Topic: Who can destroy Bitcoin ? - page 8. (Read 21748 times)

I think there is no one can destroy bitcoin. Not even the government..
This stablish kind of business that is already built a foundation both
in business men and the community here is already in the position of supreme dynamic.

Bitcoin is so strong, so popular in the world no one can destroy and kill bitcoin. No one can beat bitcoin or destroy it possible to up in the future. Bitcoin is currently very difficult to stop because its decentralized and the governments haven't control about it. So bitcoin is so impossible to destroy to forever.

I did read a news last year and i saved the link, i think it would be an answer for your question.

Quantum Computers Will Destroy Bitcoin, Scientists Warn - https://www.cryptocoinsnews.com/quantum-computers-will-destroy-bitcoin-scientists-warn/

Yes, I guess that the officials from government can destroy Bitcoin but more likely, the people who's using Bitcoin have the capability to destroy Bitcoin too. Users of Bitcoin can look on how to destroy Bitcoin even though they are not powerful but if it is their purely intention from the beginning, it can be.

I think the only one can destroy bitcoin is us, is the all of the users of bitcoin, if we will make bad things that will affect bitcoin very hard it will totally destroy and it will be our totally fault, for example if the bitcoin is we will be used for scam it has a big possibility that it may affect bitcoin in bad things.

One can kill bitcoin or replace the bitcoin head
There are many ways to defeat bitcoin, which are hackers who infiltrate the server, which is impossible, because it is impossible to penetrate such a powerful system as easily.
no internet, or global disconnection, or overexploitation of miners also affects bitcoin. bitcoin no longer when no one believes bitcoin or no one invest in bitcoin then bitcoin will be defeated by eth

the government maybe because they want to gain tax every transactions.

The Chinese could be a big contributing factor to that. Since they control more than 40% of Bitcoins in the market. Just imagine if they all agreed on dropping their coins, now that will surely have a great impact to Bitcoin value!

I think the father of Bitcoin can kill it. But he wont do this. Because Bitcoin has made him become a Millionaire

These 3 problems can happen, but for the second problem, it's too hard to happen because people like to invest in bitcoin, as they know that is a very profitable investment over the years, It's recommended to everyone in the planet, but when we talk about hackers, it's possible to the new technolygy of blockchain to be hacked, but it's too hard.

satoshi is the only perrson can destroy bitcoin , thee one who created this awesome digital currency ..
but i hope he will never do that as i want this to continue and have atleast 5 bitcoin on 3 wallets to give it to my children as  for their saving in the future ..

no. The blockchain holds a record of the coins that get sent in and out of an address. The only way to send coins out of an address is to use the private key that created that address. No private key, no ability to send or verify those coins.

If no one mines bitcoins anymore, nobody can exchange them. Miners basically get a commission because they use their processing power to process transacrions between bitcoin wallets. So, if no one is mining anymore, which is unlikely for now, you will actually destroy the currency. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it

Here are also some scenarios - although unlikely, still theoretically possible:

1-You break the cryptography behind the Proof of Work algorithm. It’s a mathematically sound approach, as it’s mathematically possible but just very, very, very hard.In simple terms: You can fake the complete chain if you manage to re-create a new chain which is longer than the real chain , which is completely sound to all the mathematical constraints for blocks and transactions, in the time it takes the other miners to create the next valid block. Potentially possible, for example if you build a quantom computer in your garage and work out an algorithm which is able to do that.

2-A massive restriction on global scale: Governments all over the world restrict the contact points with regular money and make it very, very hard to exchange Bitcoins. Which would make it useless for transactions outside the network.

Well, I think if hackers will hack bitcoin and they will steal all money, but for 9 years working I haven`t heared something similar. There is another option if all investors will withdraw their money, then bitcoin at least will fall to the bottom. Also if countries which have recognized bitcoin legal will start blocking bitcoin, then this option is also possible.

And if it is that easy why they have not destroyed bitcoin already? If they are so worried that bitcoin is used by criminals around the world then I suppose they must want to destroy it before bitcoin becomes too big, so right now is the perfect opportunity to destroy it and yet bitcoin is still here that tells me you are overestimating the power of governments.

there is no demand bitcoin and there is no one mining of bitcoin and there is no one use bitcoin. it can make bitcoin destroy
but like impossible now bitcoin so interest because increase high price years to years, now and future

Not even governments have the power to destroy it and they know it, they can minimize its usage among the population but as long as the reason for bitcoin to exist are there people are still going to use bitcoin so the only way I see bitcoin being destroyed are, a better coin, a natural disaster that destroys almost all life on earth or quantum computers.

Someday, maybe, will be created new crypto with simply new mechanics.
For now there are only few alts, like eth, that can compete with bitcoin in future

i think none because there are so many bitcoin if the bitcoin destroy what will happen to the people or the bitcoin user . and
Bitcoin's nature is amazing and it provides all the people Access to this blockchain technology. Blockchain is now being tested by big companies. If this is damaged by them, the rest of bitcoin will not survive

Well, if there are no miners of bitcoins anymore, which is unlikely for now, you will actually destroy the value of currency. Even if it is still have worth, you won't be able to exchange it, so it is like destroying it.