Bitcoin's End Game

[Abiky]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

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[gentlemand]

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments.

Centralbankcoin will make the case for Bitcoin even more compelling than it was before and make the informed want out of the conventional system more than ever. They're not letting up in their lever pulling and it'll become clearer than ever that a system they have total control and surveillance over will be subject to even more weirdness.

I'm not sure what proportion of the population will care about that but it's certainly not a proportion that's going to shrink. As for illegalising it, I can see it happening in crackpot shitholes and piece of shit administrations like India.

In better developed places it's slowly creeping into conventional portfolios. If things like GBTC wind up in millions of pension funds I don't see how that can be rescinded without there being a shitstorm. It's a bit tricky to pull the rug just because it makes you sad.

People will of course refer to the gold seizures in the 1930s. It's a very different world now. Money is an awful lot more mobile and populations are a lot more vocal and a lot less likely to fall in line.

[squatter]

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them.

Wouldn't it have been smarter to nip it in the bud years ago? Why let it flourish for 10-15 years, allowing for the possibility of mass adoption?

It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

That's one perspective. Here's another: Governments are competing. The cryptocurrency/blockchain services industry is a potentially multi-billion dollar industry. They want that economic growth, for their country's GDP. If Bitcoin or other cryptocurrencies might become widely adopted as traditional investment assets like gold and silver, banning it means getting left behind. Governments would be robbing their populations and maybe even endangering their operating budgets by doing so. Central banks should be tucking away bitcoins for a rainy day, not trying to ban it.

People will of course refer to the gold seizures in the 1930s. It's a very different world now. Money is an awful lot more mobile and populations are a lot more vocal and a lot less likely to fall in line.

You're right. The US government would probably look foolish and impotent trying to enforce something like Executive Order 6102 on Bitcoin.

[hatshepsut93]

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Have you seen the news lately? India's Supreme Court ruled that their central bank's ban on Bitcoin was unconstitutional, something similar happened in Israel recently, many countries are legalizing and regulating crypto. They are not afraid of it, they don't think it will replace fiat anytime soon, and maybe it will even be a net positive, because new markets mean more taxes.

And central bank coins still don't exist, all we have is just statements that they want to create such currency, but they were telling the same thing even before Bitcoin was created.

[MarioV]

As long as there are men who tend to personal freedom and therefore also to financial bitcoin will not die. If men all became unconscious slaves of the system, then bitcoin would cease to be used.

[Rengga Jati]

Indeed. Bitcoin isn't something eternal, it is pretty possible to disappear. We know that if all governments in the world are united to dismiss Bitcoin, then its existence is threatened. However, if they have the intention to do it, I think they have shown it since early. But it seems they didn't really serious, at least one of the factors is about the economic power competition between countries. As long as there is competition or economic warfare, I guess they won't be united as they have own purposes.

Regarding the digital currencies to create by the governments, I doubt it will be implemented fully around the world. Not all countries have the capacity to provide it, many countries still have technological and infrastructure limitations. Moreover, there are still many people who have lack knowledge and live without knowing the digital world. In this case, digital currencies are not worth to implement and paper money (Fiat) still becomes the best option. So, I'm not sure many countries to consider having digital currencies soon.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen?

Not really sure to answer this question. But yes It can happen. However, it shouldn't be in the near future since no big reasons to see it. Well, I think we are better to optimistic in the future of Bitcoin. It is always growing well day after day. And we also see more adoption in Bitcoin currently. At least, it will survive as a digital asset.  

[DarkDays]

I think that all currencies, whether cryptocurrency or not will eventually become defunct.

In future we will have technology that renders things like copyrights, patents and practically everything else useless. People will have 3D printers that can produce materials on an atomic scale, which will thereby allow everybody to print whatever they want, whether that be food, a new book, a new house or whatever.

In a future where nothing is scarce, money has no value.

[panganib999]

I don't see it coming in the future. The fact that there are countriew that openly accepted cryptocurrencies like in Europe is enough to get a strong foundation. And just recently India and South Korea uplifted its ban, so I don't really see it coming for now.

[tippytoes]

In my opinion, we are still very far from bitcoin's end. It is true, that someday, in the future, bitcoin may be obsolete because of maybe another advanced technology that will be invented. But for now, I don't see it coming for the next 10 years.

I don't see it coming in the future. The fact that there are countriew that openly accepted cryptocurrencies like in Europe is enough to get a strong foundation. And just recently India and South Korea uplifted its ban, so I don't really see it coming for now.

This is the reason why the acceptance of crypto is growing. More and more countries are being friendly with crypto. So it's like we are still in the beginning phase and not in the end phase of bitcoin. Let us enjoy the moment.

[gentlemand]

In my opinion, we are still very far from bitcoin's end. It is true, that someday, in the future, bitcoin may be obsolete because of maybe another advanced technology that will be invented.

Bitcoin's value is in its principles, trust earned, ledger and of course its users. Those can be ported to new and exotic systems in the future. By the time we're vegetables it's possible there'll be something called Bitcoin that recognises today's private keys but it won't have any resemblance to what we're using now.

[yazher]

Let's not forget the fact that nowadays, the Governments are becoming Bitcoin-friendly recently. like, for example, the lifting of the ban by the central bank of India and the promotion made by the Chinese President. This is the indication that they are not going to shut it down, instead, they let it join with their plan on making their own digital currency. they may be a plan to shut down some other coins, but they will have a hard time shutting down bitcoin for over 10 years. that's why they beginning to adopt it now instead of totally banning it.

[kezinaur14]

In my opinion, we are still very far from bitcoin's end. It is true, that someday, in the future, bitcoin may be obsolete because of maybe another advanced technology that will be invented. But for now, I don't see it coming for the next 10 years.

That technology is already in the works and is quantum computing. Until that rolls around we'll be seeing regular cryptos as we've seen it up until now. And I think until such tech or maybe something that really is so multi purpose that can take over Bitcoin, I don't see another reason for a big flip like that at least not in the next few years

[bhabygrim]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

No I think it is too far from happening,
No I don't believe that nothing last forever did Gold ever lose value? Did Fiat lose value?
Ever since they were created they didn't lose value and up till now we are still using them.

