Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: alyssa85 on March 04, 2018, 01:15:54 PM



Title: How Bitcoin Ends
Post by: alyssa85 on March 04, 2018, 01:15:54 PM
Quote
Is the cryptocurrency just going to end up reenforcing the financial system it was supposed to disrupt?

Bitcoin was a clever idea. Idealistic, even. But it isn’t working out quite as its developers imagined. In fact, once all the coin has been mined, bitcoin will simply reinforce the very banking system it was invented to disrupt.

Watching the bitcoin phenomenon is a bit like watching the three-decade decline of the internet from a playspace for the counterculture to one for venture capitalists. We thought the net would break the monopoly of top-down, corporate media. But as business interests took over it has become primarily a delivery system for streaming television to consumers, and consumer data to advertisers. Likewise, bitcoin was intended to break the monopoly of the banking system over central currency and credit. But, in the end, it will turn into just another platform for the big banks to do the same old extraction they always have. Here’s how.

Read more:  https://www.fastcompany.com/40537404/how-bitcoin-ends


Title: Re: How Bitcoin Ends
Post by: stefanionut99 on March 04, 2018, 02:23:43 PM
I don't think Bitcoin will end at all, these articles are just personal ideal about bitcoin and i think it's not that worth for us to consider.


Title: Re: How Bitcoin Ends
Post by: Denker on March 04, 2018, 02:29:45 PM
Oh Bitcoin is going to die again?  :D
That's bullish!
Add it to the stupid articles on 99bitcoins.com
Man why you link to such dumb articles?
This article reads the same like one of those 90s one, where it was written so often how the internet is going down.
The more often I read that the more Bitcoin I wanna buy! More of it please!


Title: Re: How Bitcoin Ends
Post by: donpepot on March 04, 2018, 02:32:02 PM
Oh Bitcoin is going to die again?  :D
That's bullish!
Add it to the stupid articles on 99bitcoins.com
Man why you link to such dumb articles?
This article reads the same like one of those 90s one, where it was written so often how the internet is going down.
The more often I read that the more Bitcoin I wanna buy! More of it please!

Boycoin ends by Watching the bitcoin phenomenon is a bit like watching the three-decade decline of the internet from a playspace for the counterculture to one for venture capitalists. We thought the net would break the monopoly of top-down, corporate media. But as business interests took over it has become primarily a delivery system for streaming television to consumers, and consumer data to advertisers. Likewise, bitcoin was intended to break the monopoly of the banking system over central currency and credit. But, in the end, it will turn into just another platform for the big banks to do the same old extraction they always have.


Title: Re: How Bitcoin Ends
Post by: Shreek on March 04, 2018, 02:41:14 PM
yes, in a long time bitcoin will soon strengthen its financial system, bitcoin requires careful preparation, so bitcoin will be a currency system that will last for a long time.

the task of bitcoin not only rivals the monopoly economy, and destroys it, but also create a crypto platform that can spoil consumers, so that consumers are attracted to bitcoin and the crypto world.


Title: Re: How Bitcoin Ends
Post by: Polipog on March 04, 2018, 02:48:32 PM
If bitcoin will end, it is only beyond the creator decision, but as what I have been seen about the total operation today and their status, on how the management  provide a good and smooth flow of operation, I can conclude that bitcoin will still live in a very long life journey of operation, and without ending of total growth of income between consumers and the creator. Because not only creator of bitcoin gained but also the consumers gained, it is likewise equally having a profit between consumers and creator.


Title: Re: How Bitcoin Ends
Post by: e19293001 on March 04, 2018, 02:50:52 PM
When you heard bitcoin is going to end, just think that they'll just take advantage of buying it for cheap price. Bitcoin has gone through a lot of tough times and it survived. The math is real and cryptography is real, man. And so is cryptocurrency. The author from the OP's link says, bitcoin is worthless and more than worthless, he's saying that is stupid as fuck. He doesn't have a proof. look at the market price now. It has been proven a lot of times. That article wont survive and bitcoin will still survive.


Title: Re: How Bitcoin Ends
Post by: Ctn on March 04, 2018, 02:51:28 PM
I don't believe it even if it was from CNBC or coin telegraph etc. The bitcoins fate is not so bad as they depict in the article. I mean come on why would banks even care about it in the future if they are not doing currently after so much struggles and developments from the bitcoin devs. Bitcoin will not end because its programers have made it with great thoughts and with great accuracy. It will evolve according to time and it will still be decentralised and will be working with the same principles as it was made in past. One more thing about it is, bitcoin might just work alongside the banks but will never be implemented into it for many ex reasons.


