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Author Topic: will bitcoin become obsolete?  (Read 4860 times)
estupido
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September 14, 2018, 03:19:58 PM
 #481

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?
if prices continue to decline I believe Bitcoin will one day get there.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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takihaha
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September 14, 2018, 04:13:07 PM
 #482

bitcoin and blockchain system developers can continue to develop the blockchain system, your use and demand is degrading under its bottom. But I do not really think that script will ever reach the authority of bitcoin.
cjinny
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September 14, 2018, 04:22:16 PM
 #483

If only there were technologies that could be better than blockchains that could produce valuable types of coins such as bitcoin, I am sure that at the moment blockchain will become obsolete, but currently there is no technology that can make blockchain. All cryptocurency technologies still adopt a little Blockchain technology.
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September 14, 2018, 04:54:07 PM
 #484

No I do not that this can ever happen because bitcoin has a lot of users who take good care of it every time.Due to its users only bitcoin is the topmost cryptocurrency in the market and is the most expensive one.It has the largest number of users than any other digital currency.
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September 14, 2018, 05:24:23 PM
 #485

Most definitely it will. I believe as soon as we have a new type of computers available, i.e. quantum computers. Not only will that technology change the way we do computing, it will also render all the software and other binary-digital-electronic-computer-based products obsolete, including blockchain and, consequently, bitcoin. Maybe Bitcoin will be upgraded to its quantum-computer-based version, but its old-type version will become obsolete.
EmmaBen
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September 14, 2018, 06:59:15 PM
 #486

Maybe, because the will be improvements in the future.
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September 14, 2018, 07:04:55 PM
 #487

we still don't know much about bitcoin and bitcoin only develops and will reveal to us many secrets about what we will learn in the future. Bitcoin gives us proven capabilities by which we work and improve, so bitcoin will always be in demand because bitcoin is the ancestor of all this.
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September 14, 2018, 07:05:13 PM
 #488

Though no one can ensure about it. Before bitcoin hit, There was Mavrodi currency in Russia, everyone was telling that Mavrodi will stay forever, but they are gone now. Bitcoin is nothing except an online currency. If we give it a value, it will stay longer, but if people move away from bitcoin, then bitcoin has no power to stay at high price So, the main power is people. People are making huge money with bitcoin and cryptocurrencies. They will not leave bitcoin for sure. So, I want to say, Bitcoin will not obsolete. This is my point of view only.

kucing garong
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September 14, 2018, 07:58:48 PM
 #489

Of course you can, many countries have accepted crypto as a currency. And even they have their own crypto, so there is no reason these countries want to regulate crypto to not be able to do it.
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September 14, 2018, 08:23:39 PM
 #490

From your analogy, it is possible it becomes obsolete if the blockchain technology becomes obsolete since bitcoin is built on this platform but this is a dream that might probably not come to pass
deus030518
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September 14, 2018, 09:32:07 PM
 #491

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?

For now the bitcoin will not be obsolete cause there are still many people who believe in bitcoin. It will only happens if the people will stop believing on bitcoin, thus it will not happens for now cause the bitcoin is indemand right now even the price of it is too volatile.
nauredok
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September 14, 2018, 09:36:30 PM
 #492

Only time can tell when will bitcoin and other leading cryptocurrencies become obsolete. But many coins might be gone long before they become obsolete and the first sign is their delisting from the crypto exchanges.However, if bitcoin is compared to gold, I'm not sure bitcoin won't be obsolete because it will be like gold and still worth it. The amount of bitcoin is limited to gold, but with these limitations will make bitcoin have a high value.
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September 14, 2018, 10:13:05 PM
 #493

Bitcoin from my point of view will remain king for a very long time regardless of its down trend presently. At the end, it will still be bitcoin reigning, all these other alt coins exist because of bitcoin, and the mostly derive their value from it. For me, It remains the backbone of the blockchain world so i doubt if it can ever become obsolete.
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September 14, 2018, 11:02:44 PM
 #494

Bitcoin was published in 2009, now it is 2018! Almost 9 years passed, bitcoin popularity is only growing. Haters, Fudder or jealousy people tried hard to down bitcoin popularity, but they are failed. Bitcoin helped a lot of people to make money easily. By seeing these things, I think Bitcoin will not obsolete! Rather after ending this bear market, bitcoin price and popularity will be sky high again and again.
andika2018
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September 15, 2018, 12:36:51 AM
 #495

Only time can tell when will bitcoin and other leading cryptocurrencies become obsolete. But many coins might be gone long before they become obsolete and the first sign is their delisting from the crypto exchanges.However, if bitcoin is compared to gold, I'm not sure bitcoin won't be obsolete because it will be like gold and still worth it. The amount of bitcoin is limited to gold, but with these limitations will make bitcoin have a high value.

I am agree with this opinion. Maybe in next few years, peoples creating new coin with new technology and many feature than bitcoin, but i dont think bitcoin become obsele because bitcoin can be store of value, its like ditigal gold
Otsu
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September 15, 2018, 01:47:39 AM
 #496

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?

Well, all things will possibly become obsolete except for changes because this is the only constant in this world. But for now, it's hard to say that bitcoin will go into that since nowadays, we are in a new era where digital world are acknowledged by most of the people because it is easy and more covenient than the traditional ways.
Jian_Liux
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September 15, 2018, 02:04:01 AM
 #497

Bitcoin will become obsolete over time, but that does not mean it will weaken. Bitcoin is the first cryptocurrency and became the king of crypto, because until now I see the price movement of crypto always moves following the price of bitcoin. along with the development of the era, one day bitcoin will become obsolete but increasingly popular and demanded by many people and has a much higher selling value.
kawaihito
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September 15, 2018, 02:11:48 AM
 #498

I don't agree with you. It seems to me that bitcoin will keep update and still be our trend in the future
AshleyCarter67
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September 15, 2018, 03:06:10 AM
 #499

At the present time, I do not think Bitcoin is outdated because it is certain that, in the Cryptocurrency market, no coin is capable of defeating Bitcoin, they do not actually make Bitcoin lose. balance. Bitcoin actually grows for a very long time. If there is any coin that wants to break Bitcoin's limits at the moment, they need a breakthrough in every aspect.
redhorsebeer1980
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September 15, 2018, 03:15:29 AM
 #500

Everything in the crypto coins has the potential to be obsolete but for now Bitcoin will not.Bitcoin has been acheiving and established flatform to developed.Bitcoin is still the best coin in this crypto world.
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