WHO CAN SHUTDOWN BITCOIN?

[MCobian]

I really believe 100% Bitcoin cannot be shutdown by the government, because Bitcoin is decentralized so no one can control Bitcoin.
Then as long as someone is using it, Bitcoin will always exist. So the government can only ban Bitcoin, but it is impossible to stop
people from using and owning Bitcoin. For this reason, it makes Bitcoin more and more be loved by many people, and until now
the demand for Bitcoin continues to increase.

[Astvile]

No. There is no one that controls bitcoin and its blockchain so no one can forcibly shut down bitcoin because no one has any control over it. No government can shut it down basically because it is decentralized. Bitcoin and the blockchain will continue to function as long as there will be people who will use bitcoin, miners who will help the blockchain and transaction moves.

[Wisbrown]

No body own Bitcoin, is a decentralized digital currency that is only control by Bitcoin user. As such no body can shutdown Bitcoin.

[coinsolidation.org]

First before thinking about whether a government or someone can shut down Bitcoin, I think the most important thing is to know if the blockchain network that supports Bitcoin can be damaged, shut down, or stop working and the probabilities would be from 1 to 100,000.

Because a simple answer, it is currently estimated that 100,000 nodes that support Bitcoin are distributed around the world, to be able to support or pull this number of distributed servers is an almost impossible task.

Maybe some government like today is banning the use of Bitcoin but not worldwide.

Node reference.

https://thenextweb.com/hardfork/2019/05/06/bitcoin-100000-nodes-vulnerable-cryptocurrency/

Regards,

[LogitechMouse]

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.

When I read your question and read the term "World Government", I thought for the world government in one piece anime for a sec . (OP fan here ).

Anyway, the government can ban it in their country or make it illegal but to stop it or to shutdown I don't think that they can do it since it is not a centralized entity that can be shutdown by just a random person or authorities.

There is a way to shutdown Bitcoin though, shutdown the internet globally or stop people to use Bitcoin at all. Things that are impossible to happen so there is no way to shut it down.

[Lorence.xD]

Governments have the same issue with Bitcoin as they have with torrenting and other peer to peer filesharing.  They can declare it illegal, but that doesn't stop people doing it.  It's incredibly difficult for authorities to physically prevent the use of software.

I do agree with this one, in my country, although it is illegal to download copyrighted medias and sharing them, no one really gets caught or punished, the most severe that I have seen is when someone pirates the media and sells it. It also factors that there are more offenders than enforcers so they find it futile to fight this battle. There are only two things that I can think of that will stop bitcoin altogether and that is a war of apocalyptic proportions which will be unlikely, or a total electrical grid shutdown around the world which again is another unlikely scenario.

[blckhawk]

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.

First of all, there's no world government exist. Now getting back to the topic, I don't think Bitcoin can be shut down by anyone or by any organizations but they can ban this one like what other countries are doing. However, even though they imposed a prohibition regard this one everyone seems to find a way to access it leaving a conclusion that Bitcoin cannot be shut down nor take control by anyone. Remember bitcoin is decentralized so if there's a chance they could able to shut it down then they already probably did but rather they go with it.

[Walterhank]

Nobody, no individual, and no central power or government can control, manipulate, ban, hack or kill a worldwide distributed open-source peer-to-peer cryptographically secured decentralised system. Bitcoins will continue to increase in value, more than gold and silver, there will only be 21 million bitcoins ever, they are cryptographically and mathematically secured, it is decentralized, so can't be banned, co-opted or confiscated/stolen by any central group or government, you hold your own private keys.

The future economy is digital and decentralized.

[carlisle1]

The only Power government over Bitcoin is banning and never that they can Shut this down,Bitcoin owns by no one and even Satoshi has no capacity shutting this down so basic answer is NO. and you have been here for sometimes surely you have crossed in topic related to this and even the Quantum computer thing Goes with this issue yet nothing proves right.

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Put this in Scam accusation if you have proof and don't derail topic with inappropriate reply.

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I have said that many times that. Bitcoin is decentralized and government or anyone can not stop the  bitcoin  or it's users.So the answer is None can shutdown the bitcoin.

Chill OP just curious of the answer.

[amishmanish]

My question is: can bitcoin be shutdown by world government?

Whoever is asking this question, Ask him what is "World government". The governments around the world cannot come to the same page on existential issues like Climate change. Yet, do you think they will come to same page on who gets to determine the future of money and control over it.

When it comes to bitcoin, nobody wants to lose the initiative that Bitcoin has sparked. Not the EU, nor USA, nor China or Russia. And those are the big ones. Then you have all those smaller developing countries who don't really hate the little sparks of innovation and revenue stream. On the far end are countries that downright hate the current world order and will do anything to circumvent it. If use of bitcoin allows them this, they WILL do it.

So its pretty difficult that everyone in the world will come to an agreement to dissolve their bitcoin wealth and sources of revenue/ innovation. Even if they somehow come to an agreement, its technically not feasible to simply "outlaw" software. When that happens, you can officially assume that the world has given up on democratic thought.

