Bitcoin Forum
March 28, 2024, 04:53:04 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 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 71 72 73 74 75 76 77 78 79 80 81 82 83 [84] 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 »
  Print  
Author Topic: In what situation would Bitcoin die?  (Read 101739 times)
yourialfa
Sr. Member
****
Offline Offline

Activity: 339
Merit: 250



View Profile
October 09, 2017, 10:45:17 AM
 #1661

I think bitcoin will die if there is no more internet. because the internet may be the key to using bitcoin. sorry if my word is wrong
1711644784
Hero Member
*
Offline Offline

Posts: 1711644784

View Profile Personal Message (Offline)

Ignore
1711644784
Reply with quote  #2

1711644784
Report to moderator
1711644784
Hero Member
*
Offline Offline

Posts: 1711644784

View Profile Personal Message (Offline)

Ignore
1711644784
Reply with quote  #2

1711644784
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711644784
Hero Member
*
Offline Offline

Posts: 1711644784

View Profile Personal Message (Offline)

Ignore
1711644784
Reply with quote  #2

1711644784
Report to moderator
1711644784
Hero Member
*
Offline Offline

Posts: 1711644784

View Profile Personal Message (Offline)

Ignore
1711644784
Reply with quote  #2

1711644784
Report to moderator
the_hillman
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
October 09, 2017, 11:07:42 AM
 #1662

I don't think it will ever die because of its decentralised nature. However for everyday use, general adoption, and the price it is currently at right now, I think it would be decimated if the main FIAT countries banned all on the on/off-ramps, exchanges etc and made it insanely difficult for purchases to be made with it.
MS.LAWLIET
Full Member
***
Offline Offline

Activity: 221
Merit: 100


View Profile
October 09, 2017, 11:12:53 AM
 #1663

There are lots of things that could able to make bitcoin die. 1st. No one will use any cryptocurrency 2nd. There would be a new crypto that would replace bitcoin 3rd. No internet 4th. All government would ban it globally. and there are lots to mention but still we know that bitcoin wont die easily.

I agree with you, the first thing that comes into my mind about what could make bitcoin die is that if it will be banned by all the government world wide in that case it's for sure that no one will earn bitcoin because it will lose it's value. But because of the increasing number of bitcoin users that would be impossible.
Xester
Hero Member
*****
Offline Offline

Activity: 994
Merit: 544



View Profile
October 09, 2017, 11:13:49 AM
 #1664

I think it would die or stop if the government cut down or totally shutdown the internet .
That's the only situation that I could think of that would make the bitcoin die.

Yes, if each country orders to cut down or ban bitcoin then bitcoin will die.  And well in any case it will still be running but it will be called illegal.  It will die if there would be no more internet but again that would be impossible.  Bitcoin will die maybe if all the bitcoins are earned, are saved, are held and something like no one will be able to spend their bitcoins.  Because there would be no more for rotation.  Plus it will die if no one will support it anymore.
Lykslyks
Full Member
***
Offline Offline

Activity: 258
Merit: 101


View Profile
October 09, 2017, 11:31:41 AM
 #1665

I only see it that it would happen if apocalypse really destroys most of our planets' habitats and resources. There's no way that bitcoin still has use on that situation.

Nope. There can be many other scenarios. Imagine what will happen if a better competitor emerges and starts replacing the Bitcoin. Or imagine what will happen, if the hackers are able to crack the private keys to the Bitcoin wallets in the distant future.

I agree! In my opinion, hackers are hackers, they will do anything they can to hack not just bitcoin wallets but i assume that they will hack the bitcoins system too! After doing these things i'm sure that they will start something that could replcae bitcoin. Aside from these things we are not sure how the government and regulations will handle the continuous growth of bitcoin. If each countries governmebt decided to ban it in tgeir countries, bitcoin will die.
DaftAjax
Sr. Member
****
Offline Offline

Activity: 532
Merit: 284



View Profile
October 09, 2017, 11:53:02 AM
 #1666

I feel in situation if the electrons out of the blue refuse to operate all above the world, Bitcoin would die. As effectively as a milk in your fridge  
What? I don't understand this, I don't even know any of your statement. But if I somehow understand some of it, it may happen only just in one condition. I've watched one documented video some time ago and, it explained that somewhere in the atmosphere, like stratosphere or something that, if a nuclear bomb explodes in that specific area of the atmosphere it would cause an Electromagnetic Pulse and makes all electronic devices basically get fried and won't work, its like electricity didn't even invented at all.

|████████████████████████████
██████▀  ▀█████████▀ ▀██████
████▀      ▀█████▀     ▀████
███▀        ▀███         ███
███▄        ▄████▄     ▄████
██████▀  ▀█████████▄ ▄██████
████████████████████████████
████▀▀▀██▀▀▀██████▀   ▀█████
███          █████▄   ▄█████
███▄        ▄███▀  ▀ ▀  ▀███
████▄      ▄████▄  ▄ ▄  ▄███
███████▄▄██████████▄▄▄██████
████████████████████████████
████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████
▄█████████▀    ▄████▀   ▄██▀
 ▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████████████████  █████
██████████▀ ▀███████████████
▄███████▀     ▀██████  ████▄
███████         ████████████
▀███████▄     ▄██████  ████▀
██████████▄ ▄███████████████
█████████████████████  █████

 ▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀▀▀▀▀    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄████████████▀  ▄███▀  ▄███▀
████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████
|         ▄▄████▄▄       
     ▄▄█████▀▀█████▄▄   
 ▄▄█████▀▀      ▀▀█████▄▄
████▀▀              ▀▀████
███       ▄▄████▄▄     ███
███   ▄▄█████▀▀█████▄▄ ███
███▄█████▀▀      ▀▀███████
█████▀▀    ▀█████▀   ▀▀███
███         ▀█▀▀███▄▄    ▀
████▄▄            ▀▀███▄ 
 ▀▀█████▄▄      ▄▄█████▀ 
     ▀▀█████▄▄█████▀▀     
         ▀▀████▀▀         
Acewins.io|████████████████████████████
████████████████████████████
██████████  ██  ████████████
████████         ▀██████████
██████████  ████▄  █████████
██████████  ████▀  █████████
██████████          ▀███████
██████████  ███████  ███████
████████▀▀  ▀▀▀▀▀▀  ▄███████
████████▄▄  ▄▄  ▄▄▄█████████
██████████▄▄██▄▄████████████
████████████████████████████
████████████████████████████
████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████
|||
Napole0n
Sr. Member
****
Offline Offline

Activity: 579
Merit: 309


View Profile
October 09, 2017, 12:06:43 PM
 #1667

Bitcoin immediately die if there is no internet connection because the internet is the soul of bitcoin, rest assured that bitcoin banned without being followed off the internet will not make the user run away from bitcoin.
pat4cryptoreal
Full Member
***
Offline Offline

Activity: 630
Merit: 102


View Profile
October 09, 2017, 12:12:47 PM
 #1668

Bitcoin may die if the price  start depreciating without appreciating for a very long period of time, this may lead to panic and alot of people will start dumping. It may also die if there is no more usage of bitcoin anymore. With the brains behind bitcoin the possibility of bitcoin dieing is very thin.
sebasman2
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
October 09, 2017, 12:32:25 PM
 #1669

It would only die because of the following things:
- Hacks/glitches where the system fails and btc gets lost or created for free
- Forbidden internationally

Furthermore I don't think BTC will ever fade away.
farhansadik
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
October 09, 2017, 12:35:03 PM
 #1670

Bitcoin will Alive Until peoples are using it, Bitcoin demand will decrease if the number of users decreases.
So, I think Bitcoin will Die When people stop using bitcoin. There are another reasons, People believe in Blockchain Technology a lot, If Blockchain breaks its policy Then people can reduce their usage.
DIW
Full Member
***
Offline Offline

