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Author Topic: Who can destroy Bitcoin ?  (Read 9776 times)
Theb
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October 21, 2017, 06:42:57 PM
 #741

From all the possible scenarios only one is believable and it is all of the government of each country decides Bitcoin as a global threat and decide to ban it worldwide where they have the power to do so within the reach of the internet from banning all wallets to blocking ip addresses it is all possible to be done by the government. But it all depends if people in the future will really abuse the anonymity of Bitcoin that it can affect the economy of a country or the prominent use of Bitcoin to enriching criminals.



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October 22, 2017, 04:11:40 PM
 #742

From all the possible scenarios only one is believable and it is all of the government of each country decides Bitcoin as a global threat and decide to ban it worldwide where they have the power to do so within the reach of the internet from banning all wallets to blocking ip addresses it is all possible to be done by the government. But it all depends if people in the future will really abuse the anonymity of Bitcoin that it can affect the economy of a country or the prominent use of Bitcoin to enriching criminals.
All governments deciding to go against Bitcoin is very very unlikely. And even if, it would be very hard for them to do this. The only way I can imagine is if they would manipulate people into hating or distrusting Bitcoin, since it's not really possible to stop the Blockchain everywhere.
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October 22, 2017, 10:55:49 PM
 #743

Bitcoin is a cryptocurrency. It works in online. As it is a online coin, hackers can attack this system. If there are some security problem of this system, the hackers can attack the system. Now a days the hackers can do any harm if the security is weak. They can destroy the whole system also. Bitcoin can also be harmed by the banks. They can pressure the authority to shut the system down as they are in loss for bitcoin.

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Today at 10:08:24 AM
 #744

If no one mines bitcoins anymore, nobody can exchange them. Miners basically get a commission because they use their processing power to process transactions between bitcoin wallets. So if no one is mining anymore, which is unlikely for now, you will actually destroy the currency. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.

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Today at 10:28:00 AM
 #745

I'm sure, nothing can destroy bitcoin.One thing is bitcoin is the most powerful cryptocurrency ar9und the world.

Many people this day become bitcoiner and spend their time in bitcoin and most of them became rich instantly, so many people now a days trust their future in bitcoin. So there is no such thing can destroy and stop bitcoin.

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Today at 10:35:12 AM
 #746

Bitcoin can not be destroyed, as many people are put on by bitcoin. Only one way can destroy bitcoin if the internet network in this world no longer exists (this is very impossible).

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Today at 10:36:15 AM
 #747

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

A shutdown of all things electronic. COuntries shying away and sheddig bitcoin i to a bad light investors or buyers of bitcoin that dont know how to properly trade. And last but kot the least in which I think something that can destroy bitcoin is the hackers.

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Today at 10:46:28 AM
 #748

It is the behavior of the market itself, because it is the market behavior that naturally affects the bitcoin price movement itself, but I think bitcoin will not be devastated or has no selling value because bitcoin has halving day that will continue periodically, so the bitcoin amount will be controlled normal.

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Today at 11:01:50 AM
 #749

Only if all governments are forced to ban all bitcoin together they can defeat it. Otherwise they will not have any chance, bitcoin will dominate.

It was really not possible to disable all the bitcoins circulation because a lot of company will fall down and they will all complain, There is a lot of investor who spend to much in this bitcoin industry and that is the reason why they cannot remove bitcoin so easily because everyone will be affected.

Even all government ban the bitcoin they can't do anything about it,because bitcoin doesn't depend on any government.There is only on way to stop bitcoin is shutting down the internet worldwide if that happens the whole world will be choked no one can do their work.Even all governmet work needs internet so it won't happen.The bitcoin will survive untill people using it.

if all governments were to block it, all the exchanges would be blocked, all banks making cash transfers to exchange, bitcoin outlawing and making a sanatoria with the aim of stealing bitcoin holders, with secret services persecuting bitcoins, etc... If they really wanted to, they could do it: but they are corrupt men and so they will almost never do it. But in theory they could.

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Today at 11:07:44 AM
 #750

For me in this time nothing can  destroy bitcoin but in the market he exist another cryptocurrency still grown up more and more every day

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Today at 11:37:41 AM
 #751

The special services. They can declare that bitcoin is used in financing terrorist organizations.
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