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Author Topic: If the internet goes down suddenly, what will happen to you and Bitcoin?  (Read 9798 times)

Offline Dr.Bitcoin_Strange

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But now that smart devices are available that support accessing the internet, it becomes a basic need that cannot be avoided.
some people can't live without the internet and it makes them uneasy, but when I can't get the internet I can still survive because I live in 2 different eras.
Something that is labeled "smart" is now quite popular too...that's because of the rapid growth of the times. I think you are a lucky person to be able to live when the internet is not too dominant in society... this is what makes it possible for you to survive and know the right steps and plans to stay alive.
It still doesn't change the fact that life is still gon be pretty difficult, and adapting to living without the internet, because even if you lived in a time without the internet and was living well with it, you've witnessed and undergone several technological advancements and have also adapted to the internet and technology today, so going back to the days without the internet would be pretty difficult to adapt, although possible but pretty difficult.

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Offline electronicash

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But now that smart devices are available that support accessing the internet, it becomes a basic need that cannot be avoided.
some people can't live without the internet and it makes them uneasy, but when I can't get the internet I can still survive because I live in 2 different eras.
Something that is labeled "smart" is now quite popular too...that's because of the rapid growth of the times. I think you are a lucky person to be able to live when the internet is not too dominant in society... this is what makes it possible for you to survive and know the right steps and plans to stay alive.
It still doesn't change the fact that life is still gon be pretty difficult, and adapting to living without the internet, because even if you lived in a time without the internet and was living well with it, you've witnessed and undergone several technological advancements and have also adapted to the internet and technology today, so going back to the days without the internet would be pretty difficult to adapt, although possible but pretty difficult.

its hard to think of going back to the old stage where there is no internet. the finance of the countries are already relying on the internet connection which we transact thru the credit cards and crypto. 

lets say the worse has come and war ruins most of of the power plant in a country, then this country will really suffer the worse and they people will be taken back to where they are using kerosene to light up the night.

the internet may be up again when developments begin too. but i'm sure it will take years.

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Offline lepbagong

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But it requires you to already have the tools (e.g. satellite receiver) and guide/article on how do that.

Yes, of course things are still needed, but at least there are options. As for receiving help through a guide, I don't know if it will be very difficult, the truth is that I haven't looked for it but I imagine there will be something available. What makes me curious now that you mention it, is to know if anyone has ever done it this way. I'll look for information and put what I find here.
I think I've read an article, but I've looked for it but couldn't find it. This is a problem about what if the internet can't be used. Is there an alternative that can be done for bitcoin transactions?
In the article it is said that this has been done and tried with radio waves, either via VHF or UHF, which have been used and changed so that they can be accepted, but is it effective and usable? It looks like the experimenter had used it on his friend and it worked.
So there are always alternatives that can be done, but are they effective? I think it still needs to be questioned too. CMIIW
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Offline nakamura12

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If the internet goes down then many people will suffer for it since some people sell their assets to invest in bitcoin. I think people can find a way to send bitcoin using other methods but that's the question on how people will sell by sending and receiving bitcoin then it would be possible to buy and sell although I don't think it will be effective since there will be no record to begin with like the blockchain which contains the records of all transactions even the new coins that are mined.
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Offline libert19

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I think people can find a way to send bitcoin using other methods but that's the question on how people will sell by sending and receiving bitcoin then it would be possible to buy and sell although I don't think it will be effective since there will be no record to begin with like the blockchain which contains the records of all transactions even the new coins that are mined.

I'm not sure what you mean exactly but as I understand, if there is no registry of your transaction on blockchain, the transaction never happened in first place.

Offline ABCbits

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But it requires you to already have the tools (e.g. satellite receiver) and guide/article on how do that.

