Topic: what happens to Bitcoin if internet goes down? - page 18. (Read 34295 times)

It would survive, with at least a week of issues, lol.  The whole world and many things would be seriously messed up for a short period of time. 

We are talking about only imaginations and even we all know that nothing is bad thing happened in future, like internet goes down, because now we have been that place where we could be solved every biggest problem, For example internet go down, than the government would be solved the other solution.

Something like this can only happen with help of several governments. If they make some deal between themselves to destroy bitcoin network. In any other case its impossible for internet to go down in entire world, there is servers across the world and we can keep our coins in offline hardware wallets, so while internet is down our coins are safe in that kind of wallets. I can't say this scenario is impossible to happen, I wish to say that this can't happen accidentally, someone need to do this, some humans.

If something catastrophic would happen that resulted in the entire internet going down, Im sure my bitcoin will be the last of my worries.

will certainly make bitcoin be destroyed. because the Internet is the most important thing is in bitcoin. if there is no internet bitcoin certainly could never be in use. because the only way to access the bitcoin is using the internet. end of bitcoin if the internet is destroyed

It is hard to imagine that internet will down.. it is impossible to happen unless if there is alien just like in movies that they are get all our power off or electricity off. it can be happen all everything in online can be useless.

i think it is impossible to desturb or out of service of internet . vut due to wars government of countries can stop the internet service . if all the country will stop to provide internet then the price of bitcoins became constant and when Internet start then there will be sharp increase in rate .

the same thing that has happened with a lot of coins that got severely jacked up, usually in the first week or so, for the most part, the longer chain would win out in the end, but that would also require those wallets to get back up, running and connected

I think if the net went down globally, there would be bigger concerns than bitcoin as fiat would likely be worthless too, given that for that to happen, it would take something that would destroy civilization as we know it. I think a bigger concern would be, what would happen to bitcoin if a large area of the internet went down, but miners still preserved transactions through mesh-nets. What would happen when things in that area were restored and the chains from the mesh-nets tried to integrate back in with the main chain?

Presuming it came back on and the internet itself worked out the kinks of millions of devices scrambling for data, Bitcoin would be effected less than other systems.  Think about it.  A bank is working on several transactions, ATM transactions, billing and a variety of functions that regard money that moved yesterday, last week, five minutes ago.  It has to deal with balance checks and various nuances of security.  A given bank branch and the data flow it uses is anywhere from two months to twenty minutes in the past. 

Bitcoin is dealing with 2 blocks.  The last solved block and the next unfilled block.  There may be miners on a block or two back, but those are the chain important blocks.  Traditional banking is still moving forward with the data network.  Checks would come back out and money would still move in and out of the bank, those would all have to be reconciled when the internet came back.  But, the moment that the internet dies, Bitcoin ceases to move. It is like all the units in a factory linked to each other causing no backups or jamming.  If one part stops, they all stop.  When the blockchain stopped moving, there were no new TX's.  When the chain gets started again, the TX's and the hashing all start at near the same time.  There will be a brief shock to the network, but the difficulty will adjust on the next block and it will move again.

The whole world is ran by the internet, if it goes down, so does everything in the world because we as humanity can only move forward, not backwards.

Shouldn't there be a way to test this out in a sandboxed environment?  I'd be surprised if there were not already definitive proof out there...

True but automatically all bitcoin transaction is literally shutdown unlike other services which can do manual transactions.  Anyway  i don't think that internet will go down.  Large company wont let  it happen, even government because almost all their instant transaction depend on the internet.  shutting it down for merely a minute will make them lose billion dollar of transactions.

if internet goes down, not just bitcoin that will not work, all transaction which using internet will be down, and we can only use money to buy directly with around us, can not make online buy and selling product, or even can not make trading. i think it will back like in the year of 19-- before internet was born.

reasonably speaking, I think it will be the end of bitcoins, but looking to it in another way, That will probably be the end of the world as we know it right now if the internet as a whole "goes down".. Again there is no indicator for that and this question is the same as asking what will happen if the sun shuts down or anything like that.

This is quite funny lol ,since you have stated about many things loses when the internet goes down aside from the bitcoin industry. People nowadays are having a hard time to leave without internet connections so i am thinking of the probability also of losing their minds haha.

Yeah, it's something that is impossible to occur, because the internet is something very important in the life of all people. If the internet is down, then we will definitely find it hard to do anything that can only be done in the internet

i think no only bitcoin but the entire world is depending of  internet. therefore it is very very difficult, almost impossible that internet will go down, if by the chance it happen then people will find other ways of to use and invest in bitcoin.

If you don't have access to the internet, you don't have access to Bitcoin.

Some can argue that you can hold paper wallets, etc. but it just simply doesn't work.

Local internet can cut out and Bitcoin would be fine. But if the entire global network crashed (an unlikely scenario unless there is global disaster) we would likely have a lot larger problems than access to our Bitcoin.

We don't see Bitcoin, or the Internet as a whole, simply collapsing one day.

We cant imagine our life without internet so where's the question of bitcoin. First of all we would die then bitcoin would die with us. Silly question.