Bitcoin Forum
November 20, 2017, 12:19:13 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 ... 92 »
  Print  
Author Topic: In what situation would Bitcoin die?  (Read 94916 times)
Monnt
Legendary
*
Offline Offline

Activity: 854


View Profile
March 14, 2017, 08:13:41 PM
 #381

In my opinion, bitcoin wont die. It wont happen . Because nowadays many people started to prefer bitcoin over fiat currencies because of its wonderful features. Bitcoin's price can crash if many countries ban the usage of bitcoin. Or if any hacking or anything similar to that happens,  definitely its price will crash. But it wont die.
And for bitcoins to die the price should go down slowly and eventually die, while here the case is completely opposite, the price is just rising and rising and there are more and more sites and service that now appreciates bitcoins, if I am not wrong a big company named CPA lead started to accept bitcoins as the payment method.
1511180353
Hero Member
*
Offline Offline

Posts: 1511180353

View Profile Personal Message (Offline)

Ignore
1511180353
Reply with quote  #2

1511180353
Report to moderator
1511180353
Hero Member
*
Offline Offline

Posts: 1511180353

View Profile Personal Message (Offline)

Ignore
1511180353
Reply with quote  #2

1511180353
Report to moderator
1511180353
Hero Member
*
Offline Offline

Posts: 1511180353

View Profile Personal Message (Offline)

Ignore
1511180353
Reply with quote  #2

1511180353
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511180353
Hero Member
*
Offline Offline

Posts: 1511180353

View Profile Personal Message (Offline)

Ignore
1511180353
Reply with quote  #2

1511180353
Report to moderator
1511180353
Hero Member
*
Offline Offline

Posts: 1511180353

View Profile Personal Message (Offline)

Ignore
1511180353
Reply with quote  #2

1511180353
Report to moderator
fabianabank
Jr. Member
*
Offline Offline

Activity: 54


View Profile
March 14, 2017, 08:19:44 PM
 #382

fee will be increased more and more, man

iv4n
Hero Member
*****
Offline Offline

Activity: 770


★Nitrogensports.eu★


View Profile
March 14, 2017, 08:52:24 PM
 #383

quantum computers mean death of crypto/btc  Grin

I saw this several times, what "quantum computers" means exactly? And how that can be the end of the blockchain? I will search for answers, but I would like to here what community have to say about it.
Bitcoin will not die anytime soon, I doubt that whole world can stay without electricity, fee's are not the same for every wallet, waiting for transaction to confirm will be solved, so I don't see any good reason for bitcoin to die.


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██      
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
     BITCOIN SPORTSBOOK      
  ▄▄
██
██
██
██
██
██
██
██
██
██      
██
██
            ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄          
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █              
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




 CASINO  ●  DICE  ●  POKER  
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
  24 hour Customer Support    

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
carlerha
Hero Member
*****
Offline Offline

Activity: 588



View Profile
March 14, 2017, 08:59:29 PM
 #384

Looks like we are running into those direction, making bitcoin a bad investment due to the high fees being charged, i dont know if bitcoin will be able to survice if we reach at some point big fees at any ammounts, because bitcoin were amazing to micro payments, now looking better others altcoins then those, but time will let us know.
bitcoin might not be dead, given bitcoin is one of the best investments that exist for today. other than that bitcoin has a high price for this time, and it probably will always ensure that bitcoin will not die.
yes bitcoin cannot die in any condition or situation. i think it will continue just in a better way, although there are situation that can effect bitcoin up to certain limit but still it cannot cause bitcoin to die, for example the increasing transaction fee can effect bitcoin a lot.
fabianabank
Jr. Member
*
Offline Offline

Activity: 54


View Profile
March 14, 2017, 10:09:18 PM
 #385


But I think bitcoin soon will not be able to be buyer by anyone

Minimii
Jr. Member
*
Offline Offline

Activity: 40


View Profile
March 14, 2017, 10:11:50 PM
 #386


But I think bitcoin soon will not be able to be buyer by anyone
Why do you think so? Darknet and betting sites is still around and look at the market cap. Also see the grafs, we are going stronger and stronger brother.

