Alexnelepa92
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October 20, 2017, 07:41:49 PM |
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Except that the creators =) and not really to put it , one version of a global Power outage and all=)
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Timoteus
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October 20, 2017, 07:44:42 PM |
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Quantum computers can to destroy BTC
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stefy77
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October 20, 2017, 07:45:49 PM |
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Only if all governments are forced to ban all bitcoin together they can defeat it. Otherwise they will not have any chance, bitcoin will dominate.
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adzino
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Merit: 574
www.Crypto.Games: Multiple coins, multiple games
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October 20, 2017, 10:33:49 PM |
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Yeah. It could be the FUD that could destroy it if we will all believe in it.
Not literally destroyed because that can happen but losing its value until it goes to zero is also like destroying it.
And who else can do that except the ones who believes in it, buyers and the users who keeps on supporting it and have faith in bitcoin.
FUDs won't be destroying bitcoin. It will just be causing some swing in the price of the currency. The fluctuation will be temporary and price recovers soon enough. Recovery stage is fast because after few hours of price drops, new investors sees it as an opportunity to invest on bitcoin when the price is low, which in return caused the price to go backup and stabilize. |
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iqrasalsabila
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October 21, 2017, 03:36:20 AM |
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Bitcoin can be restroyed depending on the causes of what is diminishing bitcoin enthusiasts that can cause bitcoin prices are getting down.
Morever, the uccurrance of world wars, because the war has potential to cause many things, one of which the economy crisis that impacts the sale price of bitcoin.
Bitcoin destruction can also occur in small scope.
For example f a country prohibits hardly using bitcoin in any form that can make bitcoin no value again.
But that only applies to countries that implement the rule.
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farhansadik
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October 21, 2017, 06:38:56 AM |
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Bit coin is a crypto currency so the only way to destroy or make the value zero is complete shutdown of internet around the world. And I my opinion it is not possible. Another issue in this topic which can be discussed is some government are concern about the activity of bitcoin like china in few days ago, it had a great impact on the value of it, the price went down. But now it become more valuable than ever. Every currency price goes up-and down so does crypto currency. But it can not be zero.
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sirslayer
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October 21, 2017, 10:56:05 AM |
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I do not think anyone can destroy bitcoin as long as bitcoin can be traded and accepted as a medium of payment for trade transactions
Yes you are right no one can destroyed bitcoin because everyone they are going to support bitcoin either they are countries or people around the world because bitcoin is going to help he people around the world it has already changed a life of thousands of people and day by day its users are going to increase just because of his good services. |
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Alok Yadav
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October 21, 2017, 11:08:12 AM |
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Some computer scientists say quantum computers are moving closer to reality and will cripple bitcoin’s encryption systems and doom bitcoin. Governments are investing aggressively in quantum computers, which are ultra powerful.
Quantum computers, first theorized by physicist Richard Feynman in 1982, have promised a new era of computing. The theory has only recently translated into significant real-world advances, with NASA, the CIA and Google working on a quantum computer. Computer scientists now warn the machines will cripple existing encryption methods and destroy bitcoin’s technological foundations.
Andersen Cheng, co-founder of Post Quantum, a U.K. cybersecurity firm, said that bitcoin will end the day the first quantum computer arrives. He said the quantum computer will undermine the cryptography surrounding bitcoin’s public and private keys.
Bitcoin recipients share their public key with the sender. To spend bitcoin, a bitcoin owner must use their private key. If another party learns the private key, that party can spend all the bitcoin.
Martin Tomlinson, a professor at the Security, Communications and Networking Research Centre in Plymouth University, said a quantum computer can calculate the private key from the public one in a minute or two. By learning all the private keys, someone would have access to all available bitcoin.
Tomlinson did not know when the first quantum computer will appear that will have this capability, but he noted that extensive research is under way. The European Commission announced a $1.1 billion project earlier this year aimed at bringing a “quantum revolution.”
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Sketztrophonic
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October 21, 2017, 12:41:50 PM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Total internet shutdown in the whole word And a god hacker that can crack private keys and can scan unique addresses. but when we're talking about total internet shutdown that is impossible because the main root to connect people in this world is by internet nowadays. And for hacker that can crack private. I know there is some hacker that can do it. But they don't do it because as I think bitcoin also benefits them. |
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websoftwareengineer
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Activity: 364
Merit: 100
Blockchain with VTOS energy
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October 21, 2017, 01:01:09 PM |
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Only if all governments are forced to ban all bitcoin together they can defeat it. Otherwise they will not have any chance, bitcoin will dominate.
