The One Thing That Could Stop Bitcoin

[DabsPoorVersion]

I don't think anyone will be able to stop the circulation of bitcoin, there will still be people who use bitcoin, because bitcoin has price movements depending on demand at the exchange so I think bitcoin will still be there even though nobody is doing bitcoin mining anymore .

Basically, the less bitcoin supply can be mined, the higher the market price of bitcoin will become, the reason why is because of the shortage of mined bitcoin by miners, as well as the psychological impact that bitcoin will now have a fixed market volume that its market price will not be affected that much. In this case, we can expect huge market price and no possible reason to stop it other than when government said so.

Even the government cannot stop us. I dont see any thing that might stop bitcoin. Only internet could be the problem for us , nothing else. If internet will be shut down by government expect that many enterprises will make a rally againt government.

I think there is nothing that can stop bitcoin. Even the government cannot stop it because they don't know who runs bitcoin since it is decentralized. They are planning to enter a cryptocurrency and want to regulate it but they can't do that. Maybe the internet can stop bitcoin because it is online but it is impossible to shut down knowing that the internet is being used all around the world and even the government is using that so there is nothing that can stop Bitcoin from growing. With regards to the topic about china, I dont think also that they can shutdown bitcoin yes we can say that China is a big country but look at the supporters and investors all over the world compare to that country.

Bitcoin is still invulnerable in the eyes of many crypto users, but there are still flaws that become the reason for it to stop for functioning.
We're still blinded on how it is valuable, but if you focus on disadvantages you can say that it is possible.
If bitcoin stops its progress and development, who knows what will happen, it may become the reason for it to shut down.

[1714188812]

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[rijaljun]

Even the government cannot stop us. I dont see any thing that might stop bitcoin. Only internet could be the problem for us , nothing else. If internet will be shut down by government expect that many enterprises will make a rally againt government.

Are you trying to say that only internet could stop Bitcoin?

Have you ever heard someone sending bitcoin via radio transmission? It's pretty interesting to know, google it if you haven't heard about it. Bitcoin could not easily be stopped, there are many options to keep it alive.

[Lmaooo]

I don't think anyone will be able to stop the circulation of bitcoin, there will still be people who use bitcoin, because bitcoin has price movements depending on demand at the exchange so I think bitcoin will still be there even though nobody is doing bitcoin mining anymore .

Basically, the less bitcoin supply can be mined, the higher the market price of bitcoin will become, the reason why is because of the shortage of mined bitcoin by miners, as well as the psychological impact that bitcoin will now have a fixed market volume that its market price will not be affected that much. In this case, we can expect huge market price and no possible reason to stop it other than when government said so.

Even the government cannot stop us. I dont see any thing that might stop bitcoin. Only internet could be the problem for us , nothing else. If internet will be shut down by government expect that many enterprises will make a rally againt government.

I think there is nothing that can stop bitcoin. Even the government cannot stop it because they don't know who runs bitcoin since it is decentralized. They are planning to enter a cryptocurrency and want to regulate it but they can't do that. Maybe the internet can stop bitcoin because it is online but it is impossible to shut down knowing that the internet is being used all around the world and even the government is using that so there is nothing that can stop Bitcoin from growing. With regards to the topic about china, I dont think also that they can shutdown bitcoin yes we can say that China is a big country but look at the supporters and investors all over the world compare to that country.

Bitcoin is still invulnerable in the eyes of many crypto users, but there are still flaws that become the reason for it to stop for functioning.
We're still blinded on how it is valuable, but if you focus on disadvantages you can say that it is possible.
If bitcoin stops its progress and development, who knows what will happen, it may become the reason for it to shut down.

Forget about the bitcoin miners in China, we have enough bitcoin nodes and miners in other parts of the world to maintain the bitcoin network. Bitcoin is one of the most popular trends on the web right now, the more popular bitcoin gets the more bitcoin miners and nodes we can have around the world. I think the only thing that can stop bitcoin is internet failure which is not going to happen.

[ReiMomo]

Even the government cannot stop us. I dont see any thing that might stop bitcoin. Only internet could be the problem for us , nothing else. If internet will be shut down by government expect that many enterprises will make a rally againt government.

Are you trying to say that only internet could stop Bitcoin?

Have you ever heard someone sending bitcoin via radio transmission? It's pretty interesting to know, google it if you haven't heard about it. Bitcoin could not easily be stopped, there are many options to keep it alive.

Well, thank you for that information. I didn't know that there is alternative way of sending Bitcoin not using the internet.
Here is the link I had found. https://news.bitcoin.com/no-internet-no-problem-how-to-send-bitcoin-by-amateur-radio/
Yes, Bitcoin is really hard to control and even who wanted this to shutdown. Government has nothing to do in bitcoin, they could even stop this.

