Hey faggots

[Anonymous No.13207077]

What happens to your magic internet money when you can’t connect to the fucking internet?

[Anonymous No.13207105]

>>13207077
it's still there and you connect on a different time, are you mentally retarded?

[Anonymous No.13207111]

>>13207077
You can hypothetically construct your signed transfer offline and submit it to any connected node without going through the internet.

[Anonymous No.13207113]

>>13207105

So you agree, it’s fucking useless unless you have an active internet connection?

[Anonymous No.13207126]

>>13207113
Literally any bank transaction is fucking useless unless you have an active internet connection (or your bank has one)

[Anonymous No.13207134]

>>13207111

You lost me bud, does my bitcoins work if the internet is offline true or false?

[Anonymous No.13207142]

>>13207126

I have a check book and fiat cash you fucking imbecile.

DOES YOUR MAGIC INTERNET MONEY WORK WITHOUT THE INTERNET? Y/n?

[Anonymous No.13207144]

>>13207134
does your bank work if the internet is offline true or false?

Useless discussion here what the fuck.

[Anonymous No.13207154]

>>13207077

The blockchain is stored on hard drive, the coins don't disappear if the internet stops working for awhile

[Anonymous No.13207155]

>>13207142
amish retard

[Anonymous No.13207172]

>>13207144

Yes faggot, my bank has been around for 80 years before the fucking internet. It worked before the internet and it will work if China hacks the global telecommunications infrastructure.

Also, as a “global digital currency” how can I work with countries like Russia or North Korea for example? NK is for the most part off the grid, Russia has a firewall that can be activated instantaneously. I cite these examples because my fucking contracting firms conducts business with both countries. If I were to rely on magic fucking tokens, I could potentially lose money.

Once Again, does my bitcoins work without the internet?

[Anonymous No.13207192]

>>13207142
Your cheque book doesn't work without internet
Cryptos are no worse than credit cards for internet reliance

[Anonymous No.13207194]

>>13207155

I can build a house and support 7 wives and 27 children with my bare fucking hands faggot.

DOES THE CRYPTOGRAPHIC CURRENCY COINS WORK WITHOUT THE FUCKING INTERNET?

[Anonymous No.13207198]

>>13207172
What are you trying to achieve here? Seriously. No it doesn't work if there is no internet worldwide. Guess what, telephone doesn't work if the satelites crash. Big fucking woop. Guess what, half of europe is flooded when the sea level rises.

And yes you can conduct bussines with NK Russia or China. Bitcoin can be used anywhere in the world withouth restrictions. The restrictions would come from the goverments. Not from bitcoin.

Now fuck off you fearmongering retard.

[Anonymous No.13207205]

>>13207192

How many confirmations does a check require? Only one euro bitch.

[Anonymous No.13207207]

>>13207172
>Once Again, does my bitcoins work without the internet?
It doesn't you fucktard, now shut up.
Also
>Implying the russian gangsters and nk hackers aren't the biggest users of bitcoin

[Anonymous No.13207209]

>>13207172
Yes, they just lost all power in Venezuela. Banks didnt work. Bitcoin did.

[Anonymous No.13207221]

>>13207198

Fuck phones and satellites if my “digital gold” can’t move I will fucking starve to death. Not being able to call my grandmother overseas will not kill me. Starving because I cannot buy Starbucks with bitcoins will kill me.

Does. The. Fucking. Magic. Tokens. Work. Without. Internet?

[Anonymous No.13207232]

>>13207221
Yes absolutely it could.

[Anonymous No.13207237]

>>13207209

I just came back from a trip to Venezuela and nobody fucking uses bitcoin faggot because they have no fucking power and the internet is complete shit. People are literally dying in hospitals with no utilities and you expect people to believe “oh Venezuela uses bitcoin and it solved everything”. No faggot.

[Anonymous No.13207242]

>>13207232

> it could

Holy fuck we’re toast.

[Anonymous No.13207244]

>>13207221
Yes they'd work

[Anonymous No.13207245]

>>13207077
Large part of the world can have a blackout it wont affect bitcoin. You can transact without internet via satellite or radio.

[Anonymous No.13207259]

>>13207245

Ohhh yes let me pull out my Comsat to finish this transaction for this fucking latte. Oh, the you don’t have a Comsat to receive this tokens? Let me try my CB radio in my semi truck, I’ll just connect my wallet to the microphone and send you some bleeps, hope that works anon!

[Anonymous No.13207273]

>>13207244

How? Fucking explain who will process a transaction and how the fuck do I initiate one without fucking internet?

