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Topic: Can Bitcoin Ever Be Shutdown? - page 12. (Read 2897 times)

member
Activity: 280
Merit: 10
April 06, 2018, 01:26:49 AM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

as long internet and electricity still alive,no one can shutdown bitcoin.
and as long as people still believe in it,bitcoin circulation will kepp exist.
It is like so that bitcoin is the digital currency and its growth and it popularity is all about investors and all about the trust that people have for bitcoin, today it is new age where everything is getting about digital system so we are going to see a new system which is going to survive for long time. Bitcoin shut down is not possible because it is getting famous and some countries are trying to approach bitcoin as the legal currency for their country which is giving bitcoin a lot of space in the whole world.
jr. member
Activity: 196
Merit: 1
April 04, 2018, 09:08:24 AM
Well, no electricity, and no internet connection would kill BTC for sure! You wouldn't be able to make any transactions without these.
Other issue can be all the countries in the world ban BTC, but this will not restrict it's circulation, as no internet connection do!

It's impossibe that bitcoin will be killed,and it's impossible that internet will be shoutdown because almost all business rely on the internet,our government do not allow this to happen becausevour economy will also suffer without internet.
newbie
Activity: 57
Merit: 0
April 04, 2018, 08:46:05 AM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

In my opinion, today that cannt happen, but maybe in future.
newbie
Activity: 210
Merit: 0
April 04, 2018, 08:43:47 AM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
I don't think so... i think bitcoin will always be there even if in case it will surpass by another coin, it will still be existing. Because it has made a remarkable market already when the value shoot up to very high now even if it decrease it will soon be recover.
member
Activity: 448
Merit: 10
April 04, 2018, 08:41:03 AM
 well its a possibility that BTC can be shut down but only by individual countries not all at a go, its however very unlikely as BTC has attracted a variety of use that its just too important to shut down just like that
full member
Activity: 293
Merit: 100
April 04, 2018, 08:11:54 AM
Reflecting well, as well as many web pages are invisible and only accessible in the deep web, governments could obscure, by mutual agreement, all web pages that treat cryptocurrencies and thus block the whole system. What do you think?
Bitcoin can be shutdown. Yes it can be because bitcoin is an online job from the internet. So if internet will be shutdown then might bitcoin too because the source for us to work with bitcoin is an internet connection. Thats why we must need to take good care of everything for this to be safe in our hands.
full member
Activity: 532
Merit: 100
April 04, 2018, 08:08:37 AM
This topic is similar with this one---
As you can see from the last couple of months price of bitcoin going down and down..
Is this the beginning of the end?

To me I don't think so. Bitcoin is the mother of all the crypto currency present. It's also the only crypto currency which is very old one. It made many invertors profitable due to it's value ups and downs. If bitcoin wanted to be shut down then it already would had been shut down.
So, I think it's just , Bitcoin is going through a bad moment that's all.
jr. member
Activity: 252
Merit: 2
"I invest and Doing Bounty Campaign"
April 04, 2018, 08:03:58 AM
yes bitcoin will end but not now maybe in the near future. Bitcoin has its faith. To those who invested in bitcoin in bitcoin before probably has earned a lot of profit today. Yet bitcoin will come to.an end wether we like it or not because many will come to.invest and bitcoin price will go high. The market price would be expensive and we will be only loss in our investment. Some investors may profir but probably most of the profit will goes to the transaction fee in converting coins to fiat money. Relatively those transaction fee is so high. I guess it was 5% of the total value of btc or fiat money will be the transaction fee.
full member
Activity: 319
Merit: 100
April 04, 2018, 07:58:34 AM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
There is no reason why will bitcoin will permanently shutdown, I think there are some possible factors that can shutdown permanently the bitcoin such as if the Internet will be gone, because Internet is one of the tool that usually use for us to have an access to bitcoin and other cryptocurrency.
sr. member
Activity: 896
Merit: 268
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April 04, 2018, 07:55:19 AM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
To take the bitcoin network down might be a lot of work. They can remove access to it rather than shutting the whole network down. It would take a lot to take down this kind of network. They can also make laws that btc would be considered banned and illegal and that would lessem the users and eventually kil btc.
sr. member
Activity: 472
Merit: 250
April 04, 2018, 07:50:44 AM
Reflecting well, as well as many web pages are invisible and only accessible in the deep web, governments could obscure, by mutual agreement, all web pages that treat cryptocurrencies and thus block the whole system. What do you think?
full member
Activity: 406
Merit: 100
April 04, 2018, 07:45:19 AM
The bitcoin never been shutdown. Until the electricity or technology will never end, bitcoin cannot end too. And it will be our current money in the future. I wish.
It is impossible to shutdown. Bitcoin now is well known.
newbie
Activity: 210
Merit: 0
April 04, 2018, 07:30:08 AM
Well, no electricity, and no internet connection would kill BTC for sure! You wouldn't be able to make any transactions without these.
Other issue can be all the countries in the world ban BTC, but this will not restrict it's circulation, as no internet connection do!

