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Author Topic: Is there any way to destroy the bitcoin?  (Read 3059 times)
Nomadiens
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March 02, 2018, 11:16:05 PM
 #321

no way, why bitcoin is keep growing it's far because of the buyers or individuals who trades it so if no one use bitcoin and no one invests or trades it it is going to be dropping or decreases in market financial system however it's far too tough to smash it due to the fact there a millions of humans using bitcoins round the arena so dont expect bitcoin may be wreck unless theres a brand new futuristic cryptocurrencies it will be an enemies
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maaydin
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March 02, 2018, 11:19:45 PM
 #322

in my opinion the easiest way to destroy it is to make it an invaluable asset. If btc would have no value people would lose interest, miners would leave the mining and exchanges would shut down from zero volume.
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May 27, 2018, 02:48:27 PM
 #323

Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
Yes maybe or Maybe not again. There are many people who just work for their own interests. There is no benefit of Bitcoin by them. But if they do that, then Bitcoin can lose their popularity. So I think those who try to do or do such things should be resisted. Bitcoin will be able to retain its popularity.
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May 27, 2018, 03:07:04 PM
 #324

Bitcoin can be destroyed as a matter of fact it has been declared dead on countless occasions.. If we speak in technical terms,Bitcoin will live so long as there are computers that run the Bitcoin software on the network but greed and carelessness from the community can kill it
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May 27, 2018, 03:15:35 PM
 #325

very easy to destroy the bitcoin system is by destroying the Internet network in this world so that the blockchain system will not be able to operate again. we can also sell all bitcoin assets and nobody else is interested in buying bitcoin so the bitcoin value will fall.

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May 27, 2018, 03:17:44 PM
 #326

Maybe by killing internet commection, when the internet deactivated, so there's no way to access bitcoin itself. It seems like impossible to destroy bitcoin because it has worth much now and people keep invest on it.

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May 27, 2018, 03:18:27 PM
 #327

Destroying bitcoin is a none sense thing.  Who would ever destroy it when everyone seems to get benefits from it.  The trading now a days might be low but still people are expecting a great payback from it.  
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May 27, 2018, 03:22:00 PM
 #328

Maybe by killing internet commection, when the internet deactivated, so there's no way to access bitcoin itself. It seems like impossible to destroy bitcoin because it has worth much now and people keep invest on it.

Yes this is one of the most effective way of killing or destroying bitcoin,  but i am thinking,  just like on stock market,  the stock price is gling doen for some reason such as fraud or issue about the company,  I personally experienced dropping value of certain coin because of the law case against its company.  The tendency is the major holder withdraws his share just to be safe making coins value drop and other people go in panic selling.

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May 27, 2018, 07:01:34 PM
 #329

maybe governments can destroy it because of strict laws. but i hope that cryptocurrencies are the future of our world and they will live
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May 27, 2018, 07:07:52 PM
 #330

Bitcoin can not be destroyed, neither cracked or something.
The only thing that can really happen, is to see private keys cracked, that is more than possible if all those quantum computers start cracking them.

Hello
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May 27, 2018, 07:10:14 PM
 #331

I don't know why you are want to know about this  Cry But yes, there have options to destroy bitcoin. The main thing that bitcoin has, People's trust and faith. If we don't trust bitcoin and everyone will sell their bitcoin and if the banks will spread the strictly bad news about bitcoin then bitcoin will turn Nothing. But I never want this.

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May 27, 2018, 07:11:11 PM
 #332

I thing Only the governments can destroy, not only one but like UE or USA or CHINA
mersal
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May 27, 2018, 07:15:47 PM
 #333

very easy to destroy the bitcoin system is by destroying the Internet network in this world so that the blockchain system will not be able to operate again. we can also sell all bitcoin assets and nobody else is interested in buying bitcoin so the bitcoin value will fall.

Yes without any internet it will be very easy to destroy the crypto currency but today's situation it will not possible so the thought is not a right thing .
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May 27, 2018, 07:32:31 PM
 #334

I do not think so, because bitcoin is digital, besides bitcoin is very valuable and has many people, so they will protect their assets, so the conclusion to destroy bitcoin is very difficult
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May 27, 2018, 07:37:09 PM
 #335

I thing Only the governments can destroy, not only one but like UE or USA or CHINA

But they would not do this because of lack of capabilities to limit access. Even great China firewall doesn't work properly



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May 27, 2018, 07:41:45 PM
 #336

Destroying bitcoin is a none sense thing.  Who would ever destroy it when everyone seems to get benefits from it.  The trading now a days might be low but still people are expecting a great payback from it.  
Well people are just like that, they will want to destroy something so that everyone can't get to enjoy it anymore. I really don't know how secure the bitcoin network is but what i know is that with anything created by man, there is a way for others to break through as well.

 
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dbangel1994
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May 27, 2018, 07:41:52 PM
 #337

If it was easily destroyed by an individual, it was not as huge as it is now.
I think that the only thing that could destroy bitcoin is when internet connection will be destroyed. If this happens, bitcoin will not be accessible and it can't be used. However, I really think that this is impossible to happen. Bitcoin will continue to surge because bitcoin is now becoming more famous because of it's convenience and profitability.
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May 27, 2018, 07:42:57 PM
 #338

Already answered so much times before... Just pivot the blockchain, find the switch at the bottom, and switch it off.
If people complain, please switch it on again !  Grin

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May 27, 2018, 07:46:48 PM
 #339

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


It is indeed possible but difficult.  If bitcoin have been destroyed,  those who invested and use bitcoin would have lost it's trust on it.  I hope it will not happen.  Let's hope for the better success of bitcoin so it will last forever. 
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May 27, 2018, 07:57:31 PM
 #340

There is just to destroy bitcoin, because bitcoin is still the developmental stage. So bitcoin can still be destroyed. If everyone is no longer investing bitcoin bitcoin can also have been destroyed.
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