[arayde]

Nobody can really shutdown bitcoin but almost any big goverment can do 51% attack pretty easy because they have a lot of money. And people dont think about it

[CODE200]

Nobody can really shutdown bitcoin but almost any big goverment can do 51% attack pretty easy because they have a lot of money. And people dont think about it

No it's not because of huge amount of money.
Governments cannot shut down this technology but they can make an action to prohibit or limit its usage to a particular country or region but it won't affect the existence of this technology. Bitcoin is already a popular digital currency especially nowadays. It is getting wider acceptance as years are passing by and more companies and networks are starting to adopt it. So even if there is still a possible conflict for this technology, I'd say there's really no need to discuss it at this moment because such thing will only come to existence if there will be something that would trigger governments to prohibit its usage other than being decentralized and not being able to put tax on every transaction which is being aided by regulation by now.

[JohnBitCo]

The Simple answer is no. The government or anyone else can not shutdown Bitcoin. They can make the use of bitcoin harder.

Bitcoin lives by nodes. Until the last node is off or destroyed completely, Bitcoin is alive. Imagine, you and I have two nodes (one each) and all other nodes were destroyed by a catastrophic incident. Bitcoin is not still dead because you and me still can exchange our coins.

There are 10858 NODES alive currently. This means to shut-off Bitcoin, anyone will need to shut down these 10858  nodes. Even if they were able to shut down all these nodes, who will guarantee that there are no saved copy to individuals?

So, get 99.999% sure that it's not possible to shut down Bitcoin.

The only way to shutdown the nodes is to shutdown the whole world internet. Can this be done ?  Theoretically Yes, but practically No.

As long a there is internet exists, its impossible to shutdown the bitcoins. That's the power of decentralization.

[oliviarobert]

In my view, this is only possible when every person on earth stops using or investing in the bitcoin, which is almost impossible, because there are some hardcore bitcoin believers as there are believers that bitcoin is ponzi scam. So I think we won't see bitcoin stopping in our lifetime or perhaps some other currency like Ethereum would replace it.

[Ayiranorea]

Complete shutdown of bitcoin is the day when the usage of bitcoin turns ZERO. Does anyone here think, such a situation will exist in the world. With the growth happening with bitcoin there is more and more widespread of the market. This assures there is no shutdown of the bitcoin. The same has come into discussion several times, and another thing is the mining. Even if one leaves mining, another one gets into mining in no time.

[tall3r]

As far as I know, no, because this is the advantage of cryptocurrency, that miners are located in different parts of the world ...

[Shasha80]

Bitcoin is not liked by the government and banks, if indeed Bitcoin could be shutdown, Bitcoin would have been dead a long time ago.
But no one has been able to kill Bitcoin, therefore until now Bitcoin still exists. And no matter how strong the government will not be
able to control or shut down Bitcoin, this is what makes Bitcoin starting to be liked by many people. But that doesn't mean Bitcoin will
live forever, if in the future more sophisticated technology appears and better coins than Bitcoin will emerge. Then it's possible that
Bitcoin is no longer using it, and that's when Bitcoin will dies.

[ObscurePen]

As most people have said, the answer is no. Bitcoin is a decentralised system which means banks and governments have no control over your actual funds. This means that they can never freeze your account or take your funds. There is a small legislative problem whereby local government may prevent businesses from accepting bitcoin, but the essence of bitcoin is digital, so it is impossible to stop bitcoin on a global basis.

By saying bitcoin is digital I am primarily referring to the blockchain. Now unlike banks which keep a secret ledger of your transactions, the bictoin ledger or blockchain is decentralised ie it is transparent - anyone can access it. Now unlike banks this public blockchain is stored by a complex system of digital nodes. This means if you want to shut down bitcoin, you would have to somehow kill all the nodes there are in the world, which is highly unlikely.

I hope this explains it. If you need more info there is this cool video you might want to take a look at: https://www.youtube.com/watch?v=41JCpzvnn_0&feature=emb_logo

[AniviaBtc]

Governments have the same issue with Bitcoin as they have with torrenting and other peer to peer filesharing.  They can declare it illegal, but that doesn't stop people doing it.  It's incredibly difficult for authorities to physically prevent the use of software.

Bitcoin can only be fully shutdown if all of the governments around the world are prohibiting it to circulate in the market.

If there's only one country who have courage to stay with bitcoin and let its community use it and manipulate it in the market then probably it will not have a hard time to still prevail.

Right now, bitcoin is impossible to become shutdown by countries who already proven its benefits and advantages in their economy and market. Also if people are already into it and captivated about the good thing that cryptocurrencies brought to them then probably governments will also have a hard time to shutdown its community.

[imstillthebest]

the question must be what not who because when you say who that will point to person and i guess no person can shutdown btc but when you say what that will point to things .

the only thing that can shutdown btc is if there are natural calamity because that can damage the power sources and if we dont have power we cant go online and do btc works .

 we are lucky that natural calamities are not that powerful for us to experience a long and wide power interuption and we can still do btc works every single day .