Bitcoin Forum

Time has changed, folks! There are a lot of countries discussing the use of Bitcoin and now even mainstream scientists say, that Bitcoin is more transparent than cash and it will revolutionize not only the financial market, but also contracts, real estate, authority right etc etc. They even admit to not understand the Bitcoin code completely, but they are working on it.
Soon they will understand, that any alternate blockchain, will not provide the same security as the one from the "original" Bitcoin network and then we will all get rid of cash.

Thank y'all for support

Well Bitcoin will certainly change in form and purpose. Also, I think it is important to differentiate between public and private blockchains and Bitcoin.

 If Bitcoin doesn't get rid of the irrelevant rubbish transactions, it will be overtaken by a dedicated money transfer service. I won't run a full node if Bitcoin continues to store wedding ceremonies, and other non-finacial clutter. Would we have the blocksize debate if people disn't store personal messages in the chain?

I sure hope it will be successful! The thing is, it is entirely brand new and nobody can say for sure what the result of this great experiment will be. Apart from the classic buy early, be rich when it goes to the moon, I think the greater benefits are freedom.

It is possible that Bitcoin will die just look at what happened to e-gold, I remember having an e-gold account and then they suspended use of e-gold. I think that's the reason why Bitcoin was born.

That is a known news but yet a good one. It is always good when hear from the others something that you like. Even if it is known by you. But there something that mus be clarified here. It is not bitcoin which "will revolutionize not only the financial market, but also contracts, real estate, authority right etc etc." but the technology used to build and create it: the peer to peer. This is the real power of bitcoin. Not being simply a currency or a digital currency. The peer to peer give to it these qualities which make it unique and powerful. There will be to many the applications of this technology. And I think that the limit of it it would be only the human imagination.

Bitcoin is not an "account" and it cannot be suspended , It's decentralized and it's not controlled by people. If you ask me the only thing that may kill bitcoin is the shitty exchanges and their "we got hacked" scenarios ,  unless people decide to wake up and stop using them .

bitcoin will not die, as long as we know what direction the code moves forward in.

EG if they change the whole priv-pub keypair code, it can literally render 14mill coins useless if miners had an implementation that ignores things like ecdsa.

im not saying its going to happen, im using exaggerated extreme scenario.
but still worth constantly checking the code updates for bugs or malicious code.

bt as long as miners continue mining clean positive code, bitcoin will continue

You can't specifically say bitcoins but using of the term cryptocurrencies would be better .I agree that most of the mainstream and commercial business have started to realize its effectiveness and they're encouraging the act.However its not really legalized in some countries or most of them.No specific laws have been listed out on their using terms,which is kinda of bad as you would never know what government could do.There is an enormous rise in altcoins which will turn out to be a strong competition for bitcoins.

As some negative news affected bitcoin in a bad way before, I think No one can be sure about the life of bitcoin.
even with the decentralizing, Big pools miners are controlling btc and they can harm it by stopping mining or dump their coins fast.

finally a post on bitcointalk that i can agree with. i have been getting tired of seeing all the doom scenarios for bitcoin. with all the drama circling it!
bitcoin is going to take hits but history has proven that it survived them all, lets just hope this way continues in the future too.

Yeah i agree also, if the price goes down it just means another business opportunity comes into the market and pumps the bitcoin back up.  The govs can only do so much and dont have the control over things they would like or that people think they do.  Society will make room for bitcoin.

I believe it will not die in our lifetime but it might not remain at the top of the field. I think an altcoin will go mainstream and topple bitcoin off its throne.

like i've said many times, at worst case bitcoin will be a niche market for us or for new average joe that are nerd enough to use something like bitcoin, this in the case the other "average joe, not tech savy" are not willing to parttecipate

i can not see how a decentralized project like this can ever be died, and do not make the mistake to think that because many alt have died in the past, then it's mean that bitcoin will have the same fate

this is simply wrong, alt are clone of bitcoin, they do not offer anything really new(and no monero with its anon feature isn't somethign new, like bitcoin is in comparison with centralized payment)

If that is the case what could be the alt coin that can do that bitcoin still remain and will always remain the number one there are not even an hour or a seconds that bitcoin was surpassed by any alt coin in the market they only supplement bitcoin strength,,

i don't sure, lol. ;D

in that case, bitcoin core holders would be in 'big damn', since the block size is kept increasing but the bitcoin block halves in time, no use to them.

I don't think bitcoin could "die" per say but I think we could see some very interesting market bubbles and crashes in the next few years.
Their are other crypto currencies that are far more suitable for storing wealth in, nuBits being a prime example of this.

Crypto is here to stay, however which one will come out on top shall be left for only time to tell.

I do agree with this as well since i find myself it is very secure and beneficial ad the technology used for bitcoins is very different and safer than old plans in different parts of the word. I am sure it will not die and give benefit to every one long time in our ages.

so, we are the first "Bitcoin Generation" ? ;D

Agreed. That what I always say to my fellow friends and still saying it. They see just the negative feedback and the media that says it will go down or be deleted in my life in a blink. I just replied "Okay" :P

I sure hope so :D I am really excited this year to see just what will happen after the halving. Will more people jump on the train? Will it collapse?