[Sadlife]

Indeed this may also be considered a possibility considering its scarce supply. I think for Bitcoin to become truly adopted and be used as global payment. The current system and the government that's controlling the paper money should be destroyed or should cease to exist then we could see tons of people move to Cryptocurrency. Cause only in a crisis will people will start migrating to alternatives.

[FaithInCrypto]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

Honestly, never thought about it could vanish instantly but I'm on a point where I'll just accept everything that will happen the moment I stayed exposed to cryptocurrency. If Bitcoin or the crypto doesn't last then who are we to control it, as you said nothing lasts forever so let's just enjoy what it has to offer nowadays.

So far I can see a positive outlook as there is recent news about different countries unbanning Bitcoin and even legalizing them, so let us just wait and see and enjoy the rollercoaster ride of crypto. 

[xvids]

No I don't believe that Bitcoin is going to end soon and I believe that it would last for long.
Crypto is being legalized in some country and there are so many business that is already accepting it,
So I don't think that it would be gone soon or if it will ever end then I think it would be because of a new crypto has taken over it but for now I don't think that there would be a crypto that could replace it.

[dothebeats]

If the society permits themselves to be defeated by the same system, then yes.

People have now been asking questions about the systems a lot more than ever, and if that is not an indication of the growing doubt and lack of trust us people have towards our governments then I don't know what is. We might even reach to a point where civil unrest would be seen everywhere and anywhere if the government and the banks continues to oppress those who.cannot stand up and fend for themselves. Also, this might even prove a strong need for bitcoin should CBDCs or whatever exists, as the latter can obviously be manipulated to the governments specifications as they see fit.

We're yet to see global acceptance of bitcoin, but also digital currencies issued by central banks are also miles away from seeing public acceptance, too.

[meanwords]

Bitcoin users isn't even 10% of the world's population and you are already thinking of how Bitcoin will end and how the government will create their own digital currency to fight Bitcoin. Let's be honest here, the leading government isn't seeing Bitcoin as a threat right now but as an opportunity that will help their own economy prosper. Look at how Japan us utilizing Bitcoin and cryptocurrency. It's amazing how Bitcoin is getting more used than it was before. Bitcoin will not end for a very long time.

[pooya87]

It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc).

this is not true. the fact that people trade on exchanges and some newcomers use centralized custodial wallets doesn't mean bitcoin relies on centralized infrastructure!
and thins like centralized exchanges are popular and used because they are most convenient right now compared to the alternative and since there is no problem in using them, people don't bother working on any alternatives.

People will not want to use something that's considered "illegal" by worldwide governments.

last time i checked there was no such thing as "worldwide government"!

not many people will support it (only libertarians, geeks, anarchists, etc.).

this would have been true if such theoretical ban came back in 2008 to 2009 not in 2020-2030+ that a very large number of people have already adopted bitcoin and a million dollar industry has been built because of bitcoin.
at this point it is like talking about government banning usage of the internet!

[rodskee]

As long as there are men who tend to personal freedom and therefore also to financial bitcoin will not die. If men all became unconscious slaves of the system, then bitcoin would cease to be used.

And with this for sure Bitcoin will never die ,because for the past 10 years people entering this market to fin financial freedom and luckily they found it here.
so why would ending comes when there are still seekers outside this market?
and also remember that we are here because of this freedom and until now we are holding our bitcoin in our wallet and no plan going back to old fashion way of banking.

[davis196]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

If the governments around the world really want to ban and destroy Bitcoin,then what the hell are they waiting for?I don't think that's the case.Some countries have projects about central bank cryptocurrencies but there's no result and everything is in the very beginning.In most countries,bitcoin is considered a "digital asset".It's not legal tender and an actual currency,but you can trade it.
This topic has been discussed 100 times before.Nobody knows what will happen and nobody can predict the future.I think that bitcoin will survive a global ban,but the BTC price will fall below 1K USD and BTC will be used only in the darknet marketplaces.

[maydna]

I guess bitcoin will not going end soon because bitcoin still not too popular in all countries and we know that not all countries accept bitcoin, so bitcoin still have a chance to grow more than now. Related to the government, we don't know what will they do with bitcoin, and if they want to launch their own crypto, we also don't know what will happen later. Bitcoin can get ban from the government, and that will easy for them to do that, but I am not sure if they really want to ban bitcoin.

If they force people to use their currency still, I think that will be a big problem in their country, especially if their people know and use bitcoin personally. There will be a demonstration from people that will happen in that country because they will reject their government not to use bitcoin.

But that is only a possibility of what might happen, and we don't know for sure.

[XCANA]

Let's be frank to ourselves, the government of the world have some stash of Bitcoin on their confers like that of the United States of America, though they often go by auctions in mist cases. How can someone who have tasted a nice food turn down the same food just because of envy? Though its possible but very rare to happen.

My take is: Bitcoin will stay with the world and be use for reserve for all potential government in the future. Banning Bitcoin will add more injuries to the current crisis on world economy. Am not seeing the possibility of Bitcoin abandonment.

[Janation]

I agree that we do not know what may happen but if the government is wanting to drop Bitcoin down, I guess they've done that earlier and never letting Bitcoin exist longer than 4 to 6 years.

I guess we will be really seeing Bitcoin side by side with each country's digital currencies. Though I don't see Bitcoin being a payment method but a asset with a huge price in the future. With digital currency as a mainstream currency, Bitcoin will be used and transactions will explode and that might be the reason why government would want to take down Bitcoin. We have technologies that can or might take down the system, saying this, still, we don't know what can happen.

[BlackFor3st]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

I am also concerned that this time will come in the future, knowing that most of the governments wants to have a control over the digital assets that will be use in their respected country. Once the digital payment will fully replace fiat someday, there is a big chance that what you have said will turn into reality.

Once almost all the governments will unite in banning or exchange crypto currencies into their local digital currency, the crypto users will surely face difficulty in cashing out their money from crypto currencies. Once it will happen, the era of crypto currencies will likely to fade slowly but if all the governments will not prohibit the usage of crypto currencies then crypto will be part in the future modernization.

[igglyboo92]

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them.

What does one have to do with the other??

