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Author Topic: In what situation would Bitcoin die?  (Read 96028 times)
Yamato Tatsuki
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March 17, 2017, 03:18:56 PM
 #421

Well my friend, as long as computers and other smartphones have access to the internet, cryptocurrencies would not end. People always find ways to make transactions easier... before mp3 there was CD, before CD there was cassette... and be honest my friend, sending mp3 is much easier compared to sending cassettes via FedEx.

so as bitcoins. before bitcoins there was paper money  Grin

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March 17, 2017, 03:33:28 PM
 #422

if all goverment from around the world is banned btc , mostly impossible
yes i do not think that a single country is going to bane bitcoin because bitcoin is now so much popular that government is now compel to make bitcoin legalize.
You can not know whether a person is using Bitcoin or not because Satoshi developed the blockchain and the anonymity for it. Therefore, if the government ban Bitcoin, the people still know how to use it without being arrested



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March 17, 2017, 04:13:52 PM
 #423

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.
This interesting, when bitcoin has been mined of course there is no mining activity, as far as i know mining is needed to ensure fairness and for keeping the network safe and stable, for example prevent double spending. So the question is who will verify the transaction after all of the bitcoins has been mined, i just don't get it. As for me, i truly believe that law of supply and demand has an effect on bitcoin, bitcoin would die or not it depends on demand, if no one use or buy it then it would be die.

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March 17, 2017, 08:41:59 PM
 #424

The end of any other crypto not named bitcoin can be very fast since the investors could just dump the coin and the confidence in the coin plummets, or the devs stop their work and run away with their money, but bitcoin is a lot stronger and I don’t see it dying fro any reason.
the project was too great to be abandoned , that was not reasonable.

bitcoin user has been spread around the world , no matter how much investor dump bitcoin it will not affected too much. the other investor ready to pump it back. the only concern i have are when bitcoin required internet access , then when no internet then no bitcoin transaction , means it is dead.
the ups and down is the nature of bitcoin but in fact the users of bitcoin are increasing from time to time and which is making bitcoin more and more popular and stronger. so bitcoin will continue for a long time.
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March 17, 2017, 08:54:55 PM
 #425

The biggest obstacle for bitcoin is   developers cant find agreement,how investors can find btc worth to invest if devs are making war advertised in media


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March 17, 2017, 09:05:32 PM
 #426

Why don't think we should be worried about this case today because the bitcoin is well and won't die like that tomorrow. I think that if more people will use bitcoin in the following years, then bitcoin will be really good.
However this true that we are not totally protected to persons that hack IP adresses, and it that case, we can lost every single money that we have just because someone is smarter and hacked your account.
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March 17, 2017, 09:22:01 PM
 #427

The end of any other crypto not named bitcoin can be very fast since the investors could just dump the coin and the confidence in the coin plummets, or the devs stop their work and run away with their money, but bitcoin is a lot stronger and I don’t see it dying fro any reason.
the project was too great to be abandoned , that was not reasonable.

bitcoin user has been spread around the world , no matter how much investor dump bitcoin it will not affected too much. the other investor ready to pump it back. the only concern i have are when bitcoin required internet access , then when no internet then no bitcoin transaction , means it is dead.
the ups and down is the nature of bitcoin but in fact the users of bitcoin are increasing from time to time and which is making bitcoin more and more popular and stronger. so bitcoin will continue for a long time.

Yeah and I don't think that bitcoin will die so early as it is still in its younger age and becoming more popular day by day and we will see more people who will start using bitcoins in future which will make bitcoin as a stronger currency and bitcoin is a long term player for sure.


 
 
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March 17, 2017, 09:38:46 PM
 #428

The end of any other crypto not named bitcoin can be very fast since the investors could just dump the coin and the confidence in the coin plummets, or the devs stop their work and run away with their money, but bitcoin is a lot stronger and I don’t see it dying fro any reason.
the project was too great to be abandoned , that was not reasonable.

bitcoin user has been spread around the world , no matter how much investor dump bitcoin it will not affected too much. the other investor ready to pump it back. the only concern i have are when bitcoin required internet access , then when no internet then no bitcoin transaction , means it is dead.
the ups and down is the nature of bitcoin but in fact the users of bitcoin are increasing from time to time and which is making bitcoin more and more popular and stronger. so bitcoin will continue for a long time.

Yeah and I don't think that bitcoin will die so early as it is still in its younger age and becoming more popular day by day and we will see more people who will start using bitcoins in future which will make bitcoin as a stronger currency and bitcoin is a long term player for sure.

I also believe in bitcoin. But I see that he has some disadvantages that can kill him. Long transactions are a big problem. If this problem is not solved, large shops may refuse to use bitcoins
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March 17, 2017, 10:43:20 PM
 #429

If the transactions will be slower and slower and if that happens then it means that the miners are getting few and the foundation of the network will be weaker and weaker and that will be the start for bitcoin to die because there nothing who supports bitcoin and maybe bitcoin users will transfer to another and better coin.
Yeah. You're right but it not only if the transaction are slower could make bitcoin die. Electricity is the main thing that could quench bitcoin because almost every part of the crypto currency world base on electricity including the block chain either



The speed of transaction is only going to slower adoption since people are going to find unpractical to use bitcoin for things that requires a speedy confirmation, but I don’t think it has the potential to kill bitcoin but without a doubt something must be done about it.



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HAS BEEN RELEASED!


