Bitcoin Forum

Many are forseeing the death of bitcoin. Do you believe bitcoin is going to die?
What are the possible substitutes for BTC? State your mind!

next big thing is still bitcoin, is no where near its death at all, bitcoin never grew to its full potential, if it grows so big and then it falls big for whatever reason, then you can call it dead, until then it's better to focus our attention on this awesome technology

and besides this i can't see any new revolutionary technology coming

Well, Besides BTC limitations, the recent stress with the fork issues shows how vulnerable Bitcoin is.

Other coins, don't have the same issues and present other features as well.

What's your take on Ethereum?

Other coins don't have the same issues because no one's using them and there's nothing actually on the line.

All these wonderful coins with at least five daily transactions are likely to fall apart if people actually started to use them en masse.

Same goes for development. No one cares if it's just a pump and dump as long as the coins move back and forth to the exchange and they don't vapourise. If there's an actual future at stake then we'll see just as much squabbling.

It's a piece of piss for your coin to be a hero when there's absolutely no pressure bearing down on it.

The real Bitcoin killer would be something that was hard coded from minute one to be globally scalable and actively awarded decentralisation with zero need for further meddling. Maybe it's in the works. Maybe it'll never arrive.

http://bitcoinobituaries.com/

Bitcoin is not going to die and it is difficult to have something bigger than bitcoin and blockchain in the economics enviroment

Bitcoin isn't close to being dead. Thers still around 7 million coins left to mine if I remember correctly. Bitcoins awareness is steadily increasing over the years. In the future 10 years im sure majority of people will be using Bitcoin or Atleast have owned Bitcoin at one point

Honestly, if I had $1 for every time someone screamed, "RIP Bitcoin", I'd be a millionaire by now.

Settle down.  Bitcoin isn't going anywhere.

bitcoin is dead, use your BTC to buy ETH.

The only things that are dead, are all this bump and dump-altcoins, that are supposedly better than Bitcoin.
When ever I look here (http://coinmarketcap.com/), there are other coins in the Top 10 and 2nd place is far behind Bitcoin.

I always believe bitcoin is going to die when its price goes down, and change my mind in the next day when its price goes up again ::) About the substitutes for bitcoin, I think there is no chance for that now, even 10 years later. Bitcoin itself still need to be developed imo.

Ok, so that means that bitcoin is a living dead cryptocurrency, and even though it is underdeveloped people still believe there is a cure  :P

Hello,

Bitcoin will never die.
I think Bitcoin will be increasingly used.
I like that now I can buy things with Bitcoin.

I see that most of the people who replied to the thread still believes in Bitcoin. Now, it leaves us to know what's your position regarding Bitcoin XT
Would you support it? And if not why?

Go here  http://bitcoinobituaries.com.
So you can see how many times has Bitcoin died so far in its history.

The point that I am trying to make is this, every time the price drops or we have a turmoil in the community or some bad news, Bitcoin dies according to everybody. But oddly, Bitcoin is still alive and well. It just refuses to go!

So to answer your question, don't worry, Bitcoin is going nowhere and it won't die!

Cheers!

Bitcoin's death was predicted 999 times, and still it's alive and well. Don't confuse price with bitcoin itself.
The way i see it is that bitcoin won't be replaced in near future, because even with this dosage of annonymity and low fee's banks and governments are scared,
now just imagine if something scaled that even further ..

Question : What's the next big thing ?

http://imagizer.imageshack.us/a/img538/6333/hIG4U5.gif



Answer : Bitcoin in Iran Country : http://bravenewcoin.com/news/irans-first-bitcoin-exchange-launching/
http://imagizer.imageshack.us/a/img540/7794/KHYfKe.gif



Petrodollar is DEAD.

Without Btc die or not to die

Some interesting new developments

I am biggest fan of   http://www.yourewardyourlife.com/ (http://www.yourewardyourlife.com/)

New blockchain much,much faster that btc blockchain,could be great http://identabit.com/ (http://identabit.com/)

IdealReserve,half second transaction,and inflation deflation control algorithm,very interesting,big trouble to list on exchanges.There is good to look on IdealReserve like econmic system not only currency  https://www.idealreserve.info/ (https://www.idealreserve.info/)

more about IR you can find at  https://voat.co/v/idealreserveotc (https://voat.co/v/idealreserveotc)

There is also very fast blockchain already tested,very,very fast,will be used to move financial assets

http://www.bobsguide.com/guide/news/2015/Jul/27/setl-to-deploy-an-institutional-payment-and-settlement-infrastructure-based-on-blockchain-technology.html (http://www.bobsguide.com/guide/news/2015/Jul/27/setl-to-deploy-an-institutional-payment-and-settlement-infrastructure-based-on-blockchain-technology.html)

I think bitshares will be great also

Bitcoin will be around for a while yet!  Regardless of the outcome of the (storm in a tea cup) block size change that is required.

It'll be at least 1-2 years before there is anything challenging its #1 spot and it certainly wont be any of the current alts.

Many of those have the same limitation as BTC , or at best marginally improve them.  Some of them might find niche markets, Ethereum for example, but most will just fade away while being perpetually replaced by "new" alternatives that offer no significant improvements over what BTC can do.

There are a couple of technologies on the horizon that may pose a threat long term, and plenty of minds (including mine) are working on finding ways to implement real "giant leap" improvements.  The problem with research is it's slow work, 2 years and counting for me, more for others, and as far as I know its going to be at least 6 months before any of these exotic technologies are ready to go.  Even then there is the task of ramp up and roll out, which is again time consuming and expensive.

But, whatever it is, you'll know it when it finally arrives.

i think bitcoin would never die
and it is hard to have something bigger than bitcoin

This was the best reply. at least a real honest one! "The problem with research is it's slow work". And I think this is really it. but now with big companies researching these technologies There is only one outcome... we will see a leap on the development of blockchain technologies that will probably turn bitcoin obsolete

I'm not so sure of that either.

I've worked with some very large companies in the past with previous businesses I owned, and gone head to head with corporate competitors.  Corporate cogs turn real slow, too much red tape, so even if the development is moving fast, the board will take forever to make a decision.

The "leap" will come from a either an unknown small team that has been cranking away for a few years, or a group that was under-estimated....and it'll come out of nowhere.

I don't think that bitcoin is going to die sooner or later.
So for me there are no other alternatives of bitcoin in crypto world.
No matter what, always original will remain original.

i think btc is not going to die i know im just new also to bitcoin
but i think that it will survive for years

I think that this is a stupidity. Bitcoin cannot be dead because is born. And the born of such things is a rare event. Bitcoin is not a simple currency but a disruptive technology which will affect to many others in the future. It is one invention like those which born one in a hundred years. So bitcoin is based in a such technology. The strong of bitcoin compare to other currencies will depend but its dead is to be excluded.

What's the next big thing? The spread of bitcoin in all over the world.

well i dont believe that it will die at all.. it is just natural to a currency to go up and down.
its just up to the user if they have guts to continue using bitcoin.

Can you set this up as a poll? How are we to know how people are responding?

I think you missed out on the initial bitcoin run and now are now trying to identify the next trend to hope onto to make a quick fortune.

You should post this over in Economics, you'll get a better and more educated (to economy and business) response.

I think you blockchain technology will be one of the next big business movements. Others that exist are the internet of things and cyber security.

Btw, who are "the many" predicting Bitcoin's death?

How can Op create a poll if he is not sure what to include in it? That is why he is asking about our opinions. It is not necessarily pure economy topic.
Bitcoin and its future can be discussed on many levels.