Governments don't seem to care much about BTC. They are regulating it like a commodity and regulating the shit tokens like securities i.e. stocks. At the end of the day Bitcoin will probably end up like any other Wall Street traded commodity. Gold, platinum, crude oil, coffee, and so on and so forth.

[Reatim]

Let's be frank to ourselves, the government of the world have some stash of Bitcoin on their confers like that of the United States of America, though they often go by auctions in mist cases. How can someone who have tasted a nice food turn down the same food just because of envy? Though its possible but very rare to happen.

My take is: Bitcoin will stay with the world and be use for reserve for all potential government in the future. Banning Bitcoin will add more injuries to the current crisis on world economy. Am not seeing the possibility of Bitcoin abandonment.

And why would the countries that adopted bitcoin will throw the opportunity they have in this market?and just recently Bitcoin is unbanned in India in which one to the biggest country that people invested in this market.

Counting South Korea also now boarding Bitcoin  to their economy so we are seeing much bigger support this coming days.
 
Bitcoin will continue to grow and will never die even how many countries are denying this.

[amishmanish]

One thing is sure that there is no endgame for Bitcoin. And if there is, then we are The Avengers. Everyone thinks the Governments are inevitable, like Thanos but we have The Hulk..

Bitcoin's increasing usage and adoption through regulation has already led it to giving shape to a knowledge based economy in developed countries and amongst the more tech savvy users. I think this will continue as it is impossible to stop the idea of every person being his own bank.

[Assface16678]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

I am also concerned that this time will come in the future, knowing that most of the governments wants to have a control over the digital assets that will be use in their respected country. Once the digital payment will fully replace fiat someday, there is a big chance that what you have said will turn into reality.

Once almost all the governments will unite in banning or exchange crypto currencies into their local digital currency, the crypto users will surely face difficulty in cashing out their money from crypto currencies. Once it will happen, the era of crypto currencies will likely to fade slowly but if all the governments will not prohibit the usage of crypto currencies then crypto will be part in the future modernization.

Many people right now are using the cryptocurrency for their transactions because we all know that the crypto is one of the fastest and trusted transaction that's why many people today now are using this to transfer their funds to make more earning and today there are some countries accepting the use of it and that was a great news to all of us because the market price of the bitcoin will go up rapidly again because they are now allowing to use of it, still there are some countries does not want to accept the use of bitcoin because they are afraid all the things may happen with the use of it because they think it is not secured. But to the other country allowed it there are some instance because they need to limit all of the transactions to avoid having a large amount of data and funds transfer to an unknown device or user, still, it was huge if the bitcoin will end soon, many people will affect on that and their earnings. We are looking forward to making more profit with the use of bitcoin and I think it is not the end we are just heading to the future.

[Sebas.tian]

As long as there are men who tend to personal freedom and therefore also to financial bitcoin will not die. If men all became unconscious slaves of the system, then bitcoin would cease to be used.

We're not ignorant of what brought into existence this said technology (Bitcoin) so going back to enslavement will be difficult for those who are already free the hoax of the government. There will be more adoption of Bitcoin and this will drive both the institutions and cooperate to adopt Bitcoin. When this happen, the government will have no choice to adopt it. As you have rightly said, the decision from the government to cease or ban Bitcoin worldwide will be difficult.and if it happen, something shitting like surveillance coin will surface.

[alexsandria]

As long as there are men who tend to personal freedom and therefore also to financial bitcoin will not die. If men all became unconscious slaves of the system, then bitcoin would cease to be used.

We're not ignorant of what brought into existence this said technology (Bitcoin) so going back to enslavement will be difficult for those who are already free the hoax of the government. There will be more adoption of Bitcoin and this will drive both the institutions and cooperate to adopt Bitcoin. When this happen, the government will have no choice to adopt it. As you have rightly said, the decision from the government to cease or ban Bitcoin worldwide will be difficult.and if it happen, something shitting like surveillance coin will surface.

Actually one of the negative effect of this is the ignorance of the many people who are doesn't know what is cryptocurrency or bitcoin or what is the new technology right now but when the government adapt it there should be a massive adaptation among the country and its citizen so it would be really good if these two oceans will cooperate to attain this massive adaptation of bitcoin but this would not be happen if the government will still ignore day adaptation of cryptocurrency or any other coins. If they will continue to sees the banning of bitcoin worldwide and all the countries specially the government then this would probably will be a hard problem or big problem for us.

[Sebas.tian]

I don't see it coming in the future. The fact that there are countriew that openly accepted cryptocurrencies like in Europe is enough to get a strong foundation. And just recently India and South Korea uplifted its ban, so I don't really see it coming for now.

I agreed with your submission, apart from Europe accepting cryptocurrency and some other countries we know, the France authorities have recently open and legalized the cryptocurrency in their continent, which to me sound too positive for any government to kick against the said technology to be ban again. We have seen South Korea and India uplifted their ban to allow the use of cryptocurrencies in their territories. Am not  seeing the end of Bitcoin and doubt if it will come to pass either.

[imstillthebest]

One thing is sure that there is no endgame for Bitcoin. And if there is, then we are The Avengers. Everyone thinks the Governments are inevitable, like Thanos but we have The Hulk..

Bitcoin's increasing usage and adoption through regulation has already led it to giving shape to a knowledge based economy in developed countries and amongst the more tech savvy users. I think this will continue as it is impossible to stop the idea of every person being his own bank.

Bitcoin will surely survive and I think will definitely reach the future that we all want to happen on bitcoin. Witj many supporters of cryptocurrency, the traders, the investors, I don't really think that bitcoin will easily come to its end game. And bitcoin also, are slowly accepted in different countries that before it was banned.

we are already in the future and bitcoin slowly achieved the things that we wanted to happen for it  . if supporters are high , the number of bashers or haters also increase because btc is becoming famous   but this is great  because being famous means btc is active and the chance of btc going to an end is verry slim   . i also agree on your last sentence , infact ive seen lots of topics like that lately on this forum   .  many countries are now joining the union   . i can only think of goodies for now rather than thinking the negatives that could happen to btc  .

[Yatsan]

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them.

Wouldn't it have been smarter to nip it in the bud years ago? Why let it flourish for 10-15 years, allowing for the possibility of mass adoption?

They probably had a wait and see attitude at the start, but then everything suddenly changed way too quickly. They couldn't suppress the growth as much as they thought they would, which lead to individual countries having different decisions regarding its adoption.

Ignorance is a huge factor as to why the masses would rather support centralized than decentralized. The word government has been implanted on their minds as something trusted, helpful and the like even though the government themselves are at fault for letting their countries be at ruin at certain parts. It's like they've been already brainwashed to stop caring about who to trust and just leave it all up to the government.

[pixie85]

If your biggest concern is bitcoin disappearing because governments that launch their own currencies will ban it you can stop worrying and do something productive instead.

Not all countries are planning to launch their own cryptos. Even if 20% of the countries in the world do it not all will ban Bitcoin. Many will give people freedom of choice. Germany has already stated that Bitcoin is officially recognized as an investment.

People will migrate to countries where freedom is something more than just a word

[KrisAlex18]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

I don't think that it would happen to bitcoin, bitcoin is being so popular all over the world, so I doubt that it will end so easily, there are a lot of countries that already accept the bitcoin in their land, One of which is the supreme court of France that accept the bitcoin as their money, and add subject about cryptocurrency in curriculum, which is really good for them because they will be so familiar with the use of cryptocurrency. Another country is the New York, they planted a generator only for the bitcoin mining machine, they spent so much money to implement and create that project but it is really worth it, because as of this year they earn 50,000$ everyday, and that project is still new, so I think it would be better in the future, and for sure they will earn more than that.

Bitcoin has so many benefits for each and everyone so do not think that it will end in the future because there are a lot of countries that will fight against the end game of this cryptocurrency.

[Casdinyard]

The Government doesn't really have the power to force the owner of each bitcoin nodes distributed across the world. As a result, bitcoin will stay functional until there is an existing node that will support transaction records and transactions.

But thinking about the factors that could eliminate bitcoin in the world, I only see a decrease in demand for bitcoin as the only risk we should fear. Bitcoin could survive even a nuclear war based on some sentiments which I couldn't find right now, and bitcoin isn't breaking huge support for its price to go down too much.

Let's take this meme as an example.

Image link

It's quite a dark humor but this signifies that bitcoin is included in the demand of the people now. Which is to use an alternative currency because of the fact that money is a factor of spreading the COVID Virus. It will further increase in demand and the risk for bitcoin which is stated by OP's quote regarding government might will then become a turntable for Government's decision of running their economy and people's health.

[michellee]

The Government doesn't really have the power to force the owner of each bitcoin nodes distributed across the world.

It is right. People will choose what they want. But bitcoin will not end so soon, and I think bitcoin still have a long time to survive. But I hope the government will not ban bitcoin existence, but they will support bitcoin too as they will have their own currency in the crypto market. But let see what will happen later.

Bitcoin could survive even a nuclear war based on some sentiments which I couldn't find right now, and bitcoin isn't breaking huge support for its price to go down too much.

Yes, that is right. But as long as the internet connection still exists, people can access bitcoin, but I think in that time people want to survive for their life.

[philipma1957]

It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc).

this is not true. the fact that people trade on exchanges and some newcomers use centralized custodial wallets doesn't mean bitcoin relies on centralized infrastructure!
and thins like centralized exchanges are popular and used because they are most convenient right now compared to the alternative and since there is no problem in using them, people don't bother working on any alternatives.

People will not want to use something that's considered "illegal" by worldwide governments.

last time i checked there was no such thing as "worldwide government"!

not many people will support it (only libertarians, geeks, anarchists, etc.).

this would have been true if such theoretical ban came back in 2008 to 2009 not in 2020-2030+ that a very large number of people have already adopted bitcoin and a million dollar industry has been built because of bitcoin.
at this point it is like talking about government banning usage of the internet!

Interpol and the UN are world wide.  Or close to world 🌎 wide.

As to the vast majority of countries banning cryptocoins I don’t think they will do it.

There are a lot of cheap and easy ways to attack BTC. Government bans are costly or stupid.

[desertfox470]

Indeed nothing lasts forever but I do not think that Bitcoin will be ending anytime soon. If the beginning of government's interest to create, navigate and circulate a centralized digital currency would be the end of Bitcoin, I don't think that it is happening soon. Every nation has a different government system, capacity to fund resources and technological advancements. On the contrary, the government of some countries has been very open with cyrptocurrencies that they tolerated different establishments to engage with transactions using Bitcoin. Also, I think that even if the government would start circulating their own digital currency to compete with Bitcoin, they would still choose the latter because of its features that they were enticed with foremost as to why they engage with cryptocurrencies.

[Latviand]

There is a possibility for auch thing but as we can see, Bitcoin have grown way too much to just vanish because of a new crypto. It have established wide range of users and they might refrain from engaging to a 'new' one especially those who are seeking profit, if Bitcoin would appear to be more profitable. Crypto has left an image not being a digital currency but as a mode of investment. If it is convenience brought by digital currencies, people may more likely just engage into existing online banking which is currently being used in online services.

Bitcoin won't die, and I see positive signs proving this point of view. Indian court case was a big event for crypto industry. Moreover, some governments own a huge amounts of Bitcoin. + One more argument, technologies are developing much faster than regulations. If Bitcoin was banned one day, we would easily switch to privacy coins.

If this industry, not only Bitcoin, would seek for further improvements, it won't come to its end. There are just minor issues existing in this industry which make those countries who are not adapting blockchain technology, to do so. And if progress will be continuous, such 'issues' could be aided which will prolong the life of Bitcoin and could possibly result to wider adaptation in the future.

[Linkkoin]

Indeed nothing lasts forever but I do not think that Bitcoin will be ending anytime soon. If the beginning of government's interest to create, navigate and circulate a centralized digital currency would be the end of Bitcoin, I don't think that it is happening soon. Every nation has a different government system, capacity to fund resources and technological advancements. On the contrary, the government of some countries has been very open with cyrptocurrencies that they tolerated different establishments to engage with transactions using Bitcoin. Also, I think that even if the government would start circulating their own digital currency to compete with Bitcoin, they would still choose the latter because of its features that they were enticed with foremost as to why they engage with cryptocurrencies.

