Pages:
Author

Topic: Who can destroy Bitcoin ? - page 35. (Read 21748 times)

sr. member
Activity: 1071
Merit: 253
October 19, 2017, 01:11:49 PM
if until crushed maybe there is only one major cause of the absence of the Internet network to access the forum bitcointalk automatically no more can open even rely again as a place earn revenue.
Well it’s true that internet can make a problem for bitcoin but I don’t think so it can be happen because bitcoin is not going to do something wrong it work on humanity every one they are going to learn from bitcoin and they are taking good advantage of it if someone can destroyed bitcoin that might be new coming crypto currency which can make a problem for it.
hero member
Activity: 552
Merit: 500
October 19, 2017, 11:10:48 AM
The same people that is mainly affected by Bitcoin could destroy it. I'm talking about the banks and the powerful nation that the bitcoin was designed to counter. As of now, they will start to feel the effect of bitcoin on their economy and on the flow of their money then they will start to conspire against bitcoin. But I think the people will support bitcoin and they will fail miserably if they try to destroy bitcoin. This era is revolutionary because power will be distributed to many instead of being horded by a few.
You're right about you said about the banks and some powerful nation but some of the banks are now supporting blockchain network and a lot. Of powerful nation are now signin bitcoin into their law bill. However, if a situation where banks or powerful are against bitcoin happen, it can't destroy bitcoin and the only thing which will be affect is the price of bitcoin.
Although they can not make Bitcoin disappear, but you must to remember, the price of Bitcoin will have lowest price like the incident Mt.Gox exchange stolen all Bitcoin of user. Therefore, the Bitcoin community need to keep their calm and do not let the government need to have any limits or ban for Bitcoin and the cryptocurrency world.
hero member
Activity: 658
Merit: 500
October 19, 2017, 10:57:24 AM
Bitcoin would be destroyed if:
1. No one use bitcoin
2. World War or World Economy failed
3. Power grid or Internet gone
4. Some kind of mystery power destroy bitcoin
5. Another kind of virtual money is more popular and valuable than bitcoin so nobody interested in bitcoin

I hope the day bitcoin is destroyed would never come.

I agree with your answer in number 1 and 2.

Quote
Power grid or Internet gone
Internet will not gone for long time, if it happened it will make business loss also will make economy fail for temporary.

Quote
Another kind of virtual money is more popular and valuable than bitcoin so nobody interested in bitcoin
One of the power of bitcoin is people can create their money using machine, if another virtual money can't do this it wont beat bitcoin. Bitcoin development also always continued
full member
Activity: 518
Merit: 106
WWW.BLOCKCHAIN021.COM
October 19, 2017, 10:23:12 AM
I think on the halving every 4years BTCit might stack on 1000k $ per BTC it will depend on the halving
full member
Activity: 350
Merit: 105
October 19, 2017, 10:16:09 AM
The man who created bitcoin can destroy it. Second the internet if going to shutdown and the third is government.
newbie
Activity: 28
Merit: 0
October 19, 2017, 06:58:54 AM
I do not think anyone can destroy bitcoin as long as bitcoin can be traded and accepted as a medium of payment for trade transactions
member
Activity: 112
Merit: 10
October 19, 2017, 06:00:45 AM
Bitcoin would be destroyed if:
1. No one use bitcoin
2. World War or World Economy failed
3. Power grid or Internet gone
4. Some kind of mystery power destroy bitcoin
5. Another kind of virtual money is more popular and valuable than bitcoin so nobody interested in bitcoin

I hope the day bitcoin is destroyed would never come.
jr. member
Activity: 115
Merit: 2
October 19, 2017, 03:25:44 AM
I think that bitcoin is just the experimental project that has suceeded beyond all expectations.

There may come a time where bitcoin will fade away and lose its value as it is replaced by a different crypto that adapted better to the challenges of life.
bitcoin is the famous and great first cryptocurrency.

In the distant future, bitcoin artifacts may have been preserved. authentic blockchains, private keys to priceless coins.

the thing that wants to destroy bitcoin is the original centralized systems as they recognize how impossible it is for them to retain their advantage that was built on nothing other than systemic inefficiency.

small events like successful 51% attacks and quantum stuff will affect bitcoin in the way you should expect a decentralized system to be affected. the news will spread faster than the attacks and people will react to protect the network.

If u really want to destroy bitcoin and all it stands fo. seriously should consider using weapons of mass destruction. nuclear, chemical, biological. kill as many people as possible as fast as possible and destroy everything. just get it over with.


sr. member
Activity: 1400
Merit: 420
October 19, 2017, 03:07:08 AM
I do not think anyone can destroy bitcoin, because a big country like China itself, which forbids bitcoin, has only a small impact on bitcoin.
For now bitcoin can not be destroyed because bitcoin becomes a very strong crypto currency, unless there is a higher crypto currency competitor than bitcoin that can destroy the popularity of bitcoin.

