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Author Topic: What is our assurance that Bitcoin will stay for long or forever?  (Read 2297 times)
KorakPawon
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September 24, 2018, 03:16:56 PM
 #161

No one can with 100% certainty that bitcoin will not disappear in 100 years.

Technologies are developing very rapidly and perhaps we will see a more technologically advanced payment system in the future

It's true that you say there is no guarantee that bitcoin will survive or disappear, but if we look at the current period that has advanced rapidly, it will be more like that in the future.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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September 24, 2018, 05:21:51 PM
 #162

Bitcoin won't last forever but bitcoin will not die in the near future and nobody can assurance bitcoin will still alive but rather than thinking bitcoin will last or not i think we have to more concern to increase the price and how to makes people more confident to use bitcoin in the middle of downtrend situations
For me the most important will be the time when whole amount of bitcoin will be mined, only thanks to that we will find out if bitcoin has enough strength to last forever on this market or not.

Well everything is finite one way or another. Fiat may be replaced by crypto the same way bitcoin may be replaced by other technology. You can't talk about assurances when you're in this market.

 
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September 25, 2018, 05:13:07 PM
 #163

What is our assurance that Bitcoin will stay for long or forever?  There is a prophesy I have heard that Bitcoin will fall.
Can you share some strong reasons of why Bitcoin will last?
Bitcoin is not a thing that can be deleted from existence.
It works in p2p system that you also use on torrent like systems. As long as there is even 1 single person that uses bitcoin that means bitcoin will be here.

Now considering even one person can make bitcoin stand still, do you think this daily 11 billion dollar business of trading with bitcoin can stay for long or forever ? Or do you think a 10-15 billion dollar a day trading with bitcoin can disappear tomorrow ?

The logical answer to this is "stay for long" is absolutely possible, "forever" might not be because we have no idea if after a thousand year what happens.
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