And yes, you are right everything indicates that blockchain will be the most successful 'part' of bitcoin adapted by major financial institutions.
That does not mean that bitcoin is bad, dead or have no future. In the past I have seen so many critics saying that Bitcoin is dead/dying that I do not pay attention to this FUD now.

i prefer midsafe to be honest, it appear to be a more legit project, but anyway i want that those project are based on bitcoin, in the sense that i want to use bitcoin as a currency, they should help bitcoin instead of proposing a clone of it, i'm talking about their internal currency

Let's all create threads with the same useless questions over and over again
That add no value to the community so we can all keep the quota up on our sig campaigns

Yeah you're right. The first question the OP asks is "do you believe bitcoin is going to die?" So I think that's what was anchored in my brain when I made that comment. You're right he/she is asking for much more than that.


That's a fair comment and a certain annoyance. I've been here a while and also get annoyed when I see a thread for a common question pop up. I do two things when this happens, 1) I mention to the OP that there are threads about the topic and maybe even direct them to one, and 2) I remind myself that there are a lot of new people here and new people tend to ask the same questions as they go through the learning process.


Still waiting on the answer to this question (it's most certainly not a repeat) - anyone have an answer?

I dont know why you interpreted it as a living dead thing, I just said bitcoin is going to die, not already died ::)

Actually your question and the answers has been answered in other thread :-\
For me, I will support anything that could make bitcoin be better.

Yes, and this is the illustration of what is going on
https://lh5.googleusercontent.com/csUOAj7wCNUx3USnLE7yEXnrIU8fcKHoYzizj8pJXlXUI0AyGxTOSceKDj6YDF-BRijiCJ_NRJoSwHCseb--Vm2eduXzya934xXpGN2xKR3l7RnhuVn44yVChJrbqwt6Hw

There are none, im afraid tho that discussions and voting on direction that bitcoin will take will be cucial for its future :| and people are only people.

The next big thing after Bitcoin is Bitcoin.Simple ist that. If a fork happens or not, whatever BIP will be used, Bitcoin will survive.These stupid threads have been created a 100 times and I think we all are getting sick of it.

Probably a new biggest cryptocurrency is coming, Which the usd equivalent is very low. I never put on my mind that BTC will get die / loose for whatever reason. I never believe its going to die as 98% people in world uses Bitcoin. However i'am hoping btc value will get low soon.

btc is and forever will be the best cryptocurrency on the internet.

Even if it's not Bitcoin, hopefully other people continue to build on the same P2P technology.

Nonsense. I certainly seems bitcoin is the hegemon of cryptocurrencies right now, but in reality I think that state won't last too long.
People in the past were telling us that we won't ever need more than 1MB of storage, and now 1TB is not enough for big files.

if bitcoin will dead.
the next big thing is still bitcoin.
just the name not bitcoin again, but the point still bitcoin.
for the next may be bitcoin will make modification on the function or the value.

It is true that Bitcoin can die, even having now the popularity. Look at internet explorer or msn messenger ...

But I do not think so. It will renew if more features are needed, is not a static thing. For other altcoin to take over it, it should first be really really innovative. I know there is Ethereum and others, but still it is pretty much the same concept: a chain of bits that goes from a user to another.

According to Satos... errr Nick Szabo it just might be ethereum:

https://i.imgur.com/xYOYRKf.jpg?1

who are these many that forseeing this? people who are spreading FUDs? what are their reasons for predicting this?


maybe someday in the far future it dies. but even if this happens, that said day is far far away in the future.


if bitcoin dies i personally would never choose any other cryptocurrency to replace it with, i would cut my losses and leave it all behind me.

Don't agree. I think that it will be never no cryptocurrency which will replace bitcoin. It is the first, it is the original and it is the most known and used in the world. The the overwhelming most other cryptos don't have place when to be used except the exchanges when probably are there because of their developers who want to earn money from those.

Bitcoin is the cat with 999 lives.  ;) ... It dies on shill blogs and news websites every day. I would not waste my time on worrying too much about it's replacement for now.

