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Author Topic: If the internet goes down suddenly, what will happen to you and Bitcoin?  (Read 9926 times)

Offline bayu7adi

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Yes, you are right; the lives of people will not be any less than hell after the shutdown of the internet. Things are more digital at this time; even when you use Google Maps to find routes in your car, you also need the internet. So, if a person is driving in an area that he doesn't know and the internet shuts down, then that person will be lost, and it will be very difficult to find him.

Most people are doing remote jobs from their homes because of the internet, and some are doing online jobs. If the internet is lost, then they will be jobless, and for the governments, they are nothing but a burden to them.
in the end it will be a nightmare for most people who have depended on the internet... yes.. many jobs and businesses will collapse... this is not just about google maps or online work, but all aspects of life are almost victims...

it is a setback that is very detrimental to all of us here, without denying that we access this forum with the internet...

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Offline God Of Thunder

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Most people are doing remote jobs from their homes because of the internet, and some are doing online jobs. If the internet is lost, then they will be jobless, and for the governments, they are nothing but a burden to them.

The IT sectors are the biggest sufferers of Internet blackouts. Many people fly to our nearest countries, like India and Nepal, to use the Internet, saving their jobs and client contracts. A couple of companies also flew their employees to Nepal just because they wouldn't be able to afford the loss due to an internet outage. A lot of freelancers lost their clients because of this.

Imagine a developer built a extension that generate invoice for e-commerce website. He used his own server and it went offline due to internet blackout. That guy making 10K USD per month from this and now suddenly all the companies that was using his extension cancelled the deal with him because they cannot stop their business for indefinitely. The government won't understand these pain.
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Offline bounceback

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Yes, you are right; the lives of people will not be any less than hell after the shutdown of the internet. Things are more digital at this time; even when you use Google Maps to find routes in your car, you also need the internet. So, if a person is driving in an area that he doesn't know and the internet shuts down, then that person will be lost, and it will be very difficult to find him.

Most people are doing remote jobs from their homes because of the internet, and some are doing online jobs. If the internet is lost, then they will be jobless, and for the governments, they are nothing but a burden to them.
Many people working from home or remote control when losing internet or internet speed decreasing will make their job loss, I think internet have been our important population right now every people use the internet not only for social media update but also as part of their work. The Government have been use internet for all their access such as airline transportation needed internet checking until on hospital and every where.
Bitcoin need internet and the trader can't take profit for buying or selling their bitcoin assets without have internet and impossible we can trade without internet way.

Offline Makus

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Many people working from home or remote control when losing internet or internet speed decreasing will make their job loss, I think internet have been our important population right now every people use the internet not only for social media update but also as part of their work. The Government have been use internet for all their access such as airline transportation needed internet checking until on hospital and every where.
Bitcoin need internet and the trader can't take profit for buying or selling their bitcoin assets without have internet and impossible we can trade without internet way.

The internet has become part of our lives, due to our level of exposure to the internet and some technologies that are being controlled by it, its safe to say we cannot live comfortably without the internet.  With the internet going blackout, we would return to being like the primitive age, where communication/distance becomes a barrier to accessing things from a remote area. And since ther risk no other alternative the Blockchain to work offline,  that mean all transactions cannot get verified by nodes or even get processed by the wallet in the first place.
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Offline TomPluz

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Without the internet, our life's will be boring and there wont be inflow and outflow of businesses that can affect the way we live...

Right now, most industries and businesses are already into the internet since it is providing the best way to reach the market and conduct business on a global scale...and this, of course, includes the whole cryptocurrency industry which is for now very dependent on the internet infrastructure, still a very centralized beast. There remains to be no viable way to conduct crypto transactions without using the internet...though this is one area that developers are looking into and I am hoping that soon they can come up with a feasible solution for this area. We can really see that life will never be the same without the internet as it is like the fire in cooking or power needed by gadgets to function well. Of course, nothing will happen to our cryptos but doing some transfers can be so hard, if not impossible. Maybe a wallet to wallet transfer can be done if one has proximity to each other...am sure I already heard of this technology before.








