Habakkuk77
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November 07, 2017, 03:08:48 AM |
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I believe that this bitcoin will successfully grow and no one can ever destroy this as long as the government has no control on it and they will allow this as legal and they will not ban it. They will just inform the individuals with the fake news telling that bitcoin is scam or whatever news that will destroy bitcoin but nothing they can do! Because it is trusted by many individuals who support bitcoin.
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minerich
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November 07, 2017, 03:20:14 AM |
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Yes, you could theoretically destroy Bitcoin.
Here are some scenarios - although unlikely, still theoretically possible:
Massive DOS attack which completely takes out all miners. Without miners, you can’t validate transactions and create new blocks. Without new blocks no movement of Bitcoins. It’s dead. By the way, most probably the internet would be dead too. You break the cryptography behind the Proof of Work algorithm. It’s a mathematically sound approach, as it’s mathematically possible but just very, very, very hard. In simple terms: You can fake the complete chain if you manage to re-create a new chain which is longer than the real chain, which is completely sound to all the mathematical constraints for blocks and transactions, in the time it takes the other miners to create the next valid block. Potentially possible, for example, if you build a quantum computer in your garage and work out an algorithm which is able to do that.
A massive restriction on the global scale: Governments all over the world restrict the contact points with regular money and make it very, very hard to exchange Bitcoins. Which would make it useless for transactions outside the network?
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DarkIT
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November 07, 2017, 03:22:10 AM |
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so far, I do not know who has the power that can destroy bitcoin. but, I think, when bitcoin becomes illegal, bitcoin will be destroyed by itself, because there probably will not be any market demand for bitcoin anymore.
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thycrypto
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November 07, 2017, 03:25:22 AM |
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pretty much no one
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BIockBeauty
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November 07, 2017, 04:29:13 AM |
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As we have no begin to see the countrys can forbid or output the bitcoin as China has been doing they forbidden the trade of Bitcoin !If my Nation (germany) will also forbid a trade of Bitcoin then all m Bitocins are lost i think XDLets hope the goverments see the good thinks within the blockchain and employ it also as iceland do and some other excellent small countrys now satrt to do !But ultimately they only can prohibit a Coin and never ruin it best wishes
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dhka
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The Experience Layer of the Decentralized Internet
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November 07, 2017, 04:36:50 AM |
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Internet shutdown? Or perhaps if there is huge event happening in the future that I cannot even think of
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PointHope
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November 07, 2017, 07:03:36 AM |
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A global currency means the end of nations and fiat currencies. Soon we will all be citizens of the planet earth. Your passport will be simply a bitcoin wallet with one single Satoshi
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Boximuss
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November 07, 2017, 07:14:06 AM |
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What if block access to wallets or to the whole Internet, as in North Korea? who needs bitcoin if you can't use it. It is same as destruction I think
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timcheerful1
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November 07, 2017, 07:17:45 AM |
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Until now no one can beat bitcoin, but if we talk in general only ETH has the potential to beat bitcoin, but I think for now ETH can not beat it. But soon the possibility of ETH will be ranked 1
yes you are right bitcoin have energy above now but that future I also see ETH cause they are gaining ground now so powerful
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eekkaa
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November 07, 2017, 07:24:20 AM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
no one can and can destroy bitcoin, because bitcoin has a lot of requests or enthusiasts that make bitcoin in looking for everyone.
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putrii
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November 07, 2017, 07:45:18 AM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
bitcoin will not be destroyed by anyone, bitcoin will become big and become the king of digital currency in the future.
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newlone
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November 07, 2017, 07:48:54 AM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I do not think there is anything that can destroy the bitcoin or it can make it reach zero or even half the current value.
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taiwww
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November 07, 2017, 09:48:49 AM |
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If we see the development of bitcoin it seems impossible to stop this cryptocurrency. Even after IOC ban by China, Japan and regulation impositions by Indonesia , Australia this currency is still rising. If all nations or Unions of the world took collective decision of banning or regulating bitcoin, then only this is possible. Internet is the life of any cryptocurrencies. Major technical difficulty resulting in disconnection of internet connectivity for a prolonged period can destroy bitcoin. Major cyber attack on bitcoin wallets or on blockchain can disturb bitcoin network. Rise of any new cryptocurrency or any new concept of trade/ transaction and investments can compell people to change their focus from bitcoin currency.
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Gloiri
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November 07, 2017, 09:55:37 AM |
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I think that actually the governments can destroy bitcoin if they work together everything would be gone because they control nearly everything in the world the governments.
Bitcoin would fall less than a week because its also unstable so it would fall really hard.
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Cryptohunt
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November 07, 2017, 02:15:39 PM |
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one way to disrupt the bitcoin market is when all humans in this world are not using bitcoin anymore. because anyone who registers sekenarionya will not be able to destroy the bitcoin market if users are still very much in this world. even satoshi I think not necessarily can make bitcoin bitcoin prices destroyed because many investors involved there, except if he deleted bitcoin secretly.
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Mikwik
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November 07, 2017, 02:18:42 PM |
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To me the fact of the economic version reminds we are the rulers for bitcoin price, if the demand is high there will be a raise in price and when demand decreases price falls. So it's all in our hands, to be added it's all we need to understand such never happens reason why it is spreading in all sectors of payments.
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barmutinikita
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November 07, 2017, 02:22:45 PM |
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Only united international association of banks can. And Putin
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Palider
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November 07, 2017, 02:25:15 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.
We humans also can break the Bitcoins. Especially people with power like the Government. If the government is united to remove and make the bitcoins illegal it is possible. However, there should be some details as to why they will make it illegal. Just like its bad effect on the people, And other things that can be bad for the people who use it. But it's very impossible that bitcoins we use good things and have a great impact on their financial needs.
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bitcoinvamp
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November 07, 2017, 02:28:42 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.
I don't think any possible reason which could lead to zero market value of bitcoin. The value could go down through time and because of hard fork but zero value is not possible.
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tranle789
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November 07, 2017, 02:32:27 PM |
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Nobody can destroy Bitcoin because this market is not controlled and completely free. I think only satoshi can kill Bitcoins but no one ever knew who Satoshi was and why Satoshi can make Bitcoins.
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