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Went off for just one day?
Topic: What would happen if Bitcoin went offline for good tomorrow? (Read 2311 times)
Went off for just one day?
September 04, 2015, 05:17:58 AM
People will jump off buildings and most people will panic like crazy people. These people will be the VC investors and the wallet service providers and the Bitcoin exchange owners and some of the Chinese miners.
There are already loads of businesses only centered around Bitcoin, and these owners have a permanent labor force working for them and dependend on a monthly or weekly salary.
The easiest answer could be... People will go "Bat shit crazy".
There are already loads of businesses only centered around Bitcoin, and these owners have a permanent labor force working for them and dependend on a monthly or weekly salary.
The easiest answer could be... People will go "Bat shit crazy".
September 04, 2015, 03:55:45 AM
I am sorry but I don't see any possible way of Bitcoin being offline for good.
Maybe in one area of the world, but not worldwide.
If I was to pretend that, that did happend - a solar storm for example - then IF we were alive, I would say Bitcoin would be useless at that point.
12JRbGAhSpfFHwoCNuz8H8RGg1mpX8WaX9
Maybe in one area of the world, but not worldwide.
If I was to pretend that, that did happend - a solar storm for example - then IF we were alive, I would say Bitcoin would be useless at that point.
12JRbGAhSpfFHwoCNuz8H8RGg1mpX8WaX9
September 04, 2015, 02:28:25 AM
If bitcoin went offline, how could this is happened? That is my first question. If something happened to the bitcoin and made it offline, i would exchange all of my bitcoin to fiat. In my opinion, if bitcoin went offline, altcoin would go offline too
You must understand, Bitcoin is a GIANT EXPERIMENT
Read Satoshi's PDF here: https://bitcoin.org/bitcoin.pdf
September 04, 2015, 02:27:39 AM
1FnhQVrtMowT2frE6W2WEMkUdSFXVdCux9
Restart from zero, and start mining with my laptop again.
Then bitcoin will go to 1000$ in one week or less and I will cash out at the top.
And wait for the cycle to repeat.
Restart from zero, and start mining with my laptop again.
Then bitcoin will go to 1000$ in one week or less and I will cash out at the top.
And wait for the cycle to repeat.
What about the multi-million dollar mining operations in Asia
they would make your CPU obsolete! September 04, 2015, 02:26:44 AM
I'm sure someone keeps an identical log of the blockchain?
Even then replicating the open-source BTC protocol would be difficult ?
Even then replicating the open-source BTC protocol would be difficult ?
September 04, 2015, 12:46:49 AM
i don't really think it would, at least we would be able to avoid blockchain from skyrocketing.
let's make paper wallet to setup physical bitcoin network.
(address soon)
let's make paper wallet to setup physical bitcoin network.
(address soon)
September 04, 2015, 12:43:34 AM
Most of the Bitcoin investors are suicide 
But I hope, it can't happen.
Here is my wallet: 1NebXfAWTxGTGEtyV9PRPs9CkjP5fAKXyr
But I hope, it can't happen.
Here is my wallet: 1NebXfAWTxGTGEtyV9PRPs9CkjP5fAKXyr
September 04, 2015, 12:42:03 AM
1FnhQVrtMowT2frE6W2WEMkUdSFXVdCux9
Restart from zero, and start mining with my laptop again.
Then bitcoin will go to 1000$ in one week or less and I will cash out at the top.
And wait for the cycle to repeat.
Restart from zero, and start mining with my laptop again.
Then bitcoin will go to 1000$ in one week or less and I will cash out at the top.
And wait for the cycle to repeat.
September 04, 2015, 12:36:08 AM
I think many people consider only a scenario when Bitcoin goes off globally. This is not necessary for a total collapse of the Bitcoin price We saw during the Arab Spring riots in 2011, that the government at the time, blocked access to the internet, because people used online services to organize these riots.
