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Author Topic: Who can destroy Bitcoin ?  (Read 21674 times)
Wagako
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December 05, 2017, 12:58:30 PM
 #1301

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

The only thing to destroy bitcoin is the investors and users. Once that investors and users will never use bitcoin therefore it will become useless and we can say that it is the end of bitcoin.

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dvillier
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December 05, 2017, 01:05:10 PM
 #1302

In light of my own feeling there are a few courses on the most proficient method to demolish the bitcoin business and one of these is the web association in the event that we the entire world won't have any entrance to web so subsequently the bitcoin business will tumble down and this will be the finish of the bitcoins
shark69
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December 05, 2017, 01:12:14 PM
 #1303

I think that can damage bitcoin are people who do not believe in bitcoin. other than that I do not think there is. even the government also can not damage bitcoin. to access it is difficult, much less destructive. will be very difficult.
emmanborromeo67
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December 05, 2017, 01:13:37 PM
 #1304

Who can destroy bitcoin.? For me its a hacker because hacker is a more about knowledge about bitcoin.
coinweez
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December 05, 2017, 01:17:30 PM
 #1305

i do not think anyone can destroy it
it is already too big to be easily brought down
though if someone messed with the private keys Undecided
WUWARAOLUOXIANG
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December 05, 2017, 01:20:34 PM
 #1306

Who knows? it is a really amazing and terrifying world. The prediction of mine would be stupid and useless.. But I know that I will grab this oppotunity to make me rich, that is enough. >_<
Janation
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December 05, 2017, 01:30:00 PM
 #1307

Who can destroy bitcoin.? For me its a hacker because hacker is a more about knowledge about bitcoin.

A lot of hackers exist in this world still bitcoin is alive for 8 years now, Hackers can't stop bitcoin unless they have their quantum computers now and making a move to overtake bitcoin.

The thing that will be destroying bitcoin IMO is the people who are using it. Bitcoin is always pumping because of it's users, bitcoin is becoming popular because of it's users, so without user, bitcoin will easily crumble down. Not only that, since bitcoin is mostly based on the demand and supply, without demand, bitcoin will be nothing.
moynul2050
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December 05, 2017, 02:26:39 PM
 #1308

I would not imagine a bad thing about Bitcoin.
I always think positive, and it is very important to improve the spirit.
even this thread should be deleted because it makes us become doubtful and frightened.
kyori
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December 05, 2017, 02:39:51 PM
 #1309

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Worldwide ban and world war 3, these two scenario can destroy bitcoin. If bitcoin will be banned worldwide there will be no more investors and no one can use bitcoin. World war 3 will freeze the trading industry because of the current situation global economy will collapse.

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yhan2x
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December 05, 2017, 02:42:18 PM
 #1310

End of the world i i think. Because no one can destroy bitcoin, depends on the investors.
JTEN18
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December 05, 2017, 02:42:23 PM
 #1311

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Worldwide ban and world war 3, these two scenario can destroy bitcoin. If bitcoin will be banned worldwide there will be no more investors and no one can use bitcoin. World war 3 will freeze the trading industry because of the current situation global economy will collapse.
I think the users/investors itself can destroy bitcoin, if we have found a better cryptocurrency than bitcoin then the chance is bitcoin will vanish, but until now nothing has become rival of bitcoin although a lot of coins out there still they cannot afford what bitcoin has come so far. Aside from us of course the creator of this can destroy this if he wants to.
Sundark
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December 05, 2017, 02:46:45 PM
 #1312

it cannot be destroyed cuz it's based on blockchain that is basically eternal
xDsoGood
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December 05, 2017, 03:01:36 PM
 #1313

It cannot be destroyed because the security of the Bitcoin is so powerful that no one can hack it
heppot
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December 05, 2017, 03:09:12 PM
 #1314

titles are a bit vulgar. who can destroy bitcoin? the answer is all of us.
if we are no longer compact in support of bitcoin then gradually the bitcoin will be destroyed by itself.
jimtommy
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December 05, 2017, 03:29:40 PM
 #1315

I can't think Bitcoin will destroy. How is it possible?  Bitcoin is mother coin. It's not like other alt coin. It's not controlled by any organization. Bitcoin is very strong. It's value is different from other alt coin. Everywhere using now Bitcoin specially in online. So I think it's not possible to become destroy.
Traydor
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December 05, 2017, 03:41:17 PM
 #1316

Actually destroing bitcoin is quite a difficult task for private institutions but the goverment has substantially more power to do so. From a Cryptographic standpoint it seems pretty much impossible as a 51% attack is not even profitable so gametheory says it is not in the best interetst of the attacker (mining hardware can only be used for bitcoin so in order to destroy bitcoin you have to buy bitcoin miners that can only be used for bitcoin so why is it in your interest to attack bitcoin like that.

The seconds biggest danger comes from contentious hardforks without replay protection. Bitcoin Cash was a nasty attack too although it failed miserably, first it tried to take bitcoin down with their high mining profitability and then in the last few weeks with rodger vers pump.

Goverments definetly have more options though, banning won't really damage bitcoin as we saw with china. They could spend  a few billion for mining equiptment though that is not profitable and they could also attack mining centers and destroy all the miners so that the blockchain is not progressing blocktimes are too large and the network implodes due to no transactions going through and huge fear.

That is everything that comes to my mind though there should be many more ways to destroy it.
Jeric_
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December 05, 2017, 03:42:55 PM
 #1317

Central bank and government of various countries by putting a ban on it thereby decreasing the demand.
So called "whales" or people who have large volume of coins by driving prices too low that investors would lose interest.
Those who would "short" the market.
koinov
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December 05, 2017, 03:52:55 PM
 #1318

Some another genius maths enthusiast?

Or massive ban/prohibition from big governments and banking systems. Who knows....
bribed
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December 05, 2017, 03:56:46 PM
 #1319

I think we have to watch out for several factors that could have influences on Bitcoin in the future: how the governments will handle it, how society further adopts it, how Bitcoin evolves itself to scale better. There is much more I guess. What I was thinking lately about was, if Bitcoin keeps rising like this and mining therefore will become even more lucrative for the miners, many people will want to jump on the train and if everyone does that, than there will be too much electricity used for mining. I think this can be a real thread for Bitcoin and cryptocurrencies overall, because I guess no government will be just watching and do nothing if this scenario becomes real, they will find ways to prevent this. Maybe I didnt thought this through the right way,if so please correct me.
dejesus.eulaann
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December 05, 2017, 04:06:13 PM
 #1320

I got some news that bitcoin is being hacked. That's why before, the exchange rate of bitcoin it 70k+ and down to 30k+, because of that news. Or other countries will banned by using Bitcoin like blocking others social apps using by specific country. That's why there is a possibilities that Bitcoin can destroy but not easily.
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