Who can destroy Bitcoin?

[Razmirraz]

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 is true, many parties have tried to destroy Bitcoin for various reasons including that the presence of Bitcoin could destroy their business, but in reality, they have never succeeded. As the creator of Bitcoin, Satoshi has the ability to destroy Bitcoin because he has control over the Bitcoin source code and could have changed it, but he will not do so because he has created Bitcoin to be a decentralized system and cannot be controlled by any party, he has left Bitcoin and is no longer actively involved in it, in addition, the value of Bitcoin is now very large, so destroying it would harm many people.
We may never know his whereabouts, whether he's still alive or has passed away. What's clear is that Bitcoin has become a global phenomenon and has changed the way we view currency and the financial system. He created something truly revolutionary and paved the way for the development of blockchain technology and other cryptocurrencies, so it's unlikely he'll destroy his biggest dream, which has become a reality.

[Findingnemo]

How exactly the creator of Bitcoin, Satoshi can destroy Bitcoin?

He could sell his holding that might leads to the people losing trust over the bitcoin but it will remains same and people still keep using than it will survive that but it's unlikely that Satoshi want it to end because he never touched his holdings at all.

[Fivestar4everMVP]

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.

Satoshi can't do anything that will hurt bitcoin and it's credibility bud, even if or when the government becomes like they have more control over bitcoin than me and you, Satoshi won't still do anything that will hurt bitcoin because if he does, it's not even the government that will feel the pain much, it's still me and you that will feel the pain so much and many may even end up committing suicide..

And let me also say that even if Satoshi at any point in time decides to sell off all his bitcoins at once, this action can only drag the price of Bitcoin down to a certain level until the his entire bitcoin is successfully sold, after this, give bitcoin a couple of days or weeks and it will recover, and at this point, the government can even exercise more control because they know that the inventor of the crypto currency asset have left the community and this will be bad for us..

[Satofan44]

A large EMP strike would. Or governments worldwide unilaterally agreeing on making Bitcoin "illegal" for mainstream use. A new coin with a superior tech than Blockchain can also render Bitcoin obsolete (thereby destroying it).

There are many ways in which Bitcoin can be "destroyed". It's highly-unlikely, given how strong Bitcoin is these days. But never say never. We should always have a Plan A, Plan B, and Plan C, just in case. Who knows what mysteries lie ahead way beyond in the future?

None of those scenarios are realistic or true. A large EMP strike can not destroy Bitcoin. It would have to be a strike that kills every computing device and the internet as a whole both on the planet and the satellites. What is the likelihood of that? Have you been watching too many action movies recently? Why would Bitcoin matter in this scenario? You will be fighting for your life to survive in such a scenario, therefore it is ridiculous to come up with that answer -- you might as well say, well a large enough asteroid could completely shatter the planet and that would kill Bitcoin. 

The governments worldwide will not agree on making Bitcoin illegal since it is highly adopted by the institutions of the USA. Done with the second theory. A new coin with "superior tech" is also bullshit, there is never going to be a coin that is decentralized as Bitcoin and that has naturally evolved as it has. Every new "superior tech" blockchain is going to be centralized, and as such it can't compete with Bitcoin. If you are going to come up with clear examples, make sure at least that they are realistic.

What could destroy Bitcoin nobody knows, some has said that it's only Satoshi that can destroy Bitcoin but no body knows who is Satoshi of he is still even alive or dead, i don't also think that the creator of Bitcoin will want to destroy it, Bitcoin has changed the lives of many Bitcoin is also still in existence we should focus on accumulating Bitcoin, though nobody really knows what will happen to Bitcoin in future in a safe way we can invest with your discretionary income.

There are people who do not spend all their time watching TV, scrolling social media and wasting time on other useless activities. These people, unlike many others here, know a few things.

[ndutndut]

How exactly the creator of Bitcoin, Satoshi can destroy Bitcoin?

He could sell his holding that might leads to the people losing trust over the bitcoin but it will remains same and people still keep using than it will survive that but it's unlikely that Satoshi want it to end because he never touched his holdings at all.

Nothing can destroy Bitcoin because its technology is so sophisticated and it's impossible for Satoshi to destroy his own creation. He might sell all his holdings, but that would only impact the market potentially leading to a loss of trust in Bitcoin but Bitcoin remains indestructible.

Recently, some have suggested that Bitcoin will be destroyed by the development of quantum computers which are predicted to allow users to access Bitcoin from wallets that are no longer accessible. However, this isn't entirely dangerous as Bitcoin will continue to evolve as technology advances. Bitcoin could be destroyed if the internet were to disappear from the face of the earth, but this is also unlikely because the internet is such a part of life today that even if the internet goes down in some countries due to war there would still be internet in others. So in my opinion, rather than worrying about Bitcoin's destruction, it's better to continue accumulating Bitcoin for the long term.

