No One Can Shut Down Bitcoin - page 3.

yohananaomi

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Quote from: liao chandra on June 04, 2021, 04:47:16 AM

Maybe some countries can shut down bitcoin, but to kill bitcoin it is impossible. Bitcoin is decentralized, that's why no person or country can kill bitcoin. So I don't think we need to think about people or countries that don't support bitcoin.

even though there is a prohibition by the state because of the uncontrollable nature of bitcoin and it is clear that individuals can still do it with access points from other countries. As technology advances, everything can be done if there is an intention to do it.

Obviously I agree that bitcoin can be banned but no country will be able to turn off transactions against bitcoin because they are clearly not decentralized which will be difficult to do anything with bitcoin. countries may prohibit by rules but bitcoin will continue to run by itself.

liao chandra

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WFC [World Family Coin]

Maybe some countries can shut down bitcoin, but to kill bitcoin it is impossible. Bitcoin is decentralized, that's why no person or country can kill bitcoin. So I don't think we need to think about people or countries that don't support bitcoin.

Bitcoin-Eco

copper member

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Bitcoin Eco - Environmentally Sustainable

Don't worry about anything "Shutting Down" bitcoin. If Bitcoin shuts down it will be of it's own doing "mining"

Tarin Hart

newbie

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Bitcoin does not rely on third-party institutions and is decentralized.

Without central organization, this means that even if some nodes are closed, the development of bitcoin will not be fundamentally affected.

Individuals or individual countries can't ban it. They can only limit the development speed of bitcoin

Tristan Bieber

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Crack the hash algorithm or get 51% of the world's computing power or everyone in the world loses faith in Bitcoin
The above three respectively represent technology, strength, and spirit.
However, it is impossible with the current human ability. On the contrary, Bitcoin may destroy the current monetary system.

Shasha80

sr. member

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Quote from: molsewid on June 03, 2021, 04:52:22 AM

Quote from: Shasha80 on June 03, 2021, 01:34:54 AM

Nowadays, the internet plays an important role in human life, almost everyone now really needs the internet. And Bitcoin can be accessed if there is
an internet network, meaning that the only way I know of to make Bitcoin shut down is by disconnecting the internet. Which can cause the economy
to crash, because almost all financial transactions have started to be done online. Bitcoin really can't be controlled and shut down, also Bitcoin has
spread to all economic classes. Which both rich people and poor people can own Bitcoin easily right now.

Thinking on how to shut down bitcoin then having no internet connection is the most effective way to make it successful but on the other hand it is so impossible the world without internet connection because internet connection is now one of the major essential of every nation not just to established connection in every nation but most importantly to make the economy run. Knowing that maybe the lost of the internet connection could be the possible way to shut down bitcoin I am thinking that is there possible that we could still make an interaction in bitcoin or in crypto space offline?

It seems impossible to realize Bitcoin or crypto transactions offline, even I can't imagine how this can be done. Because all this time I know Bitcoin
in the online world, so the conclusion for me is that without internet Bitcoin will die, because people prefer to refocus on using fiat if there is
no internet connection. Therefore, in almost all countries now the internet is indeed a mandatory requirement, such as eating. So in other words
it is impossible for the internet to be turned off to be able to make Bitcoin die, because surely the effects of the internet shutdown can be
very dangerous for the economy.

d_fitrie

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Quote from: ropyu1978 on June 03, 2021, 10:57:19 AM

bitcoin is very clear can not be turned off, as long as there are still many people buying and selling bitcoin, and the market is still operating, bitcoin must be difficult to turn off, even though many countries have started to ban bitcoin, for various reasons, such as iran, china, russia, iran, vietnam, turkey and nigeria, I'm sure bitcoin will be safe, because they have banned it for a long time, the proof is bitcoin is fine..

I agree, even though many countries have banned bitcoin, but bitcoin is still there today, even large investors are increasingly interested in investing in bitcoin, but what I'm worried about is that if the internet goes away, will bitcoin still exist?

ropyu1978

hero member

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bitcoin is very clear can not be turned off, as long as there are still many people buying and selling bitcoin, and the market is still operating, bitcoin must be difficult to turn off, even though many countries have started to ban bitcoin, for various reasons, such as iran, china, russia, iran, vietnam, turkey and nigeria, I'm sure bitcoin will be safe, because they have banned it for a long time, the proof is bitcoin is fine..

Bilgent

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Really nobody or no government can finish Bitcoin off. There is only one way actually that is cutting the whole internet. Grin

But this is impossible of course. So there is no need to make an effort to destroy Bitcoin. The best thing to do is regulating it I think.

Bitcoin-Eco

copper member

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Bitcoin Eco - Environmentally Sustainable

Bitcoin cannot be shutdown as long as 2-3 nodes are online it will survive. The question is will Bitcoin destroy itself? Will people always prefer Bitcoin?

jesselui

full member

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Trident Protocol | Simple «buy-hold-earn» system!

If you can't control your will and sell your coins where necessary and don't get your money. You will be very sorry. If bear season comes, you'll have to wait years to earn those coins again.

Mr.sprin

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no one can control bitcoin a lot of news saying bitcoin will disappear or kill bitcoin but until now bitcoin still exists and more and more people are interested in bitcoin investment so shutting down bitcoin is an old story I'm sick of reading.

Expecto

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People should already be aware of this before doing anything in this market. Bitcoin is just unstoppable. Governments can have it their way and ban or regulate it. But it won't cause Bitcoin to stop completely.

jesselui

full member

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Trident Protocol | Simple «buy-hold-earn» system!

