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Author Topic: bitcoin technology is being obliterated?  (Read 856 times)
stayeduptolate
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July 25, 2018, 09:44:13 AM
 #41

bitcoin technology is being obliterated? it has been almost 10 years since the creation of bitcoin and even a lot believe that the mass adoption has already happened but due to all the problems that the bitcoin network has for its operation it would be obsolete in the future, not to mention the monstrous energy consumptions that the bitcoin network.

I don’t think that bitcoin technology has been obliterated or or is in any path of destruction, no doubt that the valuation of bitcoin has been deflated to a very very low extent and people are in very panic and are in rush selling of their bitcoins but still there are many financial experts who are still excited about the valuation of bitcoin because they know it very well that bitcoin is a volatile crypto currency and its valuation keeps on flactuation so I don’t think that bitcoin is on the path of obliteration.

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July 25, 2018, 09:48:29 AM
 #42

Noway, to what i know ,bitcoin technology will keep developing, It will never be obliterated
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July 25, 2018, 09:54:35 AM
 #43

It may happen in the future. because of the development of internet, there will be some thing replace bitcoin technology
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July 25, 2018, 10:01:44 AM
 #44

Bitcoin is still existed and the blockchain of it was still there and recognizing by other token,so why do you say that? its obviously that you are spreading a fud.

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July 25, 2018, 10:21:07 AM
 #45

Bitcoin Technology is not obliterated nor out of date. Though there are many problems such as high fees and slow transaction confirmation that are giving a bad day to the bitcoin users but this are just small problems. Bitcoin are now having an option to adopt a lightning network to solve the problems that it has. Also bitcoin will have new developments in the future and it will not be left behind.

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July 25, 2018, 10:26:35 AM
 #46

People who think that bitcoin technology will be eliminated is clear that the person is someone who hates bitcoin. I think some network-related problems in bitcoin are not problems that make this technology must be eliminated because bitcoin has developers who are constantly looking for solutions to solve these problems so that in the future the purpose of bitcoin can be realized.



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August 15, 2018, 02:32:52 AM
 #47

Bitcoin mining does not require expensive fees, if compared to the electricity needed by the Bank and other Financial Institutions.

and Bitcoin is also created for the good of the future so that not much electricity is used and paper money is scattered.
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August 16, 2018, 01:33:01 AM
 #48

Let’s just hope then that lightning technology succeeds. Think of bitcoin as a work in progress. It needs some fine-tuning, but it has already established its many uses and advantages. Something that is useful and revolutionary won’t go obsolete. It will be embraced for sure. When have we refused anything that will change our lives for the better?
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August 22, 2018, 03:29:25 AM
 #49

Is it too early to worry about Blockchain being obsolete? Should a ten-year-old kid worry that it'll be getting old in the future? I mean Blockchain is still too new and hasn't boomed yet. It has yet to be made use of  to its fullest as of now. While a bunch of companies see its potential and find way to maximum its benefits, you are pondering that it will get obliterated.
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August 22, 2018, 03:30:00 AM
 #50

Do you know how long phone it has been since the first mobile phone was invented? The world’s first mobile phone call was made on April 3, 1973. 45 years has gone but is it an old-hat? Of course not. By contrast, cell phone is getting more and more popular. Why? Because it has been improved to meet human's demands. The same to blockchain. 10 years is too short for a new technology to die, especially when it has a lot to exploit. In the future, Blockchain are the core technology for inventors to create and invent new appliances serving our lives.
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August 22, 2018, 03:30:28 AM
 #51

Do you think that you are against the majority who are undoubtedly believe that Blockchain will bring the world the most cutting-edge? Blockchain technology is called the future technology and now it has been beyond the digital assets like Bitcoin. Bitcoin was born ten years ago but why it didn't gain as much attention as now until last year? 10 years, is it too long? We can't call an 10-year-old boy old. And even if a product has been existing for years, we can't call it obsolete. Old doesn't mean old-fashioned. What should be noticed is that that product is still in need and hes been improving itself to adapt to market changes.
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August 22, 2018, 03:34:13 AM
 #52

Bitcoin is a brand new asset. Almost every country is finding a way to come closer to a cashless society. Bitcoin is the right fit for this. As for Blockchain, it's even more highly appreciated than Bitcoin. Why are you so pessimistic while a lot of people are believing in the Blockchain technology whose future seem very bright and rosy?
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August 22, 2018, 03:46:03 AM
 #53

As far as I know, in bitcoin, in addition to the network of lightning, are going to introduce a number of improvements that will raise it to a new quality level. As for energy consumption, renewable alternative sources of energy, such as solar and wind energy, are growing and developing in the world, which are enough to fully satisfy the energy demand. Therefore, this should not be a problem.

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August 22, 2018, 03:47:20 AM
 #54

I think that a few years ago this discourse was circulating but the reality is that bitcoin is growing rapidly
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August 22, 2018, 07:47:11 AM
 #55

bitcoin technology is being obliterated? it has been almost 10 years since the creation of bitcoin and even a lot believe that the mass adoption has already happened but due to all the problems that the bitcoin network has for its operation it would be obsolete in the future, not to mention the monstrous energy consumptions that the bitcoin network.


Regardless of the news source you get, are you aware that Bitcoin technology is indeed being obliterated, there is an attempt to obliterated bitcoin technology by news like that. this is not really because Bitcoin has network problems and energy consumption for its operations.

Do you not realize bitcoin and everything in it is always be labeled negative, in addition to issues of money laundering, drugs, and terrorists, also with the issue of energy consumption that is not environmentally friendly.

In other words, bitcoin and everything in it is not like what is always reported. The news always says that bitcoin is often used for all types of illegal activities so it must be stopped, come on ... long before bitcoin exists, fiat money is a currency that is always used for all illegal activities, but there no real effort to eliminate fiat money isn't it? Likewise, with the issue of bitcoin energy consumption that can damage the environment, Well.. factory waste that has obviously polluted the air and polluted the river, there is almost no news about it.
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September 17, 2018, 02:58:31 PM
 #56

I think that news is not true because bitcoin will be eliminated they didn't understand that bitcoin technology is being obliterated by what you mean. Because of technology we more advance and updated in happening to our surrounding.

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