When Crypto has replaced Fiat, but then the internet is shutdown!!!

[Luciferludz 1442]

That's true if crypto will replace fiat the internet must shut down, because this is impossible to be happened. Cryptocurrencies will only be replaced fiat in price but not in use

[tienda 8776]

Is possible many people will suffer, but not just cryptocurrencies who receive the bad news also all things on the world, now all services and things systems works with internet.

[duncun007 3577]

9 hours ago, SyntaxEr. said:

Nope that is not a problem for them too because like what you said total internet shutdown means no one can access their bitcoin so the price and market movement will not change the time when internet was shutdown.

ok my friend seem like arguing with you only lead to a dead end because how do you think the price of bitcoin will not be affected when the power is back? if something like that happened for real you will see the price plunge when the power and internet is back.

[BitMart 326]

This is not easy task as Bitcoin and cryptocoins replace fiat and Internet shutdown because its going to take nearly one or more century around the globe too many countries those still have too many issues with electercity and basic needs of humans right now this can creat problems for developed countries but its also very less chance as too many companies investing billions of $ for latest technology and development of Internet so I am not going with this as its going to happen.

[SyntaxEr. 709]

13 hours ago, duncun007 said:

ok my friend seem like arguing with you only lead to a dead end because how do you think the price of bitcoin will not be affected when the power is back? if something like that happened for real you will see the price plunge when the power and internet is back.

Because the market is in total freeze that is why it is unaffected. Haha im just explaining my point to you but it seems you didnt get my point.

[Tine0313 3053]

Well i think it is impossoble that internet will be shutdown because we are living in the era where technology is very advance. We have a lot of good scientists, computer experts and many more that can develop the internet and not making it shutdown.

[vivek sharma 34]

well crypto wiill definitely replace th fiat in future. Same is the case for internet when it is its early stages no one ready to adopt it but with the passage of time it has became the necessity now. 

[Agios 1763]

Although this is not possible, because no one country is willing to replace fiat money with Bitcoin and Altcoin, but if this happens we return to prehistoric times, with barter as an exchange.

[duncun007 3577]

17 hours ago, Tine0313 said:

Well i think it is impossoble that internet will be shutdown because we are living in the era where technology is very advance. We have a lot of good scientists, computer experts and many more that can develop the internet and not making it shutdown.

yea its a far fetched theory that the world will be without internet for so long that it will actually affect bitcoin because nowadays we live on the internet more than we live in real life.

[Tine0313 3053]

3 hours ago, duncun007 said:

yea its a far fetched theory that the world will be without internet for so long that it will actually affect bitcoin because nowadays we live on the internet more than we live in real life.

That's right mate, the theory about shutting down the internet world wide is vey impossible. So if you ever have bitcoin in your e wallet and fiat currency is totally replaced by it, don't be afraid because we are living in the era of technology.

[Fahad1345 17]

I'm new to this forum so I have no idea. But I would like to know. If anyone knows, please let me know. I would also like to know.

[pangitmo 186]

On 11/26/2019 at 10:01 PM, faceless said:

I was thinking, what if Bitcoin and other altcoins has replaced fiat money and fiat has gone extinct. Then in few years the internet is shutdown, that means no transactions no food, maybe people will go back to barter trade but then some will suffer as they will have nothing to offer.

 

What exactly do you think will happen then.

That will not happen if we are all still living. That will just happen once we are all dead, when living things are all gone.

[duncun007 3577]

13 hours ago, Tine0313 said:

That's right mate, the theory about shutting down the internet world wide is vey impossible. So if you ever have bitcoin in your e wallet and fiat currency is totally replaced by it, don't be afraid because we are living in the era of technology.

i am certainly not afraid of this happening because as you said we live in an era that is centered about electricity and internet so i dont think any of these two will be gone

[Emma 611]

On 12/11/2019 at 11:01 AM, duncun007 said:

yea its a far fetched theory that the world will be without internet for so long that it will actually affect bitcoin because nowadays we live on the internet more than we live in real life.

Well said dear friend. at present we rely on internet than all other things in our daily life. so, it is really difficult to close the internet in future.

[duncun007 3577]

3 minutes ago, Emma said:

Well said dear friend. at present we rely on internet than all other things in our daily life. so, it is really difficult to close the internet in future.

yea but i think watching shows like mr robot shows that the online life can be shattered to pieces by hackers and they can actually do so much damage..hope that dont come to happen in our life.

[patitaycute 648]

For me, crypto currency can't replace flat currency because government can regulate and manipulate the transactions because it was decentralized. The issues also of using crypto on terrorism and money laundering are also the factor of why crypto can't replace flat currency.

[rajonmia 181]

I never think so. Because in this world no one wait for a second without internet. If it will happen we can face huge problems. Not only for transection.

[guatazoo 7150]

On 12/11/2019 at 3:39 PM, Loselos said:

Ohh no it's not good to see this I think you much need to charge your mobile phone all time while you trade

Lol how is internet shutting down have anything to do with your mobile phone charge?

Edited January 5, 2020 by guatazoo

[Sagor 500]

I think fiat will not be replaced by fiat very soon. in future it may be happen but then the network condition will be so strong and it will not broken any time.

[Soaib khan 1035]

maybe crypto currency not replace flat currency because in some country crypto banned also in my country crypto is illegal.many peoples not know about crypto

[suzuya 945]

I think it's impossible for crypto to replace fiat because government won't let that happen especially because it's clear that we can not access our money once we don't have any access in internet. Once the internet shuts down there will be no way for us to access our crypto balance and cryptocurrency will be useless because transactions with the use of crypto will not be available. 

[gigabyteRTX 1583]

That's the reason why I'm too against in the thing that fiat will be totally replaced by the cryptocurrency because if this thing happens then, all the money we have in the form of crypto may be gone and can be easily stolen, I'm not against to technology or new innovation, but I'm just thinking all angles if this new innovation can be good or bad.

[Sahbana 212]

It is true that if the internet dies and technology becomes extinct then Bitcoin cannot be used. The only transaction that can be used is by way of barter or it can also use gold and silver as the currency in effect at that time.

[Oxygen 1004]

On 11/26/2019 at 7:01 PM, faceless said:

I was thinking, what if Bitcoin and other altcoins has replaced fiat money and fiat has gone extinct. Then in few years the internet is shutdown, that means no transactions no food, maybe people will go back to barter trade but then some will suffer as they will have nothing to offer.

 

What exactly do you think will happen then.

That is why we can not put behind the importance of fita currencies. It is better for both of types fiat and crypto to run alongside with one another. That will help the world and create ease of financial transactions as well as earnings.

[Brushless4500KV 4214]

On 12/9/2019 at 6:41 AM, Shahadatbd said:

This time anyone can't transfer there money anyway. All currency will be in blocked for internet. Day by day world become useless and a hurt conditions. So cryptocurrency need internet if anytime it take the place of fiat currency.

There is not a direct relationship between internet shutdown and fiat replacement by crypto. Even when there was no crypto, internet still existed and people purchased and traded with fiat currencies. Internet is not only used for sending money. It has many other applications such as doing researches, finding information and hosting videos and pictures. I think exactly the opposite. If crypto replaces fiat, internet will be more necessary because people need to stay online all the time to spend their crypto coins or trade with them.