Pages:
Author

Topic: Can Bitcoin Ever Be Shutdown? - page 2. (Read 2897 times)

full member
Activity: 238
Merit: 100
April 22, 2018, 06:31:39 PM
I am not aware that anything in the history of the mankind was shot down ever be and this circumstance alone guarantees that it will not happen to bitcoin as well. Theoretically and practically it could be shut down in local areas without electricity and internet, but if you live in those areas you will have other problems than electronic money not working.  
I kind of agree with you! But I think that in principle everything is possible! In fact, bitcoin lives, while people believe in it and keep their money in it! If what you describe is going to happen, many will just start selling their bitcoins, which will cause panic in the entire crypto-currency market and people in principle may lose interest in bitcoin, which in principle is commensurate with its disappearance!
newbie
Activity: 126
Merit: 0
April 22, 2018, 06:21:47 PM
Only when governments around the world unite to shut down the Internet and power systems, BTC's systems can be shut down!

Of course, shutting down the world's networks and power systems would be devastating to the world economy.
jr. member
Activity: 280
Merit: 2
April 22, 2018, 06:18:55 PM
if we analyze how Bitcoin started its way and what it went through, we can conclude that no, it will stop only if the Internet dies!
full member
Activity: 421
Merit: 105
April 22, 2018, 06:08:35 PM
It will be shutdown only if its creator Satoshi Nakamoto decided to shut it down forever. But why would he will do that? Seeing how his/their creation's success over the past 10 years will are making them proud and wealthy. So i don't think bitcoin will ever be shutdown for good.
I agree with you but I think it won't happen. I think Bitcoin will stay longer and the price will increase. People continuously supporting it so there's no way that could bring Bitcoin down.
newbie
Activity: 281
Merit: 0
April 22, 2018, 06:05:34 PM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

      Maybe it will be happen to bitcoin if we go back to ancient time which is there is no electricity supply because we are all know that bitcoin is online digital currency which always need an internet that also need electricy for every transaction. Even Government ban bitcoin as long as there is an internet bitcoin will continue to live and exist in this world.
full member
Activity: 336
Merit: 103
April 22, 2018, 05:58:27 PM
I am not aware that anything in the history of the mankind was shot down ever be and this circumstance alone guarantees that it will not happen to bitcoin as well. Theoretically and practically it could be shut down in local areas without electricity and internet, but if you live in those areas you will have other problems than electronic money not working.  
newbie
Activity: 52
Merit: 0
April 22, 2018, 05:53:32 PM
Yes bitcoin is a decentralized coin so no one can manipulate the price but they have a developers that keep the bitcoin in good condition. And the supporters of bitcoin around the world is very strong. So it is never beened shutdown.
member
Activity: 350
Merit: 11
W12 – Blockchain protocol
April 22, 2018, 05:44:59 PM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

Absolutely yes it can be shutdown like if we are having disasters, wars or crisis then everything that related to the Bitcoin network processing  will be shutdown or will be affected like the electricity, communications and internet connection. Without these tools Bitcoin will be gone.
full member
Activity: 476
Merit: 100
www.daxico.com
April 22, 2018, 05:07:12 PM
It will be shutdown only if its creator Satoshi Nakamoto decided to shut it down forever. But why would he will do that? Seeing how his/their creation's success over the past 10 years will are making them proud and wealthy. So i don't think bitcoin will ever be shutdown for good.
sr. member
Activity: 714
Merit: 250
April 22, 2018, 02:10:58 PM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

Well I guess you should first convince everyone that bitcoin is not a good thing to deal with before you can actually shut it down. When things like this have become engaged in the economy, it will be nearly impossible to stop it because some people will still supports it no matter what. As long as there is a country where it is allowed to be operated and the people has freedom to choose, I can say that bitcoin will last until mankind ends.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
April 22, 2018, 02:09:15 PM
Bitcoin can be shutdown if the internet or the electricity are down in all the country of the world and i don't think that is possible

Yes it is a new thinking but opinion is when the people not to use online currencies bitcoin may be shutdown or die but it is not possible in today’s generation and online currency are very comfortable for them to access easily.
full member
Activity: 305
Merit: 100
April 22, 2018, 02:05:25 PM
Unless every single government in the world bans bitcoin and makes it illegal I don't think Bitcoin could be shutdown and all the governments banning bitcoin isn't going to happen as at least some countries are going to be in favor of crypto currencies and they would be enough for Bitcoin to survive in this world.
sr. member
Activity: 623
Merit: 251
April 22, 2018, 02:03:45 PM
If all sources of electricity, data and internet communications were closed down throughout the planet, bitcoin nodes wouldn't be able to contact each other. The system will be futile
member
Activity: 378
Merit: 10
April 22, 2018, 02:01:10 PM
NO. The presence of internet and power will not allow it to die except if they die. Internet and electricity is the major sources for the death of bitcoin. The price is really picking up and the solutions are here to stay.
member
Activity: 224
Merit: 10
April 22, 2018, 01:54:02 PM
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

Bitcoin is not a weaker currency that it can be shut down by one person easily it is a very strong currency system and through this currency we can make online transactions in the world and if we look at the bitcoin features and altcoin it is very convenient for us to use this and at right time we can use this currency for payments for investment and trading of crypto is also good and i like it.
full member
Activity: 392
Merit: 100
April 22, 2018, 01:45:13 PM
Never think that will be possible due to his decentralized nature  ,i only believe the price can fall big but people will still be trading it..
member
Activity: 154
Merit: 10
April 22, 2018, 01:39:49 PM
It can be shutdown of course.  Well maybe the government will intervene but it seems impossible because of different views on bitcoin.  Absolutely if there would be no internet and no electricity.  And that is also impossible.  So I guess it is not possible for bitcoin to be shutdown.
full member
Activity: 434
Merit: 102
April 22, 2018, 01:27:04 PM
Bitcoin can be shutdown if the internet or the electricity are down in all the country of the world and i don't think that is possible
jr. member
Activity: 155
Merit: 1
April 22, 2018, 11:42:44 AM
Under the present scenario it is NOT POSSIBLE to Shutdown bitcoin as to bring down the curtain down either the Internet is need to be pulled down, or the electricity to be shut down.

Given these conditions are in most likelihood is impossible to meet. as such we can conclude it is not possible to shutdown the Bitcoin.
newbie
Activity: 56
Merit: 0
April 22, 2018, 11:39:56 AM
I don't believe bitcoin will shutdown, as long as there is an investors and users that continue to use bitcoin, it will also continue to grow and never gonna stop.
Pages:
Jump to: