WHO CAN SHUTDOWN BITCOIN?

[BrewMaster]

anyone who can shut down the internet can try to shut down bitcoin too but will still have a hard time shutting bitcoin down because bitcoin can still use different ways of connecting computers to each other and create the peer to peer network it needs to operate!

you see unlike banking system, the government itself, Visa, PayPal,... that all depend on a centralized database and have a centralized authority bitcoin has none. bitcoin relies on millions of users spread around the globe each shaping one part of this network. so in order to shut down bitcoin one must first shut down all these individuals and prevent them from connecting to each other.
this is impossible.

[ichi]

I don't have the foggiest idea of how it's feasible for somebody with in excess of 600 presents to pose such inquiries. None can closure bitcoin dislike a PC with an on/off catch. Regardless of whether individuals quit mining and purchasing bitcoin, the task won't be decimated or get closed down. The best way to battle against bitcoin for the legislatures is to make bitcoin restricted in their nations yet this can't hurt bitcoin by any means. No administration can close down bitcoin. Additionally, about bitcoin.org, bitcoin isn't subject to this site.

[RapTarX]

No & that's why Bitcoin is still here. Otherwise, govt would shut it down long ago as it's going to be threatened towards the corrupted govt.

Actually in a normal sense bitcoin can only shutdown by Satoshi Nakamoto

If Satoshi Nakamoto could shut down bitcoin, we wouldn't call it decentralized. No one can neither shut down nor alter anything recorded in the bitcoin blockchain.

[worle1bm]

Okay guys, this question may have been asked before, was trying to locate a past thread but couldn't seems to get my search on this forum.

My question is: can bitcoin be shutdown by world government? And does bitcoin need bitcoin.org domain when calling its protocol or trying to get access to its network? Or what is the relationship between bitcoin.org and the survival of I bitcoin? Thanks

Hello , don't start abuses, I am currently defending that bitcoin can't be shutdown, while a discussant said it can be shutdown. I know  it' can't be. Just dropped this post here to backup my claim and argument. I know it requires shutting down all power and internet to be able to cause a damage. Which in any which is not possible.

Case1
Being decentralised currency it have no effect or fear of centralized monopolies ruling the world.The governments have control over their respective jurisdiction and they can ban the use of the these cryptocurrencies in their nation or could come forward jointly in the long run to ban its usage but it will not shutdown  Bitcoin until the global communication is working which means internet is working as all the nodes will be still in operation and every transaction will be added to the blockchain. So it's practically impossible to shutdown internet and same is the case with Bitcoin and moreover to protect the interest of investors government will regulate its usage and make it taxable income under its income taxation act

Case2
It is the case of 51% attack which means all the majority participants of the bitcoin network join hands and come as single unit with lot of investment to overthrow the bitcoin network and make changes in the blockchain ledger which is quite impossible as we have not seen this because it will result in price decline resulting in profit risking.Moreover there are thousand of nodes and every transaction is recorded there and you cannot remove them so we can say btc will always be in working .

[Kupid002]

They can only regulate it and make it illegal in their country  if they want . but totally shutdown no. he is not possible because every country does not have the same law and there are also countries that do not agree for other countries laws.and another reason is that people have their own minds to understand even if it makes it illegal as long as they know that they are not doing anything wrong they will continue to use bitcoin for transaction . The only problem is if there are many countries make it illegal then it can also affect the Bitcoin price and that's the way they can reduce the users but it will never stop .

[mezzaluna]

Okay guys, this question may have been asked before, was trying to locate a past thread but couldn't seems to get my search on this forum.

My question is: can bitcoin be shutdown by world government? And does bitcoin need bitcoin.org domain when calling its protocol or trying to get access to its network? Or what is the relationship between bitcoin.org and the survival of I bitcoin? Thanks

Hello , don't start abuses, I am currently defending that bitcoin can't be shutdown, while a discussant said it can be shutdown. I know  it' can't be. Just dropped this post here to backup my claim and argument. I know it requires shutting down all power and internet to be able to cause a damage. Which in any which is not possible.

Shutting down the domain is possible but completely shutting down Bitcoin sounds impossible. There are already many things that Bitcoin can do even without this forum but the forum is also one thing that helps people promote and learn about Bitcoin. People who supports Bitcoin will find ways on how to support it even when faced with lies that will really damage Bitcoin's reputation but as far as we can see, nothing can shutdown Bitcoin.

[DooMAD]

anyone who can shut down the internet can try to shut down bitcoin too but will still have a hard time shutting bitcoin down because bitcoin can still use different ways of connecting computers to each other and create the peer to peer network it needs to operate!

Yes.  Even if there was a way to shut down the entire internet, we have nodes in space now.  Contrary to popular belief, a record of the blockchain can technically survive without the internet, albeit in a much reduced capacity.  I don't know if the satellites could be reconfigured to mine if required, but I'm sure someone clever could find a way.

[wxa7115]

Okay guys, this question may have been asked before, was trying to locate a past thread but couldn't seems to get my search on this forum.

My question is: can bitcoin be shutdown by world government? And does bitcoin need bitcoin.org domain when calling its protocol or trying to get access to its network? Or what is the relationship between bitcoin.org and the survival of I bitcoin? Thanks

Hello , don't start abuses, I am currently defending that bitcoin can't be shutdown, while a discussant said it can be shutdown. I know  it' can't be. Just dropped this post here to backup my claim and argument. I know it requires shutting down all power and internet to be able to cause a damage. Which in any which is not possible.

Unless the Internet as a whole gets shutdown then I do not see how bitcoin can be shutdown at all, and obviously the more digital our lives becomes the less viable that strategy becomes as almost all industries now depend on the Internet to run their operations.

A more advanced possibility is that the governments find a way to filter bitcoin traffic and they are able to only block this traffic leaving the rest of the Internet in place, however assuming they can do something like that I am sure the developers and everyone else will find a way against such blockade and then things will go back to the way they were before such attack.

[thesmallgod]

The worst they can do is to institute the same principle they used for liberty reserve in 2013. They will ban so many .com domain associated with crypto trading and prevent access by anyone. It might create a lot of panic and affect the price of bitcoin but I believe it will be temporary. A lot of crypto domain will migrate and it is only a matter of time before we will have the crypto fully back again. Bitcoin does not operate in centralized system and it is not like every crypto is on bitcoin.org. There are many offline and online wallet So it is going to be very difficult to shutdown bitcoin that is why some of them are thinking of regulating it but it is also a big challenge for them to properly regulate such thing without any side (government and individuals) complaining

[BlackHatCoiner]

People are getting into forum's signature campaigns without knowing the basics about bitcoin and post statements like this:

Actually in a normal sense bitcoin can only shutdown by Satoshi Nakamoto which is the founder of bitcoin since 2009

It's really sad seeing people posting just to earn their weekly payment. As for bitcoin, let's firstly define what it is. Is it a company? No. Is it a person named Satoshi that gives some tokens named "bitcoins"? No. Is it a stock in the market? Hell no! Bitcoin is a program in which computers connect with each other. Once a new computer that just installed it, runs it, the program will send information to some IP addresses, that are already written in the code. The nodes will then share this information from one to the other and they'll write down your ip. Then, they will start sharing with you their blocks. The blocks that other nodes previously sent to them.

Keep in mind that each node is autonomous. The network doesn't "tell you what to do". The entire bitcoin network is made up of nodes making their own decisions, following the same consensus rules, which makes it purely decentralized.

[CLS63]

Bitcoin can't be shut down by anyone or any government. Bitcoin is not like fiat. As we know, Bitcoin has a decentralized system. You can't control it. Even the inventor of Bitcoin can't destroy when he/she wants to. The only way to destroy it is cutting down the internet (which sounds ridiculous and not possible as it is vital for people).

[Traderbtcc]

No one can shutdown bitcoin  even the government don't have the power to shut  it down, bitcoin is a decentralized digital currency, so how can the government shutdown something they have no power over? it's not possible, the only thing the government can do is to ban the use of bitcoin within the country, which they have been doing over a couple of years now, and it still not working because their citizens still find a way to use bitcoin in secret,so no body absolutely no one can shutdown bitcoin.

[Searing]

I expect the former Trump Adminstration Treasury Department under Steven Mnuchin to take a stab at such. It won't work but they have

been 'clarifying' regulations for Bitcoin/Cryptocurrency they said since Febuary 2020 this year. I doubt they are gonna NOT put this out before

the Biden Adminstration comes into office. Indeed, the leaving Trump Adminstration is taking great glee in tossing about 'dubious' regulation

changes accross the board to trip up the next adminstration, IMHO.

https://www.nytimes.com/2020/02/12/us/politics/treasury-cryptocurrency.html

The 'swiss bank account' crack in the link below sounds indeed like these regulations are going to require you tell a USA exchange your self-hosted

wallets address and/or amounts inside (though it would be easy enough to look) as the CEO of coinbase fears.

https://www.coindesk.com/coinbase-ceo-trump-administration-may-rush-out-burdensome-crypto-wallet-rules

Indeed....it is a concern enough that the below letter was sent by lawmakers to get clarity on these 'regulations' in that they have been done

in secret with no public or congressional input.

https://www.coindesk.com/us-lawmakers-tell-mnuchin-to-back-off-from-potential-crypto-wallet-regs

of course if these regulations are true and affect the moving of BTC/Crypto in and out of USA exchanges as an addition to KYC.that simply means

users will simply do KYC on exchanges overseas and/or the exchanges in the USA (as when this happened with China ban on exchanges way back) will

simply pick up and move out of the USA.

Again first comes ATH then comes FOMO and now the powers that be are tossing out FUD to slow down BTC/Crypto adoption. Rinse/Wash/Repeat!