Activity: 476
Merit: 131


DIWtoken.com


View Profile
October 09, 2017, 12:59:34 PM
 #1671

The idea behind Bitcoin (blockchain technology) will never die. On the contrary, it will only expand.
It is extremely unlikely for Bitcoin to die as everyone opposing it has a love / hate relationship with it, so it's in everyone's best interest to fight it on the surface but support it in the shadows.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
DIW ◈    DIWtoken.com    ▐   WHITEPAPERANN THREADTELEGRAM   ▌    SECURITY DECENTRALIZED
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
zollyharvan
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
October 14, 2017, 08:54:10 AM
 #1672

maybe everyone has stopped or if in some ways becomes useless, here are two situations that I think that can make a child die. But I do not know what the reason is that people are used to it and bigger all the time.
DoublerHunter
Hero Member
*****
Offline Offline

Activity: 2590
Merit: 644


View Profile
October 14, 2017, 12:47:54 PM
 #1673

Bitcoin will Alive Until peoples are using it, Bitcoin demand will decrease if the number of users decreases.
So, I think Bitcoin will Die When people stop using bitcoin. There are another reasons, People believe in Blockchain Technology a lot, If Blockchain breaks its policy Then people can reduce their usage.
Yes, the demand is the reason for the life of bitcoin and it will become the reason for its death also. If the people will see bitcoin as a useless currency then they will abandon it and they will dump their bitcoin completely and it will drags down the price of bitcoin and it will become worthless and it will just become a part of the history of the currency.
Core.BUSTER
Sr. Member
****
Offline Offline

Activity: 562
Merit: 250



View Profile
October 14, 2017, 01:00:26 PM
 #1674

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

It is Economics 101, the rule of demand and supply. When all crypto have been mined, its value will stabilize or decreased rapidly. The finite supply would create a stable ratio to fiat money. And if the demand decrease, it's value will also decrease. But I don't see the decrease of the demand in the bitcoins in these days.
waynechong1995
Full Member
***
Offline Offline

Activity: 644
Merit: 117


swing!


View Profile WWW
October 14, 2017, 01:10:51 PM
 #1675

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

I would say legality issues is the biggest concern, imagine the BTC issue is bring upon those countries meeting, any FUD or decisions would bring a massive impact that might wipe Bitcoin on the surface. Value wise is unlikely for now as people are holding it for greater good, technology? nahhh i think more people are looking BTC as a investment rather as technology/ideas... noticeable upgrade on Bitcoin are just mere news for people to raise their price only.

DaftAjax
Sr. Member
****
Offline Offline

Activity: 532
Merit: 284



View Profile
October 14, 2017, 01:22:33 PM
 #1676

maybe everyone has stopped or if in some ways becomes useless, here are two situations that I think that can make a child die. But I do not know what the reason is that people are used to it and bigger all the time.
The second option is the most logical, pretty simple and practical thing that would happen. I mean if that coin would be useless in many platforms then, it will surely die and people who are using it will just gonna go and throw away that coin.

|████████████████████████████
██████▀  ▀█████████▀ ▀██████
████▀      ▀█████▀     ▀████
███▀        ▀███         ███
███▄        ▄████▄     ▄████
██████▀  ▀█████████▄ ▄██████
████████████████████████████
████▀▀▀██▀▀▀██████▀   ▀█████
███          █████▄   ▄█████
███▄        ▄███▀  ▀ ▀  ▀███
████▄      ▄████▄  ▄ ▄  ▄███
███████▄▄██████████▄▄▄██████
████████████████████████████
████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████
▄█████████▀    ▄████▀   ▄██▀
 ▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████████████████  █████
██████████▀ ▀███████████████
▄███████▀     ▀██████  ████▄
███████         ████████████
▀███████▄     ▄██████  ████▀
██████████▄ ▄███████████████
█████████████████████  █████

 ▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀▀▀▀▀    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄████████████▀  ▄███▀  ▄███▀
████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████
|         ▄▄████▄▄       
     ▄▄█████▀▀█████▄▄   
 ▄▄█████▀▀      ▀▀█████▄▄
████▀▀              ▀▀████
███       ▄▄████▄▄     ███
███   ▄▄█████▀▀█████▄▄ ███
███▄█████▀▀      ▀▀███████
█████▀▀    ▀█████▀   ▀▀███
███         ▀█▀▀███▄▄    ▀
████▄▄            ▀▀███▄ 
 ▀▀█████▄▄      ▄▄█████▀ 
     ▀▀█████▄▄█████▀▀     
         ▀▀████▀▀         
Acewins.io|████████████████████████████
████████████████████████████
██████████  ██  ████████████
████████         ▀██████████
██████████  ████▄  █████████
██████████  ████▀  █████████
██████████          ▀███████
██████████  ███████  ███████
████████▀▀  ▀▀▀▀▀▀  ▄███████
████████▄▄  ▄▄  ▄▄▄█████████
██████████▄▄██▄▄████████████
████████████████████████████
████████████████████████████
████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████
|||
artyo
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
October 16, 2017, 02:22:52 PM
 #1677

I believe in situation if the electrons all of a sudden refuse to operate all over the globe, Bitcoin would die. As properly as a milk in your fridge  
wurth
Sr. Member
****
Offline Offline

Activity: 331
Merit: 250

Blockchain Just Entered The Real World


View Profile
October 16, 2017, 03:23:51 PM
 #1678

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

It is Economics 101, the rule of demand and supply. When all crypto have been mined, its value will stabilize or decreased rapidly. The finite supply would create a stable ratio to fiat money. And if the demand decrease, it's value will also decrease. But I don't see the decrease of the demand in the bitcoins in these days.
An asset has limits supply and popular with our life never decreases its price easily. Of course, the price of Bitcoin in that time will be stable and do not have many volatilities as now. Even, someone or any rich group, company ... can fixed the price of Bitcoin in that time.

      ███████████████████████
     ███▄ ▄▄▄▄   ▄▄▄█▀▀  █████
    ███  █▀  ▀█▀▀▀       ▐█ ███
   ███  ▄██▄▄█▀▄▄▄        █▌ ███
  ███ ▄█▀  █     ▀█▄▄     ▐█  ▐██
 ███▄█▀    █        ▀█▄▄  ▄▄▄ ██
████▀      █           ▀██▀   ▀█ ██
 ██▀█▄     █          ▄█▀▀█▄▄▄█▀██
  ██ ▀█▄   █      ▄▄█▀▀    ▐█  ██
   ██  ▀█▄█▀▀█▄▄█▀▀        █▌ ██
    ███  █▄  ▄█▀█▄▄▄      █▌███
     ███  ▀▀▀▀     ▀▀▀█▄▄▐████
      ███████████████████████

 ▄▄       ▄▄▄        ▄▄   ▄▄▄▄▄ 
  ▀█▄   ▄█▀ ▀█▄    ▄█▀ ▄█▀▀   ▀▀█▄
    ▀█▄█▀     ▀█▄▄█▀  ▐█         █▌
    ▄█▀█▄      ▄█▀    ▐█         █▌
  ▄█▀   ▀█▄  ▄█▀       █▄       ▄█
▄█▀       ▀██▀          ▀▀█▄▄▄█▀▀


Network
BLOCKCHAIN JUST ENTERED THE REAL WORLD
  Decentralized Crypto-Location Oracle Network
GET WHITELISTED FOR TOKEN SALE ( Limited )

WHITE PAPER  ││  ANN Thread  Telegram   Medium   Twitter   Reddit
DBronze98
Full Member
***
Offline Offline

Activity: 403
Merit: 100



View Profile
October 16, 2017, 03:32:08 PM
 #1679

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
my opinion . If we sell the BTC and no one buys BTC anymore, BTC will die . But I think BTC will not be able to die. Because BTC helped me and many others make a lot of money

moinul018
Member
**
Offline Offline

Activity: 74
Merit: 10


View Profile
October 16, 2017, 03:41:12 PM
 #1680

Technically bitcoin cannot die until miners are there with the total ledgers. It can survive in a worldwide internet crash also. Just have to start the blocks where it left off.
Pages: « 1 ... 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 71 72 73 74 75 76 77 78 79 80 81 82 83 [84] 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!