Pages:
Author

Topic: Is there any way to destroy the bitcoin? - page 2. (Read 3076 times)

member
Activity: 280
Merit: 10
If it was easily destroyed by an individual, it was not as huge as it is now.
I think that the only thing that could destroy bitcoin is when internet connection will be destroyed. If this happens, bitcoin will not be accessible and it can't be used. However, I really think that this is impossible to happen. Bitcoin will continue to surge because bitcoin is now becoming more famous because of it's convenience and profitability.
sr. member
Activity: 644
Merit: 259
CryptoTalk.Org - Get Paid for every Post!
Destroying bitcoin is a none sense thing.  Who would ever destroy it when everyone seems to get benefits from it.  The trading now a days might be low but still people are expecting a great payback from it.  
Well people are just like that, they will want to destroy something so that everyone can't get to enjoy it anymore. I really don't know how secure the bitcoin network is but what i know is that with anything created by man, there is a way for others to break through as well.
legendary
Activity: 1638
Merit: 1001
I thing Only the governments can destroy, not only one but like UE or USA or CHINA

But they would not do this because of lack of capabilities to limit access. Even great China firewall doesn't work properly
member
Activity: 84
Merit: 10
I do not think so, because bitcoin is digital, besides bitcoin is very valuable and has many people, so they will protect their assets, so the conclusion to destroy bitcoin is very difficult
member
Activity: 1204
Merit: 38
very easy to destroy the bitcoin system is by destroying the Internet network in this world so that the blockchain system will not be able to operate again. we can also sell all bitcoin assets and nobody else is interested in buying bitcoin so the bitcoin value will fall.

Yes without any internet it will be very easy to destroy the crypto currency but today's situation it will not possible so the thought is not a right thing .
newbie
Activity: 209
Merit: 0
I thing Only the governments can destroy, not only one but like UE or USA or CHINA
member
Activity: 387
Merit: 12
I don't know why you are want to know about this  Cry But yes, there have options to destroy bitcoin. The main thing that bitcoin has, People's trust and faith. If we don't trust bitcoin and everyone will sell their bitcoin and if the banks will spread the strictly bad news about bitcoin then bitcoin will turn Nothing. But I never want this.
hero member
Activity: 766
Merit: 509
Bitcoin can not be destroyed, neither cracked or something.
The only thing that can really happen, is to see private keys cracked, that is more than possible if all those quantum computers start cracking them.
newbie
Activity: 224
Merit: 0
maybe governments can destroy it because of strict laws. but i hope that cryptocurrencies are the future of our world and they will live
full member
Activity: 388
Merit: 100
All-in-One Crypto Payment Solution
Maybe by killing internet commection, when the internet deactivated, so there's no way to access bitcoin itself. It seems like impossible to destroy bitcoin because it has worth much now and people keep invest on it.

Yes this is one of the most effective way of killing or destroying bitcoin,  but i am thinking,  just like on stock market,  the stock price is gling doen for some reason such as fraud or issue about the company,  I personally experienced dropping value of certain coin because of the law case against its company.  The tendency is the major holder withdraws his share just to be safe making coins value drop and other people go in panic selling.
newbie
Activity: 215
Merit: 0
Destroying bitcoin is a none sense thing.  Who would ever destroy it when everyone seems to get benefits from it.  The trading now a days might be low but still people are expecting a great payback from it.  
member
Activity: 104
Merit: 10
CryptoCurrency
Maybe by killing internet commection, when the internet deactivated, so there's no way to access bitcoin itself. It seems like impossible to destroy bitcoin because it has worth much now and people keep invest on it.
sr. member
Activity: 938
Merit: 250
very easy to destroy the bitcoin system is by destroying the Internet network in this world so that the blockchain system will not be able to operate again. we can also sell all bitcoin assets and nobody else is interested in buying bitcoin so the bitcoin value will fall.
newbie
Activity: 182
Merit: 0
Bitcoin can be destroyed as a matter of fact it has been declared dead on countless occasions.. If we speak in technical terms,Bitcoin will live so long as there are computers that run the Bitcoin software on the network but greed and carelessness from the community can kill it
newbie
Activity: 93
Merit: 0
Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
Yes maybe or Maybe not again. There are many people who just work for their own interests. There is no benefit of Bitcoin by them. But if they do that, then Bitcoin can lose their popularity. So I think those who try to do or do such things should be resisted. Bitcoin will be able to retain its popularity.
full member
Activity: 378
Merit: 100
in my opinion the easiest way to destroy it is to make it an invaluable asset. If btc would have no value people would lose interest, miners would leave the mining and exchanges would shut down from zero volume.
newbie
Activity: 26
Merit: 0
no way, why bitcoin is keep growing it's far because of the buyers or individuals who trades it so if no one use bitcoin and no one invests or trades it it is going to be dropping or decreases in market financial system however it's far too tough to smash it due to the fact there a millions of humans using bitcoins round the arena so dont expect bitcoin may be wreck unless theres a brand new futuristic cryptocurrencies it will be an enemies
newbie
Activity: 44
Merit: 0

There is a way to destroy bitcoin is to destroy block chain.  But blocking block chain is quite impossible. You can also stop Internet to destroy bitcoin. Mining won't be work so bitcoin will destroy.
full member
Activity: 966
Merit: 104
Is there any way to destroy the bitcoin?  Not to hack or fake it but completely destroy the system.
Oh sure. This can be done if practically all states decide on the prohibition of crypto currency under pain of criminal punishment and take appropriate measures to eliminate exchanges, exchangers, websites and everything related to the crypto currency. Under such conditions, the Crypto currency is unlikely to exist, and if it does exist, it will no longer have any significant impact.

Also, the crypto currency will cease to exist if people refuse to support it and will not show interest in buying it. Whether such options are possible in practice is another matter.
newbie
Activity: 57
Merit: 0
One of the ways I know one way is that everyone stops investing in Bitcoin and letting everyone down disappoints with Bitcoin, then bitcoin will lose its worth, and then it will be discarded by people, and it will change from that Worthless.
Pages:
Jump to: