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cbreum (OP)
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Passionate software developer and crypto guy.


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March 26, 2016, 10:38:53 AM
Last edit: December 26, 2017, 05:39:56 AM by cbreum
 #1

Gone

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BitcoinSupremo
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March 26, 2016, 10:45:30 AM
 #2

Why bitcoin isn't going to die? Because many persons have invested millions and the darkweb is more vivid than ever nowadays with dark markets popping out almost everyday, number of BTC transactions there is increasing everyday, so no Bitcoin isn't going to die in at least 10-20 years but for me it will never die.
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March 26, 2016, 10:46:00 AM
 #3

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.
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March 26, 2016, 11:00:59 AM
 #4

end of mining don't mean bitcoin will die . it will ends when bitcoin reaches 21 million bitcoins . but that will take long time .
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March 26, 2016, 11:16:09 AM
 #5

The mining is becoming too expensive and none profitable. I think that will bring Bitcoin to an end. Another problems is that there is only a few miners left controlled by a few making them controlling Bitcoins. 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?


Bitcoin won't come to an end, but mining is becoming more expensive and centralised. I believe that the 2Mb blocksize control bid is an attempt to squeeze out smaller miners. Centralisation will cause fees to increase, but as fees increase, it will start to become viable for smaller miners to reappear imho.

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March 26, 2016, 11:20:32 AM
 #6

Time will show how long Bitcoins survive but my guess is not more than 3 years......please challenge that statement with serious arguments.
3 years is very short. If your statement holds true it will be at least 6 years. It took Bitcoin several years to get to the rise. An alt coin would have to experience the same rise with the same amount of time.

I doubt bitcoin will die this decade.

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March 26, 2016, 11:29:24 AM
 #7

end of mining don't mean bitcoin will die . it will ends when bitcoin reaches 21 million bitcoins . but that will take long time .
It doesn't end there. The generation of supply ends when we reach the 'final block' that distributes additional Bitcoin. The fees are supposed to pay for block generation by then. However, people need not worry about this as it is most likely not going to happen within their lifetime.

Time will show how long Bitcoins survive but my guess is not more than 3 years......please challenge that statement with serious arguments.
You've made no serious arguments as to why it will not survive. If you think that an altcoin is going to replace it, think twice.

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March 26, 2016, 11:36:23 AM
 #8

mining if profitable for giant farm, only because it's not profitable for you it does not mean that it's not profitable for them also

they have still a good margin as it is right now, and hopefully there will be an increase in demand with the halving(not because of the halving itself)
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March 26, 2016, 12:19:08 PM
 #9

Well according to this list, bitcoin has died 99 times
https://99bitcoins.com/bitcoinobituaries/
Bitcoin has more lives than cats did Grin
I wonder how many live it still has Roll Eyes
But i don't think it will die soon as the demand for bitcoin is still here and increasing by day Smiley
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March 26, 2016, 12:25:20 PM
 #10

I think the Bitcoin will never die until whenever, even getting famous future Bitcoin and become a competitor of weight of real currency and into heavy competition from all banks around the world. Because of the bitcoin provide better service from a bank and costs given are also so small. I think there will disappear when the bitcoin currency better than Bitcoin and safer from bitcoin.
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March 26, 2016, 12:29:03 PM
 #11

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.
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March 26, 2016, 12:33:03 PM
 #12

I think the amount of the miners will not decrease to 0, because when there is a few left it means mining will become more profitable which brings more new miners.

faucet used to be profitable
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March 26, 2016, 12:33:55 PM
 #13

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.
absolutely right. Indeed there is every thing in the world if no one use will inevitably die and not useful anymore. Same as Bitcoin, Bitcoin will die if everyone in the world is not using it so the value of bitcoin dwindled and eventually die.
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March 26, 2016, 12:38:44 PM
 #14

Bitcoin will never die  they will last forever even if they become less worth. As long as people are willing to pay for Bitcoins.
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March 26, 2016, 12:40:46 PM
 #15

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.

is Rimbit  planning on being the next Ethereum and replace bitcoin?

and oh premine? that is a red flag right there for me.

--looking for signature--
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March 26, 2016, 12:49:36 PM
 #16

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.
absolutely right. Indeed there is every thing in the world if no one use will inevitably die and not useful anymore. Same as Bitcoin, Bitcoin will die if everyone in the world is not using it so the value of bitcoin dwindled and eventually die.
I do agree with the people who think of long life of Bit coins since it has been turning into very famous digital currency day by day and more fame means more business and improvement for bit coins. So it is surely without any strong reason to say that bit coin might not survive in more than 3 years. I am sure future is of bit coin and it will be bringing more profit for every one than any other competitor.
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March 26, 2016, 12:59:54 PM
 #17

Never Never Never.. Bitcoin will never End or Die.
Those who think bitcoin will end  lives in a fool paradise. Bitcoin is the future of the Currency. Smiley









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March 26, 2016, 01:20:24 PM
 #18

Bitcoin will wont die anymore.. bitcoin is a real new money in this generation.. and there's no reason that bitcoin will die..
And this is our life and bitcoin is immortal.

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Navesh Sapad
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March 26, 2016, 01:22:37 PM
 #19

Nope , Bitcoins wont die . Due to the increased popularity and investment , People wont let bitcoins die . Although mining is getting tougher , Its not the only thing . Gambling has become so easy because of bitcoins . ITs fun too .

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March 26, 2016, 01:51:07 PM
 #20

Actually no one knows when is the bitcoins going to die, maybe tomorrow, maybe next year, or maybe next 10 years. But i think for the next 10 years bitcoin will still exist.
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