What happens when there is NO electricity? How does one trade with BTC? - page 22.

nemesis_

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Quote from: avadonne on February 25, 2018, 04:24:37 AM

Then no one will ever gonna trade cryptocurrencies. The Internet is essential in crypto world, without it we cannot connect to other people across the world. Also, electricity is as essential as the internet. Without electricity then no internet. And no trade at all.

Bitcoin, or any other cryptocurrencies, greatly relies on the internet. Since it is a digital money, therefore, it can only be accessed with the presence of internet. Without electricit , there would be no internet. Without this, we can not access or use any of our crypto. Trading would not be possible.

upsidedown75

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Quote from: September11Myth on February 28, 2018, 06:51:12 PM

You could host a little electrical generator at home to switch on when you are without electricity and you have the sudden need to trade bitcoins. If you connect the generator to a cyclette you can even make some sport while you trade.

Yeah, in that case, there should always be an alternative. There is no way one can do anything without electricity and since the use of bitcoin and trading in general is restricted to online, it is not even a point to start debating. Smart phones though have been able to some extent, but you will still have to charge it at some point and even if you have a wifi, which would require charging too, life without electricity is just more like being shut out of the world completely in this jet age.

wuvdoll

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Quote from: Hamphser on February 28, 2018, 04:30:11 PM

Quote from: Finestream on February 28, 2018, 03:44:35 PM

Quote from: ikipiye on February 28, 2018, 03:13:17 PM

I also imagine this, we know that this bitcoin requires internet access, I think it can paralyze all the bitcoin transactions. Maybe it's better to wait for the electricity to recover.

Yes for sure.We can't make our trading transactions successful unless we cannot provide electricity,then internet connections could also be gone.If we have prepared some generators for it,maybe we can.But in some urban or even rural areas who has poor access to internet,then all internet transactions will be all paralyzed.

In doing trading not only just on bitcoin alone.There are 2 major factors for you in able to do such thing which is the most important (internet access, electricity) lacking even one of these things will really not work generally.Not only paralyzing the trading activity but there would be lots of thing to be mainly affected or even the entire economy of a certain place that do experience blackout.

On a very good and normal day, how would anyone even do anything without electricity? Okay, except for laptop with a good battery, an internet access, probably that would suffice for some few minutes, but in places where they are actually and totally ridden of electricity, it is impossible, probably possible with the use of mechanical or solar generators anyway. One thing is that this is one thing that makes it a problem for the whole population to adopt with the knowledge that some people in the globe still lack infrastructure.

Whosdaddy

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Quote from: keeee on March 03, 2018, 12:03:59 AM

Quote from: solve_it on September 28, 2017, 10:58:58 AM

We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations?

Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?

For me I think you cannot access your bitcoin and other coins in your wallet if you do not have an internet connection because it is very needed. In addition to that, I think it is impossible to lose an internet connection since our technology nowdays is improving.

Without electricity and internet connectivity, you cannot do anything especially when it comes to that of investing your money in any of the digital currency. These are the most important things you need to have and if there comes a situation when there will be no electricity, then I am afraid that it will be very much difficult for the bitcoin and rest of the coins to survive in this world.

goodvibes05

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Quote from: solve_it on September 28, 2017, 10:58:58 AM

We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations?

Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?

electricity is the source of internet and other online/ digital transactions. Without electricity you cannot do any of these, but there are still options like having a solar power energy and a generator that can supply electricity. Most important option is to have a physical money to use in any emergency situation. We cannot rely on btc all the time especially on emergency situations like typhoons, floods, earthquakes, or any disasters that can cause the turning off energy supply in many places and there's no way you can trade btc in this kind of situation. So it is still important to have a physical money other than btc in a worst situation like that.

Ondongeric18

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We all knew electricity is very important for computers to work. And because it is important I think companies had a solution to brownouts. They have generators and some alternative energy sources where one will still be able to transact business online like a solar powersource. So it couldn't be a big problem to them and maybe the same for the common people who are also bitcoin users.

DirtyMiner

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You won't be able to trade BTC but you will be able to trade BCH - Cointext.io (Transfer BCH via text) You will also need a "Solar Power hand Crank Charger" to keep the mobile juices flowing.

Ewox

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You are correct and I do hope some of these countries would have solar power so they can charge like their phones if needed be. Maybe people from other countries can donate or are donating these solar power panels but it does cost much. But if ever these natural disasters does occur, do you think they can think about bitcoins and trading at that very moment though, because I wouldn't.

Rrtt

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Quote from: garytheasshole on September 28, 2017, 11:00:32 AM

If there's a natural disaster cutting off electricity for days, trading bitcoin should be least of your worries really. Priorities man.

no electricity due to some disaster can affect the btc trading. Maybe in some areas they can use solar panel or a generator at least. but that is the least to worry because of high technologies electricity can be rebuild in the earliest possible time with the help of the government.

Palmerson

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Quote from: Semosuchi Tesongrato on March 03, 2018, 05:27:48 AM

Well, of course if there were no electricity at all, transactions of bitcoin would be a little complicated.

Btw, in case of a global and permanent blackout, I don't think that bitcoin would be the main problem... think about how any sector of daily life depends from electricity.