Title: Re: How Bitcoin Ends
Post by: Hexah on March 04, 2018, 02:58:05 PM
Through the years since bitcoin was made and gains attraction to investors, traders and even miners FUD's was all over the place to trample bitcoin because they know how it will change the currency system.

Until now there are amass of it spreading the word but bitcoin still survives. Haters gonna hate! :-\


Title: Re: How Bitcoin Ends
Post by: zwiggel on March 04, 2018, 03:03:11 PM
It's hard for me to finish bitcoin. That can not happen. When bitcoin is out of date it ends itself. I think bitcoin will last more than 20 years.


Title: Re: How Bitcoin Ends
Post by: palle11 on March 04, 2018, 03:11:00 PM
When you heard bitcoin is going to end, just think that they'll just take advantage of buying it for cheap price. Bitcoin has gone through a lot of tough times and it survived. The math is real and cryptography is real, man. And so is cryptocurrency. It's been proved a lot of times.

Yeah like it is a strategy to cause another drop so that the whales will keep increasing there quantity and profit making in bitcoin. It has been the way of giving negative news to have some drop.


Title: Re: How Bitcoin Ends
Post by: nicpaig on March 04, 2018, 03:21:16 PM
I don't think Bitcoin will end at all, these articles are just personal ideal about bitcoin and i think it's not that worth for us to consider.
Yeah youre right bitcoin will never been ending as long as we have a full support for this kind of cryptocurrency.I dont believe for this but the fact is bitcoin is the only way to coplte the emptiness of my heart.


Title: Re: How Bitcoin Ends
Post by: armarsterling7 on March 04, 2018, 03:32:36 PM
I do not think bitcoin will end. Although at the present time the cost of bitcoin increases and falls erratically. But I think you should not be too scared. Because the price increases and decreases only little difference. The current price of bitcoin has always attracted many investors. In the future, the cost of bitcoin will increase many times over the current. So bitcoin will never end.


Title: Re: How Bitcoin Ends
Post by: bozo333 on March 04, 2018, 03:39:23 PM
Quote
Is the cryptocurrency just going to end up reenforcing the financial system it was supposed to disrupt?

Bitcoin was a clever idea. Idealistic, even. But it isn’t working out quite as its developers imagined. In fact, once all the coin has been mined, bitcoin will simply reinforce the very banking system it was invented to disrupt.

Watching the bitcoin phenomenon is a bit like watching the three-decade decline of the internet from a playspace for the counterculture to one for venture capitalists. We thought the net would break the monopoly of top-down, corporate media. But as business interests took over it has become primarily a delivery system for streaming television to consumers, and consumer data to advertisers. Likewise, bitcoin was intended to break the monopoly of the banking system over central currency and credit. But, in the end, it will turn into just another platform for the big banks to do the same old extraction they always have. Here’s how.

Read more:  https://www.fastcompany.com/40537404/how-bitcoin-ends
This article is not satisfying me. I know when Bitcoin is dying.
When internet is completely stopped in all over the world that time only Bitcoin and all other cryptocurrencies are dying. Otherwise no way to end in Bitcoin.


Title: Re: How Bitcoin Ends
Post by: safarabela on March 04, 2018, 03:40:51 PM
Quote
Is the cryptocurrency just going to end up reenforcing the financial system it was supposed to disrupt?

Bitcoin was a clever idea. Idealistic, even. But it isn’t working out quite as its developers imagined. In fact, once all the coin has been mined, bitcoin will simply reinforce the very banking system it was invented to disrupt.

Watching the bitcoin phenomenon is a bit like watching the three-decade decline of the internet from a playspace for the counterculture to one for venture capitalists. We thought the net would break the monopoly of top-down, corporate media. But as business interests took over it has become primarily a delivery system for streaming television to consumers, and consumer data to advertisers. Likewise, bitcoin was intended to break the monopoly of the banking system over central currency and credit. But, in the end, it will turn into just another platform for the big banks to do the same old extraction they always have. Here’s how.