We already know Bitcoin won't die anytime soon
 However, what will is the unwarranted debauchery.

totally agree what they said..bitcoin would not die..good advantage..and mostly people is trying to understand and start using btc..

I'm with you on this dear sir. Bitcoin will not die. How can you kill something which is now starting to be taken seriously by the market.

We currently have the advantage of a huge hash rate and a established user base and merchant network. I am just worried that a bunch of these banks,

could dump the private permissioned Blockchain approach and they go public. How many miners will move away from mining Bitcoin with it's very high

difficulty and start mining a coin backed by banks. The miners are hunting for profits and if a competitor with a lower difficulty comes past, they might

just switch operations. Who knows...  ???

Couldn't disagree at all. I believe this year and next year will the breakout year of Bitcoin technology as a whole to the world. This is when ut gets injected into other systems out there and the media has been all over it since the past 4 months and it keeps getting more attention even from those who are in power. It's going to be within the next few years if government will run against it or with it. Regardless of which the outcome be, Bitcoin won't die.

We have already heard lots of people and company talking about accepting bitcoin technology but we now need some action from them. Bitcoin is still struggling to surpass that 500 mark from months.  We need some action... ::)

E-gold was banned due to NSEL and bitcoins cannot be compared to this situation. Also, the e-gold was converted into physical gold while bitcoins cannot be converted into physical bitcoins or fiat cash as it is not even recognized now.
Bitcoins will only die if the value falls and not even when it is termed as illegal.

Yes, more and more companies are accepting bitcoin as well. It's great to see this happening.
I don't really care if it fails after my lifetime, no use for me anyway.

Yes, I agree with you. Bitcoin will stay forever as long as internet exists. And it's popularity will be ever increasing as usual as the time passes. The very advantage of bitcoin transactions is what keeps it moving.

We can agree with all our might. But that doesn't change fact that bitcoin is viewed by governments not as future payment method and successor of FIAT but as a threat.
For know we can have bitcoin, but if they officials really want to destroy it won't be that hard, despite 'decentralization'.

A while ago I posted an idea of using blockchain and it's "public account book" as a way to manage state or city expenses and taxes so every citizen can have access to the funds the current government has assigned. However, there are many good ideas like this, but what we read everyday is mostly bad press on top of bad press for Bitcoin. Lately for example is "Europe" trying to end privacy on Bitcoin due to illegal activities and terrorism.

I once thought the future was bright but I've realized that Bitcoin image is just too much tainted for its own good. The common person does not have a neutral position on Bitcoin (if they remotely know something about it). It's a bad one, something illegal that hackers use or nonsense like that. I guarantee it.

It will stay, yes, but after a couple of years I think it would somehow be regulated in most parts of the world which will force bitcoin users to transact in the "undergrounds". No one can really stop a decentralized system, unless the system itself (or the users of the system, rather) chooses to halt operation.

yes this is exciting to be in Bitcoin in the early stages.  I also agree that it will not die in our lifetime, we will see it grow and become part of our everyday lives.

The public opinion is changing day by day even governments are changing there mind all the time. The future is bright and it's only guessing now what will really happen. I watch from the sideline with a some popcorn and watch this movie going on.

Indeed there is quite a big of hope when more and more mainstream media and governments begin to consider Bitcoin as more than an experiment run by some nerds. It is quite probable that it ends up being as you say, and I hope for it.

I'm with you on this one!
In 50 years time Bitcoin will still be here.
And all of our applications will run over blockchains!

What is everyone's definition of die? Sure, it'll always be humming away in a few basements belonging to true believers but it could easily be forgotten by everyone else.

Even if your friend has read about bitcoins being bad in news articles, you can make him/her check the price charts and ways of earning bitcoins. Also, there is no media article that states that bitcoins are illegal and hence till there is no such news, your friend can use bitcoins without any fear. Even I had the same issues with bitcoins but when I started trading, my fear just vanished.

It can't die. We still haven't mined all of it. I think that's the first condition for the death of bitcoin.

That's sure that Bitcoin will revolutionise our lives. I think it will be near as important as the Internet was.

It would just be extremely difficult to completely stop Bitcoin from being used.
I mean, countries can try to ban it but it's all to no avail.

I've always said, if you need really solid economic advice, look for a guy who uses Charles Manson as his avatar.

when that happens this thing is going to take off, and who knows where it will end....... ;D

these are just the rumors that bitcoin will die, a large scale of industries are now running on bitcoin at online. Their use is a big support to it. Plus there are a large number of people who support to make it international digital currency, not only the capitalist but socialist are also attractive to it.

LOL, Socialists? They'd rather premine all blocks and the "evenly" distribute coins among people :D

As dencentralized exchanges rise, virtual currencies become more un-stopable...

I suspect you're right, but one never knows about unforseen events, does one?  And what I mean by that is that something could come along and blow bitcoin out of the water, or we could lose the need for it entirely, e.g., Armageddon.  A lot of things could happen.  But barring all that crap, yes I agree, bitcoin probably won't die within our lifetimes.  As long as there's gamblers and dark markets bitcoin will thrive.

What's for sure is that lots of important people and big companies are seriously considering the application of the blockchain.

For bitcoin... Well I'm not as sure as you are. It's really difficult to have so much faith in bitcoin simply because it goes so much against the banks that I'm not sure they will let it grow this way.

But maybe I'm wrong, and maybe I overestimate the banks power, cause even if you're against btc, it's not easy to fight it ;D

I am agree witht his idea, i think that Bitcoin will not die in our lifetime simply because it's already growing up daily and its price still increasing and will become stabe soon, so we expect and predict that this powerful crypto currency will survive for long periods

Yes exactly the bottom line is nowadays people are looking for something like Bitcoin because they want to have control over their money and don't trust banks

Me too i think that Bitcoin will not die in our lifetime, because the community is growing up and also Bitcoin's price is rising and that's encourage more users to start support this crypto currency

yes we are,we all here are the first bitcoin generation,until we die i think bitcoin will still exist,and i wonder how bitcoin survive on our second generation,i believe the future is more complicate for bitcoin to survive.

It only depends on any Government to take an action and adopt bitcoins as a recognized payment option.
I don't know why when gift cards and other rewards are legal then what's the problem in accepting bitcoins when they can also be used as a payment and can help users save taxes. If bitcoins are still ignored, they will surely die soon.

Bitcoin is already recognized as a payment method. The simple fact that we're using it demonstrates that.
And the fact that it can't be controlled by governments is the best part. You don't want Big Brother to meddle in it.

100% correct. the last bitcoin will be mined in 100 years from now...

Bitcoin will face a tough competition from new currency in future, but I don't think that bitcoin will disappear or die, it might not be as valuable as it is today, but it will keep its presence in future too, and whether people will support it or not, time will say.

I think the technology behind Bitcoin the Blockchain will stay for a along long time being used in a lot of industries. Bitcoin may lose or gain value but the Blockchain is the real star of the show.

The thing is this coming halving can make or break BTC. There's a lot of expectation in increase in price and such. If it goes otherwise we may see another crisis.

Exactly! And when the next fincial crisis hits, a lot of people are primed to move towards decentralization.

It will not collapse, bitcoin will shine and rise, the bitcoin price value will reach at its height in this year.  Just like in 2013 the price reached to $120 the same will happen after halving in this year also, Maybe the price reach to at least $800, but I wish to cross $1500 in 2016.

That would be amazing if it reaches to that mark, but yes bitcoin will rise after halving that is for sure, and who knows where it will land up at the year end might cross $2k by the year end, 2016 is definitely the year of bitcoin.

I agree with this. The upcoming halving could create chaos though unless the price goes up a lot as many miners might quit.

One thing I like to tell people is that, even if Bitcoin does collapse, the ideas behind Bitcoin won't die so easily. We might all just decide to jump to another cryptocurrency, or maybe just use two or three of the really good ones. We might end up just using Blockchains for everything that could reasonably deploy a bunch of widely separated nodes that can talk to each other, such as notary services. One thing I want people to do is just use Bitcoin for every possible transaction. Pay for your next pizza delivery with it. That way, it just becomes an integral part of the economy before governments can do anything about it and, if they do make it illegal, they risk losing that much economic activity.

Yeah, the people are starting bitcoin very faster, the reason is now everything and every deal is shifting to online world, and at there the features of bitcoin are attracting people to use it for transacting their money and to pay for their bills etc.

I think they are in action for it, a large number of digital industry has started work with bitcoin, more that 70% gambling sites are now on bitcoin, There are also a large number of bitcoin ATMs , which is the sign of support towards it from the governments.

I think Bitcoin have really shining future , but in the same time it's needing more support and advertising from the Bitcoin's community, because till now there is a lot of people worldwide even ignore this powerful crypto currency and how it works

No dude, it is too much we can't think this much value of bitcoin in 2016. I hope its worth will take $2k but it for will take too time about 4 -8 years later because this value level is starting now, its will be take too difficult for make that much value.

I am also quite sure that Bitcoin is here to stay. It won't go anywhere. While I also agree with you that the Bitcoin blockchain is by far far the strongest and safest blockchain on earth. Banks and governments will most likely come up with their own version of the blockchain. They want to control every aspect of their financial system. That's impossible if they choose the Bitcoin blockchain as their main system. So they will use their own blockchain.

I agree, but they have to learn security the hard way as usual...

yes i am agree with that,and thanks for sharing and spread positive thought abut bitcoin death,i believe as long we keep use and store bitcoin,and so many company or startup develop bitcoin,our beloved crypto currency will stay and never die.