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March 17, 2017, 11:01:28 PM
 #430

The end of any other crypto not named bitcoin can be very fast since the investors could just dump the coin and the confidence in the coin plummets, or the devs stop their work and run away with their money, but bitcoin is a lot stronger and I don’t see it dying fro any reason.
the project was too great to be abandoned , that was not reasonable.

bitcoin user has been spread around the world , no matter how much investor dump bitcoin it will not affected too much. the other investor ready to pump it back. the only concern i have are when bitcoin required internet access , then when no internet then no bitcoin transaction , means it is dead.
the ups and down is the nature of bitcoin but in fact the users of bitcoin are increasing from time to time and which is making bitcoin more and more popular and stronger. so bitcoin will continue for a long time.

Yeah and I don't think that bitcoin will die so early as it is still in its younger age and becoming more popular day by day and we will see more people who will start using bitcoins in future which will make bitcoin as a stronger currency and bitcoin is a long term player for sure.
yes to me i think bitcoin will continue for ever and not going to die in any case. in fact the users of bitcoin are increasing continuously therefore bitcoin now becoming more and most stronger.
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March 17, 2017, 11:08:18 PM
 #431

bitcoin will die if internet connection is die too, because we can't access it without internet and it will die when people's find new future money which it's better than bitcoin, and more valuable from bitcoin,low fees and fast transaction



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Jewell
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March 17, 2017, 11:50:29 PM
 #432

The end of any other crypto not named bitcoin can be very fast since the investors could just dump the coin and the confidence in the coin plummets, or the devs stop their work and run away with their money, but bitcoin is a lot stronger and I don’t see it dying fro any reason.
the project was too great to be abandoned , that was not reasonable.

bitcoin user has been spread around the world , no matter how much investor dump bitcoin it will not affected too much. the other investor ready to pump it back. the only concern i have are when bitcoin required internet access , then when no internet then no bitcoin transaction , means it is dead.
the ups and down is the nature of bitcoin but in fact the users of bitcoin are increasing from time to time and which is making bitcoin more and more popular and stronger. so bitcoin will continue for a long time.

Yeah and I don't think that bitcoin will die so early as it is still in its younger age and becoming more popular day by day and we will see more people who will start using bitcoins in future which will make bitcoin as a stronger currency and bitcoin is a long term player for sure.

I also believe in bitcoin. But I see that he has some disadvantages that can kill him. Long transactions are a big problem. If this problem is not solved, large shops may refuse to use bitcoins
yes bitcoin deserve to believe on it. i think that bitcoin is the most trusted currency of the world and we can see that now people are investing a lot of money in bitcoin as they have fullly confident on bitcoin.
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March 18, 2017, 02:03:42 AM
 #433

I think bitcoin will die if everyone store it and will not use. Second is if no one use bitcoin and if not accepted in online shop.

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March 18, 2017, 02:34:59 AM
 #434

Bitcoin would die if people stop using it and will become worthless but despite the countless price bubbles that occured with bitcoin and despite being a volatile currency, bitcoin still manage to have comeback.
Bitcoin has died to many times but the trust of the users and the community that bitcoin gained through the years will keep this digital currency alive.

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March 18, 2017, 03:30:32 AM
 #435

bitcoin will die if internet connection is die too, because we can't access it without internet and it will die when people's find new future money which it's better than bitcoin, and more valuable from bitcoin,low fees and fast transaction
Right now the internet plays the key role in the digital money growth. Bitcoin dies if none is there to take bitcoin to the technology upliftment same as what's happening right now. Some other digital currency taking power over bitcoin will surely cause a negative impact on the growth but till 21 million gets mined no need to think about death.



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March 18, 2017, 04:48:45 AM
 #436

I think bitcoin will die if everyone store it and will not use. Second is if no one use bitcoin and if not accepted in online shop.

Almost everybody and their mothers are already keeping bitcoin and treating it as an investment rather than a currency and that is happening already for almost 2 years now. As of this moment, many are still in the speculating game but btc keeps on rising and rising (in value) but the usage is at all time low. Bitcoin will not die that easily, though. It will take a lot more than that.

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March 18, 2017, 07:14:14 AM
 #437

I think bitcoin will die if everyone store it and will not use. Second is if no one use bitcoin and if not accepted in online shop.
I think what you say will be impossible. impossible all users will store all bitcoin them simultaneously. and seems to have a lot of stores that start accepting bitcoin now Cheesy



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March 18, 2017, 07:15:50 AM
 #438

when people stop using it
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March 18, 2017, 08:54:35 AM
 #439

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.
This interesting, when bitcoin has been mined of course there is no mining activity, as far as i know mining is needed to ensure fairness and for keeping the network safe and stable, for example prevent double spending. So the question is who will verify the transaction after all of the bitcoins has been mined, i just don't get it. As for me, i truly believe that law of supply and demand has an effect on bitcoin, bitcoin would die or not it depends on demand, if no one use or buy it then it would be die.

Even without the rewards, there will be people mining bitcoins just to continue the network running. Those people will mostly be those people that have invested enough money in here to worry about their investment going to waste just because no one's maintaining the network. I will not worry about it that much since I'm not going to be the only one affected by it. You can even mine yourself if you're so bothered.

We're far from that time so there's no point in problematizing the idea.


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March 18, 2017, 09:55:33 AM
 #440

bitcoin will die if internet connection is die too, because we can't access it without internet and it will die when people's find new future money which it's better than bitcoin, and more valuable from bitcoin,low fees and fast transaction
Right now the internet plays the key role in the digital money growth. Bitcoin dies if none is there to take bitcoin to the technology upliftment same as what's happening right now. Some other digital currency taking power over bitcoin will surely cause a negative impact on the growth but till 21 million gets mined no need to think about death.
Internet is the technology of the future. if the Internet is dead then the future will be threatened. so I think the internet will never die. Internet will continue to live as a major requirement of the human



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