No One Can Shut Down Bitcoin

[Ronny29]

Yes No One Can shut Down Bitcoin As it is running on computer technologie and its an automatic system and as Many people Invets millions, billion, trillions of Dollars in bitcoin So Its Almost impossible to shutdown Bitcoin

Any changes is possible if more than 51% of the computing power is concentrated in one hand.

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[Sanugarid]

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?

I agree with him. The government has no authority over BTC so it's impossible for them to fully stop BTC from existing and even if they have the power to do that, it should be done before. Moreover, they could restrict the access of people on BTC but it's not enough to take down a decentralized network which runs for over a decade already.

[husnija]

nothing can stop it altogether, at least the policies and regulations issued will only restrict it
whats popular people say also had little effect on negative sentiments

[AGD]

Governments would need to ban ALL cryptocurrencies, tokens and a lot more. If only Bitcoin was banned, we could simply give it a new name, so what - in the end - will be banned? Code in general? Using math to create large numbers? Cryptography in general? The internet? Computers? Btw I can mine bitcoin with pencil and paper. Will they ban pencil and paper? I can use drums to transmit binary code. Will they ban drums? I can also shout. Will they ban my voice? Not gonna happen...
Too many big guys are in the game already and greed is a motor for progress. Bitcoin is like a trojan horse in my view.

[DOH!]

No one can lock the door of bitcoin, anything, any impact.  Bitcoin is unique, it will not break with any symptoms.  Even -35% with socks is still woven by Elon on the environmental impact of bitcoin.  

We are back better, will continue to be bullish.  The $100k price that's still being seen on the twitter analytic communities every day is possible.

[Kez1817]

No one really can do that. At least one person or group will not be able to do this.

Maybe if there will be a total collapsed of internet connection and electricity. Other than that, no one can shut down bitcoin because people adoption continue to increase and demands for bitcoin keep increasing. Even it was prohibited in other country, people always find a way on how to use it and invest on it.

[worle1bm]

Bitcoin do not have centeral point of control or main server which can be shut down that's why it is decentralised currency which is running across different nodes around the globe on your computer.For joint efforts government can ban them but still there will be Bitcoin usage and no government is going to took that step jointly as many have regulated it and others are on the way.

Internet cannot be shut down in today's era because of digitalization and so is the case with Bitcoin and moreover 51% attack is also not possible due to huge investment and still the other miners will not validate the transactions.So in last we can say it cannot be shut down.

[capcaypro]

Pretty much. They can outlaw it, but they can't ban it.

And yes, a country's government making the ownership of bitcoin illegal would definitely be unfortunate, but let's be honest here: how successful are governments going to be in banning digital things? They can't even ban digital piracy and drug usage, what more with a freakin decentralized asset?

Even though it is prohibited, there will still be loopholes because after all the efforts of the government to prohibit this and make bitcoin illegal in various countries that have started to ban it, there will still be loopholes and I think it is not a small but very big gap, even in countries that prohibit it there is still a gap. many can access because of that gap.
and people who are in countries where bitcoin is banned must do anything to save their assets.
It's like an open secret just like the eradication of drugs and other crimes you say

[herurist]

It's not impossible but it would take a coordinated effort from governments and companies of different countries to attack/control the network then completely shut it down. It looks impossible because I doubt that anyone would spend billions/trillions/quadrillions of dollars for this. Why would they when they can easily benefit from it through regulations (taxes)?.

besides that here it will cause new crimes again, if the government bans bitcoin on a large scale it will certainly result in bitcoin becoming illegal, and this can lead to new crimes such as creating loopholes so that they can still access bitcoin even though it is prohibited besides that it's still everyone who has dabbling and disadvantaged will still do the action in bitcoin.
it is very difficult to prohibit this because bitcoin is like mushrooming and becoming a trend among young people and large companies.
besides that, investors who have a lot of money will certainly play behind the scenes like bribes etc. when bitcoin is prohibited so that they can run bitcoin even though it is prohibited.
It's really hard to ban this and I'm sure it won't be able to

[Lordhermes]

From my point of view, Bitcoin can't be shut down. Because it is not controlled by one person, it operates on an decentralized method. Bitcoin is controlled by all Bitcoin users, so it literally impossible to shut down Bitcoin. Also the Government just have to embrace Bitcoin and understand that Cryptocurrency won't kill Government fiat currency. The more Government tried to shut it down, the more popular it gets.

[sportclub2010]

The government is also people. And many of them also hold bitcoins. And they will definitely be against the adoption of laws to ban bitcoins. And then there are countries where bitcoin is supported. I think that never all the countries of the world will agree to ban bitcoin.

[Gamerholic]

I think that only people who do not understand at all what they are talking about are talking about "shutdown". Bitcoin is "Skynet" it cannot be turned off and the revolution has already taken place. It's just that many people and governments do not want to put up with reality and continue to try using old methods to regulate an essentially different economy, which is changing its outlines and participants more and more every day. Complication and progress are inevitable, just not everyone is ready to understand this today.

[Fredomago]

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!

The regulatory bodies which continuously chasing those transaction within this system, if the government continue to make much strict regulations those who are afraid of being stuck will move to other venue of investment,

But in terms of technology, there's no possible way that this system will be shutdown, the system are very usable and much secure compared to  what financial institutions are using.

With more adoptions, surely it will continue to prosper and value will continue to rise high.

[sherryDEFI]

No one can shut down Bitcoin, even if it is banned, it will not work. Bitcoin is decentralized, and nodes are scattered all over the world. There is no way to shut down all of them. It will only work unless the world's network is stopped. .

[kojektea]

Well, I think of the same thing, bitcoin can't be turned off because it has a large community, like what binance's CEO says, that more than 500 million people currently hold bitcoin, how can bitcoin die if that many people hold it, and bitcoin is also the most profitable asset because it is a financial industry.

[Cling18]

The government or huge organizations could ban Bitcoin yet they couldn't shut it down. It has built a strong foundation already so I don't think it would end that easy especially now that it's being adopted by big companies and lots of investors. There are still lots of upcoming adoptions so we should expect the best instead of thinking about negative things that might happen.

[cabron]

The government or huge organizations could ban Bitcoin yet they couldn't shut it down. It has built a strong foundation already so I don't think it would end that easy especially now that it's being adopted by big companies and lots of investors. There are still lots of upcoming adoptions so we should expect the best instead of thinking about negative things that might happen.

Right now they are not banning, they are only regulating. It's going to be impossible to ban nor shutdown BTC and they realized this so they are only regulating. They are however overdoing it because there seem to be CLEAN BTC and UNCLEAN BTC which affect the fungibility of the coin. There isn't really a regulatory standard for Bitcoin, they just come up with this regulation at the protocol level that will undermine the fundamental property of BTC.

[Blowon]

Bitcoin can be stopped if there is no longer internet and community, but it is impossible now. We see there are even billions of dollars in the bitcoin industry. That's also one of the factors why bitcoin can't be stopped. If, the internet and technology fade that's when bitcoin disappears.

[Dread Pirate Roberts]

In my understanding in the blockchain bitcoin there is no authority that can control the blockchain system or stop it. and the crypto community itself is already huge with many people and company had bussiness running on it. the only possible way they closed way people to access it . even if the access is closed there will always be a way people to use it and access it. this only the worst assumption but i don't think that will happen.

[Blowon]

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.

it's the same with my country in Indonesia, they initially gave a ban to cryptocurrency in various ways, but the technology is unstoppable, in 2019 the government arrived to allow bitcoin as a communiqué asset. and now in our country crypto projects are highly developed. Even here we have a local binance. It's called a tokocrypto.