What "event" will be the nail in the coffin for your Bitcoin goals?

[squatter]

"someone must make the call" ... um no. thats the centralised mindset.
solution
not having a reference client that has a moderation policy and a 3 step judging system to even get a proposal wrote to code. and only the proposals that fit their roadmap get accepted.

That's because most Bitcoin developers support that roadmap. Not just Core developers, but Bitcoin developers generally. It's not because there's some secret cabal that's dictating the future of Bitcoin development.

As FOSS, Bitcoin development is consensus-based. Sorry, but there is no charity for unpopular ideas.

If alternative implementations were relevant in terms of developer activity, robustness and testing, they would be more relevant to the direction of Bitcoin development as well. But... they're not relevant.

[Herbert2020]

price is important of course because even if we deny it, we have "invested" in bitcoin but it is not the determining factor for my involvement with bitcoin or for owning. that factor is mostly the decentralization feature and the fact that bitcoin is  censorship resistant.
basically for me bitcoin has a certain definition. a decentralized currency without any limitations. if any of these attributes change and some day i feel that bitcoin is no longer satisfying then i will stop using it no matter what the price is or where it is headed.

[Kakmakr]

I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.

I entered Crypto currencies, because it gave me some financial privacy <not for criminal use>, so if I found out that this was only a smoke screen, then I would definitely exit the scene.   

[Kprawn]

price is important of course because even if we deny it, we have "invested" in bitcoin but it is not the determining factor for my involvement with bitcoin or for owning. that factor is mostly the decentralization feature and the fact that bitcoin is  censorship resistant.
basically for me bitcoin has a certain definition. a decentralized currency without any limitations. if any of these attributes change and some day i feel that bitcoin is no longer satisfying then i will stop using it no matter what the price is or where it is headed.

Yes, some of the key features of Bitcoin is not negotiable. The main problem is the services that are attached to the

technology. People are not using Bitcoin in the way that it was designed to be used, namely as a P2P payment network and

the direct consequence of that is the fact that many of these features are being destroyed by the 3rd party services that are

being used. (Examples : Exchanges / Wallet providers / Payment processors etc.) We need to go back to the White paper and

reconsider the vision that Satoshi had for Bitcoin. We are selling that vision for "Ease of use" / "Profit" / "Convenience" and

to bend over for government acceptance.  

[talkbitcoin]

I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.

I entered Crypto currencies, because it gave me some financial privacy <not for criminal use>, so if I found out that this was only a smoke screen, then I would definitely exit the scene.   

that may already be happening with certain altcoins such as Ripple and Ethereum and Dash and are the most centralized and somewhat shady coins  that are controlled and managed by centralized groups of people but that can not happen with bitcoin as long as we keep it decentralized like it is today.

[suzanne5223]

Probably some things like the government implementing a heavy ban on bitcoin. Heavy meaning point-a-gun-in-your-head level ban. Though quite unlikely, it's still theoretically possible. Take note that this is just in an "investment" perspective though. If such thing comes to existence, I expect people to be panic selling. No doubt. I definitely would still be interested in bitcoin, but of course I wouldn't want my holdings to decrease in value by a huge percentage as I definitely would still want to live a decent life(and not in poverty).

I supported what you said. Although, vitcoin have proof it worth during the time of high criticism and FUD by the government but we both know that the goovernment know to do things for their own selfish reason. Therefore, world wide totally ban will be the reason for me to nail in coffin my bitcoin goals.

[posi]

I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.

I entered Crypto currencies, because it gave me some financial privacy <not for criminal use>, so if I found out that this was only a smoke screen, then I would definitely exit the scene.   

that may already be happening with certain altcoins such as Ripple and Ethereum and Dash and are the most centralized and somewhat shady coins  that are controlled and managed by centralized groups of people but that can not happen with bitcoin as long as we keep it decentralized like it is today.
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I already nail in coffin my own goals of investing into ripple and dash either but I'm still not sure concerning Ethereum but every rely on team respond. However, the things that could make me nail in coffin my bitcoin are if government centralized it and if it is total ban nation wide.

