Bitcoin Cannot Die. It is Impossible. Under Any Circumstances.

[Lambolife]

Never say never!
Although i can only see two reasons why or how bitcoin would end, no
internet and no interest.

Obviously if there is no internet we cannot function

I'm glad you said that because I'd like to inform you that the Bitcoin blockchain is being broadcasted from space via satellite. And it has coverage for the whole world except Antartica and Greenland.

if people stop
using bitcoin well that could prompt an end but that is highly unlikely,
bitcoin promises too much.

There will always be those of us who dont fully want to conform to a
traditional currency and banking system, bitcoin offers an alternative
and will continue

If a bird trapped in a cage its whole life discover that they could get out of the cage, would they not do it?

[KingScorpio]

Bitcoin cannot die under any circumstances. Ever!

Why? Because Bitcoin is an idea. An abstract idea. It cannot be destroyed.

I wanna emphasize this because a few days ago I posted a thread on the Economics section asking people if they thought Bitcoin was over.

And I've thought a lot about the answers I got and continued to reflect.

And here is my realization which is better explained in video with visuals https://youtu.be/i6mBiboKg4Q

If you disagree, it's okay. But please articulate it in a friendly manner. Life is too short for internet quarrels right?

jes but world will still mutate into a situation in which others will also create their "coins" and then come to you and propagate you directly their coins, and you will look like lousy failed capitalists that want everyone to submit under their cryptoindex and worldview

[yesyes18]

as we've all realized, but for a great community support, the Bitcoin idea and initiative wouldn't be possible. Fact is that even amidst te major crushes and bubbles Bitcoin has endured, it always had the last men standing that ensure the survival of the tech, and that's why we're still hanging around. I think something big lies ahead in the future.

[AjithBtc]

Bitcoin is a successful outcome from the potential blockchain technology. Until now it has died infinite number of times, because at a same time different users come with different thoughts. One describe the fall in value as death while the same is mentioned by the other as the time to stabilize and so on, so death happens virtually and the usage continues making it grow.

[aoluain]

Never say never!
Although i can only see two reasons why or how bitcoin would end, no
internet and no interest.

Obviously if there is no internet we cannot function

I'm glad you said that because I'd like to inform you that the Bitcoin blockchain is being broadcasted from space via satellite. And it has coverage for the whole world except Antartica and Greenland.

if people stop
using bitcoin well that could prompt an end but that is highly unlikely,
bitcoin promises too much.

There will always be those of us who dont fully want to conform to a
traditional currency and banking system, bitcoin offers an alternative
and will continue

If a bird trapped in a cage its whole life discover that they could get out of the cage, would they not do it?

Not everyone can see or wants to see the benefits of bitcoin, a lot of
people are happy to "trust" banks and believe their perceived "caring"
outlook for their customers. Others are happy with their lot and are
not willing to open the cage and fly away.

RE: internet, yes I forgot about Blockstream. So yes internet is not
needed for bitcoin transactions.

[mickeybuddy27]

I don't agree with that. I definitely believe in Bitcoin's future. But it is not certain that Bitcoin never dies. It may! But it won't possibly.

Bitcoin has a many risks. But yes it has a great community support.

It could gonna die but take long time for that. For the meantime let's enjoy having it though it is risky to invest with. It is beneficial to have it. It is the very potential blockchain which is popular in everyone. It is being use for fast transactions as a currency rather an asset which is the goal of creating it. Bitcoin gonna die but it could give a good future before that happen.

[Denton]

Cryptocurrencies as such will not go anywhere. Bitcoin will hold the first place for a long time, because people believe in it. We cant know for sure what kind of coin can replace bitcoin, but so far there is no such coin.

[KingScorpio]

Cryptocurrencies as such will not go anywhere. Bitcoin will hold the first place for a long time, because people believe in it. We cant know for sure what kind of coin can replace bitcoin, but so far there is no such coin.

because current cryptoindex mafia will protect it and not list any big altcoins with huge marketcapitalisation?

except like it was the case with ripple and the million usd bribe

thats rather the case why bitcoin will stay "rank 1"

[anaumar]

in my opinion everything will end that is when the doomsday comes, but if bitcoin dies besides because it seems to me it won't happen because bitcoin has a strong fundamental and has become a part of life for many people

[maxamus]

in my opinion everything will end that is when the doomsday comes, but if bitcoin dies besides because it seems to me it won't happen because bitcoin has a strong fundamental and has become a part of life for many people

Yes it is impossible that bitcoin can be easily wiped out of crypto market. Today everyone is familiar with Bitcoin and most of the countries started accepting as for trade buying anything and paying through wallet in btc. so it is very rare case that happen but i don't think bitcoin will be completely vanished out of market.

