Post
Topic
Board Economics
Re: Can bitcoin survive without the Internet?
by
blumangroup
on 01/08/2014, 00:30:26 UTC
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?  
The internet has only been around for a short time, however our economy and population is heavily dependent on it. If the internet were to somehow "disappear" overnight then much of the economy would be in ruins, which would cause people to unable to be able to buy food and/or medical supplies and/or be able to treat a number of medical aliments that the internet helps treat (via diagnosis, treatment, gathering of data, ect.)