[Anonymous No.13207285]

>>13207273
You give a paper wallet to someone

[Anonymous No.13207296]

>>13207259
>latte
In a world where the internet stopped working I doubt you'd be buying a latte from a cafe you fucking retard.

>>13207273
>How?
/biz/ isn't your goddamn tech support hotline go and research this shit yourself, like the rest of us, you fucking moron. Go to reddit if you want a big long fucking explanation that you can give gold to and upvote.

[Anonymous No.13207304]

>>13207285

> You give a paper wallet to someone

Faggot go back to the basement.

Can somebody who knows what the fuck they are actually talking about chime in and confirm or deny: DO CRYPTO COINS WORK WITHOUT THE INTERNET, REALISTICALLY NOT HYPOTHETICALLY AND NOT IN THE FUTURE BUT RIGHT FUCKING NOW?

[Anonymous No.13207313]

>>13207304
I already said they didn't in my previous posts, but you're too stupid to filter that info

[Anonymous No.13207317]

Questioning the availability of the Internet is like questioning the availability of electricity. The Internet is a part of our life, and if we can't connect to it, then we have worser problems to deal with. It's a moot point.

[Anonymous No.13207319]

>>13207296

You fucking faggot. Coffee has been consumed for hundreds of fucking years before the internet and will most definitely still be a thing after the fucking internet.

How can biz be anything if not one fucking anon can answer my question without crying about it?

[Anonymous No.13207326]

>>13207205
>How many confirmations does a check require? Only one euro bitch.
What, checks take like a week to clear.

[Anonymous No.13207339]

>>13207273
You do realize faggot that on any scenario that takes out the fucking internet, literally a network originally meant to be nuclear resistant, you will probably have much bigger problems to worry about?

The internet is not a fad. It is clearly a permanent feature of mankind from now on. It might be "new" but eventually the amount of history that will include an internet will exceed the amount of history without it.

Anything that damages it, will also be damaging food & water networks as well, so by that point you will have bigger worries.

And you might say "but muh gold" and "muh banknotes". Ha, ha. No. When things reach the stage of damaging the food and water networks, then those become fairly irrelevant as well. Why "accept" your gold, when I can simply place a trap or 10 on 1 abuse to kill you? (noticed I am not even talking about a fair fight or care how much you can bench press)

[Anonymous No.13207343]

>>13207313

I don’t trust your opinion as you have given me multiple contradictory replies, I know your just trolling for likes.
Gtfo

[Anonymous No.13207346]

Jesus this thread is a shitshow.

[Anonymous No.13207352]

literally send 0's and 1's to an ISP in the form of a letter. there is always a way.

[Anonymous No.13207355]

>>13207259
>>13207319
>Ohhh yes let me pull out my Comsat to finish this transaction for this fucking latte. Oh, the you don’t have a Comsat to receive this tokens? Let me try my CB radio in my semi truck, I’ll just connect my wallet to the microphone and send you some bleeps, hope that works anon!
>Coffee has been consumed for hundreds of fucking years before the internet and will most definitely still be a thing after the fucking internet.

[Anonymous No.13207363]

>>13207317

It’s not a moot point because humans survived and flourished before the internet and magic internet money you’re all pushing for global decentralized funny money to replace the gold standard why would I push for digital money if it can seize to exist at the drop of the WiFi?

[Anonymous No.13207366]

>>13207339
well put, i said something similar above. worrying about this is just being pedantic. That way, even traditional banking systems are useless. What are we gonna do? Go back to gold? Kek.

[Anonymous No.13207374]

>>13207363
>I know your just trolling for likes
>drop of the WiFi
Haha I see what you're doing now. Epic boomer larp, quality thread.

[Anonymous No.13207385]

>>13207346

Why is that? Because the truth comes out. Digital tokens are worthless without the internet. How can this ever experience real world adoption? Crypto is like a fucking hobbyists activity like a raspberry pi or a fucking LEGO set.

[Anonymous No.13207396]

No you fucking retard it doesn't work without the fucking internet

[Anonymous No.13207401]

>>13207396

Shit. That’s what I thought.

[Anonymous No.13207411]

>>13207077
>drop bitcoin into a paperwallet
>provide proof that this paperwallet adress contains x amount of btc (transaction proof)
you can now send your paperwallet to whoever you want with a mail pidgeon offline like a check since you are a colossal faggot boomer

[Anonymous No.13207418]

>>13207077
>what happens with your mechanical horse when you don't have gas?
>what happens to your meat when you don't have electricity in your kitchen?
>what happens to your commode when running water stops?

