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Author Topic: In what situation would Bitcoin die?  (Read 94858 times)
Chyton
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August 20, 2017, 02:13:15 AM

I would say because of quantum computers, quantum computers may break SHA-256 and other algorithm which means you can generate private address from public address unless a new never been known algorithm is invented.

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August 20, 2017, 02:16:11 AM

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin would end if there is no demand I mean people would stop using it and that's impossible to happen or maybe because as what you have said that it's value decreases into like for example a dollar per coin? Well about legality I don't think it can be applied all over the world since developing countries started to embrace BTC and they even stated that they found BTC as a good investment. Countries with strict policy in cryptocurrencies like I think China even has it's own mining place most especially for BTC mining. I think they just regulated some exchanges to prevent illegal use of funds. Well for me, regarding the use of different technology it could be possible that there is a specific coin or new technology that people would find it more advance, more secure and or is better  than BTC and, that may supersede BTC in the future and for now  we can't tell what that coin is since BTC is now dominating all over the world with it's price going extremely high since it is the pioneering, the most people used and a trusted coin in history of cryptocurrency.

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August 20, 2017, 02:18:33 AM

That bothers me too, but im not sure. Everything is going to die, even the earth itself is going to die. But, what situation would Earth die ? Daily activity. It doesn't matter if Bitcoin die. We must have more than one money source. Not just Bitcoin.

But I think, Bitcoin is not going to die soon. All we can do is hoping that Bitcoin will last long, and collect Bitcoin as much as we can. And as fast as we can.  Grin

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August 20, 2017, 02:25:47 AM

On my own opinion bitcoin will die if world war three starts global economy will surely decrease or drop down. No ivestments, no tradings because of the situation.

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August 20, 2017, 02:26:35 AM

Only possible scenarios that I could think of would be the end of money (which is unlikely), higher technology that would make blockchain tech obsolete, big change in economic and financial zeitgeist all over the world, and possibly non usage by all.

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August 20, 2017, 02:37:04 AM

When the world end the Bitcoin that time will die. Because under any circumstances digimoney wont go out of usage instead of die it will be very strong day by day even the rate of Bitcoin go down it wont be finish until the world end. Its my strong opinion.

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August 20, 2017, 02:47:33 AM

Only possible scenarios that I could think of would be the end of money (which is unlikely), higher technology that would make blockchain tech obsolete, big change in economic and financial zeitgeist all over the world, and possibly non usage by all.
I think we are too long way for that ,bitcoins is not totally at its existence and it might be our future money in online as internet is also growing, i only think how about the poor ones who can't afford to buy a cellphone so that they can use bitcoins and any others in the society.

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August 20, 2017, 03:49:32 AM

Only possible scenarios that I could think of would be the end of money (which is unlikely), higher technology that would make blockchain tech obsolete, big change in economic and financial zeitgeist all over the world, and possibly non usage by all.
I think we are too long way for that ,bitcoins is not totally at its existence and it might be our future money in online as internet is also growing, i only think how about the poor ones who can't afford to buy a cellphone so that they can use bitcoins and any others in the society.
First bitcoin is growing and growing, it may be very long time to survive. And secondly if bitcoin or blockchain technology is abandoned due to obsolete, i think it is wrong. Bitcoin and blockchain technology will continue to evolve according to the times, just as hardfork and segwit it is an example of bitcoin development that follows the circumstances and times

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August 20, 2017, 05:01:23 AM

Only possible scenarios that I could think of would be the end of money (which is unlikely), higher technology that would make blockchain tech obsolete, big change in economic and financial zeitgeist all over the world, and possibly non usage by all.
I think we are too long way for that ,bitcoins is not totally at its existence and it might be our future money in online as internet is also growing, i only think how about the poor ones who can't afford to buy a cellphone so that they can use bitcoins and any others in the society.
First bitcoin is growing and growing, it may be very long time to survive. And secondly if bitcoin or blockchain technology is abandoned due to obsolete, i think it is wrong. Bitcoin and blockchain technology will continue to evolve according to the times, just as hardfork and segwit it is an example of bitcoin development that follows the circumstances and times
At the success we are seeing now and it's growing then for sure it's hard to stop bitcoin.
Maybe we can see it will die if the biggest authority in this world which is the government will totally ban bitcoin.
That is something we can't do anything with because they have the power to do it.

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August 20, 2017, 05:17:55 AM

Only possible scenarios that I could think of would be the end of money (which is unlikely), higher technology that would make blockchain tech obsolete, big change in economic and financial zeitgeist all over the world, and possibly non usage by all.
I think we are too long way for that ,bitcoins is not totally at its existence and it might be our future money in online as internet is also growing, i only think how about the poor ones who can't afford to buy a cellphone so that they can use bitcoins and any others in the society.
First bitcoin is growing and growing, it may be very long time to survive. And secondly if bitcoin or blockchain technology is abandoned due to obsolete, i think it is wrong. Bitcoin and blockchain technology will continue to evolve according to the times, just as hardfork and segwit it is an example of bitcoin development that follows the circumstances and times
At the success we are seeing now and it's growing then for sure it's hard to stop bitcoin.
Maybe we can see it will die if the biggest authority in this world which is the government will totally ban bitcoin.
That is something we can't do anything with because they have the power to do it.
But we don't need worry about this issue, Japan, Korea are the first country accept Bitcoin is legal, is new payment gate and asset for their country. I think other rich country as United Kingdom or United States skip the opportunity helps their economy give to other country in Asia.
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August 20, 2017, 08:26:19 AM

Only possible scenarios that I could think of would be the end of money (which is unlikely), higher technology that would make blockchain tech obsolete, big change in economic and financial zeitgeist all over the world, and possibly non usage by all.
I think we are too long way for that ,bitcoins is not totally at its existence and it might be our future money in online as internet is also growing, i only think how about the poor ones who can't afford to buy a cellphone so that they can use bitcoins and any others in the society.
First bitcoin is growing and growing, it may be very long time to survive. And secondly if bitcoin or blockchain technology is abandoned due to obsolete, i think it is wrong. Bitcoin and blockchain technology will continue to evolve according to the times, just as hardfork and segwit it is an example of bitcoin development that follows the circumstances and times
At the success we are seeing now and it's growing then for sure it's hard to stop bitcoin.
Maybe we can see it will die if the biggest authority in this world which is the government will totally ban bitcoin.
That is something we can't do anything with because they have the power to do it.
But we don't need worry about this issue, Japan, Korea are the first country accept Bitcoin is legal, is new payment gate and asset for their country. I think other rich country as United Kingdom or United States skip the opportunity helps their economy give to other country in Asia.
If bitcoin will work to continue improving itself then those two countries will change their mind and they will accept bitcoin just like the other country did. Those are big countries so it is not that easy for them to please about bitcoin and they will not eventually accept it if they will not see any valid reason to accept it but if they will see other countries in Asia that are doing good with bitcoin then they will follow them.

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August 20, 2017, 08:43:21 AM

When the developer was gone

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August 20, 2017, 08:54:03 AM

it could be when the most of the people will misuse openly and that for most of the country will ban it. ( It will depend on our usage).
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August 20, 2017, 09:18:08 AM

On my own opinion bitcoin will die if world war three starts global economy will surely decrease or drop down. No ivestments, no tradings because of the situation.
Nope I think bitcoin will get more popular in World War 3 if it happens. Chaos will happen when it happens a lot of robbery, theft, etc. Then to save the wealth of course there will be many people who store in digital currency which can not be reached by robbers. And many people would definitely choose to save their wealth in bitcoin

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August 20, 2017, 09:49:18 AM

i think this is out of the question, but I see bitcoin dying is far from reality, even if people will not acknowledge bitcoin, bitcoin will still be there and can be use for transactions, even if there is no internet, there are still LANs that is available for transactions of bitcoins, bitcoins being lost through your wallet or being thrown out because you threw your hardware, still you can recover those data. But if you are trying to say bitcoin dying, like people are not using it anymore, I think you need to check your history, bitcoin is considered digital gold, and there is a reason why is it so. Just look at gold today and its history, if everyone else knew that gold will be that precious, everyone will have it, not only major banks, but since bitcoin is gold 2.0 and everyone as of now can access bitcoin, we need to take advantage, it will not die, even if we don't use it, it will just increase more in value, and just like gold, its all all about supply and demand for now.

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August 20, 2017, 10:05:47 AM

If the internet does not work bitcoin will die.
If the people will not use bitcoin in their real life bitcoin will die
If one that they will find a way to hack blockchain system, bitcoin will die
If everyone in the world will become aware of many altcoins and they use altcoins instead of bitcoin, bitcoin can die.
But I am sure bitcoin will survive many years

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August 20, 2017, 10:10:49 AM

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

when no one use bitcoin, include price of bitcoin drop and alt coin price grow up. and when bitcoin die it will replace by other coin that have more people interested.

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August 20, 2017, 10:57:57 AM

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

when no one use bitcoin, include price of bitcoin drop and alt coin price grow up. and when bitcoin die it will replace by other coin that have more people interested.

yeah without people using bitcoin, bitcoin will not stay like now and people will be leave bitcoin if suddenly the price is drop like the first time launched. i don't know with the other coins, but i think there will be another coins which have many benefits to people will be the leader and lead the crypto currency world.

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August 20, 2017, 12:18:32 PM

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

when no one use bitcoin, include price of bitcoin drop and alt coin price grow up. and when bitcoin die it will replace by other coin that have more people interested.

yeah without people using bitcoin, bitcoin will not stay like now and people will be leave bitcoin if suddenly the price is drop like the first time launched. i don't know with the other coins, but i think there will be another coins which have many benefits to people will be the leader and lead the crypto currency world.

Yes if people will stop using bitcoin then the price will go down and then it will die but I think people will stop using bitcoin since we can use bitcoin to make transaction easy.

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August 20, 2017, 12:30:51 PM

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

when no one use bitcoin, include price of bitcoin drop and alt coin price grow up. and when bitcoin die it will replace by other coin that have more people interested.

yeah without people using bitcoin, bitcoin will not stay like now and people will be leave bitcoin if suddenly the price is drop like the first time launched. i don't know with the other coins, but i think there will be another coins which have many benefits to people will be the leader and lead the crypto currency world.

Yes if people will stop using bitcoin then the price will go down and then it will die but I think people will stop using bitcoin since we can use bitcoin to make transaction easy.
Bitcoin usets and holders will not going to abandon btc unless its service gets poor as its popularity increases. But since theres correction happens sometime then btc will exist forever.

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