Yipdard (OP)
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Merit: 10
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April 05, 2016, 08:01:28 PM |
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Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?
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"You Asked For Change, We Gave You Coins" -- casascius
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Bitcotalk
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April 05, 2016, 08:38:55 PM |
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No bitcoin will not disappear, bitcoin is now a normal currency and has made its place in the world finance.
Now no one should have to talk like that.
And if one is with all the knowledge about finance and bitcoin, he will do not ever say that bitcoin will disappear.
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West man
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Activity: 252
Merit: 250
BetcoinRakeback.com
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April 05, 2016, 08:41:53 PM |
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How could bitcoin disappear? I don't think that could happen. It can reduce in value to 0.01 cent but that doesn't mean it will vanish and not be available to be used as a currency. Nothing in the online world truly disappears. That is the number one rule of the internet.
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randy8777
Legendary
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Activity: 896
Merit: 1000
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April 05, 2016, 08:45:17 PM |
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bitcoin is here and will stay here basically for ever, assuming people will continue with mining and hosting full nodes. even if there are only 4 or 5 people in the world mining and running a full node. it's enough to keep bitcoin working.
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chaosknight
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April 05, 2016, 08:46:28 PM |
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Bitcoin will never disappear, it will survive for long time, it might loose its value in future but it will never die for sure, its still in its younger age we need to have patience.
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ctlaltdefeat
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April 05, 2016, 08:51:22 PM |
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Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?
Of course bitcoin can dissapear,everything in this world can be dissapear,nothing immortal except god. if bitcoin scam,then you will the first people who think about this for me,but its would not happen,i am sure.. of course people panic,they lost so much money and investement. |
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Newcoins2020
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April 05, 2016, 08:52:22 PM |
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I do not think the bitcoin will disappear honestly the bitcoin its just to big, from now its not possible or anytime soon.
On a long term its possible but if you think about the question which currency cannot disappear on a long term ?
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Lauda
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Merit: 2965
Terminated.
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April 05, 2016, 08:52:45 PM |
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Bitcoin can disappear?
Things don't just suddenly disappear, we live in the real world. And if bitcoin is a scam, what will happen in world?
It is not a scam. People will panic?
Only the average Joe panics over nothing. How could bitcoin disappear? I don't think that could happen. It can reduce in value to 0.01 cent but that doesn't mean it will vanish and not be available to be used as a currency.
Exactly. Bitcoin can't just disappear for no apparent reason. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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KenR
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April 05, 2016, 08:56:45 PM |
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Can money from your savings bank account disappear without your consent ? Same applies with Bitcoin.
People will lose their minds if in a hypothetical situation it happens.Its an experimental currency ,thou shall not make it as your primary way to manage your living expenses.
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shorena
Copper Member
Legendary
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Activity: 1498
Merit: 1520
No I dont escrow anymore.
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April 05, 2016, 08:59:41 PM |
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Bitcoin can disappear?
Yes, bitcoin can disappear, but its not a central service like e.g. paypal where a single company with a single CEO can decide to close shop. Bitcoin works because many people do something for it. Some have mining equipment, some contribute code in their free time, some goods or services for bitcoin, others have servers or run full nodes from home. They all together make bitcoin work. If they all (or a larger number of them) decide to no longer care for bitcoin, it will become meaningless. And if bitcoin is a scam, what will happen in world?
Everything about bitcoin how works is open and can be examined. If you take the time to learn more about bitcoin you will understand that bitcoin itself can not be a scam same as the internet itself cant. There are scammers that are after your bitcoin though, so be careful who you trust. People will panic?
I dont think so. I think if bitcoin ever disappeared its either because there is a bigger problem (e.g. no internet) or because it slowly died out. |
Im not really here, its just your imagination.
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MaritiJames3
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April 05, 2016, 09:16:57 PM |
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Of course the bitcoin can disappear although I do not think this will happen anytime soon honestly because of the growing part.
I even think the bitcoin will go to a higher amount and its growing even everyday with users, its just a matter of time, the bitcoin future is good but also unpredictable so that is the downside.
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Bestwishes745
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April 05, 2016, 09:25:50 PM |
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No bitcoin will not disappear, keep believe on bitcoin and in the future you will see, that the time of bitcoin has came and it will flourish.
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eddyubachs
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April 05, 2016, 09:35:15 PM |
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It can disappear in future if we find some new and innovative currency which could be better then bitcoin and if it does take birth then bitcoin will surely disappear.
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NordicRanger
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April 07, 2016, 02:12:13 PM |
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Bitcoin can disappear if every user decide to stop with Bitcoin, but I do not think that this will happen. Bitcoin is heading in the right direction and will become more popular in the future.
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BellaBitBit
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April 07, 2016, 02:26:34 PM |
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No. Bitcoin is the godfather/grandfather/father...whatever you want to call it....of all crypto and blockchain technologies. As these technologies become popular and used Bitcoin will be seen as the gold standard.
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I love Bitcoin
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SFR10
Legendary
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Activity: 2996
Merit: 3429
Crypto Swap Exchange
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April 07, 2016, 02:31:24 PM |
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Every existing thing disappears but it's just matter of sudden disappearance or a gradual one, in which BTCitcoin could only disappear gradually, in case ever single user involved in it's existence, decide to turn their back to something else. BTCitcoin isn't scam (not anything that is far amazing, is a scam). In case it happens, those that are in it for profit only, are the one's that will panic since the value could go down as result of gradual disappearance.
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pocarime32
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April 07, 2016, 02:34:35 PM |
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Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?
Bitcoin will disappear if the price of bitcoin down to $10-50 for each bitcoin and people will not use bitcoin again. But i think bitcoin is fine now, for the next 10 years bitcoin will not disappear. |
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Amph
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Merit: 1069
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April 07, 2016, 02:37:15 PM |
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the one that should disapear is fiat, which more of a scam than bitcoin can ever be
bitcoin technology is far superior, and the simple fact that many big banks are interested to it, make it immortal
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KennyR
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April 07, 2016, 02:42:21 PM |
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Bitcoin won't disappear as more and more adoptions were taking place regularly. Might experience great fluctuations when unwanted statements get revealed from the top authorities.
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Kprawn
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Activity: 1904
Merit: 1073
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April 07, 2016, 02:49:14 PM |
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These are the first Bitcoins --> https://blockchain.info/tx/4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b and they are still there.... Why would it disappear and where will they go? The Blockchain is decentralized and distributed all over the world, so nobody can just flip a switch to make it disappear. You should be more worried about the money in the banks... They can make your money disappear with a click of a button.  or a hacker can get into their private centralized ledger and wipe some entries. |
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