what happens to Bitcoin if internet goes down? - page 27.

bitlancr

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Quote from: cryptolives on December 14, 2015, 03:54:45 AM

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 the internet goes down Bitcoin goes down with it that is just how simple it is, Bitcoin has to rely on the internet.
Internet at this point is a must and many people and companies would not survive without it.

CoinBreader

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Quote from: cryptolives on December 14, 2015, 03:54:45 AM

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

Then we are f**ked up for good..
But please dont start the drama about nuclear war, zombie apokalypse will do , something like walking dead, or the strain, or even the last ship! no nuclear pls .. we need action! Cheesy

lightyard12

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Quote from: cryptolives on December 14, 2015, 03:54:45 AM

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

We just have to go back to regular cash currency. USD, Euro, etc, since most BTC won't be able to be accessed. The ones that can be accessed may be physical BTC or part of debit/credit cards such as advcash.

ASHLIUSZ

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Quote from: Pattart on July 11, 2016, 11:06:10 PM

Quote from: Breakfastchief on July 11, 2016, 10:29:50 PM

If the Internet should happen to go down, there will be no access to Bitcoin until the Internet comes back up. It won't dissapear, it just won't be there while the net is down.

And in the case of nuclear war, or WWIII, food and clean water will be king like cash used to be. And people will really kill for that kind of "money."

The first of course there is something great that make Internet could be down or no connection at all. maybe it was like a world war III or apocalypse? yeah no other events besides it that could make the Internet down? but if it happens naturally bitcoin will not live

If the internet goes down worldwide, the world economy too will go down, less chances for that to happen and if that happens probably bitcoin will go down.

Pattart

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Quote from: Breakfastchief on July 11, 2016, 10:29:50 PM

If the Internet should happen to go down, there will be no access to Bitcoin until the Internet comes back up. It won't dissapear, it just won't be there while the net is down.

And in the case of nuclear war, or WWIII, food and clean water will be king like cash used to be. And people will really kill for that kind of "money."

The first of course there is something great that make Internet could be down or no connection at all. maybe it was like a world war III or apocalypse? yeah no other events besides it that could make the Internet down? but if it happens naturally bitcoin will not live

Vintry Dribbler 1975

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Quote from: Breakfastchief on July 11, 2016, 10:29:50 PM

If the Internet should happen to go down, there will be no access to Bitcoin until the Internet comes back up. It won't dissapear, it just won't be there while the net is down.

And in the case of nuclear war, or WWIII, food and clean water will be king like cash used to be. And people will really kill for that kind of "money."

As the old saying goes... Cash is King... Also, Don't put all your eggs in one basket.

It's hard to anticipate such things as a global war taking out all communications and thus access to the block chain, if someone were in a remote location, they could in theory I guess create multiple transactions for the same balance of BitCoins they have in their possession. But, then again, how would you know unless it were something like a paper wallet?

Above all else, make sure you have a nice deck chair, a bottle of something red, a bottle opener, some blue cheese (and some matches) and sit on a nice hill top and watch the red glow as the nuclear missiles stream overhead.

... I'll drink to that!

Yutikas_11920

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Quote from: PemburuReceh on July 11, 2016, 09:44:17 PM

If the internet goes down i think bitcoin will probably go down with them.

Yeah, because the bitcoin rely on the internet for any transactions made. However I think if the internet goes down, bitcoin can still be used when we save a bitcoin wallet in offline. Because offline wallet can take them everywhere and I think it could be used for the transaction

Breakfastchief

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If the Internet should happen to go down, there will be no access to Bitcoin until the Internet comes back up. It won't dissapear, it just won't be there while the net is down.

And in the case of nuclear war, or WWIII, food and clean water will be king like cash used to be. And people will really kill for that kind of "money."

PemburuReceh

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If the internet goes down i think bitcoin will probably go down with them.

sobsitesearch

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Quote from: TGD on July 11, 2016, 08:32:15 PM

Quote from: BitHodler on July 11, 2016, 05:35:02 AM

Quote from: 23dzmaz on July 11, 2016, 01:02:48 AM

Well, i think internet is never goes down. If internet goes down, bitcoin will dead because no one can't using bitcoin on online, but maybe some people can use bitcoin with their offline wallet.

The internet will never go down globally. It might happen in some countries, but that's all.

The great thing is that mining farms and nodes are hosted in different places around the world.

If the internet in one country goes down, then there will always be the other countries left to keep Bitcoin up and running.

That's why it is very important also for the future that nodes and mining farms get spreaded around the globe wisely.

Wow that's a nice I dea and thank you for the info atleast we don't need to worry if its happen in any country we still have our own bitcoin. And the internet that down will going back again.