The next kid on the block, will most probably be some coin under 100% control of corporate giants and fully regulated by the governments. The open question would be, how

many people would be supporting this type of coin. Bitcoin would still be there for the other people who do not support a surveillance state.  ::)

I do not think BTC will die; its just that its limitations due to its older age are starting to show, and are starting to be a problem  (like 10-20 minute confirmations).

BTC can coexist with the most practical alt cryptocurrency; BTC can be the base, the store of value while the modern alt cryptocurrency can run as the transactional unit to make payments.

I use Ethereum to power my 3D printed, Ruby on Rails, pumpkin spice skinny latte startup. But you wouldn't have heard of it.

I regret this forum doesnt have a +1 like button, because you deserve one.


Of course there are shills sites and news articles that demonize it, thats how they get attention by saying controversial bullshit.

It's just a moronic journalist marketing tehnique, they dont mean it, but they always say bullshit just to get more audience.


Bitcoins is just now being really born.

I think the basic landscape of bitcoin is almost clear. Although there are other ideas like smart contract, colored coin, Ethereum etc... even so called 1 million of applications on blockchain, they all share similar problem: The infrastructure is not as sound/simple/time tested as bitcoin. So they have not reached mass adoption

The essence of bitcoin is an idea to transfer ownership on internet without middle man. Because money is the most interested target of ownership, bitcoin naturally becomes something that represents money

Maidsafe, Storj, factom.

since bitcoin market is not that big and can get manipulated easily, you can spot a lot these sorts of news on blogs and news websites and even on this forum especially on speculation section. they are just spreading FUD to try and push the market in their own favor to earn a quick buck.

The next big thing is still to happen, the economic revolution, the next step to personal freedom that was set out when we were freed from the dogma's of religion, the industrial revolution, the digitial revolution, crypto currencies can make this happen and we are just at the start. The next big revolution after that will be in the way the governments control or govern us, people are getting more and more individual, it is a big guess what will set up this next revolution and how it shall revolutionize our world, but it will come, decentralisation of power over countries and people.

But let us focus on one thing at a time and finish this revolution of the economic world. We have still a long way to go.

I don't think bitcoin will ever die because there will be always buying and selling of bitcoin will be done forever and that will cause economy to run it forever :p you and we everyone is running it

Bitcoin still has to become the big thing imo.. It is not well known enough around the world yet, it will be the big thing when mass adoptation happens. Than you will cry for selling today..

So we hodl hard and accumulate more.
What happened to your Avatar? Where is the flexing Biceps?

Ethereum is definitely very interesting technology that should have a nice future if the developers develop everything that are promising. I see Ethereum and Bitcoin very much complementing themselves. They should both have great future.

But if people decide so, they can just ditch Bitcoin and use Ethereum as a currency. I don't see this happening though as long as both chains are robust and work as they supposed to. After all, Bitcoin has great security record going for itself, Ethereum still needs to prove itself.

The problem I see with Ethereum is its lacking of incentive. There are so many interesting technologies that no one cares about because of no incentive, such kind of technology would not direct benefit the participants, it must be driven by a centralized organization who have lots of resources to invest and make some products that can be accepted by market

For bitcoin the incentive for participants are very intuitive: You mine the coins and sell it for profit, you accept bitcoin payment thus make bitcoin more valuable

How could an average Joe to benefit from Ethereum? I think the Ethereum from its very establishing is just to prevent normal people from participating:

"What Ethereum intends to provide is a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create "contracts" that can be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, as well as many others that we have not yet imagined, simply by writing up the logic in a few lines of code."

You need a doctor degree in computer science to understand what is the meaning of all these buzz. And still, the concept of "contracts" are not solid due to the fact that it need centralized authorities to enforce

After Ethereum Frontier, I think they are planning on making it a bit easier to use.