I expect the above regulations coming out sometime before the end of 2020 with the probable start of 1/1/2021 in addition to the 2.6 billion usd

of mt.gox Bitcoin going back to the mt.gox account owners on 12/15/2020 means that the combo will likely slam the Bitcoin price itself down to about

$13K or lower IMHO. If I have the treasury regulations figured correct on this they will wait till after the mt.gox dump of BTC to get the effect they want

of slapping down BTC/Crypto. After that it is up to the Biden Adminstration and to see if big money in BTC/Crypto and exchanges and such can push

back and get these regulations reversed or big money and tradionaly finance will push back more to keep them in place. This is all futile from my

view, in that, BTC/Crypto will bounce back. But it goes to show at every ATH and FOMO afterward there will likely be more of these knee jerk reactions

by countries. This whole decentralized money thing has them scared...and at every ATH and FOMO they are caught off guard and lash back. So it shall

be in the future, again, IMHO. So be aware. My view is 13k Bitcoin if not lower. It all depends on if the mt.gox accounts from back in the day, old HODL'ers

that they may still be, even now, will HODL or will folk simply sell. Bitcoin: Always Drama! (tm BTC)

Brad

[fauzan123]

Okay guys, this question may have been asked before, was trying to locate a past thread but couldn't seems to get my search on this forum.

My question is: can bitcoin be shutdown by world government? And does bitcoin need bitcoin.org domain when calling its protocol or trying to get access to its network? Or what is the relationship between bitcoin.org and the survival of I bitcoin? Thanks

Hello , don't start abuses, I am currently defending that bitcoin can't be shutdown, while a discussant said it can be shutdown. I know  it' can't be. Just dropped this post here to backup my claim and argument. I know it requires shutting down all power and internet to be able to cause a damage. Which in any which is not possible.

Shutting down the domain is possible but completely shutting down Bitcoin sounds impossible. There are already many things that Bitcoin can do even without this forum but the forum is also one thing that helps people promote and learn about Bitcoin. People who supports Bitcoin will find ways on how to support it even when faced with lies that will really damage Bitcoin's reputation but as far as we can see, nothing can shutdown Bitcoin.

It will not be able to stop bitcoin even though the domain is shutdown, because many assets are already held by investors so that the development of bitcoin is also based on the number of transactions that have occurred.

Moreover, until now bitcoin continues to grow and many countries have started to adopt bitcoin as an alternative payment transaction besides using conventional transactions, of course this is a development that will continue to occur in the future.

[Wysi]

How can someone have ability to shut down something which they don't have control over and there is no one who could shut down bitcoin, government officials or regulator will try to cause as much as damage as possible to bitcoin by imposing unnecessary ban on Bitcoin and intimidating people against bitcoin. Even if government bans bitcoin still we can access it through VPN and other alternative.

[oktana]

Bitcoin cannot be shut down by anyone. No one has such ability. The maximum that can be done is if the a large whale decided to sell (dump). This can affect the price. Nothing worse than that can be done by anyone.

Hello , don't start abuses, I am currently defending that bitcoin can't be shutdown, while a discussant said it can be shutdown. I know  it' can't be. Just dropped this post here to backup my claim and argument.

I do get your point; some of the members around here can be quite aggressive. Truth is, you can't help it and everyone is different. When creating a topic, if you're sure you've done you wrong, simply go on with the goal (to educate people or get educated). 

[omone1]

Sorry for being harsh than. It looked like basic question not part of research. Grab some links. There is a lot of this googling "can

Good luck with defending your claim.

Thanks for these materials
I have defeated him, just he won't want to admit it in a public because he has some disciples in the group.

[adzino]

Okay guys, this question may have been asked before, was trying to locate a past thread but couldn't seems to get my search on this forum.

My question is: can bitcoin be shutdown by world government? And does bitcoin need bitcoin.org domain when calling its protocol or trying to get access to its network? Or what is the relationship between bitcoin.org and the survival of I bitcoin? Thanks

Hello , don't start abuses, I am currently defending that bitcoin can't be shutdown, while a discussant said it can be shutdown. I know  it' can't be. Just dropped this post here to backup my claim and argument. I know it requires shutting down all power and internet to be able to cause a damage. Which in any which is not possible.

No the governments around the world wouldn't be able to shutdown the government. I mean they would be able to do so if each and every government stops their people from connecting to the internet. Or maybe impose ban in such a way that if anyone gets caught using crypto currencies they would be given lifetime in prison. I mean insane stuffs lol. People would be mad and up rise against their government.
What I am trying to say that it is almost impossible. If it was actually possible, the government would have taken down torrenting of pirated stuffs long before.

[carlfebz2]

bitcoin.org domain has nothing to do with Bitcoin when it comes to shutdown issues.If its just possible to do that hen the government would have long time ago on doing such thing.

For sure they are still thriving at the moment on how to shutdown it but for sure they would really fail to do so.This is why government now or even the media do try to show off some negative

image about Bitcoin for people to stop on dealing with it or do have that positive sentiment. Decentralized things are always hated to those institutions or services which we know that it is
hardly or purely centralized.

[aysha9853]

Bitcoin is closed in my opinion it is impossible, many large companies are included in it and there are many communities, bitcoin consists of peer to peer and is decentralized