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Author Topic: Bitcoin can never be completely eliminated.  (Read 988 times)
coolcoinz
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October 26, 2025, 07:59:17 PM
Merited by d5000 (1)
 #21

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.

Exactly.

There are many angles that can be used to destroy bitcoin, but they aren't easily abused.

For instance, if there was no interest, bitcoin would lose miners and node operators first, because traders are usually last to give up.
So, exchange activity would continue but transactions would also pile up as nobody would care to process them, which would decrease the value, scare people away from investing. The only people left would be speculators.

Another weak point are exchanges that could get stopped, banned, ip-blocked. Countries might decide to ask for license which they would be unwilling to give, so they wouldn't have to ban bitcoin, but they would ban exchanges by not giving them licenses, or asking huge money to issue such licenses. Yes, you still would be able to exchange bitcoin, but how many people would do that if they knew they will never be able to get cash for it?
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October 26, 2025, 09:13:41 PM
 #22


BTC never ever completely eliminated for it has some special characteristics like Decentralization, Immutable ledger, Censorship Resistance, Global, Open Access, Air-gapped Transactions.
Bitcoin is going nowhere, don’t even think bitcoin is going to be eliminated for any reason, because has come to stay, anyone  thinking anything is going to happen to bitcoin isn’t serious.

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
Bitcoin is not illegal in Nigeria, during the last administration, the Central bank of Nigeria placed a ban on all accounts linked to crypto transactions, but immediately there is change in administration, the current president lifted the ban which the formal administration imposed, so everyone is freely making use of bitcoin right now, the current administration is crypto friendly, but what am scared of is that, we don’t know if the next administration is going to be crypto friendly, or he will end up imposing some ban on bitcoin also.

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October 26, 2025, 09:26:09 PM
 #23


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

When you say that Bitcoin cannot be completely eliminated, it means it can be eliminated and small traces remain. But I am not sure bitcoin can be partially eliminated, let alone complete elimination.
Gone are the days we fear that anything will happen to bitcoin, bitcoin has grown pass that period. We no longer fear about bitcoin's existence. We are no longer speculating that bitcoin is a bubble that will burst anytime. What we are expecting is continuous global adoption of bitcoin and total stabiliztion of the industry.
So, fear not for bitcoin because nothing will happen to it. Many governments, firms, institutions and firms are aligned with bitcoin and Defi is the new way of finance. Bitcoin future is safe.


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October 26, 2025, 09:46:26 PM
 #24

The one thing I have never researched is what happens if the Internet becomes heavily censored...

If the internet becomes heavily censored, that will be the end of every technology advancement that has taking place since the millennial. If I suspect this happens, I will take down all my social account, remove all my asset online and change to Fiat for the mean time. In as much as I dont see this happening, we should always be prepare because anything is possible in this generation where the government wants to control everything. But the truth not everything are meant to be controlled, somethings are just meant to be decentralized.

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October 26, 2025, 10:20:18 PM
 #25

You're correct that Bitcoin's structure makes it impossible to eliminate completely. Its decentralized blockchain ensures that even if some governments act against it, others may not, and achieving a global consensus to ban Bitcoin is highly unlikely. However, even in such a hypothetical scenario, nodes would continue to operate. Bitcoin is like a machine that, once activated, cannot be stopped. The summary is that Bitcoin has progressed too far to be easily halted. Its most vulnerable stage was when Satoshi and a few others were the only nodes running the network, but that era has long since passed.

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October 26, 2025, 10:28:44 PM
 #26

I believe that Bitcoin can never be truly eliminated. Paraphrasing the words of Jesus Christ — “where two or more are gathered in my name, there I am” — the same truth applies here. As long as there are two minds willing to recognize and exchange value through this idea, Bitcoin will endure. Its essence does not dwell in servers, governments, or institutions, but in the shared faith and communion of purpose among those who believe in it. Like a spiritual symbol that transcends time and space, Bitcoin survives in the invisible network of minds that keep it alive. Grin
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October 26, 2025, 10:31:24 PM
 #27


BTC never ever completely eliminated for it has some special characteristics like Decentralization, Immutable ledger, Censorship Resistance, Global, Open Access, Air-gapped Transactions.
Bitcoin is going nowhere, don’t even think bitcoin is going to be eliminated for any reason, because has come to stay, anyone  thinking anything is going to happen to bitcoin isn’t serious.
There are still critics out there who say that bitcoin will soon disappear or be forgotten. Bitcoin is engraved too deeply into our society and there’s no way it will crash and be forgotten like how critics say. Critics only raise this to hate on bitcoin so they are not seeing the real picture anymore.
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October 26, 2025, 10:33:05 PM
 #28

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

Unstoppable BTC

Centralized authority are only effective to a centralized system, this is the reason why decentralized system is too powerful for the government to shutdown.  Just look at the torrent file sharing, they have been trying to completely shutdown this service but the government failed to do it until now.