[Anonymous No.13207420]

>>13207385
So are banknotes and gold idiot (minus any actual value it might have in chemistry/electronics). They only have value due to the manual internet of letters, talking, phone calls and social connections.

In reality the only things of value are:

Food
Time

If you intent to use machines to attempt to get those more efficiently then the next important thing becomes

Energy

And of coerce if you want to protect all of those, or have division of labour the next important thing unironically is:

The power of Friendship <3

(or at least "social capital" / people in your community)

None of them require "gold" or "banknotes", and it only becomes relevant when someone wants a default store of value to dick around with. It could equally well be lithium, seeds, slavery contracts, or btc.

[Anonymous No.13207424]

>>13207142
Your fiat cash won't be worth the paper it's printed on if things go to shit so much that there is widespread loss of internet access.

[Anonymous No.13207460]

>>13207385
~90% of the world's money is digital with no analogue in the "real" world. Or do you think Goldman carries bags of cash to JPM?

[Anonymous No.13207596]

>>13207077

You hand over a private key written down by hand on a piece of paper.

/thread

[Anonymous No.13207621]

>>13207418

This.

Fucking noobs

[Anonymous No.13207628]

>>13207418
I don't know, i'm confused

[Anonymous No.13207638]

>>13207460

No but because it’s operated by a trusted central authority we can know that our money is safe. Having to rely on and trust anonymous miners around the globe is a bit a of a fucking security risk.

[Anonymous No.13207655]

>>13207638
>trusted
>hand rubbing intensity reaching critical levels
fucking lol. dunno about you but i trust maths more than jews.

[Anonymous No.13207658]

>>13207596

Hahaha lmfao of, ok let’s entertain this suggestion:

> Internet goes out and I need to buy food
> noproblem.gif I’ll make a paper wallet
> all my bitcoins stored in one wallet
> hand over Wallet and private key and trust they only withdraw agreed amount of coin?

Seriously though, explain the paper wallet and private keys theory, kid... I’ll wait.

[Anonymous No.13207661]

>>13207638
> trusting kikes
wew lad

[Anonymous No.13207668]

>>13207142
yeah there are satellites you can operate it with radio

[Anonymous No.13207676]

btw stay poor and stay wagecuck OP if you truly don't understand crypto and you're still a nocoiner I'd recommend KYS

[Anonymous No.13207677]

>>13207655

I can get behind trusting math and science, but a decentralized global economy will not fucking work. Ever. People are too fucking stupid. We need authority otherwise your wife and daughters will be raped and pillaged while you’re working hard for the magic tokens.

[Anonymous No.13207678]

why do boomers think that the internet can just 'go out'? lmao

[Anonymous No.13207685]

>>13207661

> kikes

Copy pasta zoomer cope, go back to /pol/ faggot.

[Anonymous No.13207692]

>>13207668

Oh yeah I forgot everyone has one, thanks faggot. My mistake. All good everyone! Crypto works without the internet! Just use your personal satellite radio, doh!

[Anonymous No.13207713]

>>13207678

You understand that the future of terrorism won’t be and mass murder... r-right? Injuring people for Econ/political gain is the ultimate boomer cope.

Also faggot, forget about terrorism as the cause of internet outage. Internet and telecommunications infrastructure is and has been literally hanging on by a thread, a slight tug can easily break it. Not to mention, it can be fucking shut of by the flip of a switch.

[Anonymous No.13207737]

https://www.codeproject.com/Articles/1151054/Create-a-Bitcoin-transaction-by-hand
you can send a transaction in a literal snail mail letter, transmit it over telegraph lines, or transcribe it from shortwave radio into the internet operating station so someone can have that sent into the blockchain for you at the earliest possible convenience

you can create bitcoin 'dollar bills' with whatever amount you want on them

[Anonymous No.13207751]

>>13207676

Wagecuck? I’m sitting in the royal lounge at HGK shitposting while I wait for my delayed first class flight to SFO to conduct highly profitable business that is impossible to profit by with your fucking pretend money. And no, crypto won’t hurt my line of work, it just can’t help it grow.

[Anonymous No.13207760]

[Anonymous No.13207763]

>>13207737

OK. So let’s pretend I sell you my BMW for 20 BTC. I’m supposed to hand over the car while I wait for you to snail mail me your keys? gtfo faggot

[Anonymous No.13207769]

>>13207763
radio waves travel pretty quickly i think

[Anonymous No.13207774]

>>13207760

This is ridiculous, you don’t think people with resort to bartering physical good before they start to rig up a radio to transmit a simple fucking transaction?

