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Author Topic: Possible End of Bitcoin  (Read 1423 times)
Crypto_trader87
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October 18, 2017, 02:47:22 PM
 #41

The end of internet is the end of almost Everything including digital currencies. Although it is unimaginable and impossible that internet will be shutdown, it is the only thing that the world should be afraid of.
Bitcoin cannot be stopped by Government or hackers or activists.

Yes  i agree with you there but i dont bellieve that this is the end of bitcoin in the future there are so many people who realy like bitcoin so its almost imposible that bitcoin will end

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October 18, 2017, 02:51:05 PM
 #42

For my opinion, no one can say when bitcoin ends.
No one can predict it on the future. I just take a look at it when it happens.
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October 18, 2017, 02:55:12 PM
 #43

Well bitcoin is going up really seriously but i have an possible senario for bitcoin to end first of all mining bitcoin is becoming almost impossible without huge investments so we need better equipment and new technologies right ? I think it’s very near and they are called Quantum Computers to explain these computers are might be 100 million times powerful and useful than todays computers so they would be easier to mine bitcoins with it even if difficulty of mining goes up as tech grows but the thing is Blockchain does not have any protection to quantum computers which i laugh about it so much and when this technology comes out people would start to steal bitcoins instead of mining because its going to be more profitable how come people cannot forsee that for the next 5 years bitcoin is going to make great job but after that Quantum Nightmare of Bitcoin is going to end it up
Of course, in theory, you are right, also, in theory, practice and theory are the same thing, but in practice they are different. What will happen when we get to the stage of practical quantum computing is that quantum computers will be used for hashing, also bear in mind that it is infinitely easier to hash something than to unhash it, so I wouldn't worry about it right now.
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October 18, 2017, 04:22:40 PM
 #44

Well bitcoin is going up really seriously but i have an possible senario for bitcoin to end first of all mining bitcoin is becoming almost impossible without huge investments so we need better equipment and new technologies right ? I think it’s very near and they are called Quantum Computers to explain these computers are might be 100 million times powerful and useful than todays computers so they would be easier to mine bitcoins with it even if difficulty of mining goes up as tech grows but the thing is Blockchain does not have any protection to quantum computers which i laugh about it so much and when this technology comes out people would start to steal bitcoins instead of mining because its going to be more profitable how come people cannot forsee that for the next 5 years bitcoin is going to make great job but after that Quantum Nightmare of Bitcoin is going to end it up
an innovation in everything needs to be done, because it is for something to be better. as well as the current bitcoin technology. in the future, there needs to be a change in the system and the other so that this technology more easy to use and useful for everyone.
but in my opinion, bitcoin will still exist and last for a long time .. even though quantum technology like you said there will be, i'm sure it will not be a nightmare for bitcoin.
just my opinion.
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October 18, 2017, 05:10:42 PM
 #45

- There will be no practical end of bitcoin.
- Bitcoin mining will remain profitable in future too when all bitcoin will be mined because of fee associated with the tx that will be included in blocks.
- Quantum computers are just some sci-fi gadgets till now, there is no any working prototype. There will be another bitcoin hardfork with advanced security against super computers if there will be quantum computer in future.
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October 18, 2017, 05:16:12 PM
 #46

I think investing in high-tech equipment in Bitcoin mining is a must-do when most of the older equipment is no longer adequate to meet today's mining needs. Besides, they invest so, they take risks and they earn more Bitcoins from it is what happens. However, very few people can do this because of the tremendous resources for specialized mining equipment

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October 18, 2017, 05:58:04 PM
 #47

The end of internet is the end of almost Everything including digital currencies. Although it is unimaginable and impossible that internet will be shutdown, it is the only thing that the world should be afraid of.
Bitcoin cannot be stopped by Government or hackers or activists.

1.
It is not impossible for the internet to be shut down.
It's a bunch of cables and computers relying information, one real organized terrorist squad could take a lot of those a cables and data centers out.

2. Remember (if you were alive at that time) how life was 20 years ago? Or 30?
People were still going out, watching movies, working, drinking, travelling and fword.
And all that was possible without internet.
There will be no end of nothing. (except for fb and nigerian scams emails).


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October 18, 2017, 06:05:18 PM
 #48

Having in mind how we today depend on internet and new technologies the end of internet would not mean just end of Bitcoin but the end of the world. And to my opinion this might happen only with some heavy catastrophe or new world war. But every technology developes and adjusts and so it's the case of Bitcoins. And nothing can't just vanish and disappear over night without some very good reason. So, relax.