Offline bayu7adi

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There remains to be no viable way to conduct crypto transactions without using the internet...though this is one area that developers are looking into and I am hoping that soon they can come up with a feasible solution for this area.
Seeing the very important position of the internet and also becoming part of the global business, makes me think that there is a dangerous side if the internet is only controlled by a certain entity or a certain group... becoming a global need is enough to make it an important thing that must continue to exist and continue to run... I myself am unable to find a replacement for the internet that can be an alternative to the internet itself... I think there is only one, and we will all definitely feel incredibly scared if the internet is suddenly turned off globally...

I am also a little doubtful, whether the developers are looking for other alternatives or not... because I still think they still depend on the internet and will be willing to pay whatever money they have to be able to access the internet even in difficult times.

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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 used to think that this kind of situation would never happen, but my dictator government proved me wrong by turning off the country's internet for 5 days.
The whole country was disconnected from accessing internet and also communication to the world. And these all work done for suppressing the movement of student in our country.
And I tell about the what will happen then I have to say in these day our losses are up to 10billion dollar plus. It is not even the thing about only the bitcoin, bitcoin , digital banking those are nothing when internet is shutdown and Cash became the real king.

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Offline God Of Thunder

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I used to think that this kind of situation would never happen, but my dictator government proved me wrong by turning off the country's internet for 5 days.
The whole country was disconnected from accessing internet and also communication to the world. And these all work done for suppressing the movement of student in our country.
And I tell about the what will happen then I have to say in these day our losses are up to 10billion dollar plus. It is not even the thing about only the bitcoin, bitcoin , digital banking those are nothing when internet is shutdown and Cash became the real king.

It was six days actually if I am not wrong. They turned on the internet in some specific area for testing purposes and then they turned on Internet for all broadband users in the 7th days. When it comes to mobile cellular internet, people got back to the internet after eleven consecutive days. Can you imagine how many people lost their remote jobs?

I never thought something like this will happen especially when the Dictator government says they are working on making the country digital. The dictator Minister Palak changed his statement a couple of times. He says, they were forced to shutdown the internet, then again he said they did not cut the internet, but it was stopped working, then the Telecommunication guys says everything were OK. A lot of dramas! These stupids thinks we are like him, Stupids!
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Many people working from home or remote control when losing internet or internet speed decreasing will make their job loss, I think internet have been our important population right now every people use the internet not only for social media update but also as part of their work. The Government have been use internet for all their access such as airline transportation needed internet checking until on hospital and every where.
Bitcoin need internet and the trader can't take profit for buying or selling their bitcoin assets without have internet and impossible we can trade without internet way.

The internet has become part of our lives, due to our level of exposure to the internet and some technologies that are being controlled by it, its safe to say we cannot live comfortably without the internet.  With the internet going blackout, we would return to being like the primitive age, where communication/distance becomes a barrier to accessing things from a remote area. And since ther risk no other alternative the Blockchain to work offline,  that mean all transactions cannot get verified by nodes or even get processed by the wallet in the first place.
Airports banks and many businesses uses the internet and do you know what that means, there would be a big problem because everyone uses the internet daily directly or indirectly. I can't just imagine what will happen to us especially when our finance is controlled by the internet. People will go hungry and there will be riot of the street.

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Should in case the internet goes down completely, nothing is goin to happen to my coins because they are not stored on any centralized storage, instead on the blockchain, but how i will be able to access this same coins will be determined by the kind of wallet i used in saving the bitcoin at first place, this system is completely different from that of the one banks and governments used.

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It was six days actually if I am not wrong. They turned on the internet in some specific area for testing purposes and then they turned on Internet for all broadband users in the 7th days. When it comes to mobile cellular internet, people got back to the internet after eleven consecutive days. Can you imagine how many people lost their remote jobs?

