What if? Just asking opinion | Bitcointalksearch.org

Rostadom

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Quote from: Taki on March 23, 2017, 12:32:56 AM

Surly bitcoin will be worthless. What an enemy makes first in the case of war? Ruine all the contacts. And electricity and the Internet are the most easy sources to be taken. Without that to use bitcoin will be just impossible.

Unless the first attack can destroy the whole country, then that's not going to happen. Ever. There's no single place where all electricity are stored and as for the Internet, you have to destroy all the cables or towers first before you can ever destroy it fully. So, let's say that a countryX have bombed countryY. Then countryY will be alarmed and the defense will all be set. The chance of countryX to destroy all these infrastructures are already gone. So like I said, electricity and the Internet will not be taken away just because it's the enemies priority for their first attack.

There's different plant or storage of electricity for different cities. There's no central one. For the Internet as well, there's tons of ISP tower all over the country.

Yuuto

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Quote from: The Sceptical Chymist on February 17, 2017, 02:39:16 PM

You kind of answered your own question there. If anything collapsed the power grid, bitcoin would be worthless. Precious metals would be the go-to asset, with guns and food. But would a war cause that worldwide? Probably not.

Personally I believe that bitcoin is going to exceed gold and silver simply because you’re not going to be bothered to cut up a piece of gold, verifying its purity, and weighing it to the precision of hundredth of a gram just to be able to buy a loaf of bread. It’s way too much time and if you are only 0.01 grams off from the actual figure you could be losing a shit ton of money after a few trades.

Bitcoin on the other hand is easily accessible by anyone, easily transported, and easily transmitted to anyone all over the world.

Unlike people above me suggest, it is very unlikely that the electricity grid will go out simultaneously all over the world. Also you have to realize that electricity grid is much more reliable than what was in WWII and WWI. So bitcoin will still be able to be used.

ilovefeetsmell

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

Maybe it will be gone if the world war 3 breaks out. It can be controlled by the government and it will end up into nothing. If we have no electricity, it means that there's no bitcoin appear. They will control people, money and anything in this world. We became slaves or worst than that. Never-ending wars are also destroying our democratic republic. War is great for the bankers and defense contractors.

thunderbitz2717

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

In my point of view, it is true that if ever world war 3 happen the electricity, servers getting down but for sure the government of the country will surely do something to fix the electricity, servers, and power outrage and bitcoin can possibly increase the value and we can retrieve everything that we saved into our bakcup files. So that's what I think about it.

gabmen

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Quote from: X-ray on March 23, 2017, 12:57:54 AM

Quote from: Taki on March 23, 2017, 12:32:56 AM

Surly bitcoin will be worthless. What an enemy makes first in the case of war? Ruine all the contacts. And electricity and the Internet are the most easy sources to be taken. Without that to use bitcoin will be just impossible.

Imagine your power plan gets nuclear in the future and BOOM! no electricity, no internet, no bitcoin. Since a long time ago a lot of the people are interesting for using the gold rather than bitcoin. But i think if the bitcoin is wanna be the secondary currency and i think if that will be suitable for the bitcoin itself. Imagine the bitcoin will survive in the next World war will be useless.

Well i don't think most things would survive after a nuke war though. We may end up just trading our belongings for things that we need. That's the problem with war. It's not o ly the warring countries that will suffer but pretty much the entire human population. We've come a long way already with advancements that can better our lives, with btc as one of them, so i hope we don't throw these away senselessly by engaging in war

user27

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

I think that bitcoin is more relevant in a hyperinflation scenario than a total war and destruction scenario because bitcoin is a good store of value much like gold.

Bitcoin has been dubbed the digital gold by many people.

When electricity is cut off worldwide and countries can’t communicate to each other, then really bitcoin is worthless. Bitcoin is built on the internet. If the internet doesn’t work anywhere then there is no way that you’re going to be able to send any amount of bitcoin.

xypos

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

Well there isn’t really much of a chance for a world war 3, i mean yeah sure there may be small wars in individual countries but i don’t think there will be much of a chance that a war that exceeds the magtitude of WWI or WWII, at least in the near future.

You have to realize that all currencies have no intrinsically.

If people are starving to death and they have no food, they don’t need any money. If that is the case, then obviously nobody will use any currency, let alone bitcoin.

X-ray

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Quote from: Taki on March 23, 2017, 12:32:56 AM

Surly bitcoin will be worthless. What an enemy makes first in the case of war? Ruine all the contacts. And electricity and the Internet are the most easy sources to be taken. Without that to use bitcoin will be just impossible.