The easiest way would be to issue an official centralized stablecoin of the State, where each person could have access to it. Like with current cryptos, besides having the wallet address you will have two IDs - one for your eg. transaction title (like invoice no 324/03/09/20) and your social insurance number. Most likely, this would be a solution coming from banks, as you will be able to open these wallets only at banks as a part of a bank account. Why banks? With people abandoning bank accounts, one of the main sources of their income will slowly start to disappear. In such a case, other fees would need to increase or whole banking system may be on the edge of collapse.

[FanEagle]

When I started seeing news that somegovernments are planning on creating their own cryptocurrencies, I started having this same thought on whether the governments are going to allow Bitcoin to be around and used by people after they have all created their own cryptocurrencies? I know for sure that their cryptocurrencies are going to be centralized so that they would be able to regulate it.

Since, Bitcoin is decentralized they might declare it illegal and stop exchanges from selling and buying decentralized cryptocurrencies, and then exchanges would stop buying and selling of decentralized cryptocurrencies and then start to support only the cryptocurrencies that are issues by the government and they will be working handinhand with banks. Well, let’s not assume till then.

[Twentyonepaylots]

When I started seeing news that somegovernments are planning on creating their own cryptocurrencies, I started having this same thought on whether the governments are going to allow Bitcoin to be around and used by people after they have all created their own cryptocurrencies? I know for sure that their cryptocurrencies are going to be centralized so that they would be able to regulate it.

Since, Bitcoin is decentralized they might declare it illegal and stop exchanges from selling and buying decentralized cryptocurrencies, and then exchanges would stop buying and selling of decentralized cryptocurrencies and then start to support only the cryptocurrencies that are issues by the government and they will be working handinhand with banks. Well, let’s not assume till then.

I'm very doubtful on government making their own cryptocurrency, why? simply because they are going to create a counterpart of bitcoin which is a centralized one. So most probably they will prohibit the use of bitcoin if ever they come up to create on their own cause they don't want anything that hurdles their creation especially their regulation. Banks by that time will surely be working with digital payments as well as digital investments.

[Artemis3]

I don't think so, not all governments are this idiot, so among countries the division is already there, with those favoring it weighting more the few that outright banned it.

From another perspective, banning Bitcoin means refusing wealth from entering your country. If you have 3 countries, two that ban Bitcoin but one doesn't, logically you will see more investing in the one that allows Bitcoin. This divide already exists, and i'd say only a minority (about 15 countries) banned Bitcoin.

Also the generational divide, as younger people more familiar AND in favor of Bitcoin reach positions of power, and the old dinosaurs die of age, the balance of those against vs those in favor will simply favor Bitcoin. In the long term, Bitcoin has advantage, and by then they can showcase Bitcoin's history to ease acceptance.

There is also the population learning about Bitcoin and what it means to the world.

Think of Church and State, so far for the most of the history of human kind religion and state were one and the same. Don't you think there was fierce opposition to the idea that both should be separate? Same thing here, money and state.

If the governments suddenly lose the power to change the rules of the money in everyone's pockets, they are forced to act more transparently. To make a budget fit, make everyone poorer, is a choice that should disappear, as religion can no longer decide who is the head of the State.

There is no turning back, also in world acceptance. Many countries are accepting Bitcoin with various levels of meddling "regulation, kyc, etc". Expected in a transition when there still many from the old school. Some of you see no point, why, you haven't lived what it means when your government decrees that you are now poorer, because they pour more fiat coins into the economy. They must lose this power altogether, and no, just because you live in a "nice country", that "has never done that", doesn't mean they can't; as long as that power is there it can be abused.

Bitcoin is the only way such thing could never happen again. People will learn and understand about this, and give Bitcoin its appropriate value based on usefulness. Bitcoin is more useful than fiat because of this and more.

Eventually the discussion will be: Why not just use Bitcoin as the official currency? Not the other way around... Endgame is more like, consider the dissolution of the USD, and EUR, etc. Of course gov backed centralized altcoins have no future. The WHOLE point is pulling the gov OUT from changing the rules on a whim to the currency. And this means the rules of the coin alone, how many coins there are, etc. Which for Bitcoin its a program following instructions in a worldwide audited open source code executed by nodes also spread worldwide run by anyone that wants to (unrestricted).

Bitcoin is the only true stable coin, its rules are stable, the others, not so much. This gives it tremendous value, no more should you put your trust in your or a foreign government or bank / institution.

[princesspoppy]

Countries which banned bitcoin and other cryptos started to uplift their ban to it because they don't have the right to do so, this is why I don't see the potential of other countries to do same thing again, not today, not in the near future. Although many countries are giving their statements and ideas about making and launching their own cryptocurrencies, still there are no such cryptos that are out in the market, so unless it have, bitcoin will always be safe from dying and vanishing.

[Kelvinid]

The future of Bitcoin lies upon us. If we are not able to adopt this new system, a new way for payment and what the others think about it, this gonna have an end. But we are into that adoption, people started to use it as a normal way for doing transaction just like of using fiat. But there is some situation that will put into question and the credibility of crypto because of its high risk and its volatility feature where people might give them an option not to adopt this and so the government support.

Well, we're not hoping for its end because some of us have benefited from this but the question is, how long we can make to manage to hold its risk and our support?

[Sanugarid]

The future of Bitcoin lies upon us. If we are not able to adopt this new system, a new way for payment and what the others think about it, this gonna have an end. But we are into that adoption, people started to use it as a normal way for doing transaction just like of using fiat. But there is some situation that will put into question and the credibility of crypto because of its high risk and its volatility feature where people might give them an option not to adopt this and so the government support.

Well, we're not hoping for its end because some of us have benefited from this but the question is, how long we can make to manage to hold its risk and our support?

It is quite impossible to see bitcoin right now and even in the future. As we can see, bitcoin has been dominating the market for a very long time already amidst all the crisis and issues it has faced. We should already be confident by now about its current status. Holding and waiting for the right timing is still advisable up until now actually since the market is about to make a massive change as bitcoin halving occurs.

Bitcoin won't die, and I see positive signs proving this point of view. Indian court case was a big event for crypto industry. Moreover, some governments own a huge amounts of Bitcoin. + One more argument, technologies are developing much faster than regulations. If Bitcoin was banned one day, we would easily switch to privacy coins.