Read more:  https://www.fastcompany.com/40537404/how-bitcoin-ends

I see that as negative news is not necessarily true, I think bitcoin will stay alive and bitcoin future will be much more popular from now on.


Title: Re: How Bitcoin Ends
Post by: Nowherman on March 04, 2018, 05:23:01 PM
I think bitcoin will be adopted by various countries as an international digital currency very soon.


Title: Re: How Bitcoin Ends
Post by: JTEN18 on March 04, 2018, 05:25:37 PM
If you still think that bitcoin will end, then you are just making a pollution here, and you are not right to become here because you will just lost your money here, it is hard to join with something that you are not believing so better exposed ourselves a little more before investing our money.


Title: Re: How Bitcoin Ends
Post by: FullMooon on March 04, 2018, 05:31:41 PM
I dont think the bitcoin will ends. Because as of now, bitcoin is unstoppable, many people continiung invest in bitcoin. And the developer in bitcoin are going to have upgrade the systems of bitcoin to pretty much high security.


Title: Re: How Bitcoin Ends
Post by: Hui8 on March 04, 2018, 05:32:49 PM
That's far from happening because bitcoin was developed just yesterday only and still it's popular as heaven and new people are popping in everyday. Each day new person pops in is new proof for the bitcoin reality. The existence of bitcoin is all because of us and nothing else. If we keep using it then we don't loose it that's for sure. Plus day by day the use of bitcoin will keep rising and thus we will see it is being accepted by the government and much more. This kind of events will happen surely man and it won't let go the bitcoin.


Title: Re: How Bitcoin Ends
Post by: pawanjain on March 04, 2018, 05:39:22 PM
I don't think that Bitcoin will end up like the other financial banking platforms. Chances are there that when all the bitcoins are mined its value may go down but it might even rise up more than ever. It could even happen that Bitcoin's scarcity make it's price jump up more higher than it was thought to be. In this case the banking system will be disrupted if many people start using it by then.  So these articles are just a bunch of another crap posted by another pessimistic BTC fan.


Title: Re: How Bitcoin Ends
Post by: solarion on March 04, 2018, 05:49:47 PM
Quote
Is the cryptocurrency just going to end up reenforcing the financial system it was supposed to disrupt?

Bitcoin was a clever idea. Idealistic, even. But it isn’t working out quite as its developers imagined. In fact, once all the coin has been mined, bitcoin will simply reinforce the very banking system it was invented to disrupt.

Watching the bitcoin phenomenon is a bit like watching the three-decade decline of the internet from a playspace for the counterculture to one for venture capitalists. We thought the net would break the monopoly of top-down, corporate media. But as business interests took over it has become primarily a delivery system for streaming television to consumers, and consumer data to advertisers. Likewise, bitcoin was intended to break the monopoly of the banking system over central currency and credit. But, in the end, it will turn into just another platform for the big banks to do the same old extraction they always have. Here’s how.

Read more:  https://www.fastcompany.com/40537404/how-bitcoin-ends

Alyssa I do not think this is your article then why you promoting that to here. You will find the blockchain wallet would be comes with the charge for creating the wallet.
This is how future wallet will be used as I know.
I definitely believe that bitcoin will not be banned or ends in the market.


Title: Re: How Bitcoin Ends
Post by: jackky on March 04, 2018, 05:53:52 PM
I don't think Bitcoin will end at all, these articles are just personal ideal about bitcoin and i think it's not that worth for us to consider.
I do not think that Bitcoin will end, but in many countries that do not have a well-developed economy, Bitcoin has started to take part in it. Besides, people have more choices when they invest. Choose Bitcoin to get the most profit. Bitcoin is banned in many countries, but in practice, Bitcoin is still growing in many countries.


Title: Re: How Bitcoin Ends
Post by: 1NV3ST0NM3 on March 04, 2018, 06:01:59 PM
I think bitcoin will end. End is inevitable whether due to technology obsolescence or any other reason. Fiat too didn't began to end one day. But yes the ways written in article are really too old to be true. I mean its in itself quite unimaginable that bitcoin can end due to such foolish ways. you can stop trading of bitcoin in the white market but imagining it absolutely obsolete in the black market too is impossible. It is the biggest fuel of dark web how can you stop it?