[ChristinBenly]

"Surrounded wall garden" where people can not view or modify the source or create the software they want to create. That is the most important thing for me.

[BrewMaster]

...  if it is total ban nation wide.

it is interesting that 4 users already mentioned ban as their "nail in the coffin" i wonder if this is a majority thing since this topic doesn't have that many replies yet. maybe a poll would be nice?
i myself don't care about bans. in fact one of the reasons why i am using bitcoin is the fact that nobody can "ban" me from using it. so i don't see how a ban can change my mind.

[CodyAlfaridzi]

The trigger must be something other than the price. (Example : Major change in the Bitcoin code / Core developer leaving /

Flaw in the protocol / The introduction of a much better technology etc.)

Let's see how many different triggers could cause a mass exodus of Bitcoin supporters. 

A much better technology would definitely drove me away from Bitcoin. I mean there's no point holding on to previous tech when it has been outperformed by the latest one. Just like how fiat and other digital payment would be outperformed by Bitcoin in a few years.

I doubt there would be a major flaw in the protocol considering how cautious the developers are making a change to the code. Most bugs are not threatening so far. Also, if the environment of Bitcoin has drifted from the values that I believe in, I would leave Bitcoin too.

[squatter]

...  if it is total ban nation wide.

it is interesting that 4 users already mentioned ban as their "nail in the coffin" i wonder if this is a majority thing since this topic doesn't have that many replies yet. maybe a poll would be nice?
i myself don't care about bans. in fact one of the reasons why i am using bitcoin is the fact that nobody can "ban" me from using it. so i don't see how a ban can change my mind.

I don't see a ban as the "nail in the coffin" but I wouldn't say I don't care. When it comes to small countries like Algeria, it's insignificant.

What about a coordinated ban among world superpowers? How robust is Bitcoin, if major governments start raiding miners and pushing transactions/mining into the black market? What can we do to make it more robust, so that miners and users can safely operate under such conditions?

[gowobonyok]

Well I have great reason that I am involved in bitcoin. Bitcoin is the biggest and most valuable coin in the cryptocurrency world and it has done greatly.
 Right now there is no logical reason to leave bitcoin but one of the reasons that will make me leave bitcoin is if bitcoin becomes a security token thereby making it under the regulations of external bodies like sec, or any governmental bodies

I'm just interested if bitcoin is under government control, but I think it will make bitcoin safer again. but from that, I also have a reason why I have to go, that is if the government limits the number of transactions from other countries, or takes high taxes on it.

[pooya87]

A much better technology would definitely drove me away from Bitcoin. I mean there's no point holding on to previous tech when it has been outperformed by the latest one. Just like how fiat and other digital payment would be outperformed by Bitcoin in a few years.

that probably wouldn't happen in our lifetime since bitcoin is the new technology that was created to replace the old one and also because bitcoin is also advancing, it didn't stop at 9 years ago. the foundation of it is the same but it has been improving and adding additional features. for example with LN there will be another 100 steps forward for bitcoin.

[squatter]

A much better technology would definitely drove me away from Bitcoin. I mean there's no point holding on to previous tech when it has been outperformed by the latest one. Just like how fiat and other digital payment would be outperformed by Bitcoin in a few years.

that probably wouldn't happen in our lifetime since bitcoin is the new technology that was created to replace the old one and also because bitcoin is also advancing, it didn't stop at 9 years ago.

You got a crystal ball or something?

Bitcoin does have its drawbacks after all. Decentralization is inefficient and costly for users, and POW mining consumes a lot of power.

What if technology emerges that solves third party trust without some / all of those downsides? A lot of people are definitely working on it. I know the technology doesn't exist today, but it would be silly to write off that possibility.

[Kakmakr]

I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.