Yes, of course things are still needed, but at least there are options. As for receiving help through a guide, I don't know if it will be very difficult, the truth is that I haven't looked for it but I imagine there will be something available. What makes me curious now that you mention it, is to know if anyone has ever done it this way. I'll look for information and put what I find here.
I think I've read an article, but I've looked for it but couldn't find it. This is a problem about what if the internet can't be used. Is there an alternative that can be done for bitcoin transactions?
In the article it is said that this has been done and tried with radio waves, either via VHF or UHF, which have been used and changed so that they can be accepted, but is it effective and usable? It looks like the experimenter had used it on his friend and it worked.
So there are always alternatives that can be done, but are they effective? I think it still needs to be questioned too. CMIIW

Personally i'd say radio waves approaches isn't effective, since very few people run it, there's no guide how to do it (at least i didn't find such guide) and you may need license to use certain radio waves. IMO only only blockstream satellite that can be considered as effective, since it's exist since few years ago and they provide guide to use it.
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Offline NotATether

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If the internet goes down then many people will suffer for it since some people sell their assets to invest in bitcoin. I think people can find a way to send bitcoin using other methods but that's the question on how people will sell by sending and receiving bitcoin then it would be possible to buy and sell although I don't think it will be effective since there will be no record to begin with like the blockchain which contains the records of all transactions even the new coins that are mined.

Reminder that nothing is actually going to happen to your bitcoins, since it is basically living inside the copy of the blockchain that each node has downloaded. So at most your balance will be frozen - price will probably suffer though and that's going to be a whole different story. Most people will not even be able to sell in such a case.
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Offline bounceback

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If the internet goes down then many people will suffer for it since some people sell their assets to invest in bitcoin. I think people can find a way to send bitcoin using other methods but that's the question on how people will sell by sending and receiving bitcoin then it would be possible to buy and sell although I don't think it will be effective since there will be no record to begin with like the blockchain which contains the records of all transactions even the new coins that are mined.
If the internet going down, seems nothing we can't do from checking our bitcoin fund until how to sell or withdrawing to fiat, make transaction of bitcoin require with internet although not really faster but impossible for selling it without have access with internet. But bit possibility have one day later internet gong down because all aspect every country make internet is most important part and a lot of transaction make trough internet.
Stock investment and government internal transaction depend on internet and they are always protecting for internet keep existing.

Offline ZAINmalik75

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We know that Bitcoin is easier to access using the internet, including all transaction needs... however, that doesn't mean Bitcoin can't be transacted without the internet.

If you look at the impact of the internet on cryptocurrencies today, it is huge. And what happens if the internet is lost???
Will you regret owning Bitcoin now? And will you fall into poverty seeing that your assets cannot be sold on any exchange?
I will regret owning BTC at the time when it won't be useful to me. And everyone will be regretting to hold BTC as well if it won't be helping them in times when they need it most. Its just human nature. But that's where diversification comes. We should diversify our assets in a way that if we come to see such apocalypse we will be ready at least.

I prefer to call it apocalypse because it will not only affect BTC world but the whole world will be shatterd because each and everything is connected in many ways. Aeroplanes will lose tracks, people will lose patience and thus it will lead to disaster. I hope this day will never come.
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Online Freemind

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I think I've read an article, but I've looked for it but couldn't find it. This is a problem about what if the internet can't be used. Is there an alternative that can be done for bitcoin transactions?
In the article it is said that this has been done and tried with radio waves, either via VHF or UHF, which have been used and changed so that they can be accepted, but is it effective and usable? It looks like the experimenter had used it on his friend and it worked.
So there are always alternatives that can be done, but are they effective? I think it still needs to be questioned too. CMIIW

It's good to know that this alternative method worked successfully, but thinking about it, I would be concerned about the security with which transactions are carried out in this way, that is, if they are as "safe" as those we carry out daily with fiber connections for example, although I suppose something like this would need more study and being able to do many more tests.



Personally i'd say radio waves approaches isn't effective, since very few people run it, there's no guide how to do it (at least i didn't find such guide) and you may need license to use certain radio waves. IMO only only blockstream satellite that can be considered as effective, since it's exist since few years ago and they provide guide to use it.

