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Author Topic: Are Crypto Users are really prepare to Face these situations?[No Internet]  (Read 2654 times)

Offline Crypto Library

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Are you guys know about the current unrest with the Quota Protest in Bangladesh.
This protest became massive only because of the internet and social media. And for this, our Dictators shut down the Internet Connection of the entire country for 5 days to turn the situation towards them. To say that these five days our Bangladeshi people were completely isolated from the Internet or the world. You can visit this thread to know more details - Attacks on quota movement students

Now I come to the real point, most of us who are here have investment in cryptocurrency or bitcoin or selling services which is very related to bitcoin.

What will you do with their transactions/trades in this situation? Can a Satelite Internet connection can be only the way ?



Are bitcoiner really have the decentralized system, which can't be controlled? Because at the end of the day, I'm seeing that we are hostage to the government. It appears that all control is in the hands of the government i.e. to the ruler party.

Now I want to know if there is ever such a situation in your country then what should be the pre-preparation?



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Online Charles-Tim

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What will you do with their transactions/trades in this situation? Can a Satelite Internet connection can be only the way ?
Like I have explained on the other forum, yes because the government have control over the underwater internet cables. Those internet providers using underwater internet cables are regulated by the government, and they can be controlled. Only satelite internet connection would be the option to go for.

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Offline Crypto Library

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Like I have explained on the other forum, yes because the government have control over the underwater internet cables. Those internet providers using underwater internet cables are regulated by the government, and they can be controlled. Only satelite internet connection would be the option to go for.
That's why I mentioned satellite internet as an alternative. I actually doubted whether the satellite internet connection would work at all. But besides, I myself do not know which company provides satellite internet in Bangladesh and what is their price. I heard about Starlink and I have no idea about its pricing.
However, as a 3rd world country and based on the income of most people, most of them do not have the affordability to implement this satellite.

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Like I have explained on the other forum, yes because the government have control over the underwater internet cables. Those internet providers using underwater internet cables are regulated by the government, and they can be controlled. Only satelite internet connection would be the option to go for.
That's why I mentioned satellite internet as an alternative. I actually doubted whether the satellite internet connection would work at all. But besides, I myself do not know which company provides satellite internet in Bangladesh and what is their price. I heard about Starlink and I have no idea about its pricing.
However, as a 3rd world country and based on the income of most people, most of them do not have the affordability to implement this satellite.

Unfortunately, it's only the satellite as our options if ever the internet is cut, just like what happen in Bangladesh. And you are correct, we can't do anything specially in a 3rd world country wherein most of us live.

So likely scenario is that we will have to wait what the government will do in order to restore internet. And so we will be trapped, so perhaps if we needed money then the best option is to put some in bank or have money on hand in case of this kind of disaster or crisis.
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Online Charles-Tim

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That's why I mentioned satellite internet as an alternative. I actually doubted whether the satellite internet connection would work at all. But besides, I myself do not know which company provides satellite internet in Bangladesh and what is their price. I heard about Starlink and I have no idea about its pricing.
However, as a 3rd world country and based on the income of most people, most of them do not have the affordability to implement this satellite.
According to what I found out online, Starlink subscription in Bangladesh is expensive with a monthly subscription of around $120. This may be wrong but that was what I saw online. The kit is around $599 dollars.

https://www.thedailystar.net/business/news/musks-starlink-make-entry-bangladesh-3487811

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...//:::

I'll be specific, since the topic is somewhat simple, but there may be someone in your area who has Starlink, since, in many places in the world, fortunately, many disconnected places already have that access through this route.

Investigate or ask, but they are there and if they are not, you can start something like a niche in your region, although the laws and the situation in your country, it can definitely be considered a crime, be careful, this is not advice, it is just information.

Starlink, like the satellite television service, can be used... on their page there is all the information you need.

It is a service that can be obtained jointly to reduce costs. The buy in the antenna is the first major investment, then you only pay monthly, and the service can even be paid for month by month, there are no annual contracts.

I hope everything works out, stay safe, I read something on my local board thanks to another user, but around here (my region) that news is not getting the coverage it deserves.

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Offline bitterguy28

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And for this, our Dictators shut down the Internet Connection of the entire country for 5 days to turn the situation towards them.
it is possible for any government to do this but not all countries are under a dictatorship some countries are more likely to experience this than the others of course this doesn't mean that we should not prepare for it
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What will you do with their transactions/trades in this situation? Can a Satelite Internet connection can be only the way ?
yes satellite internet can be used but in times of total cutoff i don't think i will be making a lot of transactions the best way i can think of is use a cold wallet to hold my funds securely this way i know they are safe and i do not need to worry about not being able to check my funds
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Are bitcoiner really have the decentralized system, which can't be controlled? Because at the end of the day, I'm seeing that we are hostage to the government. It appears that all control is in the hands of the government i.e. to the ruler party.
i believe even though the government can pretty much do anything to their citizens, we are still offered some sense of control after all our private keys is ours and ours alone and without it the government cant access our funds

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The fact that the government taking measures to shutdown the internet does not necessarily mean that they have control over Bitcoin.
Such exhibition is as the government's keep related internet technologies and bridging humans communication and not mean they have controls over Bitcoin.

