Can Bitcoin Ever Be Shutdown? - page 15.

tanginamoo

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Quote from: papasmurph on March 08, 2018, 05:55:00 PM

Quote from: yusufjalal on October 13, 2017, 07:12:12 AM

I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

If I have to be honest I do not know if this can happen unless the Internet or electricity are stopped anywhere in the world. Grin

You are definitely right about that. The medium that is needed to access bitcoin is with the use of electricity and internet. But who knows as the world develops maybe perhaps there will be a way to shut the bitcoin down.

papasmurph

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Quote from: yusufjalal on October 13, 2017, 07:12:12 AM

I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

If I have to be honest I do not know if this can happen unless the Internet or electricity are stopped anywhere in the world. Grin

jona

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How do you think it is going to shutdown,it is only when people like you and me stop investing and trading bitcoin,than it will be down

colmenajose

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It is very difficult to be turned off the bitcoin, in any case it could be turned off in some areas, if for example there is no electricity, or there is no internet. But in the whole world it is very difficult to happen.

GeorgiyBilyk

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Bitcoin can cease to exist if all computers in the world stop working!))) Bitcoin is the future, but I do not like that everything is moving behind bitcoin! I very much wait for serious competitors and the market will stabilize! crypt world is at the very beginning of its development, it will continue to develop and exist for a very long time!

damrianto

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this bitcoin network is designed as best as possible for investment system services. which will be done by all the people all over the world. that's why this bitcoin should not be shutdown. because this is very detrimental to countries that are conducting currency sales transactions.

kinzey

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Quote from: yusufjalal on October 13, 2017, 07:12:12 AM

I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

When the internet is out then that can shutdown bitcoin. But that will be very hard to do. Everybody is using the internet. Even the government is relying on internet. So if ever the internet goes down they will find a way to be connected. They get more problems without internet than stopping bitcoin.

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Quote from: weeklyeth on February 25, 2018, 08:49:22 AM

No one can ever shut down Bitcoin ever unless internet is existent in the world Bitcoin protocol runs

There is no such kind of thing which can stop bitcoin or can shut it down as there is no one who is having this kind of authority because of the decentralized nature of bitcoin. Bitcoin will remain there in this world and that no one can do anything like that which can result in anything unfavorable. Bitcoin is meant to change the lives of the people and that bitcoin will surely do in the future as well.

Lmaooo

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Quote from: yusufjalal on October 13, 2017, 07:12:12 AM

I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

To shut down the bitcoin network completely you must shut down the entire web which is not possible because that would a total nightmare. Lots of multi-billion dollars businesses now are fully dependant on the web and without it, they would end up in total chaos. thus, they'll do anything possible to keep the web running for their own businesses to grow further.

eaLiTy

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Quote from: BitcoinPanther on February 25, 2018, 09:43:04 AM

Yes possible if government can pinpoint every node running bitcoin network. It will be very hard and as long as there is one fanatic that keeps on running node for bitcoin, it will never die. One thing to make sure that bitcoin will die is to shutdown the internet and I believe that is not possible because everything in the world needs internet access for transaction.

That is the hard part,a government cannot surpass his jurisdiction and get involved with other government across the globe,this is a decentralized platform and this is truly global and no one can shut down the network,i will just tell you this,have you heard about piracy,the government along with movie and music industry are spending billions of dollars to combat that and still they could not do that and you think that it is possible to shut down the bitcoin network if they want to. Cheesy

rasyiqul1505

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Quote from: joseafonso123az on October 13, 2017, 07:15:12 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!

I also agree with you, bitcoin will die if electricity and internet network around the world also die. besides that there is also another problem that is the state forbids bitcoin, but this way will not kill bitcoin, it will only affect the price of bitcoin to be down.
bitcoin is not that easy to die because if the electricity and internet network are dead then man will fix the problem quickly.

BitcoinPanther

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Quote from: ShiroThe5th on February 25, 2018, 09:02:47 AM

Everything has an end. Shutting down of bitcoin is possible, bitcoin can be end or replace but i think and i guess the time doesnt come yet. Bitcoin now is really popular and its development. Bitcoin now is pursuing the highest path it can go but the end still come and come in no time.

Yes possible if government can pinpoint every node running bitcoin network. It will be very hard and as long as there is one fanatic that keeps on running node for bitcoin, it will never die. One thing to make sure that bitcoin will die is to shutdown the internet and I believe that is not possible because everything in the world needs internet access for transaction.

eann014

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Quote from: yusufjalal on October 13, 2017, 07:12:12 AM

I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

No one knows if bitcoin could ever be shutdown in the future, for sure there is no one could tell us exact detail with bitcoin and even the price that's why some of us are failure with bitcoin but some others are lucky to, to gain profit with bitcoin. Shutting down bitcoin for sure most of us will take rally. Grin

LOL.

sneeze11

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Quote from: yusufjalal on October 13, 2017, 07:12:12 AM

I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

No bitcoin will never be shutdown because there are so many users that won't let that happened. There are so many users on the bitcoin that are so popular because they know that they can have an extra income even if they have a job. Others said that bitcoin can be shutdown but for me it will never happened.

Altf4

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No it will not happen bitcoin can never be shutdown as long as their are everybody that patronize the important uses and functions of bitcoin in the digital world it would go for long period of time and always in success.

gerjiss

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No, it is not possible. It may be tried to prohibit and the like, but while it causes interest and demand among people - this will not stop.

Fayamba

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That can only happen when the whole world shuts down completely,which is not possible from my perspective. As far as the internet exist, bitcoin continues.

Morgann

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Quote from: yusufjalal on October 13, 2017, 07:12:12 AM

I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

i dont think bitcoin will be shutdown because it is already circulating all over the world and it is already legal to some big country. bitcoin already use as a payment in online shops and use a mode of payment in some establishment in some countries. bitcoin will be our future currency all over the world that why it exist in very very long time.

ShiroThe5th

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Everything has an end. Shutting down of bitcoin is possible, bitcoin can be end or replace but i think and i guess the time doesnt come yet. Bitcoin now is really popular and its development. Bitcoin now is pursuing the highest path it can go but the end still come and come in no time.

Morphling

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no one can shut bitcoin unless the internet is shut down, there is a truely need for bitcoin, but if the main countries like USA, Chian, Russia and so on begin to ban bitcoin, it will not spread over the world

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