on such tendency. Be prepared at all cost and be preventive of the worst scenarios.
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HelliumZ
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July 25, 2024, 01:20:41 AM |
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I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ? My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours I am a Bangladeshi I think the whole world knows about the condition of Bangladesh. The anti-quota student movement in our country caused a lot of problems due to which the internet has been cut off all over the country for the last 7 days here. How long I got 1 hour of internet. And today I got the opportunity to use this forum by connecting to the internet of emergency services hospital. I read this situation and realized how important the internet is for bitcoin or other cryptocurrencies. Bitcoin cannot be expected to exist without the internet. Due to the bad situation in our country we are facing a lot of problems financially but we are not able to sell the bitcoins that we have because of the internet cut off in our country. And when the Internet takes off, many will sell Bitcoin for its poor economic condition. So I think internet problems can affect Bitcoin. I say this from real evidence The people of the world could not know what happened in the current time with the quota movement in Bangladesh because the Bangladesh government had created a kind of conspiratorial environment by turning off the entire network system. Therefore, the people of the world could not see the picture of ongoing torture in Bangladesh. For a week, the entire network system was turned off in Bangladesh so that images of torture in Bangladesh were not uploaded to YouTube or Facebook. I doubt if there is such a tyrannical government anywhere else in the world. I can't express at this moment how uncomfortable we were at home with no network for a week. But we have realized very well that a moment cannot pass without network or internet. Without internet the whole world will come to a standstill and even a single second cannot be imagined without internet. Bitcoin is never imaginable without the Internet because Bitcoin is an Internet based digital currency that is managed through the Internet.
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Rabata
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July 25, 2024, 04:20:38 AM |
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My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours
If the internet service is down for 24 hours , then only the transactions of Bitcoin will be stopped and nothing else. Otherwise there is no guarantee that the Internet will be available at the same time everywhere in the world. Somewhere or the other, the internet service may be disrupted due to various problems. But there is no need to panic over such outages. Because without internet especially technological development is not possible nowadays. If the Internet temporarily causes problems, I don't think it will affect anything for Bitcoin. Because it will be active again. I think it is imaginary to think that if there is no Internet then what would be the status of Bitcoin? Since Bitcoin runs on the Internet, it does not exist without the Internet. And in this age it is unimaginable that there will be no internet.
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cryptoWODL
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July 25, 2024, 06:12:42 AM |
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If the internet service is down for 24 hours , then only the transactions of Bitcoin will be stopped and nothing else.
We cannot even think of the online world without the internet. A 24-hour internet shutdown not only stops bitcoin transactions but also adversely affects the economic sector of the country as we have seen in a country called Bangladesh where internet services have been disrupted for the past seven days. Many members here have also mentioned it. I think it is imaginary to think that if there is no Internet then what would be the status of Bitcoin? Since Bitcoin runs on the Internet, it does not exist without the Internet. And in this age it is unimaginable that there will be no internet. No it is not imaginary at all because I have seen it myself. Perhaps considering the advancement of technology worldwide, we may wonder how internet service can be disrupted for so long in a country. Due to lack of internet connection we were not able to do Bitcoin transactions even P2P transactions. If you were a citizen of Bangladesh you might have understood the situation there even noticed that it is impossible to do all online based activities without internet service.
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Ojima-ojo
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July 25, 2024, 06:52:24 AM |
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Considering the advancement of technology worldwide, having a total Internet globally might not possible, yeah any one can have a contradict opinion to the op opinion but in the case where it happens definitely it is going to retard everything has to with internet which Bitcoin is not going to be an exception. However, in as much as we can imagine such senerio no one will ever wish such thing to happen as we are far gone utilizing the benefits of the internet such that if it happens it is going to be disastrous and negatively influence life generally.
Internet is already a global asset, so for that there is high impossibility to have internet totally off, let just stop imagining things such as this, the internet is a global space and bitcoin is developed to exist within that space, if you already have bitcoin, banks and ministries including individuals using internet for daily life, what then should take it off at anytime, I don't think this is possible to happen. But let just imagine that internet is taking down, not only will bitcoin go down, but even the government of some countries will also go down too, so yes bitcoin will die a natural death if the internet becomes unavailable.
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Tmoonz
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July 25, 2024, 08:23:57 AM |
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Considering the advancement of technology worldwide, having a total Internet globally might not possible, yeah any one can have a contradict opinion to the op opinion but in the case where it happens definitely it is going to retard everything has to with internet which Bitcoin is not going to be an exception. However, in as much as we can imagine such senerio no one will ever wish such thing to happen as we are far gone utilizing the benefits of the internet such that if it happens it is going to be disastrous and negatively influence life generally.
Internet is already a global asset, so for that there is high impossibility to have internet totally off, let just stop imagining things such as this, the internet is a global space and bitcoin is developed to exist within that space, if you already have bitcoin, banks and ministries including individuals using internet for daily life, what then should take it off at anytime, I don't think this is possible to happen. But let just imagine that internet is taking down, not only will bitcoin go down, but even the government of some countries will also go down too, so yes bitcoin will die a natural death if the internet becomes unavailable. You are absolutely correct and I think I really gat your point, yeah keeping the internet working is already a full time job for some people why the internet itself is performing so many other functions to different people in different places and countries indeed it is not going to be that easily possible for such am imagination to come to place, I believe people have already had such conception and might have been working very hard towards having a consistent functioning of the internet as it's importants are so numerous for any one to wish such thing to happen.