Next big things:

For example; bitcoins are highly suitable for:

• Online transactions
• Face-to-face mobile transactions
• Machine-to-machine transactions
• International remittances
• Secure savings
• Back-up

However, Bitcoin is much more than just "money". Bitcoin's network and technology (the "Blockchain") enables:

• Start-up innovation (an address is all you need, bank account optional)
• Autonomous Trading Entities / Decentralized Apps / Corporations (DAC:s)
• Proof-of-existence services (timestamping)
• Multi-signatory contracts, wills, insurance agreements
• Borderless value transfers
• Transparent governance

Yes, but not in my lifetime.

And this is very necessary. The Frontier is unusable unless you are a coder or a serious crypto user willing to learn. I have been looking in one of the clients of Ethereum at the moment, GETH, and after 2 days of messing around with it I have learned to first install it, then to create an account, check balance and send simple transaction.

Need I to say that I almost gave up few times. I see huge interest for Ethereum from the people around me, but this interest stops right away since nobody knows how to use it at the moment.

I am sure that Bitcoin will not die. For sure that idea of cryptocurrency already got it`s name - Bitcoin!
This already open a lot of new ways and possibilities.

BIP 100 is awful, if its adopted its the death of Bitcoin for me at least dump and buy Litecoin maybe?

But then if BIP100 gets adopted purely because of miner majority even if the userbase doesn't want it, it would actually highlight a major flaw in cryptocoins, namley that hash power would be able to force rule changes against its users, which is far more dangerous than a 51% attack, it basically means you can never trust in the rules of any coin anymore (so no, moving to litecoin isnt the answer), for they are no longer this stable set in stone neutral thing that was so attractive in the first place, but a thing that can change due to the will of a few.

I dont believe BIP 100 will be adopted simply because of hash majority, but if it is then Bitcoin is flawed and the next big thing would be a coin that has a voting mechanism that goes beyond just hashpower some way of seeing what nodes relate to what entity's so consensus on any update can be be gauged over a wider spectrum.

I think it has arrived tbh and it's name is monero. I was looking at the coding they use and the true anonymity of the coin it's self and it is amazing! Not to mention the community behind it. It continues to grow new users every day and steadily grows in value. It's coded already to have easier P2P transactions and will be continuing to mine easier than any other coin in the long run if it gains more traction. It allows people to choose if they want their payment key to be viewed which makes any person/business to remain very secure in their transactions. I'm still learning more about it, but that is my bet of which altcoin will "make it". That's not to say btc and xmr can't cooexists either. Btc provides easier transactions with faster transaction times, while xmr secures your investment/payments. Now the real question of what would really kill btc is which coin can make a simple, very fast transaction system so everyday normal people will be able to go to the grocery store and make as quick of a purchase as debit/credit cards. If that were to happen, and this block size war is still going on; btc will eventually go down.

Average Joe might be interested for gambling, sports wagering, etc. Wait until Augur and other prediction markets come out before making a final judgement on utility.  Cryptos main benefit IMO has always been mainly due to its ability to bend currency laws, like Uber does with the taxi laws.  One of these decentralized systems will eventually be the Uber of sports wagering and it will be something to see.

the next big thing is $1000 price of bitcoins! and i think everybody hope like that..

returning to something which was already achieved can not be called the next big thing, 10k would be a better price entitled as "the next big thing" if you want to talk about this

True.
That milestone has already been reached so we need to set a higher price.
Who knows, maybe Willy 2.0 might pop up :o

If one day bitcoin is gone I'm sure people would lose trust towards crypto currency as a whole. Besides at this point I really don't see an alternative coins will be worth taking over its place.

Thats bad because Litecoin can take over anytime, its almost a clone of bitcoin, so it would be easy to take over.

Plus by then we would have more experience with cryptocurrencies, so obviously any error that bitcoin had, would be corrected in the others.


Besides dont forget: NXT, NMC, PRC, GEMZ, BYTE,etc. those other altcoins will be worth something without BTC aswell. Not to mention ETHER, and RIPPLE.

I am sure that if Bitcoin would be gone, the Litecoin won't be the one to replace it. Litecoin is basically the same technology as Bitcoin, just a bit tweaked. Whatever would kill Bitcoin, would kill Litecoin as well.