[Harkorede]

But the hype is dying down now for the industry

Logically, Hyping is not necessarily what Bitcoin needs for now, and Over hyping is one of the reasons for the current state of the market, I mean people are either expecting to make 10x profit in short period or waiting for a bull run at which they can cash in out their coins at the end of every year. I'd rather see a steady use and gradually but lasting increase in the price Bitcoin than another hyped bull run which could lead to a much more longer bear market.

[Zin-Zang]

Bitcoin cannot die under any circumstances. Ever!

Why? Because Bitcoin is an idea. An abstract idea. It cannot be destroyed.

I wanna emphasize this because a few days ago I posted a thread on the Economics section asking people if they thought Bitcoin was over.

And I've thought a lot about the answers I got and continued to reflect.

And here is my realization which is better explained in video with visuals https://youtu.be/i6mBiboKg4Q

If you disagree, it's okay. But please articulate it in a friendly manner. Life is too short for internet quarrels right?

Bitcoin started as an idea, that has been corrupted by the ultra rich.

In the beginning , almost anyone could mine btc and support the network.

Now only the Ultra Rich and their warehouses full of asics can maintain the network.

* Now Bitcoin is nothing more than a overly expensive network that sucks up insane amounts of energy and fiat just to maintain. *
It will die , if the price per coin continues to exceed the market prices.

The Dream has moved to other coins and hopefully one of those will be able to resist the corruption by the elite.

 

[vv181]

Technically bitcoin could cease to exist, but I agree the ideology could survive. The idea of Bitcoin is way ahead and superior to any financial institution. Any government entities are keeping an eye on the cryptocurrencies especially Bitcoin because it could make massive destruction for centralized entities.

[Hallmader]

Ideas cannot just die. They will endure forever, most often beyond comprehension. Take for example the flat earth idea. I cannot imagine how perennial it appears to me. Well, Bitcoin is actually not an idea. It is an offshoot of an idea. It is an innovation that was born out of an idea that will definitely outlive Bitcoin itself. Decentralization is the foremost idea Bitcoin is trying to translate into reality. Decentralization will not die. Freedom is another. I guess the thing itself that maintains Bitcoin's life despite all the FUDs and restrictions and deadly dumps is the idea behind it.  

[Callanta787]

Bitcoin can die for sure if people stop using it and if miners stop mining it too,it will become useless and little by little it will fade away ,but I guess that's never going to happen

[Fredomago]

Technically bitcoin could cease to exist, but I agree the ideology could survive. The idea of Bitcoin is way ahead and superior to any financial institution. Any government entities are keeping an eye on the cryptocurrencies especially Bitcoin because it could make massive destruction for centralized entities.

Reality wise bitcoin can be use in replace to payment process, though there's a lots of doubts coming from government institutions and fear that it can destroy the original process, if being well implemented it can also be a good lift for institutional form, there should always be a good intentions and not for the sake of few peoples who can dominate the system, it will not die might grow much wider bigger in this coming future.

[pooya87]

you are wrong because you are only focusing on one part of bitcoin. it is true that bitcoin is an idea but also bitcoin is a currency, a payment system that is working globally and this system like any other system can die one day and disappear. the idea isn't going anywhere and it will be built on but the system itself can go away.

but that doesn't mean it will though at least not for many years, possibly not in our lifetime.

[auliasilvana]

If bitcoin is not used anymore or maybe it is not trusted then bitcoin is worthless and can be said to be dead. But seeing now that bitcoin is growing well and giving a good future, so that thought does not need to exist. The crypto community must increase every period so that it can run well and stay alive.

[KnightElite]

in my opinion everything will end that is when the doomsday comes, but if bitcoin dies besides because it seems to me it won't happen because bitcoin has a strong fundamental and has become a part of life for many people

Yes it is impossible that bitcoin can be easily wiped out of crypto market. Today everyone is familiar with Bitcoin and most of the countries started accepting as for trade buying anything and paying through wallet in btc. so it is very rare case that happen but i don't think bitcoin will be completely vanished out of market.

It is now impossible because people are continuing patronizing bitcoin. Bitcoin will not lose its value if people are continuing buying and using it. The bitcoin community is continuing growing over time, bitcoin has now enough support to overcome its challenges in the market.

[Tahsin Kabir Kollol]

As a bitcoin holder and trader, I agree with your thinking and also believe it. Bitcoin has just started its journey in the world economy and become popular among the world population. Because of some issue, the Bitcoin price was decreased and some people spend rumor about bitcoin. So I think bitcoin will survive for a long time.