Ever Asked Yourself If Bitcoin Could Ever Stop?

[CONVOAI]

Have you ever wondered what would happen if all Bitcoin miners stopped mining Bitcoin together? What if every Bitcoin holder decided to sell Bitcoin and every government banned Bitcoin? What if every Bitcoin developer stopped updating and maintaining Bitcoin Core? What if no one was interested in buying even 1 Satoshi of Bitcoin? Have you ever thought or discussed what would happen if all of these things happened at once? Founder of Bitcoin Satoshi Nakamoto must have developed Bitcoin with these things in mind. What is his backup plan?

[Alvin_talk]

What if the sun collapse to the surface of the earth? What if an elephant gives birth to a monkey? OP these are certainly the way I interpret most questions you've ask because I mean those things are never gonna happen anyways. Bitcoin has come to stay, it's already too late for the government or any entity to dictate bitcoins existence, I hope that answers most of your queries.

[Gozie51]

These are rhetorics that will not happen because Satoshi knows that as far as human existence continues, there must be buying and selling, there must be exchanges and investment. So bitcoin will not seize to exist.

However between miners and users of Bitcoin, what happens is the law of demand and supply. If there is no demand then there is no production. So there will be need to mine if there are users on demand.

[CONVOAI]

What if the sun collapse to the surface of the earth? What if an elephant gives birth to a monkey? OP these are certainly the way I interpret most questions you've ask because I mean those things are never gonna happen anyways. Bitcoin has come to stay, it's already too late for the government or any entity to dictate bitcoins existence, I hope that answers most of your queries.

So, is Bitcoin really immortal? It will never die, right? Even if Bitcoin goes through a very bad time, like an 80% price drop, will the network and community still keep Bitcoin alive? I wonder what would happen if such a situation ever happened in the future. For example, if all Bitcoin miners stopped mining, then it would not be possible to make Bitcoin transactions, right? Because the future is uncertain. So we should think more about these.

[Alvin_talk]

So, is Bitcoin really immortal? It will never die, right? 

So is gold really immortal? It will never die, right? Bitcoin is a digital currency (digital gold) with solid foundation, you rarely find a loophole around it, so what makes you have such negative question around it. Although the future presents so many uncertainties, so I would say the probability of bitcoin decline is same as that of gold and the short answer is both will stand the test of time. So I will encourage you to clear all doubts around bitcoin today and consider investing if you haven't already.

[Chibit01]

It’s good to think outside the box, what if government decide to short down internet, that will basically put everything into pause, if everyone decide to sell their bitcoin who else will be on the other end to buy it from all who want to sell? Their will be no selling instead everyone will stop buying that’s if something like that have a possibility of happening.

But instead of me wasting time cracking my brain on what’s only have a high probability of happening in my dream and lesser probability of happening in reality, I will rather spend and waste that time on counting how many 0.0625mm of stone can make up 50kg.

[Findingnemo]

Miners stopped working? Why would they stop where they lose their earning potential?

All governments banned Bitcoin? When was the last time all the government ever agreed on one thing?

Every holder decided to sell and no one is interested in buying even 1 sat anymore? Then, exchange's order books will be filled with trades that will never get executed.

But do you see the irony, even the possibility of any one from the above to happen is zero but to stop bitcoin, everything should happen. So you are trying to prove Bitcoin is unstoppable.

[Dunamisx]

Have you ever wondered what would happen if all Bitcoin miners stopped mining Bitcoin together?

Mining bitcoin is an independent work to do, the only thing that can cause the end of mining is when the market 21 million bitcoin cap had been reached, then there will be no more mining reward, because they all have to depend on the transaction fees by then, they can't just stop mining like that without a reason, that's the source of their income for now.

[john_egbert]

What if the sun collapse to the surface of the earth? What if an elephant gives birth to a monkey? OP these are certainly the way I interpret most questions you've ask because I mean those things are never gonna happen anyways. Bitcoin has come to stay, it's already too late for the government or any entity to dictate bitcoins existence, I hope that answers most of your queries.

So, is Bitcoin really immortal? It will never die, right? Even if Bitcoin goes through a very bad time, like an 80% price drop, will the network and community still keep Bitcoin alive? I wonder what would happen if such a situation ever happened in the future. For example, if all Bitcoin miners stopped mining, then it would not be possible to make Bitcoin transactions, right? Because the future is uncertain. So we should think more about these.

Why would they stop, even in theory?

[red4slash]

When you are given an advantage even to work and make money what reason would make you not do it?

Nowadays we know that bitcoin is an access to profit even though this thought will be considered a mistake for some people but in the end bitcoin brings profit it is a thing that really happens and we cannot deny it so what reason is really acceptable for miners when they stop simultaneously?
This condition will obviously be very difficult to happen and I don't think there will be a chance for something like this which makes us definitely realize that the rhetoric you made will not be able to materialize at least for now. the possibility that miners will stop when bitcoin runs out and cannot be mined anymore maybe that can happen.

[Maslate]

These things could have happened when bitcoin is still in its early stage, but seeing how bitcoin have influenced the crowd these days, I don't think those negativity can still stop bitcoin from its existence. Gone are the days where people are still doubtful to take the risk, this time almost all of the people are risk-takers, because they won't be making gains in the future if they'll stay fearful of taking risks. Add to it is the unstoppable influence of social media to the people, which is also the reason why some people have come to know bitcoin.