Cheers,
Best Regards,

♔ PrimeDice.com | The (https://PrimeDice.com)
bettercrypto
Sr. Member
****
Offline Offline

Activity: 350


View Profile
March 14, 2017, 10:17:22 PM
 #387


But I think bitcoin soon will not be able to be buyer by anyone
Why do you think so? Darknet and betting sites is still around and look at the market cap. Also see the grafs, we are going stronger and stronger brother.

Cheers,
Best Regards,

If miners stop mining there there will be no one to confirm the transasction, all will be unconfirmed and pending then people will start to panic and avoid Bitcoin.  Supporters will then be haters and worst everyone will look at other cryptocurrency that performs better than Bitcoin and leave Bitcoin without support.  So Bitcoin will die if miners stop mining it and make the network idle.



    ██▌ ██▌ ██▌ ██▌ ██▌▐██ ▐██                     ▐██▐██▐██

                    ██▌▐██ ▐██ ▐██             ▐██ ▐██▐██▐██

        ██▌ ██▌ ██▌ ██▌▐██ ▐██ ▐██ ▐██     ▐██ ▐██ ▐██▐██▐██

██▌ ██▌ ██▌ ██▌ ██▌ ██▌▐██ ▐██ ▐██ ▐██ ▐██ ▐██ ▐██ ▐██▐██▐██

            ██▌ ██▌ ██▌▐██ ▐██     ▐██ ▐██ ▐██     ▐██▐██▐██

██▌ ██▌ ██▌ ██▌ ██▌ ██▌▐██ ▐██         ▐██         ▐██▐██▐██

        ██▌ ██▌ ██▌ ██▌▐██ ▐██                     ▐██▐██▐██

                    ██▌▐██ ▐██                     ▐██▐██▐██

        ██▌ ██▌ ██▌ ██▌▐██ ▐██                     ▐██▐██▐██

██▌ ██▌ ██▌ ██▌ ██▌ ██▌▐██ ▐██                     ▐██▐██▐██
 
 
O V E M E N T
 




       ▐██ ▐██ ▐██ ▐██ ▐██


██▌▐██ ▐██ ▐██ ▐██ ▐██ ▐██


               ▐██ ▐██ ▐██







██▌▐██ ▐██ ▐██ ▐██ ▐██ ▐██
||||
Minimii
Jr. Member
*
Offline Offline

Activity: 40


View Profile
March 14, 2017, 10:22:02 PM
 #388


But I think bitcoin soon will not be able to be buyer by anyone
Why do you think so? Darknet and betting sites is still around and look at the market cap. Also see the grafs, we are going stronger and stronger brother.

Cheers,
Best Regards,

If miners stop mining there there will be no one to confirm the transasction, all will be unconfirmed and pending then people will start to panic and avoid Bitcoin.  Supporters will then be haters and worst everyone will look at other cryptocurrency that performs better than Bitcoin and leave Bitcoin without support.  So Bitcoin will die if miners stop mining it and make the network idle.
It can still be picked up right? It can be unactive, but not dead?

Best Regards,

♔ PrimeDice.com | The (https://PrimeDice.com)
phr0stbyt3
Hero Member
*****
Offline Offline

Activity: 630



View Profile
March 14, 2017, 10:25:19 PM
 #389

There are many different situations and aspects for bitcpin to die. First one when all bitcoins are mined : Now we all know bitcoin has a supply limit so after all bitcoins are mined people will start selling their coins as price growth will be low and mostly by 2060 it will be over.
Other thing that can happen is countries banning the use of bitcoin or actually holding any coins or in online wallets.

