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

[Sasaki 171]

Fiat money will still live it just that crypto can be replace by fiat in some ways, and Internet I think it will not just shutdown immediately because no one had it in the first place. 

[Rickso 768]

On 11/26/2019 at 3:01 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.

well is not that easy both of the things you said.

i don't think that cryptocurrencies will replace fiat money, as for now is like impossible that this can happen.

i also don't think that internet will stop working, and if he does so there will be another method so there is nothing to worry

[Interface User 1070]

I think there's many ways to avoid that problem. One of this is, crypto currency cannot replace fiat system but still it can become alternative payment options because as we know it's volatility is hard to manage in normal pricing of goods. Other is, Internet cannot be stop because the network expand more.

[phpMailz 568]

Well when cryptocurrency replace flat it will be a glorious time for cryptocurrency traders but the internet shutdown will be the end of civilization not just cryptocurrency everything we have develop will be effected.

[Wijayafajar06 274]

Fiat currency will never be extinct because it is the official currency in the world and every digital currency country will be an additional currency that functions the same as paper currency if the internet is turned off then digital currency can no longer be used and fiat money is still valid.

[Sabba092 115]

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.

I do not think that crypto can replace the fiat. But I wanna say that USDT is a big alternate. As this  is stable.

[bentayebsalah 2280]

The Internet will not be interrupted, and it is impossible to do so because it has become an integral part of everyone's life. Therefore, I believe that Crypto will not face any problem if it is replaced with FIAT currencies.

[andrehol 16294]

Elon Musk is actively working on this problem! Soon the Internet will be public and free. If there are power outages, then this is not for long. so you should not be afraid of disconnecting the Internet in the future.

[Sapdrx 469]

On 11/26/2019 at 3:01 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's also a threath that is luring today. The amount of cash in the market is actually too low. If the Internet shuts down today we will experience the same as what you are saying. Bartering in goods is the next best thing.

[Ovis25 135]

On 11/27/2019 at 4:35 PM, Sumayya said:

There will be prevention for that to happen. It will not be allowed to Happened, the internet will be monitored so much that it will not go off even for a second

Out are not far from the truth, there have to prevent it from happening. If the internet go off for e seconds it will definitely results to a great damage, including assets.

[Opinder 1310]

On 11/26/2019 at 7:31 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.

I think if internet shutdown then it would create problem for sometime. But companies would create new technology to transfer crypto through bluetooth or data cable etc. If one technology fails new technology comes in the market.  It is starting of crypto but with time crypto companies would come with many solutions for problems of crypto.

[deepown 0]

I don't real know how the internet works, but i doubt it be shutdown buy anybody.

[Hatred 1388]

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.

If that happen, they can't take back fiat currency again. Even they do barter trade, the extinct currency will not go back. But before that happen, we cna expect that cryptocurrency will be physical also that even internet shutdowns, it will continue to work.

[Amirul Islam 382]

On 11/26/2019 at 8:01 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.

Recently I also thought about that. And after that I got my answer. In 2019 we saw that bitcoin satellite sent to space. We can make transaction even we are in offline. There will be no issue if no internet.

[simizip76 67]

50 minutes ago, reioniichan said:

That is actually one reason why Crypto will never replace fiat. Native currencies are the backbone of a nation's economy, while crypto has no real underlying value.

I have no idea about this topic and i don't know if this is even real in my opinion fiat can never replace bitcoin because it is very valued currency.

[Amir YT 202]

On 11/26/2019 at 8:01 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.

I also thought about that if internet is gone shutdown what will happen to the market. After i found some interesting information. Developers upgradig crypto system. In 2019 we saw some satelite sent to space for this. We can access our crpto wallet without internet in future.

[Bohana 2143]

I don't think that crypto will ever replace fiat. It's just how the world works and had been working.

[Hanan951 841]

I dont think that fiat will die that soon also it may be one of the way to payment in the future.

[BTC Future 3946]

On 11/26/2019 at 4:01 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.

I think that we would be having more serious issues to care about if the internet goes down. This would mean that a major disaster has occured and that we as humanity will be in danger. Noone would actually care about Bitcoin if anything like that ever happens.

[Captain Karim 0]

This means that the whole world is entering a very turbulent situation, and people may return to using gold and silver in their buying and selling.

[lifelline1262 15]

Internet can't be shut down and this can't be happening in this world, internet is still stable And nothing can stop it

[rekter 8129]

On 11/26/2019 at 4:01 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.

Bank networks get closed all the time for maintenance, the changes that the whole communication system where nodes couldn't connect even for for a while haven't happened and i am not sure why it suddenly would happen. Brief communication shortages is not dangerous.

[deepown 0]

On 3/4/2020 at 11:44 AM, lifelline1262 said:

Internet can't be shut down and this can't be happening in this world, internet is still stable And nothing can stop it

Never be so sure, things happens and they ruin people because people are being already used to something else, always learn to have a backup plan.

[Ridam 7455]

It is only in thought bro, because i don't think Crypto will ever replaced fiat as the fiat is completely different from Crypto in all aspects that's why fiat will always outstand but if such things happens and internet shutdown everyone will start starvation and violence for food would be increased.

[Ayush Singh 1175]

I have seen many users with the same mindset they think that Bitcoin and any other altcoins of Crypto can easily dominate fiat coins but according to my experience and my knowledge I don't think that any of the digital coin has that much potential to dominate Fiat coins.