Topic: How to kill Bitcoin? - page 7. (Read 3127 times)
Why kill bitcoin if it brings profit to us? Only if you are touched by the heart of some unsuccessful transactions, you can conceive of malice, but it happens, errors occur.
Stop do btc also ask all people to stop.to btc so btc.can be die
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?
No in practical it is not possible because btc came as a result of hard mathematical calculation of different computation algorithm.The only thing which can kill is the shutting down of internet in the world which seems not to be possible so same is the killing of btc which is not possible.
In this scenario Bitcoin will be killed because:
- Man has been killed and every human being left behind will not have electricity or internet to run Bitcoin.
- Attacker must destroy every copy of Bitcoin block. with tens of thousands of copies of Bitcoin blocks are stored worldwide,
- Electromagnetic Pulse (EMP) and the next fireball will be issued a lot the hard drive is clean, no doubt there are a number of copies of the
stored blocks in Coop Faraday and a safe that will be protected from EMP.
- Man has been killed and every human being left behind will not have electricity or internet to run Bitcoin.
- Attacker must destroy every copy of Bitcoin block. with tens of thousands of copies of Bitcoin blocks are stored worldwide,
- Electromagnetic Pulse (EMP) and the next fireball will be issued a lot the hard drive is clean, no doubt there are a number of copies of the
stored blocks in Coop Faraday and a safe that will be protected from EMP.
The beauty of Bitcoin, and blockchains in general, is their decentralized nature. Thousands of full nodes across the world store the immutable Bitcoin blockchain on their own local disk space. The current size of Bitcoin’s blockchain is about 155 GB allowing it to easily fit on the harddrive of any computer made in the last 4 years.
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 globe many believe the only way to do this is global nuclear war. 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.
Essentially, in this scenario Bitcoin would be killed because, well, humanity has been killed. Any humans left would not have the electricity or internet to run Bitcoin and honestly would have much bigger problems than needing digital money.
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 globe many believe the only way to do this is global nuclear war. 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.
Essentially, in this scenario Bitcoin would be killed because, well, humanity has been killed. Any humans left would not have the electricity or internet to run Bitcoin and honestly would have much bigger problems than needing digital money.
You cannot kill bitcoin, it is too big right now and keeps growing. 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.
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?
It can survive as long as there are three nodes mining. And i think that whatever you do to stop it, even if the government ban it, it will still function as it is, it will just slow down but it will never stop. And why would you want to kill it? I think it is the currency of the future. It offers a lot of opportunity to earn for everyone.
For bitcoin to become a currency in the future, I think it is very difficult, requiring developers to develop more applications that meet the needs of people, and everyone must know how to use computers, all Countries must have internet. and some countries want to destroy the bitcoin because they think bitcoin is a haven for criminals, doing money laundering. 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?
what do you mean by killing bitcoin? please explain in more detail
and for mining, you can find more information on the mining board in this forum. you can exchange information about all matters pertaining to mining.
It can survive as long as there are three nodes mining. And i think that whatever you do to stop it, even if the government ban it, it will still function as it is, it will just slow down but it will never stop. And why would you want to kill it? I think it is the currency of the future. It offers a lot of opportunity to earn for everyone.
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?
Try to study the concept of block chain algorithm and how miners are capable of every transactions that's being made on the exchangers. Even if china will ban miners on their area, cryptocurrency will still circulate because of the countless miners on other countries.
Difficult to completely kill it, but the connection between crypto exchanges and banks can be severed by governments which will essentially kill it for most mainstream users. The key is the larger markets like China, US, Japan, UK, Germany. If these key countries simply declare through legislation that banks can no longer hold fiat accounts for crypto exchanges, that will essentially cut most 'normal' people from changing fiat into crypto. Most normal users aren't willing to fly abroad to open crypto accounts in countries that don't have those kind of laws. Plenty of people will, but by and large, most people aren't willing to invest the time or capital to do so.
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?
What makes us have to kill bitcoin, while the bitcoin potential is very good to help the number of unemployed in every country in order to earn an extra income for their life, if anyone intends to it, chances are the person is crazy !!!
A good opinion and I agree with your opinion, bitcoin will not be killed unless they themselves disable bitcoin or just people who intend to kill it must kill the internet network first to make sure bitcoin is killed, but in a sense people who want to kill bitcoin like people crazy services let alone bitcoin has begun worldwide now.
Early in the history of Bitcoin an error in the code was exploited so that someone forged 92 billion bitcoins. The problem was an overflow error allowing someone to essentially create Bitcoin out of thin air.
Numerous countries have already tried and failed to ban Bitcoin. The internet is a very difficult thing to censor, especially when fighting against intelligent and motivated geeks. With the use of a VPN people have been able to get around government bans in different countries.
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?
Cut off the miners. With out bitcoins going into the blockchain, then supplies won't last long since bitcoins will eventually get lost due to neglect. We only have a small amount of bitcoins left in our total supply and cutting of the main producers would eventually kill bitcoins.
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?
I think the only "possible" way to kill bitcoin is to kill internet worldwide. (An impossible thing because countryies economy is based on internet right now and banning Internet is a suicide)
But the transactions would take more time to complete with less miners operating, right?
So the transactions costs would be extremely high, making many people search for alternative currencies to execute their transactions.
This way Bitcoin would become useless, losing demand and price.
Another way to kill Bitcoin besides ending internet it's by "killing" the demand. Making Bitcoin looks uninteresting for many investors.
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?
1. Will disconnect the Internet around the world
2. Satoshi Nakamoto will appear and will make sure that bitcoin no longer exists
3. All the major holders of bitcoins will start to sell their bitcoins
4. There will be a more promising and perfect digital currency, which will replace bitcoin.
Yes, that’s right. And the only thing that you’re pointing out in your sayings is Bitcoin will never be killed. Internet is part of our lives as a millenial and We cannot work properly because of lack of internet connection in our studies, work, etc. And i know that there’s no government will disable the internet in their country. If the internet is existing, Bitcoin will also exists. And there’s no one can kill of it.
Jump to: