Bitcoin can never be completely eliminated.

[Anghat]

BTC never ever completely eliminated for it has some special characteristics like Decentralization, Immutable ledger, Censorship Resistance, Global, Open Access, Air-gapped Transactions.

Decentralization: The blockchain exists on many nodes worldwide. Specially have no central server/operator to be shut it down.

Immutable ledger: Past transactions are all recorded. Can not remove/eliminate history without controlling the vast majority. its quite impossible of its scale.

Private-key ownership: BTC is controlled by owner to holds the private keys.

Consensus Rules: Changing fundamental rules would require overwhelming consensus from miners, nodes, and developers. That’s practically unachievable.

Censorship Resistance: Anyone, anywhere can send or receive BTC without anyone permission.

Global, Open Access: Anyone can use it.

Air-gapped Transactions: Fully offline storage & signing possible.



However, governments can take actions for exchanges, criminalize usage, restrict on ramps, punish service providers but cannot "remove bitcoin" globally.

Unstoppable BTC

[kotajikikox]

However, governments can take actions for exchanges, criminalize usage, restrict on ramps, punish service providers but cannot "remove bitcoin" globally.

Unstoppable BTC

All the reasons you have mentioned are what makes up a community. Bitcoin is made up of everyone willingly doing the work to keep the network running and people are making transactions because they trust the network. This is why even with government's hindrance, people will not stop using bitcoin. They will always find other ways to use bitcoin.

[Trx3]

You are wrong, airgapped feature doesn't belong to bitcoin, this feature belongs to hardware wallets that are build with airgapped option in mind, it has nothing to do with bitcoin and it is not part of bitcoin utility.

Airgapped is wallet utility thats available for all digital assets supported by the hardware. I come in ✌

[Anghat]

You are wrong, airgapped feature doesn't belong to bitcoin, this feature belongs to hardware wallets that are build with airgapped option in mind, it has nothing to do with bitcoin and it is not part of bitcoin utility.

Airgapped is wallet utility thats available for all digital assets supported by the hardware. I come in ✌

You are wrong, airgapped feature doesn't belong to bitcoin, this feature belongs to hardware wallets that are build with airgapped option in mind, it has nothing to do with bitcoin and it is not part of bitcoin utility.

Airgapped is wallet utility thats available for all digital assets supported by the hardware. I come in ✌

Hi dear! My bad. I mean it, Possible to keep transaction instead internet using airgapped wallet. Thanks!

[Fivestar4everMVP]

However, governments can take actions for exchanges, criminalize usage, restrict on ramps, punish service providers but cannot "remove bitcoin" globally.

Unstoppable BTC

We already know, if bitcoin was stoppable, the government would have stopped it, seized it a long time ago, but unfortunately for them, this is impossible for them to do, and thank goodness for the wisdom of Satoshi nakamoto, the creator of bitcoin and the inventor of blockchain, thank goodness he knew beforehand; what his presence in the community would have done to bitcoin, he or they knew before anyone else knew that their presence in the community would turn a risk to the existence of bitcoin, and this why he or they decided to leave soon as Bitcoin was able to stand on its own.

If Satoshi was here, it would have been easy for the government to capture and eliminate bitcoin by simply capturing Satoshi, this is why I think that as we celebrate the success of bitcoin, lets not forget who made it all possible.

[Gozie51]

If Satoshi was here, it would have been easy for the government to capture and eliminate bitcoin by simply capturing Satoshi, this is why I think that as we celebrate the success of bitcoin, lets not forget who made it all possible.

You have a good point, yes. He (satoshi) would have been arrested and made a prisoner where he would suffer and undo everything about bitcoin for contravening banking laws, tax evasion . Perhaps this is also part of the reasons he disappeared into tin air to allow bitcoin have and achieve the purpose it was made for. Just imagine satoshi parading himself as the owner and maker of a financial asset that every part of the world will be making use of... Although to make satoshi undo everything about bitcoin would be difficult except at the very early stage if they had seize the bitcoin white paper but as it stands now, bitcoin being a decentralised system is unstoppable.

