How to kill Bitcoin?

[Mazda17]

You can never kill bitcoin. This is continuously going up and never expect that it will go down as it is already introduced and used all around the world.

If one or a group say that bitcoin can be killed, well try it first and I will believe him/her or them

I agree with your opinion.
Although bitcoin has not been inaugurated by many countries but there are already many people who use it, so even though many people will not be able to kill bitcoin if it still gets more and more people use it every year.

[Cacingkemi]

You cannot kill this BTC embedded into the network as you use the air to live,btc is also the same using the network to survive.In my opinion no one can remove the BTC from this crypto world because he lives to the node internet network.

[salahfycl]

You cannot kill this BTC embedded into the network as you use the air to live,btc is also the same using the network to survive.In my opinion no one can remove the BTC from this crypto world because he lives to the node internet network.

yes of cours i agree with you , i think there is no one in the internet world can kill or stop the bitcoin , there is one idea to kill bitcoin we need to kill the internet .

[jekjekman]

I searched how to kill Bitcoin on the search box and saw nothing, so I'll just start a new one.

Is it true that miners are the one responsible for every transactions?
If yes; why didn't the government of China just ban cryptocurrency mining or am I just missing something out?

If there are no transactions or maybe just less than 10 made transaction happened within 24 hours, how will the mining computer work then?, will it just go idle?What if people decided to hodle their coins, will it be unfair for the miners?

 

I think they just did, but China removed from the existing bitcoin miners then it will
be a gain for miners based on other countries. If China is really serious on banning
Bitcoin why don't they order the closure of the ASIC manufacturer's plant on their country?

Bitcoin will die if all of the miners stop from mining or if transactions takes longer
before being confirmed that will result to people loosing their trust on the coin.

[Bay_Harbour_Butcher]

I searched how to kill Bitcoin on the search box and saw nothing, so I'll just start a new one.

Is it true that miners are the one responsible for every transactions?
If yes; why didn't the government of China just ban cryptocurrency mining or am I just missing something out?

If there are no transactions or maybe just less than 10 made transaction happened within 24 hours, how will the mining computer work then?, will it just go idle?What if people decided to hodle their coins, will it be unfair for the miners?

 

I think the most likely thing that bitcoin can die is the way the government bans all transactions related to bitcoins, and other cryptocurrencies,

[btcprospecter]

If one country bans it outright then somewhere else will try to capitalise on that. There will still be miners out there as long as there is a value attribute to bitcoin.

[soy]

By simply being taken over by a bank group. And this is not a hypothesis to be ruled out from the outset. The largest banking groups have ample means to raid everything and sink the money forever. The market cap does not weigh heavily on traditional finance

[DassKass]

No, It cannot be killed. Bitcoin runs on Blockchain technology.

[LuanX3]

By simply being taken over by a bank group. And this is not a hypothesis to be ruled out from the outset. The largest banking groups have ample means to raid everything and sink the money forever. The market cap does not weigh heavily on traditional finance

Uhhm. That would totally be stupid to be honest. Bitcoins are extremely expensive now that they cannot pour that much money to kill it off. Imagine, right now if they want to destroy say 1,000,000 (1mln) bitcoins that would cost them 8,000,000,000 (8 bln) dollars to do it. And that is assuming the prices will not go up if they buy that much on one go. That is a lot of money and for sure the banks will not waste it by burning just 1 mln bitcoins. I would assume they would need to at least buy 90% of all bitcoins to totally kill it off, but that means they need to buy 19 mln bitcoins. 19 x 8 bln dollars = 152 bln dollars, do you think even if they had that much money, they would waste it on just killing it?

[Arifull Islam]

I was totally afraid to see your title.Bitcoin cannot be kill.because it's a blockchain system.if any country banned it but it not will be dead.thank you.

[skyflakes88]

to kill bitcoin they're must be no users who will be transacting using bitcoins if their are no users serving as medium of exchange bitcoin will eventually die or kill the miners that verify the transactions of bitcoin's blockchain network if there are no miners bitcoin will die

[rayneh]

to kill bitcoin they're must be no users who will be transacting using bitcoins if their are no users serving as medium of exchange bitcoin will eventually die or kill the miners that verify the transactions of bitcoin's blockchain network if there are no miners bitcoin will die

Bitcoin is a standout amongst the most well-known crypto currency and utilized by the a large number of individuals the general population are pulled in towards Bitcoin on account of the high security framework which make Bitcoin sheltered and solid so it's practically difficult to execute Bitcoin and that is the reason that individuals need to have bitcoins.

[deisik]

By simply being taken over by a bank group. And this is not a hypothesis to be ruled out from the outset. The largest banking groups have ample means to raid everything and sink the money forever. The market cap does not weigh heavily on traditional finance

Uhhm. That would totally be stupid to be honest. Bitcoins are extremely expensive now that they cannot pour that much money to kill it off. Imagine, right now if they want to destroy say 1,000,000 (1mln) bitcoins that would cost them 8,000,000,000 (8 bln) dollars to do it. And that is assuming the prices will not go up if they buy that much on one go. That is a lot of money and for sure the banks will not waste it by burning just 1 mln bitcoins. I would assume they would need to at least buy 90% of all bitcoins to totally kill it off, but that means they need to buy 19 mln bitcoins. 19 x 8 bln dollars = 152 bln dollars, do you think even if they had that much money, they would waste it on just killing it?

This is certainly not the only option

They could just allow Bitcoin futures, and the Wall Street sharks could quickly short Bitcoin to death. Oh, wait, isn't that what they are going to do within the next couple of months anyway? If cash-settled futures are allowed, it will be a sort of piece of cake business to instigate panic selling and then keep Bitcoin spiraling down by shorting more and more until no one uses it. As to me, it is a more viable solution than stupidly buying up bitcoins. What do you guys think?

[durilup]

You can't kill bitcoin . Already bitcoin is a beast in price and even if goverment will ban it he will still grow up . Many people are already in bitcoin and they won't never trust CHINA.
Happy trading !

[Serg22]

Sooner or later it's over. Many countries are screaming that bitcoin does not need is to destroy the economy. Each country wants to control bitcoin or price for it. And if not, to levy a tax on miners and exchanges of bitcoins. Bitcoin is of interest to most countries, including China. So at the moment, bitcoin will not kill .

[felicita]

first you have to shut down the electrisity to kill bitcoins
so you have to kill the interenet also XD
and china still allows mining becourse they get good taxes on this .
gresat fees for china



regards

[NikolayRaev]

First: all stock exchanges must be banned. While this is very difficult. Exchange a lot. They are scattered all over the world. There, where one exchange disappears, three or four new ones appear. Exchange, as well as crypto-currencies, open up on increasing. Certainly not all of them will live to old age. But the fact that there are many of them is a fact.

Second: you need to ban people. Suppose you destroyed the stock exchanges. But here a different problem emerges. People can act without exchanges, they can exchange goods directly: Fiat for bitkoyn, bitkoyn for fiat, goods for bitkoyn, etc. It is impossible to control 8 billion people.

Third: the elimination of the Internet. This measure may also prove ineffective. First of all, a lot of people will protest. Secondly, the Internet can be made extra-state or independent of decisions from above. Thirdly, even if the Internet is liquidated, it is not a fact that you are eliminating cryptonyms. Cryptography does not need to have Internet access. People can create Bitcoin 2.0 out of the Internet.

Fourth: buying all the crypto currency. Also it will not work, because it is known that even one bitkoyna suffices for the functioning of the world housekeeper. Let them buy it. It still does not work. Bitcoin is not gold. It can not just be taken and taken away, or braked at the border.

Fifth: counterfeit bitcoins through the liquidation of miners. This option is possible, if someone has the power of the network in their hands. Since the network is decentralized, it will be very difficult to find all the miners. But this, in my opinion, is the most realistic option, because the miners become larger and now they are easier to find. But even if you eliminate all the miners, this will not solve the problem. The discoverers can simply release another bitcoin. Well, you banned digital "gold", and what has changed? People switched to digital "silver"

[s31joemhar]

Nothing last forever, everything in this world can easily disappear in just blink of an eye. The main weakness of every business in this world is slowly losing their life blood. Like bitcoin, the demand of customers is the main life blood of the system. In order to survive they tend to become flexible to meet every customer’s satisfaction. Through this meeting the demand gives them additional lifespan to survive. When the customers gone, the existence of business will also gone. As long as all operation are in accordance of the law and their continuous operation gives them a positive outcome. Bitcoin is indestructible from its journey.

[adamcro]

Since there are many mine farms you don't even need individual miners. Imagine having a stadium full of computers that do mining...

[Canoppo99]

Since there are many mine farms you don't even need individual miners. Imagine having a stadium full of computers that do mining...

Bitcoin is decentralized so it's hard to kill bitcoin. We don't have to worry about this thing our bitcoin networks is always safe.