Who can destroy Bitcoin ? - page 39.

Welsh

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Quote from: yakushev on October 17, 2017, 03:49:52 PM

Bitcoin is not afraid of government bans. This currency can be used so that the government does not know about it. I think that bitcoin can destroy only some other improved coin

It's only as anonymous as you make it. Just like cash in traditional currencies. Although, the Blockchain is essentially a public ledger which can we tracked and a educated guess could be made regarding certain transactions.

yakushev

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Quote from: Blackwhite69 on October 17, 2017, 07:42:55 AM

Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

Many factors will destroy bitcoin rapidly such as not being received in a country about bitcoin and blocking access about bitcoin.
This is one way to crush bitcoin slowly.

Bitcoin is not afraid of government bans. This currency can be used so that the government does not know about it. I think that bitcoin can destroy only some other improved coin

dmamigo

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Quote from: J Gambler on October 17, 2017, 06:30:33 AM

Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

If you think about it. A lot. As it is a stock or it runs on a lot of factors and variances. Countries such as china which has closed its doors on Bitcoin have impacted greatly the dealings on cryptocurrency as it has shown to the world that a superpower can rfuse this currency.

Banning of Bitcoins by Top Countries does makes an impact upon it, but I think banning by them is temporary. China banned the exchanges, but recently news are being heard that they will be implementing regulations, so as Russia.
I think basically the political unrest, war, lack of users and users boycotting Bitcoin are more vital which has higher chances to diminish it. But as per current global scenario, neither seems to be or will be happening, don't know about the war though.

SonicDoom

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Technically, the scammers or the hackers. Or the one who most likely to destroy it just for fun or for a certain reasons.

Blackwhite69

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Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

Many factors will destroy bitcoin rapidly such as not being received in a country about bitcoin and blocking access about bitcoin.
This is one way to crush bitcoin slowly.

Astvile

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I can cite some reasons why. one is if another coin will rise up and exceed or offer more potential than bitcoin, two is if people stop believing in bitcoin for some unknown reason, tho i dont think people will stop believing bitcoin. three is if we go back to stone age where internet does not exist, sure it is bitcoin is dead if this will happen. but so far i dont think these reasons will not happen even after hundred years.

J Gambler

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Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

If you think about it. A lot. As it is a stock or it runs on a lot of factors and variances. Countries such as china which has closed its doors on Bitcoin have impacted greatly the dealings on cryptocurrency as it has shown to the world that a superpower can rfuse this currency.

jayhawk1

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Quote from: Monta3002 on September 24, 2017, 10:23:46 AM

Bitcoin will be destroyed if Bitcoin will be banned globally there is no investors, traders and users obviously; No internet connection, no one can browse; World war.

I totally agree with you on this stance .The bitcoins could only be eradicated from the world if there is some sort of war between the countries that could diminish the whole system down to nothing. Moreover, the reputation of bitcoins could be destroyed at a greater scale if duplicate bitcoins are introduced or if they are banned by most of the developing countries f the world.

Xester

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Quote from: peterbom on October 17, 2017, 05:48:20 AM

I think that Bitcoin will be destroyed by itself,I mean by its popularity and high price exchange. Cool

Yes, it can be like that because bitcoin is so popular and really something to look up to. Many will keep their coins until their desired target or amount. Maybe if many people will continue doing this then bitcoin will be like extinct, I do not know. It seems like that that it will be destroyed because there is no bitcoin in circulation. But these would be really impossible. If bitcoin will be destroyed then all other digital coins will be destroyed also.

Portia12

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ADAB ICO

Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

Only hackers can destroy bitcoin community, i they will be hacked they will be hopeless they will not bitcoin again because they loss a big or small money.

mega_carnation

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Quote from: peterbom on October 17, 2017, 05:48:20 AM

I think that Bitcoin will be destroyed by itself,I mean by its popularity and high price exchange. Cool

Itself? I don't think so, there's no one that can ever control bitcoin now and the only ones that can destroy bitcoin are those people that are jealous of what bitcoin is right now. And for sure there will be a lot of people talking about it's destruction but why are you talking about this? Whales can destroy bitcoin, the whole world can destroy bitcoin if they'll implement mass banning of it.

peterbom

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I think that Bitcoin will be destroyed by itself,I mean by its popularity and high price exchange. Cool

mrfaith01

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People is the one who can distroy bitcoin...because some bad people making scam to get bitcoin..some people hack the other bitcoin wallet and get the bitcoin..that is why some people scared to invest in because so be careful of your account and put some security feature

YaChou

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Quote from: emuLOAD on September 18, 2017, 04:57:21 PM

successful cryptanalitic attack on private keys, excessive mining monopoly, global internet shutdown (possibly), massive loss of interest.

isn't it the end of the world if that happens already ??

Fasdartin

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Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

as of now i don't see anyone can destroy the bitcoin. we know that the bitcoin now is the number one among the all cryptocurrencies . because of its expensive value and faster transaction there's no one can destroy bitcoin like china. china was a great contribution in the bitcoin and we know that china banned the bitcoin others say if bitcoin banned in china its possible to destroy the bitcoin. but what's happen ? until now the bitcoin is rising and rising up again.

Rinder

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Bitcoin has been and keep being used for several individuals, it wont die as people keep trading, investing, the only possible way to die would be countries buy a big portion of them and start manipulatiing the price, legalization might allow them to play those game, and people may not like it, but sooner or later countries will have a good influence into crypto world, something till now hasnt happen as we know.

yoseph

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Though they don't have the ability to destroy bitcoins,if the governments of the world make up their collective minds, they can devalue the price if bitcoins to the extent that it will become practically useless.

Crypdon

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If the security is broken by a cryptographic wizard then the value will drop down to zero. Unbroken for now, but who's to say it can't be done in the future.

mahibul49

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bitcoin is a great crypto and a popular one right now.so it wont be destroy!it will rise more

desi92

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Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

Only one thing, all country in the world prohibit their citizens to not use bitcoin.and every block all sites related with bitcoin.
But its hard to happpen.

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