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Topic: Who can destroy Bitcoin ? - page 30. (Read 21748 times)

hero member
Activity: 1022
Merit: 521
October 27, 2017, 06:32:44 PM
Some computer scientists say quantum computers are moving closer to reality and will cripple bitcoin’s encryption systems and doom bitcoin. Governments are investing aggressively in quantum computers, which are ultra powerful.

Quantum computers, first theorized by physicist Richard Feynman in 1982, have promised a new era of computing. The theory has only recently translated into significant real-world advances, with NASA, the CIA and Google working on a quantum computer. Computer scientists now warn the machines will cripple existing encryption methods and destroy bitcoin’s technological foundations.

Andersen Cheng, co-founder of Post Quantum, a U.K. cybersecurity firm, said that bitcoin will end the day the first quantum computer arrives. He said the quantum computer will undermine the cryptography surrounding bitcoin’s public and private keys.
Bitcoin recipients share their public key with the sender. To spend bitcoin, a bitcoin owner must use their private key. If another party learns the private key, that party can spend all the bitcoin.

Martin Tomlinson, a professor at the Security, Communications and Networking Research Centre in Plymouth University, said a quantum computer can calculate the private key from the public one in a minute or two. By learning all the private keys, someone would have access to all available bitcoin.
Tomlinson did not know when the first quantum computer will appear that will have this capability, but he noted that extensive research is under way. The European Commission announced a $1.1 billion project earlier this year aimed at bringing a “quantum revolution.”
For sure Bitcoin is very highly profitable currency. The destruction of Bitcoin is never possible because the investors are purchased bitcoin when its price is down and sale it when its price going up. But there are some factors which can really affected it. Like the world war is the big factor which can be cause of huge changes in the country. The other one is economy crises that impact the sale of Bitcoin. But all these can’t happen at a time. So bitcoin never dies.
hero member
Activity: 3052
Merit: 651
October 24, 2017, 08:37:17 PM
Restriction of internet connection is the number one way of eradicating bitcoin in this world, centralizing transactions could be the second one.

Correct. That is actually just the ways to stop it.
It is not a who but what steps coukd be done to stop it.
Kill the internet and you wont see it anymore.
If you are really asking for people who can destroy it then it is us. We stop using it value will come to an end and if it just millionth of a cent value you wont even see it in the news. Syonara bitcoin.
full member
Activity: 210
Merit: 100
October 24, 2017, 08:31:54 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Actually to be honest i dont know when and what is the way to destroy the bitcoin becuase i see that bitcoin is totally increasing and so strong so i think no one can destroy in bitcoin except if many investor stop investing in bitcoin.
member
Activity: 448
Merit: 10
Join FlipNpik Telegram : t.me/flipnpikico
October 24, 2017, 07:57:12 PM
I think that every cryptocurrency and it's project would eat piece by  piece
untill fiat money will not be enough to stay price of bitcoin high.
sr. member
Activity: 462
Merit: 250
October 24, 2017, 06:53:51 PM
Restriction of internet connection is the number one way of eradicating bitcoin in this world, centralizing transactions could be the second one.
Yes that can be but i do not think that it will ever happen, because we cannot afford internet to be restricted for a single minute. as most of our government department ad depending on internet for a lot of purposes therefore i do not think that it will be ever possible. I am sure that internet will remain as forever, and so we can expect the same for bitcoin to remain as for ever as crypto currency.
member
Activity: 224
Merit: 10
Streamity Decentralized cryptocurrency exchange
October 24, 2017, 01:12:17 PM
Restriction of internet connection is the number one way of eradicating bitcoin in this world, centralizing transactions could be the second one.
full member
Activity: 378
Merit: 100
October 24, 2017, 12:36:29 PM
stop trading them. If you do not buy anything for btc, then demand will fall on it, and then, nothing else will be sold for it. No demand, no btc
hero member
Activity: 3038
Merit: 634
October 24, 2017, 12:28:40 PM
The government, the society, the community or the people that can destroy bitcoin. There's no way for a computer to destroy bitcoin, I think also there's really no way for bitcoin to be destroyed now.

The codes are open source and anyone can modify it but bitcoin is running already as a digital currency just like fiat money that they can change the design of the paper or logo's on it.