[Nathrixxx]

Nothing can make bitcoin changed from being consistent, it cannot be censored, government cannot end it existence or relevance, nothing can be done to stop people from using bitcoin once it does not change from being the secured digital currency we all knew it.

There's no partial elimination and neither will there be a complete one from any attacking sides, be it government or any organization, group of people or individuals, bitcoin works by the protocols it was meant for and no one can change these constants.

[Fountainman]

Bitcoin has proved it can be here for a long long time. In Nigeria, the government made Bitcoin transaction illegal, it reduces the volume of transactions for a while but people find a way. I think Bitcoin will still face harsher government policies but it's here to stay

[gluedog]

Bitcoin can be suppressed, not erased. Killing it would require deleting the code everywhere, seizing every key, and blocking all transport - which is impractical.


Also, "air-gapped transactions" are an operational practice, not a protocol feature.

[Stalker22]

But all of this doesnt matter if a major global player decides to shut things down.  If they ban banks from working with exchanges, kill the power to mining operations, and make running a node a crime that lands you in jail, what would happen to your immutable ledger?  Sure, they may not be able to technically eliminate it completely, but its still possible for them to crush the on-ramps and off-ramps.  (Not that I think this will ever happen on a global scale.)

By the way, there is no such thing as "air-gapped transactions".  You can only sign a transaction, but you cant possibly broadcast it to the network from an offline device.

[cryptomaniac_xxx]

BTC never ever completely eliminated for it has some special characteristics like Decentralization, Immutable ledger, Censorship Resistance, Global, Open Access, Air-gapped Transactions.

This is the characteristics of Bitcoin. And most likely we never seen this before and so this is a new technology and in the beginning many are skeptic about it. And portraying it as somewhat as a scam and pulling money out of thin air.
 

However, governments can take actions for exchanges, criminalize usage, restrict on ramps, punish service providers but cannot "remove bitcoin" globally.

The witch hunt has started in 2017, as during this time, Bitcoin really gain a lot of traction from everyone in every part of the globe. So financial watchdogs has to make some amendment to even discussed it during G5 or G7 summit or some government around the world. But the harder they try, the more resilient Bitcoin is or enthusiast are. So right now instead of resistance, they this governing bodies learn to accept it with just "tighter" regulations.

[mirakal]

However, governments can take actions for exchanges, criminalize usage, restrict on ramps, punish service providers but cannot "remove bitcoin" globally.

The government takes action and seizes Bitcoin because of our wrongdoings. If we don't abuse its anonymity and use it legally, they don't get interested in it. But we did. Many people use it for fraud and money laundering, which catches attention. That is why it was not the government that made it change, but we are. And we can't blame the government as well.

Therefore, we don't provide a reason for them to become strict. Bitcoin is not meant for such a thing, but rather to be a useful asset created to make our lives easier.

[Smack That Ace]

However, governments can take actions for exchanges, criminalize usage, restrict on ramps, punish service providers but cannot "remove bitcoin" globally.

Unstoppable BTC

The government cannot completely wipe it out of this world because of its decentralized nature, there will still be a segment of people who support and use it even if they impose a total ban. But if that happens, the development of bitcoin will also end, it will not be able to become popular and widely used. It is likely to be used only for underground operations if the government imposes a comprehensive and strict ban.

Bitcoin cannot be completely eliminated by governments, but without their recognition and support, it is unlikely to grow and become popular. We should not underestimate and take lightly the power of government.

[passwordnow]

However, governments can take actions for exchanges, criminalize usage, restrict on ramps, punish service providers but cannot "remove bitcoin" globally.

The only way for them to eliminate bitcoin if that's the plan is to take down internet. But it will not happen, almost all businesses are relying to the internet and so, the bitcoin network and its security is relying to it as well together with the nodes that are being run. So, that's the only way for the government to take it down if they ever want it down. It will cost a serious amount of money globally if they ever try that and plus the hatred that will be put into them by these major corporations just because they have that agenda. So, very unlikely to happen.