Title: Re: How Bitcoin Ends
Post by: Jaya1995 on March 04, 2018, 06:03:12 PM
Bitcoin will not be endless ... And will continue to rise and grow ... So it will not be easy to break the movement of cripto currency


Title: Re: How Bitcoin Ends
Post by: Jarndice on March 04, 2018, 06:04:19 PM
I think this is a good point.   A few thoughts:

(1) It is unrealistic to expect a more egalitarian economy to evolve overnight.  In my opinion, no one reading this forum today will still be alive by the time that cryptocurrency has transformed the global system to improve the distribution of global resources.  It will take a long time, but it is a battle worth fighting for the next generation.

(2) The banks and the gold industry have hardly begun to put up a fight against crypto, and the only reason that is the case is because they will look to profit from it.  If the major banks wanted to kill it, they would have done so through lobbyists and legislation already.  I'd  be more concerned about the gold industry.

If you own Bitcoin, you need to be aware that the fight may only just be beginning.  Just imagine the havok any significant financial consortium could wreak upon the price of Bitcoin by accumulating and then selling BTC in bombs across all the exchanges?  Causing price-instability through market manipulation would be very easy to do given the low market cap of BTC relative to the assets at the disposal of the banks.  Let's be frank: we have to hope for buy-in from the banks for now, and it seems that is happening to some degree.  (I'm using "banks" a little generically here to refer to any and all well capitalized institutions that decide to take a stance against cryptocurrencies.)

(3) If Bitcoin doesn't solve the energy demand of mining through either technological breakthroughs in hardware or some other creative measure, I really don't see how it can survive in the medium-run (10+ years?).  But that may not matter: other coins will.  As for the talk about the energy use, I don't see anyone complaining about the horrendous cost of mining more gold than we'll ever need for industrial applications, or the energy used by people sitting around watching Jerry Springer during the afternoon.  Bitcoin gets a bad wrap in this regard; but still, it sure seems like the achilles heel of BTC.

The best thing you can do if you are a US Citizen is to encourage your state reps to get on board the crypto train.   Look at Arizona, look at Wyoming, etc.   Make sure they hear you!



Title: Re: How Bitcoin Ends
Post by: Kprawn on March 04, 2018, 06:07:06 PM
Institutional capital is definitely going to have an impact on Bitcoin. Most of the early investors had big dreams for this

technology and a lot of them came from the Cypherpunk group, advocating the use of privacy-enhancing technologies to

bring about social and political change. Those groups have been replaced by profit driven Capitalists.  :P


Title: Re: How Bitcoin Ends
Post by: senin on March 04, 2018, 06:13:11 PM
Most likely bitcoin will reach some top price point and after some bad news, panic will begin and it will quickly depreciate. Such bubbles with high cost can not last long. I see a perspective in altcoyins, more even in tokens, which are created to perform specific tasks and, on the whole, make our life comfortable.


Title: Re: How Bitcoin Ends
Post by: multikript888 on March 09, 2018, 06:27:29 AM
Now there are no contracts for crypto currency because Russia has not yet introduced a legal regulation for crypto-currency. And in fact, I think this will not happen.


Title: Re: How Bitcoin Ends
Post by: Budugbass on March 09, 2018, 06:53:42 AM
Let people have to argue.. due of skewed opinion will test the resilience of a crypto based on trust and decentralization.
Clearly i think Bitcoin is still at the beginning of development, early recognizable, still early in the spotlight.
I'm sure though bitcoin like a new thing that's created without being predictable exactly, day by day.. as long as there is still internet connection, this will be increasingly widespread to the whole world and still many people are interested.
It seems difficult to predict when bitcoin will end, because of course this life will lead to a more modern direction and i'm sure bitcoin will still be supported.


Title: Re: How Bitcoin Ends
Post by: mersal on March 09, 2018, 07:03:07 AM
Now there are no contracts for crypto currency because Russia has not yet introduced a legal regulation for crypto-currency. And in fact, I think this will not happen.

My opinion is bitcoin will nor ends so quickly the mining of the last bitcoin is too though and its value in future is too high and so bitcoin will not end for many years so the investors had a good future.


Title: Re: How Bitcoin Ends
Post by: jona on March 09, 2018, 07:23:58 AM
If it was going to be possible in that form it would have been possible before now,government and the banks would have fine there way to it.


