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Topic: Who can destroy Bitcoin ? - page 22. (Read 21748 times)

member
Activity: 93
Merit: 10
November 10, 2017, 03:45:12 PM
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.
full member
Activity: 350
Merit: 100
November 10, 2017, 03:05:51 PM
The only thing I think that can destroy bitcoin within a tickle of eyes is panic. Panic is a trig that fear which lead people pulling out their investment and it will negatively affect the price of bitcoin. That's what I sees the government do most times is to create panic in the bitcoin world.   
full member
Activity: 210
Merit: 100
November 10, 2017, 02:08:30 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Maybe this time to beat bitcoin is impossible, but someday definitely bitcoin will down and there is a new rank 1.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
November 10, 2017, 02:02:04 PM
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.

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.
Your statement that governments can ban and destroy bitcoin is silly in so many ways. Just look at what happened when China decided to ban the bitcoin exchanges in their country. Obviously, nothing happened. The Chinese caused a small dip in bitcoin value, but now it is rallying like crazy to a new ATH. The truth is that no government in the world can ban bitcoin and the crypto world. The current bitcoin rally validates my statement.
newbie
Activity: 28
Merit: 0
November 10, 2017, 01:33:35 PM
I dont think there is any1 that can destroy bitcoin for now. The only competitor i see is etherium but it will take alot from them to conquer bitcoin
newbie
Activity: 56
Merit: 0
November 10, 2017, 01:30:03 PM
Destroy bitcoin can only all governments together, if all countries in the world will recognize bitcoin as illegal, but even if it happens I think that bitcoin will still working. And also investors themselves, if big players will stop investing in bitcoins millions and billions money, then bitcoin will collapse, and there will be no demand for it.
sr. member
Activity: 868
Merit: 281
November 10, 2017, 01:16:26 PM
Absent a massive catastrophe on planet Earth, nothing can destroy bitcoin, and certainly no single entity or nation. Bitcoin is designed to survive censorship and hacking attempts. Individual units of the cryptocurrency can be stolen or destroyed, but the system as a whole will remain intact.
legendary
Activity: 1596
Merit: 1034
November 10, 2017, 01:14:15 PM
I do not think bitcoin will suffer destruction because over time more and more people are using bitcoin to perform various transactions or just investment. only one thing can destroy the bitcoin ie the internet. bitcoin will be destroyed if the internet can no longer be accessed and it will be impossible.
newbie
Activity: 8
Merit: 0
November 10, 2017, 01:09:18 PM
China and Russia
hero member
Activity: 1400
Merit: 536
November 10, 2017, 01:07:53 PM
I think no one can destroy bitcoin, because no one has the ability to destroy it. I think if someone can try to destroy it they will not successful and they spend a lot of time before they destroy bitcoin completely. Because bitcoin is very popular and in demand in all over the world. Its impossible that someone can destroy bitcoin because it is strongest currency now and stable. No one can attempt to destroy bitcoin because it is useful and profitable. We always believe that bitcoin is much stronger than any other currency.
Five to six years ago, nobody believed in Btc, they called ponzi and balloon. A long time passed and BTC proved itself, but BTC needs to constantly update itself. They said the Titanic ship would not down, but it went down.
full member
Activity: 213
Merit: 100
November 10, 2017, 01:02:55 PM
Bitcoin could have been destroyed several years ago, at the stage of initial development and instability. Now this is impossible. He firmly sits in the world economy, a huge number of people continue to invest in it. There must be something incredible that will completely change the world - a natural catastrophe, the disappearance of the Internet and technology (which is unlikely).
sr. member
Activity: 371
Merit: 250
November 10, 2017, 12:44:31 PM
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.

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.
legendary
Activity: 1120
Merit: 1004
November 10, 2017, 12:43:36 PM
No one to this day can destroy Bitcoin, for the reason that no one can buy a sufficient quantity of power to have at least 70% of the hashpower to thus destroy it. And even if he did it, that person would realise it is way more profitable for him to actually profit from Bitcoin rather than to destroy it. Your bitcoins are safe !
full member
Activity: 392
Merit: 100
November 10, 2017, 12:39:46 PM
A nuclear war? And we will collect lids from Pepsi as in Fallout  Grin
member
Activity: 168
Merit: 22
November 10, 2017, 12:36:03 PM
i dont really think bitcoin can easily be destroy by someone or some bunch of fools. bitcoin is legal in our place its just that the people dont know nor tackle bitcoin an what really it is. .and i think the one who can destroy it is the only one who created it. ,: )
more power to us
copper member
Activity: 126
Merit: 10
November 10, 2017, 12:19:15 PM
At the moment I do not think that something or someone can destroy bitcoin. To replace it, it needs a similar crypto currency, which is more valuable than bitcoin itself. At the moment, there is no replacement.
full member
Activity: 784
Merit: 135
DeFixy.com - The future of Decentralization
November 10, 2017, 12:12:12 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I'm no expert in cryptocurrency but as i see bitcoin now, It is in its peak and just starting to grow more bigger so i can't think of a factor which can make bitcoin disappear, Unless the internet, itself, disappear and the whole world has no access to internet, It is certain that the value of bitcoin will drastically drop or worse disappear.
full member
Activity: 127
Merit: 100
November 10, 2017, 12:06:42 PM
In theory, a coalition of the main goverments can ban bitcoin by putting restrictions over the use of Internet, but goverments have dark hands behind that for sure have interests in bitcoin and altcoins. So, bitcoin will be with us a long time.
full member
Activity: 504
Merit: 122
November 10, 2017, 12:03:56 PM
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.
member
Activity: 252
Merit: 10
November 10, 2017, 12:01:00 PM
Well, no one can predict about it..anything can happen any time..   Grin Grin Grin
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