what happens to Bitcoin if internet goes down? - page 51.

bitsmichel

sr. member

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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

In the case of nuclear war you have other things to worry about Grin

lite

legendary

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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

Will we even survive after a nuclear war? satellite internet might work for those who survive lol

justspare

hero member

Activity: 1022

Merit: 538

Quote from: 1Referee on December 14, 2015, 05:06:40 AM

If something like that happens, then you will need to use your fiat currency or gold or any other precious metals. I don't even think about this scenario. It's too far away, if ever.

Exactly. That's why we need to use fiat and Bitcoin in todays world. Somethings Bitcoin can't do compared to fiat and vise versa. We need to have some variety in the world.

justspare

hero member

Activity: 1022

Merit: 538

If the internet goes down, Bitcoin is rendered useless, you pretty much can't do anything. But I doubt that the internet will ever go down, as in like fully shutdown across the whole world.

Amph

legendary

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see it as avacation from tradins, since not only you but everyone else can not trade, so you did not lose anything that day by not trading

or are you an obsessed trader that must trade everyday?

1Referee

legendary

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If something like that happens, then you will need to use your fiat currency or gold or any other precious metals. I don't even think about this scenario. It's too far away, if ever.

unamis76

legendary

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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.

foxbitcoin

sr. member

Activity: 593

Merit: 250

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.

cryptolives

newbie

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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

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