              ▄▄▄▄▄▄▄▄▄▄▄▄
          ▄▄███▀▀▀▀▀▀▀▀▀▀███▄▄
       ▄██▀▀   ▄▄▄▄▄▄▄▄▄▄   ▀▀██▄
     ▄██▀  ▄▄████▀▀▀▀▀▀▀███▄▄  ▀██▄
   ▄██▀  ▄██▀▀   ▄▄▄▄▄▄▄  ▀▀██▄  ▀██▄
  ▐██   ██▀   ▄███▀▀▀▀▀███▄  ▀██   ██▌
  ██▌  ██▌   ██▀         ▀██  ▐██  ▐██
 ▐██   ██   ▐██           ██▌  ██▌  ██▌
  ██▌  ▐█▄   ██▄        ▄██▀  ▄█▀  ▐██
   ██▄  ▀██▄  ▀██▄    ▄██▀  ▄██▀  ▄██
    ▀██▄  ▀██▄  ▀█  ▄██▀  ▄██▀  ▄██▀
      ▀██▄  ▀██▄  ▄██▀  ▄██▀  ▄██▀
        ▀██▄  ▀████▀  ▄██▀  ▄██▀
          ▀██▄  ▀▀  ▄██▀  ▄██▀
            ▀██▄  ▄██▀  ▄██▀
              ▀████▀  ▄██▀
                ▀▀  ▄██▀
                   ▀▀▀
  T r i p p k i..
makes travel more rewarding
      ─ ─── ────..Hotel Booking & Rewards Platform
     ▄▄██████▄▄
  ▄██████████████▄
▐██████▀    ▀██████▌
██████▌      ▐██████
▐██████▄    ▄██████▌
 ▐████████████████▌
   ▀████████████▀
     ▐█████████
       ███████
        █████
         ███
          ▀
.Valuable Rewards.     ▄▄██████▄▄
  ▄██████████████▄
▐██████▀    ▀██████▌
██████▌      ▐██████
▐██████▄    ▄██████▌
 ▐████████████████▌
   ▀████████████▀
     ▐█████████
       ███████
        █████
         ███
          ▀
.Better Relationship.     ▄▄██████▄▄
  ▄██████████████▄
▐██████▀    ▀██████▌
██████▌      ▐██████
▐██████▄    ▄██████▌
 ▐████████████████▌
   ▀████████████▀
     ▐█████████
       ███████
        █████
         ███
          ▀
.Distributed Ecosystem.
,
,
.Buy TRIP Tokens.
Join our Telegram
Discuss in Bitcointalk
poplolnman
Legendary
*
Offline Offline

Activity: 1190



View Profile
March 14, 2017, 11:33:47 PM
 #390

There are many different situations and aspects for bitcpin to die. First one when all bitcoins are mined : Now we all know bitcoin has a supply limit so after all bitcoins are mined people will start selling their coins as price growth will be low and mostly by 2060 it will be over.
Other thing that can happen is countries banning the use of bitcoin or actually holding any coins or in online wallets.

i'm not sure with your statement, even though the whole bitcoin has been mined which estimated in the next 100 years not 50 or 40 years. miner would always needed to proccess the transaction , so it's not the reason bitcoin gonna die, things could make bitcoin die and disappear are when there's no interest in bitcoin due too high fee and too long confirmation proccess for example.

FORTUNEJACK.COM[
                            
9 BTC WELCOME PACK FOR 1ST 5 DEPOSITS
FREE 1,000 mBTC daily for LuckyJack winners
[
          
]
Jenny Moll
Hero Member
*****
Offline Offline

Activity: 588


View Profile
March 14, 2017, 11:49:43 PM
 #391

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
That would be the most probable scenario for a "dead Bitcoin", too. No demand, no users, no transactions. Everyone does not use it, it seems impossible. The current deal is unstoppable。The only possibility is that later can not solve the problem of congestion.By that time, it is really dead。

