I have recently done a few posts relating to the views of Bitcoin sceptics, and this one has to be one of my favorites.

What would happen if Bitcoin gets shut down?

I have heard quite a few people mention lately that they notice the growth in bitcoin as well as the high demand to attain bitcoins that goes hand in hand with the growth.

What do I think about this?

Simple! – No Way!!

There is no way that a single person or entity can wake up one morning and decide to wipe the Bitcoin server resulting into the miraculous disappearance of bitcoin as we know it!

The reason for that is; Bitcoin is based on the Blockchain witch is spread out over numerous computer world wide, and it is simply not as simple as switching it off.

Also the blockchain has a security system:

Yup, that’s right, the blockchain secures itself by means of Nodes.
For those of you who might not know what is a node; It is a network of various computers based all around the world that downloads the entire updated open ledger that bitcoin is dissected in.
Meaning that every single bitcoin transaction that is made is documented in an open ledger that then gets downloaded to one of these nodes – so nothing gets lost – ever! This documents everything from the origin of the bitcoin undergoing the transaction, its current location as well as the receiving point.

What does all of this mean?

It simply means that Bitcoin can not be shut down, and that you can prove that you are the owner of bitcoin without a doubt thanks to the Blockchain.