I believe bitcoin has the following threats:
1) Quantum computing that can break the encryption algo to find all the priv keys
2) Mass ban of bitcoins by governments worldwide, mking ot almost impossible to buy or sell btc.
3) A new cryptocurrency that makes bitcoin outfashioned
All the other threats are too far-fetched or too minor to destroy bitcoin.
Topic: Who can destroy Bitcoin ? - page 42. (Read 21748 times)
the answer is two: government and hardfork.
1. the government is able to destroy the bitcoin legally if they agree to deem it unfit to be the official currency, it will destroy the value of bitcoin massively.
2. hardfork is also capable of destroying bitcoin systems quickly if system upgrades ultimately fail, this becomes a fear for some users and developers.
1. the government is able to destroy the bitcoin legally if they agree to deem it unfit to be the official currency, it will destroy the value of bitcoin massively.
2. hardfork is also capable of destroying bitcoin systems quickly if system upgrades ultimately fail, this becomes a fear for some users and developers.
No one can destroy Bitcoin, But Only one option is remaining,
Only a strong Altcoin can do this but
There is no Altcoin to beat Bitcoin yet, people says that Ethereum will surpass Bitcoin but I think It is not so Easy for Ethereum to go near the edge of Bitcoin.
Only a strong Altcoin can do this but
There is no Altcoin to beat Bitcoin yet, people says that Ethereum will surpass Bitcoin but I think It is not so Easy for Ethereum to go near the edge of Bitcoin.
I think you mean upbeat, than know the difference , Ethereum is a ledger technology, Bitcoin is nothing more than a currency, Bitcoin is to call it a “digital dollar.” That’s really all it is—minus all the formal regulations that come with a bank (which is what makes it such a disruptive concept). It’s not a technology. It’s not a company. It’s your money, held in a digital form. Both Bitcoin and Ethereum operate on what is called “blockchain” technology, however Ethereum’s is far more robust. If Bitcoin was version 1.0, Ethereum is 2.0, allowing for the building of decentralized applications to be built on top of it.
So there are zero chances except Ethereum , to take over this
So there are zero chances except Ethereum , to take over this
This is a bad idea to go all in on bitcoin because bitcoin is very risky and the volatility makes it risky so even though that the price is very high now, it is still not a good idea to invest all money you have because a smart investor always thinks for long term and analyze if investing now is a good idea or not. This type of user that always go luck is greedy and can't be successful in any kind of field.
I would say nobody.i dnt know actually.maybe the creator only can destroy this.i dnt think any body else could destroy it.
blow up the whole planet all will cease to exist hehe
honestly is their are no users bitcoin will really die it might happen in the future because something
great may super seed bitcoin and it might have super features that can make our lives better..
but for now no one can destroy bitcoin thats why it become a safe haven asset for people
honestly is their are no users bitcoin will really die it might happen in the future because something
great may super seed bitcoin and it might have super features that can make our lives better..
but for now no one can destroy bitcoin thats why it become a safe haven asset for people
I would love to say ‘nobody’ but that would simply be wishful thinking. Maybe Satoshi him/herself?
time. well, the only thing that can make bitcoin disappear is time, but it takes so long. because, when viewed from all sides, bitcoins can be so popular in the future, and will be things that will be useful in the future.
Unless we lost power worldwide no one can destroy Bitcoin. Not governments. Not banks. No one. It's too easy to hide your identity and connect to the internet.
For those who is profitable in bitcoin of course no wants to destroy it, unless for those who envy they might think bitcoin should not exist.
if humans cease to exist then their will be no user of bitcoin it would die
destroy the planet make a virus that might trigger a zombie apocalypse no human might exist if that happens bitcoin will die
destroy the planet make a virus that might trigger a zombie apocalypse no human might exist if that happens bitcoin will die
If the 3rd world war begins it will destroy with the whole digital world. I think without destroying the digital world there is not any reason for destroying Bitcoin.
I think there are noone can do that. But if someone can I think that is the person whom could turn off the internet all over the world forever. Internet is the most important thing we need to use Bitcoin so if there are no internet anymore Bitcoin will become useless and price of all cryptocurrency will dumped to zero of course. But I think this case will never happen cause when the internet turned off it's not only affect to cryptocurrency also a lot of economies in the world affected too.
Bitcoin uses computer networks and bitcoins have been popular and scattered almost all over the world. I think, no ones can destroy bitcoin now.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
never know.if bitcoin supply close to zero maybe, the price will be more more expensive, and many people will move to other coin.
internet gone, bitcoin gone. crash in cryptocurrencies, blockchain maybe?
I think I do not see any harm in bitcoin because bitcoin is now a good job and lots of people can help so no one can break bitcoin.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Nothing can really affect it like that but it could be banned or halted from using in the current scenario. However looking at the continuing growth of the bitcoin market cap it seems impossible to be banned from the market and reality as well. :-)
I think bitcoin can be disappear through many reasons like if the internet technology disappear from the world the use of bitcoin will over and the second reason is if all countries banned this currency and they would not accept it any more as soon this currency will destroyed. If we say that it can be finished in a short time its not that much easy because the value of one bitcoin is more than dollar.
It's simple!
When it stops being supported by the world's government
When it stops being supported by the world's government
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