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Author Topic: In what situation would Bitcoin die?  (Read 94269 times)
kodtycoon
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August 22, 2017, 12:51:07 PM
 #1461

I think bitcoin will die when there are no people interested in bitcoin again. The important factor why something can survive because there are many people still interested and use that thing.
Not sure after bitcoin benefits many people then they forget and leave bitcoin for granted, it is something that can not happen. I think the only thing that makes bitcoin die is the death of the internet in the world.

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jatin729
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August 22, 2017, 01:15:49 PM
 #1462

there are situation in which bitcoin would die.
One is if internet stop working than everything would be stop, no one could be able to send and receive bitcoins.
I think bitcoin will die when there are no people interested in bitcoin again. The important factor why something can survive because there are many people still interested and use that thing.

I think govt. can't ban the bitcoin because Govt. earn money from bitcoin by taxes.
 

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August 22, 2017, 01:19:00 PM
 #1463

I think bitcoin would die when no internet anywhere in this world, or maybe when no one want to use it ar accept bitcoin. I believe that it would not happened someday because day by day i think many people has interest on bitcoin. And we can not deny it.

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August 23, 2017, 08:51:36 PM
 #1464

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
          Bitcoin has successfully overcome many critical issues like Mt.Gox hacked,price falls,BU,and now recently BCC.No altcoin today has the potential to replace bitcoin.So,its quite clear that bitcoin would not get destroyed by such factors.
             But it is said that quantum computers in future would be a big threat to bitcoin.It is said that quantum computers are moving closer to reality and many governments are investing in it.It is said that quantum computer will undermine the cryptography surrounding bitcoin's private and public keys.By this way,it will be able to read private keys of a bitcoin holder thus getting access to his bitcoins.It would be a huge threat to bitcoin.Already,many cryptographers are working to create quantum proof technologies so that bitcoin would be protected from such attacks.
I would love to know the reason, why the demand and market value decrease to such level that bitcoins will become totally useless? It is not happening, not even in your dreams. You have over exaggerated the situation. It cannot be even a worst case but something more than that.

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August 23, 2017, 09:15:14 PM
 #1465

I guess bitcoin die if there's a new currency better than bitcoin and be famous on a short perioud but in my mind bitcoin won't die because a lot of people predict on him .

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August 23, 2017, 09:49:42 PM
 #1466


What is certain when all is not willing to talk, search and trade bitcoin, but is it possible that it happened? It seems impossible, because every day many need bitcoin for any purposes and needs.
So when will it happen? Still a dream only.

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August 24, 2017, 01:05:04 AM
 #1467


What is certain when all is not willing to talk, search and trade bitcoin, but is it possible that it happened? It seems impossible, because every day many need bitcoin for any purposes and needs.
So when will it happen? Still a dream only.

It will happen only if there is totally internet shutdown all over the world or there is another world war!! but for now it just lucky guest! now one know if that possible to happen but before that to happen be sure to save or transfer that bitcoin to real fiat.

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August 25, 2017, 09:45:26 AM
 #1468


What is certain when all is not willing to talk, search and trade bitcoin, but is it possible that it happened? It seems impossible, because every day many need bitcoin for any purposes and needs.
So when will it happen? Still a dream only.

It will happen only if there is totally internet shutdown all over the world or there is another world war!! but for now it just lucky guest! now one know if that possible to happen but before that to happen be sure to save or transfer that bitcoin to real fiat.

You have a point and good idea I respect your opinion but it is impossible to shutdown the internet all over the world. For me the only way that Bitcoin could actually die would be if nobody was willing to operate the mining infrastructure or if nobody could believe in Bitcoin potential.
But now bitcoin still alive and continue to spread in the whole world Cheesy

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August 25, 2017, 10:36:04 AM
 #1469

Bitcoin will die if the superpower states issues an order to make illegal bitcoins and should not be done for various business activities. This will invite a substantial reduction in the volume of bitcoin because the SEC and other economic security agencies will try to clean it thoroughly. Bitcoin will be considered a destroyer of the global economy.

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August 25, 2017, 12:47:23 PM
 #1470

There seems to be none presently, except the world leaders sign an agreement against it, banning it most nations of the world that’s the only way it would cease to exist and that can’t happen.

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August 25, 2017, 01:08:35 PM
 #1471

I think bitcoin will die if they shutdown the internet. We all know that bitcoin is a digital cryptocurrency and you can just earn it htrough online. So if there's no internet, bitcoin will not exist anymore unless if there is a physical / tangible bitcoin.

