Cryptocurrency are gonna disappear

[gccigng]

"Cryptocurrency will go to nothing but blockchain will survive" - Jim Rodgers.

Link to the article: https://goldsilverbitcoin.com/jim-rogers-bitcoin-blockchain-cryptocurrency/

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[darklus123]

The funny thing about his statement is that he stated that eventually the government will interefere with the bitcoin rise , but not blockchain.

We can't deny the fact that it happens to some countries. However it is also undeniable how the government is going to adopt blockchain tech just like what had happened to Bangladesh.

Tho, he also have good points. It is the controlling game from the government that is going to challenge bitcoin economy. However this being untraceable is still much powerful and the main reason why even if there are certain governments who already have pointed their guns out, its people are still using it.

[AGD]

What he calls 'Blockchain' has nothing to do with what I would call 'Blockchain'. I have a slight feeling, that Mr. Rogers doesn't know jack shit about either 'Blockchain' or Bitcoin' or any cryptocurrency. He probably only knows that its price goes up and down.

[gipsongos2]

The advantages that the blockchain offers, namely, decentralization, security, transparency, will eventually become the most relevant. And without them, modern companies will remain in a worse position than those who have already integrated the blockchain into their systems.

[Ranly123]

"Cryptocurrency will go to nothing but blockchain will survive" - Jim Rodgers.

Link to the article: https://goldsilverbitcoin.com/jim-rogers-bitcoin-blockchain-cryptocurrency/

Reading too much of an article which does not totally support their claims will bring no good to you and to the community. If that's the case then try reading the history of Fiat currency. First they think that using money for trading will not prosper but look at what happen today, it still go on without looking back to what it was before. Time will come that people will embrace cryptocurrency and this will never die nor go back to zero.

[krewbfu]

Cryptocurrencies, in turn, do not have such a clear status of use as a blockchain. Of course, we can say that they are independent units for calculations, but they are independent because the blockchain makes them so. No one will say for sure how long the fashion for cryptocurrency will last, because in a decentralized way it is quite possible to send Fiat if agreed with the government.

Cryptocurrencies do not have very strong prospects and their fate depends on how governments perceive their status. We can expect both the extinction of this movement in favor of several strong coins, and the growth of cryptocurrencies that will be created by many services as loyalty systems.

[waitlevvy37]

According to surveys about 80% of people would like to use crypto in the future, and it is worth using their popularity now to get useful investment skills and benefits. and for many newcomers to a crypto world, it’s difficult because you need to learn how to work with financial instruments, which you see for the first time but now when there is a taklimakan platform, it will be easier to figure out to become a full-fledged trader by studying the training materials and advice of experienced investors.

[derymakrt]

According to surveys about 80% of people would like to use crypto in the future, and it is worth using their popularity now to get useful investment skills and benefits. and for many newcomers to a crypto world, it’s difficult because you need to learn how to work with financial instruments, which you see for the first time but now when there is a taklimakan platform, it will be easier to figure out to become a full-fledged trader by studying the training materials and advice of experienced investors.

Although we are happy about which cryptocurrencies are independent, but let's face it. They still exchange for a dollar and it is controlled by the government. So it remains to hope that governments will be interested in expanding the use of the blockchain and will not restrict cryptocurrency. because in my opinion this is a great example of the fact that any object can have value, as long as people believe in it

[btc_angela]

Let's see:

James Beeland Rogers Jr. (born October 19, 1942) is an American businessman and financial commentator based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund and Soros Fund Management. He was also the creator of the Rogers International Commodities Index (RICI).

https://en.wikipedia.org/wiki/Jim_Rogers

Pretty obvious that this is just a old fart like Warren Buffett and Soros so what you you expect from them? They don't understand what crypto is, hence the attack, so don't be surprised by the statement though.

[jossiel]

I don't know that guy but after researching about his name with few descriptions appeared after, I already got him. One describes him is that he's a financial commentator and he's a businessman which mostly defines his expertise in finance.

We all knew it that most of the experts that works for finance were all against bitcoin because they see it as a tough competitor for their businessness. Just like the first few people that said bitcoin/crypto's are nothing and isn't usable.

