If internet terminated there is a lot of business and project will gone too like banking and bitcoin need to have internet connection to make transaction if we do not have internet we cannot send bitcoin to another wallet and also online banking does need it. Right now most of the businesses are using the internet because it is very useful to us now like doing transaction so once it's terminated many project will shutdown.

Almost Everything we do in todays world centres around connectivity through the internet.

Finance, communication, navigation, security, social interaction all depend on the internet.

Usually there is a minor disruption without internet for a few hours but with a few days
outage there would be a lot of disruption, everything above would be affected.

With banking specifically, well with their Fractional Reserve Banking practices they would
be in big trouble, people would need CASH for daily transactions for simply buying food
and fuel. The problem is that the banks would not have enough CASH reserves to meet
everyones requirements so they would have to close to prevent a "Run"
...so people would have no access to CASH or at best limited access to their deposits.

This is really strange they did not allow you to trade. What laws were you breaking by bartering?

In the EU you can trade at will for free, without any government interference, even if you make profit. If I remember correctly there's a law in my country which states that used things that belong to you and weren't purchased with the intent to trade like books, tools, clothes, can be sold tax free. You can place ads online and sell them for fiat or cash. That's why people rarely trade. It's much easier to price things.

Precisely. It is indeed an old school system which is totally different with Bitcoin.
Government may try to crack Bitcoin or other cryptocurrencies.
At the beginning, they may be winning but at the end they will be a loser, Bitcoin is designed to become decentralized that will no one can control it even the government.
Barter system is opposite of paying money, which paying money system or buying items/services comes with payment method that Bitcoin can be use.

The two situations are not comparable. For starters bitcoin is a global currency while the situation you explained is only a local one. Not to mention that a currency can not be taxed but an investment can and they have already done that so there isn't much left to do.
Besides the situation you explained was in a place where the government was starving for revenue so they had to do something, we aren't in that situation in 90% of the world. And bitcoin is not going to provide any more revenue for the government than it already does (taxing the traders).

At this point, I don't think the government will do anything drastically about Bitcoin. Not when institutions are rallying to buy it and billionaires are supporting it. You see... politicans do not rule the world. They are merely puppets. The billionaire Chamath Palihapitiya said it: "there are about 150 people who run the world – [they’re not politicians] anybody who wants to go into politics, they’re all f**king puppets.There are 150, and they’re all men, who run the world. They control most of the important assets and the money flows – they are not the tech entrepreneurs."

Paypal just wants to grab the attention the average Joe that heard about BTC in the news and would likely be interested in buying due to the increases in price it has registered.

Generally that kind of people don't have all the information about BTC and the crypto world (I'm not really sure they want to know as well). They just want an easy way to get on the wave and reap the benefits. Enter Paypal a trusted & established company that just adopted BTC and is "happy" to give the average Joe a way into this world.

The move from Paypal is a good move but only for their side, not for their customers ...

Seems like a good idea. It was getting out of control and it's encouraging them even more to create and market 1000000 new cryptos that just saturate the market...

I haven't seen anybody post about what would be my biggest worry if I were trying out alternative block chains. I realize this may be perceived as "Gavin is FUD'ding anything that isn't bitcoin!"  (FUD == Fear, Uncertainty and Doubt)  But I think some of you might be forgetting some basic computer security fundamentals in the excitement to be early adopters.

When I first heard about bitcoin, my questions were:

1) Can it possibly work (do the ideas for how it works make sense)?
2) Is it a scam?
3) If it is not a scam, could it open my computer up to viruses/trojans if I run it?

I answered those questions by:

1) Reading and understanding Satoshi's whitepaper.  Then thinking about it for a day or two and reading it again.
2) Finding out everything I could about the project.  I read every forum thread here (there were probably under a hundred threads back then) and read Satoshi's initial postings on the crypto mailing list.
3) Downloaded and skimmed the source code to see if it looked vulnerable to buffer overflow or other remotely exploitable attacks.

If I were going to experiment with an alternative block-chain, I'd go through the same process again. But I'm an old conservative fuddy-duddy.

If you want to take a risk on a brand-new alternative block-chain, I'd strongly suggest that you:

1) Run the software in a virtual machine or on a machine that doesn't contain anything valuable.
2) Don't invest more money or time than you can afford to lose.
3) Use a different passphrase at every exchange site.