Can Bitcoin Ever Be Shutdown? - page 18.

william8829

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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 will take another route from the other posters. Besides shuting down the internet or Government regulation Bitcoin could be destroyed from within by its on developers.

In fact some would argue due to past hardfork Bitcoin no longer exists. There is an upcoming hardfork in November called segwit2x that has a small chance of tearing the community apart.

To sum up my thoughts. Internal conflict within Bitcoin poses the greatest threat of a shutdown.

0t3p0t

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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?

Aside from having no electricity, no internet and all countries implementing a total ban on Bitcoin there could be another futuristic reasons that could possibly make Bitcoin disappear. Worldwide EMP attack, Asteriod impact and end of the world are worst than all of those listed above it could even end the human race. It might not happen today but could possibly be happening in the future but of course I am hoping that it won't come true. Bitcoin is unstoppable without those lists.

Blockfolioz

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Quote from: Haitham on October 19, 2017, 09:09:51 AM

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!

Yea and without electricity and internet u also don't have access to banks and all businesses will die not just BTC Grin

Without electricity and Internet nothing is possible at present. Each and every activity that human does will get connected to internet in one way or the other. So, these reality facts won't let the bitcoin get shut down.

SonicDoom

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The absence of electricity, internet, and bitcoin users. it can also be shutdown if it's declared as illegal in all country.

allthingsluxury

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Governments could definitely make our lives very very difficult, which would have a huge impact on the price of BTC. But fully shut it down? This is nearly impossible.

Portia12

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I think bitcoin will be laast forever why? Because lot of country use now as a currency and they make it legal to use. Some industry or marketplace use to buy some of their product.

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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 think you cant do everything, because in internet network or internet connection is the most important to access bitcoin forums. no internet connection, no projects, no thread, no posting, no everything if your bitcoin network be shutdown completely. if you want do your projects,you must connection your internet to bitcoin forum.

Bohxz M4p4gm4h4l25

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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 thi k it will happen if Worldwide terrorisms or even wars uproar cause people will tend to think about survival than having money during that time, they will seek help and not bitcoin, they will find food and signature campaigns , electricity, @nd internet will probably shutdown of course that will deprived us for using and working for bitcoin.

Honest Tim

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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 all the bitcoin relay nodes are shut down then the network will automatically shut down and no more new blocks will be mined thus no transaction will confirm and bitcoin will fall. But doing that is also not possible at all as it will be only possible in case of a coordinated crackdown and a few countries are there who are supporting bitcoins.

gesdan

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1 reason that makes bitcoin can shutdown is because internet of this world down, but i think it never happen in this world, because right now internet service provider has many backup if their internet down

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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 know much about how bitcoin systems work. I think bitcoin so far there is no problem with the network. so what maybe bitcoin can be shutdown. only the person who created it will be able to answer that question.

Haitham

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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!

Yea and without electricity and internet u also don't have access to banks and all businesses will die not just BTC Grin

Sebas.tian

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If some hacker could control half the hash power then deliberately sabotage its blockchain then yes, bitcoin would technically die. Another way is if the internet is ever shut down which is almost impossible to happen.

carlfebz2

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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 electricity, No internet connection. These two will completely shutdown bitcoin because there would really be no transactions would be made knowing that it would really need internet for bitcoin to be transacted and all other things that do rely on internet itself will surely collapse too even on traditional banking system this would really make things mess up for sure.I cant imagine a world without internet though. Cool

Senswh

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Speachless, Lol. Are you serious,, shutdown ? its like computer Grin

we never dont know what will happen in the future. im sureley bitcoin will still exist if bitcoin be shutdown.

pecson134

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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?

In my opinion there would be three things that will make bitcoins to be completely shutdown. I think it would be electricity, gadget(regardless if it is a computer, cellphone,etc.), and internet. If one of this is not present on the cycle bitcoins would inevitably meets its end so I think these three factors would be essential to each other.

mevmike

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i think the only possible reason for this scenario to happen is the lack of internet and electricity.
any human induced errors cant be that great to cease all transactions with bitcoin.
and this two factors is also not possible to happen in a worldwide level.
therefore it is safe to say that bitcoin cannot be shutdonw...
Cheesy

Babylon

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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?

The only way for the bitcoin to be shutdown is when there are no more electricity and no more internet connection. Those are the things that would stop and completely shutdown bitcoin because those are the main ingredients Grin

for bitcoin to run. And those things are also impossible to happen considering that government all over the world rely on electricity and internet connection.

cramcram21

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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 don't really think that it would ever happen I think that they need to shutdown the internet first so the bitcoin would be totally be frozen,
But they could never do it.

ehrz22

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There are lots of ways for the bitcoin to shutdown, all posted above are true. Aside from electricity and computers/devices the best way to shutdown bitcoin is the internet connection. If there is no internet then there is no way to trade it or use it. But still, bitcoin is alive and as of now I havent heard any one or groups that is planning to shut it down.

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