Definitely I agree with you.  It can only be shutdown if we will go back in the old days that there is no internet, no computers and no network.  In that way, cannot  transact money online and we can't get online job that pays bitcoin. And also it is true that if all government can ban bitcoin and they will no longer accept it.

But that reasons is very impossible. We are in a high technology generation. Internet connection is a kind of need to us. We want easy things to do. So it is really impossible to shutdown bitcoin.
full member
Activity: 490
Merit: 106
April 04, 2018, 06:58:47 AM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

as long internet and electricity still alive,no one can shutdown bitcoin.
and as long as people still believe in it,bitcoin circulation will kepp exist.
full member
Activity: 560
Merit: 100
April 04, 2018, 06:51:44 AM

Bitcoin is not that easy to stop, now ordinary people who have earned a little money and who have subscribers in social networks of 100,000 are manipulating the crypto currency, these people are dropping the rate where they want
member
Activity: 217
Merit: 17
April 04, 2018, 06:46:12 AM
no bitcoin well be spread in the world bitcoin will never erase in the name of crypto bitcoin is the biggening bitcoin will bigget but never shoutdown.
jr. member
Activity: 224
Merit: 2
April 04, 2018, 06:42:34 AM
What do you mean shutting down?
Banning of bitcoin in all places?
Or no electricity world wide?
Well only internet connection can stopped the operation of btc.
But of banning of btc is very hard to do.
Because like you or we .. As long as there are people who uses of it.. Bitcoin still exist.
newbie
Activity: 1
Merit: 0
April 02, 2018, 11:05:38 PM
If we turn our desire and make it against bitcoin. All the government of the world turn their eyes against bitcoin. Every business in the world banned bitcoin. Every people do not wants bitcoin. Every os of bitcoin system will be erase. Then possible the total shutdown will come.

 Grin so The "IF" happens as hardly as people hark blockchain.

BTC is loved almost because of its secure. So if it was hacked, maybe it will be shut down.
newbie
Activity: 182
Merit: 0
April 02, 2018, 10:46:54 PM
If we turn our desire and make it against bitcoin. All the government of the world turn their eyes against bitcoin. Every business in the world banned bitcoin. Every people do not wants bitcoin. Every os of bitcoin system will be erase. Then possible the total shutdown will come.
member
Activity: 938
Merit: 14
Earn more with Earn Network
April 02, 2018, 10:32:25 PM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
A total shutdown or close of Bitcoin network seems quite not practicable. Bitcoin has come far that it has created a revolutionized and decentralized payment method where transactions are run under secured, fast, and smooth platform. Its uniqueness surpasses the old traditional payment systems. Bitcoin has come to stay as it attracts more people each day to its patronage. Perhaps, it will end when the last man dies.
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