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Author Topic: If the internet goes down suddenly, what will happen to you and Bitcoin?  (Read 9807 times)

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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.
Yeap I have seen that.  Facebook and others social media which are blocked those can be used now without VPN. I have been Mr. Palak was thought to be a wise man because he used to talk positive about Bitcoin and Cryptocurrency in Bangladesh, but the current incident has proved that he is a joker. To say that most of the ministries of our Dictator are Joker. And they are constantly proving it through their statements.
Do you remember The Prime Minister visited China a few days ago for a 2 billion dollar loan that they did not receive. Now you have calculated the damage, it is about 20billion and there expatriates have stopped sending remittances, then think about where is their situation is now.

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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.
If there is no internet, you cannot send or spend BTC, it does not depend on the wallet you are using; your funds would surely not be lost, but you will not be able to do anything with it. The same with almost every other thing that requires internet connection, including your fiat in your bank, if the internet fails, it would almost mean the world going back to the stone age, and the worry isn't going to be about BTC if this happens.

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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #152 on: August 01, 2024, 08:45:13 AM »
Yeap I have seen that.  Facebook and others social media which are blocked those can be used now without VPN. I have been Mr. Palak was thought to be a wise man because he used to talk positive about Bitcoin and Cryptocurrency in Bangladesh, but the current incident has proved that he is a joker. To say that most of the ministries of our Dictator are Joker. And they are constantly proving it through their statements.

I liked it for the same reason. He spoke about Bitcoin, and we were waiting for some updates in the future. He tried to bring Paypal as well. But the thing is, he was not able to bring PayPal. Bitcoin is still banned in Bangladesh. So, there is nothing to give him credit. But I thought he was wise because I saw him working for people.

But as you said, all the ministers are jokers and part of that Dictator government. He has changed his statement multiple times in a single week. He lied over and over on people's faces. The idols we followed were just part of that dictator government.
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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #153 on: August 01, 2024, 05:27:29 PM »
-snip-
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.
When the use of the internet is fairly evenly distributed with today's more sophisticated technology, then the attraction to crypto will definitely also grow. There are a lot of new people who are starting to log in and learn about crypto.

There are no more limits, no more laggards, and everyone can take part in the development of increasingly advanced technology.

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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #154 on: August 01, 2024, 05:44:34 PM »
I liked it for the same reason. He spoke about Bitcoin, and we were waiting for some updates in the future. He tried to bring Paypal as well. But the thing is, he was not able to bring PayPal. Bitcoin is still banned in Bangladesh. So, there is nothing to give him credit. But I thought he was wise because I saw him working for people.

But as you said, all the ministers are jokers and part of that Dictator government. He has changed his statement multiple times in a single week. He lied over and over on people's faces. The idols we followed were just part of that dictator government.
Yes he is working to bring PayPal to Bangladesh he has given such assurances several times but we don't see any progress. Same happening to cryptocurrency and bitcoin. I don't know what's the reason behind of this that they won't try to bring Paypal and as well as legalize the bitcoin in Bangladesh.  May be people will get freedom with their asset?
Because they shut down the internet from social media for 10 days to stop the small movement and now they have reduced the speed a lot and have banned more for fear of decentralizing ecosystem like Bitcoin that will affect their dictatorship.
And seeing the current recent incident, what I think is the assurances given by this joker to cheat people

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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #155 on: August 01, 2024, 09:12:16 PM »
There are no more limits, no more laggards, and everyone can take part in the development of increasingly advanced technology.
True, but not everyone is ready to embrace such opportunity, some young people today do not still believe in BTC, because they cannot see it physically, they believe so much in the traditional system and that is really backward thinking.

Advancement in technology has made the world a better place to live in, and i just feel sorry for people who live in areas that are so backward in things like these.

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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #156 on: August 01, 2024, 09:37:26 PM »
There are no more limits, no more laggards, and everyone can take part in the development of increasingly advanced technology.
True, but not everyone is ready to embrace such opportunity, some young people today do not still believe in BTC, because they cannot see it physically, they believe so much in the traditional system and that is really backward thinking.

