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Topic: Would Bitcoin survive the apocalyse? (Read 527 times)

legendary
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November 29, 2022, 09:00:21 AM
#59
Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.
Apocalypse is cataclysmic. If we do ever get to that point, nobody will be in the right frame of mind to think what happens to the next person or their investments. It's going to be chaotic. Bitcoin or whatever won't even matter then because all man will think of will be strictly survival. It's like the end of the world. Let's just enjoy the Bitcoin moment now and forget about how it's going to be like in man's troubled times.
hero member
Activity: 2562
Merit: 586
November 28, 2022, 12:15:11 PM
#58
in an era like this one has to filter a lot of things, especially about slanted news in the media.
the news in the media likes to be exaggerated, bitcoin will collapse, bitcoin is on the verge of collapse.
Don't believe things like that too quickly, because many people want to get rid of bitcoin/crypto, so we have to be able to better filter the news that is spread in the media.
Filtering things is a must because not all things are good enough and there are no benefits of having them. When it comes to news, it is normal that there will be negative news other than the positive news and there is no way to avoid them but as long as you know btc and the truth behind it then there is no need for you to worry or feel bad about those negative news. Just ignore those.

You know some of them only do that because they are also interested on acquiring btc at a cheaper price so they are spreading a fud for the weak hands to panic and sell but isn't it great for us when it happens? Because we can also stack more btc in our bags.
sr. member
Activity: 1610
Merit: 294
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November 28, 2022, 12:32:21 AM
#57
I do not think so. BTC will be fine even though market conditions are still being corrected. Some people think of Bitcoin as money or digital currency. For me, it's been a store of value and a conduit for paying online or offline. We are all here eager to see the future of Bitcoin and I believe Bitcoin will continue to fly high, like a bird.
hero member
Activity: 910
Merit: 507
November 28, 2022, 12:10:42 AM
#56
When things get to that level, a lot of previous and exchange values will reduce to nothing even the currency, gold and other exchange materials of high value will all disappear without any value.

So not only Bitcoin will be affected, but let's say only global government regulation can force such to happen.
legendary
Activity: 1064
Merit: 1228
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November 27, 2022, 10:34:22 PM
#55
All the chaos that has plagued the economy so far should have never destroyed bitcoin. Bitcoin is still the best, most desirable crypto asset and store of value for some. A global economic collapse will inevitably impact prices as most people with low levels of finances will be more concerned with survival than investing.

Inflation, recession and the big cases that hit crypto right now have only had an impact on the price of bitcoin. It's not the end of the world to me, but things like this are just normal dynamics for bitcoin.
sr. member
Activity: 826
Merit: 370
November 27, 2022, 10:17:29 PM
#54
The world is only getting crazier.

Hyperinflation, wars, supply chain issues, shortages

I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.

I often speculate. I not a gloom & doomer - just a realist.

Interest to hear thoughts.
in an era like this one has to filter a lot of things, especially about slanted news in the media.
the news in the media likes to be exaggerated, bitcoin will collapse, bitcoin is on the verge of collapse.
Don't believe things like that too quickly, because many people want to get rid of bitcoin/crypto, so we have to be able to better filter the news that is spread in the media.
member
Activity: 476
Merit: 60
November 27, 2022, 10:08:37 PM
#53
The word apocalypse implies the end of all life. Why does the OP care about this question? Your own life will be your problem, I'm sure you won't have time to think about what's going on with bitcoin.

I think so too. because if the apocalypse of course people will not care about gold, money, including bitcoin. because of course people will panic, they will definitely forget about bitcoin, so you can say that bitcoin will be destroyed if the apocalypse occurs because. humans and this world will also certainly be destroyed. but we should just think about the current time that is being lived and develop a strategy for the future so that we are even more advanced in terms of the economy, especially in the field of crypto and bitcoin.
hero member
Activity: 1498
Merit: 711
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November 27, 2022, 06:10:52 PM
#52
How bad would it have to get to stop the chain & would that kill Bitcoin?
A thing of such kind can't eliminate the existence of bitcoin, assuming Bitcoin should be eliminated it's things that have no value that will make Bitcoin to act of such nature, because i believe that Bitcoin have its technology and the technology of Bitcoin is very strong which i believe that the elimination of Bitcoin will not as easy as we think.
sr. member
Activity: 1372
Merit: 348
November 27, 2022, 05:52:13 PM
#51
Yes, Bitcoin can survive an apocalypse. Because bitcoin is actually the most robust network on the planet, as well as the most likely to stay alive in some sort of apocalyptic situation.

That is actually quite true. The reason for the robustness is the decentralization and internationality that we can not see with other networks ecxept for the internet. IF there is a large war or nature catastrophe in one part of the world then there will still be miners and nodes somewhere else. This is different for centralized payment systems like Master Cards, that will for sure be taken out if the American continent will be of the grid for some time.