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GiftedMAN
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July 25, 2024, 01:50:08 PM |
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Obvious answer is yes because most of the transactions are done through online.This is a downside to all digital currencies including fiat and blockchain based. Would be a huge problem I believe and some people would be selling all of their crypto holdings upon being aware of such risk, if ever such thing will happen. I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ? My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours I believe that Bitcoin will still exist, because no one will be able to turn off the Internet all over the world at the same time and maintain this state. There will definitely be a small country or group of people who will not allow the collapse of the network. I think that it is even possible that even a complete hurray of the Internet would not stop Bitcoin, because then the miners would simply pause and wait for the Internet to launch. But all such events are a fantastic story and nothing more. What's being discussed here is just the idea or possibility. We cannot be too confident of technology given that it has limitations and one of the biggest is internet connection. Indeed experts and governments won't simply allow this to happen or at least last for long but being aware of this tendency would mean a lot still so we shouldn't be just fading on such tendency. Be prepared at all cost and be preventive of the worst scenarios. I think this idea is something that is worth discussing and not just letting it slide because we think the government won't let the situation last for a long time since it will also affect them and their works but the question now is this, what becomes of bitcoin if the government fails to restore the Internet within a short period of time? are we going to wait till the Internet is restored or is there there any thing to be done so that bitcoin transactions will still be going on smoothly this is the most important thing I think we should find out because just as you said, we need to be prepared for worst even though the worst is yet to happen in the world right now.
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Marvell1
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July 25, 2024, 04:02:30 PM |
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I think this idea is something that is worth discussing and not just letting it slide because we think the government won't let the situation last for a long time since it will also affect them and their works but the question now is this, what becomes of bitcoin if the government fails to restore the Internet within a short period of time? are we going to wait till the Internet is restored or is there there any thing to be done so that bitcoin transactions will still be going on smoothly this is the most important thing I think we should find out because just as you said, we need to be prepared for worst even though the worst is yet to happen in the world right now.
I agree, if unfortunately the internet has a global problem, governments will find a way to fix it as soon as possible because it will cause losses beyond our imagination. The scenario of the Internet being shut down worldwide is very unlikely, I also don't think it can happen. Nothing will happen to the bitcoin network if the internet goes down for a short time but it will cause as much doubt about the existence of bitcoin as the OP is thinking. If that actually happens then we will most likely face a dumping situation as many people will lose faith or not want to bet too much on bitcoin because of its limitations related to the Internet.
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ShaneDiesel
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July 25, 2024, 04:28:52 PM |
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Bitcoin transactions rely on the internet to be processed and verified by miners. Without internet access, these transactions can't be broadcasted or confirmed. Similarly, Bitcoin mining operations, which need constant internet connectivity to function, would come to a halt. The network of Bitcoin nodes, which ensures the integrity and synchronization of the blockchain, would also be disrupted, potentially leading to fragmentation and inconsistencies in the blockchain.
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$weetne$$
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July 25, 2024, 05:49:25 PM Merited by Ever-young (1) |
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Considering the advancement of technology worldwide, having a total Internet globally blackout might not possible, yeah any one can have a contradict opinion to the op opinion but in the case where it happens definitely it is going to retard everything has to with internet which Bitcoin is not going to be an exception. However, in as much as we can imagine such scenario no one will ever wish such thing to happen as we are far gone utilizing the benefits of the internet such that if it happens it is going to be disastrous and negatively influence life generally.
Looks impossible but having internet blackout in some countries can happen because I heard on the news there was no internet in some part of Asia last week as the politicians shutdown the internet connection in the country and if there was anyone in the country that wanted to make use of Bitcoin, he would had not been capable of doing so during this time that internet was down. I also noticed when I am having a poor internet connection I can not send out Bitcoin from my wallet if I wanted to but it does not stop me from receiving Bitcoin although I will only get he notification when my internet is having a stronger signal. Internet is important for Bitcoin transaction to be successful and Bitcoin along with every other thing will be affected if the internet gets disrupted.
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ndutndut
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July 25, 2024, 05:53:40 PM |
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I agree with you on that because the world has gone too globalized in technology for such thing to happen because so many activities depends on the internet for survival and they will always make sure internet will not go through any of such because we can imagine the negative impact it will have on the world general if internet should short down just for hours, so actually this is something that's very impossible to happen but however in regards to the Bitcoin let's say the internet short down it will only affect Bitcoin to an extent because only those transactions that was currently running when it short down will be left pending until the system comes back.
Correct. If the internet dies, perhaps civilization as we know it will be destroyed, because almost all systems now use the internet so we really need the internet. It could be said that it is impossible for the internet to die, even if the internet dies, there will definitely be many people who will immediately want to fix it. The internet being down for 24 hours will of course not affect bitcoin in general. However, even if for example the internet shuts down forever throughout the world, of course this will have an impact on Bitcoin of course. Because Bitcoin is a virtual currency, money originates and is transacted on the internet. Maybe this is what makes many people think that if the internet dies then that is Bitcoin's weakness. Besides, even if this internet outage problem occurs, maybe you don't need bitcoin anymore, you just need a hoe and an axe. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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