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Author Topic: Who can destroy Bitcoin ?  (Read 21666 times)
akishang
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November 27, 2017, 02:22:02 PM
 #1221

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Jist like any other product,the only one who can destroy bitcoin are the people involved on it. If no one will use bitcoin,its value will defintely drop. This scenario is impossible in my opinion. Bitcoin users grows everyday and I haven't heard anyone started using bitcoin and ended not using it. Bitcoin has its own charisma where in peole keeps coming back.

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care2yak
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November 27, 2017, 02:33:54 PM
 #1222

hmmm... who can destroy bitcoin? probably the devs, the miners, and some genius out there who can render bitcoin's programming language obsolete, i think, can destroy bitcoin. but if the devs are diligent enough to prevent that from happening with updates and improvements to bitcoin then perhaps, it'll never happen -- right? I'm just guessing. Anyway, the miners will have their part too. If they -- all of a sudden, abandon bitcoin for some other asset more profitable for them, that can could spell danger too.... still i'm just guessing and praying that it will never get to that.

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November 27, 2017, 03:48:51 PM
 #1223

Nobody.
mersal
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November 27, 2017, 03:53:43 PM
 #1224

Until now no one can beat bitcoin, but if we talk in general only ETH has the potential to beat bitcoin.

we are using bitcoin because its value is very high. If no one use bitcoin it automatically not valuable.
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November 27, 2017, 03:55:28 PM
 #1225

IOTA
fadlyzuld
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November 27, 2017, 06:07:35 PM
 #1226

Who can destroy bitcon
In my opinion, we are using bitcoin. That is our belief in bitcoin, which is a valuable belief for us Tongue Tongue Tongue
South Park
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November 27, 2017, 09:51:35 PM
 #1227

Well, I think if hackers will hack bitcoin and they will steal all money, but for 9 years working I haven`t heared something similar. There is another option if all investors will withdraw their money, then bitcoin at least will fall to the bottom. Also if countries which have recognized bitcoin legal will start blocking bitcoin, then this option is also possible.
If hackers could do that they would have done that already, but think about it if people knew bitcoin was insecure people will stop using bitcoin so their attempts to earn money by hacking will backfire on them, since no one will accept a coin like that any longer.

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overcliff433
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November 27, 2017, 10:06:55 PM
 #1228

Quantum processing will definitely destroy bitcoin and cryptocurrency.
Drakula
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November 27, 2017, 10:17:14 PM
 #1229

if people would stop using it then it will no longer have value
When people stop using it, the existence of Bitcoin will be gone and will be totally destroyed. Also, if the higher officials for our country ban it, we can't do something because they are more powerful than us. Aside from that, the who have an eager to own it, it will be destroyed.
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November 27, 2017, 10:23:06 PM
 #1230

if people would stop using it then it will no longer have value
When people stop using it, the existence of Bitcoin will be gone and will be totally destroyed. Also, if the higher officials for our country ban it, we can't do something because they are more powerful than us. Aside from that, the who have an eager to own it, it will be destroyed.
So that the second factor you mentioned above does not occur, it is our duty as users to maintain bitcoin by not doing things that act like a crime by using bitcoin as the use of the crime, since it is the beginning of the destruction of bitcoin even though one country that blocks bitcoin access has little effect on the bitcoin market, but that is very detrimental to users in the country.
a4techer
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November 27, 2017, 10:24:56 PM
 #1231

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

Bitcoin is one of the highest value of all cryptocurrency and lead so that do we think that bitcoin can stop or can destroy i dont think that who can distroy bitcoin. Right now bitcoin was a powerful cryptocurrency even the government cannot destroy and stop bitcoin and we many of users are here and many investor are here in bitcoin so that no one can stop, destoy bitcoin.
perfect999
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November 28, 2017, 11:21:06 AM
 #1232

Someday, maybe, will be created new crypto with simply new mechanics.
For now there are only few alts, like eth, that can compete with bitcoin in future
You must be kidding about eth beating bitcoin somewhere in the future. This is possible but only in dreams. Bitcoin is not only the strongest digital currency but also the strongest currency among all world currencies and there is no other currency which has amazing features like bitcoin. Bitcoin has also successfully beaten famous investments such as gold and real estate. The future of bitcoin is very secure.
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November 28, 2017, 03:12:35 PM
 #1233

Who estroy Bitcoin ? they can't destroy bitcoin however they can stop  its value in to the market if numerous nations will prohibited or otherwise allowing bitcoin in their particular nation using that the worth cost of the bitcoin will fall.dcan

Maybe the developer can destroy it since he is the one who created it, for sure he knows how to destroy it.  Just a simple erasing of a code and it is destroyed   I do not know, I am just guessing. Grin  It can only be dedtroyed if no one will ever use it and there would be no more internet.  But that are impossible.
fortysxity
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November 28, 2017, 05:46:53 PM
 #1234

Solar Flares - society as we know would be knocked back hundreds of years

https://www.youtube.com/watch?v=FW8Rsil0lqk
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November 28, 2017, 05:48:24 PM
 #1235

the goverment!
South Park
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November 29, 2017, 10:42:24 PM
 #1236

Quantum processing will definitely destroy bitcoin and cryptocurrency.
Not really there is a lot of time before that happens, and if it seems we are getting closer to that day there will be technology to avoid that, besides if that technology could destroy bitcoin it could also destroy the banking system since they will be vulnerable to quantum computers as well.

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pluMmet
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November 29, 2017, 10:53:24 PM
 #1237

Maybe that can be devastating bitcoin that if the developer not do a lot of innovation or give something new for users bitcoin until they feel if bitcoin ineffective again, and eventually they turned to another they think they’re more comfortable with what in given by the developer and feel that the new more effective to get income for them.
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November 29, 2017, 10:57:47 PM
 #1238

All of us can destroy bitcoin because if it has no purpose it has no price. But this will never happen , at least for now and in the next years. I've read that thread again with that story from the "time traveler" , seems weird tho  Grin

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November 29, 2017, 11:00:31 PM
 #1239

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Its really hard to believe but then this is the reality of bitcoin , bitcoin speak for his self that bitcoin will be always number one digital currency the fact is always use your bitcoin in smart way if you do that then its good to know since the value of bitcoin in coins market keep increasing and no one can sestroy bitcoin unless you deside to be the one lmao.
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November 30, 2017, 07:40:30 AM
 #1240

I think Bitcoin has grown so big that at this point, Bitcoin is the only thing that could destroy Bitcoin. I am not against forks (and I am not supporting it too) but I do see that if we don't put our efforts into improving Bitcoin from user's side, developer's side and work on the current issues in order to resolve those issues then we don't need anyone to destroy it for us. I don't see any external factor as strong as internal factors having the capacity to destroy Bitcoin, to be honest.

I agree that implosion will be a far more likely outcome, rather than something external. The path of Bitcoin needs to be closely monitored, that's why I've noticed btc loyalists are extreme in protecting the path.
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