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Author Topic: Who can destroy Bitcoin ?  (Read 21674 times)
Pumapipa
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October 09, 2017, 12:50:40 AM
 #461

successful cryptanalitic attack on private keys, excessive mining monopoly, global internet shutdown (possibly), massive loss of interest.
How can private keys be attacked? Is this through an infection of a malware or spyware? I am a bit confused on this part because I am 100% on the security feature of bitcoin.

A total disagree on the massive loss of interest. Bitcoin is a booming trend all over the world. I guess we don't see loss of interest happening in a few years time though.
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October 09, 2017, 01:11:11 AM
 #462

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
No people can destroy bitcoin but if worldwar3 comes i think that is the one possibility the the bitcoin will end or if a lot of country ban bitcoin so i think bitcoin have a limit in life becuase no one have will have a forever.
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October 09, 2017, 01:23:07 AM
 #463

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
which can destroy is the user itself because we know that bitcoin is decentralized. if the user has no confidence in the auto bitcoin the demand will decrease and the price of the bitcoin will fall. issues that have a negative impact on bitcoin can also destroy such examples as china prohibits ICO and bitcoin exchanges it causes a decrease in the bitcoin price even though it could return because the users who still believe in bitcoin.

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October 09, 2017, 02:54:16 PM
 #464

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I do not think anyone can destroy bitcoin.Because it is safe and well developed currency.When most of people sell it, the price will drop,  when most of people buy it,  the price will go up.I think bitcoin will survive much more.
Nobody can destroy it because if it was possible, the enemies would have already done it. Bitcoin is grabbing fame across the world now and with every day, it is becoming more difficult to stop this currency. When bitcoin is on the road, its haters must move out. With this much huge community and big investors, it is impossible to block bitcoin from the whole internet.
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October 09, 2017, 03:03:47 PM
 #465

Bitcoins have many reasons to be zero value but it's hard to do. Just like shutting down the internet but it's less likely to happen. Similarly the loss of investors, but its vague happen because it is considered a currency in digital form. There are many others like banned by all countries here as well as many people will be selling bitcoins. And this will cause the fall and eventually zero value
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October 09, 2017, 03:17:21 PM
 #466

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
I’m 100% agreed with you, and I think doge also a very good compatible coin.
Bitcoins the first and last choice because of its huge profit giving conventions, ETH and DOGE is new not much people know about it, and there is no chance that these will kill bitcoin, everyone will go for the already set thing that is bitcoin and it gives you more benefits as compared to any other choice and ETH and doge are like kids of bitcoin.
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October 09, 2017, 03:49:05 PM
 #467

Why would you think that bitcoin could be destroyed? It is on the internet and the internet could destroy it. If you are curious when will the bitcoin will be dead? Well, no one knows because everything could be destroyed if it's meant to be. I mean, in the process it could be destroyed or killed but it will took a lot of time before they can do it. Example of that is: If the internet will gone(maybe), successfully stole(hacked) private keys, mining monopoly(i don't think this will  work now, since the bitcoin left to be mined is just too low). There's a lot of factor on how they would destroy bitcoin but just like i said it will only takes a lot time and effort to bring it down, since the people are always hyping the price of it.

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October 09, 2017, 03:52:27 PM
 #468

I think the only thing that can really destroy bitcoin is the community and interest, if we all lost interest and migrated over to a new coin that had everything that bitcoin has and more then that would surely hurt it, thinking about it I don't think it is possible to destroy bitcoin as such but it can definitely be hurt.
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October 09, 2017, 03:54:01 PM
 #469

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I think only the banks and the government can eradicate Bitcoin at the present time because it has lost too much of their profits and it has made the crime rate and illegal activities increasingly high. . In addition, they do not expect a kind of money to grow and lose cash, which they can create and make a profit. Even so, they still can not kill Bitcoin at the moment

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October 09, 2017, 04:05:14 PM
 #470

Bitcoin can't be stopped. Even if few countries decide to ban it, there will be always some countries that will keep Bitcoin legal because it's money for them. There is a low possibility of 51% attack but someone would have to spend a lot of money to do it. it wouldn't be as profitable as investing directly in Bitcoin or GPU/ASIC mining farm.
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October 09, 2017, 04:15:37 PM
 #471

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin is a worldwide cryptocurrency which works without a central repository or single administrator. As a my opinion I don't think so it can be happened. No one can destroy Bitcoin.
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October 09, 2017, 11:48:08 PM
 #472

Bitcoin is decentralized and no one control that mean nobody can destroy bitcoin , only when the government forbids it, it is only the government that can destroy bitcoin .
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October 10, 2017, 12:27:21 AM
 #473

I dare to bet with you is no one can destroy BitCoin, Can not
BitCoin will last forever and go with the development of humanity
Governments can destroy it, if they unite against it
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October 10, 2017, 12:34:27 AM
 #474

The only thing that can destroy bitcoin is when the users decided to quit using it. An individual isn't enough to take down bitcoin even a country like china didn't manage to stop bitcoin by banning ICO's and a large group of traders sold their bitcoins also failed bringing down bitcoin. Dont underestimate bitcoin it manage to surpass all those trials in the past years now nothing can bring it down unless some major catastrophe occur or a disaster that shutdowns the internet.

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October 10, 2017, 01:03:45 AM
 #475

Hmm very entertained question, well I hope there are nothing bad stuff like that who can destroy bitcoin, but even if those are happens, I think there will be some community or forum or something like that whose talk about the solution to fix all those problem and we as bitcoiners also have to participate. So it's just like together we are strong. But actually I believe that good people are too many than bad people.
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October 10, 2017, 01:27:11 AM
 #476

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I think the main reason that can destroy bitcoin is when all country ban bitcoin and many people don't use this and if many investor quit to invest in bitcoin i think the value of bitcoin become zero again and it might cause a destruction.
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October 10, 2017, 07:29:42 AM
 #477

What can destroy bitcoin is the user and bitcoin itself. If a user is compact to destroy bitcoin then bitcoin users will destroy bitcoin, but that is unlikely to happen. Bitcoin itself can be a bitcoin crusher for some reason like poor management, it could happen. And also if there is an intention to destroy, but it can not happen.


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October 10, 2017, 08:14:31 AM
 #478

The future of Bitcoin directly depends upon its demand.If the demand for Bitcoin is decreased, it will automatically destroy Bitcoin. One of the ways by which its demand can be decreased is if some other cryptocurrency replaces it.People will start using new cryptocurrency for their transactions and investments which will automatically decrease its demand.The other way can be if the government bans Bitcoin transactions and declare it as an illegal currency.The price of Bitcoin is directly proportional to its demand.So if demand will decrease ,price will also decrease which will destroy Bitcoin.
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October 10, 2017, 09:56:43 AM
 #479

Bitcoin is invulnerable in terms of it is a online cryptocurrency that means its untouchable. but if you mean that who can stop bitcoin there is a answer for that. only the government can stop and banned bitcoin for life or replace bitcoin to their own created cryptocurrency. if this things happen the value of bitcoin will become zero no one use bitcoin if the demand will become lower and the value become lower too.
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October 10, 2017, 10:34:37 AM
 #480

so far there is nothing developed which has capacity to destroy bitcoins as btc is being developed by someone with lot of coding and it runs on math and it aint that easy to develop something which has the capacity to beat bitcoins . May be in future something might come up but its gonna take quite a long time for it to be developed which can beat something like bitcoin

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