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Author Topic: Is there any way to destroy the bitcoin?  (Read 2660 times)
MadScienceSocks
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October 23, 2017, 03:38:14 PM
 #1

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
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October 23, 2017, 03:54:18 PM
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Of course there is. The people themselves can do this. Developers do not find a common language with the miners, the users hold the coins and don't want to run them in turn. All this destroys the bitcoin and significantly limits its capabilities. Legalize and attempt to regulate bitcoin can also destroy everything.
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October 23, 2017, 08:14:02 PM
 #3

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

Yes. It should be pretty easy for someone like you. All you only need to do is just to locate the switch that on the blockchain network then switch it off and you get your wish without any hacking of faking anything. Just a switch. But that's on a lighter mode removing those things you said, if it had been that easy, you wouldn't even meet anything called bitcoin because that switch would have even been destroyed years back.

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October 23, 2017, 11:11:02 PM
 #4

It has already been answered a lot of times before.. but yes, there are some ways that bitcoin could be destroyed, the most common way is if all the most important banks decide to spread a massive fud over bitcoin, and this will make the whole market collapse and everybody will enter in panic selling mode, and this will make the price go down by some thousands. And then, some governments will do the same as the banks, and everybody would lost their faith on bitcoin, or almost everyone.

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October 23, 2017, 11:17:28 PM
 #5

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
i think to destroy bitcoin is to hack the block chain because that is the core of a cryptocurrency like bitcoin. but is not an easy thing to do since the blockchain is design with high security a cryptic system and it is decentralised that even a government cannot control it.

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October 23, 2017, 11:34:22 PM
 #6

Its very difficult to destroy bitcoin.

Just doing a 51% attack and publishing fraudulent blocks will be detected and the network will be able to respond.

I think the easiest way to destroy bitcoin would be to buy all of them but that would be way more expensive than the total market cap. people would figure out whats happening and the price would skyrocket.

Bitcoin seems to be more vulnerable to social engineering and political type of attacks than technical ones. if u are the cia u can maybe arrange the abduction of developers and replacement of them.

Its been shown that it is difficult to achieve consensus in the power centers for a political attack against bitcoin because you would need cooperation from many stakeholders.

You should be prepared to compensate important people for their losses if you are going to destroy bitcoin.
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October 23, 2017, 11:41:01 PM
 #7

you can have its value dropping by

1- forking too many times, creating shitcoins based on the BTC blockchain, allowing replay attacks, and with premine
2- having internal wars on philosophic views about block size



But this will never happen... never...

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October 23, 2017, 11:41:10 PM
 #8

It has already been answered a lot of times before.. but yes, there are some ways that bitcoin could be destroyed, the most common way is if all the most important banks decide to spread a massive fud over bitcoin, and this will make the whole market collapse and everybody will enter in panic selling mode, and this will make the price go down by some thousands. And then, some governments will do the same as the banks, and everybody would lost their faith on bitcoin, or almost everyone.

This is such an awkward question knowing that we want bitcoin to continue its goodness in the world of cryptocurrency. Well, anyway I think technology is the one that is always involved with bitcoin and it is smarter as we think because of the memory that it can be stored throughout the years. But destroying bitcoin really a massive critic and stressful to our part. In connection with the technology, internet is the main source to contact or communicate or access about bitcoin so perhaps, this can worsen bitcoin or be destroyed with that but I hope it won't. Bitcoin is important to our country to make it better economy why keep destroying it?
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October 24, 2017, 12:58:59 AM
 #9

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

Yes. It should be pretty easy for someone like you. All you only need to do is just to locate the switch that on the blockchain network then switch it off and you get your wish without any hacking of faking anything.

I think the blockchain ON/OFF switch is located at blockchain.info's headquarters. They are the company that maintains the authoritative blockchain on their centralized servers. They should be pretty easy to locate. Just check their domain registration for their address.
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October 24, 2017, 01:29:03 AM
 #10

surely there can be nothing eternal, maybe if all human beings on this earth already do not want or do not use bitcoin then bitcoin in sure will be destroyed, or if internet network all over the world die so bitcoin can not walk without internet, but it all not something which is easy and in a short time for all that to happen.

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October 24, 2017, 01:30:03 AM
 #11

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
Destroy the nodes and Kill all the internet cable ports ( on the sea). Bitcoin will still be alive but it will not be accessed, then delete all the databases, burn it. DESTROY Bitcoin will be hard. Bitcoin cannot be destroyed because it will still be there ( from different alts from forks derived from Bitcoin source code). DESTROYING THE SYSTEM WOULD BE IMPOSSIBLE.

EDIT: IT IS POSSIBLE if the only last resort is the destruction of the earth.
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October 24, 2017, 02:08:51 AM
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As far as my knowledge is concern, bitcoin can be destroyed by the computer expert just like hackers. Well, i believed to those people behind this kind of investment is already anticipated those bad people. Smiley

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October 24, 2017, 02:11:31 AM
 #13

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

No, you can't. Like, you can't destroy history or its events, unless you destroy all evidence left and all people who remember it.
To destroy Bitcoin at this moment, you would have to destroy all computers that have the Bitcoin blockchain on them.
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October 24, 2017, 03:04:27 AM
 #14

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
There is no way but if if the internet has shutdown it might cause of destruction and if many investor stop investing in bitcoin or the best way to desttroy the bitcoin if the war has come! So i hope that war didnot happen becuase many people will die and it can destroy bitcoin.
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October 24, 2017, 03:12:11 AM
 #15

Honestly, Destroying Bitcoin's System is possible yet it doesn't equal to the death of that system, Bitcoin have been forked for a lot of times producing different altcoins, Bitcoin have been also the pioneer and the primary model of famous altcoins today. Technically speaking, the system will still be alive even if Bitcoin has been destroyed. If there's a way to destroy the system, delete all the cryptocurrency coins and delete their databases + their source code also delete their memory from knowing bitcoin's/cryptocurrency's system.
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October 24, 2017, 03:14:23 AM
 #16

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

If only i can relay this question straight to the creator of the alpha of cryptocurrencies, surely he can answer this one but unluckily, he's nowhere to find. I think it's only Satoshi Nakamoto who can destroy the blockchain where this digital coin runs. But why would Satoshi Nakamoto would even do that in the first place? So let's just enjoy the benefits that we can get from it and let's not hope that it will end.

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October 24, 2017, 03:17:20 AM
 #17

it depends on what way your going to do that, but at the very moment no one can stop bitcoin
although many have tried but in the end instead of fighting the coin, they invest on it
the only thing you can do is ride and invest to make profit out of it

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October 24, 2017, 03:26:45 AM
 #18

If you want to destroy the bitcoin then you need to make sure that you have a high influence in the community and just like the government where they can easily destroy bitcoin because they got the power for being a leader and a great influence to the people that they have coverage. If they want to destroy bitcoin then they can easily make some bad news or laws that will cause for bitcoin to die.

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October 24, 2017, 03:27:22 AM
 #19

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
i think people who make bitcoin as payment for illegal transaction will harm bitcoin. another thing is when you make a scam with the use of bitcoin they will  not trust bitcoin anymore and government is the other one who can destroy bitcoin when they ban it in their country.

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October 24, 2017, 03:39:24 AM
 #20

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.

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