Bettered this forum answer this question then someone who really want to destroy bitcoin.
51% attack, spend some millions, get enough hashing power, do a 51% attack. Byebye bitcoin. 
Topic: What is the best way to destroy bitcoin? - page 3. (Read 5270 times)
Governments declaring Bitcoin Exchanges illegal due to money laundering, at the same time shutting down MtGox and confiscate all the bitcoins in it.
Then the price will go under 50 cent and a lot of people would stop using bitcoins, like after the last year bubble but this time forever...
I think it will be not so difficult...
Then the price will go under 50 cent and a lot of people would stop using bitcoins, like after the last year bubble but this time forever...
I think it will be not so difficult...
send them to a bitcoin address called "coins_go_here_to_die"
EMP
Bettered this forum answer this question then someone who really want to destroy bitcoin.
Make it technically painful to use bicoins and financially painful to hold them.
Quiet a few options, but fortunately, we aren't under complete tyranny (yet) and taking actions to "destroy bitcoin" would likely be of little benefit to whomever would try.
My two bit-cents:
The beauty is that bitcoin doesn't really have to gain any more acceptance in order for it to be useful. As long as it maintains a steady value I could care less what the "masses" think or if they ever adopt it. I can use it as a "store of value" and "offshore bank account" in its current state. This is similar to gold and silver - the masses don't own it, don't spend it, and don't have a clue of its value. Meanwhile, gold and silver still shine and deliver.
The beauty is that bitcoin doesn't really have to gain any more acceptance in order for it to be useful. As long as it maintains a steady value I could care less what the "masses" think or if they ever adopt it. I can use it as a "store of value" and "offshore bank account" in its current state. This is similar to gold and silver - the masses don't own it, don't spend it, and don't have a clue of its value. Meanwhile, gold and silver still shine and deliver.
Interesting point. Perhaps it's best if it never gets "big"...?
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My two bit-cents:
The beauty is that bitcoin doesn't really have to gain any more acceptance in order for it to be useful. As long as it maintains a steady value I could care less what the "masses" think or if they ever adopt it. I can use it as a "store of value" and "offshore bank account" in its current state. This is similar to gold and silver - the masses don't own it, don't spend it, and don't have a clue of its value. Meanwhile, gold and silver still shine and deliver.
The beauty is that bitcoin doesn't really have to gain any more acceptance in order for it to be useful. As long as it maintains a steady value I could care less what the "masses" think or if they ever adopt it. I can use it as a "store of value" and "offshore bank account" in its current state. This is similar to gold and silver - the masses don't own it, don't spend it, and don't have a clue of its value. Meanwhile, gold and silver still shine and deliver.
what is the best way for bitcoin users to defuse defamation attacks? I'd say the best way is by using btc, and being outspoken about it.
I wish I had a more positive outlook, and I hope the community can come up with interesting ways like starting crowd-funding for charities and associating Bitcoin with the ability for people to collectively achieve great goals etc...
But personally, I'm planning for a worst case scenario.
Defamation through association. That's an effective way to kill an idea.
Mark my words, that's how special interest's will attack decentralized crypto-currency.
Mark my words, that's how special interest's will attack decentralized crypto-currency.
The thing is, the public has learned by now to some extent, and has grown rather cynical (well, apathetic, too) - so defamation might not be as effective as before.
My outlook has become very jaded, as every time I've come to expect some higher cognitive behavior from "the public" they always disappoint whenever an idea of such scale is presented.
The macro scale of Bitcoin is simply too extreme for most people to accept.
As with all things, time will tell.
Alright, what is the best way for bitcoin users to defuse defamation attacks? I'd say the best way is by using btc, and being outspoken about it. Also, I find the Wiki PR page rather sensible - https://en.bitcoin.it/wiki/Public_relations
Defamation through association. That's an effective way to kill an idea.
Mark my words, that's how special interest's will attack decentralized crypto-currency.
Mark my words, that's how special interest's will attack decentralized crypto-currency.
The thing is, the public has learned by now to some extent, and has grown rather cynical (well, apathetic, too) - so defamation might not be as effective as before.
My outlook has become very jaded, as every time I've come to expect some higher cognitive behavior from "the public" they always disappoint whenever an idea of such scale is presented.
The macro scale of Bitcoin is simply too extreme for most people to accept.
As with all things, time will tell.
Defamation through association. That's an effective way to kill an idea.
Mark my words, that's how special interest's will attack decentralized crypto-currency.
Mark my words, that's how special interest's will attack decentralized crypto-currency.
Agreed. It happened before. The thing is, the public has learned by now to some extent, and has grown rather cynical (well, apathetic, too) - so defamation might not be as effective as before.
Also, please cast your vote on a related topic in https://bitcointalksearch.org/topic/who-might-realistically-pose-a-threat-to-bitcoin-90822
Defamation through association. That's an effective way to kill an idea.
Mark my words, that's how special interest's will attack decentralized crypto-currency.
Mark my words, that's how special interest's will attack decentralized crypto-currency.
Well duh. Everyone knows only pedophiles use Bitcoin.
Defamation through association. That's an effective way to kill an idea.
Mark my words, that's how special interest's will attack decentralized crypto-currency.
Mark my words, that's how special interest's will attack decentralized crypto-currency.
Legislation.
A Pinch.
Three little words...
Eeee Emm Pee.
Eeee Emm Pee.
Sounds like someone's trying to up their post count. Working on a scam?
damn, you found me out. Are you giving out loans by chance?
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What is the best way to destroy bitcoin?
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