Post
Topic
Board Bitcoin Discussion
Re: What happens if internet connectivity gets terminated
by
milani
on 25/01/2021, 14:34:29 UTC
Came to a bank to repay monthly premium for the loan taken providing gold as collateral. I reached the support executive to know the total amount to be paid to get the collateral submitted. The internet connection has got some issue, and I wasn't able to get the required details. By the time it remembered me of the bitcoin into banking where everything is interconnected.

Right now each and everything is connected with internet and technology. The future of banking might happen through blockchain technology and bitcoin in mass adoption. By that time what will happen with the banking process if there happens a termination of internet connectivity for few days time.

In case something like that happens, so, yes it may be a collapse on a global scale. But it must happen something really extraordinary in order to get a situation without connection to the Internet and for some days. It may bring lots of demage, but even in case something could happen it would be for some period of time, and after all people would deal with the consequences. In my opinion nothing bad would happen to Bitcoin in such case - the Internet would be connected again and everything would be ok.