I agree no one can turn off bitcoin now especially now that there are countries that have legalized bitcoin. This is one of the shocking news for the development of bitcoin so for now I don't think there is a loophole to shut down bitcoin.
all rich people want to save their assets in bitcoin so to turn off bitcoin I don't think it will happen now even like you said there are countries that legalize bitcoin so this is one proof that bitcoin is very appropriate for assets in the future. 
Topic: No One Can Shut Down Bitcoin (Read 1225 times)
Yes no one can shut down bitcoin as long as there still a miner out there the Bitcoin cannot be shut down although the government can ban it they still can't stop it and monitor all of its citizen if one or few of them are still mining the government can only do is to ban it but it won't stop the person in receiving and sending Bitcoin as a mode of payment.
Bitcoin is lacking a fixed physical form and it has become a wall that the government cannot destroy, they cannot seize assets that are not in physical form, exactly as you say, the government can go to the mining sites and interact with the owners but they can't do it with all the people who are online, can't verify who is behind the addresses exchanging in bitcoin. The strongest is still our key, sometimes there are passwords that we can't remember and if we don't actively provide it, others can't access it either. 
I agree no one can turn off bitcoin now especially now that there are countries that have legalized bitcoin. This is one of the shocking news for the development of bitcoin so for now I don't think there is a loophole to shut down bitcoin.
Some have given a way but those are just possibilities if something really has to happen as such.A catastrophic dooms-day scenario on earth that shuts down the internet would be the only way the bitcoin network would be "shut down" but this is realistically outside the realm of possibility at this point.
Yes, that's one possibility but the chances of it happening is below to zero point and a decimal percentage.
A catastrophic dooms-day scenario on earth that shuts down the internet would be the only way the bitcoin network would be "shut down" but this is realistically outside the realm of possibility at this point.
I strongly concur with your point. No one can shut down the Bitcoin. It can only happen if their is no internet again and I don't think that can happen. Because even our government now depends on internet. Almost everyone uses internet now. Everything is been computerized now.bitcoin has been in existence for so long, it's a means of employment for many Nigerians. So nobody can close it because as a nation we are gaining from it.
Yes no one can shut down bitcoin as long as there still a miner out there the Bitcoin cannot be shut down although the government can ban it they still can't stop it and monitor all of its citizen if one or few of them are still mining the government can only do is to ban it but it won't stop the person in receiving and sending Bitcoin as a mode of payment.
Unless all the government becomes like China, where every street corner has a camera or some form of surveillance., i think they will be able to suppress anything illegal not to mention that in small spaces, mines gets pretty hot so some neighbors will probably notice it. 
Bitcoin cannot be completely banned or banned from use by any government or group in any country is not possible. Bitcoin is a unique medium of exchange and is not controlled by anyone. Many people think that if the government bans it, it may not be possible to use or exchange it, but this is a completely wrong idea. Because it is not possible for the government of any country to completely ban or control the use of Bitcoin. It depends entirely on its users and the number of Bitcoin users is increasing day by day. So it can be said that no one can stop Bitcoin.
I agree no one can turn off bitcoin now especially now that there are countries that have legalized bitcoin. This is one of the shocking news for the development of bitcoin so for now I don't think there is a loophole to shut down bitcoin.
I really agree with your opinion bro, to turn off bitcoin is now very unlikely, because bitcoin has been legalized by several countries, because the benefits of bitcoin have been felt by many people, bitcoin has lived for more than 10 years, if anyone says bitcoin will die, in my opinion it's not possible.. 
Im so agree with this, back at 2017-2018 period theres so many country banned bitcoin or do something bad into BTC but BTC keep survive and become stronger and more stable every year. And this current situation (China) is just same like before, so we just need to chill and don't panic with this current situation.
I agree no one can turn off bitcoin now especially now that there are countries that have legalized bitcoin. This is one of the shocking news for the development of bitcoin so for now I don't think there is a loophole to shut down bitcoin.
Too late now. If they could they would have done so along time ago. Frankly speaking if you cant beat em you join.
Truly no one can shutdown bitcoin, it has grown beyond that space. Bitcoin is being held by many people all over the world and there truly believe in it and also so many big investors and companies has interest in bitcoin as well because of the profit there derive from it so no matter the situation no one can shut down bitcoin, in the past years bitcoin has faced so many challenges which it overcame so no matter the FUD created bitcoin will survive it's sure and certain.
The circulation of bitcoin between two people will always be available, it is here to stay, if it is legal or not, it should be a consideration in the background for those who are and those who want to join.
Until when(!?) that repetitive discourse on whether governments will accept bitcoin or if they will ban it, the important thing here is that new users of any type arrive, that the capitalization of bitcoin grows and that the volatility of bitcoin finally becomes an intrinsic characteristic of bitcoin that everyone uses as an investment technique and not to whine.
Until when(!?) that repetitive discourse on whether governments will accept bitcoin or if they will ban it, the important thing here is that new users of any type arrive, that the capitalization of bitcoin grows and that the volatility of bitcoin finally becomes an intrinsic characteristic of bitcoin that everyone uses as an investment technique and not to whine.
I agree no one can turn off bitcoin now especially now that there are countries that have legalized bitcoin. This is one of the shocking news for the development of bitcoin so for now I don't think there is a loophole to shut down bitcoin.
if for some reason we get back to the stone age then btc may shut down. otherwise impossible, no matter what legal status. a revolution has taken place, too many are already in the boat. whether viewed technologically or historically. it is impossible.
Agree that no one can shut down Bitcoin from a technical standpoint. But it can fall out of favour just as fast as it fell in favour over the last few years. The price of Bitcoin is determined game-theroretically (it's valued by people according to what they think other people will value it). While some things can be dismissed as FUD when there is just a perceived threat, when the threat becomes reality eventually it well reflect in the game theory determined value.
Theoretically, this is true, but governments and regulatory bodies can severely restrict access to and redemption of bitcoin.
Politicians rule their governments looking for votes all the time. At this moment they are testimonying this phenomenum called "Cryptocracy" and surely they won't want to loose the opportunity to advantage of it. This is the dangerous part for the crypto's success!
One thing is to let cryptocurrency be regulated in a decentralized way another thing is a government dictate its rules about. Specifically, Bitcoin has its own identity so it is a self protected coin against the old financial system but a non protected coin when exposed to the nonstop reinvented politics in hands of unscrupulous polticians. It could occur If, I say if, they monopolized Bitcoin, fact that is practically impossible!
Long live to the Cryptocracy!!!
Pretty much. They can outlaw it, but they can't ban it.
And yes, a country's government making the ownership of bitcoin illegal would definitely be unfortunate, but let's be honest here: how successful are governments going to be in banning digital things? They can't even ban digital piracy and drug usage, what more with a freakin decentralized asset?
when the government banned bitcoin and made it illegal, its citizens did not necessarily follow such advice. there must be some of its residents who are still doing both trading, mining and trading here.And yes, a country's government making the ownership of bitcoin illegal would definitely be unfortunate, but let's be honest here: how successful are governments going to be in banning digital things? They can't even ban digital piracy and drug usage, what more with a freakin decentralized asset?
because yes, it is like you said, even though it is forbidden to trade drugs, it still exists and is rampant everywhere as well as bitcoin whose assets are decentralized and of course it is very difficult for countries to track and prohibit.
although it may sound like illegal and criminal to be on the other side (not allowed by the government) but I'm sure there are still some people in countries where bitcoin is banned still doing that
A Bitcoin ban can only happen indirectly if there is a threat to the real economy. The threat potential depends on the size of the hype. Bitcoin has lost some of its attractiveness with some credit card providers. The reason is that credit cards are issued in someone else's name and are therefore suitable for converting money obtained through criminal activity into cash.
The only long-term threat I know of is quantum computers, but it is still impossible to crack crypto right now.
Shutting down is a much bigger challenge; the worse I could think of is the idea of bitcoin losing its credibility due to manipulation.
No such information provided that killing BTC is possible.
the chances are very slim and i'm hardly sure btc will lose its credibility even if there is manipulation. we know some people have tried to manipulate with fud and bad news about btc. but until now btc is still going strong and still surviving no one doubts that.Shutting down is a much bigger challenge; the worse I could think of is the idea of bitcoin losing its credibility due to manipulation.
No such information provided that killing BTC is possible.
from here we already know what the credibility is like and in the future I also think it will be like that, the credibility of tc will remain above and will not waver due to manipulation
The only long-term threat I know of is quantum computers, but it is still impossible to crack crypto right now.
Shutting down is a much bigger challenge; the worse I could think of is the idea of bitcoin losing its credibility due to manipulation.
No such information provided that killing BTC is possible.
Shutting down is a much bigger challenge; the worse I could think of is the idea of bitcoin losing its credibility due to manipulation.
No such information provided that killing BTC is possible.
And I really doubt btc can lose credibility over market manipulation, many people already know the reason why market is been manipulated, whales do this to create panic and weak hands will sell their coins away cheaply, this has nothing to do with btc reputation,
And as for government, they can only try to ban and that is as far as it goes, even when they ban trading still go on in the background, government can really do much because people will always find alternatives.
Anyone who participates in market with either trading or investing should know that manipulation is always part of the game in one form or another. It is what it is, whether it is crypto or gold or real estate or anything else, the markets are manipulated in some way. I don't think there is ever a solution to that. It's like a set in stone rule of the game.
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