Some of the above coins that you have posted have much better chance in replacing the Bitcoin, even though I don't see this happening either. They might complement each other but not replace it.

Totally agree, you need to write a book!


No because bitcoin faces danger from the inside.

Litecoin has pretty solid dev team. Bitcoin devs only bicker with eachother, which is not good.

If bitcoin gets destroyed by devs foolishness, litecoin will take over with more disciplined and professional devs.

If LTC is the same thing as BTC it won't matter if BTC's devs fight with each other... If the crypto you are copying is the same and their devs have an issue with block size, that means if LTC were to even get at $10 a pop, the devs would start wondering how to ensure the health of their blockchain network just like BTC's devs are doing.

Bitcoin is still the real thing, as far as I know there is nothing that even comes close, maybe that’ll change but as of right now bitcoin is king.

That's a very valid point. Ethereum needs more PR. We need all those crazy altcoins users to start to hoard some eths an increase the value.
We need a solid user-base, and focus on the monetary aspect of Ethereum too. The Solidity and Smart-contracts are the main point s of ethereum, but right now, they aren't the ones bringing the money to the platform.

I just don't think that BTC will DIE.. It is just starting. And it is getting stronger and stronger. I think people should be educated on how BTC works. in that way, many others will be into using BTC. Just sayin.

The next big thing: Satoshi nakamoto revealed death. Btc collapsed.

i am 100% sure that if someday bitcoin dies at least litecoin would not take its place, as you yourself said litecoin is just a copy with no useful feature. so i don't see any chance for it.

but other coins might have a better chance BUT i personally would not consider any substitute for crypto since if something huge like bitcoin dies other altcoins which are just small projects in comparison with bitcoin, would die too.

Yea but they would not make the same mistake as in BTC. If BTC adopts BIP 101 and fails.

Then LTC can adopt BIP 100 and succeed.

This is what I was trying to say.

No because BTC and LTC given their identical nature, they can substiture eachother.

And so far I dont see any coin that come nearly close to their security. Maybe BYTECOIN can replace it.

Or if a more decentralized/anonymous approach is needed then Monero.

Other than that, these coins dont have as many devs, but who knows what the future holds right?

Ethereum hasn't properly started yet. They're still in the frontier phase.

Eth, Bitshares, Banx, upcoming Neu, STR, Ripple, NXT are all big coins that jumped straight to the top of coin marketcap list because they had tons of funding to back them up with some marketing and an echosystem to get them started.

None of them however is seeing this artificial and initial echosystem snowball and develop to a whole environment; and it looks like the Devs of these big coins got what they wanted already - so don't expect anything from them anytime soon. Don't buy these coins.

The service of Bitcoin can meet the requirements of big trade and become a safe tool for storage of assets.

Gridcoin (GRC) is in my opintion the best coin to support as supporting it involves supporting sciene and advancing humanity. The best thing about it is that even total crypto-newcomers understand the idea behind it and want to contribute their computing power, see for example https://www.reddit.com/r/homelab/comments/3k059i/run_boinc_on_your_home_lab_offset_electricity/

The mining process consits of running BOINC (https://de.wikipedia.org/wiki/Berkeley_Open_Infrastructure_for_Network_Computing) research simulations on your computer, for example folding proteins, simulating a brain or searching for aliens.

You get rewarded for this research in a completely decentralized way. If you are interested go to gridcoin.us or visit our IRC: https://kiwiirc.com/client/irc.freenode.net:6667/#gridcoin

I think BURST is the next big cryptocurrency:

https://bitcointalk.org/index.php?topic=731923.0

We are in the process of reorganization, and improved mining network with big community support coming from veteran members of it.

Yet the price is realy low, and inflation is decreasing, so it can be a potential big thing. Also it can be a potential angel investment with high rewards coming soon, if the price will start to go up.

1 BURST = 28 satoshi, so it very cheap at the moment.

Concerning initial funding: care to share some numbers?