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Author Topic: Is there any way to destroy the bitcoin?  (Read 1981 times)
sakkosekk
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October 25, 2017, 05:36:38 AM
 #41

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.

Yes. Although destroying Bitcoins isn't logical and quite stupid for someone who is in the crypto world to do, there are really many ways to do so. One is bombing the root of the block-chain literally. Lol.
Another is when goverments decide to prohibit the usage of bitcoins and other cryoto currencies present.
Legalization of bitcoins can also break it. Because with legalization comes with regulation. And if bitcoins and other crypto currencies get regulated, then it means others will lose interest. A lot. Because decentralization isthe most important asset of bitcoin. And without it., Bitcoin will lose morethan half of its supporters including me.
Well as for as relation of government is concerned to I don’t think so any government can do this because bitcoin is going to play a big role in the economy of any country if they regulate bitcoin so it can also help them and it can be good for bitcoin as well what I believe that internet can be only reason who can destroyed bitcoin the rest of there is no chance of it to destroyed.
In the future I think governments will set up a separate department for cryt curency because it has a great influence on the financial status of a country as well as the world.
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October 25, 2017, 05:40:54 AM
 #42

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.

If the whole internet suddenly goes dark and then all the holdings of bitcoin that you have saved no matter the amount can be instantly turned into oblivion. OR if the whole system resets or reboot due to a major change in the internet and digital systems then there is a great chance this would be adversely affected.

I don't think we can destroy Bitcoin. Because it exists on Blockchain system. No one can control it. Unless Internet is disappeared. I don't think it will happen.
I believe anything can happen
There are things we have not anticipated, not thinking about those scenarios
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October 25, 2017, 05:44:10 AM
 #43

Only one possible, that is, the world back to the last century, back to the age of information is not smooth, back to physical exchange. It doesn't need money, but it can't go back. So bitcoin can't be destroyed
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October 25, 2017, 05:48:33 AM
 #44

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
The only thing that comes to my mind when it comes in destroying bitcoin that is world war. If this would be possible therefore everythings will be destroyed even all technologies that we used in earning bitcoin. With that situation bitcoin will be died.

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October 25, 2017, 05:58:44 AM
 #45

It will be very difficult. The Bitcoin network consists of thousands of computers and devices that are running full nodes. < software that contain the protocols and the Blockchain > If you can stop people from running this software, you would effectively "kill" Bitcoin.

This might sound easy, but it has not been done globally since 2009 when Satoshi first released the software. A P2P network like this, cannot simply be shut down with one "Kill switch" < A decentralized Open source network is one of the most secure networks in the world >

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October 25, 2017, 06:04:04 AM
 #46

I do not know if it is not by way of hack, but by way of hack can also destroy the bitcoin completely. I often hear great hacker stories, if they want to destroy bitcoin I'm sure they can just do it. If the hacker intends to be very evil, they could do it. But I'm sure we all do not want that to happen.

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October 25, 2017, 03:39:05 PM
 #47

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
bitcoin has a high level security system, and this is probably more heavily than the world's security system, but nothing is impossible, because it's all man-made, and whatever is created by humans, it's certainly a weakness that will probably be one blame, which can be entered by a certain person
Although rivalries of bitcoin are so many, but they cannot do anything bad with bitcoin because bitcoin is so much secure than thinking of enemies. Decentralization feature of bitcoin doesn’t allow someone to interfere in bitcoin personal system therefore it is so much secure from any kind of destruction.

It is right that there is no any weak point in bitcoin system that someone may just try to intervene so there is no any way that bitcoin may be destruct even the whole world became against bitcoin till the developer himself doesn’t want to shut down.


 
 
 
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October 25, 2017, 03:57:54 PM
 #48

bitcoin is the strongest and famous currency in the history of crypto and no one can affect bitcoin. it is impossible to destroy bitcoin because if it was possible than many people will tried to hack them or affect the price of bitcoin.

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October 25, 2017, 04:06:52 PM
 #49

bitcoin is the strongest and famous currency in the history of crypto and no one can affect bitcoin. it is impossible to destroy bitcoin because if it was possible than many people will tried to hack them or affect the price of bitcoin.

