This is probably a question on everyone's mind right now especially with all this F.U.D. out of China and now Korea with ICO's.
There are only a limited few ways for anyone to truly stop bitcoin and these options are extremely unlikely.
First option would be to pull the plug on the entire internet, I have heard that multiple countries do possess a "switch" (if you will) to shut down the internet.
But let's be honest, that would take away way to much power from governments and the elite.
Second option and even more extreme option would be to shut off all power completely, which would cause chaos, rioting and all kinds of behavior that the elite couldn't control.
Not to mention a WORLD WIDE crash in which much of the population would be killed.
This could also be like an E.M.P. type scenario (in war possibly).
Other than that, yes governments will make it illegal but there are no boarders on the internet.
But just like drugs and other illegal things, people will always do what they want.
Now we have a currency the entire world is agreeing on without the governments approval and people are starting to see the power of peer to peer transactions without the need for fiat currency or government rules.
Not having control of money scares the shit out of the power elites and that's why they want to stop it.
It can be slowed down as governments try to put restrictions and regulations on it, but the truth of the matter is they can't really do anything to stop it.
All governments would have to work together as a cohesive unit to stop bitcoin and we KNOW that won't happen.
So there you have it, stop worrying about this F.U.D. and grab some coins while they are all STILL on sale because bitcoin can not be stopped!
peace, love n all that hippie shit
Do you understand how much energy it currently takes to keep the miners going. How much does that cost daily? No energy and the blockchain doesnt grow.
I totally understand how much power that takes, but i dont understand why u think that matters? Lots of things take shit tons of energy but they wont cut power to everything just to spite bitcoin. Besides the government wont turn off energy, its way to dangerous.. maybe in some extreme case for a very short period of time, but not the entire world.
And people like me will never give up on bitcoin and i have alternative energy (off the grid). So no matter the pressure it will ultimately survive (as long as there is an internet at all). If they cut all energy the whole world will collapse not just the internet and at that point i dont need my bitcoin, just my guns and bullets.
Atleast thats how i see it..
awesome post thanks for sharing
I agree!!! I was talking about this with my best friend yesterday. I'm trying to let her know that bitcoin is a great investment opportunity... similar to google, microsoft, etc stock-wise when they just started. It is beyond that though, it is revolutionizing the entire world and monetary system.
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China can stop its citizens from using bitcoin by locking up anyone using cryptocurrencies and locking up their families. Because China is Communist and ruled by dictator they can do whatever they want to do.
they can make a law against it yes, but just like drugs and many other things outlawing it wont stop it. just make it go underground where it thrives =)
Stunning photo captures , appreciate your work and writing @moderndayhippie . keep it up :)
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