Topic: Can Bitcoin Ever Be Shutdown? - page 3. (Read 2875 times)
Bitcoin can never be shutdown by any government. The highest the collaborative effort of the government can do is to regulate cryptocurrencies. They already know that. I heard people mention shutting down Internet, this will affect cryptocurrencies but fiat currencies operation nowadays requires Internet to function well.
Never. Bitcoin will never be shutdown because it is knowned worldwide. Not only that, bitcoin rises or expands too fast. Spreading immensely and not one will and can't stop it. This is just the beginning of bitcoin and it will go too far and rise to the top.
Biticoin can shutdown only if all the governments and countrys ban bitcoin around the world and shutdown all of there mining equipments including manufacturers. And the second way is if all people dump bitcoin and no one will accept bitcoin around the world and thats almost imposibles to happen.
You must end your mining process to completely shut down the bitcoin web.The state will have to take a joint decision to end the mining.I do not think it would be possible for all countries to make joint decisions.
I Think,Bitcoin can shutdown any movement, but its nathing, when any country not support government bitcoin roll and transactions,then Bitcoin is shutdown,but any think bitcoin is actual crypts in world.
I really hope not. Bitcoin is now on the rise, at the very beginning of the path. Bitcoin will be very long.
Bitcoin works in a blockchain set so it does not depend on one server, if there is a problem on one network then another network will solve so it is impossible that bitcoin shut down.
There's no way you can shutdown Bitcoin because no one owns or control the bitcoin so if you have Bitcoin then you can do whatever you wanted to do with it, Bitcoin is not a network so no one can stop Bitcoin transactions and any other cryptocurrencies.
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
Actualy bitcoin can shutdown in the future if all the governments surely ban in all over the world no one accepting bitcoin and no mining no transactions. Shutdown electricity too and enternet will shutdown bitcoin.
I think if the internet goes down too so as the bitcoin go down too , but I think it will never happen because it's part of our daily lives , and we are living on a new era which is techno era. But unless there would be a huge crisis where all the internet will force to close , still we don't know how far bitcoin goes , but then again long live bitcoin.
After a long period of silence, finally came up with your opinion about Bitcoin Bitcoin better than the real money in that you do not have to go to the place and of course, with the big deal the currency is quite inconvenient. Interested in electronic money, but unlike Bitcoin. This will not be an anonymous currency. "Electronic money will become popular in India as well as in some African countries and will help a lot of the poor" over the next five years.
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
That could be many way reason, but i think it will got big effect when - No internet connection
- All of web wallet / exchanges are being shutdown by government, so we are having difficulty convert Btc to fiat or other currencies.
I don't like bitcoin to be shutdown. But, it is possible to be happen because if many people will stop or will end the mining process it will be shutdown completely. But it is more possible that bitcoin won't end ever because of how supporters or trying to invest, trade and participated here in bitcoin. So glad to continue that, so that it will maintain the progress of bitcoin.
You must end your mining process to completely shut down the bitcoin web.The state will have to take a joint decision to end the mining.I do not think it would be possible for all countries to make joint decisions.
It is difficult to totally shutdown bitcoin because as long as there is demand for it users will find a way to have the facility to get bitcoin. Electricity makes the internet possible and only chaos will prevent all of these to continue which I hope that will never take place. Bitcoin penetrated the world, both poor and rich countries.
I totally disagrre that bitcoin can be shutdown. It is really living for a long time I think since it was a decentralized cryptocurrency and we the users and buyers are the real reason why bitcoin is still living today as we continure buying and supporting it it will not die. But it can be ban in some countries who didnt like bitcoin.
For me, nope. Bitcoin will not be shutdown. First of all, bitcoin is not handed by the governments and second, There is demand for it users will find a way to have the facility to get bitcoin. It will come alive due to the fact that cryptocurrency are still penetrating.
When we are using the word 'completely' it means that the situation should take place in every corner of the world at the same time. There are two possibilities of shutting down Bitcoin network completely or making it worthless, the first one is to disconnect the internet and electricity from every corner of the world which is impossible unless there are any efforts from the aliens.
Alternatively, one can attempt 51% attack to make the whole network worthless. However, considering the huge amount of volume, it will require a huge amount of money to attempt the same. If the attack is successful then Bitcoin network will become worthless on the next second resulting in 100% price fall. In other words, it would be a suicide attempt with billions of dollars so again it is practically impossible unless anyone with billions wants to destroy Bitcoin and his own wealth too.
Alternatively, one can attempt 51% attack to make the whole network worthless. However, considering the huge amount of volume, it will require a huge amount of money to attempt the same. If the attack is successful then Bitcoin network will become worthless on the next second resulting in 100% price fall. In other words, it would be a suicide attempt with billions of dollars so again it is practically impossible unless anyone with billions wants to destroy Bitcoin and his own wealth too.
It is difficult to totally shutdown bitcoin because as long as there is demand for it users will find a way to have the facility to get bitcoin. Electricity makes the internet possible and only chaos will prevent all of these to continue which I hope that will never take place. Bitcoin penetrated the world, both poor and rich countries.
This is not possible, until there is at least one campsite connected to the Internet, so you should not worry
Bitcoin can only shutdown if there is no electricity and internet, these are the major factors holding up btc and increasing popularity
It's true that other bitcoin / crypto is dependent on electricity and the internet, but user / person also becomes important because need and use bitcoin is user.No electricity and Internet = bitcoin dead
There is electricity and internet but no one is using bitcoin = bitcoin dead
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