Title: Re: How Bitcoin Ends
Post by: pekavcilar01 on March 09, 2018, 07:30:31 AM
Bitcoin never ends. I hope they do not finish.
The current market is unbelievably bad. I hurt myself very much. I hope things will be nice.
I could not make money by buying and selling.


Title: Re: How Bitcoin Ends
Post by: kristensoto on March 09, 2018, 07:38:18 AM
Quote
Is the cryptocurrency just going to end up reenforcing the financial system it was supposed to disrupt?

Bitcoin was a clever idea. Idealistic, even. But it isn’t working out quite as its developers imagined. In fact, once all the coin has been mined, bitcoin will simply reinforce the very banking system it was invented to disrupt.

Watching the bitcoin phenomenon is a bit like watching the three-decade decline of the internet from a playspace for the counterculture to one for venture capitalists. We thought the net would break the monopoly of top-down, corporate media. But as business interests took over it has become primarily a delivery system for streaming television to consumers, and consumer data to advertisers. Likewise, bitcoin was intended to break the monopoly of the banking system over central currency and credit. But, in the end, it will turn into just another platform for the big banks to do the same old extraction they always have. Here’s how.

Read more:  https://www.fastcompany.com/40537404/how-bitcoin-ends
bitcoin is an advanced system using blockchain technology, despite the fact that due to the advantages that slow and delay, bitcoin can not be used in real life properly, saying bitcoin will end is true but not rightnow, because bitcoin is still being used as a trading currency, as long as more and more investors keep investing into bitcoin, the price of bitcoin will keep rising more and more making it harder to die in the future.


Title: Re: How Bitcoin Ends
Post by: colenax on March 09, 2018, 07:44:31 AM
Quote
Is the cryptocurrency just going to end up reenforcing the financial system it was supposed to disrupt?

Bitcoin was a clever idea. Idealistic, even. But it isn’t working out quite as its developers imagined. In fact, once all the coin has been mined, bitcoin will simply reinforce the very banking system it was invented to disrupt.

Watching the bitcoin phenomenon is a bit like watching the three-decade decline of the internet from a playspace for the counterculture to one for venture capitalists. We thought the net would break the monopoly of top-down, corporate media. But as business interests took over it has become primarily a delivery system for streaming television to consumers, and consumer data to advertisers. Likewise, bitcoin was intended to break the monopoly of the banking system over central currency and credit. But, in the end, it will turn into just another platform for the big banks to do the same old extraction they always have. Here’s how.

Read more:  https://www.fastcompany.com/40537404/how-bitcoin-ends


I do not understand the article. but I think, and my logic says, this article leads the reader to become increasingly afraid of bitcoin. yes, I think this is a misdirection


Title: Re: How Bitcoin Ends
Post by: Hudadahuda2018 on March 09, 2018, 07:47:32 AM
I don't think Bitcoin will end at all, these articles are just personal ideal about bitcoin and i think it's not that worth for us to consider.
It's hard for me to say bitcoin will end because as far as I know bitcoin every year more and more people are using bitcoin so the future of bitcoin is so bright that it is unlikely that bitcoin will end.


Title: Re: How Bitcoin Ends
Post by: itsmesanti on March 09, 2018, 07:52:08 AM
Is it possible that bitcoin will become zero value ? ???


Title: Re: How Bitcoin Ends
Post by: krishnapramod on March 09, 2018, 09:49:05 AM
Oh Bitcoin is going to die again?  :D
That's bullish!
Add it to the stupid articles on 99bitcoins.com
Man why you link to such dumb articles?
This article reads the same like one of those 90s one, where it was written so often how the internet is going down.
The more often I read that the more Bitcoin I wanna buy! More of it please!


There have been around 263 Bitcoin has died dumb articles, but IMO this article at least have a bit of logic and hypothetical criticism about what once all the coins have been mined, the cost of mining, and Bitcoin re-creating the market mechanisms of gold thus encouraging hoarding, speculation, discouraging transactions and in the end not being able to break the monopoly of the banking system over central currency and credit.

2140…Too far to answer. Energy consumption is a solid obstacle in the path of Bitcoin/cryptos. World renewable energy production increased by record levels in 2016. With all the mining going on, the GPU market is expanding and in somewhat that sense it wouldn't be wrong to expect that the renewable sector/solar industries would grow enough to meet the energy demands of Bitcoin/crypto mining. Too early to answer.