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What would happen to bitcoin if electricity shuts down for 3 months?

 
Anonymous Coward
User ID: 76059362
United States
05/16/2019 04:32 AM
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What would happen to bitcoin if electricity shuts down for 3 months?
Would it die or continue mining after world power gets on? I don't really know technical aspects.
Moon&Stars

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05/16/2019 05:07 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
What would happen to your bank account?
Moonstar
Anonymous Coward
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05/16/2019 05:07 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
If nobody can BUY or SELL bitcrap then the price remains stable
Doommincus Maximus

User ID: 77363188
New Zealand
05/16/2019 05:10 AM

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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Mining is only required to verify/move transactions, as long a 1 copy of the BTC ledger is safe Bitcoin is safe

Last Edited by Doommincus Maximus on 05/16/2019 05:10 AM
Stand up for what you believe in, even if you stand alone.
Anonymous Coward
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United Kingdom
05/16/2019 05:10 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Would it die or continue mining after world power gets on? I don't really know technical aspects.
 Quoting: Anonymous Coward 76059362


What would happen to EVERYTHING if electricity shuts down for 3 months?

Bitcoin would be the least of problems!
Anonymous Coward
User ID: 73649866
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05/16/2019 05:42 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Would it die or continue mining after world power gets on? I don't really know technical aspects.
 Quoting: Anonymous Coward 76059362


yeah it would resume mining transactions as normal afterward.

the better question is what would happen to you & me.

the NWO wants everyone to be dependent on the grid.

5g, smartphones, alexas, cashless currency, ... microchip implants

so that you'll basically die if they pull the plug on you.

which they are totally planning to do.
~Blue Spirit~

User ID: 43720204
United Kingdom
05/16/2019 06:08 AM

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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Would it die or continue mining after world power gets on? I don't really know technical aspects.
 Quoting: Anonymous Coward 76059362


What would happen to EVERYTHING if electricity shuts down for 3 months?

Bitcoin would be the least of problems!
 Quoting: Anonymous Coward 75455534


True :-).. yep.. ^^^^^^^^^ THIS!..
~~~I Am What I Am~~~

~~~Where There's A Will, There's A Way~~~
Kilroywashere

User ID: 77592269
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05/16/2019 06:46 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Would it die or continue mining after world power gets on? I don't really know technical aspects.
 Quoting: Anonymous Coward 76059362


What would happen to EVERYTHING if electricity shuts down for 3 months?

Bitcoin would be the least of problems!
 Quoting: Anonymous Coward 75455534


LOL....he's worrying about shitcoin and he most likely would be dead in 3 months....fuckin" millennials.....learn to do change for a dollar in your head first....

Last Edited by Kilroywashere on 05/16/2019 06:47 AM
All for one, and one for all.
"Never, ever die kneeling". Kilroy "A fool and his money are soon parted" Uncle Marty
Remember..we are all born into this world an animal...and then taught to be human. The kind of human is the important part. race color creed should have nothing to do with it. Kilroy
the one
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05/16/2019 07:18 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
You guys who can not see life without money are so programed because life without it go on all around us twenty four hours a day it never stop unless we kill them.
Anonymous Coward
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05/16/2019 07:19 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Would it die or continue mining after world power gets on? I don't really know technical aspects.
 Quoting: Anonymous Coward 76059362


Who cares? First thing im doing is sitting on the deck and catching up on some reading. Call me when its back on.
Anonymous Coward
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05/16/2019 07:23 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Mining is only required to verify/move transactions, as long a 1 copy of the BTC ledger is safe Bitcoin is safe
 Quoting: Doommincus Maximus


chuckle

Guess where all of those copies are..

You do understand that I can Mandela effect them don't you?

Do you understand the implications of posting this shit around someone who can make reality change?

Not to mention money isn't one of my favorite things because I have 0.
Anonymous Coward
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05/16/2019 07:25 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
The ledger lives on disk, the electricity worldwide goes out then the machines validating transactions go out and ledger remains on the disk. Once the electricity comes back on and the machines come back online the validation of transactions resume
Anonymous Coward
User ID: 77222135
United Kingdom
05/16/2019 07:29 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
The ledger lives on disk, the electricity worldwide goes out then the machines validating transactions go out and ledger remains on the disk. Once the electricity comes back on and the machines come back online the validation of transactions resume
 Quoting: Anonymous Coward 69987138


This reality and the other one exist inside of my head. One has a model and the other one does not. You and I are in fact lost inside the Tupperware program right now because I made sure not to bring any pertinent info into this damn house of mirror shithole that I accidentally made. I can make anything I want happen here by asking it to.

It's like magic or some shit.

Just get your money out of my sight or you will regret it.
Anonymous Coward
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05/16/2019 07:35 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
What would happen to your bank account?
 Quoting: Moon&Stars


It would be there but no way to access it. No different than cash. We will all start with nothing. If you had a coin in your hand then it would be different.


A bird in the hand is worth 2 in the bush.
Anonymous Coward
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05/16/2019 08:25 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
What would happen to your bank account?
 Quoting: Moon&Stars


It would be there but no way to access it. No different than cash. We will all start with nothing. If you had a coin in your hand then it would be different.


