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Author Topic: So what is the end-game for Bitcoin?  (Read 899 times)
gabgab
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June 06, 2011, 03:21:44 PM
 #1

right now people are just focusing on the day-to-day trading and development of bitcoins, but what exactly does it want to do in the long-term?

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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SgtSpike
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June 06, 2011, 03:24:51 PM
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Become a large international currency.
mewantsbitcoins
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June 06, 2011, 03:26:58 PM
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I don't think anybody knows, but whatever Bitcoin becomes or however it ends, it will change the world. Forever
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June 06, 2011, 04:00:31 PM
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It maybe gets supplanted or develops into an even better trading system requiring no medium of exchange, based only on a trust reputation system and people adopt this alternative to bitcoin system?

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
yyduinihao0
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June 06, 2011, 04:03:56 PM
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I really think government is going to do something with it, if bitcoin market gets big enough.

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