In the long run, bitcoin will be worth $0.

[NikolaTesla]

This isn't intended to be another spam thread, this is real analysis.

Eventually the world will adopt a crypto-currency. That's just where technology is headed and where we are evolving. It won't, however, be bitcoin. Bitcoin was a good experiment while it lasted, but through experimenting with it it's shown its weaknesses, weaknesses that other crypto's have already made headway in correcting, just without wide adoption.

Eventually, a new crypto that isn't currently in existence will be developed by a counsel of cryptographers and industry professionals from silicon valley but more importantly will also be directed by the advice of economists, not just computer scientists. This new crypto will be widely endorsed in silicon valley and will take the world by storm, eventually becoming the exclusive currency of most online retailers and will be known as the internet currency (as if the internet were its on country / economy). As surely as I write this, this will happen, and when it does, all other crypto's including bitcoin will become obsolete. Sure, they'll still be collected as vintage items for their sentimental value the way old NES games are still collected. But mining them will be easy enough that they'll have no real value.

[naphto]

Not 0 usd, but a few cents yea.

[Jaroslaw]

I agreee with you. When LTC, NVC, PCC and other clones go to the mtgox price for bitcoing will be going down down down...

[ruski]

keep on hammering away at that FUD, weren't you pondering buying back in at $160 earlier?

[NikolaTesla]

keep on hammering away at that FUD, weren't you pondering buying back in at $160 earlier?

It isn't FUD, it's a genuine observation.

[BitPirate]

In the long run, YOU will be worth $0.

But that's a good thing -- you appear to be worth significantly less right now.

[NikolaTesla]

In the long run, YOU will be worth $0.

But that's a good thing -- you appear to be worth significantly less right now.

I guarantee I've made more $ speculating bitcoin that you have 

[nkspace]

plus one,

[HerrDoktor]

In the long run, YOU will be worth $0.

But that's a good thing -- you appear to be worth significantly less right now.

What do you mean in the long run ? He is already worthless and im really getting tired with this whole troll shit....

[afbitcoins]

Betamax was a superior technology than VHS but it never took off

[ManBearPig]

Not 0 usd, but a few cents yea.

MASSIVE difference here.

$0.01 to $0.02 is a 100% rise, $0 to anything, even $0.01 is a percentage rise of infinite size.

OP is full of confidence eh?

[bitleif]

In the long run we're all dead.

[viboracecata]

If the network of bitcoin is powerful enough, and the community is strong enough, how will you have involved in bitcoins would switch to another one?

If you insist in, why the price will drop to 0?

[Newscastix]

OP is sorta right in the same as saying the dollar will be worthless in the long run as it will be replaced at some point in time....

so yes... but that doesn't make bitcoin worthless now or anytime soon... "soon" is to be defined...

[Matthew N. Wright]

OP is sorta right in the same as saying the dollar will be worthless in the long run as it will be replaced at some point in time....

so yes... but that doesn't make bitcoin worthless now or anytime soon... "soon" is to be defined...

This. Believing Bitcoin will *always* be worth something is a fairy tale, just as much as believing it will be worth nothing tomorrow because of pressure from law enforcement.

[uMMcQxCWELNzkt]

The thing is, although the masses would perhaps prefer such an addition, a lot of us would rather stay away from a new coin peddled by mainstream economists and so on. Bitcoin is a the crytocurrency to be beaten, having better features and big backing does not always mean wider adoption so the Bitcoin brand will go a long way regardless. I do not believe there are any cryto currencies that offer more potential yet either.

.

[anu]

Not 0 usd, but a few cents yea.

Na, billions.

[Logik]

Where exactly will the adopters of this new crypto currency be found? Your mom? Dad? The guy down the street? Your friendly neighborhood economist?

You can make a million digital currencies, but you need a small army of nerds to support, develop and cheer-lead that currency. Where would these people come from?

[qwk]

In the long run, everything will be worth $0.

http://en.wikipedia.org/wiki/Heat_death_of_the_universe

[herzmeister]

This isn't intended to be another spam thread, this is real analysis.

Eventually the world will adopt a crypto-currency. That's just where technology is headed and where we are evolving. It won't, however, be bitcoin. Bitcoin was a good experiment while it lasted, but through experimenting with it it's shown its weaknesses, weaknesses that other crypto's have already made headway in correcting, just without wide adoption.

Eventually, a new crypto that isn't currently in existence will be developed by a counsel of cryptographers and industry professionals from silicon valley but more importantly will also be directed by the advice of economists, not just computer scientists. This new crypto will be widely endorsed in silicon valley and will take the world by storm, eventually becoming the exclusive currency of most online retailers and will be known as the internet currency (as if the internet were its on country / economy). As surely as I write this, this will happen, and when it does, all other crypto's including bitcoin will become obsolete. Sure, they'll still be collected as vintage items for their sentimental value the way old NES games are still collected. But mining them will be easy enough that they'll have no real value.

sounds like ripple.com already... and yet, it won't make bitcoin obsolete