No One Can Shut Down Bitcoin

[Lordhermes]

How many times have they tried it but no way for the government to ban it, china, Nigeria, India, afghanistan, and all these counties government had made a trial of stopping the usage of cryptocurrencies, notwithstandingly, they could only stop the bridge and interconnection of crypto and banks, that's the only option that Nigerian government used to restrict crypto enthusiasts, still yet, Nigerian are among the higher crypto users in the world.

[1715158028]

1715158028

[1715158028]

1715158028

[Gamerholic]

I agree that the switch that "turns off" bitcoin does not exist and there is no point in it. It is much easier to create trouble and drop the price of something to discourage many from wanting to do business with him. However, it is impossible to completely destroy this "genie" who has long escaped from the jug and lives its own life. By expelling him from one region of the world, you simply move him to another, this is all that the governments that are fighting against him can count on.

[just_Alice]

He's 100% right, Bitcoin can't be destroyed. Paradoxically, local restrictions in different countries may even lead to the increased price, because the hodlers won't be able to sell.
Also, people will always have access to Bitcoin through darknet or make transactions using hardware wallets. The only thing the govs can actually affect is exchanges, so this limits the ability to withdraw. I think such bans will lead to the emergence and spread of underground exchanges. Bitcoin will live!

[Renampun]

Binance CEO Changpeng “CZ” Zhao said it’s impossible for a single entity to kill bitcoin and its underlying blockchain technology. “I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people's heads,” he added. Binance is the biggest cryptocurrency exchange by volume.

Theoretically, this is true, but governments and regulatory bodies can severely restrict access to and redemption of bitcoin. While the network will always be accessible through an internet connection, and Bitcoin will always have value, it is another issue if BTC use and custody are heavily regulated or outlawed due to Governmental fear of losing their monopoly on the money supply.

Your opinion?

until whenever they won't be able to ban Bitcoin, that's an impossible job...

day by day more and more who initially rejected Bitcoin now instead support it, this is a revolution. fighting Bitcoin today like fighting revolutionaries who want freedom, an eternal battle that the government will never win.

[DoublerHunter]

^ I have heard many countries had been banning BTC but until people there can still access BTC or even have a trading activity on cryptocurrency.
Most of them are in Islamic countries or something in the middle east country. So until when they are banning BTC? Until they come at the point looking for a way how to shut it down, there is no way to shut it down BTC and no one will do that. Governments are always doing that but still, BTC will always exist. Why they are afraid of this technology, this is even don't have a threat to the whole financial system. Instead, accepting the innovation of technology through BTC is a great idea.

[carlfebz2]

Binance CEO Changpeng “CZ” Zhao said it’s impossible for a single entity to kill bitcoin and its underlying blockchain technology. “I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people's heads,” he added. Binance is the biggest cryptocurrency exchange by volume.

Theoretically, this is true, but governments and regulatory bodies can severely restrict access to and redemption of bitcoin. While the network will always be accessible through an internet connection, and Bitcoin will always have value, it is another issue if BTC use and custody are heavily regulated or outlawed due to Governmental fear of losing their monopoly on the money supply.

Your opinion?

until whenever they won't be able to ban Bitcoin, that's an impossible job...

day by day more and more who initially rejected Bitcoin now instead support it, this is a revolution. fighting Bitcoin today like fighting revolutionaries who want freedom, an eternal battle that the government will never win.

Government had long time ago trying out to ban bitcoin and now that its already getting some recognition and adoption is on the rise which makes them more worry.

Some had banned it and some had tend to accept or adopt it just because they cant do anything about it even if they do try to get rid of it. Banning wont be enough

because it would continue to exists as long the community would mainly support it then there's no way that bitcoin could die or being shut down.

[Silberman]

Binance CEO Changpeng “CZ” Zhao said it’s impossible for a single entity to kill bitcoin and its underlying blockchain technology. “I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people's heads,” he added. Binance is the biggest cryptocurrency exchange by volume.

Theoretically, this is true, but governments and regulatory bodies can severely restrict access to and redemption of bitcoin. While the network will always be accessible through an internet connection, and Bitcoin will always have value, it is another issue if BTC use and custody are heavily regulated or outlawed due to Governmental fear of losing their monopoly on the money supply.

Your opinion?

This has been known from the very beginning, governments can outlaw whatever they want and this of course includes bitcoin, but when the will of the people opposes the ban then they will have no other option but to take a step back and allow it, and we have many examples of this, alcohol was banned on the US but the demand for it was so huge and it enriched the mafia so much the US government did not had any option but to concede and make it legal again, the same is happening with cannabis and if they are dumb enough to do this to bitcoin the same will happen as the demand of bitcoin will do nothing more than to increase due to the outrageous amount of money governments are printing to pay for the costs of the pandemic.

[verita1]

So far what I have seen is the same pattern. They are the same countries that create bitcoin FUDs. It is no coincidence that just when the bullish race for bitcoin occurs, the bans begin, it is logical to think that governments and central banks observe people's interest in bitcoin and cryptocurrencies.

It is a reality for all of us we are stopping using banking services because we prefer to invest in the crypto space.
For all that we have experienced, bitcoin will prevail forever, otherwise governments would be taking the freedom that we have won in the past and for which we hold on to bitcoin.

[Rengga Jati]

Exactly, no need to be worried about it. Although BTC has crashed the price into a very dip price, there are still others who will help Bitcoin to rise up. It is a matter of time and also market condition.


Actually, if all power and institution worldwide work together, Bitcoin can really day. In the condition of:
- Whales make dump sell of BTC at a very low rate
- Spreading FUD every day
- Government rules and regulations who are more strick,
- Many more bans

But, of course, they will not be willing to do this, and for what? That is why I also do believe that no one can shutdown BTC

[taufik123]

The pros and cons of bitcoin will of course always be there. when the price of bitcoin is high enough and beats all digital assets, of course FUD will be scattered a lot, this will make bitcoin prices crash and the goal of making FUD is to make bitcoin fall again.
but to turn off bitcoin nothing will be able for now. Bitcoin is still the most valuable digital asset today. Even though bitcoin regulations in some countries are still illegal bitcoin still persists.
A real example is China which recently made bitcoin prices drop, because China expelled all bitcoin miners out of the country.
Bitcoin will survive as long as this community remains. Bitcoin will not be extinct, Bitcoin is a future technology that will be very promising.

[adzino]

Can the government shutdown or ban it? Nope they can't. To ban bitcoin they will have to ban everyone in their country. Like literally every people. Because all people together make the decentralized network. It would have been easier for the government to ban bitcoin if it was a centralized coin. All they had to do was to ban the central authority that would have controlled the network. But yeah, the government can indirectly ban the usage of crypto currencies or bitcoin through imposing very strict policies.

[JaeJae1730]

 It is impossible to shut down and regulators will become a little more friendly over time towards digital currencies.Probably they Can't outlaw but they can banned bitcoin in every country, Specially If the government wants to ban Because of the negative side of the community of bitcoin.Cu'z We all know That the Bitcoin Is Decentralized,

[bitzizzix]

Turning off bitcoin is the same as turning off electricity and the internet network which is very influential to be able to use bitcoin and if both do not exist then bitcoin will not exist.
and bitcoin has spread throughout the world and cannot be stopped, Bitcoin is like the sky net in the Terminator movie, meaning Bitcoin transactions will not disappear as long as there is the internet.
So far only a few countries have tried to kill bitcoin and so far no one has been able to prove it, and can only ban but not kill it.

[Barry Mantle]

We only have to look at the countless examples of people in countries where Bitcoin is banned to see people continue using it. Or we could simply look to the decentralized P2P file-sharing network, BitTorrent, which continues to thrive despite it being illegal in many places. The other factor is there'd need to be a global, unified ban, which is unlikely, so there will always be regulatory/geographical arbitrage. Bitcoin the network and protocol are near impossible to stop.

