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Topic: Who can destroy Bitcoin ? - page 24. (Read 21748 times)

newbie
Activity: 30
Merit: 0
November 07, 2017, 10:54:27 AM
Bitcoin will be impossible to destroy for it's mass adoption around the world! Some other currencies like ETH or Litecoin could give it a competition but can never destroy I believe! Roll Eyes
newbie
Activity: 3
Merit: 0
November 07, 2017, 10:47:03 AM
Bitcoin is decentralized with no 1 manage that mean no one can ruin bitcoin , only when the federal government forbids it, it is just the government that can ruin bitcoin .
full member
Activity: 169
Merit: 100
November 07, 2017, 10:08:51 AM
Internet shutdown?
Or perhaps if there is huge event happening in the future that I cannot even think of Grin
Your opinion is true if internet around the world is dead maybe this will cause the bitcoin to disappear for forever, but whether event like this will happen. Internet connection is very important because it is one way that we can transaction and access bitcoin.


I actually believe that at this point nobody can destroy bitcoin. even if they breake the internet connection, there would still be alternative networks to run on it.

Once internet connection is gone all over the world this would be death not only of bitcoins but almost everything because in present time almost everything and everyone relies on internet from average society to giants of industry/business, so I dont think people wont let internet connection done but build it more powerful rather.
newbie
Activity: 1
Merit: 0
November 07, 2017, 10:01:52 AM
Internet shutdown?
Or perhaps if there is huge event happening in the future that I cannot even think of Grin
Your opinion is true if internet around the world is dead maybe this will cause the bitcoin to disappear for forever, but whether event like this will happen. Internet connection is very important because it is one way that we can transaction and access bitcoin.


I actually believe that at this point nobody can destroy bitcoin. even if they breake the internet connection, there would still be alternative networks to run on it.
copper member
Activity: 896
Merit: 110
November 07, 2017, 09:59:19 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

I think it cannot happen anymore due to our technology that can back it up. Maybe it can have problems some time but it can be fix and never be destroyed.
newbie
Activity: 18
Merit: 0
November 07, 2017, 09:58:20 AM
Most probably the countries themselves. If they recognize the cryptocurrencies, it is only a matter of time before they lunch their own. It would be quite difficult to be in a competition with a national cryptocurrency, wouldn't it?
full member
Activity: 168
Merit: 100
November 07, 2017, 09:56:44 AM
Its too late for anyone to conceive an idea of destroying BTC. With the way it has grown and its application in the business world it will be nearly impossible to destroy BTC.
full member
Activity: 350
Merit: 101
Your professional profile on the blockchain
November 07, 2017, 09:48:36 AM
I think it could be a next-generation blockchain. For example, now we have prototype of something similar: IOTA which is using HASH-Graphs.
member
Activity: 154
Merit: 15
November 07, 2017, 09:46:39 AM
Hm, I think it cant be destroyed cause it is implemented in online chains and it can only fall down in price but can disappear. We are all participating in bitcoin growth and fall cause we are digging it in all possible ways and because of us; investors, gambler, miners and all kind of other people bitcoin will prevail!
full member
Activity: 560
Merit: 100
November 07, 2017, 09:46:27 AM
Internet shutdown?
Or perhaps if there is huge event happening in the future that I cannot even think of Grin
Your opinion is true if internet around the world is dead maybe this will cause the bitcoin to disappear for forever, but whether event like this will happen. Internet connection is very important because it is one way that we can transaction and access bitcoin.
full member
Activity: 504
Merit: 100
Bitgesell (BGL) Decentralized Cryptocurrency!
November 07, 2017, 09:43:37 AM
in addition to the list that includes war, no internet and so on I think it can be a virus that can use neuronet to crush the structure of blockchain. lol or even change to code to trasfer the numbers to its owner.
full member
Activity: 347
Merit: 100
November 07, 2017, 09:39:53 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.


For me no one can destroy it because this bitcoin is a secured site. I don't think that there is a person that want to destroy it because they all know that there are so many people are only defending on it. Some of the users here are student and this is the only way that they know to earn money and this is the only way they know so that they can supply the needs of their family.
full member
Activity: 224
Merit: 100
November 07, 2017, 09:32:27 AM
Nobody can destroy Bitcoin because this market is not controlled and completely free. I think only satoshi can kill Bitcoins but no one ever knew who Satoshi was and why Satoshi can make Bitcoins.
full member
Activity: 182
Merit: 100
November 07, 2017, 09:28:42 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

I don't think any possible reason which could lead to zero market value of bitcoin. The value could go down through time and because of hard fork but zero value is not possible.
hero member
Activity: 1273
Merit: 507
November 07, 2017, 09:25:15 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

We humans also can break the Bitcoins. Especially people with power like the Government. If the government is united to remove and make the bitcoins illegal it is possible. However, there should be some details as to why they will make it illegal. Just like its bad effect on the people, And other things that can be bad for the people who use it. But it's very impossible that bitcoins we use good things and have a great impact on their financial needs.
newbie
Activity: 14
Merit: 0
November 07, 2017, 09:22:45 AM
Only united international association of banks can.  And Putin  Cheesy
member
Activity: 518
Merit: 10
November 07, 2017, 09:18:42 AM
To me the fact of the economic version reminds we are the rulers for bitcoin price, if the demand is high there will be a raise in price and when demand decreases price falls.
So it's all in our hands, to be added it's all we need to understand such never happens reason why it is spreading in all sectors of payments.
full member
Activity: 192
Merit: 101
November 07, 2017, 09:15:39 AM
one way to disrupt the bitcoin market is when all humans in this world are not using bitcoin anymore.
because anyone who registers sekenarionya will not be able to destroy the bitcoin market if users are still very much in this world.
even satoshi I think not necessarily can make bitcoin bitcoin prices destroyed because many investors involved there, except if he deleted bitcoin secretly.
full member
Activity: 128
Merit: 100
November 07, 2017, 04:55:37 AM
I think that actually the governments can destroy bitcoin if they work together everything would be gone because they control nearly everything in the world the governments.

Bitcoin would fall less than a week because its also unstable so it would fall really hard.
sr. member
Activity: 588
Merit: 257
November 07, 2017, 04:48:49 AM
If we see the development of bitcoin it seems impossible to stop this cryptocurrency.
Even after IOC ban by China, Japan and regulation impositions by Indonesia , Australia this currency is still rising.
If all nations  or Unions of the world took collective decision of banning or regulating bitcoin, then only this is possible.
Internet is the life of any cryptocurrencies. Major technical difficulty resulting in disconnection of internet connectivity for a prolonged period can destroy bitcoin.
Major cyber attack on bitcoin wallets or on blockchain can disturb bitcoin network.
Rise of any new cryptocurrency or any new concept of trade/ transaction and investments can compell people to change their focus from bitcoin currency.
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