Re: Could Bitcoin still exist if the internet was shut down worldwide for a week?
That is impossible, governments will never let that happen because it will cause extremely serious consequences and damage to the global economy.
Remember the CrowdStrike incident in 2024 that left over 8.5 million Windows devices offline. The result was a series of incidents and disruptions from government agencies, airlines, hospitals and banks, all of which were forced to shut down and fall into chaos. Although there are no official reports, damage estimates run into billions of dollars. Imagine what would happen to our economy if the global internet stopped working. Therefore, a global Internet shutdown is almost impossible.
Remember the CrowdStrike incident in 2024 that left over 8.5 million Windows devices offline. The result was a series of incidents and disruptions from government agencies, airlines, hospitals and banks, all of which were forced to shut down and fall into chaos. Although there are no official reports, damage estimates run into billions of dollars. Imagine what would happen to our economy if the global internet stopped working. Therefore, a global Internet shutdown is almost impossible.
Of course they won't. The only way this can work is if governments "reset" the Internet, giving businesses ample time to jump back in. But would cause a temporary disruption in the economy. The cost of taking down Bitcoin by shutting down the Internet is simply not worth it.
Either governments embrace the revolution or get left behind in the dust. They're already joining the Bitcoin bandwagon by regulating it. With KYC checks and whatnot, they will be able to enforce partial control over Bitcoin. Most governments are already taxing Bitcoin, so they have nothing to lose. I'm sure that one way or another, Bitcoin will survive. Just my opinion
