Bitcoin May Extinct

[fullhdpixel]

First, satoshi has already created an independent currency, so nothing is going to  happen even if satoshi dies, if you fully have the knowledge of bitcoin very well, you would also see that the absence of satoshi right now is to test this, so bitcoin is already a standalone coin which is making it become more useful as it is not being controlled, which also would make it very difficult for government to be able to ban it because it is not a centralized system, , bitcoin operate on a decentralized technology and I read that the US has even made some moves in the past to ban it which was never successful, so not now that the coin has really advanced that they will be able to ban it. I am not scared of bitcoin at all as I know that it will last for a lifetime.

[1kings]

It'd require a catastrophe to go into extinction. BTC has come to stay.

[djefes]

All I am saying is bitcoin will be attacked. I strongly think that it will possible to harm the chain if someone skillfull like satoshi wants to do it. I actually dont care much because I see bitcoin as an idea, not the king of the market. It has clearly started a revolution and we are headed to somewhere better thanks to it.

[Wind_FURY]

Gents, Am I the only one thinks that bitcoin can be erased in the same way it is created? Dont you think any attack can kill it?

Unless the Proof of Work bug is solved, Bitcoin will destroy itself.

What bug?

OP, Bitcoin as a software experiment/protocol could fail, BUT the idea that a provably scarce, self-sovereign hard-money is possible will live on.

The cat is out of the bag.

[EdvinZ]

Something bad can happen to Bitcoin. It is hard to believe, but it is still a very young technology, and it is unknown what awaits Bitcoin in the future. Therefore, you need to invest in it reasonable money, not all your savings. But 10 years is also a very solid period of operation of the Bitcoin network. During this time, she experienced a number of difficulties, which she successfully coped with. Let us hope that this will continue.

[Google+]

indeed such fear will always exist but I am sure bitcoin will still survive even though satoshi nakamoto is dead, and bitcoin still stands alone nobody can control bitcoin even the government is also unable to stop the circulation of bitcoin, bitcoin will never die because bitcoin has been created and stored in many places so that bitcoin is hard to die.

[DabsPoorVersion]

indeed such fear will always exist but I am sure bitcoin will still survive even though satoshi nakamoto is dead, and bitcoin still stands alone nobody can control bitcoin even the government is also unable to stop the circulation of bitcoin, bitcoin will never die because bitcoin has been created and stored in many places so that bitcoin is hard to die.

But such fear should not come first when it comes to bitcoin. Bitcoin is a type of asset that can survive for a long time.
We all know that bitcoin has been in this industry that has been considered not just an investment but also a way to make a transaction.

[skarais]

Bitcoin is a work of technology development. I don't think technology will die after it is presented to the world. Unless there is not the slightest development from it and its use is very little. Bitcoin since being introduced to the world has made people interested. A strong community has led me to believe that bitcoin will last longer than expected.
Traders, investors, companies, have made bitcoin one of the most expensive digital assets, and now its popularity is increasing. What should be doubted ?

[Edraket31]

Bitcoin is a work of technology development. I don't think technology will die after it is presented to the world. Unless there is not the slightest development from it and its use is very little. Bitcoin since being introduced to the world has made people interested. A strong community has led me to believe that bitcoin will last longer than expected.
Traders, investors, companies, have made bitcoin one of the most expensive digital assets, and now its popularity is increasing. What should be doubted ?

Bitcoin will really last longer, we are now in the world of technology, wherein the technology is evolving day by day, many inventions everyday that making the life of people easier and more comfortable, it may not in this decade, but in the upcoming decades for sure that we will evolve more in technology and possible that money will be in digital.

[djefes]

Why do we want bitcoin to last? Because of the tech? The technology has already opened a new era. It is already developed much and there is no need for bitcoin to be alive after new coins become well know and independent from bitcoin price effect. Bitcoin mining is the craziest thing people do to the earth. Cmon guys. Lets stop being fanatics. I have earned a lot thanks to bitcoin but I dont think it should still be mined for years. What world needs is a cryptocurrency with privacy and doesnt require this much energy and they are already exsist. The problem is they are still dependent to bitcoin. When time comes, bitcoin will only harm the world, nothing else.

