In my opinion bitcoin are exist just because of internet and when you shut down the internet bitcoin community will disappear.
Sadly he's right
How will the Bitcoin community survive with it the internet? How will we trade our coins? How will the average user even get a hold of a Bitcoin without going through so much trouble like ringing around or exchanging in person?
It'll be impossible for Bitcoin to grow any further if the internet is off. It'll be impossible for Bitcoin to SURVIVE. It just won't happen.
As much as all of us dreamers want to believe that radio waves can submit transactions that's not what it is about. Besides, there will be much larger worries than Bitcoin if the internet does in fact shut off.
Exactly... There are bigger worries if the internet dies as opposed to worrying about what will happen to Bitcoin.
Chances are, however, that those with physical Bitcoins will start laughing at us (Maybe).
In all honesty, internet dies, 40% of population dies, banking dies, and we return to the dark ages.
You know the internet only existed since 90s, dont you?
And are you aware how dependent we are on the internet now?
Power, banking, basic necessities (Ordering and the like), this forum (And every other forum), people's facebook dependency, Some phone systems now (Some ISPs also provide phone service via Wifi), manufacturing, etc, are connected via the internet.
Pre-90s was when there WASN'T any of this connection. Now, everything migrated to the internet, and we're now really dependent on its survival.
You can't buy a plane ticket online if the internet goes down, and you can sometimes buy it at the door. How are your manufacturing managers supposed to communicate with China once satellite and wifi service is down?
Basic utilities are often monitored via the internet, or information/changes that have to be made are shuttled back-and-forth via the internet.
Oh, the internet went down? Guess we won't know about the electrical station that stopped working, and no-one can call us since the power's out...
Yeah so we'll be inconvenienced. I doubt 40% of the population will die. We will adapt somehow