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Author Topic: Who can destroy Bitcoin ?  (Read 21671 times)
kryptopath
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October 17, 2017, 09:50:55 PM
 #601

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

1. Too many die-hards
2. It would have to be so cataclysmic that all backups everywhere on earth got destroyed as well.
3. ^ all at the same time? I don't think so.

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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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October 17, 2017, 10:25:38 PM
 #602

Hello guys
to the question who can destroy the Bitcoin I say that it can only do Bitcoin ... Huh. how do not turn the royal economy so become indispensable as a paper coin until it does not buy a pizza cigarettes go to the cinema make gas to book a room I'm leaving with my girlfriend and so many other beautiful things in life paying bitcoin. With the risk that it's just a good source of x investing and
 strong gains and all the things handled on the stock market are scary to ordinary people. Personally, I hope that you can understand the wisdom of this new system as soon as possible and that it will be used by more people than it becomes a normal thing of common use and that nobody can destroy the Bitcoin Wink

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Wagako
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October 17, 2017, 10:31:24 PM
 #603

no one or nobody can destroy bitcoin. bitcoin still in strong crypto currency cap.
Yes no one as long as bitcoin will really secured. Bitcoin can help a lot of people so i dont think so that it eill destroy by anyone else. It can only destroy if people will not use it anymore.

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October 17, 2017, 10:54:56 PM
 #604

bitcoin will be destroyed if there is no internet, bitcoin can not be used in case of nuclear war or world war 3 to happen, in my opinion that can destroy bitcoin. if that does not happen then bitcoin will still exist and still used by the world community
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October 17, 2017, 10:57:14 PM
 #605

There are powerful and very wealthy people, companies and even states that have Bitcoin, they never allow to disappear because they have big Bitcoin investments, they do not do to harm their Bitcoin investments. Small investors like us do not have much money in the Bitcoin market. As people become more familiar with Bitcoin, their investment will increase, Bitcoin is at the beginning of the journey.
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October 17, 2017, 11:05:19 PM
 #606

I'll compare the status of bitcoin to our environment and natural resources. Before our environment is rich, clean and green but we know what happened to it. The destruction of environment is happening a little by little and who are the ones that are suspect of that destruction? We are. And bitcoin can be destroyed by us but a small bitcoin personality like me or others like you here will not represent a big impact but possibly a whale or financing personality.

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October 17, 2017, 11:08:43 PM
 #607

1. end of electricity 2. fundamentally new technologies 3. alternative crypto currency 4. damage to bitcoin. 5. principle of mining 50% + 1 6. people 7. aliens)

I think there are very little chance fo such thing to destroy bitcoin. we cannot think about life without  light, scientist are now finding more cheep ways of getting electricity. I think blochchain itself is a very new technology and is still improving more and more, bitcoin is the fundamental and mother of all crypto currencies and therefore there are very little chances that any other crypto currency will  overcome bitcoin, even if all the bitcoin will mind bitcoin will still survive with more high price in the market, people will then only able to trade satoshi,

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October 18, 2017, 03:37:51 AM
 #608

The best example is the movie "Nerve - 2016"; If a production has a decentralized server, no one-body can stop it's operations. The movie tells us that before they were able to stop the "nerve", all the users must stop using it... not even a single one should be operating.
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October 18, 2017, 04:12:07 AM
 #609

I think nobody can destroy bitcoin because the people who protect this is so inteligent they know everything about this.
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October 18, 2017, 04:24:52 AM
 #610

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
there's no one can destroy the bitcoin. we know that the china has a big contribution in the bitcoin world. the economic of china banned the bitcoin because they afraid that their money country will to be frightened by the bitcoin. and because of the china is has a big affection the value of bitcoin was going down but never it destroy except if all country unite to destroy the bitcoin and create new.
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October 18, 2017, 04:51:52 AM
 #611

government, ie How to destroy bitcoin is hash strength of more than 50% total hash network strength (51% attack).
If someone has this hash power, then he can:
- Double spend / pay 2x with the same BTC, it's good to have only 1 BTC but can transaction eg 5x each 1 BTC, so it might cause mass clutter.
- chances are he can increase the difficulty quickly, so others become lazy bitcoin mining
why the government? because to do so we need a lot of capital for very expensive hardware
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October 18, 2017, 04:54:37 AM
 #612

when no one uses bitcoin, or when all governments say bitcoin is something illegal, maybe bitcoin will die slowly. but, there will always be a way of using bitcoin, and currently, there is no possibility for it.


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October 18, 2017, 05:00:34 AM
 #613

when no one uses bitcoin, or when all governments say bitcoin is something illegal, maybe bitcoin will die slowly. but, there will always be a way of using bitcoin, and currently, there is no possibility for it.
Perhaps the most terrible thing is when no bitcoin is used at all and when bitcoin is not trusted. I think that will be the determination later when the bitcoin has stopped its supply. Bitcoin will be restrained and it's time to see how the world's markets respond.
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October 18, 2017, 05:06:50 AM
 #614

No one can destroy bitcoin as long as it is being used by a lot of people. All we need to do is to support cryptocurrency and I know that this will last for a long time. What I think of is IF only IF something or someone will destroy bitcoin that would be our government, I am not an anti-government but what I think is if bitcoin will be handled by the government, there would be corruption that will happen.
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October 18, 2017, 05:08:26 AM
 #615

no i do not think so that can any one destroy it yeah there may be chances that because of shutdown of internet and any sort of world war like such misfortune can happened otherwise there is no such power who can destroy it or someone can harm it.
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October 18, 2017, 05:10:07 AM
 #616

Those people said no one can destroy bitcoin, its funny.  because when titanic ware made people called id unsinkable. Than what?

If all of country will agree in remove bitcoin.
what will happen?
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October 18, 2017, 05:11:16 AM
 #617

china can a have great impact on bitcoin,it has great mining farms and these farms contribute alot and if a ban is applied on them then it will definitely affect bitcoin as most of trading is also done from there,secondly any virus or bug can corrupt the system.,or if there is ban on website by governments around the world it can affect bitcoin.

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October 18, 2017, 09:35:17 AM
 #618

Thanks for the question. I've learned something from all of the thread. Will continue to read it.
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October 18, 2017, 09:39:39 AM
 #619

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
The most powerful to destroy Bitcoin is the Government of a country. If we look at when China bans ICO and Bitcoin instantly bitcoin price is dropped. And what if some countries unite their opinion to jointly prohibit Bitcoin what will happen?

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Bastime
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October 18, 2017, 09:47:17 AM
 #620

In terms of technicalities, shutting down the internet will destroy Bitcoin and all digital currencies out there.
But in terms of economy, it is impossible to destroy Bitcoin that's why there are so many alt coins keep on existing these days because blockchain technology is one of the best innovation.





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