btcjocan
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November 10, 2017, 09:47:06 PM |
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Actually noone can destroy Bitcoin for now except the investors, if they're not paying their intension for Bitcoin any more, i'm sure Bitcoin will be dead.
Probably your ideas are correct. But there are also some instances that the people can destroy bitcoin especially those people who are good in programming. They can have the ability to hack all the bitcoin accounts and even our bitcoin wallet because they are studying how to hack. But maybe my imaginations are too broad about it. Investors also could be the reason that the bitcoin will be destroyed because if they will not pay what they owe and buy some bitcoin, so there is also a possibility that it will be destroyed because of them.
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Byakuya
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November 10, 2017, 10:47:22 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 think it is very difficult for its market value to be zero. Bitcoin can continue to live even if its value decrease a lot. However, if bitcoin was destroyed , probably destroyers would be governments.
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BranZolt
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November 10, 2017, 10:50:32 PM |
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The direct answer to your question, is yes, you can “destroy” bitcoin but not in the traditional sense.
The blockchain holds a record of the coins that get sent in and out of an address. The only way to send coins out of an address is to use the private key that created that address. No private key, no ability to send or verify those coins.
One could potentially “destroy” coins by sending them to an address that has no private key, or to simply send it to yourself and erase all copies of your own private key. This will result in those coins being lost in that address forever effectively destroying them.
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cryptohorsee
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The Operating System for DAOs
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November 10, 2017, 10:52:21 PM |
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A lot of people can destroy bitcoin. I think that the banks can destroy it by buying bitcoin and dumping it to 0 on the exchanges later. Also bitcoin cash is a huge risk, I feel like they want to destroy bitcoin by dumping btc to buy bch.
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Batmain
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November 10, 2017, 10:55:35 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.
Who are the people that made BTC price surge>? of course its users and its supporters and fans, if they will abandon BTC then it will be destroyed. The government and some powerful people might destroy BTC too, not literally destroy the whole thing but can make things worst like they make BTC as an illegal thing like for example weeds. A technical breakdown can destroy BTC too, because the technology of BTC purely relies on the power of its code, if that code is cracked then this will be the end of it.
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Saimabutterfly
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November 10, 2017, 11:02:43 PM |
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lol I dont think anyone can destroy bitcoin, atleast no government in my opinion has the guts to shut it down, but yes bitcoin can be destroyed only and only by its own devs.
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forbiddenone123
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November 11, 2017, 02:13:06 AM |
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A lot of people can destroy bitcoin. I think that the banks can destroy it by buying bitcoin and dumping it to 0 on the exchanges later. Also bitcoin cash is a huge risk, I feel like they want to destroy bitcoin by dumping btc to buy bch.
Bitcoin can destroy by itself because if the no one can mange bitcoin is useless and the price is going to dump to 0 and exchange will not recognized bitcoin so can be destroy. But can people destroyed bitcoin ? I guest so if their is high risk there is possibility bitcoin can destroyed if they find the one who invent bitcoin possible can destroy. but we can destroy possible not . we proud our ourselves that bitcoin is part of our life today or even the future.
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HarleyQuinn9876
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November 11, 2017, 02:42:23 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 is destroyed when the internet crashes around the world. no internet, bitcoin can not exist. Bitcoin can be destroyed when there is another virtual currency replacing bitcoin
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LegaIHeartbreaker
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November 11, 2017, 11:47:46 AM |
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The future of Bitcoin straight is determined by its demand.When the demand for Bitcoin is reduced, it'll instantly ruin Bitcoin. One way through which its need could be reduced is if another cryptocurrency replaces it.People will begin using new cryptocurrency for his or her transactions and investments that will instantly decrease its demand.The other way could be if the federal government restrictions Bitcoin dealings and state it as being an unlawful forex.The cost of Bitcoin is directly proportionate to the need.Therefore if demand will decrease ,cost may also reduce which will ruin Bitcoin.
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McKinseyC
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November 11, 2017, 12:04:55 PM |
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just miners or us..
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mifanmuzny
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November 11, 2017, 12:17:41 PM |
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There is no such human power that can destroy BTC or altcoins. They can manipulate the price but never destroy eventually it will form up to its glory.
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ravedien
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November 11, 2017, 12:22:14 PM |
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I think bitcoin will thrive in any possible adversaries. They can cripple it but they can't kill it
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Huawei202
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November 11, 2017, 12:31:47 PM |
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The only one that can destroy bitcoin is the maker of it,since bitcoin is unstoppable and not easy to be reached by the other crypto,bitcoin cannot be destroyed by the other cryptocurrency,and even the countries that against bitcoin cannot replace and shut the bitcoin down,thats why it is very impossible to destroy bitcoin,and the only one can destroy bitcoin is the maker of it.
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WilderX
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November 11, 2017, 12:52:51 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.
Quantum computers will destroy Bitcoin and altcoins. Banksters, Goverments and other powerful entities want to see it done. But they were all of them deceived for another crypto was made... in the land of UK, in the fires of Dudley, the Doctor Peter forged, in secret, a master ledger to control all others.
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ElizaZX
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November 11, 2017, 12:53:47 PM |
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Lol! I think that zero bitcoin will cost neither when there is, reward for the blockchain will continue to be extradited. Nvideo has already earned 40% in shares thanks to the sale of video cards for mining
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Imperalta09
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November 11, 2017, 01:02:17 PM |
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1. No one believes in bitcoin (because of something). 2. World war. 3. When the power grid/internet has been shutdown.
I think Internet shutdown is a fiction for now, i just saw it in movies and no one believing bitcoin is also something that is not possible for now, and i'm not even thinking of a world war 3. But i think the possible desdruction of bitcoin is govenment by banning bitcoin in countries and this is already true to some countries such as bangladesh, kyrgistan, and some more. And it's not impossible for other countries to do so.
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Pinoyfan
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November 11, 2017, 01:05:23 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.
One thing that i know is GOVERMENT! If all goverment banned this bitcoin it will cause that bitcoin is go back ro zero value and this is so very sad i think many people become mad if all goverments banned this bitcoin.
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Oulay
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November 11, 2017, 01:15:04 PM |
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Bitcoin may fall but it will never die and what doesn't kill you makes you stronger maybe its makers can?
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seanskie18
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SOL.BIOKRIPT.COM
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November 11, 2017, 01:17:53 PM |
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Bitcoin will destroy if no one will continue supporting it. But if we still believe in bitcoin it won't destroy. Let's help bitcoin to exist forever.
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Labumi
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November 11, 2017, 01:33:02 PM |
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I do not think bitcoin will suffer destruction because over time more and more people are using bitcoin to perform various transactions or just investment. only one thing can destroy the bitcoin ie the internet. bitcoin will be destroyed if the internet can no longer be accessed and it will be impossible.
I think for now this bitcoin is not a problem to be a disadvantage. Because the bitcoin is the most profitable and also have the best future. And keep in mind, the internet will not be lost or destroyed. Because basically bitcoin is a digital currency is best, and it's certainly the internet will always be a place to update and expand. So don't ever minded bitcoin will crumble when the internet is lost, because surely the internet will never be lost. Continue working and never surrender to face everything.
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