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Topic: What would happen if Bitcoin went offline for good tomorrow? - page 3. (Read 2311 times)

sr. member
Activity: 267
Merit: 250
6th BTC reached. Thank you for your support
15Cb6nyDqRFCcxGiHs5EYfvCvABsiXtQwQ

Sell like crazy

offline = no transaction can be made.
how would you sell them if you can't even send the bitcoins?

I was Referring to the BTC I have on Cryptsy and Coinbase
copper member
Activity: 924
Merit: 1007
hee-ho.
15Cb6nyDqRFCcxGiHs5EYfvCvABsiXtQwQ

Sell like crazy

offline = no transaction can be made.
how would you sell them if you can't even send the bitcoins?
newbie
Activity: 24
Merit: 0
something new would spring up Smiley

1HyogW2xUoohACk5cNvi78XRBb8f3ckBWG
legendary
Activity: 2674
Merit: 3000
Terminated.
I think that there's a issue within the thread title. What do you mean by 'for good'? In what scenario would that be good? Only if Bitcoin was taken over by some government agency (not possible due to the decentralized and trustless nature of the already established protocol), then it might be 'for good'.
someone would launch Bitcoin 0.12.0, with the most recent blockchain available, and keep mining.
I concur. Even if everything went down, I would use a older (tested and working) version of Bitcoin and run it (at least for my own amusement).
legendary
Activity: 1204
Merit: 1000
I will Go to a swimming pool and try to jump as high as i can and screaming "Bitcoin is dead" - 1DnJ4rzDpSG5GJsXNyXE7f17rky8wc1RLT
legendary
Activity: 1470
Merit: 1002
There are many things that are simply worst and we can not get a refund.
Bitcoin doesn't have office, we don't know the owner, we don't know maybe the developers.
We just can't do anything, and a new coin maybe will be released Lite Bitcoin lol

18SvViXzBoKURr9FPecVjYGvFjZZeZiPAg
sr. member
Activity: 267
Merit: 250
6th BTC reached. Thank you for your support
15Cb6nyDqRFCcxGiHs5EYfvCvABsiXtQwQ

Sell like crazy
newbie
Activity: 1
Merit: 0
CON: a lot of people would be angry
PRO:a lot of nerds would leave their houses.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
18dPhZwtAgVfJ9UfCeHjiSH29XUoNHW66P

someone would launch Bitcoin 0.12.0, with the most recent blockchain available, and keep mining.
hero member
Activity: 756
Merit: 503
Crypto.games
hmmm.. if bitcoin went offline for good tomorrow, a lot of dollars will be wasted and
a lot of people will be mad and argue about it. and im thinking about when it will be for good(i hope not),
this will be really sad and disappointing its a large lost in each community especially now when
almost every country now have bitcoins.
 
P.S by the way,, is for instance what will be the cause of it?

1GR2NqWMgFS5iH4wmK3nifS4uhweDk5SYp
full member
Activity: 146
Merit: 100
1GmFifoGvsCervwcGhXbBiAHvthWtwKVpo

A lot of people would lose a lot of money and freak out. Litecoin would go all bully.
copper member
Activity: 924
Merit: 1007
hee-ho.
I don't know.
I'm more interested in how this can happen. as I understand, bitcoin will only go "offline" when everyone turned off or unable to connect their nodes to the network.

19VgtnLJZWMm24hEKBDtL8BjsgoMm2WfPk
hero member
Activity: 854
Merit: 658
rgbkey.github.io/pgp.txt
173AgCwE1isTuUzDTp6qPkEdhwqWP2v1xy

If Bitcoin went offline for good, I'm assuming that means nobody can make an active connection to the p2p network.
The first thing to happen would be anybody that has coins in exchanges would be selling them as fast as they could. Coinbase would probably stop allowing selling, and I would wager that other exchanges would freeze trading also. Other than that, not much would happen because nobody would be able to transfer any more coins. There would be a lot of panic.
hero member
Activity: 551
Merit: 500
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