[Anonymous No.13207776]

OP is a faggot

[Anonymous No.13207788]

>>13207769

Ah you’re right. I’m an idiot. Wait... how do I monitor the confirmations? How do I know the transaction is complete? who is going to process the transaction without internet?

[Anonymous No.13207798]

>>13207776

Ok I’m faggot because your crypto relies on the fucking internet and without it you’re absolutely fucked unless you have a ham radio in your pocket. Lmfao.

[Anonymous No.13207807]

you can process transactions by hand and when latest copy of the blockchain arrives by telegraph next week you can verify that your transaction went through
do basic research on the protocol and technology please

[Anonymous No.13207826]

>>13207807

lmfao. based. /thread/
Haha alright, it’s been fun /biz/, catch me in my next thread, I’ll be shilling chainlink.

[Anonymous No.13207871]

>>13207826
>shilling chainlink.
this shit legitimately concerns me. been on /biz/ since what, 2014 iirc, and i've never seen such relentless shillery. XMR was legit, fucking PND was 'more legit' even than this LINK shit.
people, what you need to realise is that the circulating supply of chainlink is so vast, and i mean we're talking hundreds of millions of coins one day to be billions, is that the entire market capacity divided amongst those coins yields pitiful market value. Even if LINK had the fucking ENTIRE. WHOLE market cap of EVERY crypto in existence, because of it's circulating supply it'd only be worth FIVE DOLLARS.
I don't know who's orchestrating this scam, but i fear that trust in /biz/ might never be restored.
Want to invest and have literally any chance of it being in something lucrative? You need a coin whose value isn't so ludicrously spread. You are sharing this money with so, so many more people than is the case with something like our previous shillings, such as XMR. Not this LINK fucking catastrophe.

[Anonymous No.13207876]

>>13207871
rare & nice post.

[Anonymous No.13207883]

>>13207871

Shhhhhsh. I got some fire memes I’m working on.

[Anonymous No.13208329]

>>13207871
you are terrible at math.
if link was the current whole market cap at current circulating supply, 1 LINK = $499
if entire 1 billion tokens are released and link is current whole market cap, 1 LINK = $175
you fudsters are almost as bad as finrekt

[Anonymous No.13208355]

>>13207077
>>13207077
threads like this is why I still come here

[Anonymous No.13208485]

>>13208329
yes sorry actually you're right, i did fuck that up and i'd hoped nobody would notice. yet here you are. so.. to clarify, what i meant to say is that if say, LINK were to (impossible) achieve a marketcap of Litecoins's proportions, it would then be worth five dollars.
As for your suggestion that $175,584,976,605 / 1 billion = $499, well sir I'm afraid I have a calculator and as such will assert than you might go and make love to your mother with the utmost vigor.
A billion times 500 is half a trillion. Are you suggesting that LINK will one day be worth half a trillion dollars? When the entire crypto market cap is 175b? go fuck yourself.
If you are ASTONISHINGLY lucky, it MIGHT one day max out at five bucks a piece. The retarded suggestions I've seen on /biz/ that it could one day be worth a grand or anything even close? It would need a market cap OF A TRILLION DOLLARS or more.
You are embarrassing yourself. Fuck off.
I'm not saying it's a horrific investment, but I am saying that /biz/ is utterly fucking deluded if it thinks it's even possible that it'll x10.

[Anonymous No.13208561]

>>13207077
you can connect to the internet whenever you fucking want and by the time crypto is widespread and adopted by most businesses the world is probably developed enough that the end of power or internet coverage means the end of the world so not like it matters much

[Anonymous No.13208624]

Amazing bait thread. Really made me seething even though I knew it was a bait.

[Anonymous No.13208950]

You can actually run bitcoin over radio so yes, it even works without the internet. Brainlets will he brainlets though, missing the opportunity of a lifetime.

[Anonymous No.13209175]

>>13208950
The point of this is that the Internet will never completely die, the protocols have been willed into existence and you can literally send bitcoin with fucking smoke signals as long as everyone shares the same protocol standards. Even if the main internet cable services all deteriorated simultaneously, there are nerds who would maintain a decentralized "wireless internet" over HAM radio (this is already a thing) and coins can be transacted over this network.

[Anonymous No.13209187]

>>13207685
You don’t even know what copy pasta is... this is honestly sad. Your 40+ years old ass is not fitting in here.

[Anonymous No.13209205]

>>13209187
>amerifat zoomer-boomer shitflings
You're all the same, obese and obnoxious as all fuck

[Anonymous No.13209891]

>>13207871
>so vast