Bitcoins is indestructible - page 2.

Xester

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Quote from: TastyChillySauce00 on July 21, 2016, 03:34:12 AM

the method which mentioned in the article above is not literally destroying bitcoin,it's just make the bitcoin have no owners and the bitcoin is still exist,
even though the purpose is almost the same,to make bitcoin lost,but it's still slightly different
the article creator should being honest when writing

Haha that article was funny. Well i selected this post to qoute since it is similar to mine. Destroying bitcoin takes a lot more than just burning btc as the article said. The only way to destroy bitcoins is to deflate its value to zero then bitcoins economy is down. The second is the government will banned the use of bitcoins and users who will be guilty of such charges will be put to death, then no one will use bitcoin and it will be bitcoins death.

jhenfelipe

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Well, it's not on my plan to destroy bitcoin but due to curiosity I read the article. Here's my say: If you have bitcoin, especially when you really make an effort for you to have it, why would you waste it in the first place, right?

Quote

Sending bitcoins to a bogus address (an address with no known private key) is an easy way to burn bitcoins.

No owner of bitcoin will do this intentionally in my opinion unless that person is: 1) not serious about bitcoin, 2) not thinking about the hard work/money that he invested into it, 3) Not believing that bitcoin will succeed, 4) thinking that bitcoin is worthless etc.

mishra1994

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Quote from: Edwardard on July 21, 2016, 03:29:44 AM

bitcoin can only be destroyed if miners stop mining because miners validate every transaction, but if all the miners stop mining, then our transaction will never get confirmed and lastly btc will get destroyed. other things can fluctuate the price of btc, high or low, but cannot destroy btc. btw, the first step that is written in the article is very funny: "send btc to a random address and burn btc". lol. you made my day.

Yes bitcoin can not be destroyed by any means . Yes they can be worthless but still they will exist.
And yes those steps were quiet funny.Who will send the btc to any random address why would anyone do it.Writer was in a funny mood in think when writing that article.

Das

sr. member

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The guy will simply be wasting his cash. Because he has to first of all buy the bitcoins with his money, then send them to a random address. Even if he buys 20M btc and "burns" them, what will happen is that, the price of 1 satoshi will probably rise to like $1000 or something to make up for all the lost coins.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

the method which mentioned in the article above is not literally destroying bitcoin,it's just make the bitcoin have no owners and the bitcoin is still exist,
even though the purpose is almost the same,to make bitcoin lost,but it's still slightly different
the article creator should being honest when writing

Edwardard

hero member

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bitcoin can only be destroyed if miners stop mining because miners validate every transaction, but if all the miners stop mining, then our transaction will never get confirmed and lastly btc will get destroyed. other things can fluctuate the price of btc, high or low, but cannot destroy btc. btw, the first step that is written in the article is very funny: "send btc to a random address and burn btc". lol. you made my day.

groll

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https://medium.com/@alcio/how-to-destroy-bitcoins-255bb6f2142e#.3nrw5maq6

This article has captured my attention it said that there are ways to destroy bitcoin he further mentioned three steps to destroy bitcoins. But for me this all three steps will result to nothing and it will not bury bitcoin into the ground. Volumes of large bitcoin stock has already experienced the three ways he mentioned but it is still alive today. So i will say bitcoin will keep kicking for 260 years.

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