Topic: Can Bitcoin Ever Be Shutdown? - page 13. (Read 2897 times)
I personally thunk that bitcoin cannot be shutdown, there's almost a negligible chance of bitcoin reaching its lowest value but it wouldn't ever shutdown because there are still many new investors, and many big shot companies that are thinking of using bitcoin as their payment for many negotiations that occur in their company. So my answer is that the value may decrease to its lowest but it will not disappear in the future.
when the world has no power source and no internet network access, that's when bitcoin can not grow and die. on the contrary as long as there is electricity and internet, then as long as that bitcoin exists.
Exactly everything has some system but it is not good to be at the ending point because bitcoin has a lot of benefit and it will never end at all, money making with bitcoin is very easy so no need to stop it or shut it down, market if bitcoin is all about the investors so they are not going to shut down the bitcoin as currency and as saving, benefits of bitcoin is day by day increasing which is making bitcoin more stronger gradually so hopefully bitcoin will never get shutdown in my country.
when the world has no power source and no internet network access, that's when bitcoin can not grow and die. on the contrary as long as there is electricity and internet, then as long as that bitcoin exists.
if internet in the world shutdown i think all of bitcoin and other cryptocurrencies will shutdown too, not only the bitcoin and cryptocurrencies, but all thing that connected with internet, like website and internet banking and all of thing the world that use internet as their main connection
We can't deny the fact that everything has its own ending. Bitcoin can only be shutdown if it will be forced to do it. But I think it will never be stop because it is functioning and being used by many. The only way to shutdown bitcoin is stopping the process of internet since we all know that bitcoin is operating through it. 
if the bitcoin network collapse or internet in the world down i think bitcoin can be shut down, and of course the holder of bitcoin will be panic and wait until the bitcoin up again, and of course if it happen again the price of bitcoin will goindg down and down again because the holder dont want to hold bitcoin again
Bitcoin cannot be shut down. There are only reasons why bitcoin will end if there is no internet connection which is impossible to happen, second there will be no investors that are willing to spend their money on bitcoin. And lastly if bitcoin will restrict by all the countries and governments inside our globe which is impossible to happen. 
if the bitcoin network collapse or internet in the world down i think bitcoin can be shut down, and of course the holder of bitcoin will be panic and wait until the bitcoin up again, and of course if it happen again the price of bitcoin will goindg down and down again because the holder dont want to hold bitcoin again
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
If all the government would decide to ban (which is unlikely to happen) the use of the internet then it would die because we need the internet to access bitcoin. I think shutting down bitcoin would never happen because for the simple reason of a lot of people are benefiting from it. I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
No bitcoin will never to be shutdown don't worry tomorrow or the next day bitcoin will pump up and up just stay relax The blockchain is a living thing and it would take many years to bring the network down.
Yeah, there is a possibility to shut down bitcoin but will takes a lot of time and will really require cooperation of all countries.
Of course there is a way to shut down bitcoin, you would either have to shut down electricity in the entire world so people would no longer be able to power their devices in which they store bitcoins or you would have to shut down internet, meaning there would be no way to access the internet and get to their coins. Either these two things are done or bitcoin will always remain.
The surest way to kill BTC is to turn off electricity, of course I myself have bitcoin and earn it on trade. But if the entire planet to turn off the electricity, then the planet will be much cleaner and it's good.
Why not banning internet node ?
South Korea can do that too. China has already done with Google stuff.
But as there are many out there who are supporting BTC ( luckly ) making their own machines as full nodes - the network can not be shut down - because they are still increasing.
And if you might have 50% +1 more power - IF YOU CAN REALLY HAVE ONE - they gonna find a solution for that and maybe switch or make a official statement with right blockchain where everyone should follow ( and not the corrupted one ).
So if you think to control the system, you'd better go and buy as many BTC as you find and just trash them - but you gonna have thousands of bilions to trash
South Korea can do that too. China has already done with Google stuff.
But as there are many out there who are supporting BTC ( luckly ) making their own machines as full nodes - the network can not be shut down - because they are still increasing.
And if you might have 50% +1 more power - IF YOU CAN REALLY HAVE ONE - they gonna find a solution for that and maybe switch or make a official statement with right blockchain where everyone should follow ( and not the corrupted one ).
So if you think to control the system, you'd better go and buy as many BTC as you find and just trash them - but you gonna have thousands of bilions to trash
if internet in the world shutdown i think all of bitcoin and other cryptocurrencies will shutdown too, not only the bitcoin and cryptocurrencies, but all thing that connected with internet, like website and internet banking and all of thing the world that use internet as their main connection
True. The internet is a central gateway to tap into the decentralized space. If that gateway is cut off, It'll be catastrophic. But that, however, isn't the purpose of bitcoin. Bitcoin main objective is to provide a decentralized infrastructure for peer to peer trustless payments. Soon we'll have a project which will focus on making a decentralized internet. One which won't be controlled or censored by ISPs (Internet service providers).
The blockchain is a living thing and it would take many years to bring the network down.
Yeah, there is a possibility to shut down bitcoin but will takes a lot of time and will really require cooperation of all countries.
if internet in the world shutdown i think all of bitcoin and other cryptocurrencies will shutdown too, not only the bitcoin and cryptocurrencies, but all thing that connected with internet, like website and internet banking and all of thing the world that use internet as their main connection
How will bitcoin shut down if there isn't even anyone that has full control over it? Bitcoin is a decentralized bitcoin currency and yes there might be times that someone can try to manipulate the price but that will only be to a certain extent. As long as there is a demand for bitcoin it will never cease to exist.
Without that central location to shut down, any meaningful crackdown would have to be a global endeavor. Even if a country was to somehow prevent bitcoin transactions from taking place within their borders, a simple VPN or Proxy system would let users operate internationally with little issue. In my personal it is posible to shutdown bitcoin but its not that easy.
There is no back arrow or it will fall into chaos
Theoretically, it is possible, as long as the global power failure is enough, but this theory is very difficult to achieve, and it is almost impossible.
I think in the distant future Bitcoin will disappear and replaced with more modern virtual currency and more gadgets. But it is a very distant future, maybe a few dozen years to come true because Bitcoin's value is still high and still receives a lot of attention from many investors.
Well it's simple no electricity no internet connection no cryptocurrency and the world will be silences.
Jump to: