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Author Topic: In what situation would Bitcoin die?  (Read 99558 times)
btctousd81
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June 16, 2017, 04:46:37 PM
 #1121

bitcoin will never die, even in the worst case , if the government orders to stop using bitcoin, it wont die.,
bitcoin in decentralised, just like torrents, or peer to peer. so there in no single point of failure., i guess.


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Transactions can optionally carry transaction fees. Whoever mines the block which ends up containing your transaction will get the fee. The Bitcoin client will sometimes force you to pay a fee when it thinks that no miner will accept your transaction otherwise.
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June 16, 2017, 05:00:15 PM
 #1122

If everyone stops using it or if in some way becomes wothless, these are the two situations I think of that could make bitcoin die. But I don't know what could cause something like this, people get used to bitcoin and all benefits that it gives and demand is geting biger all the time.
Yeah you are correct. If everyone stop using the bitcoin it will cause a bad situation to the bitcoin but it can't be happen. Because bitcoin is now getting more popular than before.
but if in one day bitcoin stop to be use, do u will going to throw your coins away?
I mean, do you sell ur coins even they They are worth nothing more? like 1 cent? or Or would you keep them?

If everyone stopped using bitcoin will cause a bad situation for bitcoin but can not occur. Because of the bitcoin is now getting more popular than ever, so it is very important to life everyday for us and if that happens it will be a lot of people that lost it

I can't quite see what you're getting at, but the question is, why would you stop using BTC? Even if you already know its relevance? I mean, why would you do such a tragic thing?

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June 16, 2017, 06:34:14 PM
 #1123

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin dies? That can happen. When there is another kind of bitcoin that is better in value, less expensive, the amount of bitcoin users will decrease, which is of course because people are always looking for profit.
i think that legality would never kill BITCOIN

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June 16, 2017, 08:26:36 PM
 #1124

Expecting the sudden end of Bitcoin and other crypto-currencies cannot just come suddenly, cause it was never dead at the time when they where been created, when they had no much importance and ( most especially Bitcoin) when their price was of no much interest to people.

So why will the death of Bitcoin and other crypto-currencies come now when their price are touching lives?

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fabianabank
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June 17, 2017, 09:44:13 AM
 #1125

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

Another crypto overtaking its market cap
like? ETH?

GideonGono
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June 17, 2017, 01:06:33 PM
 #1126

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

Another crypto overtaking its market cap
like? ETH?

Eth will not. If somehow Bitcoin will be replaced by another coin then it would be far much nice and have a similar things to offer but more. I still think that there are no coins who have that kind of potential and Bitcoin still has a long long way to run.

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June 17, 2017, 02:07:59 PM
 #1127

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Not only Bitcoin but also other e-currencies will disappear or die if no one uses them or no one wants to buy them because of some reasons. So, if Bitcoin has some big disadvantages that NO ONE can ignore that issue and they start to sell all their Bitcoin, Bitcoin price will drop and it starts to be forgotten

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June 17, 2017, 03:05:00 PM
 #1128

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

Another crypto overtaking its market cap
like? ETH?

Eth will not. If somehow Bitcoin will be replaced by another coin then it would be far much nice and have a similar things to offer but more. I still think that there are no coins who have that kind of potential and Bitcoin still has a long long way to run.
Ltc has a great potential...

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June 17, 2017, 04:19:15 PM
 #1129

When new tech will come or every country will ban it  then only bitcoin will die
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June 17, 2017, 04:30:39 PM
 #1130

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Very easy, only need the law prohibits people from using Bitcoin, ban all transactions on the internet, ban all mining Bitcoin ... if that will happen, Bitcoin only have one way is die Grin. But I not hope that is true, because it is the end of the world for me Cry

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June 17, 2017, 04:32:28 PM
 #1131

When new tech will come or every country will ban it  then only bitcoin will die

Not exactly, if any altcoin rid over the bitcoin in cost and usage in the many people's hand then bitcoin will loose it's place and move backwards in price wise. Country banning bitcoin, it is already not legal in the many countries so you need to wait till it is been legal in all the countries, then we have to decide it.

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G_Besar
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June 17, 2017, 06:04:39 PM
 #1132

Maybe my opinion is a bit weird, but maybe just ...
Bitcoin die, when there is no internet network in this world..

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ananas99
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June 17, 2017, 06:32:34 PM
 #1133

Maybe my opinion is a bit weird, but maybe just ...
Bitcoin die, when there is no internet network in this world..

It seems to me that the fact that bitcoin can be used without an Internet network has already been proved. But I think that no one will do it. And most likely in this situation bitcoin will die. But the disappearance of the Internet is now impossible


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June 17, 2017, 09:42:16 PM
 #1134

When new tech will come or every country will ban it  then only bitcoin will die
not exactly, today people use to ilegal transations, use a coin ilegal thats not problem to them.

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June 17, 2017, 09:43:54 PM
 #1135

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Very easy, only need the law prohibits people from using Bitcoin, ban all transactions on the internet, ban all mining Bitcoin ... if that will happen, Bitcoin only have one way is die Grin. But I not hope that is true, because it is the end of the world for me Cry

The law could not prohibit, i think thats ist not possible btc die because legality

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June 17, 2017, 09:46:04 PM
 #1136

Maybe my opinion is a bit weird, but maybe just ...
Bitcoin die, when there is no internet network in this world..



Would be another case, for another post, but I think it would be difficult to do something like this.

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June 17, 2017, 10:27:08 PM
 #1137

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Very easy, only need the law prohibits people from using Bitcoin, ban all transactions on the internet, ban all mining Bitcoin ... if that will happen, Bitcoin only have one way is die Grin. But I not hope that is true, because it is the end of the world for me Cry

The law could not prohibit, i think thats ist not possible btc die because legality


I did not get you there, are you saying that the governments will not prohibit it and it is impossible that BTC will die because it is legal?
If that is what you are trying to say, my friend you are wrong, the government are not the ones handling BTC, in fact no one is thus decentralized and there are already countries that have banned BTC because of legalities.

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June 17, 2017, 10:40:37 PM
 #1138

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Very easy, only need the law prohibits people from using Bitcoin, ban all transactions on the internet, ban all mining Bitcoin ... if that will happen, Bitcoin only have one way is die Grin. But I not hope that is true, because it is the end of the world for me Cry

The law could not prohibit, i think thats ist not possible btc die because legality


I did not get you there, are you saying that the governments will not prohibit it and it is impossible that BTC will die because it is legal?
If that is what you are trying to say, my friend you are wrong, the government are not the ones handling BTC, in fact no one is thus decentralized and there are already countries that have banned BTC because of legalities.
That's what I meant, it's not going to be a law that will prohibit being used

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June 17, 2017, 11:09:38 PM
 #1139

One way that bitcoin would die would be if another type of online currency became so successful that it makes people completely ignore bitcoin.

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June 18, 2017, 12:15:18 AM
 #1140

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Very easy, only need the law prohibits people from using Bitcoin, ban all transactions on the internet, ban all mining Bitcoin ... if that will happen, Bitcoin only have one way is die Grin. But I not hope that is true, because it is the end of the world for me Cry

The law could not prohibit, i think thats ist not possible btc die because legality


I did not get you there, are you saying that the governments will not prohibit it and it is impossible that BTC will die because it is legal?
If that is what you are trying to say, my friend you are wrong, the government are not the ones handling BTC, in fact no one is thus decentralized and there are already countries that have banned BTC because of legalities.
That's what I meant, it's not going to be a law that will prohibit being used

Then we both agree, its just that I did not understand it in the first place.

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