Topic: Who can destroy Bitcoin ? - page 62. (Read 21748 times)
Bitcoin is already released in the public, whether it forked or maintain its specifications, Bitcoin cannot be destroy, some theory about quantum computers but I guess Bitcoin security would have been upgraded by that time. Besides it is hard to destroy it because even a single computer can make it or stay it alive. And if ever the network stopped, it was forgotten for several years, once someone got an interest to revive it, it will go up again.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
If it can be destroyed i believed it has long been destroyed but amidst the ups and downs of its value it is all the more growing and still on the top.
now a day, bitcoin is the most successful and powerful currency. we know, man will create everything and man is the owner of everything.........
Bitcoin itself can't be destroyed at this point in time I guess.
But it's value can be destroyed, if only the regulations become bad enough.
But it's value can be destroyed, if only the regulations become bad enough.
State level actors acquiring enough CPU power. I've also heard that quantum computers could crack SHA256.
Of course both are highly specualtive and unlikely IMO. I would give more credence to the first than the latter.
Of course both are highly specualtive and unlikely IMO. I would give more credence to the first than the latter.
The computing power of quantum computers should be enough to crack SHA256. However, this would mean, that quantum computers could also hack into any currently secure banking system and similar. The least we should worry by then is the destroyed BTC, but the vulnerable economy.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
nobody knows. as long as bitcoin is liked by many layers of society and people involved in it. it would just be an empty talk. for seeing and referring to the development of bitcoin from the first time up from the Chinese rumors. bitcoin still exist and survive. conclusive evidence.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
nobody knows. as long as bitcoin is liked by many layers of society and people involved in it. it would just be an empty talk. for seeing and referring to the development of bitcoin from the first time up from the Chinese rumors. bitcoin still exist and survive. conclusive evidence.
If all governments of the world causes a global power outage and are the only ones that can run the blockchain on a (secret) computer, they can alter the block and the code, literally destroying the currency.
Beside that, there are some scenarios what can cause BTC to go down to zero in value:
1) The next 'new thing' that makes BTC obsolete, so ppl are flipping to the new technology. That can be ... OPEC is setting up an alt-coin and accepting only these crypto currency as a payment for crude oil. I think we will see a huge dip in all cryptos then.
2) When ppl agree on each other that BTC are worthless. But keep in mind that BTC can rise from 0.00 to even $5k, when ppl agree that one BTC is worth $5k again like between 2010 and 2017.
3) someone successfully hacks all existing nodes in the network simultaneously (very unlikely)
4) The day the last users of BTC losing their keys for their wallets and there are simply no more BTC in circulation (after the last BTC had already be mined)
5) A zombie apocalypse, judgement day, a global killer comet a.s.o.
Beside that, there are some scenarios what can cause BTC to go down to zero in value:
1) The next 'new thing' that makes BTC obsolete, so ppl are flipping to the new technology. That can be ... OPEC is setting up an alt-coin and accepting only these crypto currency as a payment for crude oil. I think we will see a huge dip in all cryptos then.
2) When ppl agree on each other that BTC are worthless. But keep in mind that BTC can rise from 0.00 to even $5k, when ppl agree that one BTC is worth $5k again like between 2010 and 2017.
3) someone successfully hacks all existing nodes in the network simultaneously (very unlikely)
4) The day the last users of BTC losing their keys for their wallets and there are simply no more BTC in circulation (after the last BTC had already be mined)
5) A zombie apocalypse, judgement day, a global killer comet a.s.o.
no one can beat bitcoin because if bitcoin gets lost there is likely to be a problem with people using bitcoin in crypto currency, because bitcoin has a big impact on the growth of their global currency, taxes
State level actors acquiring enough CPU power. I've also heard that quantum computers could crack SHA256.
Of course both are highly specualtive and unlikely IMO. I would give more credence to the first than the latter.
Quantum Computers can't do shit right now and that won't be changing for a while. Of course both are highly specualtive and unlikely IMO. I would give more credence to the first than the latter.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I think if all governments ban bitcoin, I think then the motivation to use bitcoin as a P2P currency will dwindle and eventually because of the loss of value/demand it could go to a slow death...
But lets hope that's not the case...
Bitcoin prices are currently low. But I do not think that bitcoin will be destroyed for this. Now its price is increasing slowly. Bitcoin has become very powerful. It's not so easy to be destroyed. I'm not watching Bitcoin's demolition but a bright future.
It can be destroyed, only if all the owners will buy it and never use it.
But generally it can not be destroyed or disapeared.
It is between 3800 and 4200, it is really a good price.
But generally it can not be destroyed or disapeared.
It is between 3800 and 4200, it is really a good price.
State level actors acquiring enough CPU power. I've also heard that quantum computers could crack SHA256.
Of course both are highly specualtive and unlikely IMO. I would give more credence to the first than the latter.
Of course both are highly specualtive and unlikely IMO. I would give more credence to the first than the latter.
I think if many countries are banning bitcoin like China, it will be very dangerous for the future of bitcoin.
Hopefully the problem in china can be resolved so that bitcoin price will be stable and continue to increase as before.
Hopefully the problem in china can be resolved so that bitcoin price will be stable and continue to increase as before.
Bitcoin could destroy Bitcoin. Or rather, miners by not adapting to the market needs out of greed...
Only the community can destroy bitcoin...
There's nothing in the world who can destroy bitcons. But yeh If countries start banning ( like china do with Bitcoins) ,It can lead bitcoins success to UNSUCCESSFUL . Peoples can start losing profit. A lot of bad thing can happen like people trust on bitcoin as a long term holding will shake and this will lead to bitcoin to more selling. The most important thing for bitcoin is its trust and it should not be broken,
I think only goverment of countries can only ban bitcoin in its own country. Now i can nit imagine how many resources, time and money to destroy bitcoin, i think it is even impossible.
I might sound a little bit philosophical here but the people that can destroy bitcoin is 'us' and it will happen when we all abandoned bitcoin. The moment that happened the value drops significantly without measure and with that, no one to ever touch bitcoin. What other end can happen, it does not need to be hacked or controlled. Its about the faith people have in bitcoin and the moment that faith begins to diminish more than increasing, then the end is imminent.
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