China's recent stance on bitcoin is a selfish act, they did not ban the coin directly what they did was regulated their citizens on trading the coin outside their country. Implication of this would be Chinese will hold most of the coin in the future since they are still mining and not trading externally.

What can destroy the coin is it's fame vanishing, the coin itself don't have a value unlike fiat they have gold reserves that supports their worth. Bitcoin only depends on the people who thinks that it is worth something that is why trading is getting high. Once people realize that they don't have anything to use it for then price will go down.

That coin is not yet on its maximum potential. Businesses are just starting to accept the coin so it still has a wide future.
newbie
Activity: 50
Merit: 0
October 19, 2017, 02:55:59 AM
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.
full member
Activity: 420
Merit: 101
Earn crypto for being contacted
October 19, 2017, 02:33:58 AM
I do not think anyone can destroy bitcoin, because a big country like China itself, which forbids bitcoin, has only a small impact on bitcoin.
For now bitcoin can not be destroyed because bitcoin becomes a very strong crypto currency, unless there is a higher crypto currency competitor than bitcoin that can destroy the popularity of bitcoin.
sr. member
Activity: 1330
Merit: 258
October 19, 2017, 02:12:12 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

No one can do it.
It possible when internet shutdown only or electicety off Smiley
But can't stop internet.. has no button "OFF"
newbie
Activity: 26
Merit: 0
October 19, 2017, 02:08:37 AM
None accept government in your country decides to ban exchangers and block all the IPS address related to bitcoin
hero member
Activity: 2786
Merit: 657
Want top-notch marketing for your project, Hire me
October 19, 2017, 01:40:42 AM
The same people that is mainly affected by Bitcoin could destroy it. I'm talking about the banks and the powerful nation that the bitcoin was designed to counter. As of now, they will start to feel the effect of bitcoin on their economy and on the flow of their money then they will start to conspire against bitcoin. But I think the people will support bitcoin and they will fail miserably if they try to destroy bitcoin. This era is revolutionary because power will be distributed to many instead of being horded by a few.
You're right about you said about the banks and some powerful nation but some of the banks are now supporting blockchain network and a lot. Of powerful nation are now signin bitcoin into their law bill. However, if a situation where banks or powerful are against bitcoin happen, it can't destroy bitcoin and the only thing which will be affect is the price of bitcoin.
full member
Activity: 364
Merit: 100
October 19, 2017, 01:09:48 AM
the one who is discourage by bitcoin and the one who does not like it will try to destroy bitcoin. There are some others who are not using bitcoin they will communicate false arguments in the society and therefore people are shifting to other currencies. Like alt coin the other currencies are growing they will shift to other currencies.
member
Activity: 736
Merit: 11
October 19, 2017, 12:30:03 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

The strongest scenario if in the world is a catastrophe or a major war involving destruction in this world, then there is no power grid and internet. That's where Bitcoin is no longer feasible. Because no one cares about the high price of Bitcoin.
member
Activity: 238
Merit: 10
October 19, 2017, 12:25:34 AM
I think alien invasion can destroy the bitcoin or something a glitch from world wide web in future? but who knows. Possible government institutions may interfere bitcoin.
newbie
Activity: 14
Merit: 0
October 19, 2017, 12:19:48 AM
I think no one can do that, bitcoin can only be devalued, can destroy it!!!
sr. member
Activity: 415
Merit: 250
October 19, 2017, 12:06:52 AM
be sure nothing can destory Bitcoin  Grin
bitcoin actors would expect bitcoin prices to stay good, so actually that can make zero bitcoin prices for sure bitcoin actors, as long as there are bitcoin trades bitcoin prices must remain stable

Exactly, Its hard to destroy bitcoins. Maybe a country with high economy can damage the life of bitcoins. Other wise there's nothing exist who can destroy it. When china banned the ICO the price fall down and the market start showing negative impact but now its showing positive and the price is back with high rating. Also coming hard fork is making price rise as people are very positive about it.
member
Activity: 350
Merit: 10
October 18, 2017, 09:49:05 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin will destroy if cannot use it,if the internet in the worldwide is shotdown the bitcoin back to zero and I think its not gonna happen because in our everyday life we need internet to all transaction.  So I think bitcoin is never gone and go down to zero unless all people not use it.

Yeah i also think that bitcoin cannot be destroyed and the only way to remove its circulation in the market is if there is no one in the world use it and that is the time that the value will slowly decrease and eventually die.
Pages:
Jump to: