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Author Topic: Is Bitcoin designed to last forever?  (Read 9858 times)
CyberKuro
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October 25, 2016, 04:30:51 AM
 #221

No. But it can become the world's history. If something good will happen that every people will know about it and somehow use it then it can create a worldwide mark. But we dont know if that can happen.
yeah I agree with you that might someday bitcoin will die and may be replaced by a currency or other crypto but maybe cryptocurrency may also be dead, no one will know the reason, but I'm sure bitcoin will not last forever dude. everything has its time, and if those days are finished of course, it will die

I am not agree with you, just think by your logic, People interested with altcoin becouse they was know about bitcoin first. also they still thrust to altcoin becouse they know that there is the first of crypto currency is still life and usefull. just think if bitcoin is die, people who know this news will begin to not thrust with any cryptocurrency. Don't you Understant that bitcoin is like father of all of altcoin. I realy Sure that bitcoin is not just being a history but it will uses forever. becouse we are always keep moving forward and bitcoin is the future.
Yeah, bitcoin is like foundation of cryptocurrencies world which has good development since it has been made by Mr. Satoshi.
We don't really know about it's future for sure, but I think it could last fo a long time and compete with anothers altcoin.
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October 25, 2016, 07:13:57 AM
 #222

No. But it can become the world's history. If something good will happen that every people will know about it and somehow use it then it can create a worldwide mark. But we dont know if that can happen.
yeah I agree with you that might someday bitcoin will die and may be replaced by a currency or other crypto but maybe cryptocurrency may also be dead, no one will know the reason, but I'm sure bitcoin will not last forever dude. everything has its time, and if those days are finished of course, it will die

I am not agree with you, just think by your logic, People interested with altcoin becouse they was know about bitcoin first. also they still thrust to altcoin becouse they know that there is the first of crypto currency is still life and usefull. just think if bitcoin is die, people who know this news will begin to not thrust with any cryptocurrency. Don't you Understant that bitcoin is like father of all of altcoin. I realy Sure that bitcoin is not just being a history but it will uses forever. becouse we are always keep moving forward and bitcoin is the future.
Yeah, bitcoin is like foundation of cryptocurrencies world which has good development since it has been made by Mr. Satoshi.
We don't really know about it's future for sure, but I think it could last fo a long time and compete with anothers altcoin.
just because bitcoin is a stunning new technology and some say even a miracle it does not mean it is indestructible. remember the titanic? i bet people where also talking about "is titanic designed to last forever?". we live in a world where a currency seldom lasted for more then 100 years. and technology nowadays is changing fast. it would be a folly to think bitcoin will be here forever.   

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October 25, 2016, 10:57:41 AM
 #223

I think bitcoin was designed to be used in a long term, but not for last forever because nothing is immortal in this world anyway.

well I don't even know what satoshi thought when he created this thing, but there are many possibilities we don't know to happen in the next few years.

I strongly agree with  you  nothing  in this   world  designed  to  last  forever  but  for   bitcoin i could say that  it was created  to  last  long for  more  years  because  people do  tend to  use and adopt  it  and we could really say that  it  would  stay   on longer  years. As  you mentioned we  really dont  know  on  what  is  on the mind  of its  creator Satoshi and  its  devs  but  one things  for sure, bitcoin is  very  valuable for us not  only  on  earning  opportunities but also to the  benefits that  it gives.
Yeah I supposed bitcoin was designed for a long term usage but not design for forever, as we can see Satoshi is only limited the bitcoin 21 millions bitcoin, so if all of the people in the world used bitcoin then the amount of the bitcoin won't be enough, so while you still have the chance, you need to make good used of bitcoin


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October 25, 2016, 01:33:39 PM
 #224

I think bitcoin was designed to be used in a long term, but not for last forever because nothing is immortal in this world anyway.

well I don't even know what satoshi thought when he created this thing, but there are many possibilities we don't know to happen in the next few years.

I strongly agree with  you  nothing  in this   world  designed  to  last  forever  but  for   bitcoin i could say that  it was created  to  last  long for  more  years  because  people do  tend to  use and adopt  it  and we could really say that  it  would  stay   on longer  years. As  you mentioned we  really dont  know  on  what  is  on the mind  of its  creator Satoshi and  its  devs  but  one things  for sure, bitcoin is  very  valuable for us not  only  on  earning  opportunities but also to the  benefits that  it gives.
Yeah I supposed bitcoin was designed for a long term usage but not design for forever, as we can see Satoshi is only limited the bitcoin 21 millions bitcoin, so if all of the people in the world used bitcoin then the amount of the bitcoin won't be enough, so while you still have the chance, you need to make good used of bitcoin

That is certainly true. But if you look at the number of bitcoin that much less of the population of this world then I think that's something inappropriate things to think about. Because if everyone is already using bitcoin, then automatically price bitcoin will be higher because the overall number of bitcoin is much lower (Economic Law), so this would be a great advantage and not a problem
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November 01, 2016, 06:39:53 AM
 #225

Nothing lasts forever, but if the internet stays the same and we will have some liberty in the future, then bitcoin should last at least our lifetime and possibly our childrens lifetime.

But eventually it will be replaced by a coin better designed, although I dont expect this in my lifetime, so i will remain with bitcoin.
I think as long as internet still alive i believes that bitcoin will continue to survive because its the only one who can make bitcoin die and stop operate is the loss of internet connection, so as long as the internet is still alive then bitcoin will continue to live Cheesy
I do not think there is another reason that could make bitcoin die
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November 01, 2016, 08:10:51 AM
 #226

Nothing lasts forever, but if the internet stays the same and we will have some liberty in the future, then bitcoin should last at least our lifetime and possibly our childrens lifetime.

But eventually it will be replaced by a coin better designed, although I dont expect this in my lifetime, so i will remain with bitcoin.
I think as long as internet still alive i believes that bitcoin will continue to survive because its the only one who can make bitcoin die and stop operate is the loss of internet connection, so as long as the internet is still alive then bitcoin will continue to live Cheesy
I do not think there is another reason that could make bitcoin die


Bitcoin being a code that is open for improvement and upgrade simply means bitcoin is designed to last forever.  with the updates and development, bitcoin will have its usage and importance retains thru out the course of human history.  Unless the developers give up and no one to pick up the development then that will be the time bitcoin will become idle.

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November 01, 2016, 08:15:40 AM
 #227

Nothing lasts forever, but if the internet stays the same and we will have some liberty in the future, then bitcoin should last at least our lifetime and possibly our childrens lifetime.

But eventually it will be replaced by a coin better designed, although I dont expect this in my lifetime, so i will remain with bitcoin.
I think as long as internet still alive i believes that bitcoin will continue to survive because its the only one who can make bitcoin die and stop operate is the loss of internet connection, so as long as the internet is still alive then bitcoin will continue to live Cheesy
I do not think there is another reason that could make bitcoin die


Bitcoin being a code that is open for improvement and upgrade simply means bitcoin is designed to last forever.  with the updates and development, bitcoin will have its usage and importance retains thru out the course of human history.  Unless the developers give up and no one to pick up the development then that will be the time bitcoin will become idle.

I think it will be all about after everything is mined. But I dont think we are still alive to see that. There is a lot to be mined and halving's will come creating less mined coins. So if the support will not end until that time and new generations will be enthusiastic just like people in this community then it wont be a problem to last for a long time.

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November 01, 2016, 08:59:18 AM
 #228

for me bitcoin is seen to be a financial media that can be used in a very long time. could be in the future bitcoin will have a unit price satoshi. along with the rise in the price of bitcoin on the market.
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November 01, 2016, 09:02:05 AM
 #229

Bitcoin already did proved that it last longer than other crypto currency. Yes it is still profitable for its miners because it is getting some fees to sustain its miners but in the question that  bitcoin was designed to last forever i think that it is not it simply wanted to have some medium of payment online and this is still experimental
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November 01, 2016, 09:04:02 AM
 #230

Some day all bitcoins will be mined. That would mean no transactions will be confirmed anymore. I think that coins can still be sent, but without the confirmation, I don't think that people will still use it. So no, I don't think bitcoin will last forever. Besides, I think that the confirmation times will become so slow that long before the last coin will be mined nobody will use bitcoin anymore.
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November 01, 2016, 09:11:14 AM
 #231

Yes.
Bitcoin is deisnged to work for ever as long as the community keeps in supporting it.

But in 50-60 years,when we would not have any block reward,and the miners will earn their salary from fees only,we will need a large amount of transactions.

The only thing that keeps bitcoin back is the block limit,which we will need to solve anytime soon.
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November 02, 2016, 04:52:24 AM
 #232

there are some practical problem with electronic format currencies compared to faits. Fiats are always ready to use whereas electronic currencies are basically requires internet connectivity.

But, I strongly believe there would be many enhancement projects that will ease the complications of using electronic currencies. One of the solution right now we are having is bitcoin debit cards to use wherever we want at an instant.

Bitcoin to last forever, there are many possibilities and lot of supporting things are keeping on happening.
Yes I believe, to last for ever, all possibilities currently bitcoin having, will be more than enough.  Also there are also many enhancement and developments are happening around bitcoin system, that will certainly help this system to go stronger will find its way of existing with us for ever.
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November 02, 2016, 07:17:19 AM
 #233

Bitcoin was designed to last for a really long time, transaction fees will probably keep miners well fed as i presume bitcoin will be widely used by then.
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November 02, 2016, 07:34:04 AM
 #234

I actually think that it will take many years to reach that cap, in fact i don't think that we both will be alive then ( unless something changes ) but it won't last for ever, just for long time

 
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November 02, 2016, 09:13:10 AM
 #235

Nothing lasts forever as new technology grows and other events happen but if all goes as is going now I think Bitcoin can last a very long time and may eventually EVOLVE into something else, but it has started a new digital revolution for this generation that's for sure.


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November 02, 2016, 09:19:59 AM
 #236

Nothing lasts forever as new technology grows and other events happen but if all goes as is going now I think Bitcoin can last a very long time and may eventually EVOLVE into something else, but it has started a new digital revolution for this generation that's for sure.

Bitcoin as a form of currency and as an advancement in technology is developed with certain time limits as most users quoted. But things gets changed when people start accepting it. On account of this technology might be developed to last long than the previous limitations or the same gets into existence in some other form.

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November 02, 2016, 09:27:42 AM
 #237

Yes nothing lasts forever, especially in the tech sector.

I agree with you , nothing  really last  forever and  shall passed away  its  either  been broken or  just  normally passed away  but   in the field  of  technology  , i could  say that  bitcoin is not designed  to last forever   but  im somehow assured  that  it would   took  up for  many years  before it would  gone because as  we all  witness now  that  bitcoin  is   already being  adopted  by people   and  increasing  as the days  goes  by and this  indicates  it would  last  up, bitcoin would end if  no people would  tend to use it anymore.

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November 02, 2016, 09:30:12 AM
 #238

Yes nothing lasts forever, especially in the tech sector.

I agree with you , nothing  really last  forever and  shall passed away  its  either  been broken or  just  normally passed away  but   in the field  of  technology  , i could  say that  bitcoin is not designed  to last forever   but  im somehow assured  that  it would   took  up for  many years  before it would  gone because as  we all  witness now  that  bitcoin  is   already being  adopted  by people   and  increasing  as the days  goes  by and this  indicates  it would  last  up, bitcoin would end if  no people would  tend to use it anymore.
Time will tell and its the users will make it possible with so many adoption and so much earnings coming from this investment many interest has been gathered so we really cant say if btc can survive forever but hoping that it continue to works the way its working right now.
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November 02, 2016, 09:35:47 AM
 #239

this question make me scary now Huh
but i think we still can use bitcoin for this decade
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November 02, 2016, 09:37:26 AM
 #240

This is philosophical question, probably every creator or designer have a wish on beginning to his work live as longer as possible. But can something last forever? Nature around us says that everything has an end, bitcoin as technology will have and can have much longer life then things from nature.
As a man who have faith in bitcoin, I think bitcoin will last very long time. For now bitcoin have 7 years behind, and when we look period of 100 years bitcoin is still very young currency. We will see how old bitcoin can be, and will something younger and better will replace it one day.



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