Bitcoin won't live to see the next 10 years

[leonair]

Quick Disclaimer:
1. I'm not here to support any shitcoin.
2. We're all gathered here because of bitcoin, so it's hard for me to see it fading way.

Bitcoin was designed not be fully anonymous since transactions were open permanently for the public to view.
Authorities and security agencies were able to trace the bitcoin owners based metadata and transaction pattern, history and so on.

Some developers understand this issue and they go ahead to create some new altcoins which they are fully anonymous by implementing new hashing algorithms on their very new altcoins such as Dash, Monero, Zcash and Zcoin.

So why the bitcoin "hard fork" instead of updating the original bitcoin core?
Forked coins like BitcoinCash & BitcoinGold are moving from ASICs to GPU mining for faster transactions, why not BTC?
Why not update bitcoin mining algorithm to Equihash (zk-snarks) like Zcash and the next upcoming Bitcoin Gold BTG? 

Instead of updating the original bitcoin core to have more secure and fast transactions with lower xt fee, yet making hard forks!
I think hard forks will soon kill the original bitcoin.
 
What do you think, huh? Share with us what you think. thanks

I am not a techy guy but my own understanding in this situations of forks is positive because Bitcoin developers are doing this kind of thing for the better good of the future of Bitcoin itself, take this forks as an upgrading thing and not a negative thing. No one wants a fork but there is always a possibility of a fork when upgrading the scale-ability of Bitcoin, change is inevitable.

[bncbnc]

Voted 'yes'. I presume Bitcoin will still be around in 10 years but probably won't be the leading coin in the world of cryptocurrencies anymore. It is getting outdated as you sort of mention in the OP and other, better performing altcoins are already emerging rapidly. BTC dominance in the total market capitalization is 49% nowadays, a huge drop compared to the 80 - 90% we've seen up until march this year.

I see it like this. Bitcoin will remain, overall, the most popular crypto but there will be alts created specifically for that business. Like that facebook tokens or steam money, all that could be replaced with an alt-coin. So bitcoin global, alts tweaked for smaller circles. Also, I don't think bitcoin will die out so easily if there's still more to mine.

alts are created even in present time. but still there is still not such an altternative currency which can replace bitcoin. i am also sure that bitcoin will remain as number one currency for a long long time and not a single alternative currency can replace bitcoin. In fact the users of bitcoin are increasing from time to time which is making bitcoin more stronger.

[MoonHodler]

Bitcoin changed the definition of currency, since its decentralized it can be improved

[xBitHodler]

I would say that Bitcoin is going to survive for the next 10 years. Our community is still working hard on it. There are many Bitcoin Improvement Proposals (BIPs) that may not be accepted by everyone but at least many different people are trying to contribute to this superb project. Hardforks won't damage Bitcoin's reputation. They will make it stronger.

[bitcoinvestor]

I think hard forks will soon kill the original bitcoin.

I dont think that Bitcoin hard fork will exceed Bitcoin , Bitcoin core make more improvements and fix some issues in the Bitcoin code and i think this will be a good enough.
If Bitcoin core team change the whole Bitcoin code what will be the value of the Original Bitcoin code that created by Satoshi Nakamoto?

I am not technical man but seeing the case of BCH hardfork, the next hardfork seems no much influence or panic state to developers, miners and users. theymos will guide us how to do with the next hardfork, he will write technical steps and analysis to face the hardfork. I am not worried about that. What I am worried is when all government ban bitcoin exchangers to fiat.

[dlhezter]

Quick Disclaimer:
1. I'm not here to support any shitcoin.
2. We're all gathered here because of bitcoin, so it's hard for me to see it fading way.

Bitcoin was designed not be fully anonymous since transactions were open permanently for the public to view.
Authorities and security agencies were able to trace the bitcoin owners based metadata and transaction pattern, history and so on.

Some developers understand this issue and they go ahead to create some new altcoins which they are fully anonymous by implementing new hashing algorithms on their very new altcoins such as Dash, Monero, Zcash and Zcoin.

So why the bitcoin "hard fork" instead of updating the original bitcoin core?
Forked coins like BitcoinCash & BitcoinGold are moving from ASICs to GPU mining for faster transactions, why not BTC?
Why not update bitcoin mining algorithm to Equihash (zk-snarks) like Zcash and the next upcoming Bitcoin Gold BTG? 

Instead of updating the original bitcoin core to have more secure and fast transactions with lower xt fee, yet making hard forks!
I think hard forks will soon kill the original bitcoin.
 
What do you think, huh? Share with us what you think. thanks

Bitcoin Core developers have conservative approach, they keep security and stability as their prime value and any updates only go live after long periods of discussing and testing. Any new experimental improvements to cryptocurrency protocols should and are done on altcoins, there's no need install them on Bitcoin now. If time will prove that they are sound, we might see some of them at some point at the future. But more likely Bitcoin Core developers would be adding new features as a second layer, so you won't have to risk the main network and force all users to update their clients - this is much better than having hardforks every few months like some altcoins do. So, it's unlikely that alts will ever replace BTC - people value stability in finance more than experimental innovations.

oh, you mean instead of updating/upgrading the original, they make another program like bitcoin for the other experimental purposes and DEV (bitcoin team) wont take the risk to make updates/upgrades the network on the original bitcoin. i get it now. so BTC and BTG are the latest bitcoin experimenta?

