#شارك_أفكارك_حول_BTC
Is Bitcoin unstoppable?
The idea is partly true, but it is exaggerated.
The accurate version: Bitcoin is a decentralized network that operates through thousands of nodes around the world, so no company or government can shut it down with the push of a button. China tried to ban mining in 2021, but miners moved to other countries and the network continued operating.
What’s inaccurate:
“The only one”: Ethereum and other cryptocurrencies are decentralized too and operate on the same principle, although Bitcoin is older and more widely used.
“Cannot be stopped”: It is difficult to stop, but not theoretically impossible.
Countries can ban exchanges, restrict banks, and criminalize its use, affecting its price and accessibility even if the network continues operating.
There is also the theoretical possibility of a 51% attack, which would be very costly for Bitcoin.
In short: It is more accurate to say that Bitcoin is resistant to shutdown and censorship, not that it can never be stopped.$BTC
Is Bitcoin unstoppable?
The idea is partly true, but it is exaggerated.
The accurate version: Bitcoin is a decentralized network that operates through thousands of nodes around the world, so no company or government can shut it down with the push of a button. China tried to ban mining in 2021, but miners moved to other countries and the network continued operating.
What’s inaccurate:
“The only one”: Ethereum and other cryptocurrencies are decentralized too and operate on the same principle, although Bitcoin is older and more widely used.
“Cannot be stopped”: It is difficult to stop, but not theoretically impossible.
Countries can ban exchanges, restrict banks, and criminalize its use, affecting its price and accessibility even if the network continues operating.
There is also the theoretical possibility of a 51% attack, which would be very costly for Bitcoin.
In short: It is more accurate to say that Bitcoin is resistant to shutdown and censorship, not that it can never be stopped.$BTC