serjent05
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Activity: 3052
Merit: 1281
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August 05, 2016, 04:27:13 PM |
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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.
As long as there are people who are willing to support bitcoin network, and are still speculating for price increas, people who still believe in decentralized system that is started by bitcoin, this currency (bitcoin) will never die. There are multi billion dollars of investment that is backing this currency, from small investors to whale investors.
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Pbitcoin
Member
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Activity: 112
Merit: 10
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August 05, 2016, 05:42:51 PM |
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BitCoin is like the internet. It can't die out, as long as there's people on the network, and still accepting it, it'll stay alive.
I think this is the most best way to compare bitcoin for not just falling over and dying. The internet was bulit on the foundations of the military and incase of a nuclear disaster happening. So if bitcoin can be compared to that I think it is safe to say it would take a lot more than just a handful of hacks to bring it down to the level of being blown out of the earthly known hemisphere.
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mishra1994
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August 05, 2016, 05:59:04 PM |
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BitCoin is like the internet. It can't die out, as long as there's people on the network, and still accepting it, it'll stay alive.
Exactly and the fact is when internet came into existence people said that internet will not survive in long run but today it has become our necessity and same will go with bitcoin too in future. So nice to hear that and i have also the same opinion bitcoin can never die.Also its relatively pretty new currency as compared to other fiats and bitcoin has a long way to go ahead in the future so i think it will only rise in the coming years,and can not think about bitcoin being dead.
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co5hike
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August 05, 2016, 06:12:53 PM |
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BitCoin is like the internet. It can't die out, as long as there's people on the network, and still accepting it, it'll stay alive.
Exactly and the fact is when internet came into existence people said that internet will not survive in long run but today it has become our necessity and same will go with bitcoin too in future. So nice to hear that and i have also the same opinion bitcoin can never die.Also its relatively pretty new currency as compared to other fiats and bitcoin has a long way to go ahead in the future so i think it will only rise in the coming years,and can not think about bitcoin being dead. Bitcoin is still in its primary stage and has not reached everywhere yet, but bitcoin is gaining popularity day by day and it will be more powerful currency in future
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KingdomHearts
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August 05, 2016, 06:16:43 PM |
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BitCoin is like the internet. It can't die out, as long as there's people on the network, and still accepting it, it'll stay alive.
Exactly and the fact is when internet came into existence people said that internet will not survive in long run but today it has become our necessity and same will go with bitcoin too in future. So nice to hear that and i have also the same opinion bitcoin can never die.Also its relatively pretty new currency as compared to other fiats and bitcoin has a long way to go ahead in the future so i think it will only rise in the coming years,and can not think about bitcoin being dead. Bitcoin is still in its primary stage and has not reached everywhere yet, but bitcoin is gaining popularity day by day and it will be more powerful currency in future yeah i agree with you bitcoin is really getting more popularity and a large number of people aware about benefits bitcoin and i am sure bitcoin will be too stronger and powerful currency in the future.
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bitdumper
Sr. Member
Offline
Activity: 266
Merit: 250
One world One currency, Bitcoin.
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August 05, 2016, 06:18:24 PM |
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the answer of your first problem will be solved when mined blocks will get into mempool or aka memorypool and then miners will get the trasaction fees from every transaction and it will became profitable again and then your next asked problem will be solved too or o should say it will help on solving the second problem
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Orion25
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August 05, 2016, 06:32:29 PM |
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the answer of your first problem will be solved when mined blocks will get into mempool or aka memorypool and then miners will get the trasaction fees from every transaction and it will became profitable again and then your next asked problem will be solved too or o should say it will help on solving the second problem
If all goes as you predict that this is not so bad. The main thing that again was not such hacking attempts, otherwise the market will panic.
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utkarshm
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August 05, 2016, 06:38:36 PM |
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BitCoin is like the internet. It can't die out, as long as there's people on the network, and still accepting it, it'll stay alive.
Exactly and the fact is when internet came into existence people said that internet will not survive in long run but today it has become our necessity and same will go with bitcoin too in future. So nice to hear that and i have also the same opinion bitcoin can never die.Also its relatively pretty new currency as compared to other fiats and bitcoin has a long way to go ahead in the future so i think it will only rise in the coming years,and can not think about bitcoin being dead. Yes i just hope that never happens because i came a bit late to bitcoin world and if infront of me bitcoin dies then i cant handle that.Bitcoin has started my online earnings and i believe in it that it will last forever.
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eddyubachs
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August 05, 2016, 06:43:29 PM |
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BitCoin is like the internet. It can't die out, as long as there's people on the network, and still accepting it, it'll stay alive.
Exactly and the fact is when internet came into existence people said that internet will not survive in long run but today it has become our necessity and same will go with bitcoin too in future. So nice to hear that and i have also the same opinion bitcoin can never die.Also its relatively pretty new currency as compared to other fiats and bitcoin has a long way to go ahead in the future so i think it will only rise in the coming years,and can not think about bitcoin being dead. Yes i just hope that never happens because i came a bit late to bitcoin world and if infront of me bitcoin dies then i cant handle that.Bitcoin has started my online earnings and i believe in it that it will last forever. bitcoin will never die it has long way to go and we should not be worried about the future of bitcoin as it seems to be pretty good and bright so I don't think it will ever die.
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Bitcoinsummoner
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August 05, 2016, 06:43:51 PM |
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BitCoin is like the internet. It can't die out, as long as there's people on the network, and still accepting it, it'll stay alive.
Exactly and the fact is when internet came into existence people said that internet will not survive in long run but today it has become our necessity and same will go with bitcoin too in future. So nice to hear that and i have also the same opinion bitcoin can never die.Also its relatively pretty new currency as compared to other fiats and bitcoin has a long way to go ahead in the future so i think it will only rise in the coming years,and can not think about bitcoin being dead. Yes i just hope that never happens because i came a bit late to bitcoin world and if infront of me bitcoin dies then i cant handle that.Bitcoin has started my online earnings and i believe in it that it will last forever. It will not happen im sure because i saw many sites right now are accepting bitcoin as payment many company there outside you can be work as publisher and earn bitcoins they are now paying in bitcoin..
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Bitcotalk
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August 05, 2016, 08:00:23 PM |
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BitCoin is like the internet. It can't die out, as long as there's people on the network, and still accepting it, it'll stay alive.
Yeah, its living is now with the living of internet , if internet is alive and is working there then it will mean that bitcoin is also there and is not died, bitcoin has a lot of good features and people do not want to reject it and want to benefit from that currency.
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setupbounds
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August 06, 2016, 08:40:51 PM |
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I don't think that Bitcoin will ever die. Why? It's the same as with any other currency in the world. American dollar will never die, also Japanese or Chinese currency etc Of course it's always possible that some other virtual currency will replace bitcoin and become more popular but still Bitcoin will not die, always some people will use it, even just for trading purpose. I'm sure that for a very long time bitcoin will remain no 1 virtual currency.
Not a single bitcoin user would think about bitcoin dying very soon. That's a pretty support answer. As long as bitcoin stays number at one position in both virtual use and in real life too, then we never need to worry about dying very soon. There is a myth like this universe will die due to collapse of Sun. That may be the end point for bitcoin too.
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Labumi
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August 06, 2016, 08:45:20 PM |
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Something in the world it will surely die. But the death of the death of human beings with different men. Human creation will surely experience a death if there is a human creation and is superior to the previous creations, so future bitcoin will be lost and replaced with the latest technology. But for a time was probably around 100 years.
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johnnyyash
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August 06, 2016, 10:07:47 PM |
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I don't think bitcoin will die at all..millions of people today have invested millions of dollars on bitcion.hoping to make large profit from it... It will last
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ASHLIUSZ
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August 07, 2016, 01:59:23 AM |
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I don't think bitcoin will die at all..millions of people today have invested millions of dollars on bitcion.hoping to make large profit from it... It will last
Investing millions of dollars gives large profits but we have to be alert, since bitcoins are not redeemable in something physical, if fiat currency goes to zero, bitcoins will go to zero. Bitcoins may in fact go to zero even if fiat currency does not go to zero, if people just decide to stop using them for some reason.
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opossum
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August 07, 2016, 02:57:51 AM |
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I don't think that bitcoin will ever die in future as its still in its early stage and it needs some time to grow and there will be many more users and companies that will start using bitcoin which will take its price to higher level.
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bitcointrader55
Jr. Member
Offline
Activity: 63
Merit: 1
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August 07, 2016, 02:58:54 AM |
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bitcoin will never die
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shinratensei_
Legendary
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Activity: 3318
Merit: 1031
Leading Crypto Sports Betting & Casino Platform
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August 07, 2016, 03:16:37 AM |
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I don't think bitcoin will die at all..millions of people today have invested millions of dollars on bitcion.hoping to make large profit from it... It will last
Investing millions of dollars gives large profits but we have to be alert, since bitcoins are not redeemable in something physical, if fiat currency goes to zero, bitcoins will go to zero. Bitcoins may in fact go to zero even if fiat currency does not go to zero, if people just decide to stop using them for some reason. Like sentences "more and more high any tree, more and more the wind will blowing". if you put a lot of money will increasing too the risky about your money. but that's right bitcoin can goes to zero without need the fiat is also going into zero.
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goinmerry
Legendary
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Activity: 2940
Merit: 1083
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August 07, 2016, 03:50:59 AM |
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bitcoin will never die
It might. It will. But I dont think we are still alive when that happens. Maybe we will die first before bitcoin comes to an end. So better make money out of it while we are still here.
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bitgolden
Legendary
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Activity: 3024
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
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August 07, 2016, 07:19:36 PM |
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bitcoin will never die
It might. It will. But I dont think we are still alive when that happens. Maybe we will die first before bitcoin comes to an end. So better make money out of it while we are still here. Bitcoin may live forever, it might be immortal or one day it will meet its end but one thing for sure it’s going to take a long long time before that ever happens. Therefore, keeping faith in bitcoin and earning as much as we can from it is a clever way.
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