/biz/ - Business & Finance

[Anonymous No.58349902]

So what happens to your 'bitcoins' and your 'crypto' if the internet gets turned off, hm?

[Anonymous No.58349910]

>>58349902
if the internet gets turned off your mother is probably getting fucked in the butt so maybe worry about that first before you worry about my coins

[Anonymous No.58349920]

>>58349910
no. you're just mad cos I exposed a flaw your own tiny mind could never have thought of alone

[Anonymous No.58349928]

>>58349920
yeah i'm so mad

[Anonymous No.58349933]

also here's the answer, retard: nothing happens to'em

[Anonymous No.58349940]

>>58349928
>>58349933

> he actually replied twice

sweet dubs tho my n-word

[Anonymous No.58349980]

>>58349902
Same thing that happens to precious metals, becomes worthless as there's no exchanges where the value is set. No Binance/Kraken/LMBA/COMEX etc = no price.
>>58349940
>plebbitspacing
Why am I not surprised.

[Anonymous No.58349985]

>>58349902
Same thing that happens to precious metals, becomes worthless as there's no exchanges where the value is set. No Binance/Kraken/LBMA/COMEX etc = no price.
>>58349940
>plebbitspacing
Why am I not surprised.

[Anonymous No.58350038]

>>58349985
t. newfag, how was it coming here for the first time in 2017?

[Anonymous No.58350048]

Technically nothing


If worldwide internet isnt restored but some local networks are then there would be local forks in each network continuing the chain and transactions

[Anonymous No.58350054]

>>58350048
not if the poles switch bud

[Anonymous No.58350077]

>>58350054
Youre citing a "pole switch" as a gotcha for bitcoin not working. Brother, if the poles switch were going to be living in mad max land. What comes after that will make Haiti look like a well functioning society.

[Anonymous No.58350141]

>>58350077
you've convinced me t b h bud, I'm going full steam ahead BTC starting today

[Anonymous No.58350172]

>>58349902
>So what happens to your 'bitcoins' and your 'crypto' if the internet gets turned off, hm?
you can create a wallet for receiving bitcoins on computer without internet access and you can pass it to someone else by giving them the key as information

[Anonymous No.58350188]

>>58350172
not if the poles switch pal

[Anonymous No.58350194]

>>58350188
you can create a bitcoin wallet while in another star system

[Anonymous No.58350200]

>>58349920
banking also wouldn't work anymore.

[Anonymous No.58350220]

>>58349902
If the internet was turned off , then the worst Y2K predictions would unironically happen, it's hilarious we totally forgot about it in 20 years

[Anonymous No.58350222]

>>58350200
All, and I mean all, of my fictional wealth is stored in land and assets, metals and coin. Some of which consists of allodial title, immune to eminent domain. I also have a vegetable patch

[Anonymous No.58350223]

>>58350194
I like this idea anon. any tips on how to get started
? despite my skepticism I am always keen to diversify.

[Anonymous No.58350226]

>>58350223
>how to get started
read sci-fi
>The Council Wars is a book series by John Ringo, published by Baen. It is a combination of science fiction, military science fiction, and high fantasy.
>series explores the chaos that ensues after a high tech civilization collapses on Earth. The series is set several thousand years in the future, in a society with advanced nanotechnology, teleportation, and other technologies which effectively are magical in the sense of Clarke's law made real, all controlled and coordinated by an artificial intelligence called Mother.
>The abundant power and technology allows long lives, powerful genetic engineering that includes the ability to turn into a merman or dolphin, the ability to have homes on mountain tops in the Himalayas or in deep volcanos, and free flight. Despite—or perhaps because of—an idyllic world, technology is stagnant, no great art has been produced in generations, and the human population is dropping slowly.

>Mother, who controls all the systems on Earth, as well as in near-Earth space and the Wolf 359 colonization project, is controlled by a Council of thirteen Key Holders who can change system directives and, if unanimous, change even her kernel-level programming. The council has split into two philosophical factions, and is in a battle for whose ideals will dominate the future of the human race. When one of the Council members dies without a clear successor to their Key, the faction split becomes numerically balanced. That faction split leads to war: something humans have not had for over a millennium.

[Anonymous No.58350412]

https://news.bitcoin.com/no-internet-no-problem-how-to-send-bitcoin-by-amateur-radio/

Yeah I wonder if btc maxis aren't schizo, and already thought about this

[Anonymous No.58350459]

>>58349910
>Fucking mother
>Butt = poo

Sukhdeep stop it

[Anonymous No.58350486]

>>58349902
the same as you bank account

[Anonymous No.58350508]

>>58349902
Even if Russia attacks the subsea cable, it won't affect the the critical infractructure since there are other connections between the continents for emergency (satellites).

[Anonymous No.58350519]

>>58350412
>https://news.bitcoin.com/no-internet-no-problem-how-to-send-bitcoin-by-amateur-radio/
idiot. it's when your firewalled or local ISP is down, not if the nodes' internet is down.

[Anonymous No.58350568]

>>58349940
>n-word
You afraid to say nigger, nigger? Are you some kind of nigger?

[Anonymous No.58350586]

>>58350038
>randomly calls people newfags because they hurt your feelings
kek you fomo'd into silver, didn't you, he hit a nerve there with that post didn't he

[Anonymous No.58350599]

>>58350568
not only did he shy away from writing nigger but he also plebbitspaced in the very same post

[Anonymous No.58350650]

>>58350586
>kek you fomo'd into silver,
LOL

[Anonymous No.58350708]

>>58349902
I can run my own node on a local network.

[Anonymous No.58350721]

>>58350054
>>58350188
Ok retard, at least get your apocalyptic scenarios correct. A pole switch won't do anything. What I think you trying to say is a Carrington event level CME.

[Anonymous No.58350729]

>>58350222
Anon, if there is a civilization destroying scenario. Your gold won't be worth much.
The real valuable things will be bullets, cigarettes and seeds.

[Anonymous No.58350758]

>>58350222
Well if you have a big family and everybody own guns and is willing to stand for eachother, then I concede that you might in fact have that private property in such a catastrophic scenario. Otherwise if you're relying on cops, you can forget that, they wouldn't "serve" and "protect" you if all of sudden they can't get paid and can't access their savings.

BTW the BTC blockchain just need a means of communication. The protocol would survive without the internet just fine, they'd broadcast the transactions by radio probably.

[Anonymous No.58350785]

all goes to zero

[Anonymous No.58351012]

>>58350586
>>58350599

I prefer saying n-word, it makes me giggle. nigger, or 'nigga', is simply too ordinary for the likes of me. *doths cap*.

My spacing is simply that of a qualified financial professional! Sorry it triggered you, *doths cap*, *lights cigar, winking knowingly*.

[Anonymous No.58351048]

>>58350729
Sure the rapture might occur, but at least I'll still have my gold!

[Anonymous No.58352616]

>>58349902
Same thing that happens to your stocks in your brookers account

[Anonymous No.58352618]

>>58350650
It's hard to imagine, but many plebbitors actually did feel genuine FOMO about silver.

[Anonymous No.58353056]

>>58349902
>internet gets turned off
Ok boomer

[Anonymous No.58353983]

>>58353056

That's someones son.

[Anonymous No.58354111]

Reminder that OP is an incredibly low IQ boomer goldfag, he makes a new drooling bait thread where he makes some idiotic seethe commentary on bitcoin or crypto once or twice per day. Its easy to spot his posts when you stop pretending it is someone new doing it each time, for example his posts will often just be reiterating something Peter Schiff might have said. He has a learning disability or something so just insult him and move on.

[Anonymous No.58354132]

>Once society goes back to the stone age my shiny rocks will be worth something and my real life will begin

[Anonymous No.58354793]

>>58353983
You ugly. you you're daddy's son

[Anonymous No.58354842]

crypto use cases:
>what happens if you want to leave your country by plane carrying your networth with you?
gold use cases:
>what happens if electricity stops working and the world explodes

[Anonymous No.58354876]

>>58349902
>no one can buy no one can sell
who cares

[Anonymous No.58354880]

>>58349902
literally nothing.
it would take one day untill most acustic nerds had secondary internet running that would be peer to peer. it would take few weeks untill there would be local mesh networks around the world covering countries and months untill it would cover entire planet.

most crytos would stop working untill it had good coverage and old pools would turn on and everything would continue. gov would get fucked so hard i doupt they will do it unless they can make longlasting EMP.

[Anonymous No.58354910]

>>58350412
>>58350758
>broadcast by radio
You know nothing about HF radio, its limitation and how nearly impossible it would be to maintain consensus, let alone broadcast transactions. Nice idea, but its purely a pipe dream only theoretically possible but not functionally.

[Anonymous No.58355407]

>>58354876
>muh bitcoin halving
miners block rewards cut in half tho
>price gongo to 100k by eoy, no matter
miners block rewards cut in half tho
>zoom out, bitcoin dumped how many time? miners never sell
miners block rewards cut in half tho
>don't matter, bitcoin hedge against inflation
miners block rewards CUT IN HALF RETARD!

miners block rewards cut in half tho
>
>b-b-but bitcoin gongo up, less supply
miners block rewards cut in half tho

[Anonymous No.58355476]

We keep the blockchain running by morsecode, smoke signals and messenger pigeons.

[Anonymous No.58355610]

>>58349920
He’s mad because he tried to warn you about what’s happening with your mother

[Anonymous No.58355695]

>>58355407
This guy gets it. Halvings will be the death of Bitcoin.

[Anonymous No.58356583]

>>58349902
Same thing that happens to the USD you have in your bank accounts lmao

[Anonymous No.58356616]

>>58355695
>god damn, it's so cool that this currency deflates. It's like it just always becomes more valuable because it becomes more scarce
>becomes unusable as currency

Doge will overtake bitcoin and I will be a zillionair.

[Anonymous No.58357372]

OP here, u all got trolled big time, thanks for playing and better luck next time xD

[Anonymous No.58358436]

If the internet completely disappears, Bitcoin vanishing is the least of your problems. All banks, utilities, pipelines, transportation, communications, and major modern infrastructure also rely on it heavily. Worry about not getting raped while finding dinner, first, that would be pandemonium.