Topic: Bitcoin destroyed? (Read 624 times)
биткoин нeльзя yничтoжить, нo мoжнo вытecнить дpyгими, бoлee пepcпeктивными вaлютaми
No its impossible to destroy bitcoin, because no government can control bitcoin. If the government take any action against bitcoin it will take lots of time to destroy bitcoin.
The King is Dead, Long Live the King! 
Please stop kidding, guy. Bitcoin and all altcoins follow cycles in the whole crypto market. Please spend couple of minutes to look at their historical price charts; be smart to realise their cycles, then you will understand what I mean.
I wouldnt bet on that.
Should you need to destroy an asset that can change your life for better? Should you need to destroy it because it can make you rich at any point of time? I don't think someone would need to destroy bitcoin not unless if you are a frustrated investor who sell off all your bitcoin during crisis only to realized that its market price went up so high the following day.
I read an article yesterday that said bitcoin itself is doomed and it will lose its importance soon. It said Bitcoin cash is going to be the dominant cryptocurrency.
Otherwise I don't think that actual one bitcoin can be destroyed, at least as long as there is record of it in the blockchain..
Otherwise I don't think that actual one bitcoin can be destroyed, at least as long as there is record of it in the blockchain..
Bitcoin can never be destroyed it will only pass some challenges just like what is happening now! And I believe this will make it stronger when it's back to normal again. I will this opportunity to advance all beginners or newbies to always have back up apart from cryptocurrency you can convert your crypto to money save it in case of necessity because cryptocurrency investment is of a high risk!
The King is Dead, Long Live the King!
Can any one destroy bitcoin? Nobody can destroy bitcoin. Nothing unusual is happening to Bitcoin at the moment and as a matter of fact, bitcoin has survived several attacks in the past. Bitcoin can only die if the community holding it decides to drop it but they are enthusiasts who will always protect their coin.
Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts
No,can not destroy Bitcoin. Because Bitcoin is created online. And it is used online. There will be Bitcoin as long as there are internet. But the government of a country can ban Bitcoin. If the government of any country prohibits this currency, then if the user gradually decreases then the bitcoin will be destroyed.But if we want Bitcoin users, government will be not able to easily destroy the bitcoin.Bitcoin will last for a long time.
No one person or group of person can't do that. It doesn’t work that way.
Can say literaly , all the miners could randomly decide, all at the same time, to unplug their machines and cease operating the nodes that maintain the network - but that would sort of be dumb given that bitcoin has yielded whatever 900% in the last year.
Can say literaly , all the miners could randomly decide, all at the same time, to unplug their machines and cease operating the nodes that maintain the network - but that would sort of be dumb given that bitcoin has yielded whatever 900% in the last year.
I think the use of bitcoin is interesting to many people. In the government, including. So its use will continue.
Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts
Personally think that the possibility of BTC being destroyed is there.
First hacker cracked the encryption system, or found the fatal BUG of the BTC system. This possibility is only slight.
and the second is the emergence of quantum computers. The BTC encryption system was directly cracked. This is also possible. The value is that the current quantum computer technology cannot be realized.
The third is the joint elimination of BTCs by various countries in the world, but this possibility is almost impossible because BTC is scattered, and many websites are anonymous, this situation is almost impossible.
I guess first goverments will try to control it with some laws but if it cant be controlled then more agressive moves will come from them to limit it. So trying to destroy it will be last choice of them. Right now bitcoin in a fragile state and most of the people panic selling it.We will see who is collecting btcs, etcs in future(hidden powers behind them).
Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts
As what i have know and base on my knowledge nothing can destroy bitcoin although its price was falling and rising i think that nothing can destroy it because bitcoin was the next era currency. The digital currency that promotes wealth and give a graf help to human life . I only know that only falling iys price would affect bitcoin but thier is no possibilities to destroyed it because it seems also to have recovery to its price.that was the beauty of bitcoin . What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts
no matter how bitcoin it drops down so it can be said that the bitcoin was destroyed, and Destroying Bitcoin is impossible -- both physically and figuratively.
There is a possibility that bitcoin really destroyed if the goverment will step to ban it in our country so it will destroyed but we should think what bitcoin can give and what opportunity would give to people thats the first thing they are going to think before they going to ban it or even theyre going to destroy it .
I doubt that even government ban would be able to destroy bitcoin. The price might drop drastically but it would still be used underground.
One of Bitcoin's destruction options is this: If all sources of electricity, the Internet, and data communications were shut down at once, Bitcoin nodes would not be able to communicate with each other.
The system would immediately become unnecessary and unusable. - It would be a catastrophic scenario, and not just for bitcoin.
But I do not consider this option very realistic. But the question was: What are the possibilities of destroying bitcoin.
Another option that would damage bitcoin would be that the government closes all bank accounts of the cryptocurrency exchanges and also stock exchanges.
They can also ban the creation of any new business associated with cryptocurrencies. This restriction would have to be worldwide, otherwise this possibility could be bypassed by moving business to another country.
The system would immediately become unnecessary and unusable. - It would be a catastrophic scenario, and not just for bitcoin.
But I do not consider this option very realistic. But the question was: What are the possibilities of destroying bitcoin.
Another option that would damage bitcoin would be that the government closes all bank accounts of the cryptocurrency exchanges and also stock exchanges.
They can also ban the creation of any new business associated with cryptocurrencies. This restriction would have to be worldwide, otherwise this possibility could be bypassed by moving business to another country.
A friend of mine told me that bitcoin cannot be stopped as long as the community behind it believes in this cryptocurrency!
If a large number of governments turned at the same time. I think more than likely it'll be a quiet death though if and when another coin takes the dominant position.
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