what happens to Bitcoin if internet goes down? - page 38.

jethrorn99

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Quote from: GamingBro on March 25, 2016, 11:14:14 AM

Quote from: Slark on March 25, 2016, 11:04:08 AM

Let's be realistic here. Internet is not gonna disappear over night. To shaken pillars of global network some huge catastrophe would need to happen first.
Global nuclear war, huge EMP blast, Sun emitting some kind of solar flare etc. - if any kind of event of that magnitude will happen I would rather worry about my life than anything else - including BTC.

It's easy to get EMP blast need just wait for world war III and than internet can be destroyed. But it wont happen soon i think so internet will live and bitcoin too.

EMP is expensive you know. And using EMP in every places with internet will cost alot of money.

Even in WW3, using EMP everywhere is dumb.

GamingBro

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Quote from: Slark on March 25, 2016, 11:04:08 AM

Let's be realistic here. Internet is not gonna disappear over night. To shaken pillars of global network some huge catastrophe would need to happen first.
Global nuclear war, huge EMP blast, Sun emitting some kind of solar flare etc. - if any kind of event of that magnitude will happen I would rather worry about my life than anything else - including BTC.

It's easy to get EMP blast need just wait for world war III and than internet can be destroyed. But it wont happen soon i think so internet will live and bitcoin too.

Slark

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Let's be realistic here. Internet is not gonna disappear over night. To shaken pillars of global network some huge catastrophe would need to happen first.
Global nuclear war, huge EMP blast, Sun emitting some kind of solar flare etc. - if any kind of event of that magnitude will happen I would rather worry about my life than anything else - including BTC.

jethrorn99

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If internet goes down.. well... Bitcoin is gone aswell.

You can't do transaction, sell your bitcoin, nor buying it.

It will be nothing.

enhu

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Quote from: hawkins on March 25, 2016, 10:35:56 AM

Quote from: busybee7 on March 25, 2016, 10:25:21 AM

Quote from: BitcoinHodler on March 25, 2016, 10:06:48 AM

if Internet goes down we are back to the stone age, so we will not be needing bitcoin and only need animal skin to trade for fire.

thats true we wouldnt have any real currency we have right now because the world is very dependable on internet connection nowadays

i hope that this will never happen as not only bitcoin would disappear but all the world would be in deep chaos

yes, hopefully this will never happen, if the Internet disappeared probably the same man as in the stone age. if the Internet is slowing down, perhaps very many people who sell bitcoin that may make the price fall, or even disappear. it was terrible

if bitcoin disappears over night then no one call even sell their bitcoin and we all go back to fiat. once the ww3 started, internet may shutdown and who knows when it will be back. if it took 50 years, i don't think we all can still spend out bitcoin. the only we can trade by then are simply food and water.

hawkins

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Quote from: busybee7 on March 25, 2016, 10:25:21 AM

Quote from: BitcoinHodler on March 25, 2016, 10:06:48 AM

if Internet goes down we are back to the stone age, so we will not be needing bitcoin and only need animal skin to trade for fire.

thats true we wouldnt have any real currency we have right now because the world is very dependable on internet connection nowadays

i hope that this will never happen as not only bitcoin would disappear but all the world would be in deep chaos

yes, hopefully this will never happen, if the Internet disappeared probably the same man as in the stone age. if the Internet is slowing down, perhaps very many people who sell bitcoin that may make the price fall, or even disappear. it was terrible

BTCLovingDude

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Quote from: Flozbrand on March 25, 2016, 10:28:55 AM

If internet goes down permanently Bitcoin is obviously gone. But you will have much bigger problems than that.

If it goes down short-term, you will see a large sell off right after but it would probably come back right away.
Even though its no point in speculating on this really. If something like it would happen, so much could happen. Depends on very many different factors.

if (in a million years) internet goes down everywhere nobody has access to anything to sell bitcoin.

also after it comes back, if anybody sends a tx that would probably become a fork and there would be an agreement to start the blockchain from before the going down.

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If internet goes down permanently Bitcoin is obviously gone. But you will have much bigger problems than that.

