Who can destroy Bitcoin ? - page 44.

Triple7Fox

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Quote from: zollyharvan on October 10, 2017, 08:17:23 AM

Until now nobody can degrade bitcoin, but if we talk freely only ETH leads to being the better to beat bitcoin, but I think for now ETH can not beat it.
But maybe the possibility of ETH will be the highest ranking.

ETH can not beat Bitcoin because I have been watching ETH for a long time, if Bitcoin is up, ETH is bound to increase but recently we are seeing a decline in this market and ETH is getting very prices low

untugede

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Quote from: sagarnyc on October 10, 2017, 08:28:57 AM

If no one mines bitcoins anymore, nobody can exchange them. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.

it's hard also like that, hopefully it will not be like that bitcoin fore because surely many people will become unemployed because their job just gone

sagarnyc

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If no one mines bitcoins anymore, nobody can exchange them. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.

rodel caling

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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.

look at now bitcoin keep increasing the value bill gates saying nobody can stop bitcoin i think nobody can destroy the bitcoin in the cryptocurrency world if the internet connection shutting down all sustem all over the world thats the end of bitcoin as currency but that situation the new technoligy goes into progress also like bitcoin.

chickenfried12

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Goverments all of the world each one's and CEO of big banks and individual managers to explain and prohibit bringing a mining ability to remain in the market will remain in such a way, but I think it will dissolve, but a great power and easy to be invincible is steadily valued. in crypto we trust BTC .

zollyharvan

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Until now nobody can degrade bitcoin, but if we talk freely only ETH leads to being the better to beat bitcoin, but I think for now ETH can not beat it.
But maybe the possibility of ETH will be the highest ranking.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

It has come to a point that no one can destory it. They can stop exchange but now concepts like Kyber will allow no one to stop it and everyone still can trade, buy and sell

Practically, that is what people said about bitcoin and the advantages of its decentralized system, however, if people can't destroy bitcoin, then they could just make the value of bitcoin goes lower by spreading FUD.
it has often done by many people probably involved into a trading community to lure beginner traders to become panic and by that they can gain the opportunity of buying bitcoin at a low price, I know it can't be considered as destroying bitcoin, but, making the condition of bitcoin community in chaos.

DoublerHunter

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Quote from: ronafurw on October 10, 2017, 06:41:40 AM

Quote from: Swopon on October 06, 2017, 10:50:12 AM

only it's creator and founder can destroy it 😎

No one can destroy this innovation, bitcoin has make itself in such a strong structural hub so that who will come to harm it will be attracted to invest in it by its benefits, in past there are a lot of hatters who want to harm it gives statements about it and they end up with accepting its highness by investing in It and now they are successful investors.

Bitcoin is decentralized and that is one of the major foundation of bitcoin why it is not easy for bitcoin to get destroyed but the only person that can destroy bitcoin is us, if we want to destroy bitcoin and the very easy way to do that is to leave bitcoin alone so the miners will not have a work because they will not earn money if there is no transaction and also demand in the market.

sebasman2

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I think the only "ones" who can really destroy bitcoin are:
Governments
Besides that I don't see any reason Bitcoin would be destroyed.

ronafurw

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Quote from: Swopon on October 06, 2017, 10:50:12 AM

only it's creator and founder can destroy it 😎

No one can destroy this innovation, bitcoin has make itself in such a strong structural hub so that who will come to harm it will be attracted to invest in it by its benefits, in past there are a lot of hatters who want to harm it gives statements about it and they end up with accepting its highness by investing in It and now they are successful investors.

TK14

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If big countries move together, they can destroy bitcoin

Ultegra134

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Quote from: Sahyadri on October 10, 2017, 03:14:31 AM

The future of Bitcoin directly depends upon its demand.If the demand for Bitcoin is decreased, it will automatically destroy Bitcoin. One of the ways by which its demand can be decreased is if some other cryptocurrency replaces it.People will start using new cryptocurrency for their transactions and investments which will automatically decrease its demand.The other way can be if the government bans Bitcoin transactions and declare it as an illegal currency.The price of Bitcoin is directly proportional to its demand.So if demand will decrease ,price will also decrease which will destroy Bitcoin.

Lost of interest might be one case of it dying, but it won't happen overnight, it's one possible scenario though, a new cryptocurrency might be the thing in 5 years from now. However, there are other, unlikely to happen, reasons that could cause Bitcoin to die out. Negative mass media coverage could cause it to crash, it being considered illegal and slowly shutting down all legal exchanges could be disastrous.

I higly doubt that any of this will happen though, at least anytime soon, or in a short period of time.

ashfer

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so far there is nothing developed which has capacity to destroy bitcoins as btc is being developed by someone with lot of coding and it runs on math and it aint that easy to develop something which has the capacity to beat bitcoins . May be in future something might come up but its gonna take quite a long time for it to be developed which can beat something like bitcoin

whoisyourking

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Bitcoin is invulnerable in terms of it is a online cryptocurrency that means its untouchable. but if you mean that who can stop bitcoin there is a answer for that. only the government can stop and banned bitcoin for life or replace bitcoin to their own created cryptocurrency. if this things happen the value of bitcoin will become zero no one use bitcoin if the demand will become lower and the value become lower too.

Sahyadri

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The future of Bitcoin directly depends upon its demand.If the demand for Bitcoin is decreased, it will automatically destroy Bitcoin. One of the ways by which its demand can be decreased is if some other cryptocurrency replaces it.People will start using new cryptocurrency for their transactions and investments which will automatically decrease its demand.The other way can be if the government bans Bitcoin transactions and declare it as an illegal currency.The price of Bitcoin is directly proportional to its demand.So if demand will decrease ,price will also decrease which will destroy Bitcoin.

siti25

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What can destroy bitcoin is the user and bitcoin itself. If a user is compact to destroy bitcoin then bitcoin users will destroy bitcoin, but that is unlikely to happen. Bitcoin itself can be a bitcoin crusher for some reason like poor management, it could happen. And also if there is an intention to destroy, but it can not happen.

cherrymobile

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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.

I think the main reason that can destroy bitcoin is when all country ban bitcoin and many people don't use this and if many investor quit to invest in bitcoin i think the value of bitcoin become zero again and it might cause a destruction.

Rossy Akbar

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Hmm very entertained question, well I hope there are nothing bad stuff like that who can destroy bitcoin, but even if those are happens, I think there will be some community or forum or something like that whose talk about the solution to fix all those problem and we as bitcoiners also have to participate. So it's just like together we are strong. But actually I believe that good people are too many than bad people.

Sadlife

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The only thing that can destroy bitcoin is when the users decided to quit using it. An individual isn't enough to take down bitcoin even a country like china didn't manage to stop bitcoin by banning ICO's and a large group of traders sold their bitcoins also failed bringing down bitcoin. Dont underestimate bitcoin it manage to surpass all those trials in the past years now nothing can bring it down unless some major catastrophe occur or a disaster that shutdowns the internet.

valucash

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Quote from: kirikmax on October 07, 2017, 12:35:01 PM

I dare to bet with you is no one can destroy BitCoin, Can not
BitCoin will last forever and go with the development of humanity

Governments can destroy it, if they unite against it

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