A bird in the hand is worth 2 in the bush.
 Quoting: Anonymous Coward 76335367


That's why I only buy physical Bitcoin. A guy down the street sells it.

rockon
Anonymous Coward
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05/16/2019 08:28 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
50% of the population will be dead at that point.
ALL IS ONE IS ALL

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05/16/2019 08:29 AM

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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Would it die or continue mining after world power gets on? I don't really know technical aspects.
 Quoting: Anonymous Coward 76059362


I would suggest you worry about the consequences of electricity going down. And not give one iota of though to bitcoin which is fake .
There Can Be NO Peace in the Heart or Progress in the Mind unless one falls wholeheartedly in love with Truth and IDEALS of Eternal Realities.

Mankind is on the march toward a new and unrevealed planetary destiny.


"MY SPIRIT, YOU ARE OMNIPOTENT. YOUR NAME IS HOLY. MAY YOUR REALM BE INCARNATE IN ME. MAY YOUR POWER REVEAL ITSELF WITHIN ME, ON EARTH AND IN THE HEAVEN. GIVE ME TODAY MY DAILY BREAD, AND THUS, LET ME RECOGNIZE MY TRANSGRESSIONS AND ERRORS, AND I SHALL RECOGNIZE THE TRUTH. AND DO NOT LEAD ME INTO TEMPTATION AND CONFUSION, BUT DELIVER ME FROM ERROR. FOR YOURS IS THE REALM WITHIN ME AND THE POWER AND THE KNOWLEDGE FOREVER,
AMEN.


Wisdom is not given, it is earned, and experience is the bestower.

Rejoice, for the world of ABSOLUTE TRANSPARENCY approaches, and decisions will be made according to the purity of your motives, for the eye of the Divine is an all-seeing eye, capable of glimpsing every flutter of the soul, knowing every yearning of your being and – incredible though it may seem – supporting every aspect of your own DIVINE PLAN.


God-consciousness, as it is experienced by an evolving mortal of the realms, must consist of three varying factors, three differential levels of reality realization. There is first the mind consciousness—the comprehension of the idea of God. Then follows the soul consciousness—the realization of the ideal of God. Last, dawns the spirit consciousness—the realization of the spirit reality of God. By the unification of these factors of the divine realization, no matter how incomplete, the mortal personality at all times overspreads all conscious levels with a realization of the personality of God.

the registered number of this world out of 5.6 Trillion evolutionary worlds bearing Human life.. is 5,342,482,337,666. There is nothing evil about 666. Just IGNORANCE and mind controlling.
Anonymous Coward
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05/16/2019 08:30 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
major power out for 90 days???

money and bitcoin will be worthless


within 3 days anarchy will be in most major cities, death, rape, riots...

least of worries is man how is my BTC doing today? you won't know anyway, no power dumbass lol

why gold and silver is ideal, it will always have value, no matter
ANNONYMOUS
User ID: 66223473
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05/16/2019 08:36 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
5a This is precisely the point I have made time and time again. It is crazy to put all your wealth in a so called electronic currency.
Anonymous Coward
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05/16/2019 11:16 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
hesright
Anonymous Coward
User ID: 28763125
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05/16/2019 11:17 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
I would be worth about 1 million dollars when the power comes back on.
Anonymous Coward
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05/16/2019 11:18 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
What would happen to your bank account?
 Quoting: Moon&Stars


It would be there but no way to access it. No different than cash. We will all start with nothing. If you had a coin in your hand then it would be different.


A bird in the hand is worth 2 in the bush.
 Quoting: Anonymous Coward 76335367

you would still have your BTC and could transfer it too! as long as in is in cold storage.
Anonymous Coward
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05/16/2019 11:19 AM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Would it die or continue mining after world power gets on? I don't really know technical aspects.
 Quoting: Anonymous Coward 76059362


we might find out...

trump-IAWM
southern man
User ID: 1685967
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05/16/2019 12:08 PM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Three months 90% of population dead money useless every one left fighting for scraps or water. bitcoin will be the least of your worries....
Anonymous Coward
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05/16/2019 04:52 PM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Would it die or continue mining after world power gets on? I don't really know technical aspects.
 Quoting: Anonymous Coward 76059362


Bitcoin is independant of the internet.

The primary means of securing your bitcoin is by storing it on a "Cold Wallet".

The purpose of having a cold wallet is to store your bitcoin off the internet.

It's still stored on the blockchain, which means there is an impermeable trace as to where the bitcoin lie.
The Alleviated Intransigent
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05/16/2019 04:53 PM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Reason #1 why not to get involved in online currency.

In fact, its the only reason.
Anonymous Coward
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05/16/2019 05:06 PM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Reason #1 why not to get involved in online currency.

In fact, its the only reason.
 Quoting: The Alleviated Intransigent 77645987


You don;t know how it works if you're saying that
Anonymous Coward
User ID: 77645987
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05/16/2019 05:14 PM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Reason #1 why not to get involved in online currency.

In fact, its the only reason.
 Quoting: The Alleviated Intransigent 77645987


You don;t know how it works if you're saying that
 Quoting: Anonymous Coward 22035164


I do know about power and electricity, and what happens when it goes out. ( and it will, long term)
Anonymous Coward
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05/16/2019 05:14 PM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Who fucking cares.
Anonymous Coward
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05/18/2019 02:02 PM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
Your bank account would be worthless too. Bill Gates can't prove he has 50 billion in his account.
anonymous coward
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05/18/2019 02:13 PM
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Re: What would happen to bitcoin if electricity shuts down for 3 months?
You should be able to store bitcoin on a "read only" CD.