It was really not possible to disable all the bitcoins circulation because a lot of company will fall down and they will all complain, There is a lot of investor who spend to much in this bitcoin industry and that is the reason why they cannot remove bitcoin so easily because everyone will be affected. |
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Thanasis
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October 21, 2017, 01:10:31 PM |
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Only if all governments are forced to ban all bitcoin together they can defeat it. Otherwise they will not have any chance, bitcoin will dominate.
It was really not possible to disable all the bitcoins circulation because a lot of company will fall down and they will all complain, There is a lot of investor who spend to much in this bitcoin industry and that is the reason why they cannot remove bitcoin so easily because everyone will be affected. Even all government ban the bitcoin they can't do anything about it,because bitcoin doesn't depend on any government.There is only on way to stop bitcoin is shutting down the internet worldwide if that happens the whole world will be choked no one can do their work.Even all governmet work needs internet so it won't happen.The bitcoin will survive untill people using it. |
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lucy1215
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Merit: 100
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October 21, 2017, 01:32:00 PM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Indeed bitcoin is very powerful now with the current value i think the factors could affect or destroy its market value to zero are when investors disregard and do not include bitcoin anymore in their investment schedules and when investors start to dump bitcoins like a massive dump together with other investors and never re invest again. I can see also that if a coin could overpower or take place of the bitcoin that can be also a factor. |
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Pakar11220
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October 21, 2017, 01:35:36 PM |
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I think no one can destroy bitcoins,but there are some of the people due to which people cant believe on bitcoins,such as hackers,stealers and many more who work for people on project but they cannot pay for them,so people cant take interest and leave bitcoin.
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Hypnosis00
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October 21, 2017, 02:53:55 PM |
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I don't think that there is someone that can destroy bitcoin because if bitcoin can be destroyed then the price of bitcoin will not reach to what price does bitcoin have right now. So for me, the bitcoin cannot be destroyed by anyone and bitcoin will stay what it is and it will not have any threat for being destroyed.
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thesmallgod
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October 21, 2017, 03:01:15 PM |
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Nobody can destroy bitcoin not even government. the government can just regulate or at worst ban bitcoin but as long as there is internet bitcoin will still exist. that is shutting down bitcoin means shutting down the internet. i can see some people saying when people stop using bitcoin then the bitcoin will be destroy. for me i dont think it is possible for people to loss interest in bitcoin even if bitcoin fall to 100 USD per BTC today people will still not loss interest in bitcoin. bitcoin is here to stay
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Mazda17
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October 21, 2017, 03:45:26 PM |
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The only people who can actually destroy Bitcoin are the users. Its like asking who can destroy the internet. If more people and more people adopt Bitcoin, great, it will be awesome and big. If no one adopts it, it doesn't exist.
One thing to mention here is if Bitcoin is ever able to be hacked by super computers, that could destroy it too..
Good opinion and I like your opinion. Actually, bitcoin can not be destroyed unless its users or owners of bitcoin because the only person who can really destroy Bitcoin is its users and also the person is a hacker. |
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PhucS
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October 21, 2017, 04:03:32 PM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Several factors can destroy the existence and development of Bitcoin. The first is the internet, Bitcoin is based on encryption, blockchain blocks, so it needs internet, if the internet is turned off worldwide, Bitcoin will no longer work and if it lasts long time, it will be the same Bitcoin is destroyed. Second, governments, If all countries have banned Bitcoin in their country, Bitcoin will soon be degrading.However, I think that these things are very difficult to happen, the internet is still working well and governments are becoming increasingly positive about Bitcoin. Bitcoin will continue to grow in the future. |
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Ta.Form
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StableDex | Decentralized, Secure & Cost Effective
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October 21, 2017, 04:08:34 PM |
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I do not know what can destroy bitcoin, because at this time, bitcoin growth is very good, for now only, but not yet entering the new year 2018, bitcoin selling rate has exceeded that we expect. therefore, in my opinion, as long as there are still using bitcoin, bitcoin will remain as a digital currency
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lazer1064
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October 21, 2017, 04:21:18 PM |
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Quantum computers are interesting. But there are ways much easier. This is a gradual strangulation of bitcoin. The ban on the input and withdrawal of funds through ordinary banks - and bitcoin will gradually become of little interest to anyone. The USA can easily arrange this. The USA was able to press on all the major offshore companies in the world, forcing information about the owners. If they were able to do this, then it is easy to prohibit the input and especially the withdrawal of funds.
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Md Saad
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October 21, 2017, 04:49:36 PM |
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So far so good.
Bitcoin is fully protected platform so that it can't be destroyed by anything. but one thing you have to consider that since the technology is the major element for Bitcoin so that technology would be a great threat for Bitcoin in the future. that is why only technology can destroy Bitcoin. but so far I can assume that Bitcoin has been invented with a full of protection.
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