[DaftAjax]

Are you trying to say that only internet could stop Bitcoin?

Have you ever heard someone sending bitcoin via radio transmission? It's pretty interesting to know, google it if you haven't heard about it. Bitcoin could not easily be stopped, there are many options to keep it alive.

Yes, it's possible. But there are complications by doing this.

By the by, a radio frequency (specifically) has two branches, Very High Frequency (VHF) and Ultra High Frequency (UHF). VHF has a range of 30-300 MHz, and VHF station could be operated for 100, 000 watts and could travel a 60-mile-radius--that is mostly utilized by FM radios, some TV broadcast. While UHF has a range of 300 MHz – 3 GHz, and VHF station could be operated for 3,000,000 watts (that's a lot) but also could only travel at a 60-mile-radius--that is mostly used for a lot of electronic communication devices, e.g. mobile phones, wireless LAN, Bluetooth, TV, and land radio. Sure, it is going to be an alternative, but think about it, what would be the side effects when doing this or rather what would be the consequences? And I wonder how fast (or slow) the transfer of Bitcoin would be, or what would happen if the connection was cut off. Well, I can google it and just know it right away but I'd rather let someone tell me about it.

Source: Range, Frequency, and other details

Well, thank you for that information. I didn't know that there is alternative way of sending Bitcoin not using the internet.

Just because you can, doesn't mean you should.

[LUCKMCFLY]

What many people talk about is the non-usability of Bitcoin, but today the adoption is stronger than ever, some news has indicated that some countries in Africa have increased the possibility of adopting Bitcoin more, however, others bet on wanting to weaken Bitcoin, but how?

Through the purchase of the hodlers, but this is something that will not happen, it is a plan that some governments have, when they buy the hodlers they can destroy bitcoin, but it is something illogical, many hodlers will never sell Bitcoin, it is what represents them , it's like your life, you can't sell life.
 In this article you can see in detail: https://bitcoinist.com/governments-wont-control-bitcoin-hodlers-will-never-sell-expert/

[WatchMaker]

Communities make up the development of Bitcoin. Therefore, only the developer community and the user community can stop Bitcoin

Dying from within is indeed the only way it's going to happen. If users, miners and developers give up on it then all you're left with is some useless code. Even then some enthusiasts may keep it ticking over but it would be a curio from then on. I've no idea what would inspire a mass walkout but nothing else will kill it off.

Indeed, I think bitcoin will only die when it becomes valueless where there is zero demand for bitcoin by the public. The demand for bitcoins by the people is everywhere that is why bitcoin is very valuable today. Zero bitcoin demand is the only thing that will kill bitcoin, not bitcoin miners or china ban.  

[nathanielB]

There is only 2 thing that can stop bitcoin to grow or stay in this world

1. If and  only if every country (no one will be left) will unite on not accepting BTC and will banned them on every people they have.
2. IF and only IF there will be no demand and every one will send it to burning wallet address.

as long as there is a few accepting and having it, BTC will never be gone!

yeah maybe it's right

[TheGreatPython]

I think that China is manipulating the price and will continue to build up its own mining. Perhaps in the future, we will see even economic cryptocurrency wars between states.

I would not doubt this also, we have very good and sound analyst in this market and many of them could not have been that bad to have been having wrong prediction no matter how volatile that the market may seems. We just keep blaming some predictions that has not come to past, it is not that the analyst didn’t get it right, but because of the manipulations that is coming from these types of countries is the reason why all this is happening.

China has so much money, and they could honestly use it to manipulate the market, and I think that majority of us should learn to always adjust to this also and move along with them in whatever way they are operating, like when bitcoin fell to $7500, I know they would want that to discourage people, but rather, I bought more bitcoin because I know they will still manipulate it up.

[ice098]

Are you trying to say that only internet could stop Bitcoin?

Have you ever heard someone sending bitcoin via radio transmission? It's pretty interesting to know, google it if you haven't heard about it. Bitcoin could not easily be stopped, there are many options to keep it alive.

Yes, it's possible. But there are complications by doing this.

By the by, a radio frequency (specifically) has two branches, Very High Frequency (VHF) and Ultra High Frequency (UHF). VHF has a range of 30-300 MHz, and VHF station could be operated for 100, 000 watts and could travel a 60-mile-radius--that is mostly utilized by FM radios, some TV broadcast. While UHF has a range of 300 MHz – 3 GHz, and VHF station could be operated for 3,000,000 watts (that's a lot) but also could only travel at a 60-mile-radius--that is mostly used for a lot of electronic communication devices, e.g. mobile phones, wireless LAN, Bluetooth, TV, and land radio. Sure, it is going to be an alternative, but think about it, what would be the side effects when doing this or rather what would be the consequences? And I wonder how fast (or slow) the transfer of Bitcoin would be, or what would happen if the connection was cut off. Well, I can google it and just know it right away but I'd rather let someone tell me about it.

