blockman
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April 05, 2021, 09:55:04 AM |
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This is a very impossible thing to happen but you can include a global shutdown of the internet including the satellite networks. Although it's like a myth that's impossible to happen. But who knows if someone crazy would do that and is very powerful and has the resources to make that casualty worldwide.
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isaac_clarke22
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April 05, 2021, 10:14:06 AM |
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Add also like what if every ISP banned where Bitcoin or any forms of cryptocurrency (assuming you're reaching out to other coins as well) are being exchange. Then somewhere in the lines of people still using VPN will answer that.
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Wind_FURY
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April 05, 2021, 10:41:35 AM |
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Plus OP, for 51% attacks vs. Bitcoin, watch this Q&A with Andreas Antonopolous reply someone’s question about “what if a nation-state would coordinate an attack on Bitcoin through 51% mining power”, https://twitter.com/bitcoinmagazine/status/1197161029832265729“Bitcoin has achieved a level of computing that no nation-state can overthrow it through computing alone”, Andreas Antonopolous
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avikz
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April 05, 2021, 11:02:38 AM |
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This is a very impossible thing to happen but you can include a global shutdown of the internet including the satellite networks. Although it's like a myth that's impossible to happen. But who knows if someone crazy would do that and is very powerful and has the resources to make that casualty worldwide.
Lol! That can only happen if the world moves to a nuke war on reality. Otherwise, such kind of things will only ruin the world economy with trillions of dollars worth losses. Bitcoin will definitely be impacted but more impact will happen on global businesses which depends heavily on internet and satellite infrastructure. So we can consider the possibility of this happening is zero.
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blockman
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April 05, 2021, 03:05:22 PM |
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This is a very impossible thing to happen but you can include a global shutdown of the internet including the satellite networks. Although it's like a myth that's impossible to happen. But who knows if someone crazy would do that and is very powerful and has the resources to make that casualty worldwide.
Lol! That can only happen if the world moves to a nuke war on reality. Otherwise, such kind of things will only ruin the world economy with trillions of dollars worth losses. Bitcoin will definitely be impacted but more impact will happen on global businesses which depends heavily on internet and satellite infrastructure. So we can consider the possibility of this happening is zero. Yes, as I've told it's very unlikely and impossible but we didn't even a pandemic will occur in our time, and with the advancement and technology that the world is having these days, this can still remain a myth until it happens. I'm just thinking too much about sci fi movies that I've watched but for sure this one thing will really be affecting bitcoin and might stop it temporarily until things go back as if it's going to happen.
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Hydrogen
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April 05, 2021, 04:41:30 PM |
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Bitcoin's success is only made possible through global mismanagement of fiscal monetary policy.
The way to stop bitcoin is for nations like venezuela and zimbabwe to cease and desist in hyperinflating native currency through gross negligence and mismanagement of printing and natural resources. The united states, european union and other countries are following in the same footsteps. Driving demand for inflation protected assets like bitcoin to thrive.
Banks too have created a regressive financial environment for bitcoin and alt 3rd party payment systems to thrive through lack of innovation and progress of the banking sector for consecutive decades.
The overwhelming majority of assets and commodities in the world revolve around short term profit cycles. These factors also contributed towards creating a world where an asset focused on long term HODL like bitcoin could be successful.
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fiulpro
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April 05, 2021, 05:13:29 PM |
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Stopping Bitcoins ?
-This would inherently be impossible since even in the worse case scenario the people who are holding, for example: Mr. Satoshi and the people who have actually lost their wallets ( believe it or not it all accounts for around 20 million!) These won't budge and thus the price would stay stable which would mean that:
It's impossible to STOP STOP! It's not centralized. It's actually very possible to decrease the price but this would just mean that people will have an amazing buying opportunity and the price would recover really fast. Therefore I do think this is some piece of information that you should mention in your article.
P.S. it cannot be eradicated it will still make it's way up, we have numerous wallets just in our mobile phones working amazingly! A transaction can even be broadcasted over a radio lol.
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pawanjain
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April 05, 2021, 05:35:25 PM |
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Maybe I'm wrong or too optimistic about Bitcoin, but I believe the only thing that can physically stop Bitcoin is a blackout electricity. If suddenly electricity goes away foever, we won't be able to mine/use Bitcoin.
It would have made sense if you would have said that electricity would go off temporarily. Electricity will never go off forever unless there is some new type of energy the drives the world and that won't be happening in next few generations at all. So basically there's no stopping to bitcoin. It will probably stay here for the long run.
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Rehan Zakir
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April 05, 2021, 06:24:16 PM |
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I observed that Bitcoin price is not stopping. They are making new high to high levels. And i think it is a good news for the crypto community. Crypto community is growing day by day. And market capitalization is also increases. And it is unstopable. Because no one holds this technology. It is a decentralized technology based project.
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KryptoKings
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April 05, 2021, 07:03:23 PM |
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Hi everyone I am writing a small article on how Bitcoin can be stopped. Mainly to serve my little community who keep asking me questions. My main ideas for the moments are below, any input whatsoever, constructive criticism is more than welcome.