With Bitcoin, the government had realized that they can never stop the system, reason why instead of continuously opposing it and missing the opportunity, they eventually join in and just control thing within its grasp.
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October 26, 2025, 10:39:39 PM
 #29

Bitcoin is a path of no return, as long as there is one person in the world running the software, bitcoin will remain alive... it is impossible to combat, impossible to eliminate, impossible to stop, bitcoin is inevitable and the world will have to understand sooner or later that it is here to stay, that it is not just speculative money but the most complete tool of freedom that has ever existed on the planet.

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October 26, 2025, 11:19:56 PM
 #30

Governments and those who were against Bitcoin for any reason have tried their best to stop it from spreading, and tried to make it look negative to those who were not yet aware of it or how it works, but they didn't succeed, and Bitcoin kept moving forward, becoming stronger than before after each time they tried to do character assassination for Bitcoin. News outlets and influencers were always seen trying to say negative things about Bitcoin, sometimes calling it a bubble, sometimes saying it's a criminal currency, but their attempts were useless.

After all that they did, they can see where Bitcoin reached today, and sometimes I wonder if they regret what they did in the past instead of adopting Bitcoin itself and they would have made very good profits by now, but they were too ignorant to understand this at that time, and now they probably regret everything. So yeah, Bitcoin is unstoppable, and it's pretty evident by now seeing its value.

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October 26, 2025, 11:49:51 PM
 #31

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

Bitcoin is no longer illegal in Nigeria since the SEC made a statement about it last year, August 2025. Cryptocurrency now has some legal stands in the country guy can freely transact with it, but when you want to convert it into fiat you have to pass through some process which requires meeting regulatory requirements, which is complying with KYC and AML policies.

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October 27, 2025, 01:05:54 AM
 #32

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

Bitcoin is no longer illegal in Nigeria since the SEC made a statement about it last year, August 2025. Cryptocurrency now has some legal stands in the country guy can freely transact with it, but when you want to convert it into fiat you have to pass through some process which requires meeting regulatory requirements, which is complying with KYC and AML policies.
This is a good achievement for Nigeria because they have now accepted the work of Bitcoin and of course they will now go even higher and improve the financial conditions of their country and this is quite a big achievement from Bitcoin that it is succeeding in anything day by day and its advanced system will be successful everywhere but there are some countries that do not consider it legal yet but when the time comes they will understand it but by then it will be too late. This is for our betterment otherwise anyone can steal anyone's Bitcoin but it also has some disadvantages so some consider it better and some do not consider it better but it is better to some extent.

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October 27, 2025, 02:09:58 AM
 #33

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

Bitcoin is no longer illegal in Nigeria since the SEC made a statement about it last year, August 2025. Cryptocurrency now has some legal stands in the country guy can freely transact with it, but when you want to convert it into fiat you have to pass through some process which requires meeting regulatory requirements, which is complying with KYC and AML policies.

I am not Nigerian, but if I remember correctly, the Nigeria government lifted the ban on bitcoin and crypto from 2023, not 2025. They banned it from 2021 but in 2023 CBN issued a new circular and officially lifted the ban regarding cryptocurrencies. The Nigerian government also made it clear that the decision was based on global trends. Banning bitcoin only hinders the country's development.

That shows bitcoin is unstoppable. So I believe countries that still ban bitcoin like China will soon lift the ban and join the general development of the world. Because bitcoin is inevitable.

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October 27, 2025, 03:20:40 AM
 #34

What is making bitcoin to exist till today is because bitcoin is not a centralize currency, which is the reason government couldn't eliminate it from the world, the truth about bitcoin is no longer secret, and it will be difficult for anyone to spread fake information about bitcoin for the entire country to leave bitcoin because those users that have the knowledge of bitcoin know that bitcoin is the king among other cryptocurrencies, before you mention any reliable coins in the market, bitcoin must be the number one.
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October 27, 2025, 03:39:23 AM
 #35

What is making bitcoin to exist till today is because bitcoin is not a centralize currency, which is the reason government couldn't eliminate it from the world, the truth about bitcoin is no longer secret, and it will be difficult for anyone to spread fake information about bitcoin for the entire country to leave bitcoin because those users that have the knowledge of bitcoin know that bitcoin is the king among other cryptocurrencies, before you mention any reliable coins in the market, bitcoin must be the number one.
Bitcoin is decentralized from how it was programmed and developed technically over time, its network hashrate distribution from Bitcoin mining hashrates to full nodes, and how Bitcoin blocks and transactions are mined as well as confirmed by Bitcoin miners globally as well as roles of Bitcoin full nodes in relay block information to other peers.

Over time, Bitcoin network hashrate has increased more, its blockchain difficulty has risen more, and the Bitcoin blockchain has become more secured with time. It's harder to attack Bitcoin network 51% over time.
https://jlopp.github.io/bitcoin-confirmation-risk-calculator/
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October 27, 2025, 04:44:14 AM
 #36

For instance, if there was no interest, bitcoin would lose miners and node operators first, because traders are usually last to give up.
So, exchange activity would continue but transactions would also pile up as nobody would care to process them, which would decrease the value, scare people away from investing. The only people left would be speculators.
I think I get what you're trying to say (some altcoins for example have only few nodes left but some speculation goes on on the minor exchanges still listing them), but that's not how it works Smiley

Bitcoin has the "difficulty" parameter, so as long as there is a single miner left, the transactions don't pile up and the block rate remains constant Smiley (this is also the reason why all "death spiral" bears are purely FUDsters).

