Topic: What will destroy the bitcoin? - page 11. (Read 1428 times)
Bitcoin will be ruined by rules, because if every country bans bitcoin in its country, it will make bitcoin no longer in demand by the world community for investment. and no longer use it for the buying and selling tool, it will make the bitcoin crumble, and no more its price.
Weak demand. If the projects do not receive real-world implementation, the degree of interest in them decreases, which leads to a decline in the market of crypto-currencies.
Probably something better than Bitcoin will destroy it, And I think it is only a matter of time.
If that 'something better' pops up, it will wipe the table with the entire crypto market, and not just Bitcoin. I honestly can't think of anything that is even remotely capable of catching up on Bitcoin's market share. If even quite capable altcoins aren't able to dent Bitcoin, then know that this beast won't go anywhere. People for once need to stop looking at market caps, and focus on that what actually matters, and that's Bitcoin's market share, ecosystem, its insane network, etc. People also quite often complain about full blocks and whatnot, but Bitcoin does at least have full blocks, which is something 99% of the altcoins will never have. BCash can't even consistently manage to fill up its blocks with 100KB worth of transactions, where in case they do exceed 100KB, it might be artificial as well.
Destroyed bitcoin with the advent of alternative crypto currency.
This risk can only be realized in practice if the new Crypto currency is much better than Bitcoin itself. Only in this case will the company refuse to use BTC in favor of a new option.
This risk can only be realized in practice if the new Crypto currency is much better than Bitcoin itself. Only in this case will the company refuse to use BTC in favor of a new option.
Actions of hackers. The risks of such a development of the situation are great, and numerous attacks by hackers, including successful ones, on crypto-exchange exchanges and purses are a vivid confirmation. If the attackers manage to crack the protocol, the Bitcoin network can be completely destroyed.
Conducting a large number of forks can lead to a decrease in the capacity of the original Bitcoin network and its fragmentation. With such a development of the situation, the Crypto currency will lose all its power and become uninteresting for investors. Nevertheless, the probability of such a development of the situation today is minimal against the background of increased user interest on the part of the population.
I don't see the growing popularity of bitcoin. This is because bitcoin does not perform its main function. It is not used as a currency. It has completely turned into a tool for speculation. This can significantly reduce interest in this currency. I don't understand why it is still not decided on the transition to segwit2x.
Actions by states. One of the most likely risks, as governments view Bitcoin and other crypto-currencies as a threat to the traditional financial system. If they can not directly destroy Bitcoin because of its decentralization, governments can not, they have the capacity to limit its infrastructure, for example, blocking the banking websites of companies working with crypto-currencies or carrying out crypto-currency transactions. In the event that the restrictions are imposed by a limited number of countries, it will not be possible to destroy the system, but massive prohibitions on the part of leading states can completely destroy the network.
Probably something better than Bitcoin will destroy it, And I think it is only a matter of time.
Bitcoin will be destroyed by several factors :
1. All country/Governments in the world banned bitcoin sirculated and bitcoin exchange. (if that happen, so bitcoin will not have price, because nobody can buy bitcoin anymore)
2. Investors and miners isn't interested again with bitcoin. (But this is very impossible to happen, because bitcoin can give some big profit to users)
So in my mind, Just number 1 maybe can destroyed bitcoin. Media can't destroy Bitcoin, media just make the price down, because so many media shared fake bad news about bitcoin. And after that Bitcoin will price will be back to normal again.
1. All country/Governments in the world banned bitcoin sirculated and bitcoin exchange. (if that happen, so bitcoin will not have price, because nobody can buy bitcoin anymore)
2. Investors and miners isn't interested again with bitcoin. (But this is very impossible to happen, because bitcoin can give some big profit to users)
So in my mind, Just number 1 maybe can destroyed bitcoin. Media can't destroy Bitcoin, media just make the price down, because so many media shared fake bad news about bitcoin. And after that Bitcoin will price will be back to normal again.
how can a state or government stop the bitcoin circulated while the bitcoin itself is a decentralized. No country controls this currency. As long as people still use bitcoin as a very useful peer to peer transaction tool, of course, bitcoin will stay alive, if bitcoin is alive, there will be transactions, well if the transaction is still running, that means miners will keep performing its function.
Conducting a large number of forks can lead to a decrease in the capacity of the original Bitcoin network and its fragmentation. With such a development of the situation, the Crypto currency will lose all its power and become uninteresting for investors. Nevertheless, the probability of such a development of the situation today is minimal against the background of increased user interest on the part of the population.
I KNOW THAT BITCOIN IS A LARGEST MONEY IN THE WORLD BUT THIS IS NOT IMPPOSIBLE TO DISTROYED BITCOIN.
The emergence of a critical error in the system, which can lead to the impossibility of updating. Even if the error is corrected, this development of events is guaranteed to have a negative impact on the cost of Bitcoin. Representatives of the community always take into account such risks, therefore all updates of the code are compulsorily tested with thoroughness.
The existence of bitcoin, and beyond him and the rest of the digital financial world, can destroy the global crisis with the Internet disconnected.
In the case of the "end of the world", not only mankind will cease to exist, but also the Internet, which is the basis for the existence of the crypto currency. Meanwhile, such a probability can be considered close to "zero".
In the case of the "end of the world", not only mankind will cease to exist, but also the Internet, which is the basis for the existence of the crypto currency. Meanwhile, such a probability can be considered close to "zero".
Media has always been dirty mind and they are the biggest lier in the whole world. The news could be one but when it reaches to us it is almost manipulated to 50% or more. For the big publicity of the channel itself they will do such thing so that they can claim later on that they are the one who were first to tell such news but in the process they forget that they are manipulating the stuff heavily. The net effect is off course panic amongst the normal user of the crypto who go on disturbing the market by their act of selling, unwanted FUD creations and much more. So media will always be on top to disturb the crypto currency market.
Its not about how it was created or what is the layer of protection for it but its about the popularity and its faith. If the bitcoin gets hatred all the time then im sure creators will be helpless as well. what they can do in front of the investors ? Pleed! Dont think so.
For me infrastructure break down would not end bitcoin because we can backup any important data we can put it in as safe place. Lost of trust by investors would kill bitcoin when people lost their trust trust the value of Bitcoin will go down and eventually become zero. That’s the end and bitcoin. Bitcoin was well created and I don't believe there is a way to destroy it. The creators will prevent this to happen
Its not about how it was created or what is the layer of protection for it but its about the popularity and its faith. If the bitcoin gets hatred all the time then im sure creators will be helpless as well. what they can do in front of the investors ? Pleed! Dont think so.
When the main purpose of it is not valued and people is using this to do illegal things. Bad things should be stopped. It may be a great help for everyone but once it became a threat, what's the use of holding and using of it? Once it harm the people and the country, it might be destroyed. Completely. The abuse of this may result to forever losing of bitcoin. Value the main purpose of this and never let this to be a mean of illegal things/transactions.
nothing will destroy bitcoin. countless attempt has been made to destroy bitcoin on the past,
but bitcoin still exist in our world. Not even a whales can destroy bitcoin. because bitcoin itself, is decentralized.
centralized systems are easy to destroy, but decentralized? No.
but bitcoin still exist in our world. Not even a whales can destroy bitcoin. because bitcoin itself, is decentralized.
centralized systems are easy to destroy, but decentralized? No.
I think bitcoin is impossible to stop or destroy. Bitcoin is not linked to any territory or financial institution. It would be impossible to think any government could regulate the entire network, it would have to be a global endeavor. Even tracking individual people who own specific wallets is difficult.
Bitcoin will be destroyed by several factors :
1. All country/Governments in the world banned bitcoin sirculated and bitcoin exchange. (if that happen, so bitcoin will not have price, because nobody can buy bitcoin anymore)
2. Investors and miners isn't interested again with bitcoin. (But this is very impossible to happen, because bitcoin can give some big profit to users)
So in my mind, Just number 1 maybe can destroyed bitcoin. Media can't destroy Bitcoin, media just make the price down, because so many media shared fake bad news about bitcoin. And after that Bitcoin will price will be back to normal again.
1. All country/Governments in the world banned bitcoin sirculated and bitcoin exchange. (if that happen, so bitcoin will not have price, because nobody can buy bitcoin anymore)
2. Investors and miners isn't interested again with bitcoin. (But this is very impossible to happen, because bitcoin can give some big profit to users)
So in my mind, Just number 1 maybe can destroyed bitcoin. Media can't destroy Bitcoin, media just make the price down, because so many media shared fake bad news about bitcoin. And after that Bitcoin will price will be back to normal again.
It been said that quantum computer will destroy bitcoin of which scientist are developing. Computer scientists now warn the machines will cripple existing encryption methods and destroy bitcoin’s technological foundations. The bitcoin community are aware of this issue and are working on a solution to phase in quantum-proof technologies to the bitcoin network.
Bitcoin is here to stay.Even after so many media reports did the Bitcoin die??No..!!The Bitcoin will eventually transform into a more powerful digital currency form in future.
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