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Author Topic: In what situation would Bitcoin die?  (Read 96013 times)
anthhonio
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April 02, 2017, 11:28:39 PM
 #581

i m not sure ppl will stop buyn bitcoin

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April 02, 2017, 11:31:08 PM
 #582

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
It may happen when quantum computing will be introduced.But it would take around twenty years from now for quantum computing to be introduced.Appropriate developments should be made to face such situations.

I doubt that the problem is in quantum computers. Bitcoin has other more important problems. For example, government failure, the possibility of a split, long transactions
i do not think that there are such big problems related to bitcoin. may be sum issues are there which should be solve in priority basis but still i do not think that there are such big problems related to bitcoin.



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April 02, 2017, 11:43:10 PM
 #583

i m not sure ppl will stop buyn bitcoin
Bitcoin is unstoppable and people always tend to buy it because of the benefits we could get from it. I don't see any reason now that can make BTC die. Whatever the issues come in, it is not easily be destroyed; we have already trust on bitcoin. Even the government can't do anything, we can hide and stay anonymous.

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NEWGOODOUBLE
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April 03, 2017, 12:30:37 AM
 #584

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
It may happen when quantum computing will be introduced.But it would take around twenty years from now for quantum computing to be introduced.Appropriate developments should be made to face such situations.

I doubt that the problem is in quantum computers. Bitcoin has other more important problems. For example, government failure, the possibility of a split, long transactions
i do not think that there are such big problems related to bitcoin. may be sum issues are there which should be solve in priority basis but still i do not think that there are such big problems related to bitcoin.
for now there is no problem too big that exist in bitcoin. but no one knows what the problems to be faced by the bitcoin in the next few years? and quite possibly it could make bitcoin die
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April 03, 2017, 12:37:54 AM
 #585

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
It may happen when quantum computing will be introduced.But it would take around twenty years from now for quantum computing to be introduced.Appropriate developments should be made to face such situations.

I doubt that the problem is in quantum computers. Bitcoin has other more important problems. For example, government failure, the possibility of a split, long transactions
i do not think that there are such big problems related to bitcoin. may be sum issues are there which should be solve in priority basis but still i do not think that there are such big problems related to bitcoin.
for now there is no problem too big that exist in bitcoin. but no one knows what the problems to be faced by the bitcoin in the next few years? and quite possibly it could make bitcoin die

Who told that their is no problem exist in bitcoin, right now the big problem in bitcoin is the transaction confirmation delay due to small blocks. until this problem is not solved it will surely make bitcoin die in long term as the days are passing the transaction size is growing which is making delay in transaction confirmation and due to this who ever is paying high transaction fees gets his transaction confirmed fast and this is making bitcoin less famous as it will become costly transaction like paypal we are paying high transaction fees. But they will find the solution very soon














 

 

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Mvaporis1961
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April 03, 2017, 01:09:25 AM
 #586

When something even better is created and people transfer to that and everyone will stop using bitcoin. I think that will be the only way for bitcoin to die.
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April 03, 2017, 01:11:53 AM
 #587

if ppl stop buyn btc  then bitcoin will die or if government does not accept ppl using bitcoin..

i wish bitcoin never die Smiley Smiley Smiley Smiley
of course if the user does not buy bitcoin there would be no demand so it can make bitcoin die. but a government ban will not make bitcoin die dude

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meelvanchris
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April 03, 2017, 03:22:34 AM
 #588

if ppl stop buyn btc  then bitcoin will die or if government does not accept ppl using bitcoin..

i wish bitcoin never die Smiley Smiley Smiley Smiley
of course if the user does not buy bitcoin there would be no demand so it can make bitcoin die. but a government ban will not make bitcoin die dude

Yeah unless people will continue to use bitcoin will survive and no Government can interfere in it as it is a decentralized currency and it can die in future only the demand of bitcoin goes to zero and everyone stops using it but I don't think it will ever happen.



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centralbanksequalsbombs
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April 03, 2017, 03:33:33 AM
 #589

if ppl stop buyn btc  then bitcoin will die or if government does not accept ppl using bitcoin..

i wish bitcoin never die Smiley Smiley Smiley Smiley
of course if the user does not buy bitcoin there would be no demand so it can make bitcoin die. but a government ban will not make bitcoin die dude

Yeah unless people will continue to use bitcoin will survive and no Government can interfere in it as it is a decentralized currency and it can die in future only the demand of bitcoin goes to zero and everyone stops using it but I don't think it will ever happen.

Agree. Government interference or "REGULATIONS" will hurt bitcoin.

Segwit / Scaling / Blocksize increases would destroy bitcoin.

However, bitcoin is nearly an unbreakable store of value solidified by the beautiful COMBINATION of being decentralized with limited small blocksize, immutable, cryptographically secured, scarce as it is limited in supply (21mil ceiling) and established over many many years. Its not one of these features, its not a combination of two or three of these features, but ALL of these features that make it the most secure store of value that can be transmitted globally through a communications channel.

Beware of those who say Bitcoin needs "fixes" or "solutions" and "something needs to be done now". Any "fixes" or "solutions" are easily introduce-able to altcoins so it makes great sense to start there than to undermine and hurt bitcoin.

No need to harm a system that many people around the world from Europe to India to Russia to Americas to China rely on.

Further points to ponder with more-in depth reading re:Bitcoin here:
"Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0
"How give scaling & buy coffee with Pokemon Go or Gold or Stocks or ...please?" https://bitcointalk.org/index.php?topic=1851655.0

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April 03, 2017, 03:46:07 AM
 #590

Bitcoin can die in future if it faces a tough competition from any newly launched coin and that is possible as technology is advancing and anything is possible in future so in that case bitcoin can die or simply disappear from the crypto world.



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April 03, 2017, 03:56:03 AM
 #591

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Actually this is a factor of the view of the countries toward the bitcoin .
Some of the countries are thinking the bitcoin  is responsible for the flow of the money from.the country to outside without any control ( but opposite of the they are not thinking that the amount of money is also coming )
Many of the countries are making question for the bitcoin legality but no correct answer they got Because the government is not using bitcoin .
Well here I don't think it will die because this is online and no one can stop us to use it in any way , And here the big step by the Japan to use bitcoin as officially legal will support bitcoin more and more and this will result into increase in the favour of bitcoin life .


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April 03, 2017, 03:59:04 AM
 #592

Bitcoin can die in future if it faces a tough competition from any newly launched coin and that is possible as technology is advancing and anything is possible in future so in that case bitcoin can die or simply disappear from the crypto world.
Eventually, it has a very small amount of probabilty that it will happen since the origin of crypto currency was originated in bitcoin. Hence, there would be no crypto currency without bitcoin. Speculations regarding how bitcon would die are just perception of someone, thus there is no certain event that would happen in future.

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April 03, 2017, 04:32:19 AM
 #593

Bitcoin can die in future if it faces a tough competition from any newly launched coin and that is possible as technology is advancing and anything is possible in future so in that case bitcoin can die or simply disappear from the crypto world.
Eventually, it has a very small amount of probabilty that it will happen since the origin of crypto currency was originated in bitcoin. Hence, there would be no crypto currency without bitcoin. Speculations regarding how bitcon would die are just perception of someone, thus there is no certain event that would happen in future.

Bitcoin will only die if the price of bitcoin goes back to 0 level and I don't think that is possible to happen in near future and even if price falls back to $100 it will still keep on surviving and will bounce back and show its true colors in future again.

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April 03, 2017, 04:37:22 AM
 #594

if ppl stop buyn btc  then bitcoin will die or if government does not accept ppl using bitcoin..

i wish bitcoin never die Smiley Smiley Smiley Smiley
of course if the user does not buy bitcoin there would be no demand so it can make bitcoin die. but a government ban will not make bitcoin die dude

Yeah unless people will continue to use bitcoin will survive and no Government can interfere in it as it is a decentralized currency and it can die in future only the demand of bitcoin goes to zero and everyone stops using it but I don't think it will ever happen.
Maybe, only the Government could make this bitcoin will be die, How?
They severely all activities relating to the bitcoin and capture anyone of its users,
maybe it will make the users of Bitcoin stop using it, if there are no users of course Bitcoin will be die.

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April 03, 2017, 04:57:14 AM
 #595

There are many ways on how bitcoins and other cryptocurrency may end and be die.One of the biggest threats is data base shut down or unexpected huge error on the network.Also demand problems will do a big problem too.I think legality issues will not affect  bitcoins and other cryptocurrency.


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April 03, 2017, 05:24:14 AM
 #596

There are many ways on how bitcoins and other cryptocurrency may end and be die.One of the biggest threats is data base shut down or unexpected huge error on the network.Also demand problems will do a big problem too.I think legality issues will not affect  bitcoins and other cryptocurrency.

What you mean, do find official thread or announcement about the block chain database gonna close. These kind of trolling threads always speaks about bitcoin dead or price dump and etc..
Bitcoin is always fluctuatations but being stable and increasing every year with the recent amount.


 
 
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April 03, 2017, 05:29:49 AM
 #597

There are many ways on how bitcoins and other cryptocurrency may end and be die.One of the biggest threats is data base shut down or unexpected huge error on the network.Also demand problems will do a big problem too.I think legality issues will not affect  bitcoins and other cryptocurrency.

..
Bitcoin is always fluctuatations but being stable and increasing every year with the recent amount.

Bitcoin still volatile compare with other investment like gold.
Since bitcoin mostly powered by internet , I think it will die if internet also die but the chance of happening is very low. ( internet shut down usually cause by major catastrophe )

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April 03, 2017, 05:40:42 AM
 #598

There are many ways on how bitcoins and other cryptocurrency may end and be die.One of the biggest threats is data base shut down or unexpected huge error on the network.Also demand problems will do a big problem too.I think legality issues will not affect  bitcoins and other cryptocurrency.

data base shut down? you know that bitcoin is decentralized? there is no single server that handle or transaction or anything like that you have in mind, and there is no "huge error" on the network also at worst an exploit or bug like in 2010

but the code was still too fresh back then and dev were still learning, doubt something like that will happen again...and again legality issue will not kill bitcoin unless every country declare it illegal and put you in jail if you use it, which will never happen
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April 04, 2017, 12:45:43 AM
 #599

I dont think that bitcoin will just one day die, imo if it was going to happen it would be a slow descent into irrelevance or into a very niche area only used by a handful of people like in the beginning.

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April 04, 2017, 07:08:02 AM
 #600

There are many ways on how bitcoins and other cryptocurrency may end and be die.One of the biggest threats is data base shut down or unexpected huge error on the network.Also demand problems will do a big problem too.I think legality issues will not affect  bitcoins and other cryptocurrency.

Database error, sure. Because that's how other systems go down. But bitcoin is different. It's decentralized. There will be no "unexpected huge error" in the network as it is constructed perfectly. Legality issues surely will not affect bitcoins because they didn't go that way. They didn't ask permission from the government or whatever.

Where did you even gets these ideas? You just thought of it yourself? Then you don't know what bitcoin really is. If you read this from some article, read below the whole thing because it might be just some April Fool's post once again. Or some troll just told you this. Everytime you read something, I suggest that you do a quick google search to confirm it before believing that it's real.


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