If it goes down short-term, you will see a large sell off right after but it would probably come back right away.
Even though its no point in speculating on this really. If something like it would happen, so much could happen. Depends on very many different factors.

busybee7

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Quote from: BitcoinHodler on March 25, 2016, 10:06:48 AM

if Internet goes down we are back to the stone age, so we will not be needing bitcoin and only need animal skin to trade for fire.

thats true we wouldnt have any real currency we have right now because the world is very dependable on internet connection nowadays

i hope that this will never happen as not only bitcoin would disappear but all the world would be in deep chaos

BitcoinHodler

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HODLing is an art, not just a word...

if Internet goes down we are back to the stone age, so we will not be needing bitcoin and only need animal skin to trade for fire.

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Quote from: richmcrich on March 25, 2016, 02:42:40 AM

Quote from: quentincole32 on March 24, 2016, 11:36:27 AM

Quote from: hasiramasenju on March 24, 2016, 09:37:21 AM

if internet goes down that mean bitcoin will down too and useless because i didn't see other way how to use bitcoin without internet connections and i thought this is terrible things because we can't access internet and can't do anything to solve these situations

Internet is a place where bitcoin stored, without Internet bitcoin would be nothing?
It's like ask someone to cross a brige without bridge. Internet are one of the most important part in bitcoin.

Totally, if there is no internet then bitcoin would not have a chance to be exchanged and used in reality. it's hard to see the internet going down anytime soon though.

Yeah when internet goes down the use of bitcoin will surely gets affected. This will be overcome by the alternate solution by the developers.

richmcrich

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Quote from: quentincole32 on March 24, 2016, 11:36:27 AM

Quote from: hasiramasenju on March 24, 2016, 09:37:21 AM

if internet goes down that mean bitcoin will down too and useless because i didn't see other way how to use bitcoin without internet connections and i thought this is terrible things because we can't access internet and can't do anything to solve these situations

Internet is a place where bitcoin stored, without Internet bitcoin would be nothing?
It's like ask someone to cross a brige without bridge. Internet are one of the most important part in bitcoin.

Totally, if there is no internet then bitcoin would not have a chance to be exchanged and used in reality. it's hard to see the internet going down anytime soon though.

BitcoinSupremo

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Even if this scenario happen, internet will be back after some time, and some lucky persons will have their HDD untacted and will be back online with their BTC, so yes internet can't end forever and so Bitcoin.

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Quote from: ezview on March 24, 2016, 09:27:59 PM

cant you broadcast bitcoin transactions through the radio in some sound wave?

Broadcasting bitcoin transactions through radio signals is highly not possible. The reason is that signal interruption occurs leading to failure in transactions.

ezview

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cant you broadcast bitcoin transactions through the radio in some sound wave?

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Quote from: PakistanHockeyfan on March 24, 2016, 08:06:16 PM

Probably in person trades would be more likely. The issue with that is that I've never seen a physical Bitcoin in my entire life. I've always assumed Bitcoin never had physical coins for monetary worth. Does anything have a real authentic photo of a real Bitcoin?

You may be right, but keep in mind that Bitcoin can be used without a network the internet. Bitcoin it kind of files and can be used without internet. so if the internet is down we can still use Bitcoin. The Internet is only acting as a distributor for Bitcoin spread around the world

XXX-DR

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If the entire web goes down, there will be much bigger problems then Bitcoin failure.

However, it would survive if we are talking just short term

PakistanHockeyfan

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Probably in person trades would be more likely. The issue with that is that I've never seen a physical Bitcoin in my entire life. I've always assumed Bitcoin never had physical coins for monetary worth. Does anything have a real authentic photo of a real Bitcoin?

Anon_7716

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I think the problem will not occur in the Bitcoin. Because of the Bitcoin network alone in the Manager/managemennya, so if the internet is down. Bitcoin can still be used. Now the internet is only required to send the Bitcoin from one country to another.

Indrawan77

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If the Internet go down bitcoin will also go down there will be no transaction can be made and we cant check our money

So if internet down we cant used bitcoin totally

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