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Author Topic: Who can destroy Bitcoin ?  (Read 21670 times)
tushin4
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November 15, 2017, 01:55:35 PM
 #1021

It is almost impossible to destroy anything that is anonymous and decentralised.Bitcoin is that kind of stuffs.Several steps were taken to destroy it before but that hasn't happened.Instead the value of bitcoin has increased a lot.
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Bitcoinnumberone
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November 15, 2017, 02:43:02 PM
 #1022

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
i think what can destroy bitcoin is government if we are talking about in a certain country. Like what happened to China, bitcoin was totally banned by the government because the central bank of china does not have any control to bitcoin so they want to regain their power of control.  If all other countries also ban bitcoin like China, it may be the end of bitcoin. Another factor may be internet, because no internet, no bitcoin. It will not be destroyed but it will be unusable because it is a digital cryptocurrency so it operates with the use of technology especially with the use of internet. If there is a total break down on the internet around the world, if that's possible,  bitcoin will be unusable.
cryptojac17
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November 15, 2017, 03:01:27 PM
 #1023

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
i think what can destroy bitcoin is government if we are talking about in a certain country. Like what happened to China, bitcoin was totally banned by the government because the central bank of china does not have any control to bitcoin so they want to regain their power of control.  If all other countries also ban bitcoin like China, it may be the end of bitcoin. Another factor may be internet, because no internet, no bitcoin. It will not be destroyed but it will be unusable because it is a digital cryptocurrency so it operates with the use of technology especially with the use of internet. If there is a total break down on the internet around the world, if that's possible,  bitcoin will be unusable.
The only possibles that would end up Bitcoin would be the break down of internet infrastructure once it happen Bitcoin turn into nothing.even number one hacker cannot destroy Bitcoin because it is run in a block chain technology system which is decentralized and no one is controlling but controlled by individual.     

Jobbernowl
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November 15, 2017, 04:09:54 PM
 #1024

I read half of the comments. And they are all true. Starting from electricity and the Internet, ending with the consumer, the buyer. All these factors can affect the cost reduction bitcoin. A large volume of sales and complete indifference to the currency as such.
But the next two years, we will not be affected by these problems, I guess.

daarul50
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November 15, 2017, 08:01:28 PM
 #1025

I read half of the comments. And they are all true. Starting from electricity and the Internet, ending with the consumer, the buyer. All these factors can affect the cost reduction bitcoin. A large volume of sales and complete indifference to the currency as such.
But the next two years, we will not be affected by these problems, I guess.
Two factors that are needed bitcoin ie electricity and internet. However, for the electrical factor may not have an impact because I believe that electricity is very needed today if there is a power outage we also will not worry because there is much alternative energy that can generate electricity and for the second factor that is the internet, this factor we should worry about because at any time the whole country could have blocked all internet access about blockchain.
KalaiBTC
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November 16, 2017, 01:23:50 PM
 #1026

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.
I think bitcoin reached to that stage which is now not possible for anyone to destroyed bitcoin because now bitcoin is not alone there is huge quantity of users who support bitcoin and also such a big and develop countries are going to support bitcoin so I think there is no chance for anyone to destroyed bitcoin and even hackers also.
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November 16, 2017, 04:37:47 PM
 #1027

No one can destroy bitcoin is not only crypto currency bitcoin is base of crypto currency 100% crypto currency lovers loves bitcoin also may be bitcoin value going up and down but no one can destroy bitcoin.
TheBobman
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November 16, 2017, 04:50:54 PM
 #1028

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.
I think bitcoin reached to that stage which is now not possible for anyone to destroyed bitcoin because now bitcoin is not alone there is huge quantity of users who support bitcoin and also such a big and develop countries are going to support bitcoin so I think there is no chance for anyone to destroyed bitcoin and even hackers also.

I still think that bitcoin is destroyable just see after the ban of China bitcoin did drop a lot. It dropped not 200 dollars but it dropped 3k. This damage was a lot.

Just think what if a few countries were to ban Bitcoin or even China bitcoin would destroyed.
dillo666
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November 16, 2017, 07:07:17 PM
 #1029

From my point of view,only ETH can give good competition to bitcoin in future.

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ridho002
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November 16, 2017, 07:29:52 PM
 #1030

Nothing can destroy bitcoin, because I see bitcoin is now a need many people to increase their income.
mintomia199
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November 16, 2017, 07:54:03 PM
 #1031

bitcoin is unbeatable to me.as bitcoin runs without the touch of any third party organization,it takes less fee to for transaction.In addition,its value is increasing day by day.people are engaging themselves into the bitcoin community and they are getting profit as well.
East7547
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November 16, 2017, 08:13:05 PM
 #1032

I think the main threat to Bitcoin is governments around the world
Drnice
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November 16, 2017, 08:22:52 PM
 #1033

I dare to bet with you is no one can destroy BitCoin, Can not
BitCoin will last forever and go with the development of humanity
Governments can destroy it, if they unite against it


The only way the government can destroy bitcoin is, 1. They destroy the blockchain technology, and 2. They shutdown the internet. If this two can be done, then bitcoin has been stopped. If option 2 takes place, then the whole world will go back to stone age.
ladadadiweliketoparty
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November 16, 2017, 08:53:04 PM
 #1034

I think the main threat to Bitcoin is governments around the world

Hahaha yeah right they already tried stopping bitcoin and they have zero chance to do so. The one main thing that comes to mind that could "destroy bitcoin" is the creator exiting and dumping their 980k btc worth.

CeramicMaker
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November 16, 2017, 08:58:47 PM
 #1035

Nobody in this world has that ability.But how if all countries in the world ban Bitcoin? Will it be destroyed or we still can use it with a special way? Maybe this is the only way Bitcoin can be destroyed but I think it'll never happening cause Bitcoin is the future of this world, it give people a new quickly and convinient payment method, it also helps the economy of every country become better so I think it'll not be banned all over the world and there will no way for anyone to destroy Bitcoin Smiley
cheesyspoils
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November 17, 2017, 02:15:15 AM
 #1036

If no one mines bitcoins anymore, nobody can exchange them. Miners basically get a commission because they use their processing power to process transacrions between bitcoin wallets.
ydrogios
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November 17, 2017, 05:33:52 AM
 #1037

Hackers might find a way to hack it in future
dreamer81
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November 17, 2017, 05:36:41 AM
 #1038

Someone with a lot of money can do it. But why waste several trillion on that. In my mind it's not going to happen because of the uncertainty it brings and countries needs a lot more money for welfare. Populations will be mad if any leader uses money on that. Except perhaps North Korea haha
ab007
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November 17, 2017, 05:40:10 AM
 #1039

It seems no one can destroy bitcoins or beat it but the only cause which can effect is the shutting down of internet if it happened so (which is seems to be not) can damage the digital currency.
BitNoLimit
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November 17, 2017, 05:46:08 AM
 #1040

maybe another altcoin could be,
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