I never thought something like this will happen especially when the Dictator government says they are working on making the country digital. The dictator Minister Palak changed his statement a couple of times. He says, they were forced to shutdown the internet, then again he said they did not cut the internet, but it was stopped working, then the Telecommunication guys says everything were OK. A lot of dramas! These stupids thinks we are like him, Stupids!
Maybe, but as far as I remember internet especially broadband connection was shut down after July 18 in the whole country. And later on the 24th it was activated again although I don't know how it happened to others but it happened to me. And depending on it I said 5 days.

However, even if it is five days, the time may be more in most area's still the speed of the Internet is very low, just to know that Google's local cash has been activated, and that is why we can currently search and browse YouTube and Google. And from Facebook, Whatsapp, Tiktok and other social media are still blocked. I actually never thought that the whole country would be shut down for so long. It is estimated that our country has lost 20 billion dollars at this time.

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Airports banks and many businesses uses the internet and do you know what that means, there would be a big problem because everyone uses the internet daily directly or indirectly. I can't just imagine what will happen to us especially when our finance is controlled by the internet. People will go hungry and there will be riot of the street.
There will be even more problems going on, not just the crypto or the issues you mentioned.
This will be a very complex and interrelated problem, but I don't think the government will let the internet die, especially now that there are many technologies that allow the internet to be accessed more easily like Elon Musk did with Starlink which reaches all corners of the earth wherever you are as long as you can still see the sky of the internet at high speed can be easily accessed.

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Airports banks and many businesses uses the internet and do you know what that means, there would be a big problem because everyone uses the internet daily directly or indirectly. I can't just imagine what will happen to us especially when our finance is controlled by the internet. People will go hungry and there will be riot of the street.
There will be even more problems going on, not just the crypto or the issues you mentioned.
This will be a very complex and interrelated problem, but I don't think the government will let the internet die, especially now that there are many technologies that allow the internet to be accessed more easily like Elon Musk did with Starlink which reaches all corners of the earth wherever you are as long as you can still see the sky of the internet at high speed can be easily accessed.
The internet has become an inseparable part of life in this fast-paced era in determining all the policies that will be implemented. So, internet needs are very important apart from crypto transactions, but all needs also use the internet network.
You are right, currently Starlink from Elon is very helpful for the difficulties that occur due to the need for an internet network in all areas and that can be reached by it. This is really help that is really needed in an era like this. There are no more restrictions and everyone can enjoy the internet network.
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Offline UNIVERSE

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    2500 Posts Sixth year Anniversary Fifth year Anniversary
Should in case the internet goes down completely, nothing is goin to happen to my coins because they are not stored on any centralized storage, instead on the blockchain, but how i will be able to access this same coins will be determined by the kind of wallet i used in saving the bitcoin at first place, this system is completely different from that of the one banks and governments used.
The coins may be safe on hardware wallets, but they probably will lose their values. I cant imagine if the internet will be shut down totally, there will be tons of dead coins, including the popular coins. Bitcoin may return to below $10 again if there is no internet, it is because people will get difficulty to trade the Bitcoin. Honestly, I never expect to see no internet, it will bring too big impacts on our life. Crypto world may be over, and online jobs will be gone.


Offline God Of Thunder

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    10 Poll Votes One year Anniversary Quick Poster
However, even if it is five days, the time may be more in most area's still the speed of the Internet is very low, just to know that Google's local cash has been activated, and that is why we can currently search and browse YouTube and Google. And from Facebook, Whatsapp, Tiktok and other social media are still blocked. I actually never thought that the whole country would be shut down for so long. It is estimated that our country has lost 20 billion dollars at this time.

Yes. It's five days in some areas and more than six days in others. Just so you know, the dictators just unblocked FFacebook, TikTok, and WhatsApp. But do you know what's funny? Mr. Palak sent letters to Facebook, Tiktok to come to their office to talk but only Tiktok responded to them and Facebook did not even responded to them. But Mr. Palak just unblocked these social media today because everything he was doing just backfired in his Ass. Especially the remittence thing which will affect the entire economy. Now he is begging for remmitence. These fuckers will always stay the same. Make mistakes, ask for forgiveness, Repeat.
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