[Herbert2020]

you can't shut down something that is decentralized and make it disappear as long as people find it useful and continue using it. which is true about bitcoin. it is like saying torrent network will disappear but peer to peer connections will remain! you can't shut down torrent network since it consists of peers connecting to each other and sharing file. bitcoin is a much stronger implementation of a decentralized peer to peer network.

what will disappear is two things: 1. the altcoins without usage that keep being created even if they have the biggest market cap among altcoins 2. the government and bank issue tokens that are more centralized than anything else.

[TIDOVEE]

well!i find it difficult to agree to this, but to say some altcoin even bitcoin may disappear but not all cryptocurrency.of course with the help of blockchain we are sure of having it rather transformed and the idea cannot just perish. the negative impression of many is against bitcoin itself and this is due to the shallow knowledge of it.

[BeManga]

"Cryptocurrency will go to nothing but blockchain will survive" - Jim Rodgers.

i will not agree on it, cryptocurrency have their own purpose
time changes everything we are not in 1930 we need to adopt and upgrade
its funny that some people still think we are in 1930 that goverment will execute people using things with good purpose
instead of going against crypto i think goverment will adopt it and make life easier.

[maydna]

I guess he can say whatever he wants and I guess he wants to make controversial news to the public. But for us who already knew cryptocurrency before will not believe to him because we believe that cryptocurrency will stay for a long time and will help us to gain the benefits of cryptocurrency. I think many people now become smart than the last few years because they already learn the details of the cryptocurrency so they can know more about the cryptocurrency.

I think people will stay calm from that news, and they will react as the market situations, and they will not panic with the bad news that will always come. There will be many more bad news in the future that will release to the public, and we need to stay calm from that.

[Aldrinx00]

I think it's just a speculation from someone that really don't know that much about cryptocurrency and block chain, i think he just based it on the price alone and not the uses cases. Cryptocurrency will be mainstream and if its gonna disappear maybe in a hundred or thousand years if no one will use it.

[hv_]

Most of them will disappear - for good

The DNA (incl PoW)  of it will live forever, tho

[hv_]

you can't shut down something that is decentralized and make it disappear as long as people find it useful and continue using it. which is true about bitcoin. it is like saying torrent network will disappear but peer to peer connections will remain! you can't shut down torrent network since it consists of peers connecting to each other and sharing file. bitcoin is a much stronger implementation of a decentralized peer to peer network.

what will disappear is two things: 1. the altcoins without usage that keep being created even if they have the biggest market cap among altcoins 2. the government and bank issue tokens that are more centralized than anything else.

LibertyReserve ?

Highly decentralized it was

shut down ...

[Slow death]

I died laughing with this:

“The governments have the guns,” Rogers said. “The crypto people will say they are smarter than the government, and they are – my goodness they’re smarter than the governments. But the government has guns. If the government comes in and says you’re not going to do this anymore, you’re not going to do it whether you like it not.”

But he has forgotten that it is the people who put the small group of people ( called government ) to lead the government... eventually thousands of people around the world will be using bitcoin, so all governments in the world will have no choice... Governments will have to accept bitcoin, Of course there will be laws, as expected. He is a person with a very small brain if he can not see it

[phamminhtan]

He doesn't know anything about Blockchain at all, he knows about it ambiguously, in addition to things that increase or decrease abnormally, or maybe he created a wave to profit from it.

[Kakmakr]

I died laughing with this:

“The governments have the guns,” Rogers said. “The crypto people will say they are smarter than the government, and they are – my goodness they’re smarter than the governments. But the government has guns. If the government comes in and says you’re not going to do this anymore, you’re not going to do it whether you like it not.”

But he has forgotten that it is the people who put the small group of people ( called government ) to lead the government... eventually thousands of people around the world will be using bitcoin, so all governments in the world will have no choice... Governments will have to accept bitcoin, Of course there will be laws, as expected. He is a person with a very small brain if he can not see it

This is the little thing that most governments do not get. The government get their guns from money that was collected from taxes and if that dries up then they will be defenceless.    We see a lot of countries where they misuse their power and the tax paying public starts to emigrate or flee the country and take their taxes with them.  

A government is just as strong as the people supporting them and that will end as soon as they start using their guns. In countries where this has happened, the economy of that country starts to fail. <Other countries boycott them or they implement sanctions.>