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Taki (OP)
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March 25, 2019, 07:34:12 PM |
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Hello!
We, all crypto users are wish a long life to bitcoin to it continue to bring us some extra profit on different ways. But one day something new will replace bitcoin. My question is - how many year you give to bitcoin before it will turn totally useless?
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liberox
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>> CryptoMedia.press
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between 175-450 years.
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sunsilk
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March 25, 2019, 07:46:14 PM |
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My question is - how many year you give to bitcoin before it will turn totally useless?
It will turn useless if there's no more miners. But do you think that time will come if miners stop mining it? I'm not even thinking about this given that the total mined coins are about 17.6M and that's near to the total max supply of 21M. I can say for now that bitcoin is here to stay and we're far from seeing that point. |
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xvids
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March 25, 2019, 07:49:51 PM |
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Bitcoin could never be useless unless there is no more people using it,
And I think it wouldn't happen because even if some alt-coin take's Bitcoins place there would still be a Bitcoin supporters that would continue to use it.
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fiulpro
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March 25, 2019, 07:51:06 PM |
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Useless ? What if it's the starting of something big , you know the Bitcoins is improving day by day and the core developers are into programming it in a way that they integrated it with our society now , I don't think it's going to because useless because the era of cryptocurrency just began in 2009 and it still has a lot of scope to grow .
The limitations of paper money is not something that can be entirely wiped out using some other source I think Fiat + cryptocurrency is what the world needs.
Also it's not useless if there are no miners . There still are traders , investors and developers and remember that since new generation is much more elastic it will for sure ensure it's increased life expectancy.
Fiat and Bitcoins ;
Both have many advantages and disadvantages but if they work together it's bound to produce new and more stable economy in the future.
Dead are the things which are useless and not up-to-date not something that still have a lot of scope.
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Kopyleft
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Future of Security Tokens
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March 25, 2019, 08:00:03 PM |
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But one day something new will replace bitcoin.
Not necessarily, the fact that you think so does not mean it us bound to happen, Bitcoin has existed for a decade and it that time it has only grown. Technology always improves, and new prototypes would always be introduced, but the existing technology can also keep improving to stay ahead of the competition |
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1Referee
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March 25, 2019, 08:01:36 PM |
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If something ever replaces Bitcoin, crypto as a whole is fucked. Whatever that replaces Bitcoin will be replaced too at some point and this will continue until crypto has become completely redundant as a whole.
Good thing for Bitcoin is that more and more people start to see it as a digital form of Gold, and the best thing is that more and more people actually buy Bitcoin because of that instead of it being a quick flip investment.
I am not a huge fan of Gold, have also been trashing it when it comes to its usability as money, but there is no comparison in its own field. Gold is absolute in every possible way as precious metal, and that for thousands of years now. I can respect that.
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Zadicar
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Seabet.io | Crypto-Casino
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March 25, 2019, 08:06:01 PM |
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Hello!
We, all crypto users are wish a long life to bitcoin to it continue to bring us some extra profit on different ways. But one day something new will replace bitcoin. My question is - how many year you give to bitcoin before it will turn totally useless?
Anything on this world can be replaced and Bitcoin is on exclusion.Talking about on how many years then i would definitely say that my entire lifetime wont really be enough.  |
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Astvile
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March 25, 2019, 08:08:55 PM |
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Bitcoins journey is unpredictable when it will end,but it will surely end when miners finally quit mining and because miners are the foundation of bitcoin transaction on day by day bitcoin usage will not be available so its a death and end for bitcoin
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Bitcoin_Arena
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฿itcoin for all, All for ฿itcoin.
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March 25, 2019, 08:33:00 PM |
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I really love Bitcoin and the brains behind the whole idea of peer to peer transaction but as an open-minded person "Nothing lasts forever"
Just like any other innovation in the past, it could either be modified to fit its use in the future or It could totally be replaced with something people will think is better.
