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Author Topic: Will bitcoin be affected if the internet gets disrupted?  (Read 461 times)
dezoel
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July 25, 2024, 06:18:23 PM
 #81

We have seen the whole crowdstrike situation, and nothing happened to bitcoin, which we can assume that it is not going to be an issue. I understand how that may feel that way, but in general it won't be a big deal at all, we will just stay that way.

I think the best way to go about this would be just making sure that we deal with something that gives us a good return, and for that to mean something we need to realize that bitcoin isn't really impacted by any of those. For that reason I love bitcoin and investing into it is better. Even banks and fiat world gets corrupted during those times, and that's of course terrible but at the same time we are talking about bitcoin which is unharmed during the same time. Like people couldn't fly because systems were down, and yet look at bitcoin and how that didn't get any shred of impact.

When you have something that great, it's hard to say that you are not going to invest into it, what else would anyone look for when we are talking about an investment? If you want something sturdy and something that can't be meddled with by any dictator or political leader, then you have it. Bitcoin is untouched and can't be better, it's better than everything else.

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Obari (OP)
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July 25, 2024, 07:02:40 PM
Last edit: July 25, 2024, 07:32:32 PM by Obari
 #82

~snip~
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

~snip~
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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.

Absolutely
We need to know what the other option is because I’ve also seen a lot of response from people who strongly believe that, the internet can never be shut down globally no matter the circumstances and I think they’re not open to accepting the impossible because this is planet earth and absolutely anything can happen when the global shutdown of the internet can be possible though their might be an urgent solution but whatever the case might be, a global shutdown of internet access can still be possible.

What we’re trying to know, is what happens to KuCoin if the internet shutdowns and for those who have coin in physical wallets, what is their faith and hope of even those who have in online walkers

R


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