[Oluwa-btc]

Bitcoin can never be completely eliminated,it's almost impossible reasons been that there's global participation and value is present to all it's users.As far as at least one person anywhere in the world runs a node and holds coins,bitcoin continues to exist.Inasmuch as the internet exists, there's much chances that Bitcoin can reappear because the data exists in thousands of versions globally.

[PrivacyG]

The one thing I have never researched is what happens if the Internet becomes heavily censored.  Criminalizing Bitcoin usage is something one can avoid.  The Internet is definitely never going to shut down for all of us.  But the most likely scenario is that the Internet becomes censored.

It becomes clear that this is a high possibility considering the efforts so many countries make to make life harder for us while enforcing stupid new 'shield measures' such as Digital IDs and Central Bank Digital Currencies.  Every such measure is under lined by them as being measures to protect us from something.  Whether it is terrorism, fraud, trafficking or what ever else that sounds worth fighting.

I agree that Bitcoin is not possible to completely eliminate.  Even in the situation I describe above, this means Bitcoin will be eliminated from people who want their own Privacy and only in countries enforcing such bad measures.  There will be other countries where Bitcoin will be available to every body.  But to me, if Bitcoin can not be used in a country except if the Internet Provider allows you to while Tor is suspicious then this is one way Bitcoin can be attacked.  Indirectly but with a VERY strong hit.

I am hoping I do not steer this conversation in a different subject OP but I think my question fits.  If Bitcoin can be censored by making the Internet only accessible to Digital ID users and the European Union bans private Wallets 'to avoid terrorism funding and Money Laundering' then can Bitcoin really never be eliminated or attacked?

[Alphakilo]

Bitcoin can never be completely eliminated,it's almost impossible reasons been that there's global participation and value is present to all it's users.As far as at least one person anywhere in the world runs a node and holds coins,bitcoin continues to exist.Inasmuch as the internet exists, there's much chances that Bitcoin can reappear because the data exists in thousands of versions globally.

At this stage, it would be folly to think that Bitcoin or the existence of cryptocurrency would be eliminated. Instead there's an evolution of currency ongoing deep down and cryptocurrency, that is Bitcoin, is leading this take over.
With countries trying to own Bitcoin reserves to large pocket holders owing mining farms, and then making it an everyday currency, it is just a matter of time before crypto currency and the use of Bitcoin will be a standard for currency  user.

[d5000]

It is extremely unlikely, but it can happen, although probably not due to the actions of some government.

Some altcoins which didn't manage to get the necessary user base on board simply died because nobody was interested anymore in running a full node, and finally probably even the last bagholder deleted their private keys when they changed their HDD and had no backup.

An example is Ellaism, a fork of Ethereum without premine.

If there are still users who have private keys stored, then the blockchain network can be resumed, but probably with a lot of "hiccups" if the "pause" in mining was too long. 

Of course it is much more unlikely that this happens to Bitcoin than to an altcoin. But let's speculate that some really better payment technology makes cryptocurrencies obsolete. Or that money becomes obsolete.

But this should not be viewed as a negative post. It shows also: as long as there is demand for Bitcoin, Bitcoin will not be eliminated.

[uche6215]

Almost all the countries are involved in bitcoin from one way to another and another good thing is that no government and individuals can control the Bitcoin server. But everyone can use the coins. But we have to know that government policies can affect the currency and we have seen it from the perspective of mixers. If government crackdown on exchanges, it will affect Bitcoin though people would use the main p2p at of them but if government notice many people would face the law.
But we have to know that the matter what people do, bitcoin has come to stay.

[Z-tight]

BTC doesn't have a single point of failure. It is a decentralized and distributed system which is secured by the community, that is thousands of users running a BTC full node across the world. It is almost impossible to 'destroy' such a system as we have.

However, governments can take actions for exchanges, criminalize usage, restrict on ramps, punish service providers but cannot "remove bitcoin" globally.

And why will they do that. A few countries could ban BTC, which is already the case right now. But it is not like every country in the world is going to take such an action, that would never happen. BTC cannot be 'eliminated' by the action of governments. As a matter of fact, if a big change is going to happen, then it would be countries that previously banned BTC revoking that law.