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Bitcotalk
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July 08, 2016, 06:54:03 PM |
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If miners stop mining bitcoin has got the possibility to die, but at the same time when one miner stops mining another person has been starting to mine. For this reason till electricity is there mining gets continued which keeps bitcoin in the growing path.
I think about 75% bitcoins has been mined and for the transactions confirmations the developers will devise a good means, so bitcoin will not die if miners stop mining, and for the remaining 25% bitcoins, there will be someone who will start mining to support their family. |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Xester
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July 09, 2016, 04:43:24 AM |
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The mining is becoming too expensive and none profitable. I think that will bring uᴉoɔʇᴉq to an end. Another problems is that there is only a few miners left controlled by a few making them controlling moondollars. It's no longer the currency of the people but a currency of the few rich companies that runs the show.....but for how long can the continue?
I have been looking at Rimbit instead since it is premined and therefore don't need the middleman with the expensive hardware for transaction validation. Instead the validation is done by the wallet's running on peoples computers. As I see it it's a currency for the people and it will stay that way. Sadly it's still fairly unknown.
Time will show how long moondollars survive but my guess is not more than 3 years......please challenge that statement with serious arguments.
Bitcoin will survive longer than you think. Bitcoin has caught attention of big giants in finance and in technology. Bitcoins weakness will soon be overcome and the so called supply limit will soon be no longer a threat to bitcoin. With economy and technology has placed its support in bitcoin, with the billions of dollars at stake there's no way they will just standbye and say goodbye to their investments. Bitcoin will survive and will not die. |
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uname
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July 09, 2016, 06:03:03 AM |
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If miners stop mining bitcoin has got the possibility to die, but at the same time when one miner stops mining another person has been starting to mine. For this reason till electricity is there mining gets continued which keeps bitcoin in the growing path.
I think it would not make bitcoin to die? I do not know the effect of what happens if bitcoin is not mined. I think is it actually provides a good case in bitcoin as prices will rise ? |
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Pattart
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July 09, 2016, 06:20:56 AM |
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if internet die, bitcoin will be die too.
I too think this to be the true fact. Each and every operation of bitcoin in one or the other way depends upon internet. So bitcoin won't die till internet gets vanished. Even day by day internet technologies were getting advanced which describes bitcoin never dies. Bitcoin can also die because of the users even though that there is internet. I mean if the users of bitcoin will stop using it as a currency and stop buying bitcoin and they just selling bitcoin, I think it will result for a huge drop for the price and soon it will cause for bitcoin to die. bitcoin could die within a many factors such as by users itself bitcoin could die when the user is not interested in bitcoin again, and the second is a competitor, a competitor maybe come in the next few years if bitcoin could not compete necessarily bitcoin will leave, if internet die also have impact on the bitcoin but impossible internet will die |
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skyway1
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July 09, 2016, 06:29:15 AM |
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Bitcoin will only die when there is no user using the coin or when theres no new company that will be able to adapt it.
agree with you ,you are right bitcoin will die when there is no one using bitcoin and if maximum people using bitcoin then bitcoin will never die , and now in a large number of people are using bitcoin . |
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Ardenyham
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July 09, 2016, 06:31:52 AM |
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Bitcoin wont die if many user is using it.But it can be banned in other country resulting to decreasing of users who are using bitcoins
No one can ban bitcoin. no governments or no anyone else. because they have no control to it and it is completely anonymous. governments can only block the websites. bitcoin related website. like blockchain.info. bitcoin.org, bitcointalk and major bitcoin sites just like lots of Porn and Adult sites are banned in many countries. but with this action they also can't reduce the usage bitcoin. because people will still use bitcoin sites by using VPN service. |
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CryingMidget
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July 09, 2016, 06:32:28 AM |
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Well IMO I think bitcoin is not going to die yet. I think it will survive since there will be others that will still mine bitcoin. If it stabilized with 600$ as it's new base price, I think it would be good.
Bitcoin won't die as long as people continue to use it on a daily basis. I think the only thing that could hinder Bitcoin's performance is if there emerges a new crypto coin with better features that will overtake Bitcoin. I highly doubt there will be a massive price crash that will push people away from it but anything is possible. But still a new innovative digital currency will most likely throw Bitcoin into oblivion. |
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danherbias07
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July 09, 2016, 06:41:04 AM |
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More butcoins havent been mined so it is going to take a long time before it is going die. After all have been mined it will just circulate and be more stronger. Why want something young to die.
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Hellacopter
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July 09, 2016, 07:24:28 AM |
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Currently i don't think that Bitcoin is going to die, because it's having the price rising and also the community using this currency is growing up daily as well, so we expect great future for Bitcoin.
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Sled
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July 09, 2016, 08:48:53 AM |
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Currently i don't think that Bitcoin is going to die, because it's having the price rising and also the community using this currency is growing up daily as well, so we expect great future for Bitcoin.
That's right that things is enough for bitcoin to continue growing and not to die. If you ask me, bitcoin will going to die if no one will use it and all miners will shutdown their mining hardware and if that happens for sure it's the end of bitcoin  . |
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Superbitzz
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July 09, 2016, 10:14:38 AM |
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Mining is profitable, therefore no one would mine. If some people think it's not profitable, the difficulty will drop, and some other people in some other place with a better ratio of electricity/cost will take advantage of the decreased difficulty to start a mining business... Bitcoin network will always adapt, it's a free market.
No other coin is anywhere near being competition to Bitcoin, so sit down and wait because it's not going to die anytime soon.
excellent very good. that is what i want to say. bitcoin is not going to die. it will continue and will maintain its status. i think still more and more people are joining the signature campaign and they are investing their money in bitcoin. |
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Daniel91
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July 09, 2016, 10:26:19 AM |
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Realistically, Bitcoin will never die.
Why?
Because all this Bitcoins can't just disappear and always someone will use it, regardless of the current value.
Of course, in the future somebody can create better virtual currency or value of Bitcoin can drastically fall but still people will trade with Bitcoin, only in much smaller numbers.
I don't think that such worse case scenario will ever happen.
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JeffBrad12
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July 09, 2016, 12:41:41 PM |
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Currently i don't think that Bitcoin is going to die, because it's having the price rising and also the community using this currency is growing up daily as well, so we expect great future for Bitcoin.
That's right that things is enough for bitcoin to continue growing and not to die. If you ask me, bitcoin will going to die if no one will use it and all miners will shutdown their mining hardware and if that happens for sure it's the end of bitcoin . From some reason and i can make an expectation if bitcoin will not to die on this period and maybe for next time too, but bitocin will not instantly will going to die, if no want will use it. it's will take a time for bitcoin to going die and i think that's will not happen on this period. |
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Soros Shorts
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July 09, 2016, 12:49:18 PM |
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IMO I think it will die not because of the users, but probably if the miners forfeit mining.
You realize that mining difficulty will adjust downwards if many miners stopped mining, resulting in the remaining miners starting to profit again. Even when there are no more block rewards there will always be mining as long as users keep making transactions with non-zero transaction fees. |
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hermanhs09
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July 09, 2016, 01:33:38 PM |
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IMO I think it will die not because of the users, but probably if the miners forfeit mining.
You realize that mining difficulty will adjust downwards if many miners stopped mining, resulting in the remaining miners starting to profit again. Even when there are no more block rewards there will always be mining as long as users keep making transactions with non-zero transaction fees. yeah that's why i wonder about bitcoin rising. If the mining diff will go down,and more and more people will know about btc so they would need to buy more but the amount of them will not rise so fast. Rise till the end of world? |
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Rudsild
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July 20, 2016, 06:22:58 PM |
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IMO I think it will die not because of the users, but probably if the miners forfeit mining.
You realize that mining difficulty will adjust downwards if many miners stopped mining, resulting in the remaining miners starting to profit again. Even when there are no more block rewards there will always be mining as long as users keep making transactions with non-zero transaction fees. So far, after the halving, there is no noticeable difficulty drop. It means the S9 is replacing old miners. |
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utkarshm
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July 20, 2016, 06:25:18 PM |
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I think bitcoin will not die for atleast 10-20 years but i hope it never dies and it stays forever.
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SANALIU
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July 20, 2016, 06:30:28 PM |
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why do you say this you not trust bitcoin friend
i think during the bitcoin community is great and many are in need of buying and selling bitcoin never die
must necessarily be in tunjang the miner who continue to work to mine bitcoin
because without that continue to mine miner TX in bitcoin transactions will not work is maximal
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Murtiya
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July 20, 2016, 07:16:20 PM |
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I think bitcoin will not die for atleast 10-20 years but i hope it never dies and it stays forever.
As long as the bitcoin is developed properly and does not become centralised, it might live very long. |
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Bestwishes745
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July 20, 2016, 07:38:59 PM |
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Currently i don't think that Bitcoin is going to die, because it's having the price rising and also the community using this currency is growing up daily as well, so we expect great future for Bitcoin.
That's right that things is enough for bitcoin to continue growing and not to die. If you ask me, bitcoin will going to die if no one will use it and all miners will shutdown their mining hardware and if that happens for sure it's the end of bitcoin . But that will not happen bitcoin will not die till the end of the world. as people are viewing a better profit in there and they will not want to lose that profit so they will support bitcoin and so bitcoin will find its way to success through them |
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