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Author Topic: Can Bitcoin Ever Be Shutdown?  (Read 2846 times)
fortuneteller
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April 14, 2018, 11:53:33 PM
 #241

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!

Definitely, and if i may add END OF THE WORLD?. (Smiling) bringing bitcoin to a total shutdown is like waiting for the ocean to dry, possible but it'll take time and it'll happen in differrent places first, different scenarios and different reasons.
fanhuaijiao713
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April 14, 2018, 11:58:37 PM
 #242

BTC is a huge book that exists on the Internet!

To close the BTC needs to close the block chain so BTC user's network, this seems very difficult to achieve!

BTC will only die because of the Internet shutdown.
vasilvas15
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April 15, 2018, 08:30:34 PM
 #243

Stop bitcoin is impossible, it can not be controlled by one or a group of people. One can only beat the bitcoin, those who have a large percentage of all bitcoins, but then all the crypto-currencies will collapse, and with them the world economy as well. There will be a disaster.
KITTY 0108
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April 15, 2018, 08:33:30 PM
 #244

It might be possible.

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April 15, 2018, 08:54:45 PM
 #245

I think some danger to bitcoin is the jurisdiction of some countries, this more affects distibution than technical problems
gtx1060aa
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April 15, 2018, 09:57:28 PM
 #246

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!
MoeKaloolon
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April 18, 2018, 12:05:50 PM
 #247

There is no way to shut down bitcoin unless you plan on shutting down the internet, it is something that will remain for a long time, all you as an investor needs to worry about is securing your coins.
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April 18, 2018, 12:08:10 PM
 #248

I think not! The price is a very important thing in the bitcoin future! If the price goes down the mining price then is a problem!
tayogpanganiban
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April 18, 2018, 12:12:27 PM
 #249

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

I  hope this will not be happen because there are so many people  that will lose their source of income especially for me that has no job at all and only depending in signature or bounty campaigns.

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Astermony
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April 18, 2018, 12:24:43 PM
 #250

in myself bitcoins is not shutdown, because every minutes bitcoins is high and high demand in every country, so many renewable energy technology is made, so bitcoins is not shutdown in electricity issues. on internet issue many of country has a free internet in super high speed internet connection, if many people loves bitcoins, so many people invented the way that the bitcoins prevent shutdown Wink
Yes I agree with you. There are a lots of supporter of bitcoin so it is impossible to be shutdown. I think theres no reason to shutdown bitcoin. Even though it has a low value now adays but it is not an excuse to shutdown it because users believe that it will high.
Memminger
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April 18, 2018, 12:29:41 PM
 #251

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!

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.
Memminger
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April 18, 2018, 12:31:02 PM
 #252

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.
Godday
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April 18, 2018, 12:32:43 PM
 #253

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!

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.
Electricity or the internet will never be extinct because now everything is modern and when both are lost then all sectors will certainly tergangu because both of these things is the most important also in the economic sector

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JoshJelly
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April 18, 2018, 02:01:27 PM
 #254

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.
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April 18, 2018, 02:05:39 PM
 #255

nah nobody could kill bitcoin because its decentralized need to kill all computers which mining bitcoin also to stop this system.

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Geljames28
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April 18, 2018, 02:19:46 PM
 #256

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.
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April 18, 2018, 02:23:36 PM
 #257

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.
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April 19, 2018, 03:01:38 PM
 #258

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.
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April 19, 2018, 03:14:40 PM
 #259

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.
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April 19, 2018, 03:32:14 PM
 #260

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.
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