And which exchange would accept a coin completely without miners? The only scenario I can imagine is that everybody trades wBTC if Ethereum (for example) magically survives while Bitcoin's blockchain stops. But would that make sense?

Another weak point are exchanges that could get stopped, banned, ip-blocked.
This can of course bring Bitcoin's price and activity down but can't stop it totally. If people are still able to trade P2P (and they can do so with a lot of techniques) and there is demand for it, then it will work.

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October 27, 2025, 08:43:08 AM
 #37

Governments and those who were against Bitcoin for any reason have tried their best to stop it from spreading, and tried to make it look negative to those who were not yet aware of it or how it works, but they didn't succeed, and Bitcoin kept moving forward, becoming stronger than before after each time they tried to do character assassination for Bitcoin. News outlets and influencers were always seen trying to say negative things about Bitcoin, sometimes calling it a bubble, sometimes saying it's a criminal currency, but their attempts were useless.

After all that they did, they can see where Bitcoin reached today, and sometimes I wonder if they regret what they did in the past instead of adopting Bitcoin itself and they would have made very good profits by now, but they were too ignorant to understand this at that time, and now they probably regret everything. So yeah, Bitcoin is unstoppable, and it's pretty evident by now seeing its value.

Many people that is talking negative things about bitcoin always find it difficult to succeed because the more they spread fake news you will always find the truth when making your own research and realise that they are just spreading lies to the youth that don't really know anything about bitcoin. Government are not really chasing bitcoin anymore because they noticed that they can't control it. So bitcoin as be good for years because no one can change anything in bitcoin and that make it move smoothly so let us invest when we are capable of it and stop talking negative things about it. Bitcoin will never be control by anyone and if you have it you have the freedom to used it at anytime without anyone have access to your wallet accept the one you share your private key with. So Op know one can eliminate Bitcoin accept you don't have Internet to access it.
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October 27, 2025, 09:11:43 AM
 #38

Yes, Bitcoin is not something that can be deleted or banned at will. Governments can impose thousands of rules, taxes, and KYC hassles at will, just like they do with fiat money.

But no matter what, they can't shut down the entire network, so they can't stop peer-to-peer transactions.

That's the beauty of true decentralization, there's no off switch, no CEO to fine, and no weak point to target. Grin
 
If even a single node is up and running anywhere in the world, that means the blockchain will keep going. It's fun to see how Satoshi's Bitcoin design made it antifragile, the more it is attacked, the stronger it becomes.

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..PLAY NOW..
fredericktaylor
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October 27, 2025, 10:27:26 AM
Merited by fillippone (1)
 #39

Yes, Bitcoin is not something that can be deleted or banned at will. Governments can impose thousands of rules, taxes, and KYC hassles at will, just like they do with fiat money.

But no matter what, they can't shut down the entire network, so they can't stop peer-to-peer transactions.

That's the beauty of true decentralization, there's no off switch, no CEO to fine, and no weak point to target. Grin
 
If even a single node is up and running anywhere in the world, that means the blockchain will keep going. It's fun to see how Satoshi's Bitcoin design made it antifragile, the more it is attacked, the stronger it becomes.

Bitcoin decentralized, no country or government can ever fully control it. The government can printed money according to its needs, impose various rules on fiat currency so that they can control all the money. But Bitcoin was created by Satoshi Nakamoto in such a way that no one can completely control it. Over time, the use of Bitcoin is increasing because Bitcoin digital decentralized asset, this supply is limited, no country or government can ever destroy it. There is personal freedom through the use of Bitcoin which is never possible in the case of any other digital asset, no one can destroy Bitcoin if they want, this is never possible for anyone.

Localhostspeed
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October 27, 2025, 10:31:59 AM
 #40

Bitcoin is no longer illegal in Nigeria since the SEC made a statement about it last year, August 2025. Cryptocurrency now has some legal stands in the country guy can freely transact with it, but when you want to convert it into fiat you have to pass through some process which requires meeting regulatory requirements, which is complying with KYC and AML policies.

Bitcoin was never illegal, the government were just against the fact that it's something that was use to for funding of protests. I remember during the end Sarz, I was part of that peaceful protest in my state and people were donating for water and basic things until government started to froze accounts that were use for donations because the account were posted online. The protesters pivoted to Bitcoin donation and that's were things got uglier.

The government claim Bitcoin was used for money laundering and terrorism, they have to ban Bitcoin that time and Twitter but after sometimes, everything went back as usual. There wasn't any official statement about it but those buying and selling were doing there thing like nothing happened, to ease the public awareness, the SEC later made it clear that Bitcoin isn't banned in Nigeria but I think it was because of election favour from Bitcoin community why they decide to announce it.

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