Analyst say bitcoin will Obsolete one day.

[biboy]

If that happens then for sure that cryptocurrency will be fully adapt by people and most of the countries, and maybe in that time people has seen better than bitcoin, so for me it takes time before we can finally see that,but right now we should enjoy what bitcoin has come so far and the benefit of holding it for a long time.

[mostcrack]

People who believe Blockchain technology is outdated is that they do not see much right now, I do not like people who do not appreciate new innovations, many examples of companies that are beginning to want to develop technology that believes to be very good at development projects right this is the first stage can be called is not perfect 100%, do not be surprised if Bitcoin in a bad situation it will sprang speculation that can disturb someone, when it is at the peak of success behind then they will soon change their mind, this case has happened in recent years where technology Bitcoin and Blockchain not what -what, seeing only one eye.

[Ayaancool]

The predictor says its useful,  its visible, but one day it will be obsolete. 
One thing I want to say people wants to says negatively.  this is a new technology, we can't appreciate new things.
 new link down below.

https://cointelegraph.com/news/geopolitical-analyst-believes-blockchain-will-become-obsolete/amp

For the time being, all these governments around the world, are waiting and watching. They are trying to figure out what this new thing is and how far it can go. As fiat currencies devalue more and Bitcoin goes up, they will be forced to make decisions. Some may make policies to regulate them while others might declare them illegal. But there’s no stopping when it comes to technologies like the internet or smartphones. And make no mistake, the Blockchain based industry is going to be as big as these two, may be even bigger.So, the governments and leaders around the world can bite off all they want, but chewing would not be much of an option.

[newwest]

If that happens then for sure that cryptocurrency will be fully adapt by people and most of the countries, and maybe in that time people has seen better than bitcoin, so for me it takes time before we can finally see that,but right now we should enjoy what bitcoin has come so far and the benefit of holding it for a long time.

May be true or may not be because from last few years people being telling that it will become zero or it is just bubble and so on and till today we have seen how the btc has risen and though at current scenario it is trading at lower price but it should be good again in next coming months.

[First77]

Bitcoin has become just a speculative asset where people say $20,000 or $30,000 for those high profits. It looks like hidden ponzi/HYIP

[poplolnman]

Bitcoin has become just a speculative asset where people say $20,000 or $30,000 for those high profits. It looks like hidden ponzi/HYIP

With that kind point of view then yeah Bitcoin would always look like a HYIP or even ponzi ... But when you could look at the deeper line how Bitcoin useful for future financial system where things run transparently and the market itself could build a new business model that bring global economic growth.
How could Bitcoin become outdated when it keeps create great things for the better world?

[Rambogae]

I think if bitcoin is obsolete then the world of crytocurency will be lost.

[freedomno1]

It depends on the malleability and willingness to change.

If not Bitcoin then we will see a fork that addresses the issue be the one that moves into the future.

Blockchain is and will be around for years to come it is still on the cutting edge of technology and it will take several years for the next bleeding edge technology to replace it once it is an adopted paradigm.

[batang_bitcoin]

It's misleading it's not bitcoin but blockchain he may be correct or he isn't. Technology is a fast pacing place where everything is innovating. I don't think it will be obsolete but somehow it can be upgraded. There will be a better tech than blockchain soon but still it is here to stay. Every tech that has come alive became obsolete so he is also saying some point but we don't know when it will happen. To those that are defending bitcoin, you've gotta read the article, we all love bitcoin but read it.

[leostrong.mo]

Anybody can make different opinions on BTC, just because they are analysts who are paid special attention!
Many celebrity predictions of BTC have later proved to be wrong. We need to be patient with BTC. BTC will give us a better future!

[javadsalehi]

If you search about the future of bitcoin in google now, you will find many different opinions about the future of it. They are completely different. An analyzer believe that bitcoin will be a global currency and another one thinks quite the opposite. We just should wait to see the future. Don't pay attention to what people say.

[sclmte]

The predictor says its useful,  its visible, but one day it will be obsolete. 
One thing I want to say people wants to says negatively.  this is a new technology, we can't appreciate new things.
 new link down below.

https://cointelegraph.com/news/geopolitical-analyst-believes-blockchain-will-become-obsolete/amp

I may think that also but it surely takes years for that. Once people never find good things about these, they might just ignored Bitcoin. Since bitcoins shows potentiality as new form of currency and easy to used, people still enjoying it.
The advancement of this technology bring excitement to the community and gives them curiosity. Aside from that, Bitcoin investment is really profitable that's why a lot of people are now engaging in these. But the question is how long does bitcoin shows like that? Hopefully it takes many years of its potentiality.

[wolffy0216]

There are two types of supporter all over the world. Some people took it positively and some are negative. They who cannot accept the change they took it as negative. They primarily hate it, but now they are fighting against it. But we know bitcoin will won the battle at the end. Because bitcoin is the decentralized digital currency which is based on modern technology. And every technological invention is made through the young people of the society. And it is firstly accepted by them. So, there is no doubt it will win the race no matter who are against it.

I agree, more and more people are supporting cryptocurrencies and I don't have any idea what will be the reasons why will become obsolete one day. We are in a new technology and I believe bitcoin will become more popular and powerful.

[pooya87]

this is the dumbest topic in this board that i have seen this month.
"analyst" my ass. first of all this is stating the obvious. it is like saying the Apple iPhone that came out today will be obsolete one day! well of course it will, but it will remain the shit for many years.
secondly it just shows that the author doesn't have a clue what he is talking about. he is basically saying the intelligence services will break the encryption used in the blockchain technology so it will become obsolete. (just a parenthesis here, this encryption is not specific to bitcoin or the technology, it is used in thousand different places. one should wonder why he has never mentioned those 1000 other places will be obsolete too).
now the problem is the "encryption" he is talking about is not used to hide stuff, it is used for security. everything is open to public on the blockchain for everyone to see! and why would intelligence services want to break the security? what would they gain?
besides just like anything before (like SHA1) when there is a remote chance of them being  weak they simply are replaced by a much stronger one (like SHA1 becoming obsolete years before it could begin to be broken and replaced by SHA2)

[Bitfling]

Bitcoin is blockchain that developed 9 years ago and technology always improve. Right now, many altcoin have better technology than bitcoin and have bigger block but bitcoin more trusted because its pioneer in crypto industry

[Pursuer]

LOL what's next? the sky is blue and the earth is round! maybe he is going to go to hospitals and tell the infants that come out of the womb that they are going to die some day

the technology that was used 2000 years ago is obsolete today because it is either improved or replaced by a newer, better technology. but that technology was used in its own time for a long time and was the best thing in its time. same goes with cryptography. it is an evolving battle where it gets stronger and better and people continue trying to break it.

[Kakmakr]

Let's clarify: He didn't say Bitcoin will be obsolete one day, he said blockchain technology will be. He also said that it will be on the basis that intelligence agencies will be able to decrypt it. Well, good luck with that I suppose.

I do think blockchain technology being obsolete is an inevitability though, but unlike Friedman, I think it's going to take a couple of lifetimes, and it's going to be because of a similar but superior technology being invented.

The great thing about Bitcoin is that it is adaptable to any threat, because it is programmable code. When the intelligence agencies come up with a method to decrypt it <using quantum computers> then developers just improve the encryption techniques to make it harder to decrypt it.

Most of the current security features are built on the same technology that Bitcoin is built on, so these technologies would also be exploited. <Secure websites / Private email services / ATM technologies / Bank networks> 

[BitNaija]

To say bitcoin will be obsolete is just to add to the pressure the cryptocurrency is passing through. Every development has a time of refinement. There is added values to the blockchian and bitcoin, as we see the emergence of other block chains like ethereum, ripples, EOS etc. Yet, all are running side by side with the bitcoin blockchian because they serve similar yet diverse purposes. So to predict the obsolescence of bitcoin from now is hasty.

[RasicaOla12]

Today with the birth of many coin called altcoin With the massive development of the altcoin, also with the fluctuation of a still very young market, investing in altcoin always implies risks and opportunities. So bitcoin is still the # 1 choice for investors.

[darkangel]

bitcoin will be obsolete. It is increasingly under strict control by governments as well as lagging behind new generation algorithms. Bitcoin is slowly losing its place in the number one position.