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August 25, 2017, 01:14:48 PM
 #1472


What is certain when all is not willing to talk, search and trade bitcoin, but is it possible that it happened? It seems impossible, because every day many need bitcoin for any purposes and needs.
So when will it happen? Still a dream only.

It will happen only if there is totally internet shutdown all over the world or there is another world war!! but for now it just lucky guest! now one know if that possible to happen but before that to happen be sure to save or transfer that bitcoin to real fiat.

You have a point and good idea I respect your opinion but it is impossible to shutdown the internet all over the world. For me the only way that Bitcoin could actually die would be if nobody was willing to operate the mining infrastructure or if nobody could believe in Bitcoin potential.
But now bitcoin still alive and continue to spread in the whole world Cheesy



Not only the bitcoin would be affected if that can happen so they will never do that if they want to dir bitcoin most probably they will ban it a powerful man only can do that so as of now i think it would never be happen bitcoin would never be go for that way as it can be die cause as i can see as the technology goes in demand they will push this an online money. Most compatible the way it works .

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August 25, 2017, 01:20:24 PM
 #1473


If there is a World War III and a nuclear winter that takes out our grid and internet, even that is going to be hard to take down Bitcoin because of Bitcoin Core releases a satellite so that you don't even need the internet to use Bitcoin. We're moving fast into the future can't you tell.

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August 25, 2017, 01:33:45 PM
 #1474

Bitcoin will die if the superpower states issues an order to make illegal bitcoins and should not be done for various business activities. This will invite a substantial reduction in the volume of bitcoin because the SEC and other economic security agencies will try to clean it thoroughly. Bitcoin will be considered a destroyer of the global economy.
No , it won't affected on bitcoin usage around the world ,
It's decentralized and noone could be able make a rule , the power of "us" is real here ,
As long as bitcoin itself did not harm , why the other who did not agree with bitcoin should be bothered?
So far i can't really see that signal , not even a little.
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August 25, 2017, 01:46:53 PM
 #1475

It will only happen when the internet system of whole world goes down.otherwise i dnt think even world war 3 would be strong enough to kill this kind of a powerful thing such as bitcoin.

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August 25, 2017, 01:47:57 PM
 #1476

I think bitcoin will die if they shutdown the internet. We all know that bitcoin is a digital cryptocurrency and you can just earn it htrough online. So if there's no internet, bitcoin will not exist anymore unless if there is a physical / tangible bitcoin.

You and I know that such a situation you painted will never exist. The Internet has now become a strategic part of this earth. I can't really speak for the other planets. Nothing happens now that involves finances without the involvement of the Internet, be it banking, supply and purchase, communication, aviation, just name it. So, except there's a total annihilation of this earth, the Internet will continue to be useful to man. And if the Internet still exists virtual currencies or cryptos will remain relevant.
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August 25, 2017, 01:50:53 PM
 #1477

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
If this will be illegal in whole world and people cannot get cash

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August 25, 2017, 01:55:05 PM
 #1478

This maybe apply to altcoins but in bitcoin isn't. Since it is the person's choice if he/she going to use bitcoin. As long someone use or investing on bitcoins, it wouldn't die. Also, bitcoin will going to adopt the market system in the future making it hard to die.

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August 25, 2017, 02:03:14 PM
 #1479

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

when people are not interest about this coin, when other coin more awesome than this coin. bitcoin die, and other coin will replace this place. but i think its insane to replace bitcoin place. and if bitcoin die, other coin price will not be rival of this coin.

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August 25, 2017, 02:05:31 PM
 #1480

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin has successfully overcome lots of critical issues.Bitcoin is getting more popular and its getting legalized in many countries one by one.So bitcoin would not die due to value decrease.Neither it would face any legality issues since it has already been legalized in japan and soon it is to be legalized in south korea and india.But,in the future,when quantum computing would be introduced,it is said that it could read its cryptography and so it could easily know the private key making bitcoins security to be compromised.But lots of cryptographers are working now itself to solve this issue.



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        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌     
         █        ▀  █▓█▀▀█         █     
         ▐█          ▐▄▓░ █▄       █▌     
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀       
            ▀█▄         ▀█▄▄▄█▌▄█▀         
              ▀██▄▄       ▀▄▄██▀           
                 ▀▀████████▀▀             

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