Internet connection is the heart of bitcoin mining farm, i think the owner of the farm already prepared if that will happen. They not stick on 1 mining farm and in 1 country. and also there are more ISP in this world and all are very competitive that is why they give all their best to keep their client intact on them.

bamboylee

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Quote from: talkbitcoin on July 11, 2016, 05:00:45 AM

Quote from: JeffBrad12 on July 11, 2016, 04:59:01 AM

Quote from: 23dzmaz on July 11, 2016, 01:02:48 AM

Well, i think internet is never goes down. If internet goes down, bitcoin will dead because no one can't using bitcoin on online, but maybe some people can use bitcoin with their offline wallet.

anything can happen, dude. I sure similarly with your said if the internet goes down, bitcoin will dead because no on can using bitcoin. but what you can do with the offline wallet?I think is not having a value at that time. the one disadvantages of bitcoin, without internet bitcoin, is worthless.

of course anything is possible but the important thing that you are forgetting here is that the chance of happening a lot of these scenarios are so small that it becomes negligible. so in this case you can safely assume it will never happen because the chance is so small.

Never mine bitcoin if internet goes down. I think the world will stop revolving if there is no internet. People will go nuts not being able to update their facebook status. We are now heavily reliant to internet and its services, so if it goes down, world economy goes down with it too. Then chaos. So, bitcoin will go down if internet is out. The same with everything that relies on internet too.

emberbekas

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If internet went down then bitcoin will dissapear aswell since all bitcoin transactions need internet. Nowadays internet is one of the effective way to connect all people around the world and I do believe that a bunch of people that competent on it will keep maintan and make sure that internet will be available for a very long time! So, no worry about it!

TGD

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Quote from: BitHodler on July 11, 2016, 05:35:02 AM

Quote from: 23dzmaz on July 11, 2016, 01:02:48 AM

Well, i think internet is never goes down. If internet goes down, bitcoin will dead because no one can't using bitcoin on online, but maybe some people can use bitcoin with their offline wallet.

The internet will never go down globally. It might happen in some countries, but that's all.

The great thing is that mining farms and nodes are hosted in different places around the world.

If the internet in one country goes down, then there will always be the other countries left to keep Bitcoin up and running.

That's why it is very important also for the future that nodes and mining farms get spreaded around the globe wisely.

Wow that's a nice I dea and thank you for the info atleast we don't need to worry if its happen in any country we still have our own bitcoin. And the internet that down will going back again.

beerlover

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Quote from: BitHodler on July 11, 2016, 05:35:02 AM

Quote from: 23dzmaz on July 11, 2016, 01:02:48 AM

Well, i think internet is never goes down. If internet goes down, bitcoin will dead because no one can't using bitcoin on online, but maybe some people can use bitcoin with their offline wallet.

The internet will never go down globally. It might happen in some countries, but that's all.

The great thing is that mining farms and nodes are hosted in different places around the world.

If the internet in one country goes down, then there will always be the other countries left to keep Bitcoin up and running.

That's why it is very important also for the future that nodes and mining farms get spreaded around the globe wisely.

It's not possible globally but there can be internet downtime for many and especially when we need to make transactions urgently, we would need to connect to the internet else the transactions would be held up. In any case, bitcoins would never end with the end of the internet as it will never happen but we need to have phsyical bitcoins to avoid this possibility.

20kevin20

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This would mean a big scare for all of the Bitcoin owners. Even a second of worldwide Internet shutdown would most probably mean chaos and fear for most, if not all of us. That would hit the Bitcoin hard, because we will loose our trust in it, which means the price probably going as low as the 2011/2012 level. In case of a war (which is most likely to take place soon with all the tensions around the globe), nobody would care about ANY currency except gold. And trust me, a war in this moment... Means the World War III. Internet/Energy shutdown worldwide is what I'm afraid of right now. Just imagine The world having none of these for just one minute. Think of the absolutely huge scare we would get from it.

bitdumper

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One world One currency, Bitcoin.

firstly bitcoin is running all over the world with billions of computer running it each have a part of network so i don't think it will effect much if internet goes down for a while we have the network still running but i don't think we can make transactions due to the unavailability of miners.

langedwig

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Quote from: Sharma on July 11, 2016, 05:06:38 AM

What if the world ends? What would happen to all the fiat currency that is on the planet?

It is unlikely that such a wide spread internet access will all go down at the same time. But bitcoin will be revived as soon as internet comes up online again for at least one of us.

As everything is based upon the internet access now days, it wil ruin thousands of employment. I am sure this is fully taken care. More focus would be on making the internet work and do more than simply allowing it to get lapsed.

langedwig

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Quote from: serjent05 on July 11, 2016, 11:06:57 AM

Quote from: KingdomHearts on July 11, 2016, 07:59:24 AM

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.

Its true. But do we have anything to prevent this collapse? Let's hopenthis should not happen anytime. Let's dream to have btc forever. Let also the future generation experience the benefits of BTC.

langedwig

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Nothing can be done unless we have set everything in place to prevent the loss. Everything is done in this forum online. If it goes down it has to be resolved very soon to avoid a loss.

spazzdla

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Quote from: avw1982 on July 11, 2016, 12:46:16 PM

Quote from: KingdomHearts on July 11, 2016, 07:59:24 AM

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 .

I don't think that will not happen, but if it will happen than many people will not be happy and that is very bad. Because there are people that is depended on Bitcoin.
But the chance is very small to happen that and that good. But we will see, but the chance is almost impossible.

If the net goes down for a decent amount of time world wide we are looking at massive population loss.. riots... wars... Food not getting to stores.. bitcoin would be the last of anyone's worries.

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