If countries want to do this, they only need to block access to inter continental cables and Satellite access. It's not impossible to do, but they could disrupt Bitcoin if they wanted too. If they do this in any country in the world, the ripple affect would be a massive exodus of people from Crypto currencies. < Panic would spread, even if it's unrealistic that it would happen everywhere >
To take down Bitcoin, you have to take down all other internet services. That would create chaos. ^hmm^
If countries want to do this, they only need to block access to inter continental cables and Satellite access. It's not impossible to do, but they could disrupt Bitcoin
To take down Bitcoin, you have to take down all other internet services. That would create chaos. ^hmm^
September 04, 2015, 12:29:13 AM
377JHHNGLysd1D8UFxTawytPUctg4CATQu
Wouldn't, couldn't, but if it did... I would get my life back....
Wouldn't, couldn't, but if it did... I would get my life back....
September 04, 2015, 12:11:18 AM
It isn't going to so don't worry.
September 04, 2015, 12:02:18 AM
if that would happen, definitely there will be an altcoin that will replace it. i don't know what will be it but it's something close to bitcoin
September 03, 2015, 11:37:51 PM
If bitcoin went offline, how could this is happened? That is my first question. If something happened to the bitcoin and made it offline, i would exchange all of my bitcoin to fiat. In my opinion, if bitcoin went offline, altcoin would go offline too
September 03, 2015, 11:31:39 PM
1EUDH23engkaGBd7W5dmm48S6JmK77HVje
There are only around 100k Bitcoiners around the world, so I think outside people would not even notice it. I would sell all my stash for any price and just move along
There are only around 100k Bitcoiners around the world, so I think outside people would not even notice it. I would sell all my stash for any price and just move along
September 03, 2015, 10:44:53 PM
If bitcoin went offline, another platform is going to take his place, maybe Ethereum, or more probably, something mature enough.
Problem is, most of the altcoins aren't up for the challenge. It needs to be something with a strong tech, but that can grow quick.
Since i hold some Eths, i would love to see them triumph, but the platform it's still young.
What it's certain is that a lot of people are going to lose lot's of money.
1QGGA5MZV8QZZ9oCrv9FUT9e72hb3TBNpt
Problem is, most of the altcoins aren't up for the challenge. It needs to be something with a strong tech, but that can grow quick.
Since i hold some Eths, i would love to see them triumph, but the platform it's still young.
What it's certain is that a lot of people are going to lose lot's of money.
1QGGA5MZV8QZZ9oCrv9FUT9e72hb3TBNpt
September 03, 2015, 10:41:23 PM
If bitcoin went offline for good tomorrow, then there is no reason for me to live. Bitcoin is love, bitcoin is life.
September 03, 2015, 09:43:39 PM
The sun will go dark, the moon will no longer shine her light, and the stars will fall from heaven.
1bonesr7ELVnEGa5PBXpkncU2gujZMEkf
1bonesr7ELVnEGa5PBXpkncU2gujZMEkf
September 03, 2015, 04:46:00 PM
It would be a sad day for many of us, but more than that it would be the end of a "common man's" dream of a world where you can direct and control
your finances withouth interacting or relying on third party services.
Tbh, i think there's enough of us who believe in bitcoin, who will not let this ever happen. I don't care if price goes to single figure number, it's just important
for it to remain an option as a medium of transacting value.
15d4885Q9Thw7v9a1qJgSndQNLtyzS5TLo
your finances withouth interacting or relying on third party services.
Tbh, i think there's enough of us who believe in bitcoin, who will not let this ever happen. I don't care if price goes to single figure number, it's just important
for it to remain an option as a medium of transacting value.
15d4885Q9Thw7v9a1qJgSndQNLtyzS5TLo
September 03, 2015, 04:38:24 PM
1DazH8oRvPqc11p5UjGpQ8x9ykMmh5nzau
Pat myself on the back for Cashing out all my BTC and buying Nubits (pegged too US dollar) .
Pat myself on the back for Cashing out all my BTC and buying Nubits (pegged too US dollar) .
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