Topic: Can bitcoin survive without the Internet? - page 3. (Read 10943 times)

No.. Of course not. Bitcoin was made thru internet and it needs internet to live.

People CANT survive without internet.

Yes, bitcoiners will create their own internet, its happening.

It will survive but surely stagnates as long as internet is gone.

Yeah wallets will continue to exist but will you ever have internet ever again? What if a natural disaster occur in your area - will your bitcoin help?

if you shut down the internet only offline wallets would continue to exist

and nope, radio waves just won't cut it

There is one simple solution though, what if you mint physical coins each with QR code that represents bitcoin address

Private key of all addresses on coins may or may not be held by central organization ie. government thus having the ability to make coins worthless if bitcoin is sent to another address. Central organization can verify if their minted coins are being counterfeited.

This approach has some unique properties:
- coins that stand for 1mBTC can each have 1mBTC on their addresses. No one is silly enough to send for example 1BTC to 1mBTC coin address. That would make him directly send 1 BTC to central organization
- coins have physical form which means no Internet or electricity is needed
- can be traded like exchanging cash with no waiting time at all to for confirmation making it possible for everyday use
- central organization has the ability to retrieve coins in the circulation by simply spending amount from coin address
- anyone can check if coin has the amount of BTC that it is claiming it has
- maximum market cap of all coins in existence is defined by BTC market cap which controls deterioration of minted coins via inflation (no inflation that steals value from holders can be implemented, only minting more coins that are directly pegged to BTC value)
- central organization that mints the coins do not need to be centralized
- private key of minted coins can be destroyed which means that destroying coin you lock forever BTC value attached to it (making it more deflationary)

Bitcoin exist because of internet and if it shuts down,
bitcoin community will disappear. Bitcoin will not survive
without internet because they can't move.

no one can survive after a post noninternet world

Internet breakdown will not hurt bitcoin, it will just stop from increasing or decreasing - stay at the same price until solution is made.

Nope, BTC uses the net for everything it's based on. The only way I could think of it surviving without it is if the network was based on a massive LAN where each PC with the wallet was physically connected. Other then that, nope. I could br wrong though, please correct me if so.

If you try to mine bitcoin without internet you will discover that it can't be done, so btc can't exist without it.

Well they will have to frisk up and get some internets quickly then, won't they.

Lol.. not all. There are lots of people who doesnt have internet. Maybe close to half of the worlds population doesnt have internet.

Yes it can, rich BTC people will make their own internet

Whats the point of living in a post internet world? that would mean humanity is over.

no of course.. bitcoin was made in the internet, internet is maybe the blood of bitcoin..

I do not think that the authorities are able to close down the Internet worldwide. At the very least have the technology and wi-fi mesh network

I don't think it can because BTC network is expanding through the internet.

Internet is the main source of power of the bitcoin, if there is no internet it means there is no bitcoin, because the value of bitcoin is only valuable on the internet, bitcoin does not have a physical form, so it can not be used in real market, hopefully internet always connected so bitcoin never die ...