If the internet is cut off, miners are no longer around to set up mining rigs, no electricity and the population is reduced to zero.  Do you think Bitcoin will survive?  Or let us change the question, Do you think Bitcoin will continue to operate?  Obviously it will not because there are no more living that will maintain the network let alone the internet.
hero member
Activity: 2548
Merit: 607
November 27, 2022, 03:53:16 PM
#50
This is a very good question but if people didn't not survive the apocalypse, would it even matter if Bitcoin did?  I guess some other extra terrestrial life form could discover this in the ruins.
hero member
Activity: 1022
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Magic
November 27, 2022, 02:32:28 PM
#49
Yes, Bitcoin can survive an apocalypse. Because bitcoin is actually the most robust network on the planet, as well as the most likely to stay alive in some sort of apocalyptic situation.

That is actually quite true. The reason for the robustness is the decentralization and internationality that we can not see with other networks ecxept for the internet. IF there is a large war or nature catastrophe in one part of the world then there will still be miners and nodes somewhere else. This is different for centralized payment systems like Master Cards, that will for sure be taken out if the American continent will be of the grid for some time.
newbie
Activity: 27
Merit: 0
November 27, 2022, 02:27:15 PM
#48
Yes, Bitcoin can survive an apocalypse. Because bitcoin is actually the most robust network on the planet, as well as the most likely to stay alive in some sort of apocalyptic situation.
sr. member
Activity: 1092
Merit: 342
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November 25, 2022, 06:43:18 PM
#47
When talking about the apocalypse I do not avoid being afraid, because I have read the bible and I know that there are many things that are happening that are apocalyptic, if we have bitcoin it would be to be able to buy food, water and what is necessary to stay alive.

This is a subject that can generate a lot of sensitivity, and some people are quite manipulative with it, and according to what I have read in my religion is that money will not do any good, because there will be bags of money lying around and people will not care, what essential in an apocalypse is that there is drinking water, because it is the basis of life, and the people who have water in their homes as springs are the ones who have suffered many landslides and landslides, that means that there is nothing safe, and bitcoin ? Well, as long as the apocalypse does not come, it is better to enjoy its benefits.
sr. member
Activity: 1372
Merit: 348
November 25, 2022, 04:24:56 PM
#46
Apocalypse, meaning no survivors.
The Luna disaster, FTX, the russian war, other economic disasters are not the apocalypse for bitcoin. This will never render bitcoins worthless, but the current impact you should take for granted. I may not fully understand what you mean, but my guess is it seems to have something to do with the recent disaster.

True apocalypse means no survivors so the question is already answered by the question itself. 

With regard to Luna, FTX collapse,  Bitcoin had experience way more than these and yet it survives and even recovers and break its onw ATH. We just need to be patience and watch how the Bitcoin market recovers and turns the red market in a greenish Pasteur.
legendary
Activity: 2660
Merit: 1141
November 25, 2022, 04:17:12 PM
#45
Apocalypse, meaning no survivors.
The Luna disaster, FTX, the russian war, other economic disasters are not the apocalypse for bitcoin. This will never render bitcoins worthless, but the current impact you should take for granted. I may not fully understand what you mean, but my guess is it seems to have something to do with the recent disaster.
legendary
Activity: 3010
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November 25, 2022, 03:54:42 PM
#44
Well one thing is for sure, technology is growing ever so infinitely, which means that maybe one day someone will try to come up with a way to destroy all electricity in the world. Do not imagine like some wacky scientist guy doing it, just realize the fact that we already have the means to end human life right now in the world.

If we take apocalypse as the end of the world and not used a representation of chaos or doom, then it is obvious since it is the end of the world then Bitcoin and everything will cease to exist.  Bitcoin doesn't operate alone without POW,  and POW is produced by machines set up by people that need electricity to work and the internet to serve as a network of communication to process the Bitcoin network.  So basically the answer is simple, it will not

Well simple, we have over a dozen nuclear weapons together, probably over a dozen just in USA if I remember correctly, if we blow all of them up, ALL nuclear weapons in a single day, that would cause the human life to end. If that’s so possible right now already, then I do not see how destroying electricity would be any harder.

Aside from nuclear weapons, the natural occurrences can destroy the earth.  If the sun becomes a supernova, automatically earth together with the other planets will be destroyed.

We know this. Money becomes absolutely useless, and we don't need an apocalypse to see this, you can compare it to war. During wars, for many of the people experiencing the war, money doesn't matter, and has been burned to keep warm to stay alive, and has been tossed to save weight for more important things. The only difference with wars is there's life after them, when there's no life after them no one is going to care. Oxygen, water, food, warmth, and shelter is the only thing that would matter. Obviously, those closest to you too, but money would be a thing of the past.

I highly agree, money is worthless when the world is in chaos, it is the basic needs that is most precious at this time because of the shortages of food resources and people's needs to survice.   People might probably witness cannibalism when the time comes that even food is too scarce that people are forced to eat one another.

sr. member
Activity: 2296
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November 25, 2022, 03:26:23 PM
#43
Well one thing is for sure, technology is growing ever so infinitely, which means that maybe one day someone will try to come up with a way to destroy all electricity in the world. Do not imagine like some wacky scientist guy doing it, just realize the fact that we already have the means to end human life right now in the world.

