No, bitcoin is decentralised meaning bitcoin is running by everyone around the world participating in the Bitcoin network. Therefore, there is no single point of failure. To shutdown Bitcoin, you’ll need to go certain extremes, such as shutting down the internet or shutting off the electricity. The government can slow down the innovation that Bitcoin brings to the world, but then they are being bad leaders for the greater good of mankind.

Please log in to rate this.
0 people found this helpful.

Category: Legal

← Can the government shutdown bitcoin?

Leave a Reply

Your email address will not be published. Required fields are marked *

*Oct 27, 2016: Bitcoin Core v0.13.1 released. 95% of miner hashing power must upgrade for SegWit activation. | What's New? | Download Update | % blocks mined w/ Segwit | % Running v.0.13.1+
Login Q&A Contact Stats Price Share
Thank you! Your message has been submitted to us.
Visit Today : 146
Visit Yesterday : 274
This Month : 5179
This Year : 24305
Total Visit : 737721
Hits Today : 425
Total Hits : 1984024
Who's Online : 4
Server Time: 17-03-16

Recently Asked: