Who can destroy Bitcoin?

[vanesha]

And how can this thought be understood and applied to reality? Of course Bitcoin won't cease existing, but as things go more and more centralized each new day, empowering and giving control to the groups who have been ruling this world since always, Satoshi can compromise Bitcoin's credibility, by for an example, dumping all his coins on the market at once.

I’m actually concerned about that as well. If Bitcoin were accumulated by just one person and controlled by a single entity—even not 100%, but say 80% of the circulating supply held in one wallet—I think that could mark the beginning of Bitcoin’s downfall. If that person decided to sell all of it at once, would Bitcoin really survive? I’m not even sure it would.

[BitBakerr1]

Nothing can actually destroy bitcoin, not even the creator of bitcoin can destroy bitcoin. The reason why is like that is because bitcoin is not a centralized coin it is a decentralized coin. I can’t be destroyed by anyone however, there are some things that can happen that can lead to the fall of the price of bitcoin but saying that bitcoin can be destroyed is something I will never agree with you.
I really don’t know why people are now talking about bitcoin being destroyed or going to zero price these days in this forum the other day I saw a trend where someone was saying bitcoin will go to zero if Satoshi Nakamoto is discovered, all these are lies. Bitcoin can never die or go to zero.

[hero_the_bossman]

The only way Bitcoin is going to be destroyed is if the internet is destroyed or humanity makes money redundant. And even then I am not sure whether Bitcoin will still exist or not. It could still keep going, maybe not with the internet but in a different way. Or for a different purpose.

Bitcoin is simply too brilliant for it to die out for no reason.

At least that is what I think.

The govs may only slow it down, but eventually, they all would turn their faces toward btc, not against it.

Because it's the future and the opportunity for them just as for the common man and retailer.

[Easteregg69]

It's about hashrate.

Tried being the first gpu on maxcoin. That was pretty insane. Cheers.

[terrific]

Many have already tried and many have already claimed Bitcoin was going to be destroyed at some moment, but it has never happened for real.

Then the question arises, who have the ability to destroy Bitcoin? Ironically, the answer may be only the person who created it: Satoshi.

It's curious to think about the scenario where the creation goes too far away from the initial purposes of the creator, so he ends deciding to nuke this.

And how can this thought be understood and applied to reality? Of course Bitcoin won't cease existing, but as things go more and more centralized each new day, empowering and giving control to the groups who have been ruling this world since always, Satoshi can compromise Bitcoin's credibility, by for an example, dumping all his coins on the market at once.

Whether that possibility is there only for satoshi, I don't think if he ever is still out there alive and kicking.
He's not going to destroy their creation that have been adopted by the world already. Even the big players and investors are already in it.
Why would he do that? it's not going to happen. But for the sake of argument, the chance is very little for him to do that.
Because first, we know that he's never coming back and no one knows wherever he is right now.
Bitcoin is already in the hands of its huge community now.

[suzanne5223]

Yes, Bitcoin gets its existence through the creation of Satoshi, but that doesn't mean he can compromise the credibility BTC gain it because of you, me, and others who embrace its potential.
To prevent more centralization is why i always advise people to prioritize self custody more than ever now and never go for BTC ETF.

People seriously need to start to understand that bitcoin is beyond everyone now and that even Satoshi cannot distroy it. One thing is that some like Satoshi can simply just create FUD or FOMO through their actions but it will not be able actually kill off bitcoin.

Technically, yes. It is the FUD I also believe Satoshi has the power to create now, but years ago, when the governments and institutions hadn't seen Bitcoin as an alternative investment i believe the FUD that will happen is filing some lawsuit against Satoshi. Now that the government and institutions are the major players in the Bitcoin market. The only FUD i believe can be created is through the Satoshi BTC we have in the legacy wallet address.

The example that OP gave about Satoshi killing bitcoin is by selling and I say for every seller there must be a buyer and for Satoshi to sell his coins they will be buyers in the market. The only thing is selling off his coins might actually cause is that it will send the market into panic and probably a prolonged bearish period as their will be fear most especially by the weak hands who will he thinking that it is actually going to die too but big investors will simply just stick to their portfolio and hodl for long and at the end the market will definitely come back stronger.

Satoshi is actually just holding around 1 million of the coins alone so selling this doesn’t mean most of the other 19 plus million coins will also have to be sold and this is the reason why we say bitcoin as at today is well ahead of bitcoin of Satoshi coin as a many people portrays it to be

We have seen a lot of crypto creators selling off their bag and with the potential Bitcoin currently have only a naive creator will decide to discard his bag at a cheap price when the total 21 million coin are yet to be mine.

[RealNoblee]

Many have already tried and many have already claimed Bitcoin was going to be destroyed at some moment, but it has never happened for real.

Then the question arises, who have the ability to destroy Bitcoin? Ironically, the answer may be only the person who created it: Satoshi.

It's curious to think about the scenario where the creation goes too far away from the initial purposes of the creator, so he ends deciding to nuke this.

And how can this thought be understood and applied to reality? Of course Bitcoin won't cease existing, but as things go more and more centralized each new day, empowering and giving control to the groups who have been ruling this world since always, Satoshi can compromise Bitcoin's credibility, by for an example, dumping all his coins on the market at once.

Apparently, this conception has been a wide spread fear in the heart of many concerning the future of Bitcoin.
My opinion here is, Bitcoin is designed to be decentralized, resilient and censorship-resistant network.
But we must understand that several factors could practically destroy or undermine Bitcoin existence,
such as utility, and value.

More over, these dangers as ws can see ranges from technical vulnerabilities to existing legal framework actions and market activities.

[JoyMarsha]

Then the question arises, who have the ability to destroy Bitcoin? Ironically, the answer may be only the person who created it: Satoshi.

Won't it be out of foolishness will someone think of destroying what he created that have gain a massive growth and support globally.

This is what Satoshi have ever wanted, for Bitcoin to be widely used and accepted by many. Seeing that happening, he wants to destroy the progress of Bitcoin. That's will be unwise decision. Satoshi I know wouldn't do that. He will want Bitcoin to remain the way it is, anonymous and financial freedom on one self.