Topic: Bitcoin Under World War 3... (Read 3149 times)
I think most likely bitcoin will play an important role on that event. As we know Bitcoin transactions is considered as anonymous so transferring funds will be easy without creating suspicion to rival country in case a war will broke.
I have been thinking about this scenario. There are still many people who are thinking that the possibility of a global war can happen anytime soon. The destruction that WW3 can bring may put humanity on the brink of near annihilation.
Now, am thinking...what will happen to Bitcoin if WW3 erupts? Will the value diminish or will it freeze itself? Some quarters are saying that in a global war, gold can be better but still you can not eat gold...so food can be more valuable.
I think if ww3 will happen then bitcoin will also affected, during that time there is no more important than food, so business will have a wordwide temporarily breakdobreakdown so bitcoin will probably will lose the value. And this will also be the hard time of bitcoin to restore the former value. Now, am thinking...what will happen to Bitcoin if WW3 erupts? Will the value diminish or will it freeze itself? Some quarters are saying that in a global war, gold can be better but still you can not eat gold...so food can be more valuable.
It will be quite exciting to see pump&dumps being orchestrated in tune with major bombing campaigns during WWIII. It might well turn surreal beyond expectations, with ICOs about war-tokens being sold in great numbers.
You can not drive away, bitcoin will not exist during or after the Third World War (if the script is still played out). All money will naturally cost nothing, even the papers on which they printed. They will be able to drown the stove, and beatkoinom and melt completely fail. In the course will be, food, medicine, clothing and household goods, and all.
I do not think that a third world war will happen. although it happens, bitcoin prices will definitely go down
First and foremost i wish that this world war 3 will not happen, because many people specially young ones will suffer and more innocents will die. In the case of cryptocurrency when world war 3 erupts , will be no use because it a state of war , food is the most important to people not bitcoins or anything crypto.
Yes... basic necessities like food and water will be the first priority for everyone, in case a third world war breaks out. But at the same time, those who have surplus food will be looking at the options to sell it for profit. But these people will be reluctant to sell it for fiat cash and may be looking to barter their output with either gold or some other asset such as Bitcoin.
First and foremost i wish that this world war 3 will not happen, because many people specially young ones will suffer and more innocents will die. In the case of cryptocurrency when world war 3 erupts , will be no use because it a state of war , food is the most important to people not bitcoins or anything crypto.
In the case of a World War forget about Cryptocurrencies. Canned FOOD will become the new global currency.
What if WW3 destroys under sea internet cables? China/europe miners could have their own chain and Americas miners would have their own chain. What would happen when they connect back? Could 6 confirmation transactions be reversed?
I think you are right. Bitcoin (and any other crypto) will fork so many ways because the regional nodes won't be able to communicate with nodes in other continents or states. (At least we will have some BTC on each fork....)
Even if the electricity stays on - decentralization will be its downfall - until order is restored again.
It may however be a good store of value if it is in paper wallet or hardware wallet form. You can verify the balance and hand over an IOU based on the BTC value.
Rather than spending the actual bitcoins exchanges could cold store the BTC and provide BTC based tokens in the meanwhile that are either exchange based or on a localized network of nodes.
A bit like how gold, silver and assets were used to back cash. There could be an introduction of BTC backed IOU's by institutions that hold the BTC (I know this sort of defeats the purpose of BTC but it is a work around and financial institutions will continue to work out ways to get their hands on your assets) . The only issue would be that Governments don't take kindly to anything that may resemble cash.
Depends on how much the global war will be. Can strongly fall in price or completely depreciate. But people will need to buy food and medicine for something. Perhaps weapons will be much more valuable than bitcoins or gold.
With regard to weapons during the war, his lot and the price is low. The expensive weapon before the war. Bitcoin can really reduce the price because there are problems with the Internet, and demand will fall. Gold is always a price, but when the conditions are very extreme speculators can reduce the price on it. To the extent that it will change for food, but it is also necessary.Maybe bitcoin price would fall so much that 20k btc for a pizza would be a good deal! Internet money has no use if you starve to death.
Depends on how much the global war will be. Can strongly fall in price or completely depreciate. But people will need to buy food and medicine for something. Perhaps weapons will be much more valuable than bitcoins or gold.
With regard to weapons during the war, his lot and the price is low. The expensive weapon before the war. Bitcoin can really reduce the price because there are problems with the Internet, and demand will fall. Gold is always a price, but when the conditions are very extreme speculators can reduce the price on it. To the extent that it will change for food, but it is also necessary. What if WW3 destroys under sea internet cables? China/europe miners could have their own chain and Americas miners would have their own chain. What would happen when they connect back? Could 6 confirmation transactions be reversed?
Amswer would be simple. It will take a very long time before any country can recover from ww3 if we can recover at all in the first place. We may very well be plunged back to the dark ages and the backlash for years to come may find not just bitcoin and internet not surviving very long but us as well
What if WW3 destroys under sea internet cables? China/europe miners could have their own chain and Americas miners would have their own chain. What would happen when they connect back? Could 6 confirmation transactions be reversed?
Depends on how much the global war will be. Can strongly fall in price or completely depreciate. But people will need to buy food and medicine for something. Perhaps weapons will be much more valuable than bitcoins or gold.
I am pessimistic about the chances of BTC in case of a WW3 occurring. But it also depends on whether the United States gets involved in the war or not. If the US is not involved militarily, then the value of USD will rise, and correspondingly the value of BTC will go down.
I also have the same feeling. A great global war can disrupt anything and everything. I am predicting that in case a global war can happen, it is impossible for USA to just sit on the sideline and not to lead the efforts. However, let's all wish that nothing of this sort can happen to all of us. We need peace more than anytime of our history.
When it comes to bitcoin,the price will increase when it comes to a unstable economic situation and especially during war.
Can't predict anything, because the chance of a world war 3 is extremely low right now. Had Hillary won the 2016 POTUS elections, then the chances would have brightened, but under Trump I don't think that there will be a major war involving the United States at least until 2020 (when his term ends).
According to the Goddard Space Flight Center, there are more than 2,000 artificial satellites orbiting the earth. I don't think that all these satellites will be destroyed in case of a world war. So some sort of telecommunication system will remain, and will be functional with limited ability.
It is true that there are more than 2000 artificial satellites orbiting but the receiver is in earth and when it comes to a world war you can never predict how things will end up with all the nuclear weapons every major country is holding,will tell you an example i was stuck in a place when there was a natural disaster and all the network crashed ,no mobile signals no internet and that might happen . When it comes to bitcoin,the price will increase when it comes to a unstable economic situation and especially during war. 
Food to be expensive at that time I think because hyperinflation, so it's normal if currency becomes worthless and food to be very expensive. While gold I think even increase. Let's look at another example in the same time, during World War II in an era of upheaval (1930-1950) gold prices jumped from $ 20 per ounce to $ 40. I believe in a world war III bitcoin prices will also rise, because world crisis will occur that causes a lot of people save their wealth in bitcoin. Bitcoin is a valuable commodity besides gold that when World War III will be used by many people to save wealth. Moreover, bitcoin is very practical and easy to saving, so it will be the best choice.
Looking at the gold vs USD exchange rates will give you only a partial picture. What if the purchasing power of the USD goes down by 50%? Even if the exchange rate rises by 2 times in terms of USD, the purchasing power will remain the same. And during the WW III, the purchasing power of the United Sates Dollar will go down significantly, if the US gets involved militarily.
Bitcoin will still alive bitcoin will never die even there will crisis happened on this world not unless bitcoin will be removed from internet and no one uses it as long as their an users keep using it for own good sake. I will probably sold all my coins if this happen I used it to survive for how many days if I won't died on this day hahaha
Food to be expensive at that time I think because hyperinflation, so it's normal if currency becomes worthless and food to be very expensive. While gold I think even increase. Let's look at another example in the same time, during World War II in an era of upheaval (1930-1950) gold prices jumped from $ 20 per ounce to $ 40. I believe in a world war III bitcoin prices will also rise, because world crisis will occur that causes a lot of people save their wealth in bitcoin. Bitcoin is a valuable commodity besides gold that when World War III will be used by many people to save wealth. Moreover, bitcoin is very practical and easy to saving, so it will be the best choice.
Looking at the gold vs USD exchange rates will give you only a partial picture. What if the purchasing power of the USD goes down by 50%? Even if the exchange rate rises by 2 times in terms of USD, the purchasing power will remain the same. And during the WW III, the purchasing power of the United Sates Dollar will go down significantly, if the US gets involved militarily.
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