Imagine your power plan gets nuclear in the future and BOOM! no electricity, no internet, no bitcoin. Since a long time ago a lot of the people are interesting for using the gold rather than bitcoin. But i think if the bitcoin is wanna be the secondary currency and i think if that will be suitable for the bitcoin itself. Imagine the bitcoin will survive in the next World war will be useless.

ethereumhunter

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

world war 3 will give a big impact for human and the economic as we know that many big power country has got new weapon without we know. beside that, if world war 3 break out, i think bitcoin and other cryptocurrencies will not function because we all know that cryptocurrencies is depend with internet connection and without this, we can use bitcon to buy or sell. maybe we all will go back in the ancient age and there is only exchange goods with goods again.

Taki

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Surly bitcoin will be worthless. What an enemy makes first in the case of war? Ruine all the contacts. And electricity and the Internet are the most easy sources to be taken. Without that to use bitcoin will be just impossible.

Oralmat

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Quote from: evilgreed on March 22, 2017, 09:49:14 AM

I think maybe it will even rise higher, at that time maybe only rare people that remains holding bitcoin.

Exactly, because for sure things will be prohibited to use at that moment and those who can really afford people can only access it, those who have powers and riches can.
But we hope that, that thing will not happen for we are not ready to lose btc.

genny2kuk

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

Gold is best during such period.

CODE200

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

Yes, as you said "servers getting down, no electricity, and everything". That may come true when world war 3 happens, and when it happens we are not focusing on bitcoin and cryptocurrencies to go down in price, but we are all focusing to keep ourselves safe and our love ones.

evilgreed

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I think maybe it will even rise higher, at that time maybe only rare people that remains holding bitcoin.

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Quote from: choppork on March 20, 2017, 12:42:52 PM

Quote from: TimeManLove on March 20, 2017, 09:02:30 AM

In the event of a power outage and the Internet, because of the war, bitcoin will cease to exist. And ordinary money will lose value. The main currency will be shelter, food and water.

I don't think those will be "currency" because there's no other resource that's more important than shelter, food, and water. There's nothing to trade in exchange of them. Those are the only necessary things at the time of catastrophe. It's either people share those to each other or they fight/kill each other over those necessary stuffs.

Although I still doubt that when there's a war, the whole Internet will go down since there'll be countries that are too minor to be conquered by other countries. You know, countries that people don't care about. No resource, not much people, etc.

Now that you pointed it out, in case of war breaking out in the world that would only affect the countries that are involved not the ones that have no hand in it, let’s say that for example a war breaks in china, that may affect the mining power in china not the whole world because the exchange will move to other people who are mining the bitcoin in another country.

choppork

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Quote from: TimeManLove on March 20, 2017, 09:02:30 AM

In the event of a power outage and the Internet, because of the war, bitcoin will cease to exist. And ordinary money will lose value. The main currency will be shelter, food and water.

I don't think those will be "currency" because there's no other resource that's more important than shelter, food, and water. There's nothing to trade in exchange of them. Those are the only necessary things at the time of catastrophe. It's either people share those to each other or they fight/kill each other over those necessary stuffs.

Although I still doubt that when there's a war, the whole Internet will go down since there'll be countries that are too minor to be conquered by other countries. You know, countries that people don't care about. No resource, not much people, etc.

TimeManLove

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In the event of a power outage and the Internet, because of the war, bitcoin will cease to exist. And ordinary money will lose value. The main currency will be shelter, food and water.

olubams

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

If World War 3 should break out, I dont expect any body to have time to think about what the price of bitcoin or any currency whatsoever to be. Because in the war of bio weapons, being in your house alone does not make you immune to the calamity of the war. So I expect that the world will go as much as 500 years backward in the case of world war as everything development would have been destroyed beyond repairs...

sourris01

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Quote from: Flamma on March 08, 2017, 02:22:28 PM

If World War 3 will be ignited, I will worry more about the safety of my family and other people. I won't care for anything but its the survival of my family. But in regards to Bitcoin, reports have shown that the negative effects of war on economy include increased public debt, increased levels of taxation and inflation. This will affect again the volatility of Bitcoin. It can be more expensive vice versa. The problem is that the effects of military spending are not productive when compared to the economic needs of these other areas. So, I think it won't happen Cheesy

Just think about what the third world war means. It can generally bring destruction to every country and this means the lack of electricity and even the Internet. Thus, bitcoin can and will be expensive to build, but the demand will be in other values, material.

Flamma

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If World War 3 will be ignited, I will worry more about the safety of my family and other people. I won't care for anything but its the survival of my family. But in regards to Bitcoin, reports have shown that the negative effects of war on economy include increased public debt, increased levels of taxation and inflation. This will affect again the volatility of Bitcoin. It can be more expensive vice versa. The problem is that the effects of military spending are not productive when compared to the economic needs of these other areas. So, I think it won't happen Cheesy

Topic: What if? Just asking opinion (Read 3480 times)