Can bitcoin survive without the Internet?

awesome31312

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Quote from: santaClause on October 19, 2014, 01:43:05 PM

Quote from: awesome31312 on October 19, 2014, 01:31:53 PM

Quote from: santaClause on October 19, 2014, 01:22:19 PM

Quote from: awesome31312 on October 19, 2014, 11:16:06 AM

The internet isn't just one physical point on Earth, it's a centralized system of communication. You can't just "shut down the internet", unless in the case of some EMP or nuclear apocalypse, which will pose more problems than simply Bitcoin

If the internet was actually centralized then it could be disconnected by attacking the central authority that controls the internet. The internet however is not centralized and cannot be shut down as no one entity controls the internet. If a major provider of internet service (either an ISP or a service that provides the "backbone" of the internet) were to be shut down because of an attack or otherwise then other service providers would be able to pick up the slack

That was a typo, I meant to say it's NOT a centralized system of communication. The rest of my statement supports that.

I would say that even an EMP attack would not be able to shut down the entire internet (unless the attack spread throughout the entire world) as an EMP attack would simply shut down part of the internet but other parts would be able to pick up the slack.

What about a global EMP

santaClause

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Quote from: awesome31312 on October 19, 2014, 01:31:53 PM

Quote from: santaClause on October 19, 2014, 01:22:19 PM

Quote from: awesome31312 on October 19, 2014, 11:16:06 AM

The internet isn't just one physical point on Earth, it's a centralized system of communication. You can't just "shut down the internet", unless in the case of some EMP or nuclear apocalypse, which will pose more problems than simply Bitcoin

If the internet was actually centralized then it could be disconnected by attacking the central authority that controls the internet. The internet however is not centralized and cannot be shut down as no one entity controls the internet. If a major provider of internet service (either an ISP or a service that provides the "backbone" of the internet) were to be shut down because of an attack or otherwise then other service providers would be able to pick up the slack

That was a typo, I meant to say it's NOT a centralized system of communication. The rest of my statement supports that.

I would say that even an EMP attack would not be able to shut down the entire internet (unless the attack spread throughout the entire world) as an EMP attack would simply shut down part of the internet but other parts would be able to pick up the slack.

awesome31312

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Quote from: santaClause on October 19, 2014, 01:22:19 PM

Quote from: awesome31312 on October 19, 2014, 11:16:06 AM

The internet isn't just one physical point on Earth, it's a centralized system of communication. You can't just "shut down the internet", unless in the case of some EMP or nuclear apocalypse, which will pose more problems than simply Bitcoin

If the internet was actually centralized then it could be disconnected by attacking the central authority that controls the internet. The internet however is not centralized and cannot be shut down as no one entity controls the internet. If a major provider of internet service (either an ISP or a service that provides the "backbone" of the internet) were to be shut down because of an attack or otherwise then other service providers would be able to pick up the slack

That was a typo, I meant to say it's NOT a centralized system of communication. The rest of my statement supports that.

santaClause

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Quote from: awesome31312 on October 19, 2014, 11:16:06 AM

The internet isn't just one physical point on Earth, it's a centralized system of communication. You can't just "shut down the internet", unless in the case of some EMP or nuclear apocalypse, which will pose more problems than simply Bitcoin

If the internet was actually centralized then it could be disconnected by attacking the central authority that controls the internet. The internet however is not centralized and cannot be shut down as no one entity controls the internet. If a major provider of internet service (either an ISP or a service that provides the "backbone" of the internet) were to be shut down because of an attack or otherwise then other service providers would be able to pick up the slack

awesome31312

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The internet isn't just one physical point on Earth, it's a centralized system of communication. You can't just "shut down the internet", unless in the case of some EMP or nuclear apocalypse, which will pose more problems than simply Bitcoin

pitham1

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Quote from: scarsbergholden on October 18, 2014, 07:28:16 AM

Quote from: jjacob on October 15, 2014, 08:17:27 PM

Quote from: MrBig on October 14, 2014, 01:16:53 PM

Quote from: BRE on October 14, 2014, 01:12:22 PM

Internet down = Bitcoin Doomsday

This internet things become the major risk for bitcoin.

