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Author Topic: some say bitcoin only until 2030?  (Read 4031 times)
d5000
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June 03, 2016, 07:31:28 PM
 #41

There can't be a single cryptocurrency that has the "best design". It comes down to both the purpose and design. Yes, Bitcoin can be improved and is constantly being improved (e.g. Segwit).
[...]
Bitcoin could potentially switch to PoS, but PoS is not the answer. PoS is not as good as PoW.

I agree with the first part. I like the actual competition between various cryptocurrency models, so there can be experimented with security and reward mechanisms. And yes, Bitcoin is moving forward (These "altcoiners" that think that Bitcoin is "outdated" have no clue).

But the energy problem potentially is a severe flaw. I've read an analysis that with a really widely-used Bitcoin the energy requirements should be as high as that of Finland. That's a lot (although I doubt the current banking/financial system consumes less).

The problem with switching to PoS is that there would be much resistance, as it would touch a key part of the protocol. So I don't expect it to be a move without losses. A switch to PoS would be much more controversial than the XT/Classic/Core discussion we had recently.

I think for now it's too early to say that PoS is "weaker" than PoW. I know the theory behind this statement (Nothing-at-Stake, "closed" system ...) but also the criticism of this theory (Vitalik Buterin's Weak Subjectivity statements). And no successful attack on a larger PoS coin has been carried out until to date. That may be related to the small market cap of actual PoS currencies. So I'm curious what will happen if Ethereum switches to PoS.

And there may be other systems we don't know for now and that are better than PoS.

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June 04, 2016, 12:28:56 AM
 #42

some say bitcoin only until 2030?

Do you believe bitcoin only until 2030 and will be lost in 2030?

No i think that it is dumb because bitcoin will be alive for more than till 2030 as bitcoins are more and more popular each year

So when bitcoin are very popular, people buys lots of bitcoins so this means that bitcoin will be alive, i hope it will be alive till 2050 atleast


2050? It was a long while, I hope so bitcoin survive up whenever
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June 04, 2016, 09:30:31 AM
 #43

i also think bitcoin will get a stabil prize and will become more and more popular.
But noone can say this all can only hope Wink

but any Cryptocoin will allways be at the top maybe it will be Ether in future or not.


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June 04, 2016, 03:33:22 PM
 #44

2030 is so early for bitcoin to die, as this is 2017 and in 13 years from now i am not seeing any tech that can decrypt the bitcoin addresses so bitcoin will surely be functional till 2030.

 
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June 04, 2016, 04:34:50 PM
 #45

It's simple:
1) This thread will end up being pointless.
2) Those people have no idea what they're talking about and should be ignored.
3) Everyone will be speculating and it is very well possible that neither answer will be true.

-snip-
maybe can alive until 2030 but the price of bitcoin can decrease.
The price is irrelevant. 1 BTC will always be equal to 1 BTC.


Thank you.

1 BTC = 1 BTC
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June 04, 2016, 04:40:08 PM
 #46

2030 is so early for bitcoin to die, as this is 2017 and in 13 years from now i am not seeing any tech that can decrypt the bitcoin addresses so bitcoin will surely be functional till 2030.
yes this aalah renewal era. the era of the latest financial payments. and I think 2030 is a time where the conventional real money will be lost. bitcoin will become a strong financial sector.

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June 04, 2016, 04:43:02 PM
 #47

2030 is so early for bitcoin to die, as this is 2017 and in 13 years from now i am not seeing any tech that can decrypt the bitcoin addresses so bitcoin will surely be functional till 2030.
yes this aalah renewal era. the era of the latest financial payments. and I think 2030 is a time where the conventional real money will be lost. bitcoin will become a strong financial sector.
Positive thinking!! That's what would be cool, but I think it'll take a bit longer than that. Probably 2050 to completely rid our generation with a broken dollar.
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June 04, 2016, 04:58:23 PM
 #48

No it will not be over in 2030.  It will be in full force in 2030 with widespread adoption.

I love Bitcoin
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June 04, 2016, 05:20:03 PM
 #49

I don't expect bitcoin to be some sort of infinite and immortal currency, but having Bitcoin collapse or start to shrink in terms of community involvement by 2030 seems a bit short when you look at the overall picture. It is also basically impossible to predict either way, due to the erratic nature of Bitcoin and it's community.

We will have to see what happens over the next decade in order to get even a remote idea whether or not bitcoin will collapse at that point, but for now Bitcoin's prospects are only looking up.
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June 05, 2016, 09:46:11 AM
 #50

No it will not be over in 2030.  It will be in full force in 2030 with widespread adoption.

Your intention was not until 2030 bitcoin?
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June 05, 2016, 12:26:45 PM
 #51

some say bitcoin only until 2030?

Do you believe bitcoin only until 2030 and will be lost in 2030?

No one can tell you what will Bitcoin be within the next 2 years.So trying to make a prediction for 2030 can not be taken seriously.
The space is growing so fast and changes will happen so quick that a broader, further forecast is very vague and unprecise.
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June 05, 2016, 12:29:35 PM
 #52

I think BTC will survive and thrive for a long time yet. The way network effects work, the longer it survives, the likelier it becomes that BTC will continue to survive.

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June 05, 2016, 12:38:42 PM
 #53

some say bitcoin only until 2030?

Do you believe bitcoin only until 2030 and will be lost in 2030?
It's all related to the price of bitcoin. Bitcoin itself will remain for lifetime but it's value can decrease to less than 1¢ then it would be worthless. One other outcome could be Bitcoin's price increasing by a lot I mean 1 btc to be of 100,000$ or more then also it could die as not many people would use that.
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June 05, 2016, 01:05:18 PM
 #54

why would bitcoin suddenly die at 2030?

the only reason bitcoin would die is if some other altcoin replaces it

it's impossible to know when and if another coin would replace bitcoin, so making a prediction about 2030 is useless.
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June 05, 2016, 01:10:14 PM
 #55

some say bitcoin only until 2030?

Do you believe bitcoin only until 2030 and will be lost in 2030?

nobody can possiblily know that.
you can say bitcoin may be used a lot or a little but you can never say it will never exist in 2030.
anybody who claims this is talking nonesense.

besides everything is pointing towards a better future for bitcoin so it can even be wrong.

Buying the dip...
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June 05, 2016, 01:10:58 PM
 #56

Well nobody knows what future will bring in that year of 2030 because one thing is sure it getting more attention day and day, so many people getting awareness regarding this innovation and community growing bigger than ever, i will say this bitcoin will be world most popular currency at that time.
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June 05, 2016, 02:38:07 PM
 #57

Its definitely not true, why are they from future that they can say btc will be until 2030. They even have no solid basis regarding what they have said. Many people says btc is dead since then but look until now its alive and the price is kicking. Maybe they can speculate the price but no one really knows when is the end of btc.
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June 05, 2016, 02:41:16 PM
 #58

Its definitely not true, why are they from future that they can say btc will be until 2030. They even have no solid basis regarding what they have said. Many people says btc is dead since then but look until now its alive and the price is kicking. Maybe they can speculate the price but no one really knows when is the end of btc.

Agree, it is true it can't be predicted correctly and clearly. But they predict from what they see now, because they see that bitcoin is far better and superior of the currency now, and no one could rival the Bitcoin. It is because they make the prediction that bitcoin will survive until 2030 or even more.
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June 05, 2016, 02:58:40 PM
 #59

Its definitely not true, why are they from future that they can say btc will be until 2030. They even have no solid basis regarding what they have said. Many people says btc is dead since then but look until now its alive and the price is kicking. Maybe they can speculate the price but no one really knows when is the end of btc.

Agree, it is true it can't be predicted correctly and clearly. But they predict from what they see now, because they see that bitcoin is far better and superior of the currency now, and no one could rival the Bitcoin. It is because they make the prediction that bitcoin will survive until 2030 or even more.
And it's just the only prediction, Anything could happen with bitcoin. All of the people can predict if bitcoin is until this,this and this. But maybe if bitcoin has a rival we will saw a different situation. all of the factors can change the bitcoin situation is better or not . common people only make a predict from seeing the bitcoins cover.

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June 06, 2016, 03:31:50 PM
 #60

some say bitcoin only until 2030?

Do you believe bitcoin only until 2030 and will be lost in 2030?

No i think that it is dumb because bitcoin will be alive for more than till 2030 as bitcoins are more and more popular each year

So when bitcoin are very popular, people buys lots of bitcoins so this means that bitcoin will be alive, i hope it will be alive till 2050 atleast


2050? It was a long while, I hope so bitcoin survive up whenever
Bitcoin will not exist forever and that have we to know because it will disappear on a time but that will not happen soon of course because it is beginning to be more popular.
And the value of Bitcoin is also rising slowly so that is nice, but it can takes a long time until the value will reach that high value.
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