[Victorycoin]

These hard forks are just another stage in the growth maturity cycle of bitcoin. Bitcoin needs to be tested...each test it goes through and survives is one that gives it strength to be relevant longer.

There won't be an endless series of fork attempts, it will stop, Bitcoin and the community just needs to prove that Bitcoin is the strongest coin. AND it's ok for the currency to evolve to meet new demands.

I quite agree with your take, the Bitcoin we see today is far more resolute and resilient than the Bitcoin we knew couple of years back. It has actually been through a lot and the fact, it came out of it all more formidable have endeared it to many.

And yes, an end to hard fork of the network is not in sight, many more will happen, but what's good news is that Bitcoin core is unwilling to shift its grounds and it will always remain the one and only Bitcoin.

[ImHash]

I think we should go POS period GPU mining is not good, right now anyone with the most hash rate is mining most of the coins anyways, in POS the same people with most of the coins earn more. in 10 years electricity consumption will overwhelm China which has the cheapest prices for electricity.

[djangocoin]

Voted: yes

The last hardfork happened and people were like this is it for bitcoin, and what did bitcoin do? it went up in price.

Moral of the story is: Bitcoin doesn't care

[Bitmore]

Voted: yes

The last hardfork happened and people were like this is it for bitcoin, and what did bitcoin do? it went up in price.

Moral of the story is: Bitcoin doesn't care

Bitcoin is a Honeybadger; 

You can FUD, cry and panic,,but it doesn't matter.

Bitcoin just doesn't give a fuck.

[Ziomuro27]

I'm not sure if bitcoin will last but of course I want to stay it forever not because I wanted it to be but it helps people in changing their life and their personality. I imagine my self in 10 years and l'm stay using bitcoin, I have big house , new car and a better life which I attain using bitcoin, there is no limit on dreaming if you have a dream make it possible and live with it.

[Viscera]

Bitcoin is superior, and it's like a honey there's no expiration date. Other countries will adopt bitcoin and the price will go up eventually. This is the new Supremacy technology. How many times the government shut down Bitcoin? No one will ever kill bitcoin.

[Sithara007]

Bitcoin is superior, and it's like a honey there's no expiration date. Other countries will adopt bitcoin and the price will go up eventually. This is the new Supremacy technology. How many times the government shut down Bitcoin? No one will ever kill bitcoin.

You can't say that Bitcoin has no expiry date. Any technology-related asset has an expiration date, although it is difficult to exactly predict when it will go out of business. The same is the case with Bitcoin as well. There is a chance that in the future it may lose the race to some of the altcoins or clones, or there is even a chance that a far better technology will replace the crypto-currency.

[Dalmar]

Bitcoin is kinda like online contract version of gold if we talk about supply/price over time.Bitcoin price is going up because buyers "purchase" it on exchanges and circle gonna to be more smaller for this coin.That's why predictions are so unreal and optimistic on other threads.

[pathapoddo]

Yes.I think I will see bitcoin the next 10years.

[heisenberg0000]

Yes, as we can see in this fast changing world. Innovation is the key for businesses to survive. With bitcoin, multiple opprtunities arises. The only key here for longevity is for big companies to start adapting bitcoin.

[dificanovi]

I do not think bitcoin will disappear while the internet can still be accessed. they prefer another coin because they want to profit from the coin. BTC will not be destroyed despite the creation of a hard fork.

[maydna]

i think its not about expiration date but its maybe for fixing bitcoin into better than before. because i am sure that there should be any of the fork again once in every few month like before and we know that this will happen again and again. i think bitcoin will stay more than 10 years because if we see the ages of bitcoin is almost 10 years from its beginning. and until now, bitcoin is always doing maintenance which is fork and another things to make sure bitcoin is ready to grow more than now.

[Cobalt9317]

Bitcoin will not vanished it will not disappear, apparently some Altcoins are better than Bitcoin, however it is still the leading coins in the market in terms of using its flexibility and adaptation.

it could and may not ceased to exist after 10 years, but one thing is for sure Bitcoin will stay

[pixie85]

Voted: yes

The last hardfork happened and people were like this is it for bitcoin, and what did bitcoin do? it went up in price.

Moral of the story is: Bitcoin doesn't care

The honey badger of investments

Bitcoin is kinda like online contract version of gold if we talk about supply/price over time.Bitcoin price is going up because buyers "purchase" it on exchanges and circle gonna to be more smaller for this coin.That's why predictions are so unreal and optimistic on other threads.

It's better than gold because it's finite. You never know when we find a way to excavate gold more efficiently or find a way to recover it from old electronics. Gold can be found on another planet or an asteroid that hits us somewhere in future. Bitcoin is limited and we know how much of it there's going to be.