Advancement in technology has made the world a better place to live in, and i just feel sorry for people who live in areas that are so backward in things like these.

everyone will embrace BTC, a legislator from Hong Kong an island controlled by China also advocates BTC as financial reserves as well just when the news hits that Trump plans to add BTC as financial reserves.

just recently as well Russia plans to use BTC for international trade transactions. when all these takes place i think majority of the countries will also be adopting BTC and all of the crypto i guess will have its bull run as well. we won't even be talking about internet going down or blackouts.

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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #156 on: August 01, 2024, 09:37:26 PM »


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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #157 on: August 02, 2024, 06:17:06 AM »
Yes he is working to bring PayPal to Bangladesh he has given such assurances several times but we don't see any progress. Same happening to cryptocurrency and bitcoin. I don't know what's the reason behind of this that they won't try to bring Paypal and as well as legalize the bitcoin in Bangladesh.  May be people will get freedom with their asset?

PayPal won't come in such a country where they won't have the freedom to work. PayPal considers Bangladesh a risky country to work in. They are a financial company and they are an international company. You know how centralized the country is and the law enforcement and everything. The law department always does whatever the dictators ask them to do. Palak talked to PayPal multiple times but I don't think PayPal ever agreed to come to this country. Nobody knows what is going to happen if PayPal comes to this country. What If Some "Chatra League" Kutta asks for a million dollars and kidnaps their workers?  ::)
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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #158 on: August 02, 2024, 01:48:58 PM »
everyone will embrace BTC, a legislator from Hong Kong an island controlled by China also advocates BTC as financial reserves as well just when the news hits that Trump plans to add BTC as financial reserves.

just recently as well Russia plans to use BTC for international trade transactions. when all these takes place i think majority of the countries will also be adopting BTC and all of the crypto i guess will have its bull run as well. we won't even be talking about internet going down or blackouts.
Many countries have planed for using bitcoin as their international transaction to avoid from using dollar, but need waiting right moment depend the government regulation. In United State for five years later has opportunity with bitcoin will be legalize payment transaction if Donald Trump become the winner or election, but if loss seems bitcoin get difficult for adopting as legal payment currency transaction.

Bitcoin really need with internet, when internet going down make difficult for bitcoin development because the trader can't sell or but their bitcoin assets.

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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #159 on: August 02, 2024, 06:04:36 PM »
True, but not everyone is ready to embrace such opportunity, some young people today do not still believe in BTC, because they cannot see it physically, they believe so much in the traditional system and that is really backward thinking.

Advancement in technology has made the world a better place to live in, and i just feel sorry for people who live in areas that are so backward in things like these.
Those who still don't believe simply because they don't have enough knowledge and lack of literacy about bitcoin and crypto.

Even though the times are sophisticated and still see that bitcoin does not have a physical currency,
and now it is all digital and Fiat money also uses digital currency as a transaction.

People who do not have extensive knowledge of today's technological growth will certainly not be able to understand. Now that technology is getting better, the internet can be used anywhere and by anyone, and this will be the greatest progress for humanity to face a more revolutionary future.

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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #160 on: August 02, 2024, 08:25:27 PM »
PayPal won't come in such a country where they won't have the freedom to work. PayPal considers Bangladesh a risky country to work in. They are a financial company and they are an international company. You know how centralized the country is and the law enforcement and everything. The law department always does whatever the dictators ask them to do. Palak talked to PayPal multiple times but I don't think PayPal ever agreed to come to this country. Nobody knows what is going to happen if PayPal comes to this country. What If Some "Chatra League" Kutta asks for a million dollars and kidnaps their workers?  ::)
The points you have mentioned that for Paypal won't come in Bangladesh it true. In fact, this country is not the right area for the business of a multinational company, not only about PayPal. If I say, have you noticed the situation of the multinational companies in Bangladesh with their business running groups, especially shipment companies, when the internet was shut down?
So I don't think any good company will unnecessarily increase their headache by investing in an autocratic country like Bangladesh. And besides, I think you know the condition of Bangladesh's foreign reserves. So seeing these I don't think Paypal will ever come to Bangladesh.

