Bitcoin Forum
May 08, 2024, 05:40:40 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 [37] 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 »
  Print  
Author Topic: Who can destroy Bitcoin ?  (Read 21672 times)
Mr.Anonymous
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
October 21, 2017, 05:03:37 PM
 #721

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.
No one can destroys Bitcoin, this is the decentralization network, so if someone wants to destroys this network, they need to kill all device use and create transaction, else, as my said can not destroy it. The government can not track the source, ip of Bitcoin user, so it is impossible.
1715190040
Hero Member
*
Offline Offline

Posts: 1715190040

View Profile Personal Message (Offline)

Ignore
1715190040
Reply with quote  #2

1715190040
Report to moderator
"You Asked For Change, We Gave You Coins" -- casascius
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715190040
Hero Member
*
Offline Offline

Posts: 1715190040

View Profile Personal Message (Offline)

Ignore
1715190040
Reply with quote  #2

1715190040
Report to moderator
Akash55
Member
**
Offline Offline

Activity: 222
Merit: 10


View Profile
October 21, 2017, 05:06:19 PM
 #722

Present in the world as bitcoin the no.1 and most of currency. So I think that none of bitcoin destroyed will be able to do.
smauni
Copper Member
Full Member
***
Offline Offline

Activity: 484
Merit: 110



View Profile
October 21, 2017, 05:19:30 PM
 #723

I don't think anybody or anything can destroy bitcoin at present time. Without One thing. That's shutting down of Internet.  Grin I don't think it's possible.
Skieleton
Sr. Member
****
Offline Offline

Activity: 686
Merit: 282



View Profile
October 21, 2017, 06:36:48 PM
 #724

I don't think anybody or anything can destroy bitcoin at present time. Without One thing. That's shutting down of Internet.  Grin I don't think it's possible.

However, China is working to cut off access to the BTC. All you have to do is set the appropriate limits.
Theb
Hero Member
*****
Offline Offline

Activity: 1680
Merit: 655


View Profile
October 21, 2017, 06:42:57 PM
 #725

From all the possible scenarios only one is believable and it is all of the government of each country decides Bitcoin as a global threat and decide to ban it worldwide where they have the power to do so within the reach of the internet from banning all wallets to blocking ip addresses it is all possible to be done by the government. But it all depends if people in the future will really abuse the anonymity of Bitcoin that it can affect the economy of a country or the prominent use of Bitcoin to enriching criminals.

..bustadice..         ▄▄████████████▄▄
     ▄▄████████▀▀▀▀████████▄▄
   ▄███████████    ███████████▄
  █████    ████▄▄▄▄████    █████
 ██████    ████████▀▀██    ██████
██████████████████   █████████████
█████████████████▌  ▐█████████████
███    ██████████   ███████    ███
███    ████████▀   ▐███████    ███
██████████████      ██████████████
██████████████      ██████████████
 ██████████████▄▄▄▄██████████████
  ▀████████████████████████████▀
                     ▄▄███████▄▄
                  ▄███████████████▄
   ███████████  ▄████▀▀       ▀▀████▄
               ████▀      ██     ▀████
 ███████████  ████        ██       ████
             ████         ██        ████
███████████  ████     ▄▄▄▄██        ████
             ████     ▀▀▀▀▀▀        ████
 ███████████  ████                 ████
               ████▄             ▄████
   ███████████  ▀████▄▄       ▄▄████▀
                  ▀███████████████▀
                     ▀▀███████▀▀
           ▄██▄
           ████
            ██
            ▀▀
 ▄██████████████████████▄
██████▀▀██████████▀▀██████
█████    ████████    █████
█████▄  ▄████████▄  ▄█████
██████████████████████████
██████████████████████████
    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
       ████████████
......Play......
JamesBolivar
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile
October 22, 2017, 04:11:40 PM
 #726

From all the possible scenarios only one is believable and it is all of the government of each country decides Bitcoin as a global threat and decide to ban it worldwide where they have the power to do so within the reach of the internet from banning all wallets to blocking ip addresses it is all possible to be done by the government. But it all depends if people in the future will really abuse the anonymity of Bitcoin that it can affect the economy of a country or the prominent use of Bitcoin to enriching criminals.
All governments deciding to go against Bitcoin is very very unlikely. And even if, it would be very hard for them to do this. The only way I can imagine is if they would manipulate people into hating or distrusting Bitcoin, since it's not really possible to stop the Blockchain everywhere.
btcboss71
Member
**
Offline Offline

Activity: 76
Merit: 10

HIBEGYB MTO-sale Aug 9-50 || GTRUJDSAGR Aug 61


View Profile WWW
October 22, 2017, 10:55:49 PM
 #727

Bitcoin is a cryptocurrency. It works in online. As it is a online coin, hackers can attack this system. If there are some security problem of this system, the hackers can attack the system. Now a days the hackers can do any harm if the security is weak. They can destroy the whole system also. Bitcoin can also be harmed by the banks. They can pressure the authority to shut the system down as they are in loss for bitcoin.

