Is there any way to destroy the bitcoin?

sneeze11

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Quote from: MadScienceSocks on October 23, 2017, 10:38:14 AM

Is there any way to destroy the bitcoin? Not to hack or fake it but completely destroy the system.

I think there's no way to destroy bitcoin because it is so secured and there are so many person that are always chrcking if there's someone trying to destroy it. Just like what other said even government can't control bitcoin because it's have a block chain that is hard to hack.

nara1892

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all countries in the world must work together to make negative news or other issues about bitcoin, control over 50% of the mining network, it will make many people panic, and at the same time make an alternative to bitcoin (not altcoin I mean) made by each country so many bitcoin users are beginning to switch and follow the government
it will destroy bitcoin slowly and continuously, because bitcoin is built from the belief of society, we just need to get rid of that trust

but is that possible? almost never will happen

378budiman

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It is very difficult to destroy bitcoin. The thought of destroying bitcoin by hacking the block chain is the essence of cryptocurrency like bitcoin is not easy because blockchain is designed with high security systems and even the government can not control it.

Captain Sneeze

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Quote from: MadScienceSocks on October 23, 2017, 10:38:14 AM

Is there any way to destroy the bitcoin? Not to hack or fake it but completely destroy the system.

I think yes there's a way to destroy bitcoin especially are the banks, because banks don't want bitcoin and they are hated bitcoin. And maybe that would be their clients or investors because the client of the company is their life and the reasons why they are still survive.

palvinta

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Quote from: MadScienceSocks on October 23, 2017, 10:38:14 AM

Is there any way to destroy the bitcoin? Not to hack or fake it but completely destroy the system.

In Bitcoin there is a sophisticated technology that I think cannot be destroyed except what makes Bitcoin want to shut it all down. Bitcoin can be destroyed if in this world there is no more internet network. Because of access to Bitcoin, of course, there must be internet flowing. If the internet is stopped automatically Bitcoin will also just die.

Question123

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The only way to destroy bitcoin is if all people are sell their bitcoin the price become zero. But I don't hacking or anything that possible destroy bitcoin. The future of the bitcoin is depends to us because we are buying and selling bitcoin. I don't think they have any others way to destroy bitcoin. But I hope it will not happen because we want to earn more profit before end of the bitcoin.

Mr.grin

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Quote from: aileenc on May 27, 2018, 09:49:28 PM

Yes, it is possible to destroy the bitcoin by hacking the bitcoin. Hacking the bitcoin is difficult because the blockchain is designed with high security and it is decentralised that even a government cannot control it.

when all nations work together to make bitcoin an illegal currency, then it will probably happen. although some people will still use it. well, it's not easy to get rid of something that has become a habit of people.

aileenc

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Yes, it is possible to destroy the bitcoin by hacking the bitcoin. Hacking the bitcoin is difficult because the blockchain is designed with high security and it is decentralised that even a government cannot control it.

david tien

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Satoshi should be able to answer that question. Although no one knows him.

PETMALU11

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For me, there's no way to destroy bitcoin unless the government join in hadlung and ban the use of bitcoin which is an impossible thing to thought. but as long as the people believes the population of bitcoin we always support this good opportunity to us.

nesty

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Quote from: MadScienceSocks on October 23, 2017, 10:38:14 AM

Is there any way to destroy the bitcoin? Not to hack or fake it but completely destroy the system.

Yes of course there are ways to destroy it people are the ones who will destroy and manipulate things that can result to the destruction of bitcoin. But for as long as the people believes in the capacity of bitcoin we would still support it and I am sure that lots of us generate good profit from our investments. So before it could be destroyed it would take a long time and insecure people are the one whose going to destroy it in my opinion.

diorthotis

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No. Cryptocurrencies cannot be destroyed. They are code running on computers. As long as someone keeps running a wallet, has a backup of the wallet and perhaps even a backup of the blockchain every once in a while, your node will keep the system running. There needs to be at least one wallet and one miner. If only a single miner were mining a cryptocurrency, its difficulty would become low enough to allow the miner to mine the proper amount of blocks, regardless of the power of his miner.

This means cryptocurrency cannot be destroyed.

Abigail Asi

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Well for now, there's no way to destroy bitcoin unless every government join hands and ban the use of bitcoin which is an impossible thing to do.

Yudai

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Gric Coin - Redefining Agriculture and Increasing

There is a lot of ways to destroy bitcoin, and one of it is when the whole world unites to ban the use of bitcoin. But a s for now it is impossible because there are some countries that already legalize the use of bitcoin.

joganuts

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Gric Coin - Redefining Agriculture and Increasing

Yes there is, if the bitcoin is zero demand with the public then it will destroy the bitcoin. Because getting a zero demand may result for uselessness of the coon. But I do believe it is possible for the bitcoin to attain zero demand.

seijuro

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Yes by using hacking the system, people stop support bitcoin and other countries try not to used and accept bitcoin and thats the time the bitcoin will destroy.

PelevaVika

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Destroy bitcoin will not work. But much to bring down the course is possible only if panic starts.

Saldom12

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There is just to destroy bitcoin, because bitcoin is still the developmental stage. So bitcoin can still be destroyed. If everyone is no longer investing bitcoin bitcoin can also have been destroyed.

cyberkuto

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Quote from: MadScienceSocks on October 23, 2017, 10:38:14 AM

Is there any way to destroy the bitcoin? Not to hack or fake it but completely destroy the system.

It is indeed possible but difficult. If bitcoin have been destroyed, those who invested and use bitcoin would have lost it's trust on it. I hope it will not happen. Let's hope for the better success of bitcoin so it will last forever.

Corsicoin

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CryptoSport

Already answered so much times before... Just pivot the blockchain, find the switch at the bottom, and switch it off.
If people complain, please switch it on again ! Grin

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