Topic: Can Bitcoin Ever Be Shutdown? - page 22. (Read 2900 times)
Bitcoin will still be there even without electricity or internet, it will just be not accessible. For the government to shutdown bitcoin, it takes all the countries in the world to do that. If bitcoin will be regularized in some countries while some not, then bitcoin will still be existent. Maybe what can make bitcoin of no value or void is another cryptocurrency taking its place.
which can close this bitcoin is when the world has experienced electricity crisis and no internet network anywhere. Because bitcoin work system is a virtual world which in this case requires the internet media.
No need to think of such a shut down. It's time for us to think about the further development, because its clear that the blockchain technology is gonna make a big change in all sectors when implemented. As a beginning, at present there are several firms that have started to use the blockchain technology.
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
To many operating systems && other communications .nets, the real question would be "can you shut down entire operating systems, radio or television"? Sure, but IT would take mountains to move && or what would be the outcome of such an idea?
Can the Government step in?? I guess so
You guess so? The government could regulate Bitcoin into oblivion if they really wanted to, the government has this sort of power to be able to kill Bitcoin off at any moment. Some governments have already taken these steps but, none of the bigger ones GDP wise has.
Electricity going down would cause internet, all the miners, nodes, and so on to also go down. So that'd take the rug out from under BTC
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!
as far as I know the bitcoin archive are in for conditioning,hard drive so no electricity, no internet not kill it. However it will not be traded, only exists in the form of worthless. no electricity, no internet, the world will going back to Neolithic 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!
in myself bitcoins is not shutdown, because every minutes bitcoins is high and high demand in every country, so many renewable energy technology is made, so bitcoins is not shutdown in electricity issues. on internet issue many of country has a free internet in super high speed internet connection, if many people loves bitcoins, so many people invented the way that the bitcoins prevent shutdown 
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
To be able to completely shut down the Bitcoin network all Bitcoin nodes should be destroyed which is those computers that runs bitcoin client software and has a blockchain on it. It's impossible to do that since Bitcoin nodes are spreading worldwide. Other ways to shutdown bitcoin, If all people lose interest using it, All countries ban of using it, Government shuting down electricity and internet connections. These are all possible scenarios but highly unlikely to happen. 
Can the Government step in?? I guess so
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 agree if we dont have electrixity and internet bitcoin will die because it digital coin. 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!
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!
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 was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
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