There are a lot of conference occuring around the world but actually we can see the market falling since the corona outbreak led to the cancellation of the conferences that could have make a huge difference in the market. Still, as soon as corona outbreak ends, the conference would take place and we will surely see the changes and improvements occuring in the market.

[rdluffy]

Nothing will last forever, including BTC, but I can´t think about longevity of BTC right now, maybe we are in the mid of the life of BTC, maybe it´s just the beginning...
People always make estimatives about the last block of BTC, when will occurs etc, but we have to think about the relevancy of BTC, because it's a product of tech, and we all know that technology evolves in a quickly pace, more than in any other area, so we have to accept that BTC is not eternal

[South Park]

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

I do no think you are wrong on your predictions but I do not see how that is the end game for bitcoin, governments know that regardless of what they do they cannot kill bitcoin, using the same technology as bitcoin will only reinforce the point that bitcoin is in fact a great form of money and when we add that the current system cannot remain in place forever since it is unstable by nature then the only thing that bitcoin needs to do is to survive and be a viable option until that day comes, once that happens bitcoin will be unstoppable and governments all over the world will be forced to accept it whether they like it or not.

[isaac_clarke22]

~

I'm very doubtful on government making their own cryptocurrency, why? simply because they are going to create a counterpart of bitcoin which is a centralized one. So most probably they will prohibit the use of bitcoin if ever they come up to create on their own cause they don't want anything that hurdles their creation especially their regulation. Banks by that time will surely be working with digital payments as well as digital investments.

I have mixed feelings about this though. They won't be able to actually "stop" the usage of Bitcoin, be it in the case that they're against it. They might just make another cryptocurrency of their own and actually there are already plenty of countries planning to make a crypto of their own, because people would just continue using any workaround to still use Bitcoin through VPNs, in cases that ISPs blocked crypto-related sites.
Here is the list that I mentioned previously: https://coinsutra.com/national-cryptocurrencies/

[Abiky]

Have you seen the news lately? India's Supreme Court ruled that their central bank's ban on Bitcoin was unconstitutional, something similar happened in Israel recently, many countries are legalizing and regulating crypto. They are not afraid of it, they don't think it will replace fiat anytime soon, and maybe it will even be a net positive, because new markets mean more taxes.

And central bank coins still don't exist, all we have is just statements that they want to create such currency, but they were telling the same thing even before Bitcoin was created.

Yes, I'm aware. But even if countries have legalized Bitcoin, they could change their stance in the future. Once governments see Bitcoin heavily used by people in the mainstream world on top of Fiat, they'll try to limit its growth or ban its usage. Right now, they're accepting Bitcoin and crypto as legal tender for taxation purposes. After all, they don't want to miss the income opportunities this emerging Blockchain industry provides. Believe me that once governments start rolling in their own digital currencies to everyday people, they might prevent anyone from using an alternative monetary system for their own benefit. This will take part especially in communist/socialist countries like Venezuela and China. Developed countries like the US and UK might still allow people to use Bitcoin but with greater limitations/restrictions than today.

No one knows what will happen in the future. As long as Bitcoin and other cryptocurrencies work their way to cooperate with the government, they'll be here to stay for a long time. Many governments still believe Bitcoin is used for money laundering and tax evasion, leading them to take certain actions which stifle the growth of the entire Blockchain industry. Thankfully, the transparent nature of Bitcoin's (and some other cryptocurrencies') blockchain ledger would allow governments to track & trace illegal activities easily. The ones in trouble would be privacy-oriented coins like Monero, Grin, and Zcash since their transactions are completely obfuscated from the general public. While it's easy to trace these coins via trades performed on a centralized exchange, P2P transactions made on-chain will be harder (if not impossible) to keep track of.

As I've said before, nothing lasts forever. If Bitcoin manages to survive for a couple of years from now, its longevity might be put at risk once all BTC are mined in 2100. Miners will still earn from fees, though. But if Bitcoin's price on the market is low, miners' operations will not be sustainable in the long run which would lead to the pioneer cryptocurrency's demise in the future. In the end, we should be prepared for the worst in this uncertain world of crypto. Just my thoughts

[elenag1242]

How about we not overlook the way that lately , the Governments are arising to be Bitcoin-accommodating as lately . like, as an example , the lifting of the boycott by the commercial bank of India and therefore the advancement made by the Chinese President. this is often the sign that they will not shut it down, rather, they let it get along side their arrangement on making their own advanced money. they could be an appointment to shut down some different coins, however they're going to make some hard memories closing down bitcoin for quite 10 years. that's the rationale they beginning to embrace it now instead of thoroughly prohibiting it.

[MCobian]

I also believe bitcoin will not last forever, it will definitely end someday. But no one will ever know when that happened, which is definitely
not possible bitcoin to end in the near future. So no need to worry, now it's better to just focus on collecting bitcoin. There are several
reasons for bitcoin to end, which is that all countries may have their own coins. The next cause is the whole bitcoin has been successfully
mined for 21 million BTC, then the last cause is likely to appear new technology more sophisticated from the blockchain technology.

[Artemis3]

~

I'm very doubtful on government making their own cryptocurrency, why? simply because they are going to create a counterpart of bitcoin which is a centralized one. So most probably they will prohibit the use of bitcoin if ever they come up to create on their own cause they don't want anything that hurdles their creation especially their regulation. Banks by that time will surely be working with digital payments as well as digital investments.

I have mixed feelings about this though. They won't be able to actually "stop" the usage of Bitcoin, be it in the case that they're against it. They might just make another cryptocurrency of their own and actually there are already plenty of countries planning to make a crypto of their own, because people would just continue using any workaround to still use Bitcoin through VPNs, in cases that ISPs blocked crypto-related sites.
Here is the list that I mentioned previously: https://coinsutra.com/national-cryptocurrencies/

Yes and one polemic in my country is that no one wants their absolute centralized coin because, lo and behold, their own institutions are NOT accepting it. This coin, was artificially pegged to assets. Such assets have been falling with the pandemic, but guess what, according to them the price of the coin remains magically the same.

The market however, thinks differently. But the worst thing is that people feel scammed, because once they get into it, they can no longer use it and have to sell it for a quarter or less of what the intended value was.

Governments made fiats, and their altcoins are as bad or even worse than those.

Bitcoin is valuable among other things because it doesn't depend on any government. Its like finding an oasis in a desert: A coin that doesn't lose value overtime, going against the Chicago school dogma of induced inflation to stimulate people getting in debt and have banks make more vapor money to loan thanks to the ponzi scheme of fractional reserve.

But the world will learn the truth someday and the Chicago school will be kicked. Be ready for Austrian school economics, its the only one that embraces money that doesn't lose value overtime...

[mongkie]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

it depends on the government on how they will manipulate their own financial system, i believe that it will never be a unanimous decision of every nation to ban bitcoin and be centralized because it will also a matter of suppressing freedom and that is why cryptocurrencies are made to have a decentralized financial system

[elenag1442]

I feel that every one monetary standards, regardless of whether cryptographic money or not will in the end become ancient.

In future we'll have innovation that renders things like copyrights, licenses and for all intents and purposes everything else futile. Individuals will have 3D printers which will deliver materials on a nuclear scale, which can consequently permit everyone to print whatever they need , whether that be nourishment, a substitution book, a substitution house or whatever.
In a future where nothing is rare, cash has no worth.

[Abiky]

it depends on the government on how they will manipulate their own financial system, i believe that it will never be a unanimous decision of every nation to ban bitcoin and be centralized because it will also a matter of suppressing freedom and that is why cryptocurrencies are made to have a decentralized financial system

That's certainly true, mate. It looks very unlikely that governments worldwide will agree unanimously on banning Bitcoin, since they "act on their own". There will always exist governments who support Bitcoin no matter what, especially if they're able to tax it. The only way I see Bitcoin will end is if the whole Internet is shut down in its entirety. But you and I know that's almost impossible to do. In the long run, governments will have no choice but to accept Bitcoin as legal tender. There will be a clash between the centralized (Fiat) and the decentralized world (Bitcoin). People will have a choice to support one currency from the other. Central banks will continue to push governments worldwide for heavy-handed regulation on the crypto space. But the Blockchain industry won't be going anywhere because it is resilient against third-party actions.

Nonetheless, no one can predict the future. Bitcoin may be still standing strong after all these years. But nothing lasts forever. Many things could happen that could determine "Bitcoin's End Game" in the long run. Despite what happens, there's no denying that Bitcoin has revolutionized the way people interact with money without the need for a middleman. Just my opinion

[MicroGuy]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency?

Not really, because Bitcoin has the backing of the government-sponsored media and banker-funded institutions like Blockstream.

[Leonardo7]

I think some nations already welcome Bitcoin and there will be no need for government to outrightly ban the use of  bitcoin. So if one nation is critical of it, users in that nation will find a way through the internet to byepas that nation regulation. Bitcoin traders will always find a way around the internet to do their investment except the internet is shutdown.

[denzkilim]

I think some nations already welcome Bitcoin and there will be no need for government to outrightly ban the use of  bitcoin. So if one nation is critical of it, users in that nation will find a way through the internet to byepas that nation regulation. Bitcoin traders will always find a way around the internet to do their investment except the internet is shutdown.

A lot of nations already welcome's Bitcoin years ago and this isn't something new in here. Governments do not have any power to ban Bitcoin at all because it is a decentralized Crypto Currency without any central government controlling it. They can regulate its use but totally banning it is impossible for them. The only way they can do it is by shutting down the internet to the whole nation to stop connecting to the outside world and that's another impossible thing o happen.
Hats off to Satoshi Nakamoto for making such a powerful digital thing.

[Abiky]

I think some nations already welcome Bitcoin and there will be no need for government to outrightly ban the use of bitcoin. So if one nation is critical of it, users in that nation will find a way through the internet to byepas that nation regulation. Bitcoin traders will always find a way around the internet to do their investment except the internet is shutdown.

That's certainly true, mate. There will always be a way to circumvent governments' restrictions due to the decentralized and open source nature of Bitcoin. That's the beauty of all this. If Bitcoin was centralized, it would've been another story. Many countries are realizing that their efforts have been in vain, leaving them with no choice but to accept Bitcoin as legal tender. Most recently, Russia's central bank said that it was difficult to ban Bitcoin usage within the country. This tell us that other countries will soon follow in recognizing Bitcoin's resiliency within the mainstream world.

With how big Bitcoin has become since inception, it's looking very unlikely that there will be an "end game" anytime soon. There are so many nodes and miners supporting the Bitcoin blockchain, while developers are working hard to make the pioneer cryptocurrency the best money the world has ever seen. With the Lightning Network and several other attractive features, people will continuously demand Bitcoin across the market. While it's no secret that nothing lasts forever, I believe that Bitcoin is the exception.

Nonetheless, only time will tell us what lies ahead with the future of Bitcoin as a decentralized cryptocurrency for the masses. No one knows for sure what will happen in the future. The least we could do is diversify our investment into crypto, Fiat, and precious metals just to be safe. But given Bitcoin's current popularity, we won't need to worry about its "end game" at least in our lifetime. Just my opinion

[CaVO32]

I think some nations already welcome Bitcoin and there will be no need for government to outrightly ban the use of  bitcoin. So if one nation is critical of it, users in that nation will find a way through the internet to byepas that nation regulation. Bitcoin traders will always find a way around the internet to do their investment except the internet is shutdown.

A lot of nations already welcome's Bitcoin years ago and this isn't something new in here. Governments do not have any power to ban Bitcoin at all because it is a decentralized Crypto Currency without any central government controlling it. They can regulate its use but totally banning it is impossible for them. The only way they can do it is by shutting down the internet to the whole nation to stop connecting to the outside world and that's another impossible thing o happen.
Hats off to Satoshi Nakamoto for making such a powerful digital thing.

And that explanation alone will be the reason why we will not see the bitcoin's end anytime soon. as long as there are believers of bitcoin, bitcoin will exist. and without anyone controlling it, people patronizing bitcoin will have the freedom to use it. so i am not thinking of bitcoin's end but rather how to flourish its existence in the community. there are so many benefits when someone starts to learn about crypto, and that's why the government as well as banks are uneasy about its existence.

