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Author Topic: If this can kill Bitcoin, then it wouldn't have reached $100 or $1000+ anyways  (Read 865 times)
imperi
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June 21, 2011, 12:11:37 AM
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Think about it. If Bitcoin is as strong of a currency as people claim, it will easily be able to weather an event like this. There will be many other challenges in the future, some probably far more daunting.

I truly believe that Bitcoin is a revolutionary, paradigm-shifting currency that can withstand anything, except of course some form of Bitcoin 2.0.

It is impossible for people to lose interest in it, because it is just that awesome. If planes were banned in the 1910s for being dangerous, do you think people would stop making them? No. A peer to peer currency IS a great step forwards, or at the very least a great alternative to the established way.

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June 21, 2011, 12:14:23 AM
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Think about it. If Bitcoin is as strong of a currency as people claim, it will easily be able to weather an event like this. There will be many other challenges in the future, some probably far more daunting.

I truly believe that Bitcoin is a revolutionary, paradigm-shifting currency that can withstand anything, except of course some form of Bitcoin 2.0.

It is impossible for people to lose interest in it, because it is just that awesome. If planes were banned in the 1910s for being dangerous, do you think people would stop making them? No. A peer to peer currency IS a great step forwards, or at the very least a great alternative to the established way.



Bitcoin is still new, lots effect it, but it seems to be doing fine.

The only thing really have a huge effect on bitcoin is governments around the world trying to make it illegal to use.
BinaryMage
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June 21, 2011, 12:39:08 AM
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The only thing really have a huge effect on bitcoin is governments around the world trying to make it illegal to use.

Considering how all the press lately, though much of it was negative, has brought so many people in, I think governments trying to ban Bitcoin would end up backfiring on them. They'll never be able to do it, it'll just bring more people who want currency free from government control on to the Bitcoin wagon, and it'll make the government look terrible. Besides, there's nothing inherently illegal or morally questionable about Bitcoin, so the government would have a hard time finding a justification that intelligent people would believe.

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Jaime Frontero
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June 21, 2011, 12:41:40 AM
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Oh what else did we learn? People want Bitcoins badly enough to try and steal them.

that was the first thing a woman i know said about the MtGox incident.

and i was floored at the truth of it.

eh - so we've (or rather, a couple of entities not associated with the Bitcoin client/software package) had a couple of bad days.

live and learn.

if it doesn't kill you it only makes you stronger.
BinaryMage
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June 21, 2011, 12:56:35 AM
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if it doesn't kill you it only makes you stronger.

No, sometimes it terminally injures you, but in this context I agree, though too much of this could kill Bitcoin, or at least kill a majority of its user base. One, two, even three incidents like this one are survivable, especially if they don't cause too much permanent damage, but if this becomes a regular thing, it may convince many to give up on Bitcoin. That said, we need to keep this in perspective. Many millions of dollars are stolen every day, and Bitcoin has only had a few incidents, and hopefully will not have too many more. Looking at it from that angle, this really isn't a big deal.

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