Topic: what happens to Bitcoin if internet goes down? - page 11. (Read 34308 times)
there would be no bitcoin anymore for sure
buy some silver. if the internet goes down it will 10x
First if all internet is not going anywhere because it is the most important need of everyone now a days. And if we consider that it goes down then Bitcoin will also end as it trades online... No internet will mean No Bitcoin... 😊 If the internet goes down then there will be no way for the people to use bitcoin and also transact using bitcoin and the bitcoin will just get stuck and there might be a lot of problems that will occur in bitcoin because of the shutdown of the internet but i think that in the reality, it will never happen.
Lol. Bitcoins and whatever crypto currencies existing on that time wouldn't be the main issues that people will be thinking about when that time comes. It'll be the last thing that people would be worrying about. At least i know this will be the case for me and people anear me. Lol. Just think about it, the world is already in chaos, killing each other to survive and all, no communication for Medical cures for new illnesses and so much more, would you still have the time to think about your cryptos? Lol. I dont think so. Haha
If the internet goes down, Bitcoin is rendered useless, you pretty much can't do anything. But I doubt that the internet will ever go down, as in like fully shutdown across the whole world.
If the internet goes down it is a big calamity in business world if that happen. But I believe that internet will survive if that happen it never be shutdown.
Interesting thought, if the internet goes down ... then we have a lot of other things with more priority to worry about than bitcoins!
However, if it really comes to that then perhaps we can find out a way to mine off line and get some other medium like perhaps some off line storage that we can take from one computer to another and get our mining synced - which seems like an almost impossible thought.
thanks,
Uttoran Sen
However, if it really comes to that then perhaps we can find out a way to mine off line and get some other medium like perhaps some off line storage that we can take from one computer to another and get our mining synced - which seems like an almost impossible thought.
thanks,
Uttoran Sen
If the internet goes down then there will be no way for the people to use bitcoin and also transact using bitcoin and the bitcoin will just get stuck and there might be a lot of problems that will occur in bitcoin because of the shutdown of the internet but i think that in the reality, it will never happen.
buy some silver. if the internet goes down it will 10x
if internet just goes down it's not a problem but the problem if internet disappeared for forever it will trouble to not get access to your online wallet, all miner problem,etc..
if the internet indeed vanishes for ever, then the entire infrastructure that depends on internet will be unusable. it's quite a doom scenario that will never happen. it may only go down for a short while. not for ever.
Everything can happen in the future and we can only assume what the future will bring for us. If the situation with the Bitcoin vanishing would realize itself it would only last for while like you stated but this short term of internet shortage could mean a big fail in the value of the Bitcoin and when Bitcoin would recover there would be some huge consequences for the holders of the Bitcoin. Bitcoin would lose its value a lot and nothing would ever bee the same because the investors would lose the faith and their fears would be connected with the possible bad outcomes of the future Bitcoin progress.
I thinks its not possible to happen. Bitcoin is a sign that are era is going to be at its peak. Theres no such modern era without internet so dont worry about it
If one day, the Internet crashes, then you want to trade BTC can only take your computer wallet or mobile wallet, face to face transactions, which will seriously hamper the development of BTC.
The possibility of the internet completely shutting off is highly unlikely. Depending on what jurisdiction you are in, your government may have the right to temporarily pull a kill switch on the Internet. The main purpose of internet kill switches is to either prevent some sort of cyber attack, or when the government feels there is a national threat looming.
given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is what happens to Bitcoin if internet goes down?
home internet and mobile internet goes down
do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away
If nuclear war happens, do you think we'll still survive? Hope it will not going happen because it will be a chaos and devastating. Power will be down and also internet. Definitely there will be no crypto transaction, no miners, no exchange, and no traders.home internet and mobile internet goes down
do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away
We need to wait until it will be back to normal. Hope no one will take advantage on your bitcoin.
Internet is now becoming the basic needs of human life. If internet goes off, not only bitcoin but whole world gets halted. Because almost all economies, industries, educational institutions are using internet in their day to day activity. Whole world will collapse for a while. Bitcoin is a digital currency. It get stored, verified and secured with the help of miners which are spread worldwide, internet is the main connecting link between them. Bitcoin investors will suffer a huge loss; they will not be in a position to perform any transaction. But situation like this will arise only when World war will broke out or a huge Tsunami will hit and destroy the whole civilization.
given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is how do we trade bitcoin during this time if we can't access internet.
home internet and mobile internet goes down
Bitcoin network completely breaks down. no hash power, no node. no confirmation, then we have to go cash, like dollar, euro.home internet and mobile internet goes down
If something like that happens, then you will need to use your fiat currency or gold or any other precious metals. I don't even think about this scenario. It's too far away, if ever.
Absolutely agree. This scenario, i think it wouldn't happen. Nowadays all people can't live without internet. Even for Bitcoin, can't survive if internet goes down either. I can't imagine it.There are a lot of companies who are running internet and because of that there is no reason for internet to come down so cryptocurrencies will still live a long life and those who invest on bitcoins will be wealthy in the future.
If the internet goes down, Bitcoin is rendered useless, you pretty much can't do anything. But I doubt that the internet will ever go down, as in like fully shutdown across the whole world.
I think if the internet goes down it will really a big problem to all bitcoin users, traders and investors. It will also have a negative effect in bitcoin industry and community. I hope internet will never go down because it will also affect the price of bitcoin and there is a chance that the price of bitcoin will dropped to $0.
It's never gonna happen. And if it really will happen. Bitcoin is gonna be the least of our problems.
If the internet goes down, Bitcoin is rendered useless, you pretty much can't do anything. But I doubt that the internet will ever go down, as in like fully shutdown across the whole world.
If internet goes down, it would be a great trouble for everyone who use it. Well bitcoin is a digital currency, meaning it will function with the use of internet. It will not work, and break down. But one thing I know is it won't happen that the internet goes down because we are now living in a modern technology.
If the internet goes down, you can't access Bitcoin because it is an online currency or we cannot apply a campaign and register on this site.
If the internet goes down, Bitcoin is rendered useless, you pretty much can't do anything. But I doubt that the internet will ever go down, as in like fully shutdown across the whole world.
If internet goes down, it would be a great trouble for everyone who use it. Well bitcoin is a digital currency, meaning it will function with the use of internet. It will not work, and break down. But one thing I know is it won't happen that the internet goes down because we are now living in a modern technology. Jump to: