Bitcoins is indestructible

[Herbert2020]

https://medium.com/@alcio/how-to-destroy-bitcoins-255bb6f2142e#.3nrw5maq6

This article has captured my attention it said that there are ways to destroy bitcoin he further mentioned three steps to destroy bitcoins. But for me this all three steps will result to nothing and it will not bury bitcoin into the ground. Volumes of large bitcoin stock has already experienced the three ways he mentioned but it is still alive today. So i will say bitcoin will keep kicking for 260 years.

this is just another bullshit article that was created to bait clicks with a hot topic, but it really has nothing useful to say. the author fails to explain how these addresses are made and his reasoning for why someone would destroy bitcoin this way is beyond bullshit.

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[dinda22]

when the block reward for miners only a few satoshi, then all the miners to stop mining, when there will be no transactions and will never confirmed. so it's a bitcoin destruction. so I also believe bitcoin will continue to live for hundreds of years.

[ranochigo]

This article is meaningless at all and so are most of the replies above.

Sending bitcoins to a bogus address (an address with no known private key) is an easy way to burn bitcoins.

No owner of bitcoin will do this intentionally in my opinion unless that person is: 1) not serious about bitcoin, 2) not thinking about the hard work/money that he invested into it, 3) Not believing that bitcoin will succeed, 4) thinking that bitcoin is worthless etc.

Most would burn Bitcoins as a proof that they sent the Bitcoin to an address which can never be redeemed, mostly seen in alt coins. Some actually feel that this might increase the Bitcoin value since less Bitcoins would be on the market. Whatever the reason is, burning Bitcoin by sending it to an address with no private key is rather stupid since it bloats the UXTO database on nodes.

[Wind_FURY]

The guy will simply be wasting his cash. Because he has to first of all buy the bitcoins with his money, then send them to a random address. Even if he buys 20M btc and "burns" them, what will happen is that, the price of 1 satoshi will probably rise to like $1000 or something to make up for all the lost coins.

That's one stupid way to "destroy" bitcoins. Why not make money out of bitcoins instead of wasting your money destroying it? That would be a much better option.

[CloudStrife]

Certainly there is no system completely safe. However, over the time, bitcoin network has proven to be very stable and safer than many other networks.

[Snorek]

Useful guide for everyone who wish that Saotoshi's coins were destroyed.
The best part was claim that finding a private key and validate BTC address will requires to spend more energy that our solar system will produce during its lifetime.
That is the power of mathematics for you!

[drwtsn32]

The article did not mean to destroy bitcoin but just to stop some of the coins from circulating.
Those are two different things. But if you mean to "destroy" it, it means you are going to break into the encryption which is as of with our current technology is impossible.