Well simple, we have over a dozen nuclear weapons together, probably over a dozen just in USA if I remember correctly, if we blow all of them up, ALL nuclear weapons in a single day, that would cause the human life to end. If that’s so possible right now already, then I do not see how destroying electricity would be any harder.
staff
Activity: 3304
Merit: 4115
November 25, 2022, 02:56:09 PM
#42
The word apocalypse implies the end of all life. Why does the OP care about this question? Your own life will be your problem, I'm sure you won't have time to think about what's going on with bitcoin.
People generally like to fantasise, and how a new world could be born, and they generally like to think that the things that they enjoy or love will be a part of that new world. It's nothing more than that. It's harmless, but ultimately Bitcoin probably wouldn't survive. At least, not until the state of the world started returning back to normal, that's if it ever did.

We know this. Money becomes absolutely useless, and we don't need an apocalypse to see this, you can compare it to war. During wars, for many of the people experiencing the war, money doesn't matter, and has been burned to keep warm to stay alive, and has been tossed to save weight for more important things. The only difference with wars is there's life after them, when there's no life after them no one is going to care.

Oxygen, water, food, warmth, and shelter is the only thing that would matter. Obviously, those closest to you too, but money would be a thing of the past.
legendary
Activity: 2310
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November 25, 2022, 02:51:48 PM
#41
The world is only getting crazier.
Hyperinflation, wars, supply chain issues, shortages
….
One has happened, the other maybe will again happen or someone else can happen and Bitcoin is still here. That is because of the people and their belief that Bitcoin is stronger than many other things. If people don't want Bitcoin anymore, then it doesn't matter if there is an apocalyse. The important thing is all of us here and i hope in the future much more.
hero member
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November 25, 2022, 11:02:20 AM
#40
Bitcoin will survive this time, but I wonder if bitcoin will survive the apocalypse because as far as I know, not a single human will survive when the apocalypse occurs. And if no humans survive, bitcoin certainly won't survive because no one is using it. It's better not to imagine too far because it's beyond our reason. But we're probably going to have hyperinflation, war, supply chain problems, and shortages that will get us in trouble. If we can prepare ourselves well, surely we will not get into trouble when defending. And if there are still people who will use bitcoin, it will surely survive too.
legendary
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November 25, 2022, 07:40:04 AM
#39
The word apocalypse implies the end of all life. Why does the OP care about this question? Your own life will be your problem, I'm sure you won't have time to think about what's going on with bitcoin.
full member
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November 25, 2022, 06:27:01 AM
#38
What you're describing is the result of the fiat role, which seeks to centralize economies around the world so that governments can exert greater control over them.
In contrast, Bitcoin is decentralized and acts as a counter to the inflation and other economic backward policies that got us all into this mess in the first place.
hero member
Activity: 2716
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November 25, 2022, 04:27:05 AM
#37
Would Bitcoin survive the apocalyse?

Any form of money will become worthless after the apocalyse. So, obviously the answer to that question is simply NO.
It's gonna be water and food and shelter is gonna be the main priority for everyone in a post apocalyptic scene.
But if you mean that, will Bitcoin survive the current global crisis? The answer should be a big yes.
Because Bitcoin will be one of the main options to save your money from hyperinflation.
legendary
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November 25, 2022, 03:44:57 AM
#36


During Hyper inflation electricity will become unaffordable, so people won't have access to energy,
even if the miners could survive which they won't, no one will have enough energy to make transactions.
Barter becomes the survival currency, for essentials like  Food, Medicine, Shelter, Clean Water, Clothes, Silver, & Gold.
If the neighboring country currency is unaffected, then people use the foreign currency instead of their own hyper inflated currency.



Thus, in the world economic history, only these 3 countries have hyperinflation and as far as I know, Turkey and Argentina are also 2 countries with hyperinflation. In the world, we have all 205 countries in the world, which means this number is too small to affect the power of the whole world. Therefore, the case of all countries going into hyperinflation will never happen, so the idea that bitcoin will be destroyed by inflation is simply a matter of your imagination.
member
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November 25, 2022, 01:41:12 AM
#35
what kind of apocalypse do you mean, bitcoin is the head of all cryptocurrency coins and has gone through several periods where the market went through a full bum phase but managed to pick itself up and insist on raising the price.
bitcoin is classified as the cryto which has the most enthusiasts and holds it, even though the total supply is very limited and almost finished.
I myself really believe that bitcoin is able to go through all the storms on the cryto market and one day will have a new ATH
sr. member
Activity: 2828
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November 25, 2022, 12:50:41 AM
#34
Apocalypse is the worse thing happen to us, not a simple thing that we can think Bitcoin will still survive.
So, if that will happen, I don't care about Bitcoin but rather to keep myself and my family alive which is more important than any valuable asset. But if we just talk about inflations, wars, and economic crises - of course, Bitcoin will survive. Like we have today, we could still think that Bitcoin will recover from the dip.
hero member
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November 24, 2022, 11:54:21 PM
#33
If we are talking about doom type of apocalypse then Bitcoin would not survive because no one would maintain the Bitcoin ecosystem anymore at that time. We will be back into using gold and dirham. No internet access and people would just immediately thinking how to survive and it will be the end of Bitcoin.

just now the price of bitcoin can go down because many people are panic selling, and also because the economy is getting more and more difficult. of course bitcoin will also be destroyed if human civilization is destroyed.
I even doubt they have a chance to sell their Bitcoin because of the panic given by apocalypse, yet you would get the working exchange on that day. Everything will go down at that day.
hero member
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November 24, 2022, 11:37:48 PM
#32
I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Just remove the internet and the Bitcoin system will be halted.  As long as the internet is around, the Bitcoin system will continue to function even with just 1 miner.
Exactly, this is also what I am thinking. But for me, it seems to be impossible now that the internet will be removed totally from the world. Internet is becoming a basic need in our day-to-day lives. As the internet becomes popular all over the world, slowly by slowly, even where are you from and how far you far from the city, the internet becomes available.
For me, if you are really believing on the internet, believe also with Bitcoin.

Well, not everyone who has access to the internet believes in bitcoin; others have no idea what it is; and still others are skeptics. The internet could be down only if there is a war, such as a nuclear war, because all of the telco towers would be down, but this is unlikely because there are already starlinks that can provide internet from outerspace. If all of us have no internet, then no one can trade or mine bitcoin at that time, so the price would halt until there is one person to move the market again.
legendary
Activity: 2506
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November 24, 2022, 10:44:11 PM
#31
I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Just remove the internet and the Bitcoin system will be halted.  As long as the internet is around, the Bitcoin system will continue to function even with just 1 miner.
Exactly, this is also what I am thinking. But for me, it seems to be impossible now that the internet will be removed totally from the world. Internet is becoming a basic need in our day-to-day lives. As the internet becomes popular all over the world, slowly by slowly, even where are you from and how far you far from the city, the internet becomes available.
For me, if you are really believing on the internet, believe also with Bitcoin.
member
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November 24, 2022, 09:47:53 PM
#30
I think bitcoin will definitely not survive the apocalypse. because if humans are destroyed, surely no one will survive. because like this? if humans are destroyed, let alone bitcoin.
just now the price of bitcoin can go down because many people are panic selling, and also because the economy is getting more and more difficult. of course bitcoin will also be destroyed if human civilization is destroyed.
legendary
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November 24, 2022, 05:57:16 PM
#29
The world is only getting crazier.

Hyperinflation, wars, supply chain issues, shortages

I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.

I often speculate. I not a gloom & doomer - just a realist.

Interest to hear thoughts.
It seems you have already answered your own question. If an apocalypse happens, then all forms of money, whether traditional or crypto currencies, will be of no use to anyone, not to mention the support of the bitcoin network.

There is still use for money but the price of commodities is too high which makes money less effective.

First of all, water, food, medicines and basic necessities will gain maximum value. Most likely, in those conditions, ordinary barter will be common.

True apocalypse somehow is like a reset button where everything goes back to the time when money is ineffective and whatever good we have as long as it has huge demand would be precious.  I believe during this time, there will be rampant raiding and robbery since authorities have lesser power. 

So, it seems to me that bitcoin will not be able to survive the apocalypse, because it was created to function in completely different conditions.

Bitcoin will come to halt if electricity isn't available because there is no miner to push the transaction.  Bitcoin will become idle but not totally destroyed.  Being Idle doesn't mean dead so I think Bitcoin will survive because it will be back online once the economy started to recover and power, internet is starting to be available.
member
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November 24, 2022, 03:15:22 PM
#28
The world is only getting crazier.

Hyperinflation, wars, supply chain issues, shortages

I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.

I often speculate. I not a gloom & doomer - just a realist.

Interest to hear thoughts.

Hyperinflation will kill bitcoin, because the energy costs of the PoW miners would grow faster than the price of bitcoin causing all the miners to shut down.
Not to mention the interest of the loans to buy the asics would crush them.

In your opinion, what is hyperinflation? inflation hits 10% or 15%. Like the inflation we are experiencing is also said to be the worst in 40 years. But I see everything is going normally, bitcoin price is stable, just looking at the hashrate it is at a record high shows that the miners are still doing well. Hyperinflation or crisis, recession does not mean that everyone will have difficulties, there will still be people getting rich from inflation. Like we are in a bear market, some people lose and sell in panic but others think this is an opportunity and I am also the one who has been waiting for this for a long time.


Hyper inflation is defined as 50% or higher every month, say a gallon of gas cost $10
That gallon of gas cost
1st month $15               * Cost to fill up a 14 gallon gas tank: $210 *
2nd month $22.50
3rd month  $33.75
4th month  $50.63
5th month  $75.94
6th month  $113.91
7th month  $170.87
8th month  $256.31
9th month  $384.47
10th month $576.71
11th month $865.07
12th month $1297.61   * Cost to fill up a 14 gallon gas tank: $18166.54*

https://www.investopedia.com/articles/personal-finance/122915/worst-hyperinflations-history.asp
Quote
Zimbabwe: March 2007 to Mid-November 2008
    Highest monthly inflation rate: 7.96 x 1010%
    Equivalent daily inflation rate: 98%
    Time required for prices to double: 24.7 hours
    Currency: Zimbabwean Dollar

Quote
Hungary: August 1945 to July 1946
    Highest monthly inflation rate: 4.19 x 1016%
    Equivalent daily inflation rate: 207%
    Time required for prices to double: 15 hours
    Currency: Pengő

