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Author Topic: Who can destroy Bitcoin ?  (Read 21670 times)
_Legendary_
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September 25, 2017, 08:31:59 AM
 #221

Bitcoin is a virtual money and uses Technologies and Interne so no one can Destroy Bitcoin.
Only the government can banned the Bitcoin in many countries.
Banned will not make bitcoin destroy, I think that can make bitcoin destroy is user because if there is no user then bitcoin will be abandoned and destroy automatically.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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ir.yance
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September 25, 2017, 09:05:05 AM
 #222

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

I do not know who could destroy the bitcoin, maybe the devastating person is the one who has nothing to do
coinzoid
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September 25, 2017, 09:11:02 AM
 #223

I think World War 3 can destroy Bitcoin. This would cause some trouble with internet access, computers, electricity and people would be panicked to sell and get out of it.
mustakforum
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September 25, 2017, 09:30:53 AM
 #224

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
in my opinion this will not happen.
ocid
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September 25, 2017, 09:31:36 AM
 #225

I think World War 3 can destroy Bitcoin. This would cause some trouble with internet access, computers, electricity and people would be panicked to sell and get out of it.
yes I agree with you, it can make sense, the occurrence of world war 3 which causes the destruction of bitcoin so that it can affect internet connection. As we know today, bitcoin continues to grow. If not from war, bitcoin will not be destroyed forever. because one of the main factors of bitcoin is the internet network.
happyme1818
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September 25, 2017, 09:33:34 AM
 #226

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
The only way to destroy bitcoin is to disable Internet connection around the globe. No transaction means no business.
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September 25, 2017, 09:34:32 AM
 #227

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
there are some ways to destroy bitcoin's value to nothing.

1.Cryptocurrency's community panic
2.Satoshi him/her self and sell his millions of Bitcoins.
3.no miners.
Isaac 777
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September 25, 2017, 09:59:56 AM
 #228

for me this 3 will destroy bitcoin easy


- WAR III

- bitcoin hacked

- internet drooped
Bitcoincole
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September 25, 2017, 10:21:07 AM
 #229

for me this 3 will destroy bitcoin easy


- WAR III

- bitcoin hacked

- internet drooped

I think we are one or we are people who generates the bitcoin so probably we are the one also, destroy the bitcoin legacy. Or is anythings can happened that can destroy bitcoin, when some of the country's are in trouble or cold war its basically destroyed all  cryptocurrencies.
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September 25, 2017, 10:25:03 AM
 #230

None of the factors except "WE, the people" could destroy bitcoins because we made it, so we can break it.
Once people's interest gets out of it, then no one can stop the destruction and it can be worst but that's never going to happen, never so soon.
Bitcoin was tried to be distracted towards a dump by China but without a hard dive, it holds the current price very well and can even break the 5k mark once again, maybe after November.

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Michael-crypto
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September 25, 2017, 12:57:39 PM
 #231

Bitcoin and other cryptos are the money of internet.

So I think the biggest cryptos will remain as long as internet is functional.
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September 25, 2017, 01:19:25 PM
 #232

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I agree with your opinion that bitcoin grows very strong and very tight for use in business and bitcoin selau is beneficial for many people and bitcoin does not contain fraud elements.
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September 25, 2017, 01:57:35 PM
 #233

Trust is the number one enemy of bitcoin i think because if there is no people's trust the value of bitcoin is still zero or maybe too bitcoin became popular because of trust that people put into it and now it became the number cryptocurrency, also the government can destroy bitcoin not completely but they can destroy it by making it illegal in their country.
Charot12345
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September 25, 2017, 02:06:46 PM
 #234

I think no one can destroy bitcoin now because it’s popularity is still growing. Or maybe it will be destroyed if there’s a world war and the internet connection is loss all around the world. And also it can be affected if the government take an action that is to contradict bitcoin in any country.

Dexion
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September 25, 2017, 02:07:03 PM
 #235

I think that can destroy bitcoin is a person who participates to bitcoin itself ,, just as bitcoin will be destroyed if bitcoin users use it to do evil, then the world will see that bitcoin is bad in the eyes of the world, then also the mining beyond the boundary can lower the value of bitcoin currency ,,
and there are many other things that can destroy bitcoin ,,
and hopefully we do not include people who damage bitcoin ,,

Jating
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September 25, 2017, 02:13:14 PM
 #236

As long as there are investors, traders and miners then bitcoin can exist and no one can destroy it. Not even China, because bitcoin has already captured popularity globally, its much more harder to destroy. Banning is different though, a certain country can temporary affect the ecosystem like China did, but it doesn't mean that they can destroy bitcoin. Look at how bitcoin recover from all the attacks recently, specially Jamie Dimon. So as long as we are here and put our trust on the system, but it can survived up to the last mine bitcoin. So personally, I have no doubt that no one can destroy it.
djsugar
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September 25, 2017, 03:51:50 PM
 #237

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin doesn't has any intrinsic value and is backed by nothing. Price is rising just because of demand. Once the demand decline, price will decline too. Now question arises what can decline the demand? Any new form of monetary system or government ban in various countries can do that easily. So, future is uncertain. Anything can happen anytime.
Billie2017
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September 25, 2017, 04:15:05 PM
 #238

to me, i guess it's far to happen right now because its popularity still growing,
but however there is also a chance, because it's up to the government authorities if they contradict to this bitcoin. 
Gumpfire
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September 25, 2017, 04:19:55 PM
 #239

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
In my opinion, bitcoin can destroy by people who has a power like tge governments because they are the one's who makes the rules or laws for us to follow and for our safety. But removing or destroying bitcoin is very awful because many people will lose a lot of earnings from their investment and etc.
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September 25, 2017, 04:23:16 PM
 #240

for now it may be the only government that can destroy Bitcoin, because those who have the authority to lock or narrow the spread of bitcoin



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