What will happen to bitcoin on a world war? - page 6.

nasipadang

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Quote from: BlackHatCoiner on September 12, 2020, 08:12:48 AM

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

How can you be sure that the internet is okay during the world war? Many satellites will be assigned for defense and reconnaissance. It would be complicated when using bitcoin or other cryptocurrency for a transaction that is not certain whether we are making transactions to other countries. Bitcoin will only be an asset as a store of money because digital currency is very safe, but it is not used for transactions. I think that world war is an unsafe place for the people of a country, we think more about safety than cryptocurrency.

Sadlife

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Bitcoin source code is safe in the Antarctic project "vault" so we can easily revived it, although i doubt that the core devs would survive WWIII. In fact, i doubt that humanity could survive it, if it where to happen in this era. Because of the advancement of technology creating more deadly weapons of mass destruction.
That would, stop the progress of Bitcoin and Cryptocurrencies for sure, because it will be inaccessible and rendered useless in wars.

philipma1957

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Quote from: BlackHatCoiner on September 12, 2020, 08:12:48 AM

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

A true World War III would mean a huge amount of death and destruction. Far worse then World War II

If 1 or 2 or 3 billion people die and land is laid to waste btc would falter big time.

A lot would depend on how much damage to how many countries.

Ie would a few big ones be able to not be involved in it.

Say all of south America stays out of it. But most of the other countries have serious damage polluted and not able to live in them. I think BTC might survive.

Golftech

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Quote from: Rifmax on September 16, 2020, 07:07:58 PM

Quote from: SoulMortal on September 16, 2020, 10:58:05 AM

There wont be another world war. There will be a war between two or three countries but not world war. At worst if that happens then it will be an end of humans because it will be a nuclear war. If miners stops mining the bitcoin then bitcoin will have no value. I hope WW3 wont happen

Yes, in the event of a global war with the use of weapons of mass destruction, I think it will be the end of the world and not just Bitcoin.

World will never end but other country will,because even how destruction created by each side still there will remain alive in the end so
it is exaggerating to say the end will come.

Quote

A world war cannot be predicted, but there is a possibility that it will happen.

It is not predictable but broadcast,in our time now that the intelligence is available everywhere,surely there will be a leakage in any plans each country has.

Quote

As for the power outages, they can be replaced by alternative energy to continue mining Bitcoin, In the event that armies target places of power generation.

Lol do you think Miners will still mine Bitcoin while they need to save their life and family?
i don't think even you will do such in that time.

Rifmax

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Quote from: SoulMortal on September 16, 2020, 10:58:05 AM

There wont be another world war. There will be a war between two or three countries but not world war. At worst if that happens then it will be an end of humans because it will be a nuclear war. If miners stops mining the bitcoin then bitcoin will have no value. I hope WW3 wont happen

Yes, in the event of a global war with the use of weapons of mass destruction, I think it will be the end of the world and not just Bitcoin.

A world war cannot be predicted, but there is a possibility that it will happen.

As for the power outages, they can be replaced by alternative energy to continue mining Bitcoin, In the event that armies target places of power generation.

SoulMortal

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There wont be another world war. There will be a war between two or three countries but not world war. At worst if that happens then it will be an end of humans because it will be a nuclear war. If miners stops mining the bitcoin then bitcoin will have no value. I hope WW3 wont happen

Emitdama

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Any country that is talking about war at this time must be a very useless country with a dumb government.

We should be more of making peace and cooperating with other countries than talking about war. And by the way, it’s not just debt that causes war like you have said, it can be things like religion or nationalism, and it can also be as a revenge; if one country does something against the other, just like when the US used a drone to kill an Iranian, such things can lead to war if the other country decides to retaliate.

So, many things can lead to war, and it’s very important that we try as much as possible to avoid them.

yhiaali3

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This idea is really interesting, in the event of a third world war, the electricity and internet infrastructure will be destroyed in almost all of the world, and these are the things that Bitcoin needs to survive !!
But I doubt that in the event of a world war that the entire internet and electricity network will be destroyed, it must remain operational, but within narrow and small limits, and there must also be countries that are not affected by the war, so I think that Bitcoin will be greatly damaged, but it will not die permanently and it can withstand until the end of the war and the return Electricity and the Internet.
But in the event of a third nuclear world war, it could lead to the almost complete destruction of the planet, and then no one would be interested in Bitcoin because people are only interested in survival by any means.

Sendoku

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If the internet will still be a thing (which I'm sure it will), BTC can become the most valuable asset. If it gets really dark though, gold might be the new money (or food, in the worst case scenario)

Twentyonepaylots

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Quote from: YOSHIE on September 15, 2020, 11:37:59 AM

Quote from: BlackHatCoiner on September 12, 2020, 08:12:48 AM

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

War if it occurs in all sectors is bad including Bitcoin / crypto etc.

But the opposite may also happen, if there is a war obviously people will be looking for a thing that can retain the value of their money it's either gold or silver, I'm sure real estate assets will just be a dust after a world war so that would be a not so good idea. And here is the bitcoin, I'm not saying that people are going to demand for it but who knows, bitcoin is already recognized as a new asset class.

