what happens to Bitcoin if internet goes down? - page 28.

avw1982

hero member

Activity: 644

Merit: 500

Quote from: KingdomHearts on July 11, 2016, 08:59:24 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.

pandalion98

sr. member

Activity: 504

Merit: 250

Quote from: serjent05 on July 11, 2016, 12:06:57 PM

Quote from: KingdomHearts on July 11, 2016, 08:59:24 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.

I don't think all of the transactions will stop. Instead, I think the BTC network will get fragmented.

Intercontinental cables are the most vulnerable pieces. Intracontinental ones, on the other hand, have a good chance of surviving. Bitcoin transactions can still be broadcast, but it won't reach the other side of the world. Miners can still receive transactions, but only from the extent of their connection (e.g. a US miner can't receive Chinese transactions since trans-Pacific cables are offline). There would be a fork basically.

serjent05

legendary

Activity: 2982

Merit: 1280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: KingdomHearts on July 11, 2016, 08:59:24 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.

KingdomHearts

hero member

Activity: 896

Merit: 514

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 .

AioFox

member

Activity: 84

Merit: 10

Quote from: talkbitcoin on July 11, 2016, 06:00:45 AM

Quote from: JeffBrad12 on July 11, 2016, 05:59:01 AM

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

You mean like that move for Johny Deep? I forgot what the movie was called but the internet went down in the end and people lived normal simple lives. I think those who are rich by making money on the internet would eventually become poor and those who worked through hard labour and a non internet means would be the ones who are rich.

takingthis4

sr. member

Activity: 504

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: Mokuton on July 11, 2016, 06:38:47 AM

If the internet goes down, we go back to real gold since bitcoin is digital gold as store of value Grin

thats true, i hope that the internet is never going to go down because it would be a disaster for bitcoin, no one would be able to use it because it wold be impossible to send it

Oralmat

hero member

Activity: 588

Merit: 500

Quote from: Sharma on July 11, 2016, 06:06:38 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.

For my view, if internet go down, so than we will build it again and let start the work again, but imaginary, internet never come again for a long period than we will use the fiat currency.
If we see the previous last 30 years, so in that time majority of the people didn't know about the computer, and in that time no bitcoin and other cryptocurrencies was here, people only using the fiat currency, and they was happy and they was living the life. So same situation will be happened again, if internet go down.

Xester

hero member

Activity: 994

Merit: 544

Bitcoin transactions, mining, and other bitcoin activities are linked and processed online through the internet. Without the internet people cannot use, buy and sell bitcoins. In short it will be the end of bitcoins. Fiat currency is declared the winner and will be used for generations. Saying goodbye to internet is saying goodbye to bitcoin and the whole cryptocurrency economy.

Mokuton

full member

Activity: 192

Merit: 100

If the internet goes down, we go back to real gold since bitcoin is digital gold as store of value Grin

BitHodler

legendary

Activity: 1526

Merit: 1179

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

Sharma

legendary

Activity: 1092

Merit: 1000

GATCOIN : The New Currency Of Digital Marketing

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.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: JeffBrad12 on July 11, 2016, 05:59:01 AM

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

JeffBrad12

hero member

Activity: 2898

Merit: 529

Leading Crypto Sports Betting & Casino Platform

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

BossMacko

hero member

Activity: 1134

Merit: 502

Quote from: cryptolives on December 14, 2015, 04:54:45 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 use Bitcoin because we can use it anywhere around the world using mobile, personal computer, laptop etc with internet connection. Without internet connection you won't be able to do any transaction with it. The result is Bitcoin and other crypto currency will all become useless without internet connection. Therefore as the internet goes down all crypto currency will also go down with it.

romero121

legendary

Activity: 3206

Merit: 1213

casinosblockchain.io

Initial days the confirmation gets delayed, further the mining gets affected which collapses entire bitcoin network and other digital currency network. In reality internet won't go down because not only our bitcoin, each and every sector in one or other way has some connection with internet.

23dzmaz

sr. member

Activity: 420

Merit: 250

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.

leonix007

sr. member

Activity: 1008

Merit: 297

Grow with community

Quote from: cryptolives on December 14, 2015, 04:54:45 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

Of course Bitcoin will not process without internet, however if this happens, all of the world is in tremendous chaos, businesses, transportation, communications will greatly affected, not only bitcoins, but all other currencies will go down.

So I guess, All governments and other people including us is preventing this type of problem.

vero

hero member

Activity: 518

Merit: 500

Quote from: bitcoinbox on July 11, 2016, 12:47:31 AM

Quote from: foxbitcoin on December 14, 2015, 05:02:44 AM

Quote from: cryptolives on December 14, 2015, 04:54:45 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 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.

If one day the all internet is down, it means probably ww3. In that case, even dollar or euro will have no value anymore.
I think in that case, better to have gold.

though war will happen again this world even though I don't want a war happen very unlikely internet will disappear from the modern world that has been what it is today.

btcking101

full member

Activity: 140

Merit: 100

Firstly internet is never gonna go down ...its only gonaa go up and up..and if that happens then i think there will be no value of bitcoin..every thing in bitcoin is online its not a paper currency..no if no internet then there is no bitcoin

Mayuyu48

hero member

Activity: 644

Merit: 500

Quote from: cryptolives on December 14, 2015, 04:54:45 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

Well, if the internet breaks down, bitcoin is last of our woes, the world would in fact fall apart as we know it right now.
So yeah, bitcoin functionality would breakdown, no confirmations hence no transactions, it's like asking what if bank processing servers were bombed, surely the functioning of the bank would end, but breakdown of internet is highly unlikely at a global level, so I doubt bitcoins going anywhere

Topic: what happens to Bitcoin if internet goes down? - page 28. (Read 34295 times)