Who can destroy Bitcoin ?

[arlinxoha]

Bitcoin prices are currently low. But I do not think that bitcoin will be destroyed for this. Now its price is increasing slowly. Bitcoin has become very powerful. It's not so easy to be destroyed. I'm not watching Bitcoin's demolition but a bright future.

[ZaraArun]

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

I think if all governments ban bitcoin, I think then the motivation to use bitcoin as a P2P currency will dwindle and eventually because of the loss of value/demand it could go to a slow death...
But lets hope that's not the case...

[JamesBolivar]

State level actors acquiring enough CPU power. I've also heard that quantum computers could crack SHA256.

Of course both are highly specualtive and unlikely IMO. I would give more credence to the first than the latter.

Quantum Computers can't do shit right now and that won't be changing for a while.

[googlebtc]

no one can beat bitcoin because if bitcoin gets lost there is likely to be a problem with people using bitcoin in crypto currency, because bitcoin has a big impact on the growth of their global currency, taxes

[Topper]

If all governments of the world causes a global power outage and are the only ones that can run the blockchain on a (secret) computer, they can alter the block and the code, literally destroying the currency.

Beside that, there are some scenarios what can cause BTC to go down to zero in value:
1) The next 'new thing' that makes BTC obsolete, so ppl are flipping to the new technology. That can be ... OPEC is setting up an alt-coin and accepting only these crypto currency as a payment for crude oil. I think we will see a huge dip in all cryptos then.
2) When ppl agree on each other that BTC are worthless. But keep in mind that BTC can rise from 0.00 to even $5k, when ppl agree that one BTC is worth $5k again like between 2010 and 2017.
3) someone successfully hacks all existing nodes in the network simultaneously (very unlikely)
4) The day the last users of BTC losing their keys for their wallets and there are simply no more BTC in circulation (after the last BTC had already be mined)
5) A zombie apocalypse, judgement day, a global killer comet a.s.o.

[pucunghul]

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

nobody knows. as long as bitcoin is liked by many layers of society and people involved in it. it would just be an empty talk. for seeing and referring to the development of bitcoin from the first time up from the Chinese rumors. bitcoin still exist and survive. conclusive evidence.

[natka]

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

nobody knows. as long as bitcoin is liked by many layers of society and people involved in it. it would just be an empty talk. for seeing and referring to the development of bitcoin from the first time up from the Chinese rumors. bitcoin still exist and survive. conclusive evidence.

if to speak on the merits, then to date, many already trust Bitcoin. Although I still can not understand What are its prices, although I see that huge amounts of money are paid for the crypto currency. This is a curiosity for me and I have not yet fully understood this. But I hope that soon very well I will start to earn Bitcoin and even in plans I have to go to trading on the crypto exchange.

[Halcyon Days]

State level actors acquiring enough CPU power. I've also heard that quantum computers could crack SHA256.

Of course both are highly specualtive and unlikely IMO. I would give more credence to the first than the latter.

The computing power of quantum computers should be enough to crack SHA256. However, this would mean, that quantum computers could also hack into any currently secure banking system and similar. The least we should worry by then is the destroyed BTC, but the vulnerable economy.

[drm]

Bitcoin itself can't be destroyed at this point in time I guess.
But it's value can be destroyed, if only the regulations become bad enough.

[shushu9977]

now a day, bitcoin is the most successful and powerful currency. we know, man will create everything and man is the owner of everything.........

[Glorious04]

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

If it can be destroyed i believed it has long been destroyed but amidst the ups and downs of its value it is all the more growing and still on the top.

[bettercrypto]

Bitcoin is already released in the public, whether it forked or maintain its specifications,  Bitcoin cannot be destroy,  some theory about quantum computers but I guess Bitcoin security would have been upgraded by that time.  Besides it is hard to destroy it because even a single computer can make it or stay it alive. And if ever the network stopped, it was forgotten for several years, once someone got an interest to revive it, it will go up again.

[cynical]

I was just going to say the same thing, I don't think it is possible to destroy bitcoin because of the amount of users it has and the amount of investment involved.

[Restmand]

Bitcoin itself can't be destroyed at this point in time I guess.
But it's value can be destroyed, if only the regulations become bad enough.

no one can destroy bitcoin, bitcoin itself cannot destroy because the bitcoin has a strong support in the market, it cannot be easily for them to pull down bitcoins they cannot do it, thats why people are still trusting bitcoin with all their hearts and they easily using it too. many investors are still investing thats good it makes bitcoin stronger.

[Aztek]

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.

Bitcoin is a form of crypto-currency in which most of people rely on it in terms of transactions. So it doesn't matter how it would take on every transaction that is basically unmanageable because bitcoin is aligned to the development  where every transaction is anonymous.

[noictib]

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

I think no one can destroy because it is not available for anyone to make entry in the algorithm and make change .
Here in my opinion the bitcoin is that thing which is totally uncrackable  because after the owner of the bitcoin , no one has the trace that from where it is operating .
People knows about the mining and supporting to make money also but the actual hosting data is where? No one knows and i think it will lasts for long run until the hosting server will exists .
But here my total whole understanding is saying that the data of blockchain is saving per second in multiple servers , so there is no chance of down going the network .
So conclusion is saying that it is impossible to destroy the bitcoin , atleast for 100 years it will exists easily because i am not seeing anything which is against the bitcoin future and facing any technical problem .

[Prettyme]

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

I think the only factors that can destroy or make the value of bitcoin become zero is the scammer. Bitcoin will become safe as long as there is no scammer that can create a bad image of bitcoin. A good image of bitcoin can attract users to use bitcoin because the factor that makes the bitcoin increase its price that is because of people who continually use it.

[subSTRATA]

successful cryptanalitic attack on private keys, excessive mining monopoly, global internet shutdown (possibly), massive loss of interest.

Hell Yeah you are right that  a great hacker that has a capability and skills can kill Bitcoin at all.Global internet shutdown for me is the major factor that can formally and the one that can make the Bitcoin fall down in permanent and put it into history.

i dont think any single 'great hacker' is going to be able to destroy bitcoin singlehandedly; the power of bitcoin lies in its users and their belief in the system, for any single individual to shut that down all down, which would have to involve the security in the blockchain system, access to bitcoin, and usability of bitcoin, would take something beyond a miracle in my eyes. but then again, i've no doubt that even if all this were managed to be destroyed, there would be more than a handful of die hard believers that would keep it going, maybe even implement changes that would cause a revival of bitcoin or something.

I was just going to say the same thing, I don't think it is possible to destroy bitcoin because of the amount of users it has and the amount of investment involved.

the amount of money in the system doesn't really change things; sure, it might influence people to act in order to protect their holdings, but maybe it might cause them to panic dump in order to salvage what the can. that aside, there is no such thing as 'too big to fail,' if anything, the more money put into the system, the bigger the bubble if the system does balloon to that extent without adequate backing.

[Tumanggor]

i think , only the man who can shut down internet can make Bitcoin die , whether he is an anonymous or a very nasty hacker, hopefully it never happened ..

[Bagrras]

Governments or any strong crypto