Topic: Bitcoin IS basically DESTROYED - page 3. (Read 47245 times)
The title of this thread I think is misleading, How come that bitcoin is dead? the present price value was 1310$ is this what you called that Bitcoin is dead? I don't think its dead, in fact, many are getting more interest unto it to adopt the system of bitcoin.
It's just time for other powers to get heavier involvement. I doubt major powers such as Russia or the USA would simply let China centralize BTC. It has deeper roots in our companies than that. Maybe, they're just waiting when to send some packages to Chineese miners 
USA joined the rally already if you know the news about them making coinbase audit all the transactions made from the past years, it is just showing that they are interested to bitcoin. And as far as I know, Russia is near to acceptance to bitcoin.Its been nearly one year to the start of this topic till now Bitcoin is living and its been living prosperously. USA, Russia, Japan and many other strong technological countries are showing more interest in BTC and trying experiments socially. BTC will definitely live for at least 10 more years.
It's just time for other powers to get heavier involvement. I doubt major powers such as Russia or the USA would simply let China centralize BTC. It has deeper roots in our companies than that. Maybe, they're just waiting when to send some packages to Chineese miners
USA joined the rally already if you know the news about them making coinbase audit all the transactions made from the past years, it is just showing that they are interested to bitcoin. And as far as I know, Russia is near to acceptance to bitcoin. 
The news from OP posted in may 2016, is already a year gone and bitcoin is able to prove itself to always be able to get through the shock, a lot of up and down movements over the past year, and it's proven that level of confidence in bitcoin is still high. Don't always corner miners out of china because so far we are also enjoying it very fair, If bitcoin unlimited controls the current cryptocurrency you can blame it for destroying decentralization.
Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.
The entire ecosystem is headed for a clusterfuck.
The entire ecosystem is headed for a clusterfuck.
I honestly believe this is the truth. What is there to add ?
~CfA~
What is there to add? How much you're shorting the market.
Honey badger doesn't care regardless.
Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.
The entire ecosystem is headed for a clusterfuck.
The entire ecosystem is headed for a clusterfuck.
I honestly believe this is the truth. What is there to add ?
~CfA~
What is there to add? How much you're shorting the market.
It's just time for other powers to get heavier involvement. I doubt major powers such as Russia or the USA would simply let China centralize BTC. It has deeper roots in our companies than that. Maybe, they're just waiting when to send some packages to Chineese miners
Comedy gold silver bronze.
BTC $1362.00 BTC
BTC $1362.00 BTC
I think nah, bitcoin can't be destroyed... Because bitcoin life is depends at the people when no more people are holding bitcoin then the bitcoin will destroyed. but as long as bitcoin is not yet in that it will not destroyed and that is beyond impossible too.
I think the bitcoin will evolve. When the Bitcoin size is increased further, it will attract more users and it will be improved again.
Bitcoin is no destroyed lol, or if you think so, there are hundreds of different blockchain.
The miners are only a part of the bitcoin network. Yes, there is a large concentration of mining in China but most of the bitcoin users are distributed around the world diversely. We all have a say....if we don't like the direction the platform is heading, all we have to do is relocate our holdings into an alternative platform which will motivate the miners to pay attention to the concerns of the rest of the community.
Bitcoin will never be destroy ever, because of decentralization. It's not because they owned the biggest average percentage of mining network it doesn't mean they are able to control bitcoin, of course not! and besides China is the only country owning the mining network in the whole world. Bitcoin will be destroy only if decentralization will be gone into the features of bitcoin. That's only in my point of view 
Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.
The entire ecosystem is headed for a clusterfuck.
The entire ecosystem is headed for a clusterfuck.
I honestly believe this is the truth. What is there to add ?
~CfA~
These Chinese people really wants to conquer all things that includes money.
They are really greedy, anywhere that there is money they come into it.
Still they wanted to own it,though there was already a talk between the government and they were both allowed to go there without harassment or attcks ,but still they want to own something not for them,hoping for bitcoin to last long and be profitable for every nation.
Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.
The entire ecosystem is headed for a clusterfuck.
The entire ecosystem is headed for a clusterfuck.
I honestly believe this is the truth. What is there to add ?
~CfA~
Hey I think I'm related to the guy you quoted.
Quote from: http://trilema.com/2013/things-that-matter-these-days-things-that-dont-matter-these-days/
What you probably don't know already is that a good chunk of the recent hashpower coming online is actually a taxpayer funded adventure. A good chunk of the recent hashpower is split roughly evenly between the Chinese and the US government. There might be a third player in there but I can't discern. I can't tell which of the two is actually ahead, it seems to oscillate on a three week period. But in either case, the race is on : the governments are mining, boys and girls.
I doubt if just the fall in prices(dump) does automatically indicates that Bitcoin is destroyed. Doomsayers are always preemptive and are always proven wrong at the end of the day. Bitcoin dumps rather strengthens it and show its tenacity to withstand market pressure and negativism and so I don't see where the OP and some contributors are coming from? Bitcoin will never get destroyed because it's getting global acceptance and it's usage is extending to new jurisdictions by the day.
The miners are only a part of the bitcoin network. Yes, there is a large concentration of mining in China but most of the bitcoin users are distributed around the world diversely. We all have a say....if we don't like the direction the platform is heading, all we have to do is relocate our holdings into an alternative platform which will motivate the miners to pay attention to the concerns of the rest of the community.
Bitcoin will never be destroy ever, because of decentralization. It's not because they owned the biggest average percentage of mining network it doesn't mean they are able to control bitcoin, of course not! and besides China is the only country owning the mining network in the whole world. Bitcoin will be destroy only if decentralization will be gone into the features of bitcoin. That's only in my point of view Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.
The entire ecosystem is headed for a clusterfuck.
The entire ecosystem is headed for a clusterfuck.
I honestly believe this is the truth. What is there to add ?
~CfA~
These Chinese people really wants to conquer all things that includes money.
They are really greedy, anywhere that there is money they come into it.
I think nah, bitcoin can't be destroyed... Because bitcoin life is depends at the people when no more people are holding bitcoin then the bitcoin will destroyed. but as long as bitcoin is not yet in that it will not destroyed and that is beyond impossible too.
Bitcoin can be destroyed after all it is only a code. But it can be redeemed or recovered or recreated. Anything that is created by human can be destroyed either by the same group that build and develop it or the jealous people not wanting Bitcoin to grow. Either way I am sure that developer will always take care of Bitcoin and make sure that it is in good condition.
Yes, I agree - you can destroy everything. But to destroy bitcoin makes no sense, since many will suffer losses.
Even China has no strong power over bitcoin and will not be able to destroy this unique system
I think nah, bitcoin can't be destroyed... Because bitcoin life is depends at the people when no more people are holding bitcoin then the bitcoin will destroyed. but as long as bitcoin is not yet in that it will not destroyed and that is beyond impossible too.
Bitcoin can be destroyed after all it is only a code. But it can be redeemed or recovered or recreated. Anything that is created by human can be destroyed either by the same group that build and develop it or the jealous people not wanting Bitcoin to grow. Either way I am sure that developer will always take care of Bitcoin and make sure that it is in good condition.
How can it be destroyed when their is a lot of bitcoin enthusiast here? It will be destroyed if no one is using it and has 0 price. Although their is a significant price dip in the market because of several parameters, I doubt it can destroyed bitcoin as a cryptocurrency. This is just another bumps along that we need to face all along, but I believe we have get over with it.
Bitcoin wouldn't be destroy as long as there are people who believes into bitcoin, patronizing it continuously, and giving it a value also. and if the price value is getting drain into zero, but thats not what is happening in the actual moment of time now. Moreover there are other investors are investing into bitcoin maybe its because it is trend nowadays.
bitcoin is not going to destroy in any case, hope that it will continue as number one currency of the world. and very soon we will able to see bitcoin a regualr currency and will be accepted by all the people of the world. Jump to: