Topic: What happens if internet connectivity gets terminated (Read 656 times)
If the internet is turned off and no one can do their activities in cyberspace, then it is certain that the world is in the end because until now everything is heading for the digital era and more advanced development and some have even planned a 6G internet network in 2030 in the future, maybe there are some special people who already enjoy this network, so it is impossible if the internet connection is turned off easily.
Right now each and everything is connected with internet and technology. The future of banking might happen through blockchain technology and bitcoin in mass adoption. By that time what will happen with the banking process if there happens a termination of internet connectivity for few days time.
This is one of the main high tech vulnerabilities. The higher they are, the more global failures in their work can be when assessing the amount of damage caused. It is quite possible that something will happen and all our satellites that provide the Internet will fall from the orbit of our planet. Cryptocurrencies and other non-cash payments that only work with the Internet will simply disappear. That is why we must have other, alternative methods of monetary payments, and above all cash paper money.
The disconnection of the internet has a direct impact on entrepreneurs and residents who will be neglected by business problems, traffic will be congested and residents cannot order food online through applications and motorbike riders are unemployed and almost all who rely on the internet network will be disrupted and disadvantaged.
including crypto users and others because the more advanced technology is, the more important internet connectivity is to access it, and hopefully that doesn't happen even if it's only for a moment because it will have a big impact.
including crypto users and others because the more advanced technology is, the more important internet connectivity is to access it, and hopefully that doesn't happen even if it's only for a moment because it will have a big impact.
Right now each and everything is connected with internet and technology. The future of banking might happen through blockchain technology and bitcoin in mass adoption. By that time what will happen with the banking process if there happens a termination of internet connectivity for few days time.
We choose the banks to delivers what we need and when we need it. The fact is, most of the banks will be much more efficient due to internet so if internet is gone then expect the delay of all of your urgent bank transactions as you cannot have access to online banking if you don’t have an internet connection.
If the internet connectivity gets terminated, our daily activity will change all of a sudden. Cellphone services will be unavailable, application and social networking sites will stop working, cloud storage and essential files will be inaccessible. Lastly, The online payment system will be down, especially bitcoin and other cryptocurrencies. The internet is already part of daily life, especially for us crypto users, because some are using crypto as a daily source of income.
Well, one day we will return to prehistoric times. Internet interruptions will significantly affect the quality of life, education, people and economy. all will go to the dead end
IMO this is why at least some countries will never go 100% cashless, because relying on the Internet and electricity 100% of the time makes you vulnerable. Imagine scenario where a pharmacy loses internet connection and can't accept payments, so people with a medical emergency can't buy medicine. Or if hackers attack payment systems like Visa to leave the whole economy paralyzed for hours.
Unlikely to happen with advance countries to average countries which are the developing countries. Internet is already like a food to us and mostly to the companies that are relying on it. But to say that internet gets interrupted for a limited time, you'll see that there will be trillions of losses in the entire economy which will cost a lot not just from the biggest corporations but also to the government of each countries. And relating to bitcoin, it stops transactions and mining but I don't think an entire global interruption of internet will happen. There would be a possibility that there's an interruption on the East but not on the West and the same as North and South of the globe.
If ever the internet gets terminated, cryptocurrencies and banking wouldn't be the only one that will be affected. It would pose global threat for certain as systems in the world would crumble. Internet plays a vital role in many aspects and life and businesses almost depends on it. It would surely produce a chain reaction which may lead to the downfall of the economy of many countries and may also cause chaos and misunderstanding to many. Connections to farther people would be more difficult and it may end up being catastrophic later on.
These days everything depends on the internet and many businesses will be destroyed after terminating the internet connection. Not just the business but some bank works such as online payment methods, etc.. will be broken. Internet is a huge part of our lives and shutting it down won't be easy, even for a few hours. Terminating internet connection will affect the bitcoin and crypto but first, before bitcoin, this will destroy the whole economic world. As an example, I'm a developer and all my income comes from the internet, after terminating internet connections I'll lose my job.
Of course, everything is directly based on the Internet. Nothing is conceivable without the internet. The maximum movements of our country will be deterred when the internet is terminated. The fact that we inhabit this crypto, commonly it will also stop. I can't imagine anything but the internet. And I also speculate that no one can be satisfied without the Internet. This problem exists in all cases and depends on the infrastructure of the country. In the first years when electricity came, everyone said that they were upset about it or why when there is a candle and ... and we can have it permanently from electricity Let's use.
But we all know the benefits of having electricity, and so is the story of Bitcoin.
Wait, what? I though the topic is about termination of Internet connection/use? kidding aside, I think you are getting off the topic.But we all know the benefits of having electricity, and so is the story of Bitcoin.
Indeed, we may say that the world nowadays is interconnected by Internet, especially with regards to our technology at this moment. And we may say it is playing a huge role in our daily lives. If someday this connection will be gone, it would be a huge problem in different industries but I doubt nothing will be done by people or governments in order to cope up with the problem. There will be actions but the situation will have delays I guess.
This problem exists in all cases and depends on the infrastructure of the country. In the first years when electricity came, everyone said that they were upset about it or why when there is a candle and ... and we can have it permanently from electricity Let's use.
But we all know the benefits of having electricity, and so is the story of Bitcoin.
But we all know the benefits of having electricity, and so is the story of Bitcoin.
We all know that digital currencies and transactions will not work without internet, therefore, cryptocurrencies are relying on it.
