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Author Topic: Can Bitcoin Ever Be Shutdown?  (Read 2846 times)
missyqt29
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April 23, 2018, 09:28:28 PM
 #421

I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

The only effective yet almost impossible way to permanently shutdown bitcoin is only through disabling the Internet all together. It is all because as long as their is internet, there will be people that will the opportunity to practically use bitcoin for business and technology. Bitcoin has been already made its name, so erasing its legacy will be a very difficult task to finish because bitcoin has helped many people around the world.
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April 23, 2018, 09:36:12 PM
 #422

If in the world something happens to the Internet, something global, it will clearly harm bitcoin and may even contribute to its disappearance.
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April 23, 2018, 09:52:27 PM
 #423

A place without wifi or power couldn't use bitcoin.
olegblinov86
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April 23, 2018, 09:55:04 PM
 #424

Most likely, bitcoin will die if the Internet dies. But now the whole world is focused on the Internet, so even if something happens to him, it will not last long.

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April 23, 2018, 10:52:49 PM
 #425

If in the world something happens to the Internet, something global, it will clearly harm bitcoin and may even contribute to its disappearance.
I think if the world is disconnecting the internet , that's would be the end of this world because exchanging the informations is likely living or death. Without internet , this world will be just a ruin left over because there will be no more connections from people in this world . It's really hard to happen which mean Bitcoin is also hard to be shutdown.

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April 23, 2018, 10:59:52 PM
 #426

In the case of 51% majority attack on the blockchain which requires unimaginable computing power to do, yes. But even in this scenario, it would only achieve a temporary shutdown which makes it unprofitable for whoever does, cos the system will strike out the corrupted block. And if it is from government side, just know that it aint gona happen, people are more powerful than government, bitcoin is the people
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April 23, 2018, 11:06:29 PM
 #427

Bitcoin can shutdown once no one invest on it and no electricity or no internet the are main for shutting down the bitcoin its really important that all of this are not shutting down to always remain bitcoin.
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April 23, 2018, 11:10:46 PM
 #428

A place without wifi or power couldn't use bitcoin.

And I guess it don't matter since they can't use Bitcoin in that place.

Most likely, bitcoin will die if the Internet dies. But now the whole world is focused on the Internet, so even if something happens to him, it will not last long.

Happen to "him"? Who's him? Internet is the blood of Bitcoin, without it will obviously die but internet will not die that easily since it is a used scenario that we always use the internet every time in our life.

Bitcoin can shutdown once no one invest on it and no electricity or no internet the are main for shutting down the bitcoin its really important that all of this are not shutting down to always remain bitcoin.

If no one invest on it I will kill myself. Electricity? Nah, that is way out of the box.

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v0rtecxz
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April 23, 2018, 11:15:51 PM
 #429

the internet is the most important part in accessing bitcoin, if the most important part is lost or turned off then bitcoin becomes useless, well what is part of the internet, energy resources ie electricity if the need for resources such as electricity can not be produced again, of course all the equipment and activities using electric power will die, certainly a big impact for the Internet because it requires electricity as a connecting road between the two
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April 23, 2018, 11:22:50 PM
 #430

Bitcoin will be shut down from within if any scenario was viable in that way.    The way that some miners have forked away to another blockchain type is how the original protocol would most likely end.    I dont see it ending from external means otherwise, just one government is not a reason as Bitcoin is a global transfer system and remains anyway.

A bit like how Dollars were banned in the old USSR system, they were used anyway at least on the edges of that empire because regardless this was a good system or better system then the communist operated rouble at that time.    The reason to doubt Bitcoin would be for internal reasons, I did see the fees being so high as a possible end but it has been resolved and luckily it was seen correctly as a problem for long term viability.

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April 23, 2018, 11:29:46 PM
 #431

I was just wondering, what would it take for the Bitcoin Network to be shutdown completely?

If all countries banned bitcoin, if the internet shuts down, bitcoin will also shuts down because bitcoin runs by internet. And if no one uses bitcoin, there is a possibilty that bitcoin shuts down.
Bitcoin will shutdown if that 3 things happen.
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