Quote
Yugoslavia: April 1992 to January 1994
    Highest monthly inflation rate: 313,000,000%
    Equivalent daily inflation rate: 64.6%
    Time required for prices to double: 1.41 days
    Currency: Dinar

During Hyper inflation electricity will become unaffordable, so people won't have access to energy,
even if the miners could survive which they won't, no one will have enough energy to make transactions.
Barter becomes the survival currency, for essentials like  Food, Medicine, Shelter, Clean Water, Clothes, Silver, & Gold.
If the neighboring country currency is unaffected, then people use the foreign currency instead of their own hyper inflated currency.

legendary
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November 24, 2022, 01:35:43 PM
#27
I'm Ukrainian, and to me the world does seem to have hit a rough patch over the next few years. I've been watching the Peripheral lately, and there's a concept of Jackpot there as a series of very bad events that just hit Earth in 21st century (mainly man-made or heavily affected by human behaviour), causing a huge change in human civilization, and it feels like we might be experiencing the start of Jackpot from the beginning of 2020 as well. I hope that's not the case, and that this period will be over in a few years, after which we'll have decades of relative stability, so I don't think we should be concerned with the apocalypse. I also agree with the op that in case it does happen, money won't matter (including Bitcoin).
The problem of answering the question is mainly because 'apocalypse' is a vague term and people have attribute different meaning to it. Is a third of the world population dying an apocalypse? Is relative peace and continued global cooperation of a half of current population an apocalypse?
If we're thinking in the line of collapse of the Internet and globalization, then I think Bitcoin won't survive that. But if that doesn't happen, it can continue to exist and perhaps even be in demand in a world after a major catastrophe (or a set of those).
legendary
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November 24, 2022, 11:59:44 AM
#26
The world is only getting crazier.
Hyperinflation, wars, supply chain issues, shortages

Not only crazier but it is harder to survive.  With the agricultural area getting converted into housing and industrial company, and commercial areas, the shortage of food is imminent.  We already feel it right after the pandemic with the price of commodities soaring.  The used-to-be needed fund to sustain our daily needs now doubles to triples without any increase to an employees wages.


I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Just remove the internet and the Bitcoin system will be halted.  As long as the internet is around, the Bitcoin system will continue to function even with just 1 miner.

Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.

I often speculate. I not a gloom & doomer - just a realist.

Interest to hear thoughts.

Money still matters.  What will you use to buy your daily commodities if you don't have money?  Unless you have planted hectares of vegetables that you can exchange for other goods.
legendary
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November 24, 2022, 10:27:38 AM
#25
How bad would it have to get to stop the chain & would that kill Bitcoin?

Nothing can stop, hinder or kill bitcoin now or in the future to come as long as bitcoin does not kill itself, this economic cramps you're talking about are what the fiat role has placed to the world to inflict centralization such that every system will be under a single control of the economy by government and their policies, bitcoin is entirely different here, it plays a decentralized role and stand against inflation and other economic setback policies that got us all into slavery over years without having financial freedom, the solution that lies is with bitcoin and it's never too late to begin and have a new start, bitcoin isn't dying but rather resurrecting every other dead situations associated with the world economy development.
Nothing can stop? that's bold.
Can you see how its market value is struggling at this moment? Indeed it is part of its volatility but with that being said, it is still prone for downfalls. Meaning, factors could affect this technology in general not only Bitcoin. Stand against economic problems? See for yourself at this moment. The demand is low for a reason, which is why its market value keeps on falling from time to time. Keep in mind that Bitcoin is determined by demand. Without huge or high demand, don't expect its market value to be continuously increasing.

It is indeed a timely asset but knowing how high is the risk oresent from investing to cryptos, it is somehow understandable seing people worry whether not to or to invest at this price point.
legendary
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November 24, 2022, 10:09:34 AM
#24
The world is only getting crazier.

Hyperinflation, wars, supply chain issues, shortages

I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.

I often speculate. I not a gloom & doomer - just a realist.

Interest to hear thoughts.
It seems you have already answered your own question. If an apocalypse happens, then all forms of money, whether traditional or crypto currencies, will be of no use to anyone, not to mention the support of the bitcoin network. First of all, water, food, medicines and basic necessities will gain maximum value. Most likely, in those conditions, ordinary barter will be common. Over time, if the society of people will be restored and expanded, then money will be used. I can’t say in what form, circles of metal or paper, but it is unlikely that it will be BTC (which will require electric energy, which is difficult to obtain in those conditions, to work). So, it seems to me that bitcoin will not be able to survive the apocalypse, because it was created to function in completely different conditions.
hero member
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Leading Crypto Sports Betting & Casino Platform
November 24, 2022, 10:04:09 AM
#23
Bitcoin will die if there are no miners anymore and nobody uses the chain,as long as human exist,bitcoin will also exist. The challenges bitcoin is facing now is due to the ongoing war. This war has not only affected bitcoin but it has also caused inflation all over the world.

