Topic: How to kill Bitcoin? - page 5. (Read 3158 times)

Maybe you can spend huge sums of money to buy or rent a large number of mining machines, which exceeds 51% of the total power and create a 51% attack. This can tamper with block data and create double flowers, leading to a burst of trust in Bitcoin. But this is not realistic.

My own guess is that there will always be some bitcoin miners in some part of the world irrespective of any situation surrounding its availability. There is no point in trying to kill bitcoin. If you cannot beat them, you join them

There is no way to kill bitcoin, it has been attacked for 10 years but it still exists, still growing and no one can harm it.

From this perspective, perhaps the surest way to kill Bitcoin would be to stop challenging it. However, in a world of fiercely competing currencies— fiat, altcoins, and precious metals—such destructive tranquility seems unlikely. For the foreseeable future, anticipate further attacks and “ Bitcoin is dead!

I'm not against BTC at all, I have my personal investments in it. I'd like to see it as a wide-spread and recognized currency of the world but not only a speculative asset. But I see some serious problems and disbalances that hinders BTC practical use. They should be resolved. 

Are you certain that you came to the right place to discuss your queries? I don't think you are in the right forum. We are here to discuss why it is banned in some countries, not why it isn't. We are here to support the Bitcoins along with the other crypto currencies. I would love to know why you are against it.

As a payment tool and alternative currency, BTC is killed already because of its extreme volatility and speculative nature. But as an investment asset and cryptomarket benchmark, it is still far from to be killed.

I guess it depends on what do you mean when saying "to kill Bitcoin". Any whale like MTgox can sell all his assets to drop the price to 4000-5000$, making btc mining unprofitable.

People are  trying to stop bitcoins by spreading negative news about it. It has failed to work for last 8 years.

This is something I don't really think much about, because why do I have to think it's death if it has helped a lot of people and the community. It's existence is a breakthrough and gladly it opens doors of opportunities for all. If there's something that can kill it, it would be us, our negativity, actions, thoughts, and bad intentions.

Bitcoin can not be killed unless the global internet is killed. Once internet gets back online, obviously Bitcoin will just resume to normal. Basically, there is no way to kill Bitcoin to be honest.

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.

Killing bitcoin? I thinks there is no one can kill the bitcoin, the only person who can stop this is the developer which is he can't do that because he'll have an income on it, why do you want to kill bitcoin? there is a lot of people has an income because of this and then you want to stop? is the government can give the right salary that can be salary like bitcoin? I guess not.

Mining hardware's are responsible for every transaction in the block chain and that's the reason why sometimes there are slow transactions because you are paying an amount of cryptocurrency depending on the speed of transaction you prefer.

This is not a good idea when you kill bitcoin or kill it bitcoin will make it all people or bitcoin so it's not a good idea and where every coin holder has lost all of their coins Something like this but it's less beautiful when someone breaks it in bitcoin.

I don't really know why you come up with this idea to kill bitcoin. Did somebody introduce you bitcoin when it was 1$ only and you missed to invest on it? Well, i think it's not yet too late to invest because bitcoin has still more room to grow.

bitcoin has existed in all the bad rumors and many times when it was bombarded with negative comments, banned from use ... and shows us bitcoin has existed for over 10 because it is secure, Strong security, and used by many people in the world, so in bitcoin can not be destroyed.

Bitcoin them is the central administrator and any kind of management by the people that turns into a significant advantage for the user. And for you it is a plus or a minus ?.

Take a look at how bitcoin have survived all of those times when it was bombarded with negative comments, banning, etc. which is causing it to drop on its knees and yet see how it stood up against challenges. So to kill it, maybe you have to kill all the users or go on hacking the entire network delete bitcoin records and maybe you can succeed. But why should we kill bitcoin by the way? Is a good invention not worth saving? I am a bitcoin lover and I don't want it destroyed, apologies I'm not into it.

This is not a very complicated question. FIATS, gold, other form of currencies, and every coin that make up the cryptocurrencies including the BTC, is nothing more than the result of a global consensus in terms of what and where each of these things got the value they have from. The only difference would be when were each of these "items" introduced, because the older it got that global consensus from the time of its onset, it means it is already implanted in the thoughts of many generations, just like gold. For the BTC which is new, compared to the rest, it is also safe to say that part of its value comes from a global consensus, because if the world, as a whole deem it as something that has no value, then by that moment no one would be interested in it whatsoever. Who would buy something that no one is interested with because it has no value? So the answer to your question would be, the same thing that gave value to the btc which is global consensus. Imagine if the entire world decided to ban btc, with not a single country, nation, or government in the planet that acts as a sanctuary for btc, meaning, every nation comes to a global consensus that the btc is banned. By that time, and if it happens, the bitcoin would be illegal, and die out eventually. In the reality we are living in at the moment, the btc is both illegal and legal in a global context, and if we put specific nations under a microscope, you would be able to see that the global context comes from specific nations who either has the btc banned or not. It is as simple as that. The factors leading to a global consensus to ban the btc are the things you should ask. Like, a sudden collapse of the entire crypto realm, related to a cyber attack, wherein each coin holder losses all their coins. Something like that.