[dongyi17]

Probably not, Bitcoin are now known all over the world and many countries are now accepting  Bitcoin as mode of payment. My country has now  legalize the use of Bitcoin and other crypto, but some of country banned Bitcoin, but still some of their resident used Bitcoin secretly.

[elisabetheva]

Probably not, Bitcoin are now known all over the world and many countries are now accepting  Bitcoin as mode of payment. My country has now  legalize the use of Bitcoin and other crypto, but some of country banned Bitcoin, but still some of their resident used Bitcoin secretly.

agree, that as many countries continue to recognize bitcoin, at least there is recognition given that bitcoin is very important. because all cannot avoid technological advances that are constantly being updated, including being able to receive bitcoins in every transaction that may be needed. Bitcoin is certainly synonymous with technological advances and it is real and irrefutable.

Indeed, there are still some who have not accepted bitcoin as a legal medium of exchange because some things may still be an obstacle, because of the nature of bitcoin, no one controls and moves it. so that it will be difficult to predict if it is not given strict regulations, so that there will be no abuse which is still often feared by some countries. many countries are afraid because it is often used as a money laundering proceeds from corruption and drug trafficking.
where precisely the state must fight against it, so it must be patient in matters like this.

but very confident that in time there will be acknowledgment and at least can work to cover up the shortcomings, which fiat cannot do and bitcoin is there to be able to do that.

[Spack17]

Yes, there is no way to shut down Bitcoin except shutting down the whole internet.    But it is an impossible thing to do of course. We always indicate that cryptocurrencies are not under anyone's control. Governments or people can manipulate the price, ban them, regulate them etc. . But when it comes to erasing them, they have nothing to do about it.

[Karartma1]

True that Bitcoin can't be shut down but its enemies are finding any possible way to make it less and less popular and usable. Technologically speaking I believe bitcoin is unbreakable given the current conditions while the only troubles can be find in the mining cartels (but they earn money from it so they were never be able to create fuss) and regulatory bodies which could use fear to make people afraid of BTC.
With taproot Bitcoin will gain some more years of life but I start to believe this is a never ending battle!

[Silberman]

It is possible to shut down bitcoin if there will also an electricity collapsed and disabled all internet networks, but impossible for the big companies to do this because we are in a new generation using modern technology. Our life is not the same 100-300 years ago, where there is no internet and computers. If you can see, there's a lot of bad news about bitcoin everywhere, FUD, Government rules and regulations, banning of bitcoins in other countries, restrictions to use it, everything which can cause negative effect in bitcoin spread everywhere, but bitcoin is still alive with huge demand and the adoption of it keep on increasing. That is how strong bitcoin is.

If such a scenario happened then we will have a lot more problems than bitcoin not existing anymore, without the electric grid it will be impossible to maintain the number of people living on this earth so governments cannot really shut it down out of their own volition, so there are only two options there was some kind of human-made attack that disabled the electric grid or there was some kind of global disaster that did so, but except for scenarios like that bitcoin is basically unstoppable so there is no reason to worry about a ban or anything like that.

[CryptopreneurBrainboss]

Binance CEO Changpeng “CZ” Zhao said it’s impossible for a single entity to kill bitcoin and its underlying blockchain technology. “I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people's heads,” he added. Binance is the biggest cryptocurrency exchange by volume.

Why do the community need the CEO of Binance to say this before they believe. If you didn't know this until it came out of the mount of CZ then you don't understand the industry you're into. Nobody can stop a decentralized system expect the people abandon it. We own the power here and not the elite, their fud can't do much in the long term so they better enjoy it while they can.

If you notice unlike previously the fud this days aren't of much impact on the community. The market declines though but majority of that is due to the previous run and profits are been secured (that's a healthy market correction) and a buying opportunity which is why a rebound occurs almost instantaneous or within a short period of time.