Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I do not think there is anything that can destroy the bitcoin or it can make it reach zero or even half the current value. 
Topic: Who can destroy Bitcoin ? - page 25. (Read 21748 times)
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
bitcoin will not be destroyed by anyone, bitcoin will become big and become the king of digital currency in the future.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
no one can and can destroy bitcoin, because bitcoin has a lot of requests or enthusiasts that make bitcoin in looking for everyone.
Until now no one can beat bitcoin, but if we talk in general only ETH has the potential to beat bitcoin, but I think for now ETH can not beat it.
But soon the possibility of ETH will be ranked 1
But soon the possibility of ETH will be ranked 1
yes you are right bitcoin have energy above now but that future I also see ETH cause they are gaining ground now so powerful
What if block access to wallets or to the whole Internet, as in North Korea? who needs bitcoin if you can't use it. It is same as destruction I think
A global currency means the end of nations and fiat currencies.
Soon we will all be citizens of the planet earth.
Your passport will be simply a bitcoin wallet with one single Satoshi
Soon we will all be citizens of the planet earth.
Your passport will be simply a bitcoin wallet with one single Satoshi
Internet shutdown?
Or perhaps if there is huge event happening in the future that I cannot even think of
Or perhaps if there is huge event happening in the future that I cannot even think of
As we have no begin to see the countrys can forbid or output the bitcoin as China has been doing they forbidden the trade of Bitcoin !If my Nation (germany) will also forbid a trade of Bitcoin then all m Bitocins are lost i think XDLets hope the goverments see the good thinks within the blockchain and employ it also as iceland do and some other excellent small countrys now satrt to do !But ultimately they only can prohibit a Coin and never ruin it best wishes
pretty much no one
so far, I do not know who has the power that can destroy bitcoin. but, I think, when bitcoin becomes illegal, bitcoin will be destroyed by itself, because there probably will not be any market demand for bitcoin anymore.
Yes, you could theoretically destroy Bitcoin.
Here are some scenarios - although unlikely, still theoretically possible:
Massive DOS attack which completely takes out all miners. Without miners, you can’t validate transactions and create new blocks. Without new blocks no movement of Bitcoins. It’s dead. By the way, most probably the internet would be dead too.
You break the cryptography behind the Proof of Work algorithm. It’s a mathematically sound approach, as it’s mathematically possible but just very, very, very hard. In simple terms: You can fake the complete chain if you manage to re-create a new chain which is longer than the real chain, which is completely sound to all the mathematical constraints for blocks and transactions, in the time it takes the other miners to create the next valid block. Potentially possible, for example, if you build a quantum computer in your garage and work out an algorithm which is able to do that.
A massive restriction on the global scale: Governments all over the world restrict the contact points with regular money and make it very, very hard to exchange Bitcoins. Which would make it useless for transactions outside the network?
Here are some scenarios - although unlikely, still theoretically possible:
Massive DOS attack which completely takes out all miners. Without miners, you can’t validate transactions and create new blocks. Without new blocks no movement of Bitcoins. It’s dead. By the way, most probably the internet would be dead too.
You break the cryptography behind the Proof of Work algorithm. It’s a mathematically sound approach, as it’s mathematically possible but just very, very, very hard. In simple terms: You can fake the complete chain if you manage to re-create a new chain which is longer than the real chain, which is completely sound to all the mathematical constraints for blocks and transactions, in the time it takes the other miners to create the next valid block. Potentially possible, for example, if you build a quantum computer in your garage and work out an algorithm which is able to do that.
A massive restriction on the global scale: Governments all over the world restrict the contact points with regular money and make it very, very hard to exchange Bitcoins. Which would make it useless for transactions outside the network?
I believe that this bitcoin will successfully grow and no one can ever destroy this as long as the government has no control on it and they will allow this as legal and they will not ban it.
They will just inform the individuals with the fake news telling that bitcoin is scam or whatever news that will destroy bitcoin but nothing they can do! Because it is trusted by many individuals who support bitcoin.
They will just inform the individuals with the fake news telling that bitcoin is scam or whatever news that will destroy bitcoin but nothing they can do! Because it is trusted by many individuals who support bitcoin.
Someone are 10000% percent sure that China can destroy Bitcoin. Well, that is not true at all. Even China is famous for its work with it, it doesn't mean that they decide the future of Bitcoin.
However, there is one big factor that can be fatal for Bitcoin. THE GOVERNMENT!!! Since Bitcoin is an online currency, if the governments decide the stop the internet, they can easily wipe off Bitcoin. In fact, they can wipe off most of the other banking as well because most of it is online these days.
They can make minning illegal. If these miners could be shut down, no more Bitcoins will be generated, which could bring down the system.
However, there is one big factor that can be fatal for Bitcoin. THE GOVERNMENT!!! Since Bitcoin is an online currency, if the governments decide the stop the internet, they can easily wipe off Bitcoin. In fact, they can wipe off most of the other banking as well because most of it is online these days.
They can make minning illegal. If these miners could be shut down, no more Bitcoins will be generated, which could bring down the system.
I agree to everyone else that Bitcoin right now sure is impossible to be destroyed.
Bitcoin indeed is pretty strong
Bitcoin indeed is pretty strong
Yes, bitcoin is very strong right now. I think bitcoin is impossible to zero, that year directly reduced from $8000 to $1000, and many people say that it will return to zero. I have confidence in this market. 
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Who can destroy bitcoin? Who is it? For me, The other government or any countries can. Why? because other countries ban the bitcoin or crypto in their country. So I think that other countries can destroy country. We know that other countries are good at computers. So they can destroy the bitcoin specially to the country that banned the bitcoin. They think that the bitcoin is unfair to other people so they banned it in their country.
The things below can destroy bitcoin no matter what.
-Serious governments like USA, China, Japan, Germany and Russia can destroy bitcoin if they want.
-51% attack on bitcoin makes all the transactions orphan. This would destroy bitcoin.
-Hacking that will break the code of bitcoin.
-No internet situation during a war.
-Serious governments like USA, China, Japan, Germany and Russia can destroy bitcoin if they want.
-51% attack on bitcoin makes all the transactions orphan. This would destroy bitcoin.
-Hacking that will break the code of bitcoin.
-No internet situation during a war.
I think that can destroy bitcoin is the government and the bank because they are the ones who hold full power over the people in determining currency. the government began banning the use of bitcoin as a medium of exchange because bitcoin can lead to a decline in the currency in a country and reduce government revenue in the banking sector. But there is still another one that can destroy bitcoin that is starting new currency such as dogecoin, altcoin, blackcoin and others so it will be a bitcoin competitor or even in the future can beat bitcoin.
You can't "destroy" bitcoin.
It's close to impossible.
For bitcoin to continue to survive it only needs one miner with a full node (copy of the blockchain).
It would be the same thing as the government being able to delete all porn from all the computers, in every country at the same time.
Chances for that to happen are close to 0.
As for the second threat...dogecoin?
Common, we're grown man around here, let's talk seriously.
Online hackers.Due to online hackers people will get frightened their pocket book is going to be hacked and individuals will stop using bitcoin.But is it's not such a large risk though.
So it is a risk or it is not?
Hackers have prayed on bitcoin users with phishing scams, malware, fake wallets and many others for years.
Nothing has stopped the growth in users.
Realistically I don't know if it will go away. Cryptocurrency will always be around in my opinion. The only thing is if a new coin comes into the picture and drives Bitcoin out. Currently, though I do not think such coin exists.
Online hackers.Due to online hackers people will get frightened their pocket book is going to be hacked and individuals will stop using bitcoin.But is it's not such a large risk though.
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