Topic: Who can destroy Bitcoin ? - page 43. (Read 21748 times)
I can almost guarantee that nobody can destroy btc at this point. we observe that there is a big war between crypto world and banking industry but their moves didn't do anything.
As we have no see the countrys can forbid or output the bitcoin 
as China has done they forbidden the exchange of Bitcoin !
If my Country (germany) also will forbid a exchange of Bitcoin then all m Bitocins are lost i think XD
Lets hope that the goverments see the good thinks in the blockchain and use it also as iceland do and some other great small countrys now satrt to do !
But in the end they only can forbid a Coin and not destroy it
kind regards
No one can't even think about it because the security of bitcoins is more complex then the security of whitehouse so if you are afraid of loosing money because of security then you are wrong because the security of bitcoins is 100% tight. as China has done they forbidden the exchange of Bitcoin !
If my Country (germany) also will forbid a exchange of Bitcoin then all m Bitocins are lost i think XD
Lets hope that the goverments see the good thinks in the blockchain and use it also as iceland do and some other great small countrys now satrt to do !
But in the end they only can forbid a Coin and not destroy it
kind regards
Well if the government around the world unite and BAN all exchanges and mining theres a possibility then some financial institution threatened by the very existence of bitcoin will ride the wave might affect the existence of bitcoin but the idea of being decentralize exist so that no government nor financial institution nor individual can dictate it's existence. Decentralization also provide security against server attack since there's a lot of node vs centralized servers. It takes unified effort to destroy it.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
bitcoin can be destroy if there were no internet or theres a permanent black out all over the world that no one can use and access the web online.
or maybe if they can develop a new coin that can beat bitcoin in terms of value and usage then that would destroy bitcoin and make it useless because people will switch to the new and more valuable coin.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Who created the one can and destroy, people of course. There are people who share a large share of the crypts in this business, so far they are getting income, everything will be fine, but as soon as they get bored all at once and collapse. 
No,not yet.In india,we bitcoin users still enjoy tax free income from bitcoins.But this situation may soon change as indian government has decided to legalize virtual currencies and has formed a committee to give recommendations to legalize bitcoin.So,after that,we may not be able to enjoy such privilege.But i don't worry about paying tax for bitcoin earnings as it would be much better than banning bitcoins totally.
If no one mines bitcoins anymore, nobody can exchange them. Miners basically get a commission because they use their processing power to process transacrions between bitcoin wallets.
So, if no one is mining anymore, which is unlikely for now, you will actually destroy the currency. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.
So, if no one is mining anymore, which is unlikely for now, you will actually destroy the currency. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.
I was thinking this then I thought 'imagine all miners quitting?' then I thought this is impossible, because if they quit I would start mining again.
To answer the OP, only satoshi has the power to destroy btc.
If no one mines bitcoins anymore, nobody can exchange them. Miners basically get a commission because they use their processing power to process transacrions between bitcoin wallets.
So, if no one is mining anymore, which is unlikely for now, you will actually destroy the currency. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.
So, if no one is mining anymore, which is unlikely for now, you will actually destroy the currency. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.
Current no croptocurrency is in apposition to beat or destroy bitcoin. It may loose its charm, may become less popular but Its quiet hard to destroy bitcoin completely. If any new trading tool introduced with new simple technology that can shake bitcoin. Botcoin is currently accepted in many countries, if these countries refuse to accept or ban it as a legan currency then bitcoin get hit. Any natural calamity or war between nations can affect bitcoins business. Infrastructural failures like non working of internet connection for a muchlonger period or attacks by malwares can slow down bitcoins business. Sudden lose of interest of mass people in one concept ( Orkut to Facebook or twitter) may hit bitcoin a large.
As Long as Every Country And It's Government Will not Ban Bitcoin Then No One Could Destroy Bitcoin.
There are So many coins That is Going Out Right Now, But The Thing is they can't beat Bitcoin.
Possible way To Destroy Bitcoin is To Destroy The Internet First.
There are So many coins That is Going Out Right Now, But The Thing is they can't beat Bitcoin.
Possible way To Destroy Bitcoin is To Destroy The Internet First.
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As long as there is internet bitcoin will stay forever for that matter, but I do think bitcoin can be harmed, specially by miners and people wanting more power and money, there are enough sources trying to destroy bitcoin, bitcoin is uprising just like the altcoins which have great project ahead of them, hence the government wants to rule everything and will try to block anything that will be a problem for them, they can have a impact on bitcoin by spreading bad news, only true believers of bitcoin will not give attention to that nonsense.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
No miner bitcoiN no internet, government regulation and no more believe about bitcoiN definitely zero when nobody uses bitcoiN. the amount of bitcoiN because there are users, when they start leaving bitcoiN, even none of the users then bitcoiN value must be ZERO
Millionares buying if the buy every bitcoin around, that's the only way I see to be possible for bitcoins to be destroyed.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
bitcoin can be destroy if everyone are not use bitcoin and this will do bitcoin go to the past. Or internet is fall then of course bitcoin is disappear too
I think that just breaking the bitcoins is the government. Because they can stop bitcoins and if all the governments around the world are united to break down the bitcoins it is certain that many people will lose interest to get into it. Just like china made nearly $ 1,000 they dropped the price of bitcoins after saying they stopped the ICOs, Exchanger and Bitcoins
The problem is they can make the average person lose interest in bitcoin if they make it illegal, but the price is this high and the average person has not adopted bitcoin, I think they can make a portion of the community to drop bitcoin fearful of the legal repercussions, but there are people that are not going to stop holding bitcoin and using it and this is going to continue even if they ban bitcoin.
As of now the price of bitcoin is very high and continue to increase more in the future for sure. So its better to buy bitcoin now.
Anyway I think the only one can destroy bitcoin is us who use bitcoin if we sell our all bitcoin it becomes 0 the valu but we never do that because we love bitcoin very much and we want to see the price of bitcoin increasing or we want bitcoin price still alive.
Anyway I think the only one can destroy bitcoin is us who use bitcoin if we sell our all bitcoin it becomes 0 the valu but we never do that because we love bitcoin very much and we want to see the price of bitcoin increasing or we want bitcoin price still alive.
be sure nothing can destory Bitcoin
Bitcoin is not god,
You told it like bitcoin is god.
Remember Titanic was unsinkable.
I think that just breaking the bitcoins is the government. Because they can stop bitcoins and if all the governments around the world are united to break down the bitcoins it is certain that many people will lose interest to get into it. Just like china made nearly $ 1,000 they dropped the price of bitcoins after saying they stopped the ICOs, Exchanger and Bitcoins
The problem is they can make the average person lose interest in bitcoin if they make it illegal, but the price is this high and the average person has not adopted bitcoin, I think they can make a portion of the community to drop bitcoin fearful of the legal repercussions, but there are people that are not going to stop holding bitcoin and using it and this is going to continue even if they ban bitcoin.
Your country can destroy bitcoin if they work together. If they ban bitcoin in the whole world so every country bans bitcoin. Bitcoin would then be destroyed as we can see after the ban of China Bitcoin was nearly destroyed it was 4900 before the ban and it was 3200 after a week. So you can see the impact on bitcoin by the bans.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I think that was so imposible that bitcoin is gonnaback to zero in thr future i realy bilieve in what bitcoin capabilities to grow still as a king of all cryptocurrency of all time
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