Topic: Can Bitcoin Ever Be Shutdown? - page 9. (Read 2897 times)
The main thing in bitcoin is the internet and electricity network, because without it we can not make transactions or anything else. The average person has also realized if a time of this world without internet or electricity in a moment bitcoin will be dead or shut down. But hopefully we can find options and other solutions so that bitcoin still no matter what condition.
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
Probably an immensely powerful computer virus that's able to hack any computer participating in the blockchain which is probably more than a million and counting. Bitcoins essentially needs the blockchain to survive so without the blockchain, bitcoins might quite possibly be shutdown.
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!
therefore, 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.
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!
therefore, 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.
No it cant be shut down for whatever reason there is. First of all because it has no illegal issues and Bitcoin is not violating laws under any circumstances. Some country may banned it but it cant be shutdown literally.
Bitcoin will be shutdown, or we do not have to scrub them. Because the Creator says everything will be destroyed. Plan on how to improve it. Because if we can improve or strengthen the blockchain technology then we will have major changes. Because many people using blockchain technology are millionaires. So, we have to work hard to keep our technology in line with patience. But the progress of Bitcoin shows that it will not be shutdown in the near future.
For now I don't see it being probably shutdown for whatever reason. For as long as bitcoin did not violate any legal issues within a country it will never be banned or stopped. Also note that other nations are now trying to accept bitcoins so the possibility of getting banned or stopped is no more than just any FUD. This ideas should not be given more weight.
I believe it's entirely unimaginable. Bitcoin is a Decentralized cash and nobody is controlling it, so potentially bitcoin will never close down. In any case, one probability is that bitcoin will never again be in presence if the web is ceased, which I believe is outlandish. Blockchain is the future innovation and bitcoin is it's best, so have confidence in the innovation, u ll not lament.
What can shut down bitcoin, completely is, power outages and no internet access, because bitcoin just works with electricity and internet, as long as there is internet access and electricity, bitcoin will not end.
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
of course not, the bitcoin moves and drives from the enthusiast and from minining that is available at various points that makes the bitcoin biting never stops, that's the bitcoin advantage that can not be controlled anyone can never even die.
Anything and everything is possible especially in the unpredictable cryptocurrency . On Normal circumstances BTC can not be shut down because its not subject to anyone's or institutional control, making it free. But again when and if the governments decide against it and ban its operation world wide then BTC will cease to operate hence fade off
If there is no electricity and internet connection we cennot use bitcoin and we cannot do bitcoin transaction but it cannot totally shut it down, maybe if the government has a restriction for using or totally ban the bitcoin in your country or maybe if somebody will hacked all the data and force it to shut down but because of its secured system i think it wont happen.
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
To completely close the bitcoin, all countries forbid the circulation of bitcoins, disconnect the internet network. Everyone is no longer interested in using it. But this might all happen but it is very unlikely to happen.
I think it's pretty impossible. Bitcoin is a Decentralised currency and no one is controlling it, so possibly bitcoin will never shut down. But one possibility is that bitcoin will no longer be in existence if the internet is stopped, which I think is impossible. Blockchain is the future technology and bitcoin is it's king, so believe in the technology, u ll not regret.
Marinecoín Crypto currency is here to stay forever I think. There are many nay sayers to this but I am sure they wish they could have some. Payment System in Internet Artificial Intelligence (AI) of Things (IoT). time dilution technology. time dilution technology - artificial intelligence - self sustaining - community - fair distribution - iot. Marinecoín is the future of crypto currency. Everyone will be surprised that coin that was once less than pennies is worth so much more and that is because 20000 peoples will say its worth more. It was once $7 on the exchanges some years ago and it can be there again. It has a new team and a more secure blockchain. The project is to give wealth to 20000 people with transactions on the block chain.
Bitcoin network could be shutdown completely when there's no more internet connection, because without internet connection we cannot make transactions with bitcoin. Bitcoin could also shutdown if everyone will stop using bitcoin.
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.
Bitcoin network could be shutdown completely when there's no more internet connection, because without internet connection we cannot make transactions with bitcoin. Bitcoin could also shutdown if everyone will stop using bitcoin.
nah nobody could kill bitcoin because its decentralized need to kill all computers which mining bitcoin also to stop this system.
No, no, no way for that mate. I am one of the many that will disagree if Bitcoin will be shutted. Shutting one of the most sucessful investing and profiting fast at the same time. On my opinion it will never ever be shutted. NEVER.
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!
Exactly sir. It's just a matter of fact that btc won't function without electricity and internet. I do believe it won't die just because of the bad articles regarding scam and stuff but the lose of internet and electricity will.
I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?
It is very easy. Turn off the internet, everything will die. If that is not enough then turn off the electricity and it will cause a bigger trouble and Bitcoin might finally die with it. If that is not enough again for people to stop using Bitcoin then a ban on all gadgets and technological instruments such as laptops and personal computers could be added, and everything will definitely be gone. Apart from all these, Bitcoin will continue to exist and people will always be supporting it.
You got a point sir. Bitcoin comes with bouth electricity and internet it will not work or no other transactions will become successful without those two. Bitcoin will always exist due to it's proven profitable business, it will never die.
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