Gox cause $ 1200 to $ 800 , Internet Down forever will cause Bitcoin $ 0 aka dust

And that's why it's not wise to invest all of one's wealth into bitcoin.

If the internet going down is the only risk with investing in bitcoins, I would gladly take it. Grin

The 'internet going down' is far from the only risk of someone investing in bitcoin. There are many, many other risks involved in bitcoin. It is still very new and is far from certain to succeed over the long term.

The internet no longer existing is only one thing that would cause bitcoin to no longer become useful

The probability of the internet going down is almost zero. Bitcoin going down is possible (51% attack, government regulation, altcoin with a brilliant new idea, etc). Bitcoin would really have to develop before it becomes ubiquitous like the internet.

scarsbergholden

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Quote from: jjacob on October 15, 2014, 08:17:27 PM

Quote from: MrBig on October 14, 2014, 01:16:53 PM

Quote from: BRE on October 14, 2014, 01:12:22 PM

Internet down = Bitcoin Doomsday

This internet things become the major risk for bitcoin.

Gox cause $ 1200 to $ 800 , Internet Down forever will cause Bitcoin $ 0 aka dust

And that's why it's not wise to invest all of one's wealth into bitcoin.

If the internet going down is the only risk with investing in bitcoins, I would gladly take it. Grin

The 'internet going down' is far from the only risk of someone investing in bitcoin. There are many, many other risks involved in bitcoin. It is still very new and is far from certain to succeed over the long term.

The internet no longer existing is only one thing that would cause bitcoin to no longer become useful

awesome31312

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Guess you guys will start having to use a modification of Papa Router then

polynesia

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Quote from: faince222 on October 16, 2014, 06:17:18 AM

I don't think so. Bitcoin is mainly based on a P2P protocol and consequently to work Internet is necessary. But, if someone create a different version of Bitcoin without the use of Internet, there is possibility that it can be survive

I don't think it will be called Bitcoin then. Internet is an integral part of bitcoin.

faince222

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I don't think so. Bitcoin is mainly based on a P2P protocol and consequently to work Internet is necessary. But, if someone create a different version of Bitcoin without the use of Internet, there is possibility that it can be survive

jjacob

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Quote from: MrBig on October 14, 2014, 01:16:53 PM

Quote from: BRE on October 14, 2014, 01:12:22 PM

Internet down = Bitcoin Doomsday

This internet things become the major risk for bitcoin.

Gox cause $ 1200 to $ 800 , Internet Down forever will cause Bitcoin $ 0 aka dust

And that's why it's not wise to invest all of one's wealth into bitcoin.

If the internet going down is the only risk with investing in bitcoins, I would gladly take it. Grin

GPC

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each country has the power to limit certain things or even temp. shut down their internet as we see during some protests and uprisings.
think Libya did it

however to do Globally would mean taking out the rootservers, think there around 13 of them

pretty much it will never happen

Erdogan

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Quote from: awesome31312 on October 10, 2014, 05:23:44 PM

Quote from: Erdogan on October 05, 2014, 05:15:33 PM

Quote from: awesome31312 on October 05, 2014, 05:00:15 PM

I love how everyone is so much in denial that Bitcoin can be killed off by turning off the Wifi Tongue

I feel safe as long as my 25 Mb/s symmetrical 2 ms roundtrip link to the ISP ticks.

And if your ISP was shut down?

That could be a problem. But remember, the internet protocol can not be uninvented. Before the Internet (at least before ipv4 and the tcp), there were a dozen global networks. The Internet outcompeted them all, because of its nondependence of specific companies, patents, trade secrets, trade marks and copyrights, and super compact protocols with no unneeded bloat. The technology is now in the heads of millions of computer experts, and hardware and software for the internet is in billions of devices. If it disappears, it will be rebuilt probably exactly like the current internet, except maybe for the structure of the ISP's. We need any to any connections, and a certain level of speed in bits per second. It can be rebuilt on anything that can convey bits, including avian carriers https://www.ietf.org/rfc/rfc1149.txt. In case of such an event, bitcoin can survive in hibernation mode.

Electricity can not disappear. It is intrinsic to nature, has existed since shortly after the big bang, basically forever.

The internet can not disappear.

MrBig

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Quote from: BRE on October 14, 2014, 01:12:22 PM

Internet down = Bitcoin Doomsday

This internet things become the major risk for bitcoin.

Gox cause $ 1200 to $ 800 , Internet Down forever will cause Bitcoin $ 0 aka dust

And that's why it's not wise to invest all of one's wealth into bitcoin.

BRE

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Internet down = Bitcoin Doomsday

This internet things become the major risk for bitcoin.

Gox cause $ 1200 to $ 800 , Internet Down forever will cause Bitcoin $ 0 aka dust

awesome31312

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Merit: 504

Quote from: jjacob on October 12, 2014, 12:29:16 PM

Quote from: Eisenhower34 on October 11, 2014, 03:02:07 PM

Quote from: zyzzbrah on October 11, 2014, 02:23:25 PM

Quote from: krishatnet on October 11, 2014, 01:19:02 PM

Bitcoin can't survive without internet. Bitcoin is linked with internet.

Indeed , but think about it, this whole scenareo is nuts, there's no way humanity would survive without internet, if internet goes down it can only mean something really fucked up happened. So not even Gold will survive, only weapons and food and clean water.

This is not true. Russia is planning on potentially trying to shut off the internet in Russia in the event of civil unrest. The world has survived for a very long time without the internet.

The economy would be much less efficient, however it would not mean the end of the world

The world has survived for a very long time without electricity. I don't think any of us could imagine such a scenario today.

It will kill business

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Quote from: Eisenhower34 on October 11, 2014, 03:02:07 PM

Quote from: zyzzbrah on October 11, 2014, 02:23:25 PM

Quote from: krishatnet on October 11, 2014, 01:19:02 PM

Bitcoin can't survive without internet. Bitcoin is linked with internet.

Indeed , but think about it, this whole scenareo is nuts, there's no way humanity would survive without internet, if internet goes down it can only mean something really fucked up happened. So not even Gold will survive, only weapons and food and clean water.

This is not true. Russia is planning on potentially trying to shut off the internet in Russia in the event of civil unrest. The world has survived for a very long time without the internet.

The economy would be much less efficient, however it would not mean the end of the world

The world has survived for a very long time without electricity. I don't think any of us could imagine such a scenario today.

Eisenhower34

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Quote from: zyzzbrah on October 11, 2014, 02:23:25 PM

Quote from: krishatnet on October 11, 2014, 01:19:02 PM

Bitcoin can't survive without internet. Bitcoin is linked with internet.

Indeed , but think about it, this whole scenareo is nuts, there's no way humanity would survive without internet, if internet goes down it can only mean something really fucked up happened. So not even Gold will survive, only weapons and food and clean water.

This is not true. Russia is planning on potentially trying to shut off the internet in Russia in the event of civil unrest. The world has survived for a very long time without the internet.

The economy would be much less efficient, however it would not mean the end of the world

zyzzbrah

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Quote from: krishatnet on October 11, 2014, 01:19:02 PM

Bitcoin can't survive without internet. Bitcoin is linked with internet.

Indeed , but think about it, this whole scenareo is nuts, there's no way humanity would survive without internet, if internet goes down it can only mean something really fucked up happened. So not even Gold will survive, only weapons and food and clean water.

krishatnet

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Bitcoin can't survive without internet. Bitcoin is linked with internet.

Topic: Can bitcoin survive without the Internet? (Read 10943 times)