I think you're saying that because you've never been in extreme conditions. Of course, in such circumstances, priorities change but the demand for money is not canceled. In order to leave the disaster zone need transport. There are always people who will help you, but they want money for it. The prices are many times higher. You can talk about moral values and volunteers, but believe me this mechanism does not work.

Tamilson

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Quote from: paparexon0414 on March 03, 2018, 03:06:24 AM

If natural phoenomena happens in one country, losing electricity is not in their top priority. They need to eat and find a safe shelter. I think i would not think of trading in that moment of chaos. Afterall i cant use my phone or computers, they might be washed out. If a person have the intense urge and really have the passion in their trading, lossing all the basic needs doing this is really hard to imagine. Sorry for those people who cant do that unless you are rich, find another place with comfy home with electricity qnr internet.

Agree. I can't imagine how people still worry in their trading when you should be worry more is your safety and security. When these things really happen money isn't that much important because you should think first if all of your love ones are alive and safe and money will just be the secondary.

I think OP's title is just an obvious question with an obvious answer.

Semosuchi Tesongrato

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Well, of course if there were no electricity at all, transactions of bitcoin would be a little complicated.

Btw, in case of a global and permanent blackout, I don't think that bitcoin would be the main problem... think about how any sector of daily life depends from electricity.

plaintiff77

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If there is no electricity, that only means we cannot do bitcoin for the rest of our lives. This also indicate that we cannot do trading or whatsoever since electricity is the only one supportinf our gadget that we are using in accessing the internet.

paparexon0414

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If natural phoenomena happens in one country, losing electricity is not in their top priority. They need to eat and find a safe shelter. I think i would not think of trading in that moment of chaos. Afterall i cant use my phone or computers, they might be washed out. If a person have the intense urge and really have the passion in their trading, lossing all the basic needs doing this is really hard to imagine. Sorry for those people who cant do that unless you are rich, find another place with comfy home with electricity qnr internet.

carlisle1

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Quote from: Hamphser on September 28, 2017, 11:41:29 AM

Quote from: garytheasshole on September 28, 2017, 11:00:32 AM

If there's a natural disaster cutting off electricity for days, trading bitcoin should be least of your worries really. Priorities man.

You wont really bother or to problem this thing first when theres an electricity outage for sure you would find to secure first your family,loved ones on how to live without electricity rather than minding on how you would able to trade with bitcoins. This is just really a non sense question after all because not only bitcoin trading would be affected but all the things which been powered by electricity would be gone too.Imagine a life without energy for sure you would struggle on daily living knowing that we are already living on this convenient world because of gadgets or things which uses electricity.If its gone then were fucked up.

maybe what op means is after the security of the family and love ones.maybe he want to purchase something and needed to do withdrawals,this may his concerns but for sure only one answer is applicable,its a big NO,YOU CANT MAKE TRANSACTION WHEN THERES NO POWER..because internet connection is the tools to make all of what you need,and internet is useless without power.

traderethereum

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Quote from: btcrut2017 on March 03, 2018, 12:12:20 AM

Quote from: solve_it on September 28, 2017, 10:58:58 AM

We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations?

Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?

With today's technology i doubt if electricity is a problem except of course to the poorest of the poor countries. But if you know bitcoin for sure you have electricity in your home. You can't access bitcoin if you don't have internet and you can't have internet if you don't have electricity.

and for this short explaining, we know that the electricity and the internet are related with bitcoin and if one of that does not exist, then we cannot use bitcoin or we cannot trade with bitcoin. fortunately, in many countries, the electricity and the internet is something that people needed and without this, people cannot do their works. although we can see that in many countries, the electricity and the internet is something that too expensive for the people but they still try to use it.

Browsers Lab

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You can try too but I agree. If there is no power and the lines are down. This sounds more like a horror movie. Priorities man lol.

Make a backup of your wallet at all times so if you have to run, you know where your wallet is. Or if you come to a place with internet and power, you can use it.

btcrut2017

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Quote from: solve_it on September 28, 2017, 10:58:58 AM

We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations?

Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?

With today's technology i doubt if electricity is a problem except of course to the poorest of the poor countries. But if you know bitcoin for sure you have electricity in your home. You can't access bitcoin if you don't have internet and you can't have internet if you don't have electricity.

keeee

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Quote from: solve_it on September 28, 2017, 10:58:58 AM

We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations?

Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?

For me I think you cannot access your bitcoin and other coins in your wallet if you do not have an internet connection because it is very needed. In addition to that, I think it is impossible to lose an internet connection since our technology nowdays is improving.

Ampong2121

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Quote from: solve_it on September 28, 2017, 10:58:58 AM

We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.

My friend asked me what about in regions where they lose electricity, how would they trade with BTC?

For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.

Is there a way to still trade with BTC in such situations?

Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.

I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?

No one use bitcoin and trading if theres no electricity, because we need internet before we can access to bitcoin. Maybe you can use bitcoin and you can trade if you go to another place that have electricity Cheesy

Mobile data is also one way to use bitcoin, but what if your phone is lowbat then you dont have electricity then you cannot access to bitcoin.

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