Wall Street hand to manipulate markets JPMorgan talking bad now entering Coinbase ipo Etfs Institutional long and short Bitmex guy under investigation
Bcash and other forks as a political control of the comunity Political attacks Auditing the chain through forks divide and conquer
Government bans Push market underground On off ramps KYC to persecute Executive Order 6102
Hacks 51% attacks quantum computing Mt Gox Cryptsy
At first I thought you meant how to shop Bitcoin and mistyped it to stop but after reading op I got very confused. What do you mean by how to stop Bitcoin? You want to point out reasons what may ban Bitcoin or end it's circulation or you want to stop Bitcoin transacted? Please be more precise in your post.
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concept2
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April 05, 2021, 09:43:53 PM |
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well, most of the things you're listing only delay the mass adoption of bitcoin. There is no such things called stop because bitcoin merely unstoppable. Many people say bitcoin is bubble and look at what they are doing, they are desperate in buying more bitcoin while boasting around how bad bitcoin can be
As long as you know how to protect yourself from those dangers, you will always be in the safe zone. If bitcoin drops, collect more bitcoin. If bitcoin drops again, buy double
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CarnagexD
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April 05, 2021, 10:24:43 PM |
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I don't know about your list brother, those listed in it literally have tried putting bitcoin down to no avail, even JPMorgan is eating his words prior to bitcoin being more reachable than ever, plus more and more private individuals rallying behind Elon prior to his 1.9 billion purchase. It's literally unstoppable at this point, and if they were really passionate in stopping bitcoin, the only way this can be done is to stop internet from working entirely. Either set up a war that will span multiple nations. That is what can stop bitcoin from being reachable.
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Darker45
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April 06, 2021, 12:54:12 AM |
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Wall Street hand to manipulate markets
Bcash and other forks as a political control of the comunity
Government bans
Hacks All this won't stop Bitcoin. 1. Wall Street may attempt, and perhaps even succeed to a certain extent, to pump and dump the price if it is moving as one and has billions and billions to play with the market, but that does not amount to stopping Bitcoin. 2. Bitcoin Cash and other forks are nuisance. Don't even bother with their existence. 3. Government bans won't even ban the use of Bitcoin among its citizens. 4. Hacks have been happening; Bitcoin is still here.
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AniviaBtc
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April 06, 2021, 04:14:26 AM |
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What do you mean STOP? That totally no nodes anywhere operating? Or just a specific thing that wouldn't let people use their BTC?
Almost everything in your list has been accused to BTC and has been expressed. Despite that, look at BTC now. It's more vital than ever, and I don't think it's stopping anytime soon. Especially not in our lifetime.
Bitcoin is unstoppable if you mean that bitcoin can be stopped by that hindrances in the market. People who knew bitcoin will never stop using it and investing it as long as its price is increasing in the market. It will surely increase its price especially that it has a limited supply and some countries right now are using bitcoin in many transaction so it is already a part of currencies around the world. This coin is really powerful right now and it has a lot of opportunities where its investor can benefit from.
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davis196
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April 06, 2021, 05:37:54 AM |
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Bcash and other forks as a political control of the comunity Political attacks Auditing the chain through forks divide and conquer Hardforks are not a political attack.Do you think that politicians care about Bitcoin being hard forked? The Bitcoin community cannot be divided thru hardforks,because the vast majority of the BTC community will stay with Bitcoin Core.Only a bunch of opportunists will join a hard forked pseudo-Bitcoin. What do you mean by "auditing the chain through forks"?I don't understand that statement. The rest of your questions have been answered many times before on the forum.Just read some old forum threads and you will find answers.
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Madmardigan
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April 06, 2021, 05:41:54 AM |
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So you are against Bitcoin am I right?
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maxreish
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April 06, 2021, 07:45:04 AM |
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You cant stop bitcoin. It has been circulated already. If certain country will ban cryptocurrency, bitcoin will definitely stopped and controlled from that area. However, as long as bitcoin exists, you cant do anything to stop it.
You cant also go back to the time where it has been produced, maybe you can just change your article and do the opposite on ways on how to support it instead.
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isaac_clarke22
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April 06, 2021, 08:30:03 AM |
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So you are against Bitcoin am I right?
The OP didn't point that out. Bitcoin cannot be stopped as its nature is already decentralized. It could be like how the "usage of it" would be stopped by or slowed down various factors.
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bosede1
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April 06, 2021, 08:39:37 AM |
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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
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Wind_FURY
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April 06, 2021, 09:12:14 AM |
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OP, for you article, I believe it would be fair to say that the window to “kill” Bitcoin in all the methods you gave, was during 2010 - 2011, maybe 2012 too. I hope an OG can post in the topic and share his own thoughts, and opinions.
Another method might be finding the real identity of Satoshi, expose him, or maybe killing him could stop Bitcoin during 2010 - 2011. Doing that today would do nothing, Bitcoin has moved on from his influence.
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