=
  R E B E L L I O U S 
  ▄▀▀▀▀▀▄▄                           ▄▄▀▀▀▀▀▄
▄▀        █▄▄                     ▄▄█        ▀▄
█            █████████████████████            █
█▄          ██       ██ ██       ██          ▄█
█        █            █            █        █
  █    █               █               █    █
   █ ██               █ █               ██ █
    █ █               █ █               █ █
    █ ███▄  █████▄   ██ ██   ▄█████  ▄███ █
    █     ███     █         █     ███     █
     █   █   ▀███ █  █   █  █ ███▀   █   █
     █   █      █ █  █   █  █ █      █   █
     █   █      ██  █     █  ██      █   █
      █  █     ██  █       █  ██     █  █
      █  █    ██  █ ███████ █  ██    █  █
      █ ███   ██  █         █  ██   ███ █
       █   ▀███      █   █      ███▀   █
        █     ██       █       ██     █
         █      █   ▄▄███▄▄   █      █
          ███   ███▀       ▀███   ███
             █████           █████
                  ███████████
  ▄▀▀▀▀▀▄▄                           ▄▄▀▀▀▀▀▄
▄▀        █▄▄                     ▄▄█        ▀▄
█            █████████████████████            █
█▄          ██       ██ ██       ██          ▄█
█        █            █            █        █
  █    █               █               █    █
   █ ██               █ █               ██ █
    █ █               █ █               █ █
    █ ███▄  █████▄   ██ ██   ▄█████  ▄███ █
    █     ███     █         █     ███     █
     █   █   ▀███ █  █   █  █ ███▀   █   █
     █   █      █ █  █   █  █ █      █   █
     █   █      ██  █     █  ██      █   █
      █  █     ██  █       █  ██     █  █
      █  █    ██  █ ███████ █  ██    █  █
      █ ███   ██  █         █  ██   ███ █
       █   ▀███      █   █      ███▀   █
        █     ██       █       ██     █
         █      █   ▄▄███▄▄   █      █
          ███   ███▀       ▀███   ███
             █████           █████
                  ███████████
  R E B E L L I O U S
shinratensei_
Hero Member
*****
Offline Offline

Activity: 770



View Profile
March 15, 2017, 12:31:14 AM
 #392

quantum computers mean death of crypto/btc  Grin

I saw this several times, what "quantum computers" means exactly? And how that can be the end of the blockchain? I will search for answers, but I would like to here what community have to say about it.
Bitcoin will not die anytime soon, I doubt that whole world can stay without electricity, fee's are not the same for every wallet, waiting for transaction to confirm will be solved, so I don't see any good reason for bitcoin to die.
https://en.wikipedia.org/wiki/Quantum_computing
In some theorys, the quantum computing will be threatened bitcoin because he can break the algorithm such as SHA 256 which it is currently used by bitcoin.

looks like the quantum computing still on the theory.

██
█║█
║║║
║║║
█║█
██
'BTC MULTI-WALLET SOON'
▬▬▬▬ Download WHITEPAPER ▬▬▬▬

                    ▄██▄
                  ▄██████▄
                ▄██████████
              ▄██████████▀   ▄▄
            ▄██████████▀   ▄████▄
          ▄██████████▀    ████████▄
         ██████████▀      ▀████████
         ▀███████▀   ▄███▄  ▀████▀   ▄█▄
    ▄███▄  ▀███▀   ▄███████▄  ▀▀   ▄█████▄
  ▄███████▄      ▄██████████     ▄█████████
  █████████    ▄██████████▀    ▄██████████▀
   ▀█████▀   ▄██████████▀    ▄██████████▀
     ▀▀▀   ▄██████████▀    ▄██████████▀
          ██████████▀    ▄██████████▀
          ▀███████▀      █████████▀
            ▀███▀   ▄██▄  ▀█████▀
                  ▄██████▄  ▀▀▀
                  █████████
                   ▀█████▀
                     ▀▀▀
e i d o o
██

███▀▀
▐▐▌
▐▌
▐▌
▐▐▌
███▄▄
▀▀███
▐▌▌
▐▌
▐▌
▐▌▌
▄▄███
RedX
Sr. Member
****
Online Online

Activity: 294



View Profile
March 15, 2017, 01:02:38 AM
 #393

I think there is just a small chance that bitcoin would die. Maybe in the future, bitcoin will face some kind of technical issues that will questiond its credibility but i dont think it will vanish. But anything can happen you know like worldwide natural phenomenon that will lead the uselessness of bitcoin.

Winner
Legendary
*
Offline Offline

Activity: 924


"Flixxo - Watch, Share, Earn!"


