Pages:
Author

Topic: Who can destroy Bitcoin ? - page 59. (Read 21748 times)

member
Activity: 83
Merit: 10
Another day another dollar
September 24, 2017, 11:36:48 AM
the only thing that can destroy Bitcoin at this point is if a fatal vulnerability was discovered within the Bitcoin blockchain.
full member
Activity: 462
Merit: 100
September 24, 2017, 11:36:02 AM
I'm not so sure someone can destroy bitcoin, if every country prohibits trading with bitcoin, of course bitcoin will be destroyed. but it is not possible.
full member
Activity: 268
Merit: 109
September 24, 2017, 11:34:08 AM
its market price is can not be zero because price is about bids and asks but btc can be dead.rich guys and goverments can do that.but rich guys dont do that becaue they gain noting.only countries can do this
hero member
Activity: 798
Merit: 500
September 24, 2017, 11:33:38 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
None? as long as the nodes of bitcoin will still actives to secure the bitcoin network around the world, but according to the recent news and it seems the government is be able to control bitcoin through give a limit to the exchange sites or even banned it from their countries. But bitcoin is about freedom of use.
It's true that there no given thing that could destroy bitcoin for now. Because as the days goes by , new development and innovation also happens to bitcoin resulting for a better form of bitcoin that could serve people on transaction, investments and trading that is a good thing for Bitcoin development and increase for its value.
sr. member
Activity: 560
Merit: 250
September 24, 2017, 11:27:27 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.



many of which could potentially drop the bitcoin price. but bitcoin independence has been proven to be clear. from various disruptions that occur, ranging from restrictions in some countries. and rumors are being directed at bitcoins.

still bitcoin can survive until today.
sr. member
Activity: 1162
Merit: 260
September 24, 2017, 11:18:21 AM
1. No one believes in bitcoin (because of something).
2. World war.
3. When the power grid/internet has been shutdown.

Your option 2 and 3 may can destroy the whole world, not only the bitcoin.

Some computer scientists say quantum computers are moving closer to reality and will destroy the whole encryption systems which are being used now. Thus the bitcoin system is totally on risk and could be destroyed if the quantum computer comes into reality. If you google " quantum computer " you will get tons of result about how it effects on btc.
hero member
Activity: 658
Merit: 505
September 24, 2017, 10:56:25 AM
First of all, bitcoin depends on its users and I beleive that only them decide if bitcoin will survive or not. If they will use it bitcoin will not disappear from the scene. But I know there are also some conspiracy theories where banks will join together to ruin the bitcoin but I don't beleive this is going to happen.
newbie
Activity: 49
Merit: 0
September 24, 2017, 10:52:42 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

I think is WE ARE. if we the Bitcoin community no longer want to use bitcoin and nobody uses bitcoin then Bitcoin will be worth zero. to destroy Bitcoin I think not yet.
sr. member
Activity: 532
Merit: 250
September 24, 2017, 10:51:25 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Actually, no one can destroy bitcoin unless if some people do not believe in bitcoin. In addition to that,  I think bitcoin will be destroy if it is banned globally and if no one imvest in bitcoin I think it would bs destroy. Lastly, I do believe that it won't happen because it will have negative effect to all bitcoin users.
hero member
Activity: 866
Merit: 1001
September 24, 2017, 10:40:59 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
          Bitcoin has remained as the king of crypo currencies for the past eight years.Till,now,there is no other coin which has the potential to replace bitcoin.Monero,zcash despite providing full anonymity unlike bitcoin also have failed to compete with bitcoin.
            Legality issue also will not affect bitcoin since it has been legalized in just one or two countries and still it is traded successfully all over the world.Demand for bitcoins is also not an issue since we could find the demand for bitcoins increasing continuously.So,no issue of price falling to zero.
            But when quantum computing gets introduced after twenty years,it might become a serious threat to bitcoin.It's said that quantum computers would easily read the private key of bitcoin wallets from public key.So, bitcoin's security might get compromised and preventive measures should be taken from now itself to avoid such issues.
            
sr. member
Activity: 344
Merit: 257
EndChain - Complete Logistical Solution
September 24, 2017, 10:23:46 AM
Bitcoin will be destroyed if Bitcoin will be banned globally there is no investors, traders and users obviously; No internet connection, no one can  browse; World war.
full member
Activity: 476
Merit: 103
September 24, 2017, 07:58:01 AM
world war can be the main reason that will destroy bitcoin.
But there are some other factors like duplicate Bitcoins in market. Another powerfull crypto currency. Or like china if other countries ban Bitcoin.
full member
Activity: 1489
Merit: 150
September 24, 2017, 07:25:47 AM
Perhaps this will happen, because we know that a strong country has begun to show its strength.
it is possible that bitcoin will disappear if the world enters war. yes maybe the 4th world war. North Korea seems to have started it.
terrible hope this does not happen.
sr. member
Activity: 1274
Merit: 278
September 24, 2017, 06:54:15 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin is growing in all aspects because of its users and investors, and I believe that its users can also 'destroy' it. If its users will find another crypto which has a higher and more stable market value, they'll probably transfer to it, and the demand of Bitcoin will fall. If the demand is low, its value won't be high. And may result for Bitcoin to be removed as the no. 1 crypto. And if the negative effect will be continuous, it will be bad for Bitcoin if this thing will happen.
hero member
Activity: 826
Merit: 529
September 24, 2017, 06:19:16 AM
form my experiences I can say that no one can destroy Bitcoin, even nothing can be harmful to Bitcoin except Bitcoin holders. if Bitcoin holders wish to sell thier Bitcoin at a low price for collapsing this platform then it would be possible for this purpose. Otherwise, Bitcoin can't be hacked anymore because it has been invented by a couple of experts. they have proved already regarding this issue.
sr. member
Activity: 630
Merit: 272
September 24, 2017, 05:51:12 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

Nothing. No one can destroy bitcoin! As long as community is here, it will survive.
I disagree with you. It seems to me that the biggest threat to bitcoin is itself in the bitcoin community. Miners can not solve the problem of high fees for small transactions, the fork, the user has turned the currency into a tool for investment. there is no consensus in the community and this is a big problem.
newbie
Activity: 19
Merit: 0
September 24, 2017, 05:41:45 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

Nothing. No one can destroy bitcoin! As long as community is here, it will survive.
full member
Activity: 269
Merit: 100
September 24, 2017, 05:33:07 AM
I don't think anyone has the power to destroy bitcoin completely, some government like China can have an impact on it like what you saw with the recent FUD but they don't have the power to destroy it , no one can destroy bitcoins!
full member
Activity: 182
Merit: 100
Transcodium - The Future of Transcoding
September 24, 2017, 05:27:21 AM
Until now no one can beat bitcoin, but if we talk in general only ETH has the potential to beat bitcoin, but I think for now ETH can not beat it.
But soon the possibility of ETH will be ranked 1
Eth can never, why because the feature eth will use in destroying it (smart contract) has been proposed and will be added to bitcoin.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
September 24, 2017, 05:24:52 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
nothing can destroy bitcoin! Because bitcoin designed not to depend on anyone, or whatever it is. I mean, bitcoin will continue to exist for as long as it takes.
Bitcoin has become growing its users daily. It can destroy by users if continuing selling bitcoin that value become zero and no support from the community. In line with this, bitcoin nowadays will continue to grow and value is keep increasing.
For sure, bitcoin is growing and the users of the bitcoin are increasing as the time goes on. So it is not really possible to destroy the bitcoin ever. As to my prospective bitcoin cannot be destroyed as it is impossible to destroy any currency until there is no inflection and if it can ever happen  it can be easily revived but for me to destroy the bitcoin it will take more than thousands of year.
Pages:
Jump to: