"FBI Launches New Virtual Asset Unit Focuses on Blockchain and Seizure of Virtual Assets Including Cryptocurrencies"
(www.thegatewaypundit.com)
🚔 Crime & Corruption 💸
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I don't think you have any idea how "it" works
It’s obvious that “it” will simply disappear - poof - into thin air in the absence of the internet.
You ever considered what happens when the internet goes poof? You think bit coin will be the only casualty. Everything you do from driving down the highway will stop on a dime. Huge companies like Google or Amazon would become obsolete instantly. (Good News!) The power grids go down and massive power outages.
Here's the good news -- a total collapse of the internet would be almost impossible.
Are you also saying that a widespread and prolonged power grid failure is “almost impossible”?
NO not at all. Shutting down the internet world wide is almost impossible because of the effects on civilization that will not care what your political perspective is. Internet means grid. The internet has been and is a scourge on civilization and at this point it is too well ingrained in everything we own and do it would be like turning the clock back to the 1940's. That would not be bad from my perspective.
However, people would eventually adjust over time.
do you realize that "Internet stops" wont make anything disappear, right? ALL information, EVERYWHERE, is still on Hard Drives, and simply connection to another network would mean that everything still works?
Bitcoin isn't stored on "the internet", because "the internet" only stores information being passed along it, which arrives at the location and is either used and trashed or stored on a Hard Drive.
ALL CRYPTO ARE SAFE FROM AN GRID SHUTDOWN.
You are preaching to the choir. The internet is not going to shut down due to the destruction it would cause. It kills them as well.
Absence of the internet where?
And do you actually think that the internet will go POOF just like that?? Some crypto doesn’t even need the internet to exists. Helium (mining) and their nodes is a great example. Use a search engine to fine some more information about that. Think of the helium network like ham radios vs other cryptos like digital audio transmission such as Spotify. If internet goes down, spotify goes down, though a network of radio nodes like Helium would still stay online.
EDIT: actually that first part isn’t entirely true either. Blockchains, while they exist on the internet, can exist on every single computer which uses that asset. For example, XMR (Monero) you have the option to download the whole blockchain locally or use a node where the blockchain lives. In my case, I use it locally. Crypto isn’t going anywhere. The only suckers will be those who keep their assets in exchanges or cloud based wallets
My point is simply this: no electricity, no internet.
No functioning society either.
LOL I don't think I have any idea how my computer, or electric guitar pickups, or DVR, or TV work, but I know if it's electronic it can be shut off
My guitar pickups will NEVER be shut off !
😂😂
do you realize that "Internet stops" wont make anything disappear, right? ALL information, EVERYWHERE, is still on Hard Drives, and simply connection to another network would mean that everything still works?
Bitcoin isn't stored on "the internet", because "the internet" only stores information being passed along it, which arrives at the location and is either used and trashed or stored on a Hard Drive.
ALL CRYPTO ARE SAFE FROM A GRID SHUTDOWN.