Source: Range, Frequency, and other details

Well, thank you for that information. I didn't know that there is alternative way of sending Bitcoin not using the internet.

Just because you can, doesn't mean you should.

If radio transmission is possible in sending bitcoin then everybody needed to know that in radio transmission there are so many hindrances we should know so that we could send the data/message/transaction and received it without any losses, yes losses is the main problem in transmitting data signal using that , because in every transmission we should consider the weather, the obstruction such buildings , location whether the altitude of that source is good of it is in the "dead spot" sending bitcoin thru radio signals is possible but there are so many things we should consider so that there will be no "losses" nor no "antenuation" will be made, so sending bitcoin thru internet cloud is the easiest and fastest way because it is uses different medium also yes we need to consider some things but it is easily to solve than in radio signal, and additional fact: radio signal is desined for analog not for digital communications. Higher bandwidth and high power is needed in digital.

[AskGamblers]

The one thing that could stop Bitcoin is if people stop believing in it.

[asus09]

Though China can have a big impact on bitcoin since the largest hashrate in mining bitcoin comes from China and even the powerful mining hardware are also coming from China. The antminer series that are hot stuff on the market are made by bitmain which is located in China. Also the electric cost in mining in China is much cheaper compared to other countries. But even though that is the case even if China dumps all of its bitcoin and all miners in CHina stops mining and even if bitmain stops producing bitcoin mining hardware bitcoin will not stop. Other country will see this as an opportunity and will replace China, remember as long as there is profit companies will race to catch that opportunity.

China is the country can stop and make bitcoin have higher and lower price, after China president announce for legal using bitcoin suddenly bitcoin up, but when China banned bitcoin suddenly bitcoin down, possible with China how to make bitcoin with higher and lower price because they have many responds with bitcoin investor there, if China want to allow bitcoin next week maybe bitcoin can growing to higher price.

[millennium00]

Very wide your information and you are right that the mining activity is largely centralized and China has a remarkable domain, however, these people have invested millionaire amounts and want to maintain favorable conditions for Bitcoin, so I do not believe that the unequal distribution of the hashrate affect the security of Bitcoin in the future.

A marked inclination of the mass market towards an Altcoin is perhaps one of the risks of Bitcoin, if suddenly a new project is attractive and very innovative, it is possible that people will gradually lose interest in Bitcoin, however, it is an unlikely scenario until now.

[wxxyrqa]

In any case, if the government of the leading countries adopts certain laws to ban Bitcoin, who will we not be able to have any benefit from this coin.  What is the use of passing Bitcoin to each other if we do not have the opportunity to buy something for these coins.  After all, if this coin is banned, then no businessman will sell for goods for bitcoins.

[Artemis3]

What do they do with the mining pools once they take over?

First, Turn off the miners. This is a very temporary attack and just means the BTC network is slow for a while and takes time to recover. A big deal, yes, renders BTC relatively unusable and tanks the value for a while. But despite all of that, the BTC network will say "never again" and learn the lesson of requiring geographically diverse pools. We might have to experience this before we fix it, but it won't kill BTC, the true ownership of keys and decentralization, which still exists despite the network being slow, will be resilient.

Second, Attack the network. the BTC network follows specific consensus rules, you can't go against those even if you control the miners. the other option is to re-write history, to do some transactions, spend some money, and then go back and re-write the Blockchain with "bad" data. This would undoubtedly suck, it would be very bad public relations for all crypto-currencies and laymen would not trust Crypto for another 10 years, they'd declare it dead over and over again until people finally admit it isn't dead.

This is out of code, its unenforceable and unnecessary. The network will self adjust regardless of how much hashrate remains, always. Doesn't matter where the Geo-location of nodes it, the code doesn't care and shouldn't care because this could be faked or hidden anyway.

So what if you shut off the "4 main pools", again the network would adapt, assuming that a good portion of that hash rate doesn't migrate to the remaining pools which is highly probable.

Go back and rewrite the blockchain is not possible, you would cause a hard fork. And Ethereum already did the unthinkable anyway, they earned their stigma after that incident. Bitcoin never will.

To successfully pull a 51% attack you will probably need to spend far more money than any possible gains of doing so, especially in the largest blockchain with the highest hashrate on Earth.

Some "whales" have already tried, it didn't end too well to them.