Well, I don't know if radio waves are less used or frequent, but I thought they would always be more accessible than satellite connections, but after your reasoning I see that this is not the case. So there are fewer and fewer options or they can be more complicated.
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Offline JunaidAzizi

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The internet plays an essential role in our daily life activities, and almost all of us are dependent on the internet in different sections. If the internet is off today, then the whole world will be disconnected from each other and will go back to the earlier way of life. Bitcoin or our crypto world will also be affected if the internet goes off. We know Bitcoin runs on the internet, and all the transactions, as well as our wallet logging, etc., work on the internet. In that case, all those persons who have some relation to the crypto world will be affected, but some will be less affected, and some will be highly affected because of the small and large investments. So, if the internet goes off, then Bitcoin will be useless, and those who have more bitcoins and rely solely on Bitcoin will be the poorest persons, and vice versa.
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Offline lepbagong

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The internet plays an essential role in our daily life activities, and almost all of us are dependent on the internet in different sections. If the internet is off today, then the whole world will be disconnected from each other and will go back to the earlier way of life. Bitcoin or our crypto world will also be affected if the internet goes off. We know Bitcoin runs on the internet, and all the transactions, as well as our wallet logging, etc., work on the internet. In that case, all those persons who have some relation to the crypto world will be affected, but some will be less affected, and some will be highly affected because of the small and large investments. So, if the internet goes off, then Bitcoin will be useless, and those who have more bitcoins and rely solely on Bitcoin will be the poorest persons, and vice versa.
It is certain that everyone recognizes what you said, that currently the need for the internet is something that is as important as life without food. We need each other, and it is difficult to avoid it. But before there were cellphones and the internet, there were already communication tools that used radio frequency waves, and they were very popular and became much needed tools, the same as today's cellphones and internet connections. Because of this progress, radio frequencies are starting to be abandoned because they are considered no longer modern according to the current era.
I really agree, currently everything is affected by the internet and if there is no internet the world will seem to collapse, especially when crypto transactions cannot run and will affect all transactions, but it is not impossible that in time there will be a substitute other than the internet.
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Offline NotATether

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It is certain that everyone recognizes what you said, that currently the need for the internet is something that is as important as life without food. We need each other, and it is difficult to avoid it.

Eh, not exactly. You don't necessarily need the internet unless you are scrolling through Facebook, Instagram, and other social media 24/7 - at which this becomes a psychological issue, not an issue of you needing this thing or you're going to die - like come on. It's not as important as real basic resources.
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Offline God Of Thunder

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I don't know why people keep asking something that is not going to happen in the next 100 years. Even if something happens like this, the chance is less than 0.0001% or more lower. People ask questions like what if there is no internet? What if there is no electricity? What if all the Bitcoin nodes get shut down? What if the government shut down all the Bitcoin nodes? C'mon bros! these are not going to happen in the next few decades! At least the chance is lower than 0.0001%. So please stop creating stupid threads asking stupid questions!
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Offline Dr.Bitcoin_Strange

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But now that smart devices are available that support accessing the internet, it becomes a basic need that cannot be avoided.
some people can't live without the internet and it makes them uneasy, but when I can't get the internet I can still survive because I live in 2 different eras.
Something that is labeled "smart" is now quite popular too...that's because of the rapid growth of the times. I think you are a lucky person to be able to live when the internet is not too dominant in society... this is what makes it possible for you to survive and know the right steps and plans to stay alive.
It still doesn't change the fact that life is still gon be pretty difficult, and adapting to living without the internet, because even if you lived in a time without the internet and was living well with it, you've witnessed and undergone several technological advancements and have also adapted to the internet and technology today, so going back to the days without the internet would be pretty difficult to adapt, although possible but pretty difficult.

its hard to think of going back to the old stage where there is no internet. the finance of the countries are already relying on the internet connection which we transact thru the credit cards and crypto. 

lets say the worse has come and war ruins most of of the power plant in a country, then this country will really suffer the worse and they people will be taken back to where they are using kerosene to light up the night.

the internet may be up again when developments begin too. but i'm sure it will take years.
Not just the country's finance, most other areas of the economy now rely on the internet, now we have international markets, and people yrade there every single day, making good profits, all these are possible because of the presence of the internet, so if A country's internet is to be shut down, that country would also be shut down from other part of the world, it'll affect their trades, educational systems, financial systems and other sectors.

The country would be really affected by it, even if They're to adapt to the situation, it'll take a lot of time for that to happen.

 

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