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Topic: Who can destroy Bitcoin ? - page 55. (Read 21748 times)

member
Activity: 95
Merit: 10
September 26, 2017, 11:23:37 PM
Lack of Internet, when all of the users cannot earn anymore and we will no longer invest in bitcoin.
Lack of internet cannot stop bitcoin because bitcoin is gonna be your local currency soon in 2020 because look at the rate of bitcoin people are praising to have a lot of bitcoin so what do you need more?
hero member
Activity: 859
Merit: 1000
September 26, 2017, 11:15:59 PM
The only people who can destroy bitcoin are those who are holding bitcoin, so everybody can do it, it doesnt have to be a bank, a president, or a goverment, anyone can create a big "real" fud and make everybody panic, that makes the price bleed a lot. Or just wait until there are bad news for bitcoin and try to spread so many fuds, and that is happening everyday.
So everybody can do it.
sr. member
Activity: 588
Merit: 251
HELENA
September 26, 2017, 11:07:47 PM
Lack of Internet, when all of the users cannot earn anymore and we will no longer invest in bitcoin.
sr. member
Activity: 485
Merit: 250
September 26, 2017, 10:58:45 PM
The people can destroy Bitcoin - you and me. If people don't use Bitcoin then it's good as dead.
sr. member
Activity: 431
Merit: 250
September 26, 2017, 10:55:17 PM
I'm sure the FBI or the CIA could destroy bitcoin if they want to, but I thought surely this would create chaos, because it could have an impact is not good for their reputation.
full member
Activity: 252
Merit: 100
September 26, 2017, 10:12:23 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
The one factor is government, government is so powerful that can ban bitcoin anytime, and when the time comes the price of bitcoin will be zero because no one can use this if its alreadt banned
sr. member
Activity: 1036
Merit: 273
September 26, 2017, 10:04:07 PM
One that can offer good and better than bitcoin that maybe the cause of bitcoin to be destroyed. As for now its imposible and it can't and no one will ever destroy bitcoin.
sr. member
Activity: 1358
Merit: 259
PredX - AI-Powered Prediction Market
September 26, 2017, 10:02:08 PM
no news that makes bitcoin to zero. unless all the internet in the world is dead and can not be accessed at all that's all that makes bitcoin useless. it is very difficult for bitcoin to be zero can be said is not possible all the world has known bitcoin and everyone hopes bitcoin not destroyed at the same time disappointing.
full member
Activity: 339
Merit: 102
The Exchange for EOS Community
September 26, 2017, 09:56:57 PM
be sure nothing can destory Bitcoin  Grin

I dont think so, bitcoin exchanges and its price depends on how does the user function in this ecosystem, then we can conclude that the user can be a factor if bitcoin lose its capability to function well.. If the price of bitcoin continuously deflates maybe at some time, investors will start seeking some other way how can they be profitable which may affect the bounties that we can join, they will be limited , so I hope so bitcoin doesnt deflates so much in iys prices continuously grow its users.
sr. member
Activity: 387
Merit: 250
Presale is live!
September 26, 2017, 09:54:32 PM
Nooobody! Bitcoin is a decentralized network of computers and you can not shut off all the computers at the same time it is just not feasible at all.
sr. member
Activity: 585
Merit: 250
PredX - AI-Powered Prediction Market
September 26, 2017, 09:47:19 PM
Nothing is everlasting and perfect in this world, including bitcoin, I'm sure someday there will be hackers who can destroy bitcoin to make bitcoin worthless.
full member
Activity: 994
Merit: 106
Official Street Team member
September 26, 2017, 09:31:02 PM
No one can destroy bitcoin Cool
now bitcoin already has a strong community, so it is impossible if bitcoin becomes a currency that is worthless
every day many new people want to know about bitcoin, that's what will make bitcoin become stronger Cool
newbie
Activity: 29
Merit: 1
September 26, 2017, 07:57:49 PM
When the invention of quantum computers do not be one a distant future and become part of our reality.
full member
Activity: 476
Merit: 102
September 26, 2017, 07:27:23 PM
At this moment no one can destroy bitcoin because it is invisible and well - known currency. It is also the most influential  cryptocurrency in the digital world and with the higher value. Bitcoin nowadays is the most powerful coin and many investor holding it.
member
Activity: 85
Merit: 10
September 26, 2017, 06:43:59 PM
Destroy is a qualitative word and and it is pretty hard to understand what you understand by "destroy":


de·stroy
dəˈstroi/Submit
verb
put an end to the existence of (something) by damaging or attacking it.
"the room had been destroyed by fire"
synonyms:   demolish, knock down, level, raze (to the ground), fell; More
ruin (someone) emotionally or spiritually.
"he has been determined to destroy her"
defeat (someone) utterly.
"the Tigers destroyed the Padres in five games"
synonyms:   annihilate, wipe out, obliterate, wipe off the face of the earth, eliminate, eradicate, liquidate, finish off, erase; More


Trying to translate it to bitcoin reality would mean no single node is running it or communication between node is blocked by some great firewall like in China but It would need to be a World Wide firewall, an effort likely equals to shutting down the whole internet.

Or make it's value equal to Zero:
I think most exchanges don't accept Bids or Asks with value equal to Zero, which means the lower value it can have is $0.00000001. I think it is possible the same way any company on the world could bankrupt someday, bad management and lack of user interest, like it being disrupted by something far superior.
newbie
Activity: 32
Merit: 0
September 26, 2017, 06:23:08 PM
successful cryptanalitic attack on private keys, excessive mining monopoly, global internet shutdown (possibly), massive loss of interest.
Even when internet is shut down on a global scale, I think it's not really going to destroy bitcoin. Since no one will be buying or selling i believe that everything will come to standstill and will kick of once internet connectivity is restored.
member
Activity: 109
Merit: 20
September 26, 2017, 06:19:58 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
i think someone who has a lot of knowlegde in corrupting cryptocurrencies or the one who made it.
sr. member
Activity: 284
Merit: 250
September 26, 2017, 06:14:25 PM
nobody?, a lot of people are using and into bitcoin already, it'll be impossible to destroy it because of the people who invested into it. and bitcoin is gaining popularity
hero member
Activity: 896
Merit: 500
September 26, 2017, 06:12:10 PM
Bitcoin is made with complicated algorithms, but I'm sure someday there will be someone who can destroy the algorithm so as to make the bitcoin corrupted and eventually destroyed.
member
Activity: 264
Merit: 11
September 26, 2017, 06:11:51 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
No one can destroy bitcoin but i know bitcoin will die little by little  becuase the bitcoin is limited but i can say that bitcoin become increase so much high is becuase the demand is high in the next future so just wait and earn.
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