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October 18, 2017, 06:19:24 PM
 #49

While bitcoin is growing at a record pace, and its real value, we do not know. The peak is ahead, and, perhaps, the turnaround will not happen tomorrow, but if there is a sharp drop, it is likely to be felt not only by the owners of crypto-currency but also by ordinary people.
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October 18, 2017, 07:30:38 PM
 #50

It will take a lot of time before quantum computing will become a real thing for ordinary people. Quantum computers need proper cooling which requires a lot of electricity. Probably we won't see them in our houses for the next 50 years, at least. I wouldn't worry unless there's a major breakthrough in this technlogy. Bitcoin is safe for the next few years.
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October 22, 2017, 05:14:41 PM
 #51

Well bitcoin is going up really seriously but i have an possible senario for bitcoin to end first of all mining bitcoin is becoming almost impossible without huge investments so we need better equipment and new technologies right ? I think it’s very near and they are called Quantum Computers to explain these computers are might be 100 million times powerful and useful than todays computers so they would be easier to mine bitcoins with it even if difficulty of mining goes up as tech grows but the thing is Blockchain does not have any protection to quantum computers which i laugh about it so much and when this technology comes out people would start to steal bitcoins instead of mining because its going to be more profitable how come people cannot forsee that for the next 5 years bitcoin is going to make great job but after that Quantum Nightmare of Bitcoin is going to end it up

Actually I do not believe that bitcoin die. Why?  Because I really believe that it will take so long, and there will be more investors in up coming years.
No need to worry if so Speculation might come but it never affects bitcoin.


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October 22, 2017, 05:25:58 PM
Last edit: October 22, 2017, 06:30:46 PM by rockyram
 #52

Well bitcoin is going up really seriously but i have an possible senario for bitcoin to end first of all mining bitcoin is becoming almost impossible without huge investments so we need better equipment and new technologies right ? I think it’s very near and they are called Quantum Computers to explain these computers are might be 100 million times powerful and useful than todays computers so they would be easier to mine bitcoins with it even if difficulty of mining goes up as tech grows but the thing is Blockchain does not have any protection to quantum computers which i laugh about it so much and when this technology comes out people would start to steal bitcoins instead of mining because its going to be more profitable how come people cannot forsee that for the next 5 years bitcoin is going to make great job but after that Quantum Nightmare of Bitcoin is going to end it up

Actually I do not believe that bitcoin die. Why?  Because I really believe that it will take so long, and there will be more investors in up coming years.
No need to worry if so Speculation might come but it never affects bitcoin.



Is it impossible to end bitcoin today.It may depend on internet and new technologies.The end of internet would not mean just end of Bitcoin but the end of the world. And to my opinion this might happen only with some heavy catastrophe or new world war. But every technology developes and adjusts and so it's the case of Bitcoins so Actually Bitcoin has many scenarios of it's development and we can't say today which is going to be the truth. Bitcoin is still just in the beginning of it's growth and the world just start to pay attention on it seriously.
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October 22, 2017, 05:31:00 PM
 #53

Bitcoin will find an end one day after some serious crashes and after another technology has been invented which works much better than blockchain. But as long as blockchain currencies exists, there will be a place for Bitcoin.

Bitgesell (BGL):  A modern and truly scarce store of value. Burn rate is 90% of tx fee. Yearly block reward halving.

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October 22, 2017, 05:50:07 PM
 #54

Bitcoin will find an end one day after some serious crashes and after another technology has been invented which works much better than blockchain. But as long as blockchain currencies exists, there will be a place for Bitcoin.
Not necessarily. Bitcoin is upgradable like any software. Take Microsoft Windows as an example. It has been widely used for almost 30 years and it's still here. We are still using a mouse to point and click on icons, just like we did 20 years ago and we're still using good old keyboards to write.
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October 22, 2017, 05:51:05 PM
 #55

Nobody knows .... Even the founder of bitcoin didnt know that  Undecided
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October 22, 2017, 06:02:44 PM
 #56

Key point: bitcoin is not money, but better than money, is a Fund to which each contributes according to his abilities, but takes according to his needs. It is not necessary to turn in the money, money is a tool to control the people, it is a pity that many do not understand, there is no need to interfere with bitcoin transactions may be long if the network is congested, this means that the Fund is in this moment under the load and we have to wait

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October 22, 2017, 06:17:59 PM
 #57

I don't think so Bitcoin will end,Because Bitcoin is a digital currency that's not tied to any bank or organization or government. Day by day it is using every where. And lot of country allow bitcoin to use. due to not control by any organization its not possible to end of bitcoin. its totally my opinion. The most online financial transaction of this century is bitcoin.
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October 22, 2017, 06:22:36 PM
 #58

https://bitcointalk.org/index.php?topic=1263.msg23376405#msg23376405

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October 22, 2017, 06:27:52 PM
 #59

Nobody knows .... Even the founder of bitcoin didnt know that  Undecided
I agree with this statement. Everyone will simply present their theories, but no one actually knows if bitcoin will fall or not. My theory is that bitcoin will fall if all the investors around the world give up on bitcoin which is highly unlikely.

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October 22, 2017, 06:28:57 PM
 #60

Forget quantum computers, bitcoin is a joke anw, no need of super computers to end it. It is just a waste of energy database with no real work to do. When people grow up and understand what is bitcoin, will move out of it and go to a real coin like ethereum neo etc...
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