The war can not last forever as nothing last forever, we are to adjust our way of living in other to adapt with the economy system. Similarly, bitcoin will also adapting to whatever happens. It is only if due to some reasons people chose to abandon Bitcoin that is the only way bitcoin will die.
After the war things will be reformed likewise our economy. Bitcoin has survived for 13yrs and will still survive for longer years because of the financial freedom it has.

hero member
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November 24, 2022, 10:03:48 AM
#22
Wars and other problems are not sufficient reasons to deal the death blow to Bitcoin, but uniform regulatory legislation around the world will be sufficient.
Uniform regulation will probably affect bitcoin users, but I'm sure it won't affect bitcoin itself. In fact I could say that the current government regulation on KYC have an impact on bitcoin users who inherently dislike centralized services. I believe these regulations cannot affect the bitcoin network in general, because basically the government cannot regulate the network but can only regulate its users.

I firmly believe bitcoin will be more accepted among the public in the future instead of thinking bitcoin will die at a crossroads. The government knows that bitcoin can do good financially through its tax regime, so they probably won't do much for bitcoin other than just regulate it more tightly.
hero member
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Vave.com - Crypto Casino
November 24, 2022, 09:57:09 AM
#21
When people are not interested in using bitcoins, that's when bitcoins will be worthless at.
And that could cause the price to lose its power to hold on to the current levels and only fall deeper.
We will not be able to avoid the chaos that will occur in the world later but if we can still use bitcoin as it is today, bitcoin can survive.
Bitcoin will depend on the people who will still use it if you and all of us can still believe in it and still use it. Bitcoin will still be with us.
legendary
Activity: 2898
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So anyway, I applied as a merit source :)
November 24, 2022, 09:33:49 AM
#20
It's like operations will be stopped if no miners left anymore, the network will be there but if there will be no one validating and confirming transactions then that doesn't make sense anymore.

The network might be stopped at that time and when someone does to reactivate it then that's it.

It could be stopped temporarily but then likely will go back when there are people that will continue to mine.
As soon as some miners stop mining, the difficulty will fall and the existing miners will start getting a bigger proportion of the block subsidy as rewards. This will incentivize the existing miners to stay put or encourage new miners to join in the network. Therefore this will not be a problem at all.

What becomes a problem is that when bitcoin prices fall some weak hands start to lose their interest in bitcoin and panic sell. They make the market price drop even more. There is no such thing as apocalypse happening. Bad times and bad economies happen every few months but price has been stable at the 16k USD level for about a week now. I think we might see upward movements by December, once the FTX news gets saturated and people start buying again.
hero member
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SecureShift.io | Crypto-Exchange
November 24, 2022, 08:48:29 AM
#19
How bad would it have to get to stop the chain & would that kill Bitcoin?
It would be much worse than you think, so just sell all your BTC now! Haha!

Why do people always ask similar questions like this? You can see there are lots of questions like BTC vs nuclear, BTC vs inflation, BTC vs world war 3, BTC versus disasters, etc.
Don't think too much, just enjoy the moment now. Gather all your profits to preparing when the worst happens.
Because if the worst thing happens you won't think whether bitcoin will survive, but you will be busy looking for ways to survive.

Very true, too many questions relating to this topic show how little the OP's know about btc or how pessimistic they are regarding btc in general.
The war is still ongoing, inflation is still high, natural disasters will not stop happening and btc keeps surviving in the midst of it all. About time people understood that btc is part of us now, this tech is not going anywhere, and people should stop thinking about the worst that could happen.
hero member
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November 24, 2022, 08:45:50 AM
#18
The converse question is are we going to take care of money in the end? going to deal with non-lifesaving things?

I was wondering why this ridiculous question had to be asked. Because if you're a rationalist or a realistic then that question definitely doesn't fall into any category. Comparing sentences of events that happened to all humans with one small part of the particle. The answer is of course not!
Very true, as you said, we think too much about questions that are not too important, because the apocalypse is not our business, maybe bitcoin will survive when the world economy is collapsing, bitcoin can also survive when the government prohibits mining, but if the apocalypse occurs, it is certain that bitcoin will not survive, because the person holding the bitcoin is dead, it is certain that the bitcoin will also be buried along with the person holding the bitcoin.
hero member
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November 24, 2022, 08:38:09 AM
#17
Let's take a look, I don't know what's going on. But if I imagine all of your stories happening maybe people would prefer basic necessities. They will try to sell their assets to make ends meet. For several periods of reaching ATH Bitcoin does not seem to have been at the level of a severe economic crisis. The hope is that this problem does not happen, because major countries have tried to prevent it from happening through raising bank interest rates. Although it also has an effect for investors investing in crypto. Most importantly if all still believe in crypto, then he will continue to maintain his value.
mk4
legendary
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Paldo.io 🤖
November 24, 2022, 08:00:46 AM
#16
If I were to guess — it's a safe assumption that by such an event, all money, precious metals, and all cryptocurrencies including bitcoin would likely be worth next to nothing. As for if Bitcoin would survive or not — it would totally depend on how bad the "apocalypse" is.
legendary
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Vave.com - Crypto Casino
November 24, 2022, 07:55:44 AM
#15
The world is only getting crazier.

Hyperinflation, wars, supply chain issues, shortages

I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.