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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #161 on: August 02, 2024, 10:58:31 PM »
If there is no internet, you cannot send or spend BTC, it does not depend on the wallet you are using; your funds would surely not be lost, but you will not be able to do anything with it. The same with almost every other thing that requires internet connection, including your fiat in your bank, if the internet fails, it would almost mean the world going back to the stone age, and the worry isn't going to be about BTC if this happens.
Correct. Without internet, we are impossible to open the Bitcoin on the wallets. How we send the Bitcoin if it is trapped on the wallets? I know some people argue that we have some ways to send Bitcoin without internet. But if the Bitcoin can't be accessed on the wallets because of no internet, we can't do anything to the Bitcoin. We also can't transfer our funds on bank wallets, we have no option for trading Bitcoin, too. I personally don't believe the government will let the situation of no internet, they must make efforts to get back internet.


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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #162 on: August 03, 2024, 01:26:44 PM »
The points you have mentioned that for Paypal won't come in Bangladesh it true. In fact, this country is not the right area for the business of a multinational company, not only about PayPal. If I say, have you noticed the situation of the multinational companies in Bangladesh with their business running groups, especially shipment companies, when the internet was shut down?
So I don't think any good company will unnecessarily increase their headache by investing in an autocratic country like Bangladesh. And besides, I think you know the condition of Bangladesh's foreign reserves. So seeing these I don't think Paypal will ever come to Bangladesh.

Bro, I know all these things. let me tell you a short story which I read a few weeks ago.
I believe you know Mr. Jahangir who was the mayor of Gazipur City corporation. You may also know that there are hundreds of companies in Gazipur. That guy, during his period, did all the things he could do. He did not give trade licenses to these companies so they could raid later and loot these companies. But right after he got suspended, the companies started to invest again and grow their business. Later, His mother was elected as Mayor again and Now Mr. Jahangir again doing his job. Even the government sent multiple letters to the Mayor to help these companies. But Mr. Jahangir still doing extortion and I guess these companies will leave the country soon. You will see that multi-billion dollar companies leaving Bangladesh because of extortion.
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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #163 on: August 07, 2024, 08:13:20 PM »
Bro, I know all these things. let me tell you a short story which I read a few weeks ago.
I believe you know Mr. Jahangir who was the mayor of Gazipur City corporation. You may also know that there are hundreds of companies in Gazipur. That guy, during his period, did all the things he could do. He did not give trade licenses to these companies so they could raid later and loot these companies. But right after he got suspended, the companies started to invest again and grow their business. Later, His mother was elected as Mayor again and Now Mr. Jahangir again doing his job. Even the government sent multiple letters to the Mayor to help these companies. But Mr. Jahangir still doing extortion and I guess these companies will leave the country soon. You will see that multi-billion dollar companies leaving Bangladesh because of extortion.
Hehe,, Dude Can you say to me where is those Jahangir now? Is he alive ?  ;D
I think the great movement that happened in Bangladesh is rare in history when the head of the dictatorial government finally fled for his life. Hope this second freedom of Bangladesh will be maintained and in the future there will be a government that will not be so dictatorial and will not interfere with the internet plus I hope the next government will legalize bitcoin in our country

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Re: If the internet goes down suddenly, what will happen to you and Bitcoin?
« Reply #164 on: August 08, 2024, 05:22:58 PM »
Hehe,, Dude Can you say to me where is those Jahangir now? Is he alive ?  ;D
I think the great movement that happened in Bangladesh is rare in history when the head of the dictatorial government finally fled for his life. Hope this second freedom of Bangladesh will be maintained and in the future there will be a government that will not be so dictatorial and will not interfere with the internet plus I hope the next government will legalize bitcoin in our country

I don't know where Mr. Jahangir is now. But, I want to tell you not to hope much because there are thousands of Jahangir In Gazipur who just woke up three days ago. You should know that the whole country is Full of Jahangir. Those Jahangir's just looted a couple of factories in Gazipur in the last three days.

I cannot imagine why those people looted some Oil companies, Rice mills, Plastic pipe and fittings factories. People hate dictator government, but they should know that they are not better than those dictators. Whoever get a little chance to steal, or show their power, they don't miss a single chance.
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