DoublerHunter
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November 13, 2017, 06:24:23 AM |
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The only way to destroy bitcoin is to shut down the internet. There will be no way to transfer bitcoin from person to person since the internet is the essential tool to perform bitcoin activities. Unless they would develop offline bitcoin or else the widely used payment method is through fiat money.
You're wrong, bitcoin can be destroyed by another cryptocurrency. Yes, you read it right because if there is another cryptocurrency that will be popular and better than bitcoin then that will become the reason for bitcoin to be destroyed and there is already a lot of altcoins in the market that can compete with bitcoin but i believe that bitcoin is still stronger than them so the destruction of bitcoin will not come fast and it will take a few more years.
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siddu67
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November 13, 2017, 04:15:18 PM |
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I don’t think any single things can destroy bitcoin. Bitcoin is the king of crypto world. So it is leading the whole market. But if any currency can compit it. it can be eth. But it is quiet impossible. where bitcoin price is $7000 and ETH price is $310 . so it can take long time
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JamesBolivar
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November 13, 2017, 10:28:31 PM |
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The only way to destroy bitcoin is to shut down the internet. There will be no way to transfer bitcoin from person to person since the internet is the essential tool to perform bitcoin activities. Unless they would develop offline bitcoin or else the widely used payment method is through fiat money.
You're wrong, bitcoin can be destroyed by another cryptocurrency. Yes, you read it right because if there is another cryptocurrency that will be popular and better than bitcoin then that will become the reason for bitcoin to be destroyed and there is already a lot of altcoins in the market that can compete with bitcoin but i believe that bitcoin is still stronger than them so the destruction of bitcoin will not come fast and it will take a few more years. It would take quite a lot for that to happen.
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DAVETUN
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Bitcoin is the currency of this age
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November 13, 2017, 10:32:01 PM |
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To destroy bitcoin migth be a very hard thing to do,except if the miners have a unified decision to hamper the growth and strength of bitcoin.this will be a hard decision
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BabyBoss
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November 13, 2017, 10:33:02 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 all know that bitcoin is the strongest coins now a days and no one can beat bitcoin because of its longness and because of it's value. I think no one can destroy it but the reason why price of bitcoin dump is because that is the commong marketing pattern of bitcoin.
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maxamus
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November 13, 2017, 10:40:52 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 the government that can give a policy to bitcoin in a country to the user community, that bitcoin may be used or stopped. easy to access bitcoin properties and have the freedom to every user. Yes you are right bitcoin can be controlled by either government or big corporate by buying huge share and playing with the value by creating more demand to increase the value and selling it off to reduce the value.
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Am I spamming? Report me!
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Cordillera
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John 3:16/John 14:6
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November 13, 2017, 11:14:30 PM |
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no one can destroy bitcoin. but bitcoin only when there is no internet worldwide no current worldwide, no solar panel that can produce electricity world wide
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sensei stupid
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November 13, 2017, 11:25:06 PM |
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for which factor matter could destroy the bitcoin all know what the rival of bitcoin is, and from that all, maybe one of them could have but will not really make the bitcoin crushed, it will only make bitcoin down temporarily, as it will still be the mystery of when bitcoin rises and when bitcoin goes down, no one knows for sure about it
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Glaseseye
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November 14, 2017, 08:19:00 AM |
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I think maybe if we collect alt coin as much as we can save and its kind a lot and do trading or exchange from alt coin to bitcoin in large quantity maybe it bitcoin price will reach zero if we see during exchange
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Gasolined
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November 14, 2017, 08:33:51 AM |
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bitcoin will be replaced. but it takes 20 more years. Many coin is produced to replace bitcoin. But they can not. They have a master, bitcoin has no master.
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bubble pop
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November 14, 2017, 08:48:38 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.
Bitcoins is like a product in the market we the consumers the users the holders are the one that can easily destroy bitcoins because their value is just high and expensive because of ourselves because we wanted to have it. The more people want to buy bitcoins the higher the value it will be so if we are not using bitcoins anymore the bitcoins will drops untill it will totally be destroyed because that is only that expensive because of a high demands which we are doing. So the life of bitcoins depends on ourselves if we do not used it anymore it will be totally worthless. Even government can ban it for the people cannot used it so it will became worthless again.
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Sarrm01
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November 14, 2017, 08:55:32 AM |
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I don't think anyone can.
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lukmankhan25
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November 14, 2017, 08:56:32 AM |
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until now nobody can destroy bitcoin, even bitcoin growing, to issue rank in crypto he number 1 or can be said bitcoin is his mother crypto. but the view on the ETH that ETH might someday be able to defeat bitcoin
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Malamok101
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Proof-of-Stake Blockchain Network
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November 14, 2017, 09:08:33 AM |
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bitcoin names only damage the scammers in the field of bitcoin because they just start to trust bitcoin because of their scam activities so everyone who trusts bitcoin think that bitcoin is also scam with possitive and profit-making benefits always support bitcoin to make it even more so and do not even add to the problem of bitcoin damage.
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Aragorn_125
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MenaPay - Crypto made easier than cash
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November 14, 2017, 09:10:22 AM |
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until now nobody can destroy bitcoin, even bitcoin growing, to issue rank in crypto he number 1 or can be said bitcoin is his mother crypto. but the view on the ETH that ETH might someday be able to defeat bitcoin
No one can destroy bitcoin. Bitcoin is not a bubble - it needs to be understood. I think that in a few years bitcoin will become as popular as centralized currency.
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freeElectron
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November 14, 2017, 09:10:52 AM |
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To be exact, the answer is:
Blockstream.
It is a company which is controlling the majority of the bitcoin "core" developers. They managed to hijack BTC and move it towards total centralization, with the lightning network. It will be the end of the peoples project. Do your homework.
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Pain Packer
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November 14, 2017, 09:22:56 AM |
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World Wide shutdown of internet like what happened in the movie Transcendence? Destroying the bitcoin during World War will be unlikely. I think countries will try to take control of it but it will never shutdown. A massive attack on private keys will not be enough.
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kabzeon
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November 14, 2017, 09:59:23 AM |
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Massive DOS attack which completely takes out all miners. By breaking 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. One could also 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.
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GT-RR
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November 14, 2017, 10:22:51 PM |
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Shutdown electricity thats what...
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