No one controls the web.and its certainly hard for someone to shutdown the server just to wiped out bitcoin on web.however if the goverment step in It will be a different story.
Once the goverment decided to disable bitcoin.theres no way we can do about it. They will just make a protocol under their jurisdiction to ban people and company to hold, buy and sell bitcoin it means no matter how much bitcoin you made you havent made a dime until you've cashed it out.it will just end up useless. I hope those type of situation would not be happen in real life.
Topic: How do you think bitcoin will be wiped out? - page 4. (Read 1467 times)
yeah how else might bitcoin be eliminated for the disadvantage of the state, we as good citizens we have to submit to our government so that our country becomes advanced.
I wouldn't be wiped out. As time passes bitcoin already built its foundation in many countries so we can say that it can withstand the struggles to come.
maybe some people will lose their jobs, because I myself depend on this bitcoin
and many will have no job and no income
and many will have no job and no income
If this bitcoin will be wiped out all bitcoiners will go back to its original life when they didn't even no what is bitcoin. This bitcoin play's a important role in my life without this i woulnot be able to help my family interms of financial needs.
But i know this bitcoin will never be wipedout, because this crytocurrency has a big potencial and maybe become our major currnecy, it is because theres an internet.
But i know this bitcoin will never be wipedout, because this crytocurrency has a big potencial and maybe become our major currnecy, it is because theres an internet.
It seems like everything is not possible, basically the answer from everyone will get the same answer.It takes to turn off the internet forever.Maybe we will lose our money.
They would need to turn off the internet forever, so basicaly impossible now. If they were to crack down on any particular coins new ones would be created within hours. Just like what you saw with silk road only its even easier to create crypto coins. Pandora's box is open nothing can stop the crypto idea.
The internet theory won't be happen anyway. The only thing can be is that bitcoin's technical problems like slow transactions or not getting confirmations from the nodes. This would be wiping out force for bitcoin.
It is not going to happen.There are various alternative options like improving technology brings new features to blockchain.
What do you mean by wiped out? That Bitcoin will disappear? I don't beleive this is going to happen. The value can drop down but it will not be wiped out. It's very established by now and can't be gone over night, not without some terribly good reason or even disaster. Bitcoin and cryptocurrencies are the future and in the few years time they will be inevitable.
They would need to turn off the internet forever, so basicaly impossible now. If they were to crack down on any particular coins new ones would be created within hours. Just like what you saw with silk road only its even easier to create crypto coins. Pandora's box is open nothing can stop the crypto idea.
The internet theory won't be happen anyway. The only thing can be is that bitcoin's technical problems like slow transactions or not getting confirmations from the nodes. This would be wiping out force for bitcoin.
In all honesty..the only thing that would wipe out bitcoin is to make it illegal. But even then, how would one enforce this? Blockchains are peer to peer meaning the internet essentially runs is. Are you going to shut down your entire countries internet/ PC base? I could only see anything like this happening if certain oligarchs managed to lobby enough..but again enforcement. I love the hypothetical question though.
I really wonder how and what will happen if bitcoin will be wiped out. What will happen to cryptocurrency, bitcoiners, and other altcoins if bitcoin is gone...?? 
Physically destroy bitcoin will not work. To do this, you must delete all nodes, which is very difficult.Bitcoin can be destroyed by itself over time. I will explain: bitcoin is obsolete, accordingly slow, with huge commissions. Its value is too high. At some point its price will average and stop growing. Competets (for example Ethereum) are cheaper, more promising, faster, and thus sooner or later they can displace bitcoin.
this is not useful discussion, bitcoin happen because internet exist, internet exist because satellite & electrify, and many more.
so there nothing to discuss.
so there nothing to discuss.
Bitcoin is banned and new internet protocol is introduced for security reasons that allows new international internet governing body to block unauthorized encrypted data and any packets having to do with cryptos. Basically they will require a license to transmit encrypted data and no packets will move without such a license. Done. Would solve proplems with terrorist organization communications as well so it’s only a matter of time.
You can wipe out all the BTC by turning internet off forever, or if all the users of bitcoin lose all their coins. Two possibilites that are very much impossible to happen in my oppinion. If all world bans BTC, then it would be sort of wiped out, but I surely believe that even than, it would be in use with some people.
I think too far to think about the loss of bitcoin, because now bitcoin has become a necessity in terms of investment or trade. Any possible way will be done to maintain the existence of bitcoin. If bitcoin were to disappear, maybe for a while cryptocurrency trade would move to ALTCOIN-USD, ALTCOIN-ETH before finding new PARENT as a reference.
I don't think it can be wiped out completely. It can be crippled severely though. We've seen what happened with China. It's decentralized and it's anonymous, but countries can still have an adverse effect by targetting exchanges. Can you imagine how much Bitcoin value will plummet if Japan and US starts going after exchanges? I'm not saying it will happen, and it likely never will, since both countries seem to be completely open to cryptocurrencies. Still, it's something to think about.
If Bitcoin is removed. So, we bitcoin holders may lose a lot of money. But in my opinion, there will be stronger coins appear before Bitcoin is swept away
There are concepts to other altcoins that whenever it was used or unused for a long time they will burned out or other will self destruct. Bitcoin is unique among them, it can't be wipe-out or destruct, as long as it is safely stored on a hardware wallet, as long as their are internet connections bitcoin is still alive and even government or CIA can not control of it or destroy, bitcoin is unstoppable and immortal.
In order for bitcoins and other crypto currencies to disappear, you need to disconnect the Internet or make users lose interest in them. But now it will not be profitable for anyone and you can not panic.
I really wonder how and what will happen if bitcoin will be wiped out. What will happen to cryptocurrency, bitcoiners, and other altcoins if bitcoin is gone...??
surely bitcoin will someday be "wiped out" just like any other older technology was wiped out. for example like how old forms of currency is wiped out now. you don't go to a store and offer then "rice" in return for groceries for example
that no longer exists. and bitcoin will no longer exist in many years in the future when it is replaced by something better by inventors of 100 years from now!
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