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

[magd 5231]

This is just to imagine the internet impossible to become extinct, but I do not think that cryptocurrencies may replace fiat currencies because many governments refuse encryption until now and there will not be a government that gives up its national currency for cryptocurrencies

[Amir Vao 341]

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.

Everything has some limitations. In the bitcoin these are some limitations. But I think it will be solved. Many developers trying to solve the problems.

[BitcryptoHan 2557]

This will happen only if the world is controlled by only one government, internet of a nation can be short down and it is temporary but for the whole world internet to shut down is what can not happen and if happen, it will not belong because many things are at risk. 

[Rezort 846]

Wait, why would the internet be shut down, cryptocurrencies work only with the existence of net, so crypto cannot replace fiat currencies without using technologies of the internet.

[ETheHedgehog 3104]

this is one of the main concerns of moving into an all digital all automated world, if anything happens to one thing everything stops and the world halts

[Upright 2688]

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.

How will the internet even ceased to exist, as on most scales, the internet is the drive on nearly every new technology out there, ad I think even being a futurist on such fiction, Mate!!! It's not possible like that,  and if it happens an alternative of internet would be created

[malik6314193 5449]

I don't think it will happen. Now world is progressing and shutting down of internet will be impossible. And as you are saying crypto currencies will overcome fiat currencies, i am agree with this point. 

[Treat1234 0]

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.

Unfortunately the crypto cannot replace fiat because there are many changes that will happen during that time and cryptocurrency will die to make that happen.

[Mohssine 1725]

For that , cryptocurrency is not replace the fiat currency yet , but I think all this problem will fixed , everything have a solution , so before replace cryptocurrency the fiat currency , all the problem will fixed .

[koussai999 1986]

I think it will actually be dangerous, but at the same time I do not think that the financial system for crypto currencies will be fully adopted without finding solutions to such problems that may cause giant problems.

[Honny143 13612]

Yes mate this the main disadvantage of crypto currencies because crypto survive only in online are internet, your imagination also right what happen when internet stop are fail then we can't use this currency, so I strongly believe crypto never replace fiat currency.

[Virgil dijk 1431]

Well dear friend I can boldly tell you that cryptocurrencies won't replace fiat currencies, even if cryptocurrencies got mass adoption it will work with fiat currencies, and I can say in this present time there is no chance of internet being shut down.

[OkitteN 7054]

On 06.05.2020 at 13:05, dshuy20 said:

It's understandable because when the internet stops working, cryptocurrencies will definitely be meaningless. Cryptocurrencies are online money and it works only on the internet. so if you lose internet like a phone loses power and it won't work anymore

I agree with you. At this stage in the development of the world of cryptocurrencies, coins are tied to the Internet. I can not imagine how the world of cryptocurrencies can function without a global network. It is very pleasing that the Internet allows cryptocurrency market participants to communicate from all over the world and exchange experiences.

[Brand1 1336]

Two things are impossible to happen The first thing is to shut down the Internet and the second thing is that the cryptocurrencies replace the paper currencies, but it is possible that the cryptocurrencies work alongside the paper currencies

[DreamStage 2105]

Have you heard of radio signal frequencies? 😄

I guess not.... There are still waves / frequencies that can send your data to someone else without the needs of having internet.

 

That said you can google how its possible as i'm not going to give you a lesson on that so before making such topic you could at least make some research...

 

Nevertheless internet data are bytes which can also be sent in frequencies as "internet signals" or in that case wave signals.

[iloveyobit 6599]

The Internet is not a tangible thing in order to turn it off, and the world will die. Yes, perhaps the crypto will replace the real money, but it will be done through a safe passage from one system to another.

[Iriswolfgang 200]

On 11/27/2019 at 11:35 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

Cryptocurrency will never replace fiat because there are so much risk in that if that will happen so I think that cryptocurrencies will not replace fiat for its functions and I think that it will be great if they will not be compared to each other

[Omar Ommeish 4872]

I do not think that this can happen and if it does happen then we can go back to buying and selling using fiat currencies again.

[bitcoin-shark 1928]

In theory this is true and could also happen But I think they(governments) would never allow it Internet will never be unusable I stretch more than 2 seconds in a row so I think there is absolutely no need to worry about that...

[CryptoLover21 0]

I think it's impossible to replace fiat currency by the cryptocurrencies because fiat currency are the currency of their own country and one of the identity of the country. Even if it replace fiat currency, I don't think internet will shutdown.

[Moaz 7239]

First, Betcoin and altcoins cannot replace fiat currencies this cannot happen in my opinion because countries cannot allow the collapse of their national currency, and secondly I do not think that the internet will be closed for years

[Hatred 1388]

Well, I think if that happens, then we can't use the Cryptocurrency. Well as of now, we all know that crypto can only work if you have an internet. But if the internet will shutdown, I think crypto will not work. Even the exchanges, it will not work. Blockchain will not work if there is no internet.

[BTC Future 3946]

On 5/24/2020 at 5:56 PM, Brand1 said:

Two things are impossible to happen The first thing is to shut down the Internet and the second thing is that the cryptocurrencies replace the paper currencies, but it is possible that the cryptocurrencies work alongside the paper currencies

I guess that by paper currencies you mean the national fiat currencies and their future digital versions. Economies are moving to create cashless societies and paper money along with plastic cards will not exist for far too long. Everything will be digital and our mobiles along with other devices will be our wallets. Hopefully cryptocurrencies will lead the way.

[Zalaks007 543]

If cryptocurrency should replace fiat currency and then suddenly the network to shutdown, then it will definitely be a set back for the cryptocurrency market but if the both currency should work together, they will make the financial institute great. 

[Jeet Narayan 1940]

I don't think Bitcoin and others crypto currency will replace in fiat currency because both currency have own advantage and disadvantage. In internet lots of transaction happen due to crypto and also transaction happen due to fiat currency because there are lots of e wallet.