I entered Crypto currencies, because it gave me some financial privacy <not for criminal use>, so if I found out that this was only a smoke screen, then I would definitely exit the scene.   

that may already be happening with certain altcoins such as Ripple and Ethereum and Dash and are the most centralized and somewhat shady coins  that are controlled and managed by centralized groups of people but that can not happen with bitcoin as long as we keep it decentralized like it is today.

I am not to bothered by other Alt coins, because I am primarily invested into Bitcoin.  The conspiracy theorist side in me says that Mike Hearn & Gavin were working for these agencies and that they were mandated to take control over Bitcoin and it failed with Bitcoin XT, so in my opinion there were attempts by these agencies to take control.

I am more bothered that all of this was simply smoke & mirrors and that they developed Bitcoin from the start. 

[Pursuer]

I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.

I entered Crypto currencies, because it gave me some financial privacy <not for criminal use>, so if I found out that this was only a smoke screen, then I would definitely exit the scene.   

that may already be happening with certain altcoins such as Ripple and Ethereum and Dash and are the most centralized and somewhat shady coins  that are controlled and managed by centralized groups of people but that can not happen with bitcoin as long as we keep it decentralized like it is today.

I am not to bothered by other Alt coins, because I am primarily invested into Bitcoin.  The conspiracy theorist side in me says that Mike Hearn & Gavin were working for these agencies and that they were mandated to take control over Bitcoin and it failed with Bitcoin XT, so in my opinion there were attempts by these agencies to take control.

I am more bothered that all of this was simply smoke & mirrors and that they developed Bitcoin from the start. 

there has definitely been a lot of take over attempts in the past, both directly for taking over bitcoin itself or indirectly to take over bitcoin by pumping their altcoins and making people move their money there. for example Dash that was mentioned is one of the groups that funded the spam attacks of last year against bitcoin to increase the backlog and the fees so that they could advertise their coin more and get it used more.... they failed in the end though.

[BrewMaster]

...  if it is total ban nation wide.

it is interesting that 4 users already mentioned ban as their "nail in the coffin" i wonder if this is a majority thing since this topic doesn't have that many replies yet. maybe a poll would be nice?
i myself don't care about bans. in fact one of the reasons why i am using bitcoin is the fact that nobody can "ban" me from using it. so i don't see how a ban can change my mind.

I don't see a ban as the "nail in the coffin" but I wouldn't say I don't care. When it comes to small countries like Algeria, it's insignificant.

What about a coordinated ban among world superpowers? How robust is Bitcoin, if major governments start raiding miners and pushing transactions/mining into the black market? What can we do to make it more robust, so that miners and users can safely operate under such conditions?

well that is a very extreme case you are describing here and in that case it would become some sort of exception to what i said. obviously nobody wishes to use something that is globally banned and has a bad reputation because of it.

but i do believe that this will never happen which is why i said what i said above. it is more about one country (like India for example) banning usage of bitcoin while the rest of the world have been adopting bitcoin with open arms.

[revben]

Yes, bans has worked so great for drugs and alcohol before it. If the is still around, then Bitcoin will still be around. Technically you just one miner, powerful enough to transactions, so really, they cannot ban Bitcoin.


The breakout will be when the those that lead the FEC, decide to buy some, and thus are forced to recongnize it was worthy.

[DooMAD]

I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.

I entered Crypto currencies, because it gave me some financial privacy <not for criminal use>, so if I found out that this was only a smoke screen, then I would definitely exit the scene.  

Personally, I don't think I'd have a problem with that.  Call me blasé, but if it did turn out to be one of the three-letter-agencies who were responsible for opening Pandora's Box, the simple truth is, it's out of their hands now.  It's no longer controllable by them or anyone else.  

Regardless of where it came from, it's ours now.

[BitBite5]

I don't think that something will happen that will actually influence on my dedication to bitcoin.
Price is important, that is true but it's not the only factor that keeps me with bitcoin as for now I see other advantages that with time will only become more significant so I don't have intention to give up.