Topic: Who can destroy Bitcoin ? - page 41. (Read 21748 times)
Government, People, Hackers and much more. Because governments have the ability to stop any activity that they think has a bad effect on their country. And if all countries are united to terminate the bitcoins it will definitely be the end. They are the ones who do the same as those who can break, With the wrong work. Hackers know that it is capable of steal any files, data or any computer content
I don't think anyone can destroy bitcoin because bitcoin was yet to be accepted by some government or people when it reach the $550-$750 price range and the only thing that can destroy bitcoin is if there's world doomsday where by there will be no internet/electricity cause bitcoin network base on this 2 thing.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I think, the only thing which can destroy Bitcoin within a few hours is the loss of trust of all the bitcoin users into Bitcoin because of any bad reasons. Because I think regulations, bans, new type of cryptocoins cannot kill bitcoin. But if losing the trust of bitcoin users because of some security issues in bitcoin, this could make the bitcoin value fall very fast.
I think no one can ruin destroy bitcoin but if possible all country band bitcoin then bitcoin price very low. but this is not possible
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I do not expect it to happen and do not want to imagine it because so many people have benefited so do not think like that 
I think the only thing which can destroy Bitcoin within a few hours is the loss of trust into Bitcoin because of any reason.
Doesn't matter if Regulations, Bans, New Cryptocoins or forks.. this shouldn't kill bitcoin.
But losing trust because of some security issues could make the value fall extremely fast.
As described in the above quote security issues play a major role in the growth of bitcoin. In specific it's an speculative asset, which can't function anymore if it doesn't gain the trust from the users anymore. One thing need to be considered is the trust it has gained over the days just with its virtual nature. So, in the upcoming days people continue to believe in its potential even if there arise issues from the top management or some sought of fork and banning probs. Doesn't matter if Regulations, Bans, New Cryptocoins or forks.. this shouldn't kill bitcoin.
But losing trust because of some security issues could make the value fall extremely fast.
successful cryptanalitic attack on private keys, excessive mining monopoly, global internet shutdown (possibly), massive loss of interest.
I don't believe the catastrophes you mention are easy to happen in near future. Bitcoin will be indestructible for many years.
Security issues are the biggest problem IMO
Most people that won't buy BTC don't know how to securely purchase and store their BTC. My aunt nearly fell for a BTC scam before I showed her how to buy some
Most people that won't buy BTC don't know how to securely purchase and store their BTC. My aunt nearly fell for a BTC scam before I showed her how to buy some
I think the only thing which can destroy Bitcoin within a few hours is the loss of trust into Bitcoin because of any reason.
Doesn't matter if Regulations, Bans, New Cryptocoins or forks.. this shouldn't kill bitcoin.
But losing trust because of some security issues could make the value fall extremely fast.
I totally agree with the trust issue thing about bitcoin that if it falter the security issue,many people will give up bitcoin and could destruct bitcoin in the society. On the other hand,if there's a way for a stronger security system this won't happen. People are the ones bringing up the fame and also people also can bring it weaker if they won't do any action for this. That's why trust is very important when you commit such a thing with bitcoin. Through this,people help each other and will always will. Doesn't matter if Regulations, Bans, New Cryptocoins or forks.. this shouldn't kill bitcoin.
But losing trust because of some security issues could make the value fall extremely fast.
Governers or big holders can destroy bitcoin but why big holders would do it?so there is an option.goverments maybe destroy but co-opareta with markets,they can many times can reduce the bitcoin's value
Bitcoin itself can be brought down by another coin that offers better technology, faster transactions, more security, and ultimately a great "steve jobs" to sell it to the people.
Nobody would have thought back in the 80s and 90s that Sears was gonna go broke, or in the early millenia when myspace ruled social media and now is non existent. Think of Amazon today... do you see it in Sears' shoes any time in the future? It inconceivable.
I'll tell you this though, quantum computers become mainstream and bitcoin's security would be as good as showing your private key on live television.
Nobody would have thought back in the 80s and 90s that Sears was gonna go broke, or in the early millenia when myspace ruled social media and now is non existent. Think of Amazon today... do you see it in Sears' shoes any time in the future? It inconceivable.
I'll tell you this though, quantum computers become mainstream and bitcoin's security would be as good as showing your private key on live television.
Maybe it will not destroy bitcoin, but some sort of uncrackable implemented software can be a pain in the ass for using the currency. This way it would be impossible for bitcoin to be consumed by a gross of the audience and eventually making it smaller instead of bigger.
I think the only thing which can destroy Bitcoin within a few hours is the loss of trust into Bitcoin because of any reason.
Doesn't matter if Regulations, Bans, New Cryptocoins or forks.. this shouldn't kill bitcoin.
But losing trust because of some security issues could make the value fall extremely fast.
Doesn't matter if Regulations, Bans, New Cryptocoins or forks.. this shouldn't kill bitcoin.
But losing trust because of some security issues could make the value fall extremely fast.
Lots of unrealistic people in this thread. Bitcoin can be rendered unusable by a number of factors...mining cartels, obsolescence due to impractical fees/wait times, government feeling threatened by it and a coordinated global effort to stop fiat injection into the system. But the technology is definitely here to stay. Bitcoin dying would set back mass blockchain adoption and interest for years.
I don’t think anyone can destroy Bitcoin as long as the internet is still there, unless a world war happen that destroy opponent satellites and nuclear war that will devastate a territory but internet also needs electricity so if many electricity generator destroyed it will make Bitcoin users will be fewer and Bitcoin will die slowly.
for asking for who is the one that can destroy on it i might say that no one can destroy on it i think that all of us that is the way that we think that there is no such a people person that can destroy it. only the technology that is the one reason why this are exist is the main reason that why it will be destroy. 
Well i think that the only thing that can destroy bitcoin are the governments of every country, this is incredible, but this is just what has been happening in the last month, just like it happened with the Chinese FUD.. So it is obviously that the only way to destroy bitcoin is if every country starts to spread fud about it, and this is the only way because it would make bitcoin bleed a lot, and of course, drop a lot.
I don’t think anyone can destroy Bitcoin as long as the internet is still there, unless a world war happen that destroy opponent satellites and nuclear war that will devastate a territory but internet also needs electricity so if many electricity generator destroyed it will make Bitcoin users will be fewer and Bitcoin will die slowly.
bitcoin will be not easy to destroy because if you want to destroy bitcoin you have to shut off the internet and it will postpone the technological progress. and bitcoin will also die if it’s actually blocked by the global government and cannot be accessed at all.
bitcoin will continue to exist and will never be destroyed while internet is still available!!!
bitcoin will continue to exist and will never be destroyed while internet is still available!!!
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There are 3 things which can destroy bitcoin and the thing is the government, exchange and mining because if the government didn't endorse bitcoin more investor won't come in and the price of bitcoin won't bullish. If there is no exchange people will loose their thirst for bitcoin. If there's no miner bitcoin transaction will not be confirm and more bitcoin won't be created into the cap market.
Bitcoin can only be destroyed if the president tel's so.
Other then that it is not going to happen,
let alone that president Obama told that he has accepted the Bitcoin asap.
Other then that it is not going to happen,
let alone that president Obama told that he has accepted the Bitcoin asap.
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