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Topic: what happens to Bitcoin if internet goes down? - page 25. (Read 34308 times)

legendary
Activity: 1148
Merit: 1048
As I've said before, bitcoin becomes  worthless as soon as you get outside of a wifi field. But if the entire internet of things is down, well, I think we have more important issues than bitcoin at that moment.
sr. member
Activity: 434
Merit: 250
without internet it will not have nodes, confirmation, hashpower, it would go down along with Internet

The Internet can go down if there is no electricity any more. For example there is a TV show exploring this concept where people live in a post-apocalyptic world with no electricity trying to survive.
sr. member
Activity: 247
Merit: 250
without internet it will not have nodes, confirmation, hashpower, it would go down along with Internet
legendary
Activity: 1176
Merit: 1024
I just came here to laugh,look at all the shit posts around.Didn't expected it to be this bad.If the internet goes down,there would be no transactions at all,what would miners do? Sit idle until there is a transaction to hash ? Bitcoin network would still be alive and the coins would remain right where they were until the internet comes back.

Everything mainly depend on interent,if it fails everything fails
Yes but the data doesn't,its stored on servers ,once the internet is back ,everything could be retrieved.


yeah, that is right the servers will have all the data and the developers will try to establish a new network and will use that servers data to give every person his bitcoins and will once again give a life to the world of bitcoin.
Besides, there are many bitcoins as well that are being kept in servers that are actually under real security servers with real, outifitted and gunned people guarding them.

The only problem would then be is whether internet would stay down or not, but it's highly unlikely that the internet would stay down for a long time as communication is now vital to humanity's survival.
hero member
Activity: 770
Merit: 500
Everything mainly depend on interent,if it fails everything fails
well i think you are more or less right about it, internet is really important in all of our lives, i think  and bitcoins without the internet pretty much cannot exist though thats just what i think
hero member
Activity: 910
Merit: 500
bitcoin production would surely go down but after the war ended it could start to grow again it would depend on those who still believe and a fanatic of it. But as of now lets just hope it would not happen
full member
Activity: 210
Merit: 100
I just came here to laugh,look at all the shit posts around.Didn't expected it to be this bad.If the internet goes down,there would be no transactions at all,what would miners do? Sit idle until there is a transaction to hash ? Bitcoin network would still be alive and the coins would remain right where they were until the internet comes back.

Everything mainly depend on interent,if it fails everything fails
Yes but the data doesn't,its stored on servers ,once the internet is back ,everything could be retrieved.


yeah, that is right the servers will have all the data and the developers will try to establish a new network and will use that servers data to give every person his bitcoins and will once again give a life to the world of bitcoin.
yes you are right they will defiantly find a way to restore it. but what about the data that is stored in the internet server. i think it will put a very bad image not only on bitcoin but on so many other business of the world.
hero member
Activity: 644
Merit: 500
I just came here to laugh,look at all the shit posts around.Didn't expected it to be this bad.If the internet goes down,there would be no transactions at all,what would miners do? Sit idle until there is a transaction to hash ? Bitcoin network would still be alive and the coins would remain right where they were until the internet comes back.

Everything mainly depend on interent,if it fails everything fails
Yes but the data doesn't,its stored on servers ,once the internet is back ,everything could be retrieved.


yeah, that is right the servers will have all the data and the developers will try to establish a new network and will use that servers data to give every person his bitcoins and will once again give a life to the world of bitcoin.
legendary
Activity: 2814
Merit: 1112
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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

This questions that are very unique. I think if the internet is down, then bitcoin will not be able to operate. In other words bitcoin will not be used, because the bitcoin system using the Internet. But maybe satoshi have another idea to resolve this
legendary
Activity: 1988
Merit: 1317
Get your game girl
I just came here to laugh,look at all the shit posts around.Didn't expected it to be this bad.If the internet goes down,there would be no transactions at all,what would miners do? Sit idle until there is a transaction to hash ? Bitcoin network would still be alive and the coins would remain right where they were until the internet comes back.

Everything mainly depend on interent,if it fails everything fails
Yes but the data doesn't,its stored on servers ,once the internet is back ,everything could be retrieved.
sr. member
Activity: 585
Merit: 251
Everything mainly depend on interent,if it fails everything fails
legendary
Activity: 3248
Merit: 1402
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I think if the Internet went down, btc wouldn't stop existing. We'll still have it potential existence. I think it's comparable to the biological virus when it is not active in the organism. It is sort of dead but then can suddenly become alive.
sr. member
Activity: 382
Merit: 250
if the internet goes down .  bitcoin forum or thread is pretty affected   because if you use bitcoin you need more andmore internet connection  to use it  ..
Yes very affected because you can not access online and all online transactions will be disappear and all of us will do manual transaction even in the banks.
I think we cant use bank too, cause their system will go offline and we dont know about our money
We will go in the years without internet, using gold and silver as currency.
Well it can happen if a nuclear weapon blasts in the atmosphere of earth(not on land but air). And it will affect the whole world. But if you have stored btc offine in hard drive like TREZOR then you are safe and can use your btc.
newbie
Activity: 59
Merit: 0
If internet goes down bitcoin will probably be the least of your problems. If something taht big happens and its consequences are capable of bringing internet down on a worldwide level then I guess you should worry for other staff more than what you do for cryptocurrencies. Having said that, I believe that even in the worst case senario , since the technology behind internet is now available to all, local-small lan networks will always survive. And who knows btc could be used there.
sr. member
Activity: 382
Merit: 250
i think its not possible. in present time as the world is about 70% depending on internet. so we can say that if the internet goes down it will certainly effect and disturb the whole world.
yeah well said ! if also internet goes down then its not possible to go internet down in the whole world but in some places and which can't stop peoples from using bitcoins Cheesy
hero member
Activity: 756
Merit: 500
if internet goes down then bitcoin also breakdown because bitcoin is totally depend on internet but  i think internet can not go down because nowadays  technology is much more advance in the world and internet will never goes down now in modern age .

Pretty much this is true, if internet goes down bitcoin network will collapse (we are talking about the global internet shutdown here).  Furthermore in transaction like payment online or remitances, as stated, when bitcoin network collapse all the transaction will be at halt.  So no remittances, even all sort of online transaction will stop.
It can happen for all transactions that take place online and not only bitcoins but I do agree that if we are only depending on the crypto currency, it can be a huge problem for those who transact almost daily and cannot afford to lose on any transaction due to internet failures. Same was the case with blockchain which was down few months ago and transactions came to a halt.
hero member
Activity: 714
Merit: 528
Oh, it will be preserved.

There are multiple nuclear-protected datacenters that keep a copy of the blockchain. I forgot what they were, but you can Google them.
I believe this is the news that you are looking for
http://www.datasecuritynode.com/bitshares-blockchain-elects-nuclear-bunker-to-protect-against-all-threats-for-the-next-500-years/

Well, this is partially a good news
Now we just need to figure out on how to get a surviving Computers and Internet Connection and the most important part, the bitcoin wallet itself

If we have a physical wallet chances are it will still survive the nukes, say goodbye to your coins if you have the online wallet option because most likely it will get blown up in the first place Tongue
sr. member
Activity: 476
Merit: 250
i think its not possible. in present time as the world is about 70% depending on internet. so we can say that if the internet goes down it will certainly effect and disturb the whole world.
Of course it would not only effect the Bitcoin because Bitcoin is not the only thing that makes use of the internet,
Internet these days is to important to get red off so it would be a problem if the internet got down.
legendary
Activity: 1386
Merit: 1020
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It would not only affect Bitcoin but all the transactions made throughout the world who uses Internet. The communication would be slowed down similar to previous decades or years that we would like back t Telegraph or telephone lines which would be a hassle in everyone of us. I can't imagine a world without Internet especially to these high tech generation.
full member
Activity: 224
Merit: 100
i think its not possible. in present time as the world is about 70% depending on internet. so we can say that if the internet goes down it will certainly effect and disturb the whole world.
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