Topic: Who can destroy Bitcoin ? - page 37. (Read 21748 times)
Destroy it can disable the Internet and tight regulations around the world. But this will not happen, because it only leads to the decline of society. And between the countries there is a constant war for the first places in the world market. So I do not think that bitkoinu something serious threatens.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Maybe other currency can beat bitcoins but they can't destroy bitcoin. Bitcoin exist as long as many people used it. This belongs in list of the most popular currency in many countries. It can give us more profit and lessen oir work physically.
No one can destroy the bitcoins, because many people love and support there. the bitcoins is super protected better than ssl and ddos protectiion, stronger than bank and gold. more bitcoins lover, bitcoins protected.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I don't think that there is any chance that will result into market of the bitcoin to zero Because the main factor here totally different .Here we can say that few countries who have not decalred any official statement to use bitcoin legally can ban bitcoin use , but still here the Market can't go down to zero Because in this world many are the countries who are big economical power and are using bitcoin as a official and primary way of payment option. So we can understand well that there is no chance of the destroy of the bitcoin and also here we know very well that if any country or government can ban the use of btc but can't stop the Network of the bitcoin , so the perosn who can access the network can easily access the bitcoin also .
So here chances are totally zero to destroy the Market of the bitcoin .
Beside of this there are some chances that bitcoin comes in competition of another coins ( only chnaces ) .
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Government can do anything they want. They can illiminate cryptocurrecies anytime they want. But if we citizens contineous to support bitcoin nothing can bring it down! The more the support the more bitcoin powers
The only thing I think that will destroy bitcoin is the worldwide internet shutdown (you can't use bitcoin if you don't have internet) and possibly the corrupt and greedy governments destroy bitcoin and make it illegal in their country.
what's puzzling me is why not a single altcoin brought any new features after years of BTC.
Does the new devs just copy/paste the source, change name and hoping to gain some money? Where are all the hungry devs ready to improve the protocol, adding new features on the blockchain without focusing only on pump and dump about their new altcoin and then forget about it?
This is something that after many years of BTC still confuse me.
Does the new devs just copy/paste the source, change name and hoping to gain some money? Where are all the hungry devs ready to improve the protocol, adding new features on the blockchain without focusing only on pump and dump about their new altcoin and then forget about it?
This is something that after many years of BTC still confuse me.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
None? as long as the nodes of bitcoin will still actives to secure the bitcoin network around the world, but according to the recent news and it seems the government is be able to control bitcoin through give a limit to the exchange sites or even banned it from their countries. But bitcoin is about freedom of use.
1st if no have investor of this forum the bitcoin system will make have a big problem our getting fail the system to make dropping low the currency, secondly the people making bad decision about selling and buying to make changing the currency, and lastly the people who getting interested to hack this system of bitcoin to making trouble of the investor and the owner and also the people involved this system will make the currency drop.
If the United States, Russia and China combined to declare this currency illegal.
I think it could destroy bitcoin.But this is almost impossible, so now the development of bitcoin, each country has its own plan, every head of government is not a fool.
Even those countries you do mention are the most powerful nation they cant completely stop bitcoin knowing that there still lots of countries left which can actually make use of bitcoin still which means stopping it completely would be impossible unless if all people would decide to dump their bitcoin and switch to another stuff then this is the thing which would destroy bitcoin for sure. I think it could destroy bitcoin.But this is almost impossible, so now the development of bitcoin, each country has its own plan, every head of government is not a fool.
From your topic, Who can destroy Bitcoin? in a single person, I don't think there is any.
The major Factors that can destroy bitcoin is shutting down the internet (if possible), the stop of mining activities, no more investors etc.
The major Factors that can destroy bitcoin is shutting down the internet (if possible), the stop of mining activities, no more investors etc.
If the United States, Russia and China combined to declare this currency illegal.
I think it could destroy bitcoin.But this is almost impossible, so now the development of bitcoin, each country has its own plan, every head of government is not a fool.
I think it could destroy bitcoin.But this is almost impossible, so now the development of bitcoin, each country has its own plan, every head of government is not a fool.
In terms of technicalities, shutting down the internet will destroy Bitcoin and all digital currencies out there.
But in terms of economy, it is impossible to destroy Bitcoin that's why there are so many alt coins keep on existing these days because blockchain technology is one of the best innovation.
But in terms of economy, it is impossible to destroy Bitcoin that's why there are so many alt coins keep on existing these days because blockchain technology is one of the best innovation.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
The most powerful to destroy Bitcoin is the Government of a country. If we look at when China bans ICO and Bitcoin instantly bitcoin price is dropped. And what if some countries unite their opinion to jointly prohibit Bitcoin what will happen?
Thanks for the question. I've learned something from all of the thread. Will continue to read it.
china can a have great impact on bitcoin,it has great mining farms and these farms contribute alot and if a ban is applied on them then it will definitely affect bitcoin as most of trading is also done from there,secondly any virus or bug can corrupt the system.,or if there is ban on website by governments around the world it can affect bitcoin.
Those people said no one can destroy bitcoin, its funny. because when titanic ware made people called id unsinkable. Than what?
If all of country will agree in remove bitcoin.
what will happen?
If all of country will agree in remove bitcoin.
what will happen?
no i do not think so that can any one destroy it yeah there may be chances that because of shutdown of internet and any sort of world war like such misfortune can happened otherwise there is no such power who can destroy it or someone can harm it.
No one can destroy bitcoin as long as it is being used by a lot of people. All we need to do is to support cryptocurrency and I know that this will last for a long time. What I think of is IF only IF something or someone will destroy bitcoin that would be our government, I am not an anti-government but what I think is if bitcoin will be handled by the government, there would be corruption that will happen.
when no one uses bitcoin, or when all governments say bitcoin is something illegal, maybe bitcoin will die slowly. but, there will always be a way of using bitcoin, and currently, there is no possibility for it.
Perhaps the most terrible thing is when no bitcoin is used at all and when bitcoin is not trusted. I think that will be the determination later when the bitcoin has stopped its supply. Bitcoin will be restrained and it's time to see how the world's markets respond. Jump to: