Topic: what happens to Bitcoin if internet goes down? - page 4. (Read 34308 times)
People have become dependent on internet.If internet goes down the whole world will be a mess.Bitcoin network is built on internet.Therefore it goes without saying that bitcoin network will be interrupted if internet goes down.But if a alternative communication method is introduced to build a network of bitcoin then there is no issue of internet going down.
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
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 really, if internet would be down, so will be bitcoin, because bitcoin is depending its stability to the internet's speed and capability. so if losing internet is a problem, so as large problem would come for bitcoin. but on the other hand, 98 percent of today's society is using the internet, so i do believe that it isn't possible to ban the internet.
If the internet goes down also nothing will happen to the bitcoin just the working speed of the website will get slow
If there is no internet maybe bitcoin will be lost, and no communication is available to all countries, we will not know what's happening outside of our country, facebook, twitter and other internet connections will be lost.
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
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 internet goes down, the price should be stuck, since no one can buy or sell the price will freeze in time.
We have two scenarios:
1.-Internet goes down for a short time... If that happen then when internet comes back things will go back to normal.
2.-Internet goes down and never come back... If this happens then we can say goodbye to bitcoins, but if this makes you feel better, I can tell you will miss more other internet services than bitcoin.
Bitcoin motion and rapidly growth is because of internet connection. Without internet connection bitcoin will be in a stagnant place to the particular area where no internet connection. Bitcoin business in other country will go on. No internet connection all over the world is a total bitcoin force to stop in the way of internet connection. Still business must go on no matter what.
You are right, if you do not have the Internet, other businesses can not go on. Now it is the Internet era,most of the global business depends on the Internet,and Bitcoin is no exception. If the whole internet goes down, the bitcoin network goes down too.
The balance of all of the address remain unchanged,because of no more new transactions .
Internet is one of the technology we need in order to keep bitcoin working and without it the whole bitcoin network will stop. Transactions will freeze until they turn it back on. But it is not only bitcoin that will be affected as well as the transactions or communication of different companies and industries, it is like a ripple effect, everything that uses the internet for business will be affected. To consider that almost everything rely on internet for communications I guess they won't put down the internet so easily. The balance of all of the address remain unchanged,because of no more new transactions .
If the whole internet goes down, the bitcoin network goes down too.
The balance of all of the address remain unchanged,because of no more new transactions .
The balance of all of the address remain unchanged,because of no more new transactions .
Bitcoin motion and rapidly growth is because of internet connection. Without internet connection bitcoin will be in a stagnant place to the particular area where no internet connection. Bitcoin business in other country will go on. No internet connection all over the world is a total bitcoin force to stop in the way of internet connection. Still business must go on no matter what.
We always hear the word bitcoin network and as we know network is related into internet so when the internt is down, we can't use bitcoin in transactions. This will never happen because most countries have internet already.
No internet is no access to online services, Your bitcoins in your offline wallet will be secure, as long there will be no hard-fork.
But the chance that the whole world (miners included) will have no access to the internet, is very slim.
But the chance that the whole world (miners included) will have no access to the internet, is very slim.
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 this happens all this crypto coins will have no value,1/4 of the worlds economy will drop since this percentage represents the totality of crypto to the economy..but i hope this would never happen or if does hope i did manage to exchanged all my funds into fiats
If the internet goes down, the bitcoin might be crash also because bitcoin exist through technology and internet. But that it is imposible to loose in internet because it is worlwide that has internet. So if there has an internet, there is a bitcoin that flows of it.
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
For me internet will never be going down that is a new trend now of millennial everything will be gone but not the internet that the future generation. And there's some country that offers free data everywhere so they can access bitcoin as much as they need so how come people are predicting that internet will go down in the future if that's the center of every transaction in our daily living. 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
Bitcoin is a digital currency that requires an internet connection. In other words we can't do anything if the Internet goes down. In fact, many users will also affect if internet goes down in a way of posting in the different forum. I conclude that it will be a great chaos in the Bitcoin world. But who knows in the future if the internet really goes down, maybe there will be an alternative method will exist.
If the internet goes down it's a big problem for all the Bitcoiners or even in all of the internet users.Today,most of us are using internet for fun and most if that is for business.
Bitcoin will go down because it works because of internet or maybe someone will make a solution for the internet shutdown.
Bitcoin will go down because it works because of internet or maybe someone will make a solution for the internet shutdown.
face to face trades? Of course there must be a way to broadcast the transaction anyways. And as said on previous topics, if there is no internet service, we probably have bigger things to worry about.
Thats pretty impossible, Bitcoin was made through technology and how are you going to present it personally? If internet goes down, theres no possible way for us to connect with this.
Bitcoins was being produced through using the internet. Bitcoin is a digital currency which doesn't have any physical form. So without internet,it's impossible for the dealer and buyer to exchange goods. Probably the end of bitcoin story if this things will going to happen.
At first I don't believed that internet will be soon goes down but in case it will happen I think the percentage of bitcoin users will also goes down because we all know that this bitcoin will be used with an internet connection and without this it will not function .
I agree with you.
when that happens I think it is a death on bitcoin because it has lost its function and can not be used anymore.
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 this thing happens, then we all need to use real money or fiat currency or gold or any other precious metal maybe. Bitcoin will become powerless and useless. But I doubt that the internet will ever breakdown like it will fully shut-down in the whole world. 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 do not think the internet can go down, the longer that internet users it a lot. so it is quite difficult if the internet is down. with so bitcoin will be able to advance with the internet is always advanced.
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