Topic: Who can destroy Bitcoin ? - page 38. (Read 21748 times)
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.
government, ie How to destroy bitcoin is hash strength of more than 50% total hash network strength (51% attack).
If someone has this hash power, then he can:
- Double spend / pay 2x with the same BTC, it's good to have only 1 BTC but can transaction eg 5x each 1 BTC, so it might cause mass clutter.
- chances are he can increase the difficulty quickly, so others become lazy bitcoin mining
why the government? because to do so we need a lot of capital for very expensive hardware
If someone has this hash power, then he can:
- Double spend / pay 2x with the same BTC, it's good to have only 1 BTC but can transaction eg 5x each 1 BTC, so it might cause mass clutter.
- chances are he can increase the difficulty quickly, so others become lazy bitcoin mining
why the government? because to do so we need a lot of capital for very expensive hardware
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
there's no one can destroy the bitcoin. we know that the china has a big contribution in the bitcoin world. the economic of china banned the bitcoin because they afraid that their money country will to be frightened by the bitcoin. and because of the china is has a big affection the value of bitcoin was going down but never it destroy except if all country unite to destroy the bitcoin and create new.
I think nobody can destroy bitcoin because the people who protect this is so inteligent they know everything about this.
The best example is the movie "Nerve - 2016"; If a production has a decentralized server, no one-body can stop it's operations. The movie tells us that before they were able to stop the "nerve", all the users must stop using it... not even a single one should be operating.
1. end of electricity 2. fundamentally new technologies 3. alternative crypto currency 4. damage to bitcoin. 5. principle of mining 50% + 1 6. people 7. aliens)
I think there are very little chance fo such thing to destroy bitcoin. we cannot think about life without light, scientist are now finding more cheep ways of getting electricity. I think blochchain itself is a very new technology and is still improving more and more, bitcoin is the fundamental and mother of all crypto currencies and therefore there are very little chances that any other crypto currency will overcome bitcoin, even if all the bitcoin will mind bitcoin will still survive with more high price in the market, people will then only able to trade satoshi, 
I'll compare the status of bitcoin to our environment and natural resources. Before our environment is rich, clean and green but we know what happened to it. The destruction of environment is happening a little by little and who are the ones that are suspect of that destruction? We are. And bitcoin can be destroyed by us but a small bitcoin personality like me or others like you here will not represent a big impact but possibly a whale or financing personality.
There are powerful and very wealthy people, companies and even states that have Bitcoin, they never allow to disappear because they have big Bitcoin investments, they do not do to harm their Bitcoin investments. Small investors like us do not have much money in the Bitcoin market. As people become more familiar with Bitcoin, their investment will increase, Bitcoin is at the beginning of the journey.
bitcoin will be destroyed if there is no internet, bitcoin can not be used in case of nuclear war or world war 3 to happen, in my opinion that can destroy bitcoin. if that does not happen then bitcoin will still exist and still used by the world community
no one or nobody can destroy bitcoin. bitcoin still in strong crypto currency cap.
Yes no one as long as bitcoin will really secured. Bitcoin can help a lot of people so i dont think so that it eill destroy by anyone else. It can only destroy if people will not use it anymore.
Hello guys
to the question who can destroy the Bitcoin I say that it can only do Bitcoin ...
. how do not turn the royal economy so become indispensable as a paper coin until it does not buy a pizza cigarettes go to the cinema make gas to book a room I'm leaving with my girlfriend and so many other beautiful things in life paying bitcoin. With the risk that it's just a good source of x investing and
strong gains and all the things handled on the stock market are scary to ordinary people. Personally, I hope that you can understand the wisdom of this new system as soon as possible and that it will be used by more people than it becomes a normal thing of common use and that nobody can destroy the Bitcoin
to the question who can destroy the Bitcoin I say that it can only do Bitcoin ...
. how do not turn the royal economy so become indispensable as a paper coin until it does not buy a pizza cigarettes go to the cinema make gas to book a room I'm leaving with my girlfriend and so many other beautiful things in life paying bitcoin. With the risk that it's just a good source of x investing andstrong gains and all the things handled on the stock market are scary to ordinary people. Personally, I hope that you can understand the wisdom of this new system as soon as possible and that it will be used by more people than it becomes a normal thing of common use and that nobody can destroy the Bitcoin
1. No one believes in bitcoin (because of something).
2. World war.
3. When the power grid/internet has been shutdown.
2. World war.
3. When the power grid/internet has been shutdown.
1. Too many die-hards
2. It would have to be so cataclysmic that all backups everywhere on earth got destroyed as well.
3. ^ all at the same time? I don't think so.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Yes definitely that bitcoin is growing very powerfully but I believe that there is only one that can destroy bitcoin. For me is the government itself, since Bitcoin is decentralized with less fee, bitcoin can have a problem with corrupt governments. Why? Since bitcoin didn't have any TAX ,so corrupt governments will make any move about this.
How can you destroy something that you can't really find the root nowadays? I mean, first and foremost, bitcoin is intangible; it is very volatile and fluid that let's say, transforms into data stored in computers. Next, the usage of bitcoin is so wide that you must purge everything all at once to destroy this bitcoin. So basically, it is marginally close to being impossible to do.
No one can destroy bitcoin as long as there is Internet connection available around the world. It is a decentralized difgital currency, and governments can't control it.
Even the other altcoins can't replace Bitcoin, because they re depending in BTC price and stats
Even the other altcoins can't replace Bitcoin, because they re depending in BTC price and stats
nobody can do it 
Yes no one can destroy bitcoin but maybe also no one knows, what if all internet connection will shutting down there's no bitcoin at all no internet no bitcoin. But thats my wild imagination maybe that is not happen.
i think for the only way to destroy bitcoin is make the governments of the world ban bitcoin
I think no ones going to destroy it. Because people can have real money with this
1. end of electricity 2. fundamentally new technologies 3. alternative crypto currency 4. damage to bitcoin. 5. principle of mining 50% + 1 6. people 7. aliens)
Some people are like "No one can destroy bitcoin". Yet, every powerful thing has weaknesses and flaws. We all know that bitcoin is powerful these days. But imagine if the world encounters a third world war, and the internet is shut down. What will the fate of bitcoin be? Of course it will disappear. Added to that, there is another way to destroy bitcoin which lays within people themselves. To clarify, if people start losing hope in bitcoin or losing interest, bitcoin will go down, its value will go down, thus it will disappear.
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