I often speculate. I not a gloom & doomer - just a realist.

Interest to hear thoughts.

Hyperinflation will kill bitcoin, because the energy costs of the PoW miners would grow faster than the price of bitcoin causing all the miners to shut down.
Not to mention the interest of the loans to buy the asics would crush them.

In your opinion, what is hyperinflation? inflation hits 10% or 15%. Like the inflation we are experiencing is also said to be the worst in 40 years. But I see everything is going normally, bitcoin price is stable, just looking at the hashrate it is at a record high shows that the miners are still doing well. Hyperinflation or crisis, recession does not mean that everyone will have difficulties, there will still be people getting rich from inflation. Like we are in a bear market, some people lose and sell in panic but others think this is an opportunity and I am also the one who has been waiting for this for a long time.
hero member
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November 24, 2022, 07:55:29 AM
#14
Don't only talk about Bitcoin, do you think banks, fiat, economy and people will survive during apocalyse? it's a nightmare situation and everyone will really hard to get food, which make any asset is worthless as no one need it. It's a global problem and I don't think we will suffer apocalyse, except World War III will happen. It's ridiculous how you want to link a worst problem to Bitcoin while it's already has significant effect to everything around the world.
sr. member
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November 24, 2022, 07:54:37 AM
#13
Okay, just to keep saying; Nobody exists forever...
Like, Bitcoin will soon die for some reason and that is the thing that we never know. If we talk war, inflation, government regulations, etc... I'd just stop thinking about it because these are not enough to stop Bitcoin. Because the only thing that will stop Bitcoin is when no one will ever use it, buy or trade. Something like people abandoned Bitcoin totally,  but for now that we see adopters, users, investors, and traders growing which is really impossible.
hero member
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Free Crypto Faucet in Trustdice
November 24, 2022, 05:58:39 AM
#12
The converse question is are we going to take care of money in the end? going to deal with non-lifesaving things?

I was wondering why this ridiculous question had to be asked. Because if you're a rationalist or a realistic then that question definitely doesn't fall into any category. Comparing sentences of events that happened to all humans with one small part of the particle. The answer is of course not!
hero member
Activity: 1400
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November 24, 2022, 05:27:52 AM
#11
Bitcoin is least of your worries when the apocalypse happened. Probably people will stop thinking about any material things or money when apocalypse or catastrophe hits humanity hard. Even if Bitcoin survive after an apocalypse, I doubt that people will be interested on it during the initial days since human instinct will tell us to secure necessities and slowly develop again. Bitcoin might be revive again but it will take time or it might be belong to the loss technology which old civilization always experienced when there is a reset in humanity.
member
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Binance #Smart World Global Token
November 24, 2022, 05:21:52 AM
#10


As long as there be humans that can survive then am sure that Bitcoin will also survive. Now, in case all of humanity will be wiped out from the face of the planet then unless a colony in the moon or in Mars can be establish then maybe we will not be talking on Bitcoin anymore...unless again you believe in the afterlife but then again who needs Bitcoin in heaven, hell or purgatory maybe. Talking on problems like inflation and anything related to economy, that can be reasons why we have Bitcoin. That's why we should not be discouraged even with the FTX collapse contagion because this is just another bad episode - helmed by Sam and Caroline - in the crypto history and months from now this can be a forgotten one though we are learning many lessons from this one. Long live, Bitcoin!
legendary
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November 24, 2022, 04:32:06 AM
#9
Bitcoin will stop when people stop using this chain, and this will happen quickly if a fundamental defect is found in this technology, such as breaking the encryption, or there is an alternative, cheaper and more efficient, otherwise the network will weaken until it is centralized or managed by only some people.

Wars and other problems are not sufficient reasons to deal the death blow to Bitcoin, but uniform regulatory legislation around the world will be sufficient.
hero member
Activity: 2268
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You own the pen
November 24, 2022, 04:13:53 AM
#8
Bitcoins survived the pandemic and it even reached a new ATH record during that time. the crypto market is unpredictable, who knows maybe when the apocalypse happened fiat will no longer be needed and what's important is cryptocurrencies which you don't need any banks to keep nor any vault to bring when you have a huge amount of BTC in you. Just a sane mind to memorize your details and you are good to go.
hero member
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November 24, 2022, 04:13:39 AM
#7
The world is only getting crazier.

Hyperinflation, wars, supply chain issues, shortages
This is not the first time the world is going through such crazier moments due to outbreaks of wars, hyperinflation, and shortages of food, and yet survived successfully for the past 2022 years till today and it still has the potential in doing so, and same as Bitcoin been through a lot since it's 13 years of existence (i.e series of exchange hacks,  government unfavourable policies, and attack on miners) and yet still survived successfully. So to answer your question, I believe Bitcoin can still survive this, because the market was good not until the war against Russia and Ukraine started, causing the price of Bitcoin to fall from $30,000 to around $20,000 for quite a long time, not until the issue about FTX came up, leading to another fall in value from $20,000 to around $16,000.

So the worst thing that can happen is for its value to keep depreciating, but it can never die
hero member
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November 24, 2022, 03:52:36 AM
#6
It's like operations will be stopped if no miners left anymore, the network will be there but if there will be no one validating and confirming transactions then that doesn't make sense anymore.

