jak3
Legendary
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Activity: 1274
Merit: 1004
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August 24, 2016, 05:15:17 PM |
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its true that mining is now because too much expensive and way less profitable and big companys can only afford it but as we know after all the blocks mined they will go into mempool and then everyminer will get profit based on the transaction fees so then we can say again mining will be profitable
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rekinthis
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August 24, 2016, 09:36:19 PM |
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I wonder why OP wants bitcoin to die in the first instance - so his favorite altcoin can take over?
it might be like that though it also depends on what altcoin he wants to take over because in my opinion it might be really impossible if it is small one
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calkob
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August 24, 2016, 09:37:46 PM |
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Bitcoin will die!!! but it will be long after you do......
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JeffBrad12
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August 25, 2016, 12:00:18 AM |
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When something comes to life in this world most importantly if it's something innovative like bitcoin or better say block chain technology, would be hard to just forget about it. And think bitcoin will never die.
I actually could not agree when you say that bitcoin will never die. Well, bitcoin will always be used, and in fact will always evolve in the future, even if it continues to be used, maybe it will be the currency of the real world You're just making any explanation for what are you believe about bitcoin, you can using some of your effort to think again about that, there is no a things in this world is having an eternal life.
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madwica
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August 25, 2016, 02:05:19 AM |
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No one knows when the bitcoin going to die that is why we need to enjoy what is bitcoin now and what we have now in bitcoin, and i think they will upgrade bitcoin in the future or bitcoin will die but there is upgraded bitcoin or only name will die but the value is always there like fiat.
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groll
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August 25, 2016, 02:12:02 AM |
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For me there is no specific time or date when bitcoin will die or up to when it will exist. The thing that woukd matter and predict its existence is when people stop using bitcoins. If we stop using it and all sell their coins and no one would buy then that would be the time it would be dead.
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quintiilieo
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August 25, 2016, 03:02:20 AM |
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Who dont know when it gonna die or exist we know that halving will increase the price of the bitcoin but until now we dont know what did happen price is almost the same and nothings change Hoping that the bitcoin that has been save will increase the value
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GregH37
Legendary
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Activity: 1302
Merit: 1037
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August 25, 2016, 03:53:34 AM |
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If people use bitcoin for purchases, or to transfer funds, then miners are still going to be needed to confirm transactions. Hopefully the fees will be enough to keep the system afloat.
True, miners will never let bitcoin to get die till they are in profit. when miner find that it is now very difficult to mine bitcoin and earn it and when miners leave bitcoin. then bitcoin may die. but it is just a thought. I don't think bitcoin can ever get die. bitcoin have a lot of big adopters, exchangers and investors. which making bitcoin more strong day by day.
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sobsitesearch
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August 25, 2016, 05:19:48 AM |
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No one knows when the bitcoin going to die that is why we need to enjoy what is bitcoin now and what we have now in bitcoin, and i think they will upgrade bitcoin in the future or bitcoin will die but there is upgraded bitcoin or only name will die but the value is always there like fiat.
That is correct until bitcoin is alive we need to maximize the uses of bitcoin, if we earn, earn a lot if we can spend, spend a lot, enjoy the services of bitcoin until it is available.
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goinmerry
Legendary
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Activity: 2940
Merit: 1083
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August 25, 2016, 05:40:38 AM |
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No one knows when the bitcoin going to die that is why we need to enjoy what is bitcoin now and what we have now in bitcoin, and i think they will upgrade bitcoin in the future or bitcoin will die but there is upgraded bitcoin or only name will die but the value is always there like fiat.
That is correct until bitcoin is alive we need to maximize the uses of bitcoin, if we earn, earn a lot if we can spend, spend a lot, enjoy the services of bitcoin until it is available. Good motto. That would help the circulation of bitcoin. Even just by little spending when many of us do it then it will be like a high price. It might be the key to making it ruse again.
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Mastsetad
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August 25, 2016, 05:52:12 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.
Mining is never expensive and non-profitable unless you are living in a place where electricity is too expensive because there are people still mining bitcoins in places where they earn profits after paying electric bills with the bitcoins mined, so that is really not the case right now, and even if a lot of people stop mining that wont bring bitcoin to an end because the existing bitcoins are always in circulation so that trend will continue i guess.
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bamboylee
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August 25, 2016, 07:02:55 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.
Mining is never expensive and non-profitable unless you are living in a place where electricity is too expensive because there are people still mining bitcoins in places where they earn profits after paying electric bills with the bitcoins mined, so that is really not the case right now, and even if a lot of people stop mining that wont bring bitcoin to an end because the existing bitcoins are always in circulation so that trend will continue i guess. Actually, if there are no more miners, then bitcoin will come to an end because transactions will not be confirmed or processed anymore. Miners are the one processing that confirmation. And even if mining is controlled by a few giant miners, I do not think it would end bitcoin either. After a few more halving, the reward would be lesser. And bitcoin will be spread out to many users.
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Hide_ip112
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August 25, 2016, 07:10:14 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.
Mining is never expensive and non-profitable unless you are living in a place where electricity is too expensive because there are people still mining bitcoins in places where they earn profits after paying electric bills with the bitcoins mined, so that is really not the case right now, and even if a lot of people stop mining that wont bring bitcoin to an end because the existing bitcoins are always in circulation so that trend will continue i guess. Actually, if there are no more miners, then bitcoin will come to an end because transactions will not be confirmed or processed anymore. Miners are the one processing that confirmation. And even if mining is controlled by a few giant miners, I do not think it would end bitcoin either. After a few more halving, the reward would be lesser. And bitcoin will be spread out to many users. I think it will not happen, because the mining will always confirm all transactions that are there and I am sure that all mines will not stop. because they still would still benefit from the transaction, i.e. from a FEE charged
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Watson5842
Newbie
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Activity: 11
Merit: 0
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August 25, 2016, 07:20:59 AM |
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I think that btc does not die soon. It's possible that the price will drop or an alternate digital currency will overtake it. But it will struggle for existence.
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jonahmarieaton101
Member
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Activity: 112
Merit: 10
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August 25, 2016, 07:21:52 AM |
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I dont know when it would be but for sure bitcoin will going to die because we all know all things on earth will disappear. And also bitcoin will going to die if the value will going down or dropped into $1 and people will not use bitcoin anymore if it will happen.
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boybugs18
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August 25, 2016, 07:26:28 AM |
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it will die if some coin will surpass the bitcoin usage and its fame and the support will gone and the investor will shift to another coin.
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Wowcoin
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August 25, 2016, 07:32:30 AM |
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Maybe bitcoin die if people stop mine bitcoin and all traders stop buying ang selling bitcoin. Thats the time maybe die or gone. But if still miners and traders bitcoin will never die or stop it. Maybe it can be down but die its hard.
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Viivekvk
Newbie
Offline
Activity: 12
Merit: 0
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August 25, 2016, 07:38:27 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.
it will never die because it currency and cureency its buy travelling one to another so it willl never die
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tech_solutions
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August 25, 2016, 07:46:30 AM |
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Bitcoin will never die until Internet dies, as now it has become the main stream of online payment. and more and more it is getting used for so many online stores, so in coming days it will only boom.
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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August 25, 2016, 07:51:55 AM |
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Bitcoin will never die until Internet dies, as now it has become the main stream of online payment. and more and more it is getting used for so many online stores, so in coming days it will only boom.
Nope, Bitcoin isn't, by far not. Not sure how you come up with this. At this point a big part of the people in Bitcoin are still reluctant to actually start spending their coins. As long as that doesn't change, there is no major role for Bitcoin when it comes to doing payments.
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