Topic: Who can destroy Bitcoin ? - page 2. (Read 21774 times)

in my own opinion bitcoin will remain, bitcoin will not be easily destroy of any people who will make it down and it continue grow as long as many people will know this

Many governments are do many things to decrease the use of bitcoin, but uasually the effect is just for a while, then we cam see that no one can stop bitcoin's price. It's price go up so high at the end of this year. No one can destroy bitcoin.

Unless all electricity and internet global is destroyed or no one use BTC in whole world

I think no one can destroy bitcoin unless there will be a some people that will do anything to stop this, in short haters of bitcoin. Maybe loss of internet but I think it's impossible to loss internet. This time no one can destroy bitcoin.

Till now, none can destroy it as the nodes are very secure and unique to each other. No one knows their own nodes fully as these are in encrypted form.

Yes, it can be on hold if there is a situation of war, natural calamities, and internet failures to name a few.

Also, it may be a possibility that the creator himself destroys the whole chain. You never know, a genius can do anything, creation or destruction anything.

People are one the weakness of every business, which is their main lifeblood to sustain and to survive.
If the public does not response or the demand becomes lower, it will lead to a negative effect to every business in the whole world.

There is no scope to destroy this. It is a permanent matter and many of the world's top class people engaged with it.

Bitcoin has a better security today compared to its early years of existence. If some hacker can destroy the whole market, he should've done it some years ago. The growth of bitcoin helps it evolve to have a more compact security for users, for us people to enjoy the freedom of using this coin.

A stronger factor is the government, some countries ban the use of bitcoin because of the possible risks that it can bring to the people and their money, the economy of the country. If an increasing number of countries will continue to prohibit the use of bitcoin, it can become a big threat to bitcoin and to the whole crypto world.

I agree that the price of bitcoin will be fluctuate but the value of it never get zero it is not possible in my point of view

If no one mines bitcoins anymore, nobody can exchange them. Miners basically get a commission because they use their processing power to process transacrions between bitcoin wallets.So, if no one is mining anymore, which is unlikely for now, you will actually destroy the currency. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.so miner can destroy bitcoin.

I think that only the government can kill bitcoin, forbidding any existence

No one can destroy the bitcoin excepts for those government who don't want to regulate bitcoin. If the government want this , so the people will follow their rules in their country. Because the government has the power to do it. And if every country will do the same we have no choice, it can affect the bitcoin. But i trust and believe that bitcoin cannot destroy of anybody because this is the strongest currency around the world no other than but the bitcoin.

I got some news that bitcoin is being hacked. That's why before, the exchange rate of bitcoin it 70k+ and down to 30k+, because of that news. Or other countries will banned by using Bitcoin like blocking others social apps using by specific country. That's why there is a possibilities that Bitcoin can destroy but not easily.

I think we have to watch out for several factors that could have influences on Bitcoin in the future: how the governments will handle it, how society further adopts it, how Bitcoin evolves itself to scale better. There is much more I guess. What I was thinking lately about was, if Bitcoin keeps rising like this and mining therefore will become even more lucrative for the miners, many people will want to jump on the train and if everyone does that, than there will be too much electricity used for mining. I think this can be a real thread for Bitcoin and cryptocurrencies overall, because I guess no government will be just watching and do nothing if this scenario becomes real, they will find ways to prevent this. Maybe I didnt thought this through the right way,if so please correct me.

Some another genius maths enthusiast?

Or massive ban/prohibition from big governments and banking systems. Who knows....

Central bank and government of various countries by putting a ban on it thereby decreasing the demand.
So called "whales" or people who have large volume of coins by driving prices too low that investors would lose interest.
Those who would "short" the market.

Actually destroing bitcoin is quite a difficult task for private institutions but the goverment has substantially more power to do so. From a Cryptographic standpoint it seems pretty much impossible as a 51% attack is not even profitable so gametheory says it is not in the best interetst of the attacker (mining hardware can only be used for bitcoin so in order to destroy bitcoin you have to buy bitcoin miners that can only be used for bitcoin so why is it in your interest to attack bitcoin like that.

The seconds biggest danger comes from contentious hardforks without replay protection. Bitcoin Cash was a nasty attack too although it failed miserably, first it tried to take bitcoin down with their high mining profitability and then in the last few weeks with rodger vers pump.

Goverments definetly have more options though, banning won't really damage bitcoin as we saw with china. They could spend  a few billion for mining equiptment though that is not profitable and they could also attack mining centers and destroy all the miners so that the blockchain is not progressing blocktimes are too large and the network implodes due to no transactions going through and huge fear.

That is everything that comes to my mind though there should be many more ways to destroy it.

I can't think Bitcoin will destroy. How is it possible?  Bitcoin is mother coin. It's not like other alt coin. It's not controlled by any organization. Bitcoin is very strong. It's value is different from other alt coin. Everywhere using now Bitcoin specially in online. So I think it's not possible to become destroy.

titles are a bit vulgar. who can destroy bitcoin? the answer is all of us.
if we are no longer compact in support of bitcoin then gradually the bitcoin will be destroyed by itself.

It cannot be destroyed because the security of the Bitcoin is so powerful that no one can hack it