[Jaksonhard]

What could destroy Bitcoin nobody knows, some has said that it's only Satoshi that can destroy Bitcoin but no body knows who is Satoshi of he is still even alive or dead, i don't also think that the creator of Bitcoin will want to destroy it, Bitcoin has changed the lives of many Bitcoin is also still in existence we should focus on accumulating Bitcoin, though nobody really knows what will happen to Bitcoin in future in a safe way we can invest with your discretionary income.

There are various opinions out there on what could ruin Bitcoin, but they have all been an unanswerable question so far as no one really knows. Yes, a few people say only Satoshi could ruin Bitcoin however, nobody knows who Satoshi is or if he even exists anymore. The fact is Bitcoin has completely transformed a lot of lives already and still is having an impact today and continues to grow and evolve. The best way to go about this is to invest in a responsible manner using only discretionary funds, by accumulating for the long term instead of creating fear.

[fuguebtc]

What could destroy Bitcoin nobody knows, some has said that it's only Satoshi that can destroy Bitcoin but no body knows who is Satoshi of he is still even alive or dead, i don't also think that the creator of Bitcoin will want to destroy it, Bitcoin has changed the lives of many Bitcoin is also still in existence we should focus on accumulating Bitcoin, though nobody really knows what will happen to Bitcoin in future in a safe way we can invest with your discretionary income.

Satoshi certainly would not want to destroy Bitcoin, because it is his brainchild. However, even if he wanted to, he could not

Remember that Bitcoin was designed to be independent of anyone, including its creator. Its decentralized nature stems from the network being operated by thousands of nodes and miner around the world, not from the disappearance of its founder. Therefore, he cannot destroy it, and no one can destroy Bitcoin.

[GiftedMAN]

Satoshi certainly would not want to destroy Bitcoin, because it is his brainchild. However, even if he wanted to, he could not

Remember that Bitcoin was designed to be independent of anyone, including its creator. Its decentralized nature stems from the network being operated by thousands of nodes and miner around the world, not from the disappearance of its founder. Therefore, he cannot destroy it, and no one can destroy Bitcoin.

He already said he's moved to other things so I don't think he's bothered about Bitcoin again since his creation is thriving. I would've said the government can but then after so many years of trial, they can't. Money has evolved from paper to digital currency and Bitcoin is the leading digital currency, trying to destroy it is like trying to hinder the evolution of money. So far people keep buying and selling Bitcoin it would keep doing well and yes no one can destroy it.

[PerpFinder]

Quantum computing or if Saylor decides to dump all of it

[DanWalker]

Quantum computing or if Saylor decides to dump all of it

If I remember correctly, the threat of QT to bitcoin was discussed about a decade ago. But as you can see, so far there has been no real threat from it, and it is all still just theory. Additionally, Bitcoin developers are also researching and discussing solutions to combat QT in the future.

As for Saylor, he is a large whale in the market, holding roughly around 3,5% of the supply. If he sells all of that Bitcoin, the market will experience massive volatility but that is still not enough to destroy Bitcoin. You are exaggerating his influence and power too much.

[Itz-prisigold]

He already said he's moved to other things so I don't think he's bothered about Bitcoin again since his creation is thriving. I would've said the government can but then after so many years of trial, they can't. Money has evolved from paper to digital currency and Bitcoin is the leading digital currency, trying to destroy it is like trying to hinder the evolution of money. So far people keep buying and selling Bitcoin it would keep doing well and yes no one can destroy it.

I think one of the most interesting part is how Bitcoin has outgrown its creator entirely. Satoshi moving on from Bitcoin shows how decentralized the system really is,  he built it for the community to take over the project,  and as he stays away, Bitcoin is holding true to what it was meant to be. I also see Bitcoin as more than just a currency,  but also a new way of thinking about money. Even the strongest governments in the world only have the ability to regulate or restrict access locally,  they cannot control it globally, nor can they erase the trust and the value people give to it.

The most fascinating thing is how people are now using Bitcoin as a way to take control of their finances and rethink how we make payments,  because of this value, Bitcoin has a cultural and economic resilience,  leading people to think of it as the ultimate payment system. So for that reason,  I do not think Bitcoin can ever truly be "killed". Bitcoin is not simply a code,  it is a community  that grows with every new user,  miner or developer that comes in.

[Localhostspeed]

Quantum computing or if Saylor decides to dump all of it

This is another speculation the Bitcoin has been trying to debunk because how is Quantum computer going to destroy Bitcoin? If Quantum Computers are released form now to let's say 10 years as many people predict, then only Bitcoin that has their public keys release can be affected but I'm sure that the Bitcoin developers would have roll out a new update that is going to protect everyone public keys from been calculated to get the private keys.