View Profile
March 15, 2017, 01:34:58 AM
 #394

If there was a Solar flare or some sort that damaged the communications of the technology within earth then the whole cryptocurrency thing will be useless. I think if that happens then computers and Bitcoins will be just a thing of the past and the people of the next generation won't know what Bitcoin was. Since this is only a guess there wouldn't be anyone friendly to talk to in that setting I would think because people would be trying to do some disturbing things against each other to survive.

X       ▄▄█████████▄▄
    ▄██▀▀         ▀▀██▄
  ▄██▀              ▀██▄
 ▄██     ██▄▄          ██▄
▄██      █████▄▄        ██▄
██       ████████▄▄      ██
██       ███████████▄    ██
██       ██████████▀     ██
▀██      ███████▀       ██▀
 ▀██     ████▀         ██▀
  ▀██▄   █▀          ▄██▀
    ▀██▄▄         ▄▄██▀
       ▀▀█████████▀▀
.flixxo    X▄████████████████████▄
██████████████████████
██████████████████████
████████████▀▀███████
█████▀████░░░░░░▄████
█████░░░░▀░░░░░▄█████
█████▄░░░░░░░░░░██████
██████░░░░░░░░░███████
███████░░░░░░▄████████
████▄▄░░░░▄▄██████████

██████████████████████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████████▀█▀██████████
██████▀▀▀▀▀████████
██████▄▄░░▄▄▄░░███████
████████░░███░░███████
████████░░░░░░▀███████
████████░░███▄░░██████
██████▀▀░░▀▀▀░░░██████
██████▄▄▄▄▄▄███████
█████████▄█▄██████████

██████████████████████
▀████████████████████▀
X[[]]X
boyptc
Hero Member
*****
Offline Offline

Activity: 630


★777Coin.com★ Fun BTC Casino!


View Profile
March 15, 2017, 01:43:39 AM
 #395

There are many different situations and aspects for bitcpin to die. First one when all bitcoins are mined :

I don't think when all bitcoins has been mined it's the end of bitcoin or it will die soon. The cycle will keep on going and bitcoin isn't going to die that way. Total amount of quantity of bitcoin will have a divide portion for the pricing of it and it will be distributed.

Now we all know bitcoin has a supply limit so after all bitcoins are mined people will start selling their coins as price growth will be low and mostly by 2060 it will be over.
Other thing that can happen is countries banning the use of bitcoin or actually holding any coins or in online wallets.

I agree with the banning, it can be dead on that particular country but not for the whole bitcoin economy.

Fityan
Jr. Member
*
Offline Offline

Activity: 55


View Profile
March 15, 2017, 01:54:41 AM
 #396


But I think bitcoin soon will not be able to be buyer by anyone
i agree,of course bitcoin will die and cannot traded anymore,its happen when something new and bigger comeout,and its better than bitcoin,maybe less fee or faster transaction. bu no one can predict when the bitcoin will die.

fabianabank
Jr. Member
*
Offline Offline

Activity: 54


View Profile
March 15, 2017, 10:58:13 AM
 #397


I mean, I believe that soon the values ​​will not be more accessible to everyone, think how you valued since its inception, it will be a goldmine

fabianabank
Jr. Member
*
Offline Offline

Activity: 54


View Profile
March 15, 2017, 11:09:42 AM
 #398

the time is now to buy and save, cause i think this:
The price will not be cheaper, if we guard something The market will always have some, which prevents bitcoin from dying

NEWGOODOUBLE
Sr. Member
****
Offline Offline

Activity: 476


View Profile
March 15, 2017, 11:36:56 AM
 #399

I think there is just a small chance that bitcoin would die. Maybe in the future, bitcoin will face some kind of technical issues that will questiond its credibility but i dont think it will vanish. But anything can happen you know like worldwide natural phenomenon that will lead the uselessness of bitcoin.
this time even if the problem is coming as the length of time the confirmation, the greater the fee, etc, if the problem is not addressed will certainly impact bad for the future of bitcoin and the life of bitcoin itself
angkasaz
Member
**
Offline Offline

Activity: 119



View Profile
March 15, 2017, 11:56:55 AM
 #400

if all goverment from around the world is banned btc , mostly impossible

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 ... 92 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!