what happens to Bitcoin if internet goes down? - page 32.

Vaskiy

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Quote from: phreaky on April 26, 2016, 02:53:13 AM

Quote from: foxbitcoin on December 14, 2015, 04:02:44 AM

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 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.

Yeah if the internet goes down there is pretty much nothing that we can do, we just have to life with it at the moment. We just have to go back to the old ways and use only your countries currency again.

People will get mad if such things happen, no possibility for internet to go down, as people rely on internet, everything get collapse if internet goes down, bitcoin will be almost dead as there will be no alternative solution for bitcoin than internet.

phreaky

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Quote from: foxbitcoin on December 14, 2015, 04:02:44 AM

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 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.

Yeah if the internet goes down there is pretty much nothing that we can do, we just have to life with it at the moment. We just have to go back to the old ways and use only your countries currency again.

ajun96

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Quote from: rababo on April 20, 2016, 09:15:35 AM

If the internet goes down then bitcoin would be useless. The reason is exist is because of the internet.
Bitcoin can't be used if there's no internet.

before that happens we should think that. what can make the internet could be down or disappear? war? it looks like a war will not happen in all countries? so of course there are countries that connect to the Internet, especially the country non block. so I think there is no possibility for internet disappear overall

Erzatium

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Quote from: Login2Luck on April 22, 2016, 03:55:13 PM

bitcoin is i think almost dependent on internet, there will be no other alternate technology for bitcoin except ATM i think, so i think we have to take care of our internet connection and network and have to live with love and peace so that we do not lose our money.

Without internet bitcoin is close to dead. So if it happens it needs to last not too long. A 2/3 delay max can be endured else it will be very hard for bitcoin
to survive.

Login2Luck

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bitcoin is i think almost dependent on internet, there will be no other alternate technology for bitcoin except ATM i think, so i think we have to take care of our internet connection and network and have to live with love and peace so that we do not lose our money.

Jushe

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I'm tellin you guys...theres a guy out there printing out every bitcoin transaction on a roll of receipt paper! I saw it! We'll just have to ask him!

BitcoinBlackjack

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Very good question IMO.
If ever there is a huge solar flare that causes our networks to crash for a few minutes/hours/days, what would happen?

BitsandBites

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Quote from: hurain on April 22, 2016, 12:37:13 PM

it is a fact that if internet goes down there will be nothing left about bitcoin. But can we imagin the world with out internet in the present time. it will not only effect the bitcoin but i think it will disturb other important aspects of life.

Why is that? If there are no miners, their are not transactions which is not bad because nobody can make transactions either way. When things are back to normal..
then the economy will start slowly to from where it started.

hurain

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it is a fact that if internet goes down there will be nothing left about bitcoin. But can we imagin the world with out internet in the present time. it will not only effect the bitcoin but i think it will disturb other important aspects of life.

avw1982

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Quote from: Note_spark on April 22, 2016, 10:19:24 AM

I also don't think it would happen. But if it will, bitcoin would go down as well and freeze in time. I guess there are still a lot more problem especially now adays people always relly on internet.

I think paper wallet will be use if its happens that you can transfer it into another pc or laptop..
But i think it will not happen because internet is the half of my life without it...

Note_spark

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I also don't think it would happen. But if it will, bitcoin would go down as well and freeze in time. I guess there are still a lot more problem especially now adays people always relly on internet.

Jasad

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= jasad =

Quote from: vero on April 21, 2016, 06:24:40 PM

Quote from: Gubzy on April 21, 2016, 06:19:40 PM

I think if the internet went down you wouldn't even be able to send bitcoin to people, as bitcoin is on the internet. And maybe bitcoin would be lost if it was being sent, although I really don't know.

I think not only bitcoin which became worthless but also human life would be worthless because we can't deny now the internet is a human need.

not sure with you all,i think if internet goes down,blockchain will take the local transaction,so bitcoin can still moving from people to people. and i'm also sure if internet goes down,people will back to like internet never exist,nothing to be waorry about,

InsideBjorn

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The chance is really small that the internet will goes down, but if that is going to happen than there are a lot of people that is going to be mad and Bitcoin will maybe disappear.
But dont talk about things that the chance is really small that can happen.

ajun96

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Quote from: Gubzy on April 21, 2016, 06:19:40 PM

I think if the internet went down you wouldn't even be able to send bitcoin to people, as bitcoin is on the internet. And maybe bitcoin would be lost if it was being sent, although I really don't know.

Lol pf course even you can not access the wallet. for all transaction processing and load must be using an Internet connection. so if the Internet disappeared. may not only bitcoin disappearing. but everyone will lose because the banks certainly have chaos too

RawDog

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"what happens to Bitcoin if internet goes down?"

- same thing that happens if gravity goes down. The probability of this happening is about the same also.

KennyR

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Quote from: MTBTT on April 21, 2016, 03:04:00 AM

Quote from: rababo on April 20, 2016, 09:15:35 AM

If the internet goes down then bitcoin would be useless. The reason is exist is because of the internet.
Bitcoin can't be used if there's no internet.

of course, as all transactions are done in online bitcoin if the internet did not exist of course we can not access or bitcoin wallet us. but it looks like it will not happen internet will always exist

Yeah internet will continue at any hard or worst times of economy or any backlog in the technological advancement.

Mumbeeptind1963

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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

I think no internet no bitcoin. You can transact in bank to send money to someone,
I think when nuclear war will happen the price of bitcoin is dead because in that case no people would try to surf, they trying to survive in that case hehe thats my theory

bitbite111

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At least we can always eat our gold.

vero

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Quote from: Gubzy on April 21, 2016, 06:19:40 PM

I think if the internet went down you wouldn't even be able to send bitcoin to people, as bitcoin is on the internet. And maybe bitcoin would be lost if it was being sent, although I really don't know.

I think not only bitcoin which became worthless but also human life would be worthless because we can't deny now the internet is a human need.

Gubzy

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I think if the internet went down you wouldn't even be able to send bitcoin to people, as bitcoin is on the internet. And maybe bitcoin would be lost if it was being sent, although I really don't know.

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