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Topic: if someday the network internet totally dead . - page 2. (Read 9685 times)

sr. member
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If someday the whole network internet dies, the economy will totally crash since most of the people are sending and receiving money through the internet, not only the crypto lover. Therefore, we should hope that it will never happen because it will strongly affect to everyone on this planet.
Yeah i thought that was not possible. Because the bank's financial transactions also use the internet. If the internet is dead I think we will be in the stone age
hero member
Activity: 2408
Merit: 584

what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?

If someday we use bitcoin as a mode payment then the internet become paralyzed then we go back again to use cash. That is the only way and solutions i know because we used cash before bitcoin came.

I guess this thing will happen if the internet will be dump and if no one cares to return it back to its service, we do not have a choice but to go back to cash as payment to everything. I guess it is not that big deal, at the time this thing happen I guess we already used bitcoin very well.

well i don't think that the internet connection will be dump and no one will care to return it back because everyone in the world is dependent on internet connection, means to say that not only bitcoin is rely on internet that no one will be care, i think the economic system, the transaction of fiats and also the investors will also be in risks, so they will do anything for the return of internet connection.
sr. member
Activity: 686
Merit: 253
what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?

I think if bitcoin has become the main payment tool in the world there's no need to transact on the internet, and if then the internet is totally dead it does not matter, because bitcoin has become the primary means of payment in the world and means our days in real life are easy to sell or buy with bitcoin. So, no longer need to access the internet.

I guess you didn't get the OP very well and I will advice you to read back and edit your post maybe. How can we use Bitcoin without the Internet? It's rather the internet that helps us facilitate Bitcoin payments that's why it is vital in our lives and the OP is assuming hypothetically that if it is switched off somehow by whatever means what will happen to Bitcoin.
sr. member
Activity: 560
Merit: 257
what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?

I think if bitcoin has become the main payment tool in the world there's no need to transact on the internet, and if then the internet is totally dead it does not matter, because bitcoin has become the primary means of payment in the world and means our days in real life are easy to sell or buy with bitcoin. So, no longer need to access the internet.
sr. member
Activity: 308
Merit: 250
use the distributed network and the central server at the same time.
sr. member
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      That someday is really far away from the future or even it will never be happen thats because as you said : what if someday internet network will be paralyzed so that mean you can't do transactions when you need to. There are still many holes to fill before bitcoin will be the main payment there are many still many what if's and do's before it happens. I know in our technology is advancing every single day sooner or later those holes are  going to be filled and bitcoin will be the main payment option and internet network will never be paralyzed. The only solution is for now is just use cash at the moment.  Wink
legendary
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
If someday we use bitcoin as a mode payment then the internet become paralyzed then we go back again to use cash. That is the only way and solutions i know because we used cash before bitcoin came.

I guess this thing will happen if the internet will be dump and if no one cares to return it back to its service, we do not have a choice but to go back to cash as payment to everything. I guess it is not that big deal, at the time this thing happen I guess we already used bitcoin very well.
Even the cash system gets affected in large scale, because nowadays the cash too is used much through the cards that's been provided by the banks and other services to make everything easier to access. So cash usage might gain more users  but such internet death won't happen.
hero member
Activity: 798
Merit: 500
what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
If someday we use bitcoin as a mode payment then the internet become paralyzed then we go back again to use cash. That is the only way and solutions i know because we used cash before bitcoin came.

I guess this thing will happen if the internet will be dump and if no one cares to return it back to its service, we do not have a choice but to go back to cash as payment to everything. I guess it is not that big deal, at the time this thing happen I guess we already used bitcoin very well.
hero member
Activity: 2408
Merit: 584

That's the tough and hard thing about using a currency that is based and used for the internet and the only chance for it to survive would be the internet being online and running, though to do this day I don't think we could ever go through something like that and no government in the world would never allow such a catastrophe to happen in the least, the internet is going to live on forever at this point.

So, this is never going to happen bud and Bitcoin will live on forever.

