This was asked by a friend before investing in bitcoin. His fear was that a new technology would emerge to replace the internet, and that would make Bitcoin obsolete.
My answer: nothing would happen.
Bitcoin runs on the internet, but it does not depend on the internet. The fact that most of the nodes use the internet to communicate does not mean that the internet is necessary for Bitcoin to work.
As long as the nodes can forward transactions and blocks to each other, the Bitcoin protocol will continue to work. It does not matter which means of communication is used. The Internet is one of them, but there could be others.
https://void.cat/d/GEPn1iB3BMraTwMKfj8U1V Link
The reality is that Bitcoin does not depend on or compete with the internet. Bitcoin is a value transmission protocol. The Internet is a data transmission protocol.
If there were a better method of data transmission than the Internet, Bitcoin clients (nodes) would gradually adopt it. And the technology that would become obsolete would be the internet, not Bitcoin.
Whatever innovation is developed in terms of communications networks, chances are this innovation is going to be added to the current internet. It makes no sense to build a separate non-interoperable network.
Basically what we all seek is not to censor. Some call it free will, but it goes further. Not censoring is the freedom to be able to express yourself and access the information that you choose to enter while maintaining your privacy.
The internet is a path routed network, which is necessary for its scale. There isn't any new base transport coming of any substantially novel nature coming any time soon, the internet itself is an invention on the same level as writing and mathematics, these things don't happen very often.
The Internet changed the world our parents knew, democratized access to information, eventually centralized it, but Blockchain and bitcoin freed it. Today our world is different, we can access and learn what we want on the internet, but we pay something in return with our information and without privacy. Every revolution has a David and a Goliath.
Is he also concerned about everything else that relies is internet currently? Why single out bitcoin?
Interesting point. One attack vector less. Thank You for this.
They can attack it, they will try censorship, but they can never turn it off. #bitcoin
That's it. And the public debate hopefully shifts to the potentials and away from the Fud
What would happen to bitcoin if something better than the dollar appears?
Adoption would last longer
Bitcoin is basically a technology that adapts to any new tech. It is like an organism of itself and is flexibility enough to take any form.
Bitcoin was conceived to avoid censorship and return freedom and sovereignty. Based on 4 existing technologies, its true magic lies in uniting these technologies into something that will revolutionize the world.
The internet is a network. If a better network came along what would preclude Bitcoin from operating on it? This is one of the more ridiculous FUD I have seen.
Adoption is a hell of a climb as we can see with bitcoin, it would really need to be a trillion times better lol and even then it would be hard, who says that this "improvement" cannot be absorbed into bitcoin? It's easier to apply new discoveries to established tech
A shit example is like stories, it started on snapchat but now every social media has it, its like the norm now
The truth is that there are still not many people involved in crypto. But the number increases logarithmically with time. Beyond the sovereignty and freedom that bitcoin gives us today, the technical aspects and ease of use for the common user is what will make the difference and it is where all the big companies will want to aim in the future since they will all have them. The story similar to the functionality of popularized snapchat.
страшно подумать если придется включить радио)))