Yes. Its completely true. That bitcoin can't be destroyed. Actually its become so famous word wide that no can destroy it.
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October 25, 2017, 04:17:09 PM
 #50

bitcoin is the strongest and famous currency in the history of crypto and no one can affect bitcoin. it is impossible to destroy bitcoin because if it was possible than many people will tried to hack them or affect the price of bitcoin.

Yes. Bitcoin can't be hacked or destroyed. It is totally impossible to destroy n if it can be destroyed then it is totally waste for everyone.
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October 25, 2017, 04:36:49 PM
 #51

I do not know if it is not by way of hack, but by way of hack can also destroy the bitcoin completely. I often hear great hacker stories, if they want to destroy bitcoin I'm sure they can just do it. If the hacker intends to be very evil, they could do it. But I'm sure we all do not want that to happen.

Bitcoin can't be hacked. Coz its a worldwide used thing n even trying to hack it needs many guts. N many even sure tried n even got failed.
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October 25, 2017, 04:40:56 PM
 #52

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
Why you have such a question like that? Be thankful that we got bitcoin. But my answer to your question is yes, there is way, destroy all telco companies to disable internet connections

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October 25, 2017, 05:04:18 PM
 #53

I think it is not that much easy as people think about it because in the beginning you may threat a currency but when a currency become very popular and famous it can’t be destroyed easily because first you will to have decrease the interest of the people toward this and then the demand of this currency will fall in the crypto currency market and after that bitcoin will face huge threat.

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October 25, 2017, 05:09:40 PM
 #54

You can't complete destroy bitcoin because even us don't know who created bitcoin and how to control this digital currency. So the fact if you destroy most of the bitcoin holders, the rest will make it rise again.
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October 25, 2017, 05:15:05 PM
 #55

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.

Yes. Although destroying Bitcoins isn't logical and quite stupid for someone who is in the crypto world to do, there are really many ways to do so. One is bombing the root of the block-chain literally. Lol.
Another is when goverments decide to prohibit the usage of bitcoins and other cryoto currencies present.
Legalization of bitcoins can also break it. Because with legalization comes with regulation. And if bitcoins and other crypto currencies get regulated, then it means others will lose interest. A lot. Because decentralization isthe most important asset of bitcoin. And without it., Bitcoin will lose morethan half of its supporters including me.
Well as for as relation of government is concerned to I don’t think so any government can do this because bitcoin is going to play a big role in the economy of any country if they regulate bitcoin so it can also help them and it can be good for bitcoin as well what I believe that internet can be only reason who can destroyed bitcoin the rest of there is no chance of it to destroyed.
In the future I think governments will set up a separate department for cryt curency because it has a great influence on the financial status of a country as well as the world.
yes i know that government will get a next step for the destruction of bitcoin but it will not work because the future of bitcoin will be bright and the reason is that bitcoin is a decentralized currency's and means that bitcoin is independent and will grow.

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October 25, 2017, 06:11:53 PM
 #56

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.

I think yes there is a way to destroy bitcoin but why should someone will destroy it..I don't think it can give benefita to those who will destroy it. So i mean instead of doing that. We should all support cyrpto world and everyone will benefit having a bitcoin.

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October 25, 2017, 06:20:58 PM
 #57

If bitcoin can be destroyed it would have been long dead. The media have tried everything but if keeps coming back stronger. I disagree that it can be destroyed completely at the moment.

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October 25, 2017, 06:34:22 PM
 #58

Bitcoin already working 9 years without any problem, bitcoin is very stable, popular, progressive and growing up virtual currency. I think while big rich players will invest milliards in bitcoin till that time bitcoin will not die.
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October 25, 2017, 06:41:28 PM
 #59

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.

Yes there is. Hackers nowadays are wiser much more than how we know them. They can access even the most secured ones. However, we must try to keep our money save for we don't know the possible things that hackers might do to our earnings. I still believe that bitcoin controllers can still do something about it. They should be wiser than hackers.

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October 25, 2017, 06:51:59 PM
 #60

I think bitcoin can not be destroyed, no matter how hard one tries. It can be destroyed only if the Internet disappears.

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