Saylor hasn't spend billions of dollars into Bitcoin to have it dump now, I'm not saying he is not going to sell but I will tell you that he is not going to sell his Bitcoin right now until they have a trained a certain stage of their investment and maybe that time that many people aren't going to be afraid of market dump again, that's the only way I think Saylor may want to dump some of his Bitcoin which I don't see anything bad, if they can invest their billions then they have every reason to sell when the time is right.

[AGogi2003]

Satoshi said he has moved on to other things, so why would he be the one that will destroy Bitcoin? If he decides to sell all his Bitcoin like you said, would that really destroy Bitcoin? It won't but will only make the market to crash such that it might go down to the price that it was not supposed to dip to again but that won't kill Bitcoin, when most investors starts to pump in money to buy Bitcoin at a discount price, you will see the market starts to recover again. When their a massive sell, it's supposed to cause the market to crash and that's when usually happen when supply is too much than demand.

I don't think anyone can destroy bitcoin because is unpredictable and untouchable no one have access to it even the satoshi if he sell is bitcoin the price can just decrease deeply but that can't make it destroy bitcoin, so bitcoin is hear to stay and he as help many people alot of poverty to rich so bitcoin will still continue with is value no one can predict the market and we shouldn't be thinking of that we should always focus on profit because if you are talking about destruction you won't feel about investing and that won't happen in my opinion because if anyone can have access to bitcoin am sure even the government have make it down because they have many people that don't like bitcoin and if they have the chance to get access am sure bitcoin should have destroy for some times now.

[Smack That Ace]

How exactly the creator of Bitcoin, Satoshi can destroy Bitcoin?

He could sell his holding that might leads to the people losing trust over the bitcoin but it will remains same and people still keep using than it will survive that but it's unlikely that Satoshi want it to end because he never touched his holdings at all.

Most people believe in and invest in Bitcoin because they recognize its potential. Because it is a decentralized asset, its supply is scarce, and it is a great alternative to the outdated traditional financial system. In other word, they invest in bitcoin because they see the economic opportunities it can offer. They did not invest in it because of the creator identity, or because Satoshi held 5% of the supply and had no intention of selling.

Therefore, even if Satoshi were to sell his bitcoin, it would not cause many people to lose faith in bitcoin. And he could not destroy it because he had no control over it.

[Ronsbit]

How exactly the creator of Bitcoin, Satoshi can destroy Bitcoin?

He could sell his holding that might leads to the people losing trust over the bitcoin but it will remains same and people still keep using than it will survive that but it's unlikely that Satoshi want it to end because he never touched his holdings at all.

I agree with your opinion here. Satoshi would be the last person to think of destroying his invention. I also doubt if he would think of selling his holdings because if he does that, people would lose interest in the innovation and there would likely be a decline in the price of Bitcoin which would definitely affect the crypto market entirely. Selling his Bitcoin holdings might also put him at risk of the government coming for him.

[Iranus]

I agree with your opinion here. Satoshi would be the last person to think of destroying his invention. I also doubt if he would think of selling his holdings because if he does that, people would lose interest in the innovation and there would likely be a decline in the price of Bitcoin which would definitely affect the crypto market entirely. Selling his Bitcoin holdings might also put him at risk of the government coming for him.

Bitcoin could fall and the market could become chaotic if he decides to sell all his bitcoins. But I do not think people will lose interest in bitcoin just because its creator is selling it. Bitcoin is attractive and has potential because it possesses unique characteristics and is a distinct asset class compared to others. We invest in Bitcoin because of those outstanding characteristics, not because it was created by Satoshi or for any other reason.

I do not know what you think, but I would not sell my Bitcoin just because Satoshi sells it.

However, I agree that he would face risks and the government could come after him if he decided to sell his bitcoins. Therefore, the likelihood that he will show up or sell his bitcoin is very low.

[Findingnemo]

How exactly the creator of Bitcoin, Satoshi can destroy Bitcoin?

He could sell his holding that might leads to the people losing trust over the bitcoin but it will remains same and people still keep using than it will survive that but it's unlikely that Satoshi want it to end because he never touched his holdings at all.

Most people believe in and invest in Bitcoin because they recognize its potential. Because it is a decentralized asset, its supply is scarce, and it is a great alternative to the outdated traditional financial system. In other word, they invest in bitcoin because they see the economic opportunities it can offer. They did not invest in it because of the creator identity, or because Satoshi held 5% of the supply and had no intention of selling.

Therefore, even if Satoshi were to sell his bitcoin, it would not cause many people to lose faith in bitcoin. And he could not destroy it because he had no control over it.

