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Author Topic: Who can destroy Bitcoin ?  (Read 21674 times)
Ivan16
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October 24, 2017, 01:10:55 PM
 #761

Bitcoin is safe,only goverments if ban bitcoin,but hackers or something other cannot destroy bitcoin you see he is created before long time ago and he survived and today he is stronger than even befor.
lazaruseffect11
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October 24, 2017, 01:12:44 PM
 #762

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
For me, i have a prediction that in the future there will be new cryptocurrencies that will rise that are better than bitcoin. If there will be new cryptocurrencies, people will tend to use that new crypto because its the recent and more developed and as a result, the price of bitcoin will be worthless.
AverageGlabella
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October 24, 2017, 01:21:18 PM
 #763

No one. Its why satoshi made it like it is. It's unstoppable no government can take it down.
Jaydeepjani
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October 24, 2017, 05:22:51 PM
 #764

As I think Bitcoin cannot be destroyed it has most of the power to compete with today's currencies . Bitcoin is too strong and cannot be destroyed . What do you think ?
sunsilk
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October 24, 2017, 05:28:40 PM
 #765

The government, the society, the community or the people that can destroy bitcoin. There's no way for a computer to destroy bitcoin, I think also there's really no way for bitcoin to be destroyed now.

The codes are open source and anyone can modify it but bitcoin is running already as a digital currency just like fiat money that they can change the design of the paper or logo's on it.

But it's value will never change.

ElizaZX
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October 24, 2017, 05:36:29 PM
 #766

stop trading them. If you do not buy anything for btc, then demand will fall on it, and then, nothing else will be sold for it. No demand, no btc
Usui-Kun
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October 24, 2017, 06:12:17 PM
 #767

Restriction of internet connection is the number one way of eradicating bitcoin in this world, centralizing transactions could be the second one.

hurain
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October 24, 2017, 11:53:51 PM
Last edit: October 25, 2017, 12:48:39 AM by hurain
 #768

Restriction of internet connection is the number one way of eradicating bitcoin in this world, centralizing transactions could be the second one.
Yes that can be but i do not think that it will ever happen, because we cannot afford internet to be restricted for a single minute. as most of our government department ad depending on internet for a lot of purposes therefore i do not think that it will be ever possible. I am sure that internet will remain as forever, and so we can expect the same for bitcoin to remain as for ever as crypto currency.
alarsincoin
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October 25, 2017, 12:57:12 AM
 #769

I think that every cryptocurrency and it's project would eat piece by  piece
untill fiat money will not be enough to stay price of bitcoin high.

Klestar
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October 25, 2017, 01:31:54 AM
 #770

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Actually to be honest i dont know when and what is the way to destroy the bitcoin becuase i see that bitcoin is totally increasing and so strong so i think no one can destroy in bitcoin except if many investor stop investing in bitcoin.
Reid
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October 25, 2017, 01:37:17 AM
 #771

Restriction of internet connection is the number one way of eradicating bitcoin in this world, centralizing transactions could be the second one.

Correct. That is actually just the ways to stop it.
It is not a who but what steps coukd be done to stop it.
Kill the internet and you wont see it anymore.
If you are really asking for people who can destroy it then it is us. We stop using it value will come to an end and if it just millionth of a cent value you wont even see it in the news. Syonara bitcoin.
FLoving
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October 27, 2017, 11:32:44 PM
 #772

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.”
For sure Bitcoin is very highly profitable currency. The destruction of Bitcoin is never possible because the investors are purchased bitcoin when its price is down and sale it when its price going up. But there are some factors which can really affected it. Like the world war is the big factor which can be cause of huge changes in the country. The other one is economy crises that impact the sale of Bitcoin. But all these can’t happen at a time. So bitcoin never dies.
Alphagog
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October 27, 2017, 11:55:52 PM
 #773

As I think Bitcoin cannot be destroyed it has most of the power to compete with today's currencies . Bitcoin is too strong and cannot be destroyed . What do you think ?
True, I totally I agree with you that Bitcoin is most power currency and it is in the position now that it can compete any other currency. Nothing can destroyed the Bitcoin but some factors are affected it. Like world war, exchange policy collapse and international market face cries. But all that can be happened rarely. Bitcoin is live till the technology use is common in our lives.
blackr15
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October 28, 2017, 12:46:24 PM
 #774

if in my opinion no one can destroy bitcoin, because bitcoin system is good ...

unless the bitcoin is no longer interested in the possibility of being destroyed ...
DesmondHayes
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October 28, 2017, 12:52:07 PM
 #775

Bitcoin is a currency that has the biggest protection as an online currency. The coin can raise in value or fall down in value but I don't think it can be destroyed. Even the most relevant companies and the richest organizations couldn't put an end to it cause there is always " that other side" which wants the opposite.

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BranZolt
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October 28, 2017, 12:55:12 PM
 #776

if bitcoin continues to grow at this rate,then nobody
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October 28, 2017, 02:33:36 PM
 #777

No one can destroy Bitcoin. How can you destroy a decentralized computer network that has so much has power behind it securing it? It's impossible now, maybe when it first came out ya.

bitfornewbs
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October 28, 2017, 02:40:00 PM
 #778

If we stop seeing any value on it and then stop using it, then bitcoin's market value will surely become 0. Other factor could be if somehow the one who created it know how to and decided to stop it the it will happen. Other than that, having no internet will be out of the question because our world right now is heavily relying on internet for our technology to continue to develop. But right now, I dont think anyone can stop its rising popularity and demand.
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October 30, 2017, 12:33:20 PM
 #779

im sure nothing can ever destroy bitcoin,banks and goverments have no way to control this blockchain technology.
this is only 1 reason why btc wont  break down or die.

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October 30, 2017, 12:34:57 PM
 #780

when the internet is gone, so does bitcoin  Cheesy

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