What if there is a natural disaster, such as an earthquake? - page 11.

fakegurutu

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Quote from: maculeth on October 04, 2018, 08:46:05 PM

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

Natural calamities or disasters doesnt really have an effect on the course run of the crypto market, it wont affect the prices of it or the project itself. Although in that affected area, the signals and internet connection will lost but that will only be the problem in that area, it wont generalized all in the crypto world.

Impulseboy

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It might affect the users because if there was an earthquake, then powerlines may be cut. Depending on the intensity of the earthquake, and depending on if a person lives within or near the fault line, houses could be destroyed during the quake, so obviously it will be hard to access their coins. However, imagine if we could use the blockchain technology to send donations to the victims of any natural disasters. I think it will be good for the industry, right?

samycoin

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Earthquake is a natural disaster behalf global warming that's we experience a lot of calamity it's our fault actually because instead we care the mother earth some people destroy it. I think it will not affect crypto but like electricity if shot down we will not use it for a while but can't damage the crypto.

Mainman08

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Earthquake don't occur on all places at the same time. It only take a huge effect only for those affected areas. But it can also have effect on crypto world but not that big.

Brunus

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It is clear that a disaster always affects the economy; then, it depends on how extensive the disaster is. If it is a local problem, humanitarian aid can be counted on; if instead a meteorite hits the earth ... well, it's trouble

Rath_

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Quote from: mrcash02 on October 05, 2018, 12:57:14 PM

You might have Bitcoin and internet access, but what will you be able to buy with this without disponible supplies at the stores (or without even stores)?

Think about the rest of the country. Imagine what would happen if an earthquake occured close to one of the biggest national mining farm which secures the national cryptocurrency. It would take some time before the mining difficulty adjusted. Transaction fees would become enormous and the time between each block would be too long to provide instant transactions (this doesn't apply to the Lightning Network on Bitcoin which works independently after funds are locked up in a channel successfully). It is government's duty to provide food supplies at such time.

awawo

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Well directly I don't think natural disaster will have great effect on the natural nature on bitcoin or the other cryptocurrencies due to the fact that it does not exist on a physical form so at that is can not be destroyed by earthquake and the rest. But the fact still remains that since cryptocurrency depends on the activities of people in other to flourish it market is important to note that what ever can affects the financial well being of the people will have negative effects on the cryptocurrency market.

Biscutard

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The only affected area of calamities is the only problem if your favorite exchanges building collapse because of an earthquake, of course they will stop on processing your transactions. And i don't think it has a big effect the market of crypto currency because crypto is not a stocks that we can touch or see in real life.

hungsanh2512

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Internet will be lost in the event of a disaster or earthquake, but if you can store electronic money in a safe or secure USB drive, then I think when you go through the disaster your assets will be intact.

mrcash02

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Crypto is just the money, the economy would suffer the same way if the currency used on that country is fiat or Bitcoin. The roads will be damaged, preventing supplies to reach different places and also affecting exportation. You might have Bitcoin and internet access, but what will you be able to buy with this without disponible supplies at the stores (or without even stores)?

During crisis times like this money isn't very useful...

waitforme

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Quote from: maculeth on October 04, 2018, 08:46:05 PM

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

You have Japan as a country with frequent disasters and natural disasters that often bring a lot of damage to the state. But everything is resolved very quickly after the emergency ends. The economy in this country is increasing, and the Cryptocurrency here is also growing fast, this is a country with a vast number of investors.

Maestro75

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Quote from: gantez on October 05, 2018, 02:12:41 AM

Just as others have said and which are the possible effects. The effects won't be inform of personal limitation to send or receive if network or internet are available, computers are not destroyed, good supply of electricity are still intact...then, we might continue to live a normal "crypto life". But were the destruction affects mining, internet connectivity, then it will be a problem.

Internet connectivity will be affected definitely if an earthquake occurs because network providers will loose their equipment. Unless it does not happen around the facilities. Crypto life depends on the internet. Anything that affects network transmission also will affect Cryptos.

ripthesystem

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Globally Crypto will not be affected, and locally its usage will just be shutdown until communications are restored.

Natural disasters don`t influence economy that much, there were no cases of economies ruined by cataclysms.

Baofeng

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Quote from: maculeth on October 04, 2018, 08:46:05 PM

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

Its gonna be a isolated case, earthquakes doesn't affect a big area, just the place where the earthquakes occurs (its epicenter) so the condition of crypto will still be there regardless.

As you can see on the list, of the 12 largest earthquakes ever recorded, just a few and isolated countries or nation will just suffer, and crypto will still thrive on other places.

Mhd-Bobbi

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Quote from: maculeth on October 04, 2018, 08:46:05 PM

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

I think natural disasters do not affect crypto, because natural disasters no one knows will come, but that does not affect crypto prices.

Of course the economy will be destroyed in the event of a disaster in certain countries, because everything is destroyed, of course they will need assistance channels from several countries to meet the needs of the disaster site.

Crypto will continue to run in accordance with the procedures that are running to date.

At least one country that has a lot of crypto income may be able to channel aid to countries that suffer from disasters.

SenseiT

newbie

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If this happen there is big chance that our economy will collapse.It will suffer but in due time will recover.

sunanbonang

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one of the provinces in my country (Indonesia) has just experienced an earthquake, but in my opinion it will not affect crypto. because only a few percent of the crypto community came from that place.

vintages

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I guess you meant 'how is the condition of cryptos that might occur '? I guess a natural disaster in one or two countries won't cause much problem to cryptocurrency especially Bitcoin even if bitcoin is legal in the said countries. Though, there might be a reduction in the price. Even cryptos can be of massive help during this time when fiat currency might have less value.

maemunah

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Quote from: posi on October 05, 2018, 09:28:48 AM

Quote from: maculeth on October 04, 2018, 08:46:05 PM

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

Yes, there possibility of lost internet network and economy break in the country where natural disaster happened but it will only affected the cryptocurrency user in such country and it won't have big effect on crypto state. However, if some of the top cryptocurrency exchange were involve in the disaster, there is chance for the disaster to have big impact on crypto state.

of course with the existence of an earth disaster if we can all crypto users to give assistance even though a little is very good and useful for those who have been hit by disaster

posi

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Quote from: maculeth on October 04, 2018, 08:46:05 PM

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

Yes, there possibility of lost internet network and economy break in the country where natural disaster happened but it will only affected the cryptocurrency user in such country and it won't have big effect on crypto state. However, if some of the top cryptocurrency exchange were involve in the disaster, there is chance for the disaster to have big impact on crypto state.

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