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MrChow456
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March 25, 2019, 08:57:35 PM |
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I think that soon it will be first end. End of bear market  :* |
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TimtheYoutuber
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March 25, 2019, 09:39:50 PM |
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I dont know how people would even begin to guess. Right now Bitcoin is thriving, and if you see something different get on to that.
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Positivebetting
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jojohamasa
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March 25, 2019, 10:30:38 PM |
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Hello!
We, all crypto users are wish a long life to bitcoin to it continue to bring us some extra profit on different ways. But one day something new will replace bitcoin. My question is - how many year you give to bitcoin before it will turn totally useless?
I think the question is difficult Because we do not have the proper mechanism to calculate it This is if the premise of the demise of BTC is basically correct. |
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tyz
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March 25, 2019, 10:49:20 PM |
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But one day something new will replace bitcoin.
Bitcoin is not a fixed product. It is a protocol. This protocol can be adapted and developed at any time. If it stays dynamic, then there is no reason Bitcoin will eventually be replaced by something else. It's the same with Blockchain technology. Since 2008, it has been steadily developed and there are now offshoots go new ways. Like an evolution. |
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jhongzjhong
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March 25, 2019, 11:15:21 PM |
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But one day something new will replace bitcoin.
Bitcoin is not a fixed product. It is a protocol. This protocol can be adapted and developed at any time. If it stays dynamic, then there is no reason Bitcoin will eventually be replaced by something else. It's the same with Blockchain technology. Since 2008, it has been steadily developed and there are now offshoots go new ways. Like an evolution. If Nakamoto did not make the protocol of bitcoin open source maybe bitcoin now is nothing, because of that anyone of us can develop bitcoin through the code of protocol on Github which is accessible to everyone who wanted to develop. I guess no one got replace on Bitcoin, still, it is the king of all cryptocurrency. |
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Jating
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March 25, 2019, 11:18:17 PM |
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Hello!
We, all crypto users are wish a long life to bitcoin to it continue to bring us some extra profit on different ways. But one day something new will replace bitcoin. My question is - how many year you give to bitcoin before it will turn totally useless?
It will become useless when the price goes to '0'. But do you guys think it's possible? Even if the last bitcoin is mine, people will still continue to hold and trade it. Well, we don't know what the price could be but it definitely will not be '0'. |
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nauane
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March 26, 2019, 12:40:08 AM |
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Hello!
We, all crypto users are wish a long life to bitcoin to it continue to bring us some extra profit on different ways. But one day something new will replace bitcoin. My question is - how many year you give to bitcoin before it will turn totally useless?
This is an interesting question but unfortunately no one can give you right answer for this. If i ask you how many years, fiat will remain in use, no one has the answer for it. It is basically the demand of bitcoin which will determine the future of bitcoins. |
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Dreamchaser21
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March 26, 2019, 01:07:16 AM |
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Hello!
We, all crypto users are wish a long life to bitcoin to it continue to bring us some extra profit on different ways. But one day something new will replace bitcoin. My question is - how many year you give to bitcoin before it will turn totally useless?
I don't want to think for this one because I still have goals to achieve and I want to be happy everyday. I just want bitcoin to stay for good, its really hard to accept this one. But if this things happen, I just hope that all my goals in life are already done because I can't see any ways to earn more money that same with this market. |
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jakelyson
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March 26, 2019, 01:44:54 AM |
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Hello!
We, all crypto users are wish a long life to bitcoin to it continue to bring us some extra profit on different ways. But one day something new will replace bitcoin. My question is - how many year you give to bitcoin before it will turn totally useless?
If we look at the way how technology updates, it will only have a very short life span. But since because bitcoin is a currency, I do not think it will come to that. It will not be totally useless. Just like how fiat is becoming outdated because of online payments and the use of cards. There is a better way to make payments but we still use fiat anyways. |
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philipma1957
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'The right to privacy matters'
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March 26, 2019, 01:50:11 AM |
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Hello!
We, all crypto users are wish a long life to bitcoin to it continue to bring us some extra profit on different ways. But one day something new will replace bitcoin. My question is - how many year you give to bitcoin before it will turn totally useless?
As long as people are alive it will always have some use. |
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