Topic: Who can destroy Bitcoin ? - page 64. (Read 21748 times)
I think the only thing that could destroy is bitcoin itself. If Satoshi Nakamoto decides one day he wants to scam all of us and one day closes bitcoin then we are all doomed. LOL!
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
The same person/entity who can destroy the global Network of interconnections (i.e. Internet)
for now I think no one
because investors and the ones who are accepting BTC will affectted and I think bitcoin will survive much more
because investors and the ones who are accepting BTC will affectted and I think bitcoin will survive much more
Only one person can destroy Bitcoin. Chuck Norris!
Nah, seriously, Its been going on for so long now that I cant really predict a cause having it destroyed.. a 51% attack is no longer viable. Sure, if almost ALL hashpower would suddenly dissapear, there would be a great disaster.
I disagree with you. If governments want to destroy bitcoin then they will be enough to strengthen control over the Bank accounts and destroy the Internet exchangers. It's not very hard to do. That is why to strengthen the position of bitcoin it is important to be able to buy and sell bitcoin directly. Nah, seriously, Its been going on for so long now that I cant really predict a cause having it destroyed.. a 51% attack is no longer viable. Sure, if almost ALL hashpower would suddenly dissapear, there would be a great disaster.
Only one person can destroy Bitcoin. Chuck Norris!
Nah, seriously, Its been going on for so long now that I cant really predict a cause having it destroyed.. a 51% attack is no longer viable. Sure, if almost ALL hashpower would suddenly dissapear, there would be a great disaster.
Nah, seriously, Its been going on for so long now that I cant really predict a cause having it destroyed.. a 51% attack is no longer viable. Sure, if almost ALL hashpower would suddenly dissapear, there would be a great disaster.
maybe its not who but what can destroy bitcoin, it strives ever since it started almost with no value then reaching to this point where it can be compared better than investing to gold. Maybe they will find some vulnerability in its security or destroy its reputation through ignorance and hoax.
Imagine banks issuing their own coin... JPMorgcoin CityCoin Barcl-coin.
Buy one Barcl-coin 2 free from us, deposit your CityCoin 5% interest....
Buy one Barcl-coin 2 free from us, deposit your CityCoin 5% interest....
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
A jealous person like the ceo of some company called Jp Morgan or a country like China whose loosing the grip over Bitcoins tried to do shake it down but did not succeed, so what's clear is that investment bankers and government are against it, but then it has patronage of Japan to. So for me it's the bankers who pose the biggest threat, but we shall deal with them. Then one more looming threat is of the fork, hopefully we see no. More.
In a market scenario that can destroy the bitcoin value is its own user. If bitcoin users gradually start leaving bitcoins and switch to other digital currencies, I make sure the bitcoin value will collapse.
PEOPLE. That is the only thing that can destroy bitcoin. We are so easy can fall under someone's influence or our greedy and to make money through use of other people, all of that destroying bitcoin by little day by day. This destroy is not felt yet, cause of bitcoin is not so popular indeed, around 10-20% of people know about bitcoin actually. I think with raising number of users bitcoin is going to be in more danger. I can't say what is going to be in bitcoin banning or what else, but bitcoin is going to be destroyed by people and cause of people. That's the fact.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Night of the comet.
Lol, the term 'destroy' makes it seem like we are actually burning physical cash, I'll stick to rendering Bitcoin's value to zero.
We, the users of Bitcoin (and other related crypto currencies) , are the ones who can render it's price to zero the moment we stop ascribing value to Bitcoin. Even when some stakeholder like China decide to be done with Bitcoin for example, as long as people ascribe much value to it, Bitcoin will remain in use.
We, the users of Bitcoin (and other related crypto currencies) , are the ones who can render it's price to zero the moment we stop ascribing value to Bitcoin. Even when some stakeholder like China decide to be done with Bitcoin for example, as long as people ascribe much value to it, Bitcoin will remain in use.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Well as you rightly say there are many factors that affect bitcoin. I think the most important factor is number of users ,for bitcoin value increase that way. Besides, it was governed by the law, the internet ,..
If I think that could affect the price of bitcoin plummeted that is the truce in a country that causes the economic system becomes irregular and someone in the search for income is quite difficult.
Bitcoin can only be destroyed if there would be a permanent ban on cryptocurrencies all over the world, which is in fact doesn't seems possible. However its worth and lead can be affected by another cryptocurrency, if a currency would emerge with more attractive characteristics and provide more earning opportunities than bitcoin, then bitcoin will surely face a serious challenge.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin is dependent on people's trust. If that trust is going zero, the market as well as the value will of course turn to zero as well. That is what is meant when Bitcoin is deemed trust-dependent. It does not have a value of its own unless people assign some to it.
Only god can destroy bitcoin
in fact, bitcoin is very difficult to destroy as possible that can destroy bitcoin is time! I mean, over time there will be a cryptocurrency that will become famous like a bitcoin today! perhaps also if there will be a global outage of the internet will be destroy bitcoin.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Friend, destroy bitcoin not possible. It's leader today and forever. I think this is large business for many peoples.
Also mining business can't destroy too. Don't stop..
If you know who is behind bitcoin for control you can say that
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