Why We Can Be Certain Bitcoin Will Never Be Shut Down
We already have a cast iron precedent
At first glance this seems to be a very bold claim.
After all, this is often cited as a reason that Bitcoin can’t succeed, specifically, the point that “they” will simply shut it down. We can assume that “they” is a faceless collection of powers represented in various forms including governments, regulators or even monarchies.
But the reality is that it’s already too late for that. In fact, it was probably too late within a few months of Bitcoin’s birth in 2009 when the practical applications rapidly became clear. At that point, even though the entire ecosystem was tiny, it was already widely adopted enough to make closing it down extremely difficult should the powers that be have been remotely interested in doing so.
Which they weren’t.
And, as a result, that window of opportunity has now closed forever. Bitcoin can now not be stopped by any legislative power on earth, barring an unprecedented joining of global forces by all governments from all sovereign states agreeing a single global course of action in the very near future.
But since we can’t even collectively agree to stop doing activities that will actually kill us — such as pumping highly toxic waste into…