Quote from: YOSHIE on September 15, 2020, 11:37:59 AM

War is the worst thing experienced by all humans, both civilians and opponents of war, the most severe effect is that destruction occurs everywhere, starting from the internet, electricity, and also food.

I don't think that the world is ready for war, if it happens in like 3 to 5 years, we are all fucked.

Quote from: YOSHIE on September 15, 2020, 11:37:59 AM

So, if the internet is down and the electricity is also down, automatically it cannot be used because the effects of war are certain Bitcoin / crypto cannot be accessed by people and cannot be traded, means: all will be destroyed.

That could be, but the thing is people won't be using bitcoin when they buy something, let's assume there is a war if you are going to store your money elsewhere, where are you going to place it, Banks? Gold? Silver? hmmm bitcoin?

Chrystora123

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I'm sure nothing will happen to Bitcoin (maybe it will only affect the price).. world war is a war involving several countries and it is likely that it will not affect cyberspace. The things that will usually be affected by world wars are currency exchange rates, commodity prices, stock exchanges, and oil prices..

Bitcoinislife09

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Quote from: BlackHatCoiner on September 12, 2020, 08:12:48 AM

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

Having a war is the worst thing that could happen in the world. One thing is for sure if a lot of countries are busy in the war some other unimportant thing is going to be useless at that time. Something like bitcoin would probably be going to be useless. The market value of bitcoin is going to dump in the market with all of the cryptocurrency in the market. In the past months as the war from USA spark, they say that the market price of bitcoin increases because of the war but I don't think that is because of it. In a true world war, I just can't see bitcoin pump its market price at that time.

YOSHIE

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Quote from: BlackHatCoiner on September 12, 2020, 08:12:48 AM

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

War if it occurs in all sectors is bad including Bitcoin / crypto etc.

War is the worst thing experienced by all humans, both civilians and opponents of war, the most severe effect is that destruction occurs everywhere, starting from the internet, electricity, and also food.

So, if the internet is down and the electricity is also down, automatically it cannot be used because the effects of war are certain Bitcoin / crypto cannot be accessed by people and cannot be traded, means: all will be destroyed.

Expecto

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Quote from: BlackHatCoiner on September 12, 2020, 08:12:48 AM

I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

First of all, Bitcoin is not that weak and it is a completely different currency than fiat money. On a world war, fiat money will take the most of the damage. Because in a situation like that, economy of the countries on war will be affected at a high rate. This will redound on fiat money badly.

Assface16678

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In my perspective, I think the use of the bitcoin will become more useful because right now for the expected world war 3 is all about the technology and innovation right now the country is rapidly increasing and the become dominant is all about technology and there is a chance that the one of the most war is all about the Internet for sure we will assume some intruders will conquer the movement website and secured files that must be hidden to the public.

Except for hacking nuclear weapons and autopilot UAV. How does the bitcoin relate to that? As a payment which is one of the most anonymous transaction

Just my thought.

Swordsoffreedom

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Quote from: mardaed on September 15, 2020, 09:06:41 AM

Quote from: jpnl0005 on September 15, 2020, 08:56:23 AM

War is not a nice event to experience but if it does happen i dont think people will be interested to know what is happeniing to bitcoin at that moment surviving will be the main concern of every individual internet connect may or may not be lost,prices will crash, and bitcoin will lose its value

That may just be true. And since Bitcoin and the crypto industry is significantly dependent with technology, unless there is an established technology and electricity which is not assured if there is a world war, then it would probably have lesser essence in the lives of enthusiasts during those times.

Crypto industry is fully dependent on Internet. If you have not a good internet connection, you cannot buy or sell cryptocurrency properly. If there is a third world war, I don't think internet service will be the same as it is now. Even I think we will lose electricity too. Then our only hope will be fiat money. Cryptocurrency will then have no value.

Kong Hey Pakboy

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I believe money is essential in the world war because there will be a shortage of foods and other consumer products. So it might affect bitcoin's price or the crypto market that the price would definitely fall down because people would panic sell to provide their needs. I also think cryptocurrencies or virtual money are useless because technologies and an internet connection cannot be used at that time.

mardaed

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Quote from: jpnl0005 on September 15, 2020, 08:56:23 AM

War is not a nice event to experience but if it does happen i dont think people will be interested to know what is happeniing to bitcoin at that moment surviving will be the main concern of every individual internet connect may or may not be lost,prices will crash, and bitcoin will lose its value

That may just be true. And since Bitcoin and the crypto industry is significantly dependent with technology, unless there is an established technology and electricity which is not assured if there is a world war, then it would probably have lesser essence in the lives of enthusiasts during those times.

jpnl0005

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War is not a nice event to experience but if it does happen i dont think people will be interested to know what is happeniing to bitcoin at that moment surviving will be the main concern of every individual internet connect may or may not be lost,prices will crash, and bitcoin will lose its value

Saisher

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World war will be very mush different from all the war we have known, because nations and countries will use nuclear missiles and everything could be wipe out in an instant, there will be hand to hand combat just like the do in world war 1 and world 2 that the effect will be long term it will take years before a nation can get up when it hit by a nuclear missile, Bitcoin will crash because of this.

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