Will bitcoin be affected if the internet gets disrupted?

[Obari]

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

[BlackBoss_]

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 is lost in 24 hours, the world has many bigger problems than Bitcoin. But if the Internet connection loss is only temporary, 24 hours, 48 hours or 72 hours but will resume, Bitcoin blockchain will continue after that. Meanwhile, people can not do bank transfers too if they don't use Satellite Internet from SpaceX company.

Your bitcoin in your non custodial wallet will still be your bitcoin. Only you can access it with private keys and Internet connection availability or loss won't cause you any loss of your bitcoin.

[Total privacy Bitcoin]: off grid Transactions LoRaWan/goTenna.

Your transaction only gets confirmation if Bitcoin miners and nodes work so Internet connection is a prerequisite.

[Iranus]

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.

[Helena Yu]

It will cause short term dump.

People will choose to withdraw everything that require internet connection e.g. cash in banks, digital fiat, stock, gold's IOU, Bitcoin, altcoins etc. This is a good time to buy Bitcoin at the dip since internet connection will not completely disappear, most people already gets addicted with digitalization.

As long as you hold your coins in non custodial wallet, you don't need to afraid since you will not lose your coins.

[passwordnow]

Internet is number 1 requirement for Bitcoin to continue, I've read some thoughts in the past about having radio waves and satellite signals, I'm not sure if that's doable but it seems promising as an alternative to the internet if ever doomsday will ever come. If it will come as a means of doomsday, I don't even think that there's something to worry with as we're all doomed by that time.

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.

Bitcoin remains to be existent even if there will be a shutdown of internet. Its operations, transactions and confirmations will be stopped if the entire world will have no internet at all. But with all the modern technologies that we have, it's interesting to read if there are good people working on this technology just to be prepared when the unexpected has come to the world as it won't only cover Bitcoin but also the companies that are solely reliant to internet for its daily operations.

[Franctoshi]

Since after the .com bubble (internet) likely around 1999-2000 if I'm not wrong, when the digital world became important to everyone, the world we are living today is now one like the "Body and soul " where if there is no soul, the body becomes lifeless, and if you check, the world has becomes so much addicted to internet to the extent that it has become part of us that we can't go back or literally live without internet as almost everything we do in our world today (90%-95%) is hugely dependent on the internet processing, taking you for instance, The payment system, which almost everything is dependent upon for our day-to-day transactions hugely depends on internet to function.


The faith of Bitcoin without internet would be as much far worse than other things, in the sense that Bitcoin isn't a physical assets/money, as it depends on the internet to run.

[EL MOHA]

I think we have seen many threads created on this exact topic and the answer remains that without internet the bitcoin network wouldn’t exist and aside that many things in the world will stop to function. Banks cannot process your withdrawals and as such even to get physical cash from the bank will be impossible except for those who hoard or stach fiat cash at home. Even places like hospitals will be in trouble since some machines works with internet connections there too. So bitcoin will be the least of all worries if the internet collapses except for someone who has its funds all in 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

If it is slightly for 24 hours some people will panic and when it comes up again I believe there will be FUDs spread about it and could lead to some investors taking some coins off and turning them to cash. On bitcoin network all transactions will just stop and continue later once it gets back. Since it is a total universal shutdown nothing will change in the network, if it is Some part that experiences that then after they have internet back they can just synchronize or update their servers back.

[mirakal]

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

Bitcoin transactions will be pending then and its production will certainly be stopped while the internet connection is out. Hence, if there's no internet globally, bitcoin might never come into possibility.

However, it's not only bitcoin that will be highly affected but all those jobs that are powered by internet will never be possible by then. That's why I don't think having an internet shutdown will be allowed to happen, most especially nowadays that everything relies greatly on the internet, particularly our own communication with those people we want to have connections with.

[SquirrelJulietGarden]

It will cause short term dump.

No Internet, no live trading, no short term dump that only occurs after Internet recovery.

People will choose to withdraw everything that require internet connection e.g. cash in banks, digital fiat, stock, gold's IOU, Bitcoin, altcoins etc.

With thinks like cash in banks, you can go to bank office and withdraw your cash. Banks can not refuse your withdrawals because they don't have Internet connection at the moment.

As long as you hold your coins in non custodial wallet, you don't need to afraid since you will not lose your coins.

Don't lose your coins and can wait for for Internet connection recovery to see things in society includes Bitcoin market to operate again. Will it cause stock market dumps, I don't believe it will happen so thinking like it will cause Bitcoin dump is not convincing to me. It is too much fearful in my opinion.

[arwin100]

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

The only thing happen on our bitcoin if that incident occur is we can't access our bitcoin. But it will remain there sleeping on where we store it if there's a internet disruption happened on our country or globally.

For sure we can gain access on everything we have if the internet providers will go back to its natural operation.

The only thing questionable is the price if we can still see the same value or if there would be big change to happen especially that there's no significant movement happen when internet is shut off when there's a crisis happening.

[Odusko]

The bigger question you should try to answer first is, what will ever happen in this world that will take internet off, if it humanly possible the attack could have been done by now, so as long as internet can go off same with Bitcoin and that is why bitcoin is referred to as the currency of the internet, so let stop assuming the possibility of that and focus more on important issues to discuss about.
Internet is a global tool, and this have it basis on government since the government also rely on the internet to survive in it operations, so if government is not against internet, what then can be against it although I most say that the internet is the basis for bitcoin existence so if anything goes wrong with the internet, there won't be access to many things and that also includes bitcoin blockchain and wallets, so alot depends on the internet, that is why everyone is protecting the internet with all the strength in them, government taking the leads.

[Obari]

It will cause short term dump.

No Internet, no live trading, no short term dump that only occurs after Internet recovery.

People will choose to withdraw everything that require internet connection e.g. cash in banks, digital fiat, stock, gold's IOU, Bitcoin, altcoins etc.

With thinks like cash in banks, you can go to bank office and withdraw your cash. Banks can not refuse your withdrawals because they don't have Internet connection at the moment.

Remember that the internet disruption might not even be announced and it might just happen suddenly and as much as we don’t want this to ever happen doesn’t mean, it can’t be imagined.
I’ve read some comments here who already said that everything will be paused including bitcoin and the blockchain and it will be restored back to normal from where it stopped  and I’ve been wondering how possible that would be because that’s not actually the concept I actually had of bitcoin and blockchain.

I agree that, there might some sort of dumping maybe for short term because people might become skeptical about everything internet related money.

[fuguebtc]

Agree with OP that anything can happen but honestly, I've never thought about the worldwide internet disruption scenario and I don't think it will happen. Because that would cause terrible damage to our world because our world is almost digitized and everyone is connected to the internet to a certain extent. But if the unthinkable does happen, I believe that bitcoin like other internet-based services will be temporarily disrupted and will cause some temporary panic, and everything will return to normal once the internet is restored.

[_act_]

Do you know that different countries in the world have their own power generation which is different from others but only few countries are depending on another country. If something bad happens in United States for example and the power supply was damaged, there would still be power supply in Asia, Australia, Africa, Europe and South America. Even there would be light in countries like Mexico and Canada which border United States.

If there is no power supply in the world with how this world is right now, what can cause that to happen would be what that wanted to destroy the world. And when no power supply again, I believe the world would have been destroyed.

[Dr.Bitcoin_Strange]

First, can you imagine what will happen if the internet stops working? Not only Bitcoin will be affected, but many things will stop working, and it's going to affect everyone. It's going to reduce the productivity of many companies, and for those people that are keeping their coins on centralized exchanges, they will be stuck there till everything starts working perfectly again. But if you have your coin in a self-custodial wallet, you don't have to be scared because your coin is safe there until the internet connection is restored.

So far as I know, it is not possible for the whole world to go completely out of internet connection.It cannot happen; even if it does happen in the future, it will only affect some countries. 

[Davidvictorson]

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 ?

In my estimation, what happens to bitcoin if the internet is down would depend on what caused the disaster. If it was a massive distributed denial-of-service (DDoS) attack or a hack then the infrastructure would be intact and eventually the internet could be restored. But, assuming it was a Global War or a massive asteroid, or a Solar Flare, I think that the world's internet infrastructure would be too severely damaged to be restored fast enough to support any bitcoin transaction or humanities dire needs. At that point nothing would matter but survival goods and services.

[seoincorporation]

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

Bitcoin is a protocol just like the mail protocol on port 25, or the file transfer protocol on port 21, bitcoin works as a protocol on port 8333, and it needs the internet to work fine, Without internet people would be able to create and sign transaction but not to broadcast it in the network. This is like trying to send an email without the internet, it is just impossible.

If the internet is just gone for 24 hours, then things will get back to normal when the internet comes back, all will auto-connect again.

[Casdinyard]

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

Bitcoin is heavily dependent on the existence of the internet, and should it halt for a significant amount of time, major repercussions will ensue. Transactions will not go through, panic will ensue, the rest of us who kept our coins on air-locked computers will be good but with the prospect of never seeing nor being able to access the internet again, from let's say, a solar radiation that would disrupt technology as it stands today, the whole cryptocurrency world, as well as the whole planet is going to miserably suffer.

Bitcoin may not be pegged to any currency right now but it relies heavily on the internet. It's the medium at which it travels. Take the internet out of the equation and bitcoin wouldn't work. A small disruption or outrage wouldn't cause much problems, cryptocurrencies are made to be resilient to such after all. But prolonged outages? That's another story.

[Mr.right85]

Why the hell not?

Bitcoin exists on the web, it’s a digital asset and should the internet be inaccessible for whatever reason, either some apocalyptic change to reset the world order, we wouldn’t have our way with Bitcoin.
Eventually, this can never happen. Bitcoin isn’t the only innovation to use the internet. It’s a network highly patronized by every field in our world as we have it, largely by the government as, through the armed forces, the very idea of the internet was birth.
The internet is going to be around for such a long time, get more advancements to it and so will Bitcoin.

[Fivestar4everMVP]

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

If there was no internet in the entire world for 24 hours, trust me, there are greater calamities that will befall the entire world that is much greater than bitcoin, and this calamities will be so severe that the last thing on your mind will be bitcoin trust me.

First and foremost, you need a smartphone and or computer to access the internet even before we start talking about bitcoin, what about businesses, hospitals that rely on the internet to pass informations across the world that save lives, how about the banking systems around the world, government will be completely shut down without access to the internet because there won't be means of communications and transactions.

Again, trust me, if it happens that internet is shut down for even less than 24 hours, what will happen, the last thing that will be on your mind if bitcoin.