Hence we should know that the shutdown of the internet will also affect them the authorities so everyone suffers it and at the restoration of the internet, our Bitcoins will still be intact for us untouched as decentralized financial technology it is.
We can say that what happened in that few 5days in Bangladesh is a reflection that even in crisis your assets or values stored in the Bitcoin will safe for you rather there would be inconveniences to process transactions. But what should be most mattered is the safety of your funds which Bitcoin is always a hedge towards such crisis potential to cripple values or the economy.

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Not unless you are using satelite phones or internet though in total internet shutdown maybe Blockstream has a solution to that if I am not mistaken. But this issue should be cleared and will be taken consideration by devs one day that full access to Bitcoin will still be possible even without the use of internet.

Here in my country I have experienced this situation before when a super typhoon hit our place we lost power supply and internet for maybe 6-7 months and that leads me the inability to access my Bitcoin funds.

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Satellite internet connection has become cheaper and more reliable. Starlink is preparing to launch a mini version at a price of less than $ 500. If investment in this sector continues, you may find an access point in any city in the world connected to a satellite internet connection before 2040. Internet outages via submarine cables will not be a problem in the future.

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Now I want to know if there is ever such a situation in your country then what should be the pre-preparation?

That's a remote possibility that could happen to our country, because the governemnt is also relying too much for their operations and the business sectors will suffer drastically in case this happen, but yes we have to think this possibility if we have a huge amount of investment in Cryptocurrency.

I can think of two options: using satellite internet, moving to another country, and just taking your private keys, seedphrases, or hardware wallets with you.
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Offline Hamza2424

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Crypto Library, TBH I'm feeling so sad, that such a crisis is ongoing in your country and, on top of that this crisis is just because of a democratic protest, which is the right of everyone Students are going through a hard time, May Allah Bless you guys and give you patience and Strength. No internet is really a big problem, but what can we do against such dictators except the protests?

For the general point of view.
TBH, I don't think no internet situation is gonna ever happen because it is not the age of land-line internet, now we own the latest satellite communication, Until or unless there's WW3, I dont think there will be 100% no internet on this planet.
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Online dkbit98

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    2500 Posts 10 Poll Votes Fifth year Anniversary
I don't think that satellite internet would solve anything, at least for most of the people, and it's not available everywhere.
Interesting that regions that have no-flight zone are also facing the issue of satellite internet not working, so think about that, no planes in sky means no internet.
There is a way to make bitcoin transactions without internet, but again it's complicated for most people, and I am not even sure that cards and bank payments can work without internet.
Cash is the king.
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Offline Crypto Library

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Crypto Library, TBH I'm feeling so sad, that such a crisis is ongoing in your country and, on top of that this crisis is just because of a democratic protest, which is the right of everyone Students are going through a hard time, May Allah Bless you guys and give you patience and Strength. No internet is really a big problem, but what can we do against such dictators except the protests?

For the general point of view.
TBH, I don't think no internet situation is gonna ever happen because it is not the age of land-line internet, now we own the latest satellite communication, Until or unless there's WW3, I dont think there will be 100% no internet on this planet.
Our situation is really on a disaster. So far the strong movement has been going on and now it is going on to arrest those who are with the movement. Already our dictator's forces are taking away our students from their homes and hostels, many of them are nowhere to be found. And besides, we currently have to use social media using VPN. And today I have to use VPN to access bitcointalk and Altcointalk forums. I myself am afraid when the police come to my house. So strict surveillance is being made that those who have posted related to this movement on social media are also being arrested. Already 2500 students have been arrested for protesting.

I don't think that satellite internet would solve anything, at least for most of the people, and it's not available everywhere.
Interesting that regions that have no-flight zone are also facing the issue of satellite internet not working, so think about that, no planes in sky means no internet.
There is a way to make bitcoin transactions without internet, but again it's complicated for most people, and I am not even sure that cards and bank payments can work without internet.
Cash is the king.
To be honest. It is the hard truth I'm realizing it the Cash is the king :") . You are right most of the bank services are also off in these five days luckily I have the enough cash to lead these five days  :)

Offline electronicash

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    2500 Posts One year Anniversary Poll Starter

you just be lucky that the internet blackout just lasted for 5 days.  i heard of this protests where death toll goes up to 200 deaths already?
for a business that relies solely to the internet, it will really be a pain in the ass if the internet is just shutdown for 5 days. business owners will likely join the protest if it goes beyond 5 days. financial transactions these days are often just done through the internet.  its like the government is cutting the line.

if you are a prepper and a Bitcoiner, i guess you are still out of option but to wait till there is an internet connection.

 

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