But it's value will never change.
newbie
Activity: 42
Merit: 0
October 24, 2017, 12:22:51 PM
As I think Bitcoin cannot be destroyed it has most of the power to compete with today's currencies . Bitcoin is too strong and cannot be destroyed . What do you think ?
legendary
Activity: 1232
Merit: 1080
October 24, 2017, 08:21:18 AM
No one. Its why satoshi made it like it is. It's unstoppable no government can take it down.
full member
Activity: 161
Merit: 100
October 24, 2017, 08:12:44 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
For me, i have a prediction that in the future there will be new cryptocurrencies that will rise that are better than bitcoin. If there will be new cryptocurrencies, people will tend to use that new crypto because its the recent and more developed and as a result, the price of bitcoin will be worthless.
member
Activity: 98
Merit: 10
October 24, 2017, 08:10:55 AM
Bitcoin is safe,only goverments if ban bitcoin,but hackers or something other cannot destroy bitcoin you see he is created before long time ago and he survived and today he is stronger than even befor.
newbie
Activity: 33
Merit: 0
October 24, 2017, 08:10:28 AM
We don't even know who created bitcoin, how can we destroy bitcoin??? If at the first place, we know the creator of bitcoin, maybe we can destroy it slowly and slowly. But now, not only we don't know the creator, people who holding bitcoin is actually quite big and can't be destroy with only 1 strike. So no one can, let it be
newbie
Activity: 12
Merit: 0
October 24, 2017, 08:04:10 AM
I think it would be very hard to destroy Bitcoin. It is established now.

BUT.............

If all governments as well as China were to make Bitcoin an illegal form of payment (which they could do). Then Bitcoin has no value, as you can't spend it anywhere. This would end Bitcoin.

Blockchain technology however will not be banned, the blockchain will be everywhere in 15 years.
member
Activity: 98
Merit: 10
trade.io
October 24, 2017, 07:56:56 AM
The collapse of humanity as we know it will be the only reason behind the collapse of Bitcoin and crypto-currency in general.
Blockchain technology is here to stay as long as technology exists.
full member
Activity: 238
Merit: 100
October 24, 2017, 07:51:18 AM
I dont think anything can destroy it permanently.It's demand is increasing .It's.price is touching new heights. So in this present scenario , i dont think any factor can destroy it or make it's market value zero.
sr. member
Activity: 616
Merit: 251
October 24, 2017, 07:34:57 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.


For me I think no one can destroy bitcoin in easy way. Maybe bitcoin will die in some scenario like World War wherein there is a possible shutdown of internet in the world, lost of electricity and when all people are gone.
full member
Activity: 359
Merit: 100
October 24, 2017, 07:30:31 AM
There are three ways to destroy bitcoin. Its my personal thinking only
1. A world war or nuclear war will  probably destroy bitcoin because a lot of people will be withdraw from crypto currency.
2. Internet Problem, If there are no internet bitcoin can not be used.
3. End of the electricity.
in my personal opinion that can destroy bitcoin. If that dose not happen then bitcoin will still exist and still used by the world community.

You have a point. But that is really impossible to happen. Just like in bitcoin, it is really impossible for it to destroy. No one can destroy  bitcoin even the government.
sr. member
Activity: 868
Merit: 266
October 24, 2017, 07:29:54 AM
nobody can ever destroy bitcoin unless its own users as long as its users still use bitcoin, bitcoin will never die and, as long as we are all still loyal to bitcoin, bitcoin will never be destroyed, will remain alive and growing investment will greatly keep the stability of bitcoin .
With the exception of a global war which will wipe mankind off the surface of the earth, I think the another way that bitcoin can destroy is when the entire world governments make up their mind to ban bitcoins, this will drop the value of bitcoins so low that people will lose interest in it.
sr. member
Activity: 336
Merit: 250
October 24, 2017, 07:24:51 AM
nobody can ever destroy bitcoin unless its own users as long as its users still use bitcoin, bitcoin will never die and, as long as we are all still loyal to bitcoin, bitcoin will never be destroyed, will remain alive and growing investment will greatly keep the stability of bitcoin .
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