What if there is a natural disaster, such as an earthquake? - page 12.

hubballi

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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

Crypto is not working on single country, like each country has their own fiat currency but Crypto currency is single to whole world and from anywhere you can access. So if a country has natural disaster, that country's economy will be disturbed and crypto currency will get affected to that particular country. Ya but if that country is mainly operating on crypto currency then their may be some affect to the crypto currency.

Herucooles

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Natural disasters in a country will damage the economy, the government will focus on recovery. Internet shopping center banks will be affected. But for crypto it will be the best investment besides destroying property

Wittycoin

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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 believe this is not a big problem at all since other country also give donations and it is very big as like that. The damages can be fix and no economy down id all the Leaders of that Country will never corrupt anything from donations and just spend all of the money for the country. Period. In crypto world thats not issue.

0t3p0t

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Peace be with you!

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

Not only earthquakes may occur in a specific country when it comes to a natural disaster, there are hurricanes, typhoon and tsunami that recently hit Indonesia wherein all of them may cause from slight to a paralytic effect in an economy. Most of the time if I have to picture out here in my country, power outage and signals are affected and I think trading of cryptocurrency during that time could be that hard most especially if the government has to issue a state of calamity in some affected areas. The only advantages of having cryptocurrency funds is that as long as we have the private keys all of it are safe even if phones and computers are broken due to the disaster unlike possesion of fiat and precious metals that we cannot guarantee it's safety during that time.

33bitcoin

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An earthquake will only affect a small part of the world. The bigger concern is an asteroid hitting the earth. Then there will be no economy because we will all be dead. Undecided

Hopefully with future technology we will be able to negate the trajectory of incoming space objects.

adamlillian

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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 am sure it will affect but not affect too much. Because assets like land and houses and other items will be lost, the economy of a country will collapse. That would also make Crypto's price suffer but it is a good influence. After a disaster, they knew something very useful to hold.

CryptoAssasin

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MenaPay - Crypto made easier than cash

If the will be a natural disaster, this will not create a big impact to cryptocurrency. Usually, earthquakes only occurs on a certain area and not to the whole country. There are immediate response or help from the government and communication signals are the most priority. With that said, I might say that national disasters only brings an impact to cryptocurrency for less than 1%.

zhanyiguai261315

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In the event of a large-scale disaster, the mobile network is in a phase of collapse!
Only water, food, and medicine have substantial meaning!
The cryptocurrency does not have any practical application in the event of a large-scale disaster!

Dimon8

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The effects of a disaster may vary. It all depends on how much the country in which the cataclysm took place is developed industrially, technologically sically and financially. For example, Japan regularly suffers from tsunamis and other similar phenomena, and the country's economy remains at the same high level. And if the cataclysm occurs in any country of the “third world”, where corruption is above all other indicators, the consequences for the economy of this country will be the worst.

cryptocrusher

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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

Most natural disasters are isolated so it'll struggle to have much influence on a global scale but if there were some global disaster you'd think that the price would fall greatly. After a disaster material goods and currency become relatively worthless and essentials such as food and water are what are most sought after. People would have to trade a lot more bitcoin/crypto than previously for some of these goods.

Bagaji

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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?

I will be very happy with your opinion

As you rightly said in your submission above disaster on a country always affect the economic activities of of the country no doubt, and that will equally affect Bitcoin and crypto currency in general but not too big as you expect except if the country in question has dominance in Bitcoin and crypto currency in general only then, the effect will be much on the crypto currency market.

Jateng

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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

We really cannot control or stop this kind of thng because this is the nature. But we can do some ways to eliminate the bad effects. Let us just prepare and besides it will only hit a part of this country and not all over the country. Maybe you will be affected in crypto but there are so many other people out there who are also involved in crypto. Meaning we are not really a loss to it.

bering

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Leading Crypto Sports Betting & Casino Platform

Earthquake can makes internet connection paralyse because all of facilities will destroy but if your questions for crypto market i think it will have not an effect but indeed for those who have bitcoin in the middle of disaster will not able to access their online wallet because the cause i was mentioned above

Robbio

newbie

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The impact of natural disasters on cryptocurrencies is very small. You don't have to worry about this at all. But unless it is an asteroid that collides with the Earth... this will definitely affect the world...

Green_Bulb

jr. member

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Due to the damage done to communications in earthquake affected region, not only Crypto will be unusable, but also credit cards as well. Although this situation is temporary and all infrastructure will be restored sooner or later, people will have to resort to cash for time being. Thus it seems that the most efficient way to manage your funds in the modern world, especially in regions prone to natural disasters, is to divide funds between these pools: cash in case of emergency, Crypto and/or credit card depending on personal preference and Crypto adoption rate in the country.

gantez

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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.

taiwww

sr. member

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Quote

how is the condition of ~~Kripro~~ crypto that might occur?

Do you mean crypto ?

I am sure this will affect the crypto but only for troubled area and not the whole world. The earthquake disaster is always there but its not gonna happen all over the globe at the same time. Well we will loose control over the crypto currency for that specific period for sure. Because in that particular region the electricity will be shunt and thus there wont be any access to digital world. These people wont be able to withdraw any currencies and either they will be able to trade it due irregular working of lets say banking system.

If you talking about the global earthquake disaster (which sounds global extinction) lolz, then surely there wont be any value for crypto world, because then living will be the primary focus.

Lotus

jr. member

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It will be the same as credit cards, unusable for a while.
However, assuming the infrastructure is damaged severely beyond repair, we can still have a blockchain approach based on mesh networks that's more segmented. The same idea for LN can be used to enable local use if the population decided to still value it and we had someway to keep our devices powered.

gambitcoin53

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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

disasters and natural calamitirs occur unexpectedly, during this time, everything is in ruin, including internet connection, there is no way we can do something about it, unless you go mobile data, im sure that there are service provider that us not affected by a disaster, being digital has its pros and cons, but that is good about being an internet-based platforms, if banks fails, we can still go mobile data, and transact internationally, but in terms of purchasing from physical stores, that is gonna be a problem, maybe that is why bitcoin cannot deeply penetrate the mainstream mode of payment. that is why fiat is still needed alongside cryptos.

adpinbr

sr. member

Activity: 1078

Merit: 254

Signals may be loss but Earthquakes usually occurs in a specific area with different intensity at some point depending if you're near a fault line or the focus of the earthquake but as long as you're far away from it then you're fine and I think that it won't affect the crypto value but deflation may occur and it will also affect the economic growth of the country.

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