Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: mayuri27 on February 19, 2018, 02:29:14 PM

Title: Bitcoin affected on large scale if there is no Internet?
Post by: mayuri27 on February 19, 2018, 02:29:14 PM

Bitcoin is running and mining through the computer and if there is no internet means there is no bitcoin..
How much you agree for this?

Title: Re: Bitcoin affected on large scale if there is no Internet?
Post by: Souri on February 19, 2018, 03:29:30 PM

Yes the bitcoin infrastructure depends on internet connection and electrical power, this is of course a threat to the system. Similar as credit card payment systems require power and internet access and fiat currency requires trust and believe.