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Topic: The thing that will destroy Bitcoin. - page 3. (Read 7374 times)

full member
Activity: 189
Merit: 100
February 23, 2016, 02:52:10 AM
If someone or one enitity owned all the bitcoins, that would certainly destroy what bitcoin was intended to do.

This will not happen. You can to spend a lot of money to buy out all the bitcoin in circulation. The last one will cost $10 billion.
hero member
Activity: 560
Merit: 500
February 23, 2016, 02:49:50 AM
i said it once and ill say it again..
the only thing that will destroy bitcoin is the really long transaction times.
I don't know how they are going to speed up some things, this is serious issue.
On the other side Bitcoin have most secure network, so i doubt he will be killed so easily.
-Bitcoin was first
-Too much money is already involved in bitcoin.
-Whole mining industry is behind bitcoin.
legendary
Activity: 1736
Merit: 1006
February 22, 2016, 04:07:31 PM
i said it once and ill say it again..
the only thing that will destroy bitcoin is the really long transaction times.

i sent a transaction yesterday and its still unconfirmed today. i sent it with the standard .0001 fee.

yes i could have sent it with a .0005 or higher fee.. but no i didnt.. and no not everyone will..

the wallet picks .0001, its pretty much automatic.. i hit send and it sent.. now it wont confirm.


full member
Activity: 154
Merit: 100
February 22, 2016, 11:10:29 AM
If someone or one enitity owned all the bitcoins, that would certainly destroy what bitcoin was intended to do.

Since no govt or entity owns the bitcoin, it can never be belonged to one person.
Its the currency of the people and people will own it.
legendary
Activity: 1526
Merit: 1179
February 22, 2016, 11:00:08 AM
Ethereum is bitcoin 2.0

It won't destroy bitcoin but turn it in to something much better.  Something which isn't controlled by chinese mining farms.

And you think Ethereum is fully decentralized? Don't make me laugh.

Ethereum is being controlled by just a few persons. Not really something cool to look out for, dude.
hero member
Activity: 560
Merit: 500
February 22, 2016, 09:07:58 AM
Well bitcoin has a great community inside it and crypto has milions if not bilions invested into them,soo bitcoin to die must be something really deep ,and anothe altcoin would replace it ,but its unreal to think about the end since all altcoins are compared,traded vs bitcoin.
sr. member
Activity: 686
Merit: 270
FREEDOM RESERVE
February 22, 2016, 08:10:00 AM
Ethereum is bitcoin 2.0

It won't destroy bitcoin but turn it in to something much better.  Something which isn't controlled by chinese mining farms.
member
Activity: 98
Merit: 10
February 22, 2016, 07:32:04 AM
IMHO FUD and Fedcoin will destroy Bitcoin... Blockstream/Core supporters are creating such FUD that when Fedcoin (Ethereum) is increasingly introduced to the public with the upcoming Homestead rollout - it will be in tandem with negative stories about Bitcoin being a muddled, confused, dangerous mess.  And that perception is actually reality, since Blockstream/Core supporters seem to be little energizer FUD Bunnies on hyperdrive lately. So this will weaken Bitcoin, strengthen Fedcoin.  Fedcoin WILL surpass Bitcoin.  That part is pretty much certain.  The question is how badly Bitcoin will sustain self inflicted damages, and will they be deadly wounds, or wounds they can recover from.
hero member
Activity: 1008
Merit: 1012
February 22, 2016, 07:25:12 AM
If someone or one enitity owned all the bitcoins, that would certainly destroy what bitcoin was intended to do.
sr. member
Activity: 434
Merit: 250
February 22, 2016, 07:16:43 AM
I hope that nothing stands in Bitcoin's way. But if anything is to destroy bitcoin it will certainly be another altcoin!

Currently there is no Altcoin  which can cause threat to bitcoin existence.
Rather its the other way around, when the Bitcoin grows it helps other altcoins grow as well.


how about Etherum? altcoin which steal the show microsoft azure and already cooperated.
Microsoft and ConsenSys are partnering to offer Ethereum Blockchain as a Service (EBaaS) on Microsoft Azure which bitcoin couldn't.
some people make a speculation too about etherum could equal or even exceed bitcoin. but i hope it wouldn't destroy bitcoin.

a smart investor would take a position in both bitcoin and ether.
sr. member
Activity: 464
Merit: 250
February 22, 2016, 06:24:15 AM
I hope that nothing stands in Bitcoin's way. But if anything is to destroy bitcoin it will certainly be another altcoin!

Currently there is no Altcoin  which can cause threat to bitcoin existence.
Rather its the other way around, when the Bitcoin grows it helps other altcoins grow as well.


how about Etherum? altcoin which steal the show microsoft azure and already cooperated.
Microsoft and ConsenSys are partnering to offer Ethereum Blockchain as a Service (EBaaS) on Microsoft Azure which bitcoin couldn't.
some people make a speculation too about etherum could equal or even exceed bitcoin. but i hope it wouldn't destroy bitcoin.
hero member
Activity: 560
Merit: 500
February 22, 2016, 06:12:45 AM
Bitcoin will be destroyed by some new and innovative currency that will take birth in future, till then there is nothing that can destroy bitcoins, the future of bitcoin is safe till then.
But this corency must bring something more innovative and revolutionary than anything else on altcoin scene.
This can be only some tokens that have real usage in industry, or wider.
Example Samsung tokens: created with every using of device (every minute counts, activity and usage), and this token can be traded and can be used in samsung online stores for buying..
full member
Activity: 140
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
February 22, 2016, 05:55:55 AM
The crash of some big asteroid in our planet if it will hit the place where most of the bitcoin nodes reside.
sr. member
Activity: 434
Merit: 250
February 22, 2016, 05:50:47 AM
the Chinese government could hurt bitcoin, but it would take a concerted international effort to "destroy" the ecosystem.
legendary
Activity: 3234
Merit: 1214
DGbet.fun - Crypto Sportsbook
February 22, 2016, 05:12:15 AM
Only the delay in the decision making over various developing features of the technology would destroy the bitcoin. If the decision making is made faster and effective no need to think of destruction.
hero member
Activity: 756
Merit: 500
February 22, 2016, 04:34:29 AM
There some many brutal people inside the BTC universe that it is like an all-star army. Nothing can destroy it... neither someonewho is pretty old inside of the core... things are so hugr now that I think neither them know exactly th size of this "universe".

dit: altcoins are so distant that it's in the event horizon of bitcoin.
full member
Activity: 154
Merit: 100
February 22, 2016, 04:32:27 AM
I hope that nothing stands in Bitcoin's way. But if anything is to destroy bitcoin it will certainly be another altcoin!

Currently there is no Altcoin  which can cause threat to bitcoin existence.
Rather its the other way around, when the Bitcoin grows it helps other altcoins grow as well.
full member
Activity: 154
Merit: 100
February 22, 2016, 04:30:45 AM
Yes bitcoin cant be destroyed because its the most popular among the people. The transactions takes time to complete but eventually it will be solved because a lot of peoples and minds working on it.
full member
Activity: 189
Merit: 100
February 22, 2016, 03:38:29 AM
Yeah. In the mean time bitcoin is growing like there is no tomorrow.

I like the bitcoin adoption to grow like no tomorrow. But I like to bitcoin price to grow slowly, gradually.
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