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Author Topic: Who can destroy Bitcoin ?  (Read 9775 times)
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September 18, 2017, 09:05:21 PM
 #1

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.



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September 18, 2017, 09:57:21 PM
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successful cryptanalitic attack on private keys, excessive mining monopoly, global internet shutdown (possibly), massive loss of interest.
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September 18, 2017, 10:03:48 PM
 #3

be sure nothing can destory Bitcoin  Grin

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September 18, 2017, 10:19:49 PM
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Until now no one can beat bitcoin, but if we talk in general only ETH has the potential to beat bitcoin, but I think for now ETH can not beat it.
But soon the possibility of ETH will be ranked 1

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September 18, 2017, 10:22:29 PM
 #5

1. No one believes in bitcoin (because of something).
2. World war.
3. When the power grid/internet has been shutdown.

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September 18, 2017, 10:24:11 PM
 #6

nobody can do it  Cool

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September 18, 2017, 10:27:39 PM
 #7

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
None? as long as the nodes of bitcoin will still actives to secure the bitcoin network around the world, but according to the recent news and it seems the government is be able to control bitcoin through give a limit to the exchange sites or even banned it from their countries. But bitcoin is about freedom of use.

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September 18, 2017, 10:33:32 PM
 #8

personally I think the factor, which can most certainly destroy the bitcoin is the Chinese, as well as the authorities, may be that one day the bitcoin will become illegal or will be much more monitored ..
If China completely prohibits the crypto currency in its country, and this is quite possible in connection with the latest news from China about the draconian measures being prepared there in relation to the crypto currency, this will not mean death for bitcoin. Bitcoin is quite capable of surviving and successfully developing without China, which has witnessed its significant growth over the last three days.

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September 18, 2017, 10:42:27 PM
 #9

I do not know exactly who can destroy bitcoin? maybe I think the country with the strongest economy can destroy it. bitcoin in my opinion is difficult to destroy because it is too strong, china alone by forbidding ico only little impact to bitcoin, now the price of bitcoin is back to normal.

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September 18, 2017, 10:56:09 PM
 #10

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

Bitcoin surely can be destroyed by few factors. Firstly the government authorities. If The federation of all countries like United Nations decides bitcoin as a threat to the present banking and financial systems, that would bring a huge loss to the bitcoin investors. We have recently seen a glimpse of such an incident when Chinese banned the ICO and exchanges.

Secondly, bitcoin can be destroyed if their is a massive hacker's attack on the network and they start publishing the network key of all bitcoin users. This way, a lot of uncertainty and confusion will fused in to market and many investors will turn negative to it siting the weak security of their funds. It will cause a massive loss of interest among the investors and the price will start to go down.

There may be more factors, but for me, these two factors can easily bring down the price of bitcoin and eventually destroys it. 

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September 18, 2017, 11:00:31 PM
 #11

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Simple, another coin that does all bitcoin can do, plus more. Ethereum is still young, but already offers a multitude of utility, that Bitcoin in it's current state, pales in comparison to. Now,  just imagine something that offers all of this, plus more?
   Bitcoin and blockchain will always be the archetypal foundation, the mold that all other crypto coins will be cast from, in it's shape and likeness. What ever format the new platform morphs into, you can be sure that it will be more innovative than the previous two!
What ever problems, or inefficiencies Bitcoin, and Ethereum may suffer from at the moment,  their successor will answer for, superseding expectations,  and raising the bar of innovation to new heights.

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September 18, 2017, 11:04:25 PM
 #12

I do not know exactly who can destroy bitcoin? maybe I think the country with the strongest economy can destroy it. bitcoin in my opinion is difficult to destroy because it is too strong, china alone by forbidding ico only little impact to bitcoin, now the price of bitcoin is back to normal.

There are many possibilities that can destroy bitcoin. Those greedy persons that wanted to stop/ban the bitcoin so anyone cant use it. My first choice that can destroy the bitcoin is the government which they think can affect the economy. But nowadays, bitcoin is becoming stronger digital cryptocurrency that would adopts more users in the community. So I think it cannot destroy for now as the demand is continuing to grow.

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September 18, 2017, 11:24:15 PM
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The big owners of bitcoin can destroy because of volatility of bitcoin when the owner did not use his bitcoin anymore or forgot their password the moment they did not recover it is to be consider lost bitcoin and when the number of bitcoin circulating in the market became lost or stagnant thet would be the start that bitcoin will be destroy.

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September 18, 2017, 11:25:32 PM
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I dont think any one entity can purposly destroy bitcoin

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September 18, 2017, 11:29:44 PM
 #15

The one that can destroy bitcoin completely is the users, if nobdy used bitcoin anymore then bitcoin is officially dead, hackers also potential to caused bitcoin to dead, if people not feeling secure about their money then they wont invest or used it

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September 18, 2017, 11:36:01 PM
 #16

The only people who can actually destroy Bitcoin are the users.  Its like asking who can destroy the internet.  If more people and more people adopt Bitcoin, great, it will be awesome and big.  If no one adopts it, it doesn't exist. 

One thing to mention here is if Bitcoin is ever able to be hacked by super computers, that could destroy it too..

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September 18, 2017, 11:43:23 PM
 #17

I think it's hard to get rid of bitcoin, maybe it's not as easy as that, maybe by the way the loss of the internet network in this world bitcoin can disappear, or also by closing all the market markets that exist all over the world.

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September 18, 2017, 11:44:14 PM
 #18

which can destroy bitcoin can be all of us, when everyone is no longer interested in bitcoin work, as long as we are all still loyal to bitcoin, then bitcoin will never be destroyed, the investment will greatly maintain the stability of bitcoin.

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September 18, 2017, 11:47:57 PM
 #19

trust, big investors, big issues issued by the state or influential people, so the market is not running.

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September 19, 2017, 12:11:27 AM
 #20

trust, big investors, big issues issued by the state or influential people, so the market is not running.

Bitcoin has been resolute despite all the middles thrown at it from individuals, governments, cooperations and what have you . I'm tempted to believe that there's nothing in this world capable of destroying Bitcoin because if there was the bad guys would have gone for it a long time ago.



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