Is there any way to destroy the bitcoin? - page 5.

Silent26

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Quote from: olubams on October 23, 2017, 04:14:02 PM

Quote from: MadScienceSocks on October 23, 2017, 11:38:14 AM

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

Yes. It should be pretty easy for someone like you. All you only need to do is just to locate the switch that on the blockchain network then switch it off and you get your wish without any hacking of faking anything. Just a switch. But that's on a lighter mode removing those things you said, if it had been that easy, you wouldn't even meet anything called bitcoin because that switch would have even been destroyed years back.

Woah, it is just that easy? Well I think you are right but, switching off the blockchain network won't destroy the bitcoin. It will just stop bitcoin temporary I guess. And eventually it will still run. My suggestion is to destroy that switch in order to destroy bitcoin permanently Cheesy

. But please, never attempt to destroy bitcoin. More people are depending on it.

Visbay

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Quote from: Inggridpratiwi on January 28, 2018, 09:18:19 AM

I think it is now safe to say that we have arrived

We are safe with bitcoin nothing can destroy bitcoin it has bright future, as you are right now it is hard to make bitcoin down as it has achieved the perfection. It takes very malicious mind to get a way for practically doing something like this so people are saying but nothing will happen in reality. It is the age of digital technology so I think bitcoin is the best example for it so bitcoin is good and it will grow as fast as it is possible.

yoseph

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Quote from: btctalk123 on January 23, 2018, 05:16:19 PM

Of course that there is.. If banks + some governments decide to create a huge fud over bitcoin, i am sure that everybody will be like crazy trying to sell all their bitcoins.
This is just like a trust system, it works exactly like that.

Collectively, the governments of the world can connive and come together and destroy bitcoins with a single decision when that happens, the price is going to go so down that everyone would be in a hurry to sell before the currency eventually becomes worthless.

Inggridpratiwi

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I think it is now safe to say that we have arrived

JoshuaBoyd954

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Quote from: shursight on October 23, 2017, 07:11:02 PM

It has already been answered a lot of times before.. but yes, there are some ways that bitcoin could be destroyed, the most common way is if all the most important banks decide to spread a massive fud over bitcoin, and this will make the whole market collapse and everybody will enter in panic selling mode, and this will make the price go down by some thousands. And then, some governments will do the same as the banks, and everybody would lost their faith on bitcoin, or almost everyone.

I think it will not possible, all solution depends on if, means if... happen .... destroy. this if is not possble anymore.

btctalk123

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Of course that there is.. If banks + some governments decide to create a huge fud over bitcoin, i am sure that everybody will be like crazy trying to sell all their bitcoins.
This is just like a trust system, it works exactly like that.

valentine401

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Quote from: MadScienceSocks on October 23, 2017, 11:38:14 AM

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

You cannot destroy bitcoins because no one can afford to buy all the supply in the market since it was very expensive. Billionaires like billgates can destroy bitcoins but they are not interested since they already have a huge amount of wealth in their pocket.

mrcash02

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Quote from: loof99 on January 23, 2018, 03:21:13 PM

For me, the other way of destroying bitcoin is to destroy the faith of those cryoto enthusiasts since they are the once responsible for the spreading of bitcoin. And that would be a hard way.

There are some attempts to make this real. When people say Bitcoin is a currency mainly used by terrorists, drug dealers and criminals in general, they are trying to make the ordinary Bitcoin's enthusiast think it's a dirty world, crowded by the humanity's scum, so the common person will think twice before start investing and bringing more people to invest too, as he doesn't want to be categorized on this group...

Fortunately, this strategy doesn't have much effect and even more people are finding the truth by themselves, so it's not a serious menace for Bitcoin survival at this moment, a hard way as you said.

Laurayaki

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Controlling information is the most economical way to destroy bitcoin, or grabbing all the bitcoins and flushing it ahah

loof99

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For me, the other way of destroying bitcoin is to destroy the faith of those cryoto enthusiasts since they are the once responsible for the spreading of bitcoin. And that would be a hard way.

mabell943

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There are many ways to destroy bitcoin bitcoin one of it is to banned bitcoin ask over the world because if it is happen there bitcoin will get down because the users may sell ask their stock and the bitcoin will lose all their investors and users all over the world thats why it can be down and also when the internet get down I think the bitcoin will also get down because internet is the medium of bitcoin.

Essaint56

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Quote from: Mainman08 on January 17, 2018, 09:31:10 AM

There are so many ways to destroy bitcoin. If hackers launched a massive cyber attack and destroy the cryptocurrency world. Or all government will ban all bitcoin users and arrest all bitcoin users.

Really? Hackers cannot do anything to destroy bitcoin. Bitcoin was made secure and robust to stand any kind of cyber attacks. However, hackers can target exchange sites or any third party services and it is happening yet it cannot destroy the bitcoin.

linkfield

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Since it was created, then it can also be destroyed, but I don't think that would happen in the next year or so. Give it at least 5 years before it depreciates and then, it will vanish.

rika0223

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I think to the hackers who always want to try to try again to steal, I am confused with people like that, how bad those who have the desire to steal, and we must be more careful always keep our account do not get hit by hackers

Mainman08

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There are so many ways to destroy bitcoin. If hackers launched a massive cyber attack and destroy the cryptocurrency world. Or all government will ban all bitcoin users and arrest all bitcoin users.

seanskie18

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I don't know if there's anyway to destroy bitcoin and if I have the right to control bitcoin, I won't allow it to happen because bitcoin is the only one can help to earn money especially to those unemployed people.

attentionSicker

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Everything that is made by humans are vulnerable including bitcoin, of course there is a way to destroy it. But why would you try to destroy if it helps a lot those who depends only in it? As long as its not a threat to humanity, you don't have the reason to destroy it.

gameofthronne

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Yes there are, by banned bitcoin on all countries around the world. I'm sure it will make the bitcoin user sell all their bitcoins and bitcoin price will crashed so hard and it makes people leave bitcoin and bitcoin will dead by itself but I hope it never happen though.

Essaint56

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Quote from: Wagako on January 16, 2018, 04:45:27 AM

Quote from: MadScienceSocks on October 23, 2017, 11:38:14 AM

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

I think the only way to destroy bitcoin is by banning bitcoin to all over the world therefore it will no longer run and there would be no people try to use it. But I believe that this would not happen because bitcoin benefited a lot of people and there's no reason to banned. If they have the reason to banned I think it's for their own sake or for the sake of their own business.

I think not even the ban can destroy bitcoin. People can always make way on how to access bitcoin even if there is a prevailing ban to bitcoin in their country just like china bitcoiners did.

Wagako

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Quote from: MadScienceSocks on October 23, 2017, 11:38:14 AM

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

I think the only way to destroy bitcoin is by banning bitcoin to all over the world therefore it will no longer run and there would be no people try to use it. But I believe that this would not happen because bitcoin benefited a lot of people and there's no reason to banned. If they have the reason to banned I think it's for their own sake or for the sake of their own business.

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