I think bitcoin will thrive in any possible adversaries.
They can cripple it but they can't kill it
Topic: Who can destroy Bitcoin ? - page 21. (Read 21748 times)
There is no such human power that can destroy BTC or altcoins. They can manipulate the price but never destroy eventually it will form up to its glory.
just miners or us..
The future of Bitcoin straight is determined by its demand.When the demand for Bitcoin is reduced, it'll instantly ruin Bitcoin. One way through which its need could be reduced is if another cryptocurrency replaces it.People will begin using new cryptocurrency for his or her transactions and investments that will instantly decrease its demand.The other way could be if the federal government restrictions Bitcoin dealings and state it as being an unlawful forex.The cost of Bitcoin is directly proportionate to the need.Therefore if demand will decrease ,cost may also reduce which will ruin Bitcoin.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin is destroyed when the internet crashes around the world. no internet, bitcoin can not exist. Bitcoin can be destroyed when there is another virtual currency replacing bitcoin A lot of people can destroy bitcoin. I think that the banks can destroy it by buying bitcoin and dumping it to 0 on the exchanges later. Also bitcoin cash is a huge risk, I feel like they want to destroy bitcoin by dumping btc to buy bch.
Bitcoin can destroy by itself because if the no one can mange bitcoin is useless and the price is going to dump to 0 and exchange will not recognized bitcoin so can be destroy. But can people destroyed bitcoin ? I guest so if their is high risk there is possibility bitcoin can destroyed if they find the one who invent bitcoin possible can destroy. but we can destroy possible not . we proud our ourselves that bitcoin is part of our life today or even the future.
lol I dont think anyone can destroy bitcoin, atleast no government in my opinion has the guts to shut it down, but yes bitcoin can be destroyed only and only by its own devs.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Who are the people that made BTC price surge>? of course its users and its supporters and fans, if they will abandon BTC then it will be destroyed. The government and some powerful people might destroy BTC too, not literally destroy the whole thing but can make things worst like they make BTC as an illegal thing like for example weeds.
A technical breakdown can destroy BTC too, because the technology of BTC purely relies on the power of its code, if that code is cracked then this will be the end of it.
A lot of people can destroy bitcoin. I think that the banks can destroy it by buying bitcoin and dumping it to 0 on the exchanges later. Also bitcoin cash is a huge risk, I feel like they want to destroy bitcoin by dumping btc to buy bch.
The direct answer to your question, is yes, you can “destroy” bitcoin but not in the traditional sense.
The blockchain holds a record of the coins that get sent in and out of an address. The only way to send coins out of an address is to use the private key that created that address. No private key, no ability to send or verify those coins.
One could potentially “destroy” coins by sending them to an address that has no private key, or to simply send it to yourself and erase all copies of your own private key. This will result in those coins being lost in that address forever effectively destroying them.
The blockchain holds a record of the coins that get sent in and out of an address. The only way to send coins out of an address is to use the private key that created that address. No private key, no ability to send or verify those coins.
One could potentially “destroy” coins by sending them to an address that has no private key, or to simply send it to yourself and erase all copies of your own private key. This will result in those coins being lost in that address forever effectively destroying them.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I think it is very difficult for its market value to be zero. Bitcoin can continue to live even if its value decrease a lot. However, if bitcoin was destroyed , probably destroyers would be governments.
Actually noone can destroy Bitcoin for now except the investors, if they're not paying their intension for Bitcoin any more, i'm sure Bitcoin will be dead.
Probably your ideas are correct. But there are also some instances that the people can destroy bitcoin especially those people who are good in programming. They can have the ability to hack all the bitcoin accounts and even our bitcoin wallet because they are studying how to hack. But maybe my imaginations are too broad about it. Investors also could be the reason that the bitcoin will be destroyed because if they will not pay what they owe and buy some bitcoin, so there is also a possibility that it will be destroyed because of them.
I think right now no one can destroy bitcoin of course there are possibilities that bitcoin destroyed but these possibilities are not likely to happen an example is internet shutdown bitcoin will gonna be destroyed if this happen but it's impossible and if all of the countries ban bitcoin it's value will starting to crashed but it's impossible too as you can see a lot of country is recognizing bitcoin so why will they ban it. Basically in this moment nothing can destroy bitcoin.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Lack of faith. Forks after forks. And government. If bitcoin were to be banned in all countries, there will be no people who would like to invest in it as it will be considered illegal. For now, those factors are unlikely to happen this year 2017. But I think bitcoin will continue to grow even if it experience many dumps as it is the step for new possibilities and opportunities for other people.
Well, maybe quantum computer can do something bad to bitcoin, but it won't be destroyed.
Anything consensus related can be solved with a hard fork.
Sha256 will not be affected by quantum computers because the difficulty will adjust to that so blocks will still be on average every 10 minutes.
But many people don't believe that quantum computer will exists someday, its like fiction for them.
Anything consensus related can be solved with a hard fork.
Sha256 will not be affected by quantum computers because the difficulty will adjust to that so blocks will still be on average every 10 minutes.
But many people don't believe that quantum computer will exists someday, its like fiction for them.
Governments can ban and destroy bitcoin.
Softrware hackers or supercomputers can't do this really. The algorithm of the bitcoin is supercomputer resistant, I guess.
Actually noone can destroy Bitcoin for now except the investors, if they're not paying their intension for Bitcoin any more, i'm sure Bitcoin will be dead.
I was thinking the same thing before investing in Bitcoin. Is there any factor or factors that can remove it from the market. But now on I do believe that it has grown too much and even US legalized it by putting licence and a kind of tax in it. Bearing in mind that other countries are also taking some steps towards it to legalize it or making it usable in financial institutions which makes it as a fiat currency so I do believe that the same factors that can destroy dollar or euro also apply to bitcoin.
Bitcoin will not destroy anyone. However, since Bitcoin is online based coins, if for some reason the Internet system is in place then Bitcoin will automatically be destroyed.
I know everyone is thinking that nothing can distroy bitcoin . I also think so. Bitcoin popularity increased so much that it coudnot be destroyed like that. But etherum has great potentiality to give a race in crypto world.
People who will not support it and government
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