How to kill Bitcoin? - page 10. | Bitcointalksearch.org

carodupuis

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Quote from: Allura74 on November 21, 2017, 11:18:54 PM

Quote from: Mazda17 on November 21, 2017, 10:32:25 PM

Quote from: BettingTips on November 20, 2017, 03:22:32 PM

If you want to kill Bitcoin I think the only way to do that is cut off the internet all over the world. But to cut off the internet all over the world you must be the best hacker all around the world cause I've never seen anyone can do that before or maybe something will happen and cut off the internet for a short term like War.

A good opinion and I totally agree with your opinion.
Actually it is impossible to kill bitcoin because the work is related to the internet, automatically if you want to kill bitcoin must disconnect the internet first new bitcoin killed, not only bitcoin killed but office work work was also killed because most office services use the internet now.

No internet then no bitcoin that's right. Killing bitcoin must destroy first the blockchain system but it is hard to do that, even government cannot destroy bitcoin what they can do is to only regulate or prohibit the use of it in its respective country.

There is a statement often quoted about bitcoin, “You will not kill bitcoin until you demolish every single computer on this planet”. Thus we can easily understand that bitcoin have been progressing and you all know how flatly it is being prevailed all over the globe. You don’t worry, neither government nor any company or group of hackers can kill bitcoin, it will last for more and more years.

McKane

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IF PROBLEM WITH MY TRUST THEN BRING AN ESCROW.

Quote from: Bitinator on November 22, 2017, 11:12:48 AM

As long as every person invests individually in Bitcoin, Bitcoin will be strong if there is a small amount in every person, but if the internet is completely shut down all over the world, Bitcoin can be prevented. Even if this happens, Bitcoin can't be destroyed from the wallets.

bitcoins has high security framework and its one of the upside of bitcoins and in view of its high security millions of individuals utilize bitcoins fo each reason that’s why it’s practically difficult to kill bitcoins on the off chance that somebody set his psyche to kill bitcoins then he is squandering his chance on the grounds that bitcoins couldn't be killed.

Envrin

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Quote from: jonemil24 on November 16, 2017, 06:04:45 AM

I searched how to kill Bitcoin on the search box and saw nothing, so I'll just start a new one.

Is it true that miners are the one responsible for every transactions?
If yes; why didn't the government of China just ban cryptocurrency mining or am I just missing something out?

If there are no transactions or maybe just less than 10 made transaction happened within 24 hours, how will the mining computer work then?, will it just go idle?What if people decided to hodle their coins, will it be unfair for the miners?

Huh

Bitcoin can be killed by turning off the Internet all over the world or limiting it to strict government regulations)

Activitycoin

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Quote from: Laurayaki on November 22, 2017, 10:53:34 AM

To kill the bitcoin would require a really huge strike force, to possess hugely

I think it’s not easy to kill bitcoin because bitcoin is now very stable with high price in market and there is a very big support to bitcoin by countries and day by day countries are going to accept bitcoin so I think bitcoin know very well all challenges which will come in future to bitcoin so I believe no need to worry about anything and we must support bitcoin for its bright future because bitcoin is always trying to help us so it really change the life of thousands of people.

Samueltalk

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Everyone in this world can not kill bitcoin, maybe the one that forbids bitcoin obviously remains, I think bitcoin is created with blockchain so that no one can kill bitcoin.

jech1028

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Escalating Electricity Costs

Again, Bitcoin secures its network by requiring miners to perform PoW. PoW provides security because it costs a great deal of electricity to confirm a transaction.

A report on Motherboard recently calculated that the cost to verify 1 Bitcoin transaction is “as much electricity as the daily consumption of 1.6 American Households.” The article also notes the Bitcoin network may consume up to 14 Gigawatts of electricity by 2020 with a low estimate of 0.5GW.

wisdomcn

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There a simple way which lead Bitcoin to die is if all of the miners stop from mining or if transactions takes longer before being confirmed that will result to people loosing their trust on bitcoin and many investor will pull out. If such happens then bitcoin will die.

cloudbleron18

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Quote from: jonemil24 on November 16, 2017, 06:04:45 AM

I searched how to kill Bitcoin on the search box and saw nothing, so I'll just start a new one.

Is it true that miners are the one responsible for every transactions?
If yes; why didn't the government of China just ban cryptocurrency mining or am I just missing something out?

If there are no transactions or maybe just less than 10 made transaction happened within 24 hours, how will the mining computer work then?, will it just go idle?What if people decided to hodle their coins, will it be unfair for the miners?

Huh

theirs no reason to kill bitcoin otherwise theirs no one can kill bitcoin well if theirs someone who would like to kill bitcoin all i want to say is get loose! don"t fight bitcoin!

akram143

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Quote from: jonathan163 on November 22, 2017, 10:23:24 PM

i think no one can kill BTC,.
Ban BTC its a like you cant use your BTC but its already in there but you cant use them
i guest when internet its shutdown maybe but totaly not kill

Actually bitcoin ban also will kill bitcoin,if some country banned the bitcoin then buying and selling bitcoin in that country is illegal so people don't want to get arrested by doing that.This will decrease the demand for bitcoin in that country so this will effect a slight price fall in bitcoin.Let us assume most of the countries in the world banned bitcoin at same time the demand for bitcoin will lean so the price also will fall.If all countries banned bitcoin that menas they killed bitcoin.

Aryanto28

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Quote from: jonemil24 on November 16, 2017, 06:04:45 AM

I searched how to kill Bitcoin on the search box and saw nothing, so I'll just start a new one.

Is it true that miners are the one responsible for every transactions?
If yes; why didn't the government of China just ban cryptocurrency mining or am I just missing something out?

If there are no transactions or maybe just less than 10 made transaction happened within 24 hours, how will the mining computer work then?, will it just go idle?What if people decided to hodle their coins, will it be unfair for the miners?

Huh

What a bitcoin error on you so you want to kill it. you should let the bitcoin stay alive. So far, bitcoin helps a lot of people with bitcoin each person can find additional income and make the time we can use in the use of more useful things not wasted in vain. You should think again not to kill bitcoin. again too bitcoin too strong to be killed and will not be as easy as falling on your own.

percy_tc

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Quote from: yasuoWasakey99 on November 24, 2017, 08:19:01 AM

I do not think you can kill bitcoin an easy way maybe if you put out the internet all over the world than bitcoin would be killed easily but i do not think someone can do that to put internet off everywhere is impossible for one person to do.

There is radio frequency / morse codes etc. + hardware wallet in case of lack of internet.

yasuoWasakey99

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I do not think you can kill bitcoin an easy way maybe if you put out the internet all over the world than bitcoin would be killed easily but i do not think someone can do that to put internet off everywhere is impossible for one person to do.

Saifher

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Bitcoin can't be killed from the outside - as long as the community keeps supporting the project it will exist and thrive. The only way Bitcoin dies is if people stop running nodes and mining the coin altogether. Governments will try, banks will try but they will all fail.

lasry

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The big question is that is it possible to KILL BITCOIN?

For we all know bitcoin is a kind which is unregulated by global virtual currency not backed up by anything stabilized e.g market or the government that's why the price can even drop to half overnight making the currency very risky.

Despite of complications in bitcoin merchants even pursue this online currency , so is it possible to stop bitcoin? maybe not. As long as people keeps on advertising and supporting it will keep on .

katiecbell

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Quote from: shawn995 on November 16, 2017, 10:44:14 AM

Quote from: ledsgo on November 16, 2017, 10:33:48 AM

Quote from: Ucy on November 16, 2017, 07:33:18 AM

Exactly bro. Ledsgo probably hasn't heard of Lightening Network and other sweet & upcoming upgrades

Yes, it was the first time I heard about Lightening network and Atomic swap. After reading about it, it does look promising, I hope the community will agree on that one because something really needs to be done.

Thanks to TheQuin for that information

It is impossible to kill bitcoin because bitcoin is not controllable by any person or country and if any one want to try this then i think he can just waste his time just like we can see the example of china. They have tried to banned bitcoin but bitcoin will have no affect after banning bitcoin.

Bitcoin was based on a stage without national limits. If you want to kill bitcoin, it will be an impossible task. Thus, it will keep on existing. If no one is mining anymore, which is unlikely for now, you will actually destroy the bitcoin. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.Also governments can destroy bitcoin but it's not possible due to the popularity and power of the bitcoin.

jonathan163

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i think no one can kill BTC,.
Ban BTC its a like you cant use your BTC but its already in there but you cant use them
i guest when internet its shutdown maybe but totaly not kill

H1X360

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We need a coin with a lot of media backing as well as simply being a better version of bitcoins.
Easy to use, Scalability, easy to use... And did I mention easy to use? Bitcoin is nice and all, but try explaining bitcoins to your grandparents...

tamsak21

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I dont think that you can kill bitcoin. As long as people invests on it and continue to support it. It will continue to grow and grow.

maydna

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i don't think that people wants to kill bitcoin because bitcoin can give something benefits to them especially for making money on internet. if bitcoin don't have any benefits then bitcoin was disappeared from a long time ago but now more people realize that bitcoin can help their financial so they can reach their goals in their life. people can trying to earn money from bitcoin and they can collect from small piece until the amount become bigger so if they withdraw, they can make huge money.

priyankg3

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bitcoin is said to be so helpful and it is really a good thing that people may gain an extra income if they invest in bitcoin or other cryptocurrency coin. this is a future

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