Is it possible to kill a competitors website?
Yes. As seen with the recent Build My Rank fiasco you can buy BMR links and point them to your competitors sites and you will kill their site, and as they didn’t pay for them will not be able to remove the links, and won’t be able to file for reinclusion. Good bye competition, hello higher rankings!
Your mileage may vary. Don’t expect this to work for Wikipedia but it will for some smaller outfits.
Google has to address this as they have now created a huge loophole in their algorithms. There are several linking networks out there, BMR is just one. For a few hundred dollars you can kill a competitors site – let the mayhem commence.