[Kakmakr]

Your mind is all over the place, because you say on the one hand that you believe in Bitcoin, but on the other hand you have loads of concerns and you doubt the technology. 

Do a little bit more research on decentralization <P2P networks> and how that protected previous systems from government take downs and how this is also helping Bitcoin. 

Did the ban on alcohol stop people from brewing their own alcohol and trading and selling it in the USA? <One of the most powerful countries in the world?>   

[shoreno]

no no your not alone with that paranoia of yours because i did also think sometimes that btc can pop up and completely dissapear but the percent for that to happen is too low . what if satoshi dies ? btc is still here because its already been established .

what will happen if btc stands alone ? nothing really special.  look at btc now , it stands alone without its creator but it seems to be fine . banning globally is not possible so not all are thinking the same of killing btc and they cant possibly do it . btc is like gold but gold can also possibly disseaper and infact its extinct now . you can protect your own btc by doing saftey measures whether you store it on exchange or on a wallet .

[airdnasxela]

You don't have to worry much about that because it is very unlikely to happened that all government will ban bitcoin. We're aware that some government are positive towards bitcoin. I think op you overthink too much. Even though all government can go against bitcoin, I bet it won't happen.
Who should protect bitcoin? Not the exchanges and not the top holder, but us. Everyone who's into bitcoin is obliged to protect bitcoin. Because you don't want bitcoin, you wouldn't.

[Expecto]

Truthfully, there is always a possibility for a cryptocurrency to extinct, even for Bitcoin. But there is an obvious thing that Bitcoin is the most dominant cryptocurrency in the market and I think it is the last to be erased.

[mazdafunsun]

Sataoshi may very well be dead already , he has not been active for years now.
It doe snot matter if goverments ban bitcoin, it will live on , goverments ( not all) are stupid enough to ban it , they know that it will go under gorund otherwise.
There are 2 real threats.
1. 51% attack
2. Quantum computing.

[DatKing]

It doesn't seem too possible to me that Bitcoin will be banned globally. Of course, there are countries that doesn't like Bitcoin or any other cryptocurrencies but they wouldn't want to take a risk by banning cryptos. In an economic recession, cryptos and gold will be very important.

[magneto]

Satoshi has nothing to do with bitcoin now.

The bitcoin ecosystem has survived the better half of a decade without Satoshi's intervention, which is good in the way of decentralisation anyway. I don't know why you believe that somehow BTC will die after this.

Even with quantum computers, bitcoin can simply fork to adjust its algorithm to a quantum resistant one.

[joinfree]

Gents, Am I the only one thinks that bitcoin can be erased in the same way it is created? Dont you think any attack can kill it?

https://hackernoon.com/bitcoins-biggest-hack-in-history-184-4-ded46310d4ef

If this happened, anything can.
What will happen after satoshi dies?
What will happen when bitcoin stands alone.
What will happen if it is banned globally?
What if goverments start working on killing bitcoin?
Dont you think goverments can work on it to kill it?

It's normal to have such fears but let's consider the growth of bitcoin at the moment and ask ourselves whether it's worth it to harbour such fears. Bitcoin has been in existence for over a decade without the emergence of Satoshi Nakamoto, yet the network is still thriving. It's difficulty level has increased across the years and this also makes it absolutely impossible to suffer any form of 51% attack. Well governments have the power to restrict it's use but not kill it because if we the people decide to use it we can do so even without their authorization.

[Ashong Salonga]

Yes it may extinct but it does not mean that bitcoin is no longer profitable. As a matter of fact, bitcoin falls but still have a higher value compared to other coins. Bitcoin has its own definition of powerful and it never gets old. A lot of people are trusting it until today.

[Wintersoldier]

Yes it may extinct but it does not mean that bitcoin is no longer profitable. As a matter of fact, bitcoin falls but still have a higher value compared to other coins. Bitcoin has its own definition of powerful and it never gets old. A lot of people are trusting it until today.

Basically extinction will not gonna happen unless people will no longer utilize using cryptocurrency such as bitcoin. The main reason for me that will be the cause for bitcoin to be extinct is when people will spread and continue to make a bad reputatuon for bitcoin. In a sense that the situation before, people are making false investment platform to attract small scale investors, as a result, it turn into ponzi scam that makes the reputation of bitcoin miserable.