RE: Can somebody actually shut down Bitcoin?

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Can somebody actually shut down Bitcoin?

in bitcoin •  7 years ago 

For example china can somehow block bitcoin traffic, leaving miners disconnected. Whatever happened outside china will be erased after it is reconnected...

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7 years ago by

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      ·  7 years ago 

    China needs money and bitcoin to survive. Why will they ever do that. Incase China blocks bitcoin traffic, Other nodes outside China get benefited. The price of bitcoin will stay low for some time and will gradually pickup. If someone wants to shutdown bitcoin. They need to shutdown the internet. Which is connecting each and every people today. If internet goes back. We will be back to stone age. Which will never happen .

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        ·  7 years ago 

      I think China is not to too happy about Bitcoin. Funds actually flow out of China bcoz of this circumventing capital controls. I'm not saying it's wrong or right as I have my own views on this but Chinese public wants Bitcoin yes. Chinese Government does not.

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