Bitcoin destroyed? - page 3. | Bitcointalksearch.org

Babylon

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

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

No, if I ask? bitcoin is very difficult to destroy because it really is really good. Many people want it to end but they are frustrated and just give up. Yes we know that people are strengthening bitcoin. And the man can break it. But in our day now the more bitcoin supports, than the destructive people who want to end it. Hopefully we will continue to support bitcoin and let's not lose it forever.

Ris88

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

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

Maybe the weakening of Blockchain transactions, or too little shipping costs, and no mining works in Blockchain, which eventually makes bitcoin crumble !!

antagonist

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

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

only way for us to become more sure of this one is if we are persons who use our fist to destory bitcoin Cheesy

haha i cannot say for sure if bitcoin become destroy in future , maybe if you buy for me crystal ball i better know answer of this question for you Cheesy

Asuspawer09

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

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

I don't see things to destroy bitcoin but what I have been rrading are demand for losing it. Yet others are through manipulation and some sorts of banning in an specific country. I guess it would jut hang on that, no less and no more.

princesspoppy

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

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

I think bitcoin can be destroyed but it will take a lot of time and effort to make it happen. Bitcoin is a crypto currency which is alive in crypto world and I think it will only be destroyed if the world of cryptos die as well as the internet used to have access with these cryptos. If government wants to destroy bitcoin, the only way to make it happen is to stop using internet and ban it totally so no one can access it which is impossible. In other words, bitcoin is impossible to destroy.

kyle999

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Quote from: sotoshihero on February 22, 2018, 12:08:52 AM

In my opinion, Bitcoin cannot be destroyed unless it will be sent to a wallet where no one can access the private keys similar to coin burn. Destroying bitcoins means an upsurge on bitcoin that is left, it will have price spike since the small the supply, the higher the price. Even though it is totally ban by a country, there is still a way to use it underground as long as there is internet. Its hard to "destroy" it.

that's right and I think they do not have the right to destroy the bitcoin because it has a lot to help around the world and for a long time it will bring a good future.

mokong11

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

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

Bitcoin is possible to destroy because its only a digital aspect of money you can not hold it only just see it by digital devices and the factors that can destroy it as all people say government can destroy it just like what korea do they ban bitcoin and no one can used it in their country. I think we can prevent bitcoin if more more people use it and more people and big companies support on it and invest to it thats the perfect thing I see to prevent bitcoin til future comes.

dificanovi

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bitcoin will not crumble easily, because bitcoin stands by sophisticated technology. one day bitcoin must be destroyed but it takes a very long time and possibly doomsday.
one that causes bitcoin to be destroyed ie the death of internet network and power failure.

AimHigh

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

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

I don't think so that bitcoin can destroy even the government they can't stop or destroy bitcoin because this is have a investor who are most powerful than them. Even they ban bitcoin in their country do you think no one of their country men didn't use bitcoin? The one thing that can distroy bitcoin if the developer shutdown all the hardware or server that connected in bitcoin so that is the possible thing to destroy or stop bitcoin.

rodskee

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

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

the possibility for the totally bitcoin and all crypto goes die if the world internet organization order by the world government organization to stopped internet operation go shutdown all system, in this way of idea bitcoin goes totally destroyed and die in the market. but this scenario are very impossible because only the world war can stop the internet operation and bitcoin operation as decentralized currency if all system of internet destroy by war.

Bitcoinnumberone

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Quote from: squatter on February 21, 2018, 10:01:14 PM

Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

Is it possible to destroy bitcoin?

No.

Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

What are the factors that can destroy it?

Destroying Bitcoin is impossible -- both physically and figuratively.

People could stop using it, and the blockchain would grind to a halt if all miners shut down. But Bitcoin wouldn't be "destroyed." At any time, miners could just pick up where they left off and the blockchain would continue.

Quote from: Jabiii on February 21, 2018, 09:47:13 PM

There is a chance that bitcoin could be destroyed if governments make a move to ban it.

Governments can discourage people from using Bitcoin. That's all.

I strongly believe that bitcoin cannot be easily destroyed. It is a established cryptocurrency like the others. It also undergo trending and it just so happen that at this time, bitcoin is in its downtrend but it doesn't mean that it will remain as ease.

Suharti12

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I have never thought about the destruction of bitcoin, maybe if all the countries around the world are united and simultaneously forbidding the bitcoin trade it might be destroying bitcoin, and I think it's not that easy, we can show positive properties for bitcoin so it does not happen .

Umkar

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Bitcoin is already almost impossible to destroy. There is no longer any chance that the governments of the whole world will unite to prohibit bitcoin, since it is already recognized by a large number of them and is marked as a revolutionary and promising form of financial calculations. Bitcoin can be destroyed only if people stop using it and use it. However, this is also very unlikely, since those who have already become acquainted with it and have had an opportunity to evaluate its functionality as crypto-currencies remain very high opinion about it.

Liza Soberano

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Quote from: Jabiii on February 21, 2018, 09:47:13 PM

There is a chance that bitcoin could be destroyed if governments make a move to ban it. We should support and never take advantage of it to preserve and protect it. Bitcoin is not recognized as a currency so it is not advisable and recommended by the government.

Yes anytime bitcoin can be destroy by the government but its not that easy to do. As many investor now in bitcoin I believe that they wont let it happen. If I were you I must enjoy using bitcoin as long as it was existing and just go with the flow of it. Maybe soon government will support bitcoin too. No one knows but its not bad to believe on it right? Just value everything that you have.

Charloz24

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Why do people get the idea that bitcoin is tiny? I do not understand(
Given the fall of bitcoin does not foretell troubles, just after the next fall, it managed to grow by 100%, so now there is just a small correction in the market and soon we will see its growth again! To the moon!

markint

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I must admit that I do not have enough technical knowledge to go into this, but there are certain references to the power that quantum computing would have to break practically any existing computer security protocol. While it is true that the technology that could carry out the creation of a computer equipment of such power is still at a very early stage and is merely theoretical, it could be a risk to take into account in the not too distant future.

Maxre

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bitcoin can never be destroyed unless there are no more enthusiasts in bitcoin.
when you have entered into the world of crypto you will you will already have entered in this addiction and madness Wink

RedzoneASE

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

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

The probability in bitcoin to declined or to be destroyed is less than one percent I guess. Seeing how strong the bitcoin standing for more than ten years. Impression with the positive standing of bitcoin is not erasable. Maybe it is one in a million if bitcoin goes down.

Elerntta

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Quote from: udivkx on February 22, 2018, 04:18:10 PM

Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

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

Bitcoin can be destroyed if the Internet is turned off around the world, if large investors are disappointed together in this coin and start selling it, if there is a more promising and perfect currency.

The first option sounds a bit naive, it has minimal chances of success. But the fact that large investors, such as a Satoshi Nakamoto, can sell their bitcoins is worth considering. And such currency as the ETH and XRP may be ahead of bitcoin in terms of capitalization.

kabelpeggek

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it could be, the main factor that can destroy bitcoin is the holder or the bitcoin user itself.
this is just a matter of trust, bitcoin can be like this now because everyone believes in bitcoin and makes bitcoin as their investment asset.
and one day, when everyone else no longer trusts bitcoin. automatic bitcoin will be destroyed by itself, because the trust of people to invest with bitcoin has been lost.

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