Big companies will surely become bankrupted as there will be a recession that will occur because market activities will be stopped. Internet is the number one thing that can make the world fall apart when it gets terminated. People are relying on the internet because we are living in a world that connects us through internet.
It really makes our lives become much better and easier and I think that all of our hard-work in our investment will be put into wastes when internet disappears.
Internet was really one of the greatest things that have been invented and because of this internet, we are doing the work easier through the use of this internet. If this internet will be terminated nor stop then probably the cryptocurrency will also collapse because this cryptocurrency is relying also on the internet, that's right that when the internet gets terminated many big companies will collapse also and they will get bankrupted because many of the companies are using the internet and its connectivity. Internet was one of the necessities right now and I can't imagine again a world without the internet. Big companies will surely become bankrupted as there will be a recession that will occur because market activities will be stopped. Internet is the number one thing that can make the world fall apart when it gets terminated. People are relying on the internet because we are living in a world that connects us through internet.
It really makes our lives become much better and easier and I think that all of our hard-work in our investment will be put into wastes when internet disappears.
If there are any interferences or problems with the internet, in developed countries like USA, there seems to be no problem and services act fast whenever there are problems like this, my main concern would definitely be on third world countries, their internet connections are not the best and just like in my country wherein Internet is very slow, although if things like these tend to happen, we have our mobile data to back us up, so if we ought to do some transactions or do trading, we can rely on data, for businesses or companies, they have fast internet, but for residential areas, nope.
No matter how fast the response is, the money that gets lost is too big of a scale to even fathom. This has been a scare for generations, that our reliance with electricity will be our downfall. The issue with third world countries is that it is not the Internet is the problem, it is the ISP's problem that they have a list of selected few to service without interruption, corruption is a big problem to most third world countries, I should know because I am living in one. Imagine if all the power grids around the world was destroyed by something like a sabotage, EMP, or natural causes, Internet will be just be a fleeting memory and we will be back to stone age for at least a decade.
If there are any interferences or problems with the internet, in developed countries like USA, there seems to be no problem and services act fast whenever there are problems like this, my main concern would definitely be on third world countries, their internet connections are not the best and just like in my country wherein Internet is very slow, although if things like these tend to happen, we have our mobile data to back us up, so if we ought to do some transactions or do trading, we can rely on data, for businesses or companies, they have fast internet, but for residential areas, nope.
We all know that digital currencies and transactions will not work without internet, therefore, cryptocurrencies are relying on it.
Big companies will surely become bankrupted as there will be a recession that will occur because market activities will be stopped. Internet is the number one thing that can make the world fall apart when it gets terminated. People are relying on the internet because we are living in a world that connects us through internet.
It really makes our lives become much better and easier and I think that all of our hard-work in our investment will be put into wastes when internet disappears.
Big companies will surely become bankrupted as there will be a recession that will occur because market activities will be stopped. Internet is the number one thing that can make the world fall apart when it gets terminated. People are relying on the internet because we are living in a world that connects us through internet.
It really makes our lives become much better and easier and I think that all of our hard-work in our investment will be put into wastes when internet disappears.
I mean isn't internet decentralized? IMO it's basically millions of computer connected to each other I doubt internet can be terminated easily unless you somehow cut off the connection to network or destroy all those computers?
Even big institution that relies heavily on internet to distribute or getting the data, if the worst happen which is termination of internet worldwide, they could easily create their own network. I thought military also have their own private network so I don't think it's gonna bring an end to modern world.
Even big institution that relies heavily on internet to distribute or getting the data, if the worst happen which is termination of internet worldwide, they could easily create their own network. I thought military also have their own private network so I don't think it's gonna bring an end to modern world.
Came to a bank to repay monthly premium for the loan taken providing gold as collateral. I reached the support executive to know the total amount to be paid to get the collateral submitted. The internet connection has got some issue, and I wasn't able to get the required details. By the time it remembered me of the bitcoin into banking where everything is interconnected.
Right now each and everything is connected with internet and technology. The future of banking might happen through blockchain technology and bitcoin in mass adoption. By that time what will happen with the banking process if there happens a termination of internet connectivity for few days time.
If there happens a termination of internet connectivity for few days time it will cause trouble, delays and inconvenience in every transactions. In case of an EMP attack, signal jamming or any sabotage of the internet blockchain won't work on that area covered by the attack and that is the only disadvantage of it. Right now each and everything is connected with internet and technology. The future of banking might happen through blockchain technology and bitcoin in mass adoption. By that time what will happen with the banking process if there happens a termination of internet connectivity for few days time.
Came to a bank to repay monthly premium for the loan taken providing gold as collateral. I reached the support executive to know the total amount to be paid to get the collateral submitted. The internet connection has got some issue, and I wasn't able to get the required details. By the time it remembered me of the bitcoin into banking where everything is interconnected.
Right now each and everything is connected with internet and technology. The future of banking might happen through blockchain technology and bitcoin in mass adoption. By that time what will happen with the banking process if there happens a termination of internet connectivity for few days time.
Right now each and everything is connected with internet and technology. The future of banking might happen through blockchain technology and bitcoin in mass adoption. By that time what will happen with the banking process if there happens a termination of internet connectivity for few days time.
If the internet connection gets disrupted, then all the banking services will be disrupted. Credit cards, debit cards.etc will not work. So this is not just applicable for Bitcoin. Apart from physical cash (banknotes, coins.etc), everything else will get impacted. Only way to get around it, is to create Bitcoin banknotes that are backed up with real Bitcoin (just like the Casascius physical bitcoins). Even in that case, mining may get affected. There can't be any mining activity without internet.
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