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Author Topic: I am writing an article on how to stop bitcoin. Can you guy help out?  (Read 293 times)
Lorence.xD
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April 06, 2021, 09:16:24 AM
 #41

Are you trying to gain momentum or publicity with this post because I really didn't get the point why you will post to stop bitcoin in this forum or maybe I am not getting it from your point of view though
I think what OP is trying to ask in this thread is if we could add something to OP's list of things that can stop bitcoin, I get that it looks like it is pointless but for me this could be helpful because if we know the ways then we might be able to create or design a solution.

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April 06, 2021, 09:53:19 AM
 #42

If you want to totally stop Bitcoin you must stop the internet first,
They couldn't stop it even if the government ban it there would still be people who would continue to use it,
So in order to stop Bitcoin you must stop the internet that is the only way I see it.

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April 06, 2021, 10:21:29 AM
 #43

Nothing can stop Bitcoin, so all the points written in the opening post will not stop Bitcoin. Only one thing I can think of can stop Bitcoin
if the entire internet in the world dies. And this is impossible, therefore it is impossible to stop Bitcoin. And I'm sure the government knows that,
therefore some countries have finally chosen to accept Bitcoin. Actually, several countries have banned Bitcoin, but the reality always fails
to stop its citizens from using Bitcoin.

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April 06, 2021, 11:17:57 AM
 #44

So you are against Bitcoin am I right?

No, I couldn't be more for it. But I want to play the devil's advocate and try to argue different way to stop it.
If we are to make this space advance we need to see where our weaknesses lie.

Ehm.. quite weird how you've been in the space for 8 years yet you don't know much about how most Bitcoin attacks could be countered easily with just few lines of coding.

Government bans cannot do much to BTC - India and China attempted to ban it, but it ended up as a failure. 51% attack is a VERY resource-hungry task that is easily redeemed worthless by the community, KYC can be avoided, underground markets usually grow huge in prices and hoarding can't realistically be banned when you have DEXs in existence.

Quantum computing is something that threatens the entire internet infrastructure if such computers were made specifically for hacking purposes (guess this will become something realistic at some point in the near future). Mt. Gox is just an exchange hack that never "stopped" Bitcoin from existing. It was only the people's fault for holding their money on custodial services, or some people were just unfortunate enough to be caught with their money on there right before withdrawing.

I don't think Bitcoin could be stopped. It could have its adoption slowed down or its price dumped heavily to the ground, but other than that.. nothing much can be done to it.

The article will have a sarcastic tone. I want to address the common things people say that can stop Bitcoin. I should have been more clear in the OP.

A free world that we are in control of. In the Bitcoin space since 2013.
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TangentC
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April 06, 2021, 07:03:56 PM
 #45

Cosmic
1. Solar Flare causes an EMP that destroys the world's computers.
2. Gamma Burst that kills the human race, bitcoin will die soon after.

Government
1. All world governments institute the death penalty for mining bitcoins
2. World Law banning excessive energy use for crypto miners.

Tech
1. Quantum computer creates a fast & easy way to decipher anyone private keys from their public address.
2. All ISP ban blockchain nodes as a waste of internet bandwidth, therefore blocking all blockchain updates.

The above would stop bitcoin, although are very unlikely.

Maybe a more realistic question: what would stop average people from using bitcoin.

Corporate
1.  Banks and Corporations buy up the majority of bitcoins driving the price higher that the majority can afford.
2.  The Bitcoin devs limit the onchain transaction capacity causing the transaction fees to be unaffordable compared to all alternatives such as offchain networks and altcoins or even the normal fiat banking system. Making sure only the elite rich transact in bitcoin.

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April 07, 2021, 10:39:00 AM
 #46



Maybe a more realistic question: what would stop average people from using bitcoin.

Corporate
1.  Banks and Corporations buy up the majority of bitcoins driving the price higher that the majority can afford.
2.  The Bitcoin devs limit the onchain transaction capacity causing the transaction fees to be unaffordable compared to all alternatives such as offchain networks and altcoins or even the normal fiat banking system. Making sure only the elite rich transact in bitcoin.



I really like this point. Thanks.
although I am not sure a high price is a thing that would destroy Bitcoin, it does raise the point that supply may just be held in a few "poles" and not released to the public.

A free world that we are in control of. In the Bitcoin space since 2013.
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Becky666
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April 07, 2021, 10:52:09 AM
 #47

You mean you want to stop using bitcoin or you want to stop bitcoin from operation?, well, the last task is un-executable becasue the said technology is a decentralized one and not centralize which anyone can tamper with. How do you intend to switch-off all nodes collected to bitcoin?, you can join hands to to build the technology than to plan it destruction mate.

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