If cryptocurrencies disappear - how will your life change ?

[DrBeer]

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

[0t3p0t]

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

If crypto is gone my journey would not end there in the search for financial freedom but it will have a huge impact on the progress and it will change my course and start all over again like finding real day jobs so I still have source of income but I know that is tough considering I am a college drop-out and has weak immune system maybe I will look for work from home opportunities or maybe get a vocational course for a special skill to survive.

[DrBeer]

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

If crypto is gone my journey would not end there in the search for financial freedom but it will have a huge impact on the progress and it will change my course and start all over again like finding real day jobs so I still have source of income but I know that is tough considering I am a college drop-out and has weak immune system maybe I will look for work from home opportunities or maybe get a vocational course for a special skill to survive.

That's one way of looking at it. In addition to the loss of assets, indeed some people will have to find a replacement for their main job (if cryptocurrency was the main source of income), or an additional part-time job (as for a lot of people).

For me, for example, the problem will be the loss of a convenient, comfortable investment mechanism, which is weakly exposed to external influences.

[electronicash]

cryptocurrencies disappearing is a make up itself. i'm sure the answers will also be a make up.

going back to what we have back when no cryptocurrency yet has been created is not so difficult but the companies we have before the covid was still running. today those companies are already gone. even the restaurants that i used to eat a few blocks away is already closed. life has changed after covid. crypto disappearing, it will affect everyone in crypt industry even the whales who already put more of their assets in crypto. 

[Findingnemo]

First of all crypto currencies can't disappear, the blockchain is stored on everyone who runs the node which means anyone can retrieve the data if it's gone somewhere else and that's the decentralisation but if you still insist the only way for the blockchain to disappear completely then someone has to destroy every node from all around the world which is not realistic or something happens like asteroid hits us but we don't really worry about cryptos or anything at that time, for the fact humankind will cease to exist at that point.

[DrBeer]

First of all crypto currencies can't disappear, the blockchain is stored on everyone who runs the node which means anyone can retrieve the data if it's gone somewhere else and that's the decentralisation but if you still insist the only way for the blockchain to disappear completely then someone has to destroy every node from all around the world which is not realistic or something happens like asteroid hits us but we don't really worry about cryptos or anything at that time, for the fact humankind will cease to exist at that point.

One possible real-world scenario is the destruction of the core infrastructure of the global Internet, when it will be defragmented into unconnected segments that will not be able to interact.... How would blockchain work in such a situation?  In fact, we can think of quite realistic scenarios when cryptocurrencies will be knocked out

[JoyMarsha]

I have been living my life before I got to know about crypto. If I should wake up someday and find out crypto is not in existence anymore, I will take it as one of those things one sees in life, that nothing lasts forever, and one shouldn't depend their life on what they don't have control over its future. It's better they have another source of income; in case one business closes, there are others to support them financially.

[PrivateKayla]

I have been living my life before I got to know about crypto. If I should wake up someday and find out crypto is not in existence anymore, I will take it as one of those things one sees in life, that nothing lasts forever, and one shouldn't depend their life on what they don't have control over its future. It's better they have another source of income; in case one business closes, there are others to support them financially.

100% agree with you. Crypto is not the be-all, end-all of my existence. It's just an investment tool. If it's gone tomorrow then I'll just look for another way to invest.

[bitterguy28]

a lot of my saved up money if not almost all are in cryptocurrency i am also getting my salary in the form of cryptocurrency so if all this stopped and disappeared i would be in deep trouble

i would potentially lose all my money and i would have no source of income and the money i had saved for emergency purposes would not be enough to keep me alive for more than a month so hopefully nothing of that sort happens though i think that is a very unlikely scenario

[DrBeer]

Another conclusion that can be made is that we should diversify our income or develop additional knowledge and professional skills so that in case of any incidents we will not be left without income and the ability to provide for our living needs.

By the way, one more of the scenarios, quite real, when cryptocurrencies, at least become unusable or inaccessible: my country, Ukraine, for the second day terrorist state is bombarded by ballistic missiles, guided missiles, kamikaze drones. In addition to terrorist strikes on residential neighborhoods to terrorize and intimidate the civilian population, the main strikes are carried out on infrastructure - primarily elements of power generation and energy distribution. As you understand - this can lead, among other things, to global problems related to the unavailability of the Internet, if data centers and traffic consolidation points are de-energized or destroyed for a long period of time.

I propose to expand the topic a bit, and voice other scenarios in which cryptocurrencies will be unavailable to us for a certain significant period of time

[hugeblack]

These networks are decentralized, meaning that if you find that the Bitcoin network does not exist, you can manage a network and then start the return of Bitcoin again, as the current network is nothing but a collection of several decentralized nodes. But if we assume that a major failure occurred, the global economy will certainly not be affected, but investors will be affected, and over time, alternative investments will be found.

[bisdak40]

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

If crypto is gone my journey would not end there in the search for financial freedom but it will have a huge impact on the progress and it will change my course and start all over again like finding real day jobs so I still have source of income but I know that is tough considering I am a college drop-out and has weak immune system maybe I will look for work from home opportunities or maybe get a vocational course for a special skill to survive.

That's one way of looking at it. In addition to the loss of assets, indeed some people will have to find a replacement for their main job (if cryptocurrency was the main source of income), or an additional part-time job (as for a lot of people).

For me, for example, the problem will be the loss of a convenient, comfortable investment mechanism, which is weakly exposed to external influences.

If cryptocurrency disappears I will have a loss of assets because cryptocurrency is one of my ways to earn extra income for daily living expenses. Without crypto, I will need to seek another way to make extra income.

[MUGNIA]

I think my life will return to normal, by opening a food stall, to continue our lives, why be sad if crypto disappears, especially if we don't have any assets in crypto, but if I have assets above 10k$ and they disappear like that, I might go crazy

[Findingnemo]

One possible real-world scenario is the destruction of the core infrastructure of the global Internet, when it will be defragmented into unconnected segments that will not be able to interact.... How would blockchain work in such a situation?  In fact, we can think of quite realistic scenarios when cryptocurrencies will be knocked out

If there's world wide internet blackout for few hours it will leads to certain range of destructions that includes pretty much everything not just finance or money so if that's happening then we got bigger problems to worry which means it's close to impossible to reach place we won't longer be able to access internet again, it almost like going back to the old age which I don't think can possible at all.

[DrBeer]

One possible real-world scenario is the destruction of the core infrastructure of the global Internet, when it will be defragmented into unconnected segments that will not be able to interact.... How would blockchain work in such a situation?  In fact, we can think of quite realistic scenarios when cryptocurrencies will be knocked out

If there's world wide internet blackout for few hours it will leads to certain range of destructions that includes pretty much everything not just finance or money so if that's happening then we got bigger problems to worry which means it's close to impossible to reach place we won't longer be able to access internet again, it almost like going back to the old age which I don't think can possible at all.

From personal experience - if you find yourself in a territory under global attack, such as my country, Ukraine, suffering from a large-scale terrorist attack since 2022, there are a lot of cities and areas where you are highly likely to have no internet and no way to leave safely, much less use cryptocurrency.... This is a very realistic scenario, provided the global network is up and running