Everything is possible, so you should not rely solely on bitcoin. In the case of collapse, you need to have other values for survival.

yes you are right that we should not rely only on bitcoin because in case of any incident internet connection could totally damage, but i think the condition of internet will not remain damage for longer period of time because majority of people in world use internet for their work, of-course the great engineers will do their best to repair the internet connection.
hero member
Activity: 490
Merit: 500
what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
Such a disaster has not occured so far.If it happens,then it would create a big problem not only to bitcoin users,but especially to all banks who carry out all of their transactions digitally.Then no one would be able to send and receive money to different parts of the world.In fact,total economy would collapse.So bankers have to worry much more than bitcoin users.
hero member
Activity: 621
Merit: 500
for me when internet network is totally dead! we should use our local money because this bitcoin is a digital currency and the transaction is using internet connection but maybe it far enough to happen. it happens when there is a world war or nuclear attack.  it maybe a big problem to all bitcoin investors who invest a lot of money for bitcoin. it likes a bankruptcy of a digital world without internet.

It is necessary to use several variants of means for payment in case of any breakage or other emergency situation.
hero member
Activity: 2590
Merit: 644
what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
If someday we use bitcoin as a mode payment then the internet become paralyzed then we go back again to use cash. That is the only way and solutions i know because we used cash before bitcoin came.
Yes, I agree with you, we can not rely entirely on bitcoin. Using bitcoin is just a trading method in the future and if the internet is paralyzed, we can still use cash for the transaction but I think the internet is paralyzed can not happen, if it happens, it will be a global disaster. The fact that the internet is paralyzed will affect the economy and the lives of so many people in the world, I think the governments of nations will never let this happen.
Yeah internet is one of the foundation of any kind of thing that is related to our economy and i also agree that we should not always depend on bitcoin because it is risky so we should also save some money thru fiat and not only in bitcoin so if bitcoin or the internet will totally dead then we can still use our fiat money.
hero member
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
If someday we use bitcoin as a mode payment then the internet become paralyzed then we go back again to use cash. That is the only way and solutions i know because we used cash before bitcoin came.
Yes, I agree with you, we can not rely entirely on bitcoin. Using bitcoin is just a trading method in the future and if the internet is paralyzed, we can still use cash for the transaction but I think the internet is paralyzed can not happen, if it happens, it will be a global disaster. The fact that the internet is paralyzed will affect the economy and the lives of so many people in the world, I think the governments of nations will never let this happen.
full member
Activity: 158
Merit: 100
That's the tough and hard thing about using a currency that is based and used for the internet and the only chance for it to survive would be the internet being online and running, though to do this day I don't think we could ever go through something like that and no government in the world would never allow such a catastrophe to happen in the least, the internet is going to live on forever at this point.

So, this is never going to happen bud and Bitcoin will live on forever.

Everything is possible, so you should not rely solely on bitcoin. In the case of collapse, you need to have other values for survival.
hero member
Activity: 946
Merit: 500
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That's the tough and hard thing about using a currency that is based and used for the internet and the only chance for it to survive would be the internet being online and running, though to do this day I don't think we could ever go through something like that and no government in the world would never allow such a catastrophe to happen in the least, the internet is going to live on forever at this point.

So, this is never going to happen bud and Bitcoin will live on forever.

Internet now is much needed in our society, everything now is on internet, businesses and markets were on the flow of internet or system So when its gone if ever its not bitcoin alone who'll get affected also the society.
sr. member
Activity: 490
Merit: 251
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That's the tough and hard thing about using a currency that is based and used for the internet and the only chance for it to survive would be the internet being online and running, though to do this day I don't think we could ever go through something like that and no government in the world would never allow such a catastrophe to happen in the least, the internet is going to live on forever at this point.

So, this is never going to happen bud and Bitcoin will live on forever.
hero member
Activity: 2716
Merit: 904
for me when internet network is totally dead! we should use our local money because this bitcoin is a digital currency and the transaction is using internet connection but maybe it far enough to happen. it happens when there is a world war or nuclear attack.  it maybe a big problem to all bitcoin investors who invest a lot of money for bitcoin. it likes a bankruptcy of a digital world without internet.
member
Activity: 310
Merit: 10
can not be denied again that the role of the internet is very important today, if there is no internet world will certainly backward to the back, all financial transactions will be stopped, everyone will be queued until a day to buy tickets and much more.
full member
Activity: 123
Merit: 100
Bigger problem will be no cats and meme, for rest there is cash that should never be ignored.
hero member
Activity: 924
Merit: 505
what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
If someday we use bitcoin as a mode payment then the internet become paralyzed then we go back again to use cash. That is the only way and solutions i know because we used cash before bitcoin came.
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