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Topic: Who can destroy Bitcoin ? - page 68. (Read 21748 times)

full member
Activity: 266
Merit: 111
September 18, 2017, 06:24:15 PM
#12
The big owners of bitcoin can destroy because of volatility of bitcoin when the owner did not use his bitcoin anymore or forgot their password the moment they did not recover it is to be consider lost bitcoin and when the number of bitcoin circulating in the market became lost or stagnant thet would be the start that bitcoin will be destroy.
hero member
Activity: 1582
Merit: 523
September 18, 2017, 06:04:25 PM
#11
I do not know exactly who can destroy bitcoin? maybe I think the country with the strongest economy can destroy it. bitcoin in my opinion is difficult to destroy because it is too strong, china alone by forbidding ico only little impact to bitcoin, now the price of bitcoin is back to normal.

There are many possibilities that can destroy bitcoin. Those greedy persons that wanted to stop/ban the bitcoin so anyone cant use it. My first choice that can destroy the bitcoin is the government which they think can affect the economy. But nowadays, bitcoin is becoming stronger digital cryptocurrency that would adopts more users in the community. So I think it cannot destroy for now as the demand is continuing to grow.
sr. member
Activity: 1150
Merit: 260
☆Gaget-Pack☆
September 18, 2017, 06:00:31 PM
#10
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Simple, another coin that does all bitcoin can do, plus more. Ethereum is still young, but already offers a multitude of utility, that Bitcoin in it's current state, pales in comparison to. Now,  just imagine something that offers all of this, plus more?
   Bitcoin and blockchain will always be the archetypal foundation, the mold that all other crypto coins will be cast from, in it's shape and likeness. What ever format the new platform morphs into, you can be sure that it will be more innovative than the previous two!
What ever problems, or inefficiencies Bitcoin, and Ethereum may suffer from at the moment,  their successor will answer for, superseding expectations,  and raising the bar of innovation to new heights.
sr. member
Activity: 406
Merit: 250
September 18, 2017, 05:56:09 PM
#9
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

Bitcoin surely can be destroyed by few factors. Firstly the government authorities. If The federation of all countries like United Nations decides bitcoin as a threat to the present banking and financial systems, that would bring a huge loss to the bitcoin investors. We have recently seen a glimpse of such an incident when Chinese banned the ICO and exchanges.

Secondly, bitcoin can be destroyed if their is a massive hacker's attack on the network and they start publishing the network key of all bitcoin users. This way, a lot of uncertainty and confusion will fused in to market and many investors will turn negative to it siting the weak security of their funds. It will cause a massive loss of interest among the investors and the price will start to go down.

There may be more factors, but for me, these two factors can easily bring down the price of bitcoin and eventually destroys it. 
full member
Activity: 364
Merit: 100
September 18, 2017, 05:42:27 PM
#8
I do not know exactly who can destroy bitcoin? maybe I think the country with the strongest economy can destroy it. bitcoin in my opinion is difficult to destroy because it is too strong, china alone by forbidding ico only little impact to bitcoin, now the price of bitcoin is back to normal.
full member
Activity: 364
Merit: 100
September 18, 2017, 05:33:32 PM
#7
personally I think the factor, which can most certainly destroy the bitcoin is the Chinese, as well as the authorities, may be that one day the bitcoin will become illegal or will be much more monitored ..
If China completely prohibits the crypto currency in its country, and this is quite possible in connection with the latest news from China about the draconian measures being prepared there in relation to the crypto currency, this will not mean death for bitcoin. Bitcoin is quite capable of surviving and successfully developing without China, which has witnessed its significant growth over the last three days.
legendary
Activity: 3108
Merit: 1029
September 18, 2017, 05:27:39 PM
#6
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.
newbie
Activity: 39
Merit: 0
September 18, 2017, 05:24:11 PM
#5
nobody can do it  Cool
hero member
Activity: 1302
Merit: 501
Sovryn - Brings DeFi to Bitcoin
September 18, 2017, 05:19:49 PM
#4
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
YED
full member
Activity: 209
Merit: 100
September 18, 2017, 05:03:48 PM
#3
be sure nothing can destory Bitcoin  Grin
sr. member
Activity: 328
Merit: 252
September 18, 2017, 04:57:21 PM
#2
successful cryptanalitic attack on private keys, excessive mining monopoly, global internet shutdown (possibly), massive loss of interest.
hero member
Activity: 1078
Merit: 507
September 18, 2017, 04:05:21 PM
#1
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
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