Can Bitcoin Be Destroyed?

[L E G E N D A R Y]

In that case, do you think they will be able to reach every blockchain or will they be able to create copies of them?

lol that’s a silly question there . And it’s not about reaching the blockchain or even getting a copy of the blockchain, because anyone can basically have a copy of the blockchain in your computer or your hard drive, that doesn’t strengthen the blockchain or Bitcoin in anyway, on the contrary it even helps to strengthen the network more and more.

What I meant is if a person or an attacker able to locate every single person/computer that’s in possession of the blockchain info, and is actually able to destroy those computers, which is actually probably impossible you know.

And yeah a lot of hackers have tried in the past but it lol failed. Just like the 2010 Value Overflow Attack, where an attacker actually exploited a bug to create over 184 billion BTC in just one single transaction. But developers were able to detect it as soon as possible and were able to fix the bug within a few hours sooner than expected, the invalid transaction was able to be wiped off the blockchain through a network upgrade.

[johnsaributua]

We can't know whether Bitcoin will exist forever. But under the current circumstances, we can be reasonably confident that it won't suddenly disappear. If it ever did, it would be an extremely rare event and completely beyond our control. The same could happen to any other asset as well, and no exception. So thinking about it is unnecessary and a waste of time.

I think so too because currently there are no obstacles whatsoever that make us not need to think too far about what will happen in the future because many parties want Bitcoin to always be safe and controlled forever, especially as currently many parties are very confident in Bitcoin which plays a role as something that is in the interests of investment for those who make investments so more precisely in my opinion for the future it will be safer and always think about Bitcoin which is full of confidence for us as parties involved in this Bitcoin forum, especially thinking about things that are not beneficial for us, it is better not to think or do things that tarnish Bitcoin.

[reagansimms]

We can't know whether Bitcoin will exist forever. But under the current circumstances, we can be reasonably confident that it won't suddenly disappear. If it ever did, it would be an extremely rare event and completely beyond our control. The same could happen to any other asset as well, and no exception. So thinking about it is unnecessary and a waste of time.

Yes, no one knows if Bitcoin will be around forever, but I am very sure, Bitcoin will not disappear suddenly because its network is decentralized, it is almost 17 years old, during that time it has been able to survive various crises that occurred in 2013, 2017, 2021, the Chinese ban, FTX collapsed, but the network is still running. Bitcoin is also starting to be adopted by countries like El Salvador and several large companies, the more parties consider it important, the stronger its presence becomes. Having come this far and survived all the challenges, it would take an extraordinary event for Bitcoin to suddenly disappear, such as an internet apocalypse, a nuclear war, all developers quitting, or a fatal bug that cannot be fixed. I think the probability is very small.

Now let me take a real-life example. No one can guarantee that a plane will not crash, but we still fly because the pilots are professional, the planes are well-maintained, and the statistics are that they are safe. If you keep thinking about the plane crash, you will only become more stressed and won't be able to enjoy the flight. I think Bitcoin is the same, we just need to focus on education, security, and strategy to enjoy the long-term results.

[YOSHIE]

Can Bitcoin Be Destroyed?

Technically, Bitcoin cannot be completely destroyed as you say, you definitely know the true nature of Bitcoin and also how Bitcoin itself works, the blockchain, computers as storage of transaction data throughout the world and also the true nature of Bitcoin decentralized, but Bitcoin can be used in extreme scenarios to make the price of Bitcoin worthless or the value of the ecosystem is damaged.

For example, if you carry out an extreme destructive scenario.
One thing that can be done is by the government carrying out extreme regulations simultaneously, such as all countries banning mining, exchanges, Bitcoin users and so on.
Likewise, by carrying out a global internet blackout, you can definitely imagine the negative things that will happen to Bitcoin, if the internet and electricity flow globally is cut off, of course the Bitcoin network will automatically stop functioning, but Bitcoin will still be there, nodestroyed.