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Topic: Who can destroy Bitcoin ? - page 27. (Read 21748 times)

member
Activity: 98
Merit: 10
November 02, 2017, 12:11:27 PM
The big owners of bitcoin can destroy because of volatility of bitcoin when the owner did not use his bitcoin anymore or forgot their password the moment they did not recover it is to be consider lost bitcoin and when the number of bitcoin circulating in the market became lost or stagnant thet would be the start that bitcoin will be destroy.
hero member
Activity: 835
Merit: 502
November 02, 2017, 11:49:45 AM
Bitcoin now is worldwide wellknown and  to my mind if will ne the global targetvto destroy bitcoin - all goverments have to make world agreement to do it.  It must be bigger than OUN.
newbie
Activity: 28
Merit: 0
November 02, 2017, 11:32:38 AM
By destroying I will define as a take a bitcoin (an entire unit) and destroy it. In theory the action of destroy is possible.

Use an invalid address with no private key: Just send bitcoins to an invalid address. For example: Bitcoin Address 1CounterpartyXXXXXXXXXXXXXXXUWLpVr
Use bitcoins to send data (notary document ownership or some ID). See Why New Forms of Spam Could Bloat Bitcoin's Block Chain
In theory, you’re not destroying bitcoins but in practice, you’re almost burning these bitcoins.
jr. member
Activity: 47
Merit: 10
November 02, 2017, 11:27:15 AM
If all humans on this earth no longer exist. the bitcoin will be destroyed. humans made bitcoin. And humans can destroy it as well
sr. member
Activity: 812
Merit: 250
November 02, 2017, 11:10:54 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Indeed. No one can destroy but I think there some instances that bitcoin would die. I guess if no one invest in bitcoin or no one use it will probably die. I think if there's no internet bitcoin will also die because it is the most important thing that you need if you want to use or access bitcoin.
newbie
Activity: 42
Merit: 0
November 02, 2017, 11:01:45 AM
Agencies that can quit or battle to bring a finish to bitcoin along with other crypto currencies are the government, anti--fraud companies and any other bodies that combat crypto. These can fight, which might possibly result in victory or perhaps a loss. Closing OF THE INTERNET  will be the only final response to end the existence of bitcoin and crypto currencies.
newbie
Activity: 29
Merit: 0
November 02, 2017, 03:12:34 AM
Looks like no-one is understanding your question.

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.

Though technically speaking, there’s no real way to confirm that you’ve deleted all copies of a private key.
full member
Activity: 658
Merit: 105
November 02, 2017, 02:53:27 AM
But they say that Satoshi Nakamoto has a lot of bitcoin accumulated with the premined. I think if he (or them) wanted to put the bitcoin on. But against his own interest?
full member
Activity: 602
Merit: 100
October 30, 2017, 08:15:37 PM
Many economists comment a negative about bitcoin because bitcoin have no real asset and true value.So question comes up like this subject that who can destroy bitcoin.The only thing that can destroy bitcoin is when there is no more energy or power that mines bitcoin.
member
Activity: 70
Merit: 10
October 30, 2017, 07:44:00 PM
the dollar is not getting stronger. In fact, the bitcoin is not gaining value. Since the crisis of 2008, america has pressed 2 trillion dollars for no charge. This figure is the same amount as the dollar reserve in the shin of China. The dollar decreases the value of dollars in the market by decreasing the purchasing power in the market.ın this position noting can destroy bitcoin. I think we can talk about how bitcoin destroying dolar:)
sr. member
Activity: 546
Merit: 257
October 30, 2017, 06:48:45 PM
I hope nothing will destroy bitcoin. Bitcoin is very popular now and will not be destroyed. the popularity of bitcoin makes it stronger and stronger.

It is obvious the only thing that can destroy or make this digital currency stop is we, the users. Bitcoin is mainly dependent on it's users and investors or holders. If the users and investors all in all dumped their bitcoin you will be seeing the price dump so hard. As it has a high possibility of having a price of $10K, it also have the possibility of going down, but with a low level of possibility of happening.
full member
Activity: 329
Merit: 100
AGATE
October 30, 2017, 06:44:52 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
We know bitcoin is very popular today only the creator can destroyed bitcoin but it is not possible happen because bitcoin is one of the popular cyrptocurrency in the world.Someone who can figure to destroyed bitcoin there are failed .
full member
Activity: 728
Merit: 101
October 30, 2017, 06:29:22 PM
I think bitcoin will be destroyed when the internet is gone, the government or any other party can not turn off bitcoin. Because the network is very wide. maybe they will limit, no more than that.
sr. member
Activity: 434
Merit: 250
October 30, 2017, 06:15:09 PM
The bitcoin will be destroyed if suddenly all countries conspire and decide to close all exchanges or turn off the Internet or just someone will buy up all the bitcoins
ThArsenal rightly so, the collective governments of the world can with a stroke of pen destruction bitcoins forever how, when it banned in the whole world,  investors will immediately panic and start to sell all the bitcoins that they have and that will without doubt drive it so low that no one will even want to buy it anymore.
newbie
Activity: 40
Merit: 0
October 30, 2017, 05:50:02 PM
Goverment and politics my friend, goverment and politics  Grin Wink
sr. member
Activity: 364
Merit: 250
October 30, 2017, 05:48:39 PM
I think it will be destroyed if there is no investor, no transaction using bitcoin, and the sale of large-scale bitcoin.
sr. member
Activity: 277
Merit: 250
October 30, 2017, 05:06:52 PM
Bitcoin large owners who can disperse because of bitcoin volatility when the owner does not use his bitcoin again or forgot his password when they do not recover because they are missing bitcoin and when the amount of bitcoin on the market goes away. or stagnant they will be the beginning that bitcoin will be destroyed.
full member
Activity: 364
Merit: 100
October 30, 2017, 04:40:30 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
The only people who can destroy bitcoin is the goverment because they are the one's who is powerful enough to command to remove bitcoin in the internet because they are thinking bitcoin is just a scam who only plays tricks on people that may result from destroying bitcoin.
sr. member
Activity: 756
Merit: 250
October 30, 2017, 03:31:58 PM
indestructible Bitcoin. currently the bitcoin is leading in the background of digital money. These are the currency of the future. Bitcoin can lose value when there is a better coin community is preferable.
But i have heard that the quantum computer will kill future bitcoin. I've read about it but unclear about it, can anyone tell me about it?

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I also read a lot of negative statements about technology and Bitcoin in general. In fact, if we take this situation seriously, we will not be able to react properly and use the crypto currency. Of course I agree that in the future there may still be different kinds of technology, but nevertheless, the Crypto-currency will make a very significant contribution to the world economy.
full member
Activity: 462
Merit: 100
October 30, 2017, 03:28:23 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
who can destrot bitcoin?for me,its US,we are the only factor that can destroy bitcoin or the crypto world..if we lose faith here.we dont support the community.but as long as we all continue to prosper and help in progres..bitcoin and all the coins will stay until the end
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