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Author Topic: Who can destroy Bitcoin ?  (Read 21674 times)
ilmiscp
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November 06, 2017, 07:31:28 AM
 #841

maybe ETH can beat it,.
hope Smiley,.
masson12
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November 06, 2017, 07:49:23 AM
 #842

My guess is bitcoin would never be destroyed, it would simply be regulated so much, it would be just like buying/selling another fiat currency. You know, when btc eventually hits 1 million, the governments require taxation and declaration of your btc, etc...
Habbiton
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November 06, 2017, 07:53:28 AM
 #843

If at least someone has the blockchain, you can not destroy it. You could destroy some BTCs if you send it to a wallet without private key
imking
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November 06, 2017, 07:59:00 AM
 #844

I think bitcoin can’t be destroy right now. Because bitcoin are now getting very popular to many people, users and company. Now many people are willing to try and to learn how to earn bitcoin. Many users are now become wealthy, because of the bitcoin increasing price. There are some company accepting bitcoin, and now many companies are willing to accept bitcoin as a payment. But I think in the future bitcoin will be destroy by itself, if bitcoin reach the limit of 21 million.
ihsanskanzaone
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November 06, 2017, 08:16:18 AM
 #845

I think that can destroy bitcoin is the government and the bank because they are the ones who hold full power over the people in determining currency. the government began banning the use of bitcoin as a medium of exchange because bitcoin can lead to a decline in the currency in a country and reduce government revenue in the banking sector. But there is still another one that can destroy bitcoin that is starting new currency such as dogecoin, altcoin, blackcoin and others so it will be a bitcoin competitor or even in the future can beat bitcoin.
arteeezy
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November 06, 2017, 08:44:04 AM
 #846

No one can destroy Bitcoin because it is so popular right now in to many peoples. Peoples are willing to learn how to earn bitcoin. Because many users are now become wealthy earning it. And now so many companies are choosing bitcoin as a payment.
nethan1btc
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November 06, 2017, 08:45:37 AM
 #847

I think that can destroy bitcoin is the government and the bank because they are the ones who hold full power over the people in determining currency. the government began banning the use of bitcoin as a medium of exchange because bitcoin can lead to a decline in the currency in a country and reduce government revenue in the banking sector. But there is still another one that can destroy bitcoin that is starting new currency such as dogecoin, altcoin, blackcoin and others so it will be a bitcoin competitor or even in the future can beat bitcoin.
Government cannot destroy bitcoin because it is decentralized and that is one of the major foundation of bitcoin why it is not easy for bitcoin to get destroyed. If there's a reason why bitcoin will destroyed it is us. We just leave bitcoin alone so the miners will not have a work because they will not earn money if there is no transaction and also demand in the market.
Vasul17
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November 06, 2017, 08:48:23 AM
 #848

If on the planet Earth will disappear electricity and the Internet, then disappears bitcoin. Now it's impossible. When will the end of the world be, then so.
darefreads
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November 06, 2017, 08:49:13 AM
 #849

I think that the one can destroy Bitcoin is the government because they have the rules and regulations if this forum was legal and not abusing someone. but I think also the one who get anger in this forum because they are the best competitor that he/she has ever had that's quite funny but maybe true
dreamer81
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November 06, 2017, 08:52:35 AM
 #850

The short answer is nobody. The long answer is someone with loads of money. This might also be the biggest risk in bitcoin. If the US government finds out it wants to destroy bitcoin, it can do it. It might cost them xxxx trillion dollars, but it's possible. The problem is that the population would perhaps rather have wellfare for those trillions instead of a destroyed bitcoin. So in reality nobodyu will destroy it
jilani
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November 06, 2017, 08:55:34 AM
 #851

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I strongly believe who guys can't destroy Bitcoin because Bitcoin is very powerful digital currency in the world.Bitcoin is unstoppable long live currency.In future Bitcoin will be changed all Bitcoin fan's life.
AntonioE
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November 06, 2017, 08:55:46 AM
 #852

Politics can take it down if they are serious and if all country agreed to.  
DollyDangerous
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November 06, 2017, 05:41:27 PM
 #853

Online hackers.Due to online hackers people will get frightened their pocket book is going to be hacked and individuals will stop using bitcoin.But is it's not such a large risk though.
dietmarfritz59
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November 06, 2017, 05:58:34 PM
 #854

Realistically I don't know if it will go away. Cryptocurrency will always be around in my opinion. The only thing is if a new coin comes into the picture and drives Bitcoin out. Currently, though I do not think such coin exists.

stompix
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November 06, 2017, 06:11:59 PM
 #855

I think that can destroy bitcoin is the government and the bank because they are the ones who hold full power over the people in determining currency. the government began banning the use of bitcoin as a medium of exchange because bitcoin can lead to a decline in the currency in a country and reduce government revenue in the banking sector. But there is still another one that can destroy bitcoin that is starting new currency such as dogecoin, altcoin, blackcoin and others so it will be a bitcoin competitor or even in the future can beat bitcoin.

You can't "destroy" bitcoin.
It's close to impossible.

For bitcoin to continue to survive it only needs one miner with a full node (copy of the blockchain).
It would be the same thing as the government being able to delete all porn from all the computers, in every country at the same time.
Chances for that to happen are close to 0.

As for the second threat...dogecoin?
Common, we're grown man around here, let's talk seriously.


Online hackers.Due to online hackers people will get frightened their pocket book is going to be hacked and individuals will stop using bitcoin.But is it's not such a large risk though.

So it is a risk or it is not?
Hackers have prayed on bitcoin users with phishing scams, malware, fake wallets and many others for years.
Nothing has stopped the growth in users.






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Donaldturp
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November 07, 2017, 12:52:43 AM
 #856

The things below can destroy bitcoin no matter what.

-Serious governments like USA, China, Japan, Germany and Russia can destroy bitcoin if they want.

-51% attack on bitcoin makes all the transactions orphan. This would destroy bitcoin.

-Hacking that will break the code of bitcoin.

-No internet situation during a war.
Dod Ong
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November 07, 2017, 01:42:47 AM
 #857

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

Who can destroy bitcoin? Who is it? For me, The other government or any countries can. Why? because other countries ban the bitcoin or crypto in their country. So I think that other countries can destroy country. We know that other countries are good at computers. So they can destroy the bitcoin specially to the country that banned the bitcoin. They think that the bitcoin is unfair to other people so they banned it in their country.
sdipmlrp
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November 07, 2017, 02:08:10 AM
 #858

Yes, bitcoin is very strong right now. I think bitcoin is impossible to zero, that year directly reduced from $8000 to $1000, and many people say that it will return to zero. I have confidence in this market. Wink
netflixnchill
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November 07, 2017, 02:36:17 AM
 #859

I agree to everyone else that Bitcoin right now sure is impossible to be destroyed.
Bitcoin indeed is pretty strong
Felix1
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November 07, 2017, 02:49:02 AM
 #860

Someone are 10000% percent sure that China can destroy Bitcoin. Well, that is not true at all. Even China is famous for its work with it, it doesn't mean that they decide the future of Bitcoin.

However, there is one big factor that can be fatal for Bitcoin.  THE GOVERNMENT!!!  Since Bitcoin is an online currency, if the governments decide the stop the internet, they can easily wipe off Bitcoin. In fact, they can wipe off most of the other banking as well because most of it is online these days.

 They can make minning illegal. If these miners could be shut down, no more Bitcoins will be generated, which could bring down the system.

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