How to kill Bitcoin? - page 14. | Bitcointalksearch.org

Mazda17

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Quote from: mark_salcedo618 on November 16, 2017, 05:24:03 AM

You can never kill bitcoin. This is continuously going up and never expect that it will go down as it is already introduced and used all around the world.

If one or a group say that bitcoin can be killed, well try it first and I will believe him/her or them

I agree with your opinion.
Although bitcoin has not been inaugurated by many countries but there are already many people who use it, so even though many people will not be able to kill bitcoin if it still gets more and more people use it every year.

lighpulsar07

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I don't think that there is an easier way to kill bitcoin but there are ways to kill bitcoin for example miners can kill bitcoin by just stoppage of miners to running their equipment to mine bitcoin in that way, transactions will not confirmed forever due no block mined unless the miners resumes the mining that's why miners role are very vital to bitcoin and also you can kill bitcoin if another altcoin can overtake the position of bitcoin.

Kiiti1

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Except you wanna destroy the internet.

JohnBitCo

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Quote from: bitbunnny on November 17, 2017, 10:46:06 AM

Killing Bitcoin? It's not that easy although there are some who would like this to happen. So many times I've heard that banks and governments are the worst enemy of Bitcoin and that they are trying to destroy it but that is actualy not true at all. The worst enemy of Bitcoin is Bitcoin community itself and too much greed and different interests it has accumulated so the worst damage to Bitcoin could be done from inside.

Yes, Bitcoin has no danger from outside world like banks or govt. institutions etc. The only thing which can damage bitcoin is the difference of opinion among the bitcoin community. Most of the times miners don't agree on going for a fork or not and half of the miners supporting one version of bitcoins and rest the others. This gives confusion in bitcoin as no one is clear on to support bitcoin or bitcoin cash for example. Such things if not settled now, can be very dangerous for bitcoin survival in future.

mast3rm1nd

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bitcoin can't exist if there is no internet so there you go! kill the internet and you'll kill lots of things among them is bitcoin.

n0ne

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What's the need to kill bitcoin, even if the entire people who at present using bitcoin stops it too bitcoin won't get affected. Because this keeps it circulation through some other means. It can be of through altcoins or through gambling or through illegal transactions usage which won't go out of usage anytime.

alani123

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Quote from: Theb on November 18, 2017, 09:48:18 AM

Bitcoin can be be possibly killed but it has more chances of being killed due to an external factor rather internally. External factors are threats that Bitcoin or any users of it cannot be avoided at one external factor I see killing Bitcoin is our world government where all of the nations unite to stop and ban all the related websites to Bitcoin and also the wallet providers for it, with that kind of move Bitcoin will be valueless.

Banning centralized services though the web wouldn't exactly have much of an effect on bitcoin's function. Perhaps some use cases would be impared but still people could download bircoin wallets through the TOR network where censorship is as hard as tracking down physical servers.

stompix

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Quote from: TheQuin on November 16, 2017, 08:59:56 AM

Quote from: asdlolciterquit on November 16, 2017, 08:55:26 AM

Quote from: TheQuin on November 16, 2017, 06:25:49 AM

..
Exactly the same number of transactions as it does now.
...

how is it possible? Only 3 miners will mean a lot less block, and less block will be less transactions. How can be no difference?

You really need to do some research and find out how Bitcoin works. For someone with a 2013 Hero account, I'm very surprised you don't know the basics. The difficulty of finding a block is calculated to always keep block generation constant at 6 blocks per hour. If there is less hashpower on the network then difficulty will be reduced and the same number of blocks will be found. That is just the opposite of what happens everytime miners add more hashpower, the difficulty goes up and the same number of blocks are found.

Edit:
Trust summary for asdlolciterquit

This user's password was reset recently.

This user's email address was changed recently.

Oh, you bought the account that explains it.

Hihi, seems like you're wrong about him, his English was bad even in 2014, and that makes things even worse when taking into consideration he hasn't spent at least one hour to understand how bitcoin works in 3 damn years.

Quote from: smauni on November 18, 2017, 09:43:26 AM

Nobody can ever kill Bitcoin. I heard that many tried to kill Bitcoin but they could not.

Never heard of somebody trying to kill bitcoin, can you give an example?

Quote from: LETme on November 17, 2017, 10:57:37 AM

Bitcoin can be killed by the one who created it or bitcoin can be killed if every countries government control bitcoin or if they change the form of method from decentralized to centralized mode.

No it can't. Satoshi holds no special powers nor does he have a "self destruct" button available.

Quote from: mOgliE on November 17, 2017, 10:47:39 AM

Actually, the most effective way I can think about in order to kill bitcoin, would be a worldwide legal arrangement settling mining and transfer illegal. Bitcoin would still exist, but no new would be created and people owning it would be completely unable to use it.

No, that's not the way to kill bitcoin, it's just a way of stopping it temporarily.
Once internet is up again bitcoin will revive.
And if the "evil government" wants to keep internet down forever we could easily find a solution to transmit data in another way.
Decentralized network model for example.

Theb

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Bitcoin can be be possibly killed but it has more chances of being killed due to an external factor rather internally. External factors are threats that Bitcoin or any users of it cannot be avoided at one external factor I see killing Bitcoin is our world government where all of the nations unite to stop and ban all the related websites to Bitcoin and also the wallet providers for it, with that kind of move Bitcoin will be valueless.

smauni

copper member

Activity: 484

Merit: 110

Nobody can ever kill Bitcoin. I heard that many tried to kill Bitcoin but they could not. Actually nobody can. Because there are so many users today. Many thousands of people love Bitcoin. They are dependent on Bitcoin. Those who want to kill Bitcoin, I think they have mental problems. Because nobody wants to kill such a good thing.

Shannykhan44

newbie

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In order to truly destroy Bitcoin an attacker would have to destroy every copy of the Bitcoin blockchain. With tens of thousands of copies of the Bitcoin blockchain stored across the global many believe the only way to do this is global nuclear war. Angry

While the Electromagnetic Pulse (EMP) and subsequent fireball would wipe many hard drives clean there are undoubtedly a number of copies of the blockchain stored in Faraday Cages and safes that would be protected from the EMP. Shocked

So its means it is not possible to Kill Bitcoin....

arlinxoha

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I do not understand why people want to kill Bitcoin? Bitcoin is worse? I'm not seeing any bad side of Bitcoin because it has helped many people. Because of this, people can earn extra income. I have met are appreciated by using BTC. It has made many people self-reliant. Anyway, I think nobody will ever kill Bitcoin. It will be alive for many days.

PepperaOnIt

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Activity: 266

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bitcoin will be killed if all people will not use it. and if all the countries make it ban in their home so no one can make transaction. bitcoin will not die because nowadays this bitcoin has reach the highest price it has. this is very famous in internet by making money with some of the wise internet users who needs money so it will become more and more famous in each day.

laundasucks

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Bitcoin can't be killed.. Many have tried, many are trying.. Many will try and many will fail.

kriticko29

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Why would you want to kill bitcoin ? Bitcoin is a gift in which we are all living in the same world. When it comes to tradings there are no rich or poor that would make differences.

LETme

member

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Bitcoin can be killed by the one who created it or bitcoin can be killed if every countries government control bitcoin or if they change the form of method from decentralized to centralized mode.

mOgliE

legendary

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It is quite original to search how to kill bitcoin on such forum!

The most simple way to kill bitcoin that comes to my mind is, of course, a complete stop of Internet and all related technologies. A worldwide shutdown. No electricty, no bitcoin.

That is quite easy and quite useless as an answer at the same time Grin

Actually, the most effective way I can think about in order to kill bitcoin, would be a worldwide legal arrangement settling mining and transfer illegal. Bitcoin would still exist, but no new would be created and people owning it would be completely unable to use it.

However, governments are completely unable to find a sustainable agreement that all countries agree to and stick to. So regarding such a fast-changing technology, I think we have nothing to fear!

Plus, they do not especially care I guess.

bitbunnny

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Killing Bitcoin? It's not that easy although there are some who would like this to happen. So many times I've heard that banks and governments are the worst enemy of Bitcoin and that they are trying to destroy it but that is actualy not true at all. The worst enemy of Bitcoin is Bitcoin community itself and too much greed and different interests it has accumulated so the worst damage to Bitcoin could be done from inside.

CryptoLD

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Activity: 65

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Just let it go for a few years and let people realize how useful it is to wait hours to confirm a transaction!
Definitly Bitcoin will not stay first forever.

whitemacna

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Activity: 123

Merit: 10

i dont have an idea to kill bitcoin...

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