They cannot finish Bitcoin, but they can lower the price of bitcoin by manipulation. This must be prevented. People should now understand that they shouldn't be buying and selling things based on someone's tweet.

ven7net

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Quote from: ConnerDalfino on May 28, 2021, 03:52:22 AM

Binance CEO Changpeng “CZ” Zhao said it’s impossible for a single entity to kill bitcoin and its underlying blockchain technology. “I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people's heads,” he added. Binance is the biggest cryptocurrency exchange by volume.

Theoretically, this is true, but governments and regulatory bodies can severely restrict access to and redemption of bitcoin. While the network will always be accessible through an internet connection, and Bitcoin will always have value, it is another issue if BTC use and custody are heavily regulated or outlawed due to Governmental fear of losing their monopoly on the money supply.

Your opinion?

I don't think anyone really wants to shut down BTC right now. Now there is a lot of different information on this matter, but most of it is just manipulation and large players specifically use this information and some media people to whip up the situation around Bitcoin. This is how I see it. Even at the time when BTC appeared, it could be stopped, but no one did it, and now, after several years have passed, BTC has become stronger and its use has become more, which means that the idea of closing it becomes even more unrealistic than it was at the time of it appearance. The emergence of blockchain and cryptocurrencies was not accidental, but planned to achieve certain goals. So BTC is now like the Internet, in order to stop them, you need to turn off all the power in the world, but no one can do this for sure.

secretgirl

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indeed no one can turn off bitcoin, but they the governments can ban it. because they feel they are not benefiting from bitcoin, so they forbid it. the other reason is hacking and criminal networks, that's the main reason they want to shut down bitcoin. all of that was a plan from the past, and crypto still exists today. maybe later the government will be interested and want to create their own digital currency that will compete in the cryptocurrency world.

molsewid

hero member

Activity: 2170

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Quote from: Shasha80 on June 03, 2021, 01:34:54 AM

Nowadays, the internet plays an important role in human life, almost everyone now really needs the internet. And Bitcoin can be accessed if there is
an internet network, meaning that the only way I know of to make Bitcoin shut down is by disconnecting the internet. Which can cause the economy
to crash, because almost all financial transactions have started to be done online. Bitcoin really can't be controlled and shut down, also Bitcoin has
spread to all economic classes. Which both rich people and poor people can own Bitcoin easily right now.

Thinking on how to shut down bitcoin then having no internet connection is the most effective way to make it successful but on the other hand it is so impossible the world without internet connection because internet connection is now one of the major essential of every nation not just to established connection in every nation but most importantly to make the economy run. Knowing that maybe the lost of the internet connection could be the possible way to shut down bitcoin I am thinking that is there possible that we could still make an interaction in bitcoin or in crypto space offline?

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: lepbagong on June 03, 2021, 12:30:21 AM

Quote from: Blowon on June 01, 2021, 10:44:10 PM

Bitcoin can be stopped if there is no longer internet and community, but it is impossible now. We see there are even billions of dollars in the bitcoin industry. That's also one of the factors why bitcoin can't be stopped. If, the internet and technology fade that's when bitcoin disappears.

technology is growing day by day as well as the existence of bitcoin making it something that is very much needed in an era like this. the need for bitcoin is clearly very much needed there is no way anyone can prevent it with the progress that is happening today. added days the progress of bitcoin is unstoppable and is urgently needed to facilitate transactions without any restrictions that can prevent it.

yes the internet plays an active role in the use of bitcoin because without the internet there is no benefit, so it is true that you say bitcoin will fade if the internet and technology no longer exist, but is it possible !!! Of course it will not happen, it will become an inseparable need.

Nowadays, the internet plays an important role in human life, almost everyone now really needs the internet. And Bitcoin can be accessed if there is
an internet network, meaning that the only way I know of to make Bitcoin shut down is by disconnecting the internet. Which can cause the economy
to crash, because almost all financial transactions have started to be done online. Bitcoin really can't be controlled and shut down, also Bitcoin has
spread to all economic classes. Which both rich people and poor people can own Bitcoin easily right now.

electronicash

legendary

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Merit: 1054

Quote from: rodskee on June 03, 2021, 01:02:43 AM

Quote from: dark1234 on June 03, 2021, 12:12:29 AM

we know that until now in some countries there are still differences of opinion and perception about bitcoin and this is what makes bitcoin continue to strengthen from year to year

I don't get it , Countries has differences towards Bitcoin but this is the reason why the currency is going stronger and strengthen ? was that contradicting?

But Ok at least you have a Positive views towards this coin and this market.

No one can stop Bitcoin that's indeed reality ..But once the people stops using this then that will be the shutting time.

fortunately, no one will stop using BTC. i doubt people and even companies will stop using BTC. the government will even adopt the cryptocurrencies including BTC regardless of how much they dislike it being decentralized. the regulations will be very tight one day for BTC since most of us had already submitted KYC documents to exchanges, many might really regret why they did this including me.

rodskee

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Merit: 204

Quote from: dark1234 on June 03, 2021, 12:12:29 AM

we know that until now in some countries there are still differences of opinion and perception about bitcoin and this is what makes bitcoin continue to strengthen from year to year

I don't get it , Countries has differences towards Bitcoin but this is the reason why the currency is going stronger and strengthen ? was that contradicting?

But Ok at least you have a Positive views towards this coin and this market.

No one can stop Bitcoin that's indeed reality ..But once the people stops using this then that will be the shutting time.

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