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Author Topic: Is there any way to destroy the bitcoin?  (Read 3060 times)
Andalusy
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December 10, 2017, 07:24:47 PM
 #141

No need to be destroyed ,, one day it will be destroyed by itself. At a time when prices are no longer affordable by small investors, and they choose other crypto as an investment then bitcoin will get out of the way. So we don't have to think about how bitcoin will destroy, just waiting for a time and we can see it all. From now we should start trying not to rely on bitcoin exchange rates.
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Hijikata
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December 10, 2017, 07:25:29 PM
 #142

yes. it can be killed in any time.
It can be killed by any cryptocurrency that is better than bitcoin.
Bitcoin becomes to slow nowadays.

How stupid.
You can't kill bitcoin.
Bitcoin is a piece of code, you can't kill code.
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December 11, 2017, 07:11:49 PM
 #143

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

I think there are lots of things can affects bitcoin just like other business. Social Diversity, Politics, Economic performance, demand of the public and so much more to consider.
As long as the company and management of bitcoin become consistent on the innovation that they execute. They will become invulnerable.
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December 12, 2017, 11:50:44 AM
 #144

I suspect there is no way to destroy bitcoin
gustaf.berg
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December 12, 2017, 11:52:50 AM
 #145

There are so many ways to destroy the bitcoin but it's so difficult. This crypto currency can't for die, if someone tries to destroy bitcoin it's not so easy. I think if bitcoin admin or moderator want to destroy bitcoin they would can destroy, because they know everything about bitcoin.
Yes of course because there's no permanent in this world like in bitcoin it can destroy it by the one who create it. But if someone destroy bitcoin good luck for them because this cryptocurrency is not easy to copy, hack and destroy. Also many people try to destroy it but there are never succeed, so i think thats the reason why many cryptos came out because they want to become much ahead in bitcoin.

Very good and objective perspective mate. That is the bottom line, there is nothing permanent in this world. But anyway it will be difficult to destroy the crypto currency market at this point.
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December 12, 2017, 11:56:55 AM
 #146

There are a lot of ways to destroy Bitcoin, but the most effective way is that countries in the world bans using Bitcoins. Investors in that countries will stop using it and the normal users will also stop. Nobody wants trouble with their government so they will stop. If nobody is going to use Bitcoin anymore the price will get very low and it will have no value in the near future.

Aryadwipanggah
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December 12, 2017, 12:05:05 PM
 #147

until now nothing has been able to destroy bitcoin, unless bitcoin is not accepted as a medium of payment anywhere in the world, any government ban in any country about the circulation of bitcoin by closing its entire market. maybe that will destroy bitcoin.
Ginos
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December 12, 2017, 12:10:06 PM
 #148

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.
there no higher influencers than the media owned by governments such US  but they cannot do nothing about bitcoin as long as internet exist.
Ginos
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December 12, 2017, 12:11:32 PM
 #149

There are so many ways to destroy the bitcoin but it's so difficult. This crypto currency can't for die, if someone tries to destroy bitcoin it's not so easy. I think if bitcoin admin or moderator want to destroy bitcoin they would can destroy, because they know everything about bitcoin.
sorry i do not agree with what you have just said
how can they destroy the bitcoin the ones you talked about ?
they dont have the full control of it
Chibykesman
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December 12, 2017, 12:19:02 PM
 #150

For me, i think that there is no way destroy bitcoin, it can not be stopped it is forever, in fact it will soon be the main currency in this world that government of countries will be using.
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December 13, 2017, 05:01:48 AM
 #151

One way  that can bring down bitcoin just like any market is by shorting that market too much or a typical pump and dump. Investors would lose interest, market would plummet, bubble will pop.
Well I think it’s not truly possible now, yes one can push bitcoin down for sometime by introducing new projects and currencies to digital world. But they could only give them a tough competition but would not be able to replace bitcoin. It is a promising currency and it is to be accepted that up and down is the part of every currency
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December 14, 2017, 03:42:44 PM
 #152

I think the way is that everyone simultaneously does not use bitcoins and does not want to accept them at all.
so on turn off internet connection all over the world i think that way can destroy bitcoin.
but all that I'm sure it is impossible to do. Grin

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December 14, 2017, 05:30:33 PM
 #153

Bitcoin is the strongest and adeptly known currency in the archives of crypto and no one can con bitcoin. It is impossible to spoil bitcoin because if it was possible than many people will tried to hake them or perform the price of bitcoin.
altintarr
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December 15, 2017, 09:32:00 AM
 #154

Just launch some rockets on the 20 biggest miner farms (in iceland, china etc) just after a difficulty adjustment,
it will slow down the block generation, bitcoin network will be stuck due to the hashrate lost and the difficulty too high... remaining miners will abandon bitcoin because price will be affected... and this will be a vicious circle that can lead to the end of bitcoin

Pretty simple, just need some rockets Cheesy
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December 15, 2017, 09:38:53 AM
 #155

Shut down the internet in whole world forever then you destroyed the bitcoins.But it looks like highly impossible so you never can destroy bitcoin.

But bitcoin may lose its value if it banned in all the countries but still bitcoin will be there and you can use it.

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December 15, 2017, 09:42:29 AM
 #156

For me, i think that there is no way destroy bitcoin, it can not be stopped it is forever, in fact it will soon be the main currency in this world that government of countries will be using.
I strongly believe in bitcoin but i am also open that making illegal acts through the use of bitcoin will somehow cause to its downfall.Though there are a lot of benefits we can get from bitcoin but there are still people who take advantage on it through some illegal ways.
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December 15, 2017, 12:13:57 PM
 #157

Shutting down the internet can destroy bitcoin but this kind of move is impossible. Bitcoin can be destroy by the one who created it but it's not gonna happen. I think the government has a true power to destroy bitcoin for banning it so every people will discourage to used any cyrptocurrencies.
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December 15, 2017, 12:37:40 PM
 #158

I do not think so. But there is a possibility, although bitcoin might get destroyed people who are working with this will always find a way to resurrect and keep it running. But all of that same scenario; destroyed and resurrect, this is one of the biggest possibilty that bitcoin cannot be used anymore, if the government devalued bitcoin or in simplest way make it not usable, though bitcoin is there but it does not make sense cause it does not have value or it is not usable, so that will make sure that bitcoin will not keep running up again. Well, I have read about this, and that concept catch me up that thinking more alternative ways or solution behind that is not even possible, but maybe if you can migrate to other countries where bitcoin are available, alive, and most importantly USABLE.
Dod Ong
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December 15, 2017, 12:48:20 PM
 #159

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

Why are you asking in any way to destroy bitcoin? Are you mad here in bitcoin? If you are mad then why? If you ask me, I think to destroy bitcoin is to unite in the government to destroy bitcoin. I don't want to destroy bitcoin because the bitcoin is my only source of income that's why I don't want to destroy the bitcoin. I want to help my family using the bitcoin.
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December 15, 2017, 12:56:50 PM
 #160

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
In my own personal opinion, the government only knows how to stop bitcoin because they have there own I.T. experts who can delete bitcoin in the world of internet. And i hope that will never happen because bitcoin is very special and i great help to me and my family so it is a big loss if bitcoin was removed in the internet.
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