Can Bitcoin Ever Be Shutdown?

There are chokepoints like the exchanges or businesses, which might hurt the price a bit but long term it is incredibly hard/impossible to shut down. Really only the liquidity would be really hurt.

Quote from: yusufjalal on October 13, 2017, 11:12:12 AM

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

I dont know what's on your mind.
too weird a question that not many people think. you don't have to think about things that will not find the absolute and true answer. they are just opinions and opinions. so why not plan for the future bitcoin or crypto? think back.

Why not ? What had started has to end , let it take alot of time but will end one day. No matter Bitcoin is the first decentralised leading crypto currency, it can end anytime and we can't do anything about it. But you don't have to worry about that now , I don't feel that there is anything that will stop Bitcoin now because Bitcoin is on a rise and there is no stopping now.

which can shutdown the bitcoin is an internet connection that provides services to bitcoin, which can make bitcoin can not access by many people. and also country regulation can make shutdown of bitcoin

Quote from: yusufjalal on October 13, 2017, 11:12:12 AM

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

Electricity and internet connection, these both things are important for bitcoin and play an important part in bitcoins life. Of course you can't access your wallet without internet and electric power. Bitcoin is completely depends on both For example for mining you need electricity, for trade you need internet.

YES, Definitely,
turn down the electricity all over the world and you will be sure that bitcoin will no longer exist!

Quote from: andrew24p on October 13, 2017, 04:10:36 PM

There are chokepoints like the exchanges or businesses, which might hurt the price a bit but long term it is incredibly hard/impossible to shut down. Really only the liquidity would be really hurt.

What do you think about decentralized exchanges like Bisq? Shouldn't they be unable to be shut down? I agree that they have nowhere near the volume of the larger exchanges but if the governments really started squeezing, how many people do you think would move over? Could it become the new norm?

Quote from: yusufjalal on October 13, 2017, 11:12:12 AM

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

I basically disagree on its shutdown. The nodes widespread is quite enormous and secured. It has come to stay for real. I believe it is being incorporated now into payment systems in some important places and meaning so meaning nothing can go wrong. And finally, since bitcoin thrives on the internet and electricity, it will take a ripple damaging effect from them to affect bitcoin's shutdown.

The chance of government shoting down bitcoin is not realistic because countrie have different policy .i think bitcoin remain whatever circumstances .Internet,electricity will continue to running bitcoin development.

1 government that has already declared itself to be an Enemy of Bitcoin (tm) could suddenly confiscate 80% of all existing mining hardware, and optionally attack the blockchain with it.

Governments can always get involved to shut bitcoin down, just like China did and there isn't much we can do.

I think no because it is hard to shutdown. See the torrent file sharing? They can shutdown the site but they will never remove peers that were sharing the files. Same thing with bitcoin. As long as there is one person broadcasting the nodes and mining the chain, bitcoin will never be shutdown. That is the beauty of open sourced decentralized technology.

Well it is possible to that bitcoin may shut down because of the following reasons. Firstly as bitcoin is a digital form of currency/ cryptocurrencies. It can not be used if there is no electricity or internet, which will ultimately lead to its shut down. Secondly if governments of countries ban bitcoin then it will also lead to its shut down.

I would say new more technically advanced technology will take over the world one day (Etherium?). And bitcoin will lose value and die out naturally due to luck of public interest. Other than that it has no real enemies

It'll never be shut down on its own, but the value could go down to 0 if no one finds any value in it. Also as someone else mentioned, if the world lost power and the internet stopped forever, then it would be lost.

If you would ask this question few years ago, I could answer as yes but after this point nobody has power to shut it down. it's the inevitable reality at the moment and will be in the future.

Quote from: AntCoin_dev on October 13, 2017, 04:02:48 PM

Never happen this guys. If have a dead day

is not never happened. There is always a risk of bitcoin collapse. However, the odds to happen are very small. So, we do not need to worry. The existence of bitcoin depends entirely on the market.

At the end of the day no one controls bitcoin and this is why so many countries like china and russia are afraid of the power that bitcoin can generate.

Quote from: ghost07 on October 13, 2017, 11:21:47 AM

Quote from: joseafonso123az on October 13, 2017, 11:15:12 AM

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!

I agree if we dont have electrixity and internet bitcoin will die because it digital coin.

I am pretty sure about this. But let think wider, when electricity is shut down. Every aspect of this realm may be turn in disaster. In few country, there is so many Radioactive Nuclear Reactor that have coolling control system depents on electric. When electric is down, coolling system is disable. Huge Massive Explode begin to appear

Quote from: swiftblade on October 13, 2017, 09:11:27 PM

Quote from: ghost07 on October 13, 2017, 11:21:47 AM

Quote from: joseafonso123az on October 13, 2017, 11:15:12 AM

I agree if we dont have electrixity and internet bitcoin will die because it digital coin.

I think science is becoming more and more advance with the passage of time therefore i think that there are very rare chances that electricity will down. even the backward countries are now producing electricity from solar energy, therefore i do not think that bitcoin will shutdown due to shutting down of electricity.