[Forsyth Jones]

The most likely scenario is that some crazy government will decide to ban Bitcoin, but guess what, that's already been tried and failed miserably: https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp

What could happen is that some government might create regulations for Bitcoin developers, or any other crypto, to identify themselves and comply with the rules created by bureaucrats, but a single country won't have that much power, especially against American companies and technologies that are currently more Bitcoin-friendly.

Regarding miners stopping mining Bitcoin without any justifiable reason for giving up the reward, something catastrophic would have to happen, but it would make it easier for people with more accessible hardware to mine. So I won't even get into that issue.

In short, the state has power over exchanges CEX, but from the moment BTC is transferred to self-custody, there's not much that can be done.

[Kelvinid]

Your questions are just too far to be real, especially that we are not yet in the early stage of bitcoin. If there are chances that bitcoin could stop, then how? when the government itself can't even stop bitcoin from evolving.

If I were you, do not focus on the negative things and create confusion on your mind. Focus on the goal why you are here, and stick to them because that's exactly what keeps you going here, not the negativity around.

[serjent05]

Have you ever wondered what would happen if all Bitcoin miners stopped mining Bitcoin together? What if every Bitcoin holder decided to sell Bitcoin and every government banned Bitcoin? What if every Bitcoin developer stopped updating and maintaining Bitcoin Core? What if no one was interested in buying even 1 Satoshi of Bitcoin? Have you ever thought or discussed what would happen if all of these things happened at once? Founder of Bitcoin Satoshi Nakamoto must have developed Bitcoin with these things in mind. What is his backup plan?

If all miners stopped mining Bitcoin together, the network will have a full stop.  Transaction won't confirm but Bitcoin will not disappear, it will only become idle.

If Bitcoin holders sell, then the market will crash, if there is no demand, Bitcoin will become worthless.

If every government banned Bitcoin, adoption would slow down, market will be greatly affected but Bitcoin won't die.

If Bitcoin developer stopped updating and maintain Bitcoin core,  there will be other developers that will step in.  This is the beauty of open source and decentralization.

If these thing happens at once, then it is a doomsday for Bitcoin but it is impossible to happen because when miners stopped mining, there will be no confirmed transactions and the network will be on hault so sellers can't move their Bitcoin to exchanges nor deals with P2P transactions.

[Furball808]

But why?

All the things you said will not be happening for no reason. The reason why these things would never happen is because bitcoin will keep giving value over time. So no matter how many other miners stop, others will continue. As long as there are people using bitcoin, miners will exist as well.

[JoyMarsha]

OP, what you think about Bitcoin in your post can't happen at the same time. No time will all Bitcoin miners stop at the same time, every Bitcoin holder sell at the same time, or even every government ban Bitcoin.

However, if that should happen(impossible), it will be one after the other, not all at the same time, because they didn't all start at the same time, what will make all of them have the same reason to stop supporting Bitcoin at the same time? Does it look normal when you know that each one of them will choose on their own separately on when they will stop having Bitcoin.

OP, I'm trying to picture what you are thinking. That doesn't make a reality tol think of because it is not in any way

[Asiska02]

Have you ever wondered what would happen if all Bitcoin miners stopped mining Bitcoin together? What if every Bitcoin holder decided to sell Bitcoin and every government banned Bitcoin? What if every Bitcoin developer stopped updating and maintaining Bitcoin Core? What if no one was interested in buying even 1 Satoshi of Bitcoin? Have you ever thought or discussed what would happen if all of these things happened at once? Founder of Bitcoin Satoshi Nakamoto must have developed Bitcoin with these things in mind. What is his backup plan?

The possibilities of all this happening is very minimal and I don’t think that can even happen even in our wildest dreams. Bitcoin has created a very strong root and reputation that makes it very hard to be halted just like that. If all of this happens, bitcoin will definitely come to an halt and it may cease to exist because it’ll become worthless in people’s portfolios and can’t be moved from one wallet to another. The possibility of all of the things you’ve mentioned happening at once is very impossible as signals will already be seen as a disclaimer to start to avoid Bitcoin.

Satoshi has developed a rather close to perfection technology that resonates in this digital era, so this makes it even look more rhetorical to answer the main question of the OP, saying if “Bitcoin can ever be stopped?”. Only Satoshi knows if there is a backup plan and if there was any, he can always keep it to himself as one of the security to keep the technology thriving or else, misinformation will thrive more about it even though the back up plan is brilliant.

[freedomgo]

Tell me your valid reason why bitcoin has to stop. Because if what you have are just unrealistic thoughts, you better get rid of it, otherwise that could form as your bitcoin threats later on. Instead, keep those positive thoughts because for sure, they will attract positive outcome.

Bitcoin may be risky and that its nature, but we can always manage or lessen the risk if we want to. Its up to us how we can take advantage of bitcoin, despite how volatile and risky it is particularly for those who don't get to see the true value of bitcoin.

[jossiel]

IIRC, there were a lot of threads in the past drawn about this certain topic but I'm kind of lazy to find them all.

So, if all miners start to dump all of their bitcoins and have stopped mining. The price might react to that but remember that there are a lot of whales in the market that won't just let it pass.

They're all going to catch all of those bitcoins that are sold by those and they'll buy them back. In these days, everyone is in a hurry to acquire more to be honest and if they know that a bunch of supply is released to the economy, they'll be quick to buy them.