The network might be stopped at that time and when someone does to reactivate it then that's it.

It could be stopped temporarily but then likely will go back when there are people that will continue to mine.
legendary
Activity: 1050
Merit: 1100
November 24, 2022, 03:19:48 AM
#5
The world is only getting crazier.

Hyperinflation, wars, supply chain issues, shortages

I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.

I often speculate. I not a gloom & doomer - just a realist.

Interest to hear thoughts.

The main triggers of the current global problems are Covid-19 and the war in Ukraine. The world was gradually recovering from the effect of the pandemic before Russian invaded Ukraine. The world have gone through worst things than these and survived. We have had great depressions that was predicted to end the world but live kept going on. As long as the world keep existing, Bitcoin would survive. There would always be alternative to areas of challenge. Miners can move to areas that are friendly for their mining activities. There are mass uncultivated lands that can boast food production. The end of the war in Ukraine would usher in the gradual recovery of the world. Bitcoin would end, when the world ends.
legendary
Activity: 2240
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A Bitcoiner chooses. A slave obeys.
November 24, 2022, 02:54:59 AM
#4
The world is only getting crazier.

Hyperinflation, wars, supply chain issues, shortages

I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.

I often speculate. I not a gloom & doomer - just a realist.

Interest to hear thoughts.






Would Bitcoin survive the apocalyse? Thats quite an easy question to answer. NO.

Why? Because without people, Bitcoin exists only until the networks, the servers, every single computer, every single harddrive and so on decomposes into rust and other stuff. Up until then it will be data stored as long as it can. But nobody will ever read that data again so basically, for all intents and purposes it will be dead. Just like the human race.

As long as people survive, so will Bitcoin. Everything else is a tad unrealistic and not worth thinking about, to be completely honest.
member
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November 24, 2022, 02:48:37 AM
#3
The world is only getting crazier.

Hyperinflation, wars, supply chain issues, shortages

I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.

I often speculate. I not a gloom & doomer - just a realist.

Interest to hear thoughts.

Hyperinflation will kill bitcoin, because the energy costs of the PoW miners would grow faster than the price of bitcoin causing all the miners to shut down.
Not to mention the interest of the loans to buy the asics would crush them.

War will kill bitcoin on the losing side, by depriving the miners of a functional power grid.
Not to mention a missile blowing up a warehouse full of asics ends mining at that spot.
Lack of Power means less people use bitcoin , as they have no way to transact it.

Supply chain  as long as the power is on and steady, this would be a non-issue.

Energy shortages however will provoke the local government to enact PoW mining bans. (Which is the real reason China Ban PoW mining.)
Which if the reason of the energy shortages is not corrected within 1-2 years,
then the local governments will ban PoW mining permanently ,
once the majority of countries do that bitcoin price verse fiat will collaspe even before the last miner shuts down forever.

PoW is a dead end, the bitcoin community refuses to see the end of PoW is already written.
BTC community want to pretend that the world is still in a energy abundance ,
all one has to do is look at China & Europe to see energy is becoming a scarcer commodity by the day.

Therefore anything that does not directly keep people alive will be excluded from accessing resources that are in a tighter supply by the day.

Solar won't fix anything with only 4 hours daily of peak energy in the summer only,
Hydoelectric is useless when the rivers dry up,
Wind is too random and region specific for base-load power.
Natural Gas prices have went too high, and is required more to be burned for heat than converted to electricity.
Most Coal & Nuclear plants have been shut down because of the failed green agenda.
It will take a decade to rebuild them to reach a stable baseload.
Plus electric cars are increasing and straining the grids even more.
So PoW is DOA, and their is no one that leads btc to convert to energy efficient solutions.

The only way bitcoin survives the coming PoW bans from the US/ Canada/ Europe is by becoming a token on the ethereum or cardano blockchains,
it has no other survival option because of the lack of leadership.
sr. member
Activity: 672
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stead.builders
November 24, 2022, 02:43:21 AM
#2
How bad would it have to get to stop the chain & would that kill Bitcoin?

Nothing can stop, hinder or kill bitcoin now or in the future to come as long as bitcoin does not kill itself, this economic cramps you're talking about are what the fiat role has placed to the world to inflict centralization such that every system will be under a single control of the economy by government and their policies, bitcoin is entirely different here, it plays a decentralized role and stand against inflation and other economic setback policies that got us all into slavery over years without having financial freedom, the solution that lies is with bitcoin and it's never too late to begin and have a new start, bitcoin isn't dying but rather resurrecting every other dead situations associated with the world economy development.
sr. member
Activity: 652
Merit: 321
November 24, 2022, 02:14:11 AM
#1
The world is only getting crazier.

Hyperinflation, wars, supply chain issues, shortages

I know a decent percentage of the network runs on renewable energy, there's the blockstream satellite, keys are offline etc

How bad would it have to get to stop the chain & would that kill Bitcoin?

Personally I'm not worried, because if it gets that bad, money probably won't matter. Food, water & shelter will be more valuable.

I often speculate. I not a gloom & doomer - just a realist.

Interest to hear thoughts.




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