Bcoin is not like the tokens or those shitcoins, Satoshi didn't allocate 5% of total supply to himself rather he mined them and that just struck with him forever and people didn't really thought that bitcoin will become something but nerds thought this is interesting concept and why not join hands and around 2 decades later here we are, bitcoin entered the top 10 market cap of all assets combined. So yeah people invested in bitcoin because of the idea or simply they thought it is going to moon but whatever the reason if Satoshi comes now and moved those funds that is not going to be a good day for sure in terms of price.

[Satofan44]

Satoshi certainly would not want to destroy Bitcoin, because it is his brainchild.

Plenty of people have destroyed the things that they have created. Many people even destroy their own kids, so this argument is not valid. You do not know whether satoshi is such a person or not, nobody does.

If I remember correctly, the threat of QT to bitcoin was discussed about a decade ago. But as you can see, so far there has been no real threat from it, and it is all still just theory. Additionally, Bitcoin developers are also researching and discussing solutions to combat QT in the future.

While you are true to claim that it was discussed even a decade ago, that is not an argument through which a defense can be formulated. The quantum computing field has evolved a lot since then and it continues to evolve. While the threats were theoretical even then, today we have a better understanding of the potential and issues that may arise from this. If there wasn't considerable progress in the practicality of quantum computers, we would not be considering quantum safe cryptography just yet.

As for Saylor, he is a large whale in the market, holding roughly around 3,5% of the supply. If he sells all of that Bitcoin, the market will experience massive volatility but that is still not enough to destroy Bitcoin. You are exaggerating his influence and power too much.

That is correct, and again people forget that this would be done through proper channels and take time. Nobody sells large quantities of Bitcoin on the open market.

This is another speculation the Bitcoin has been trying to debunk because how is Quantum computer going to destroy Bitcoin? If Quantum Computers are released form now to let's say 10 years as many people predict, then only Bitcoin that has their public keys release can be affected but I'm sure that the Bitcoin developers would have roll out a new update that is going to protect everyone public keys from been calculated to get the private keys.

You are making generic statements about things that you do not understand. It is not possible to "protect everyone public keys". The keys that have been exposed are exposed, they can't be protected anymore.

[Publictalk792]

Bcoin is not like the tokens or those shitcoins, Satoshi didn't allocate 5% of total supply to himself rather he mined them and that just struck with him forever and people didn't really thought that bitcoin will become something but nerds thought this is interesting concept and why not join hands and around 2 decades later here we are, bitcoin entered the top 10 market cap of all assets combined. So yeah people invested in bitcoin because of the idea or simply they thought it is going to moon but whatever the reason if Satoshi comes now and moved those funds that is not going to be a good day for sure in terms of price.

Special thing about Bitcoin is that it was started in fair way where its maker, Satoshi Nakamoto, had to mine each and every coin himself other than getting free part as many of makers of new bad like modern coins do. Bitcoin has grown to be one of 10 highest priced items in world with market value of above $1 trillion in the past year. But at same time, Satoshi still has about 1.1 million Bitcoins which have not moved at all and in case such coins are ever put into market, it will start huge fall in prices and panic. Since coins have stayed still for more than 15 years, most investors think of them as having been lost or out of use, which helps steadiness of Bitcoin price and its rarity being true.

[Minor Miner]

Bcoin is not like the tokens or those shitcoins, Satoshi didn't allocate 5% of total supply to himself rather he mined them and that just struck with him forever and people didn't really thought that bitcoin will become something but nerds thought this is interesting concept and why not join hands and around 2 decades later here we are, bitcoin entered the top 10 market cap of all assets combined. So yeah people invested in bitcoin because of the idea or simply they thought it is going to moon but whatever the reason if Satoshi comes now and moved those funds that is not going to be a good day for sure in terms of price.

Special thing about Bitcoin is that it was started in fair way where its maker, Satoshi Nakamoto, had to mine each and every coin himself other than getting free part as many of makers of new bad like modern coins do. Bitcoin has grown to be one of 10 highest priced items in world with market value of above $1 trillion in the past year. But at same time, Satoshi still has about 1.1 million Bitcoins which have not moved at all and in case such coins are ever put into market, it will start huge fall in prices and panic. Since coins have stayed still for more than 15 years, most investors think of them as having been lost or out of use, which helps steadiness of Bitcoin price and its rarity being true.

In my opinion, whether Satoshi selling his Bitcoin would trigger market panic and cause a sharp drop in price will depend on several factor.

We all know that prices only fall when liquidity is weak and demand is insufficient to absorb the selling pressure. This means that even if Satoshi sell all of his bitcoin, but if the market had deep liquidity and strong demand from institution or governments. The impact may be absorbed more quickly and be less severe than many people fear.

It can be said that the impact of Satoshi selling bitcoin on the market will depend on the timing, the method of selling, and the market liquidity at that time.