Brickblock.ioTHE FUTURE OF STOCK TRADING ON THE BLOCKCHAINBrickblock.io
REAL ESTATE FUNDS EXCHANGE TRADED FUNDS CRYPTO TRADED FUNDS
TelegramFacebook ❰ Crowd Sale starts 31st of October ❱ TwitterMedium
asebaby
Full Member
***
Offline Offline

Activity: 140
Merit: 100



View Profile
October 23, 2017, 10:08:24 AM
 #728

If no one mines bitcoins anymore, nobody can exchange them. Miners basically get a commission because they use their processing power to process transactions between bitcoin wallets. So if no one is mining anymore, which is unlikely for now, you will actually destroy the currency. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.
Matimtim
Full Member
***
Offline Offline

Activity: 868
Merit: 108



View Profile
October 23, 2017, 10:28:00 AM
 #729

I'm sure, nothing can destroy bitcoin.One thing is bitcoin is the most powerful cryptocurrency ar9und the world.

Many people this day become bitcoiner and spend their time in bitcoin and most of them became rich instantly, so many people now a days trust their future in bitcoin. So there is no such thing can destroy and stop bitcoin.

blocklancer8
Full Member
***
Offline Offline

Activity: 392
Merit: 101



View Profile WWW
October 23, 2017, 10:35:12 AM
 #730

Bitcoin can not be destroyed, as many people are put on by bitcoin. Only one way can destroy bitcoin if the internet network in this world no longer exists (this is very impossible).

                  kaasy.ai        Artificial Intelligence Algorithms on Blockchain                                               Knowledge As A Service +
                        Public ICO is live!        BUY KAAS TOKEN NOW                                         Distributed Infrastructure As A Service
Whitepaper     Telegram     2-Pages Paper     Twitter     Facebook     Discord     BTC ANN          = Plug-and-play skills, on demand
The_prodigy
Hero Member
*****
Offline Offline

Activity: 924
Merit: 500


View Profile
October 23, 2017, 10:36:15 AM
 #731

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

A shutdown of all things electronic. COuntries shying away and sheddig bitcoin i to a bad light investors or buyers of bitcoin that dont know how to properly trade. And last but kot the least in which I think something that can destroy bitcoin is the hackers.
tengek37
Full Member
***
Offline Offline

Activity: 322
Merit: 100


View Profile
October 23, 2017, 10:46:28 AM
 #732

It is the behavior of the market itself, because it is the market behavior that naturally affects the bitcoin price movement itself, but I think bitcoin will not be devastated or has no selling value because bitcoin has halving day that will continue periodically, so the bitcoin amount will be controlled normal.
stefy77
Full Member
***
Offline Offline

Activity: 658
Merit: 105


View Profile
October 23, 2017, 11:01:50 AM
 #733

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.

if all governments were to block it, all the exchanges would be blocked, all banks making cash transfers to exchange, bitcoin outlawing and making a sanatoria with the aim of stealing bitcoin holders, with secret services persecuting bitcoins, etc... If they really wanted to, they could do it: but they are corrupt men and so they will almost never do it. But in theory they could.
neo444
Full Member
***
Offline Offline

Activity: 434
Merit: 102



View Profile
October 23, 2017, 11:07:44 AM
 #734

For me in this time nothing can  destroy bitcoin but in the market he exist another cryptocurrency still grown up more and more every day
K.Bravo
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
October 23, 2017, 11:37:41 AM
 #735

The special services. They can declare that bitcoin is used in financing terrorist organizations.
fishbonez11
Full Member
***
Offline Offline

Activity: 322
Merit: 116


View Profile
October 24, 2017, 03:56:10 AM
 #736

I guess that some things that can destroy or overcome bitcoin includes other altcurrency rising up, total disinterest of people or bitcoin being used massively for illegal acts wherein the government would declare it banned due to uncontrollable circumstances.
shadowdio
Sr. Member
****
Offline Offline

Activity: 1876
Merit: 289

Zawardo


View Profile
October 24, 2017, 05:31:30 AM
 #737

the only can destroy bitcoin are the governments they have ability to destroy the bitcoin if the governments want to ban bitcoin all over the world then the value of bitcoin will be 0.
leisha
Member
**
Offline Offline

Activity: 105
Merit: 100



View Profile
October 24, 2017, 05:45:00 AM
 #738

I think bitcoin will be destroyed when hackers hacked that technology and consumed all or almost all the amount of bitcoin. Also, when a great programmer create a better technology than bitcoin.

[ N O M I N E X ]     EXCHANGE     ◥      telegram     ► facebook     ► twitter
(❪   WIN 1000 USDT   ❫)        in        T R A D E R S   C O M P E T I T I O N
███ Create account ███ [ REF. CAMP. ] Nominex Binary Affiliate Program
Lasvista
Full Member
***
Offline Offline

Activity: 396
Merit: 104



View Profile
October 24, 2017, 06:11:05 AM
 #739

The Bitcoins may be the Government. We have seen its impact when announcing the Chinese government's stopping the ICOs and Exchanger. This resulted in a sudden fall estimated at $ 1,000 a few hours before it was said. So if the powerful countries have fallen and fight the bitcoins there is a great deal of disruption.
swordling143
Full Member
***
Offline Offline

Activity: 360
Merit: 100


View Profile
October 24, 2017, 06:38:44 AM
 #740

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


I think us too. I mean it is the same as cash, we give value to cash because we believe that it has value, well it's just a piece of paper. Now, the same principle applies in bitcoin, if we don't give value to it, it will become worthless too.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 [37] 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!