[Sadlife]

It's not that impossible we know Bitcoin is not backed by any central authority thus making the price unstable and speculative but with the recent events such as global pandemic and financial crisis that could change significantly and the trustworthy and stable assets such as Fiat and stocks could go default like for example Oil, many people put their trust in Oil but it failed.

Investors perspective in 2020 about has dramatically change and even popular mainstream business media including CNBC has recognize its value.

[Twentyonepaylots]

It's not that impossible we know Bitcoin is not backed by any central authority thus making the price unstable and speculative but with the recent events such as global pandemic and financial crisis that could change significantly and the trustworthy and stable assets such as Fiat and stocks could go default like for example Oil, many people put their trust in Oil but it failed.

With bitcoin's position in the market now it is really safe to think that people are choosing bitcoin than any other coin which means the support is massive that results to more unstable price. if the global pandemic stays longer, I wish it won't, the bitcoin will keep on soaring since the other contender market like stock market and oil industry just plummeted and no one's diving into rock bottom.

Investors perspective in 2020 about has dramatically change and even popular mainstream business media including CNBC has recognize its value.

Every thing has change when the global pandemic came, but I have strong view about the market right now, it is pretty in good situation.

[Eugenar]

I think bitcoin won't end because centralized system are not responsible on it, they are not concern on he things happen on decentralized system, there are so many people behind bicoin, they always support it a lot he time and they will not let this bitcoin ends.

Bitcoin has so many thing that gave to us, it helps us on our daily finances and everything, we learned on how we are going to invest and exchange something in the crypto world.

As long as there are men who tend to personal freedom and therefore also to financial bitcoin will not die. If men all became unconscious slaves of the system, then bitcoin would cease to be used.

Well said, that is what I also want in this crypto world because we have freedom on our own money. We can control and do what ever we want.

[wozzek23]

When the government creates their own digital currency they might force exchanges to stop the trading of bitcoin, and it's only going to be Centralized exchanges, because the ones that are decentralized will refuse that order. Centralized exchanges that refuse to accept the orders that are issued out by the government will be locked down, and trust me no exchange would love their years of hard work to end for nothing.

Imagine exchanges like Coinbase and Binance, they will accept the orders that are passed by the government. Another thing is that people around the world are afraid of the government, and they don't like getting in problems with them, so they will try to stay clear from it, just a few people will continue to make use of it.

[Ucy]

Well I don't believe Bitcoin was invented to eliminate the government. It was invented by someone who probably want something safe away from the risky fiat and economy then. The risk is still present though, that is why we need something like Bitcoin more, esp in dangerous times.
Besides, the method of Bitcoin or similar decentralized tech is how societies are supposed to be ran. It will even be possible in the future to properly regulate the government through well  decentralized  technologies. We have to be regulating each other.
 No truly honest/transparent government should be scared of Bitcoin, blockchain or other decentralized stuff. We will use them to make the  world safe, honest, transparent, secure, and better

[Moeda]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

What do you think about the presence of a government-backed Bitcoin rival, even the official government owner, because they see the success of Bitcoin in the digital world, people who have great authority will also be better able to do it. But Bitcoin has made a very good history for now, and it's not easy for users to forget.

The presence of Tether is a substitute for USD in the digital world, and is able to survive well, but cannot defeat Bitcoin. If we see now that almost all platforms have Tether coins (Ethereum, Omni, Binance, Tron, there may be other platforms). Because they are very dependent on the movement of Bitcoin. Maybe the advantage of Tether is, when the price of a coin drops, people will choose it, and when the price of a coin goes up, people will leave it.

But the obstacle is that the USDT must keep abreast of global stock developments. The increase and decrease depends on the global economy.

While Bitcoin, the closer to the max supply, the price of Bitcoin will increase. And we know now that Bitcoin supplay has almost reached the peak of 21 million.

What I'm worried about with crypto right now is not Bitcoin, but Altcoin (Ethereum, TRON, and a few other top coins), if that really happens.

[chip1994]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.


Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

This is entirely possible. CBDC can disrupt the whole market and they will be the new manipulation organization in this crypto market. Although there are many bitcoin billionaires in this world, I believe they will not be able to fight a mighty Central Bank. Maybe we will welcome a new era and a new game. it's all just a matter of time

[Abiky]

It's not that impossible we know Bitcoin is not backed by any central authority thus making the price unstable and speculative but with the recent events such as global pandemic and financial crisis that could change significantly and the trustworthy and stable assets such as Fiat and stocks could go default like for example Oil, many people put their trust in Oil but it failed.

Investors perspective in 2020 about has dramatically change and even popular mainstream business media including CNBC has recognize its value.

Crypto perception could change drastically over the next years, thanks to the COVID-19 pandemic. The disease has forced people to practice social distancing and stay interconnected in the online world. The pioneer cryptocurrency had a dramatic rise from $3k to just $8.8k in nearly two months since the crash of the economy in March 2020. It shows us how resilient BTC is in times of turmoil. With an ever-growing number of people joining the "crypto train", it looks very unlikely that Bitcoin will see an "end game" anytime soon. Even after all BTC are mined by 2100, miners will still live off fees, prolonging Bitcoin's life (hopefully) within the mainstream world.

Something disastrous would need to happen in the future for Bitcoin to experience its "end game". Maybe governments will enforce the use of CBDCs, while banning the use of crypto worldwide? Or maybe BTC experiences a terrible 51% attack which would lead to loss of confidence from people in the mainstream world? For now, the fate of Bitcoin seems to be a mystery because of its unpredictable nature. It's always best to have a "Plan B" and "Plan C" just in case Bitcoin fails in the long run. What matters is Blockchain technology above anything else. As long as people are able to enjoy financial freedom without the need for a middleman, nothing else matters. Just my opinion

[peter0425]

In my opinion, the most dangerous opponent not only of Bitcoin, but of all cryptocurrencies in the near future, is a quantum computer that can destroy all current cryptography systems. And cryptocurrencies will either be modernized or die.

well at some point this quantum computers has been always in the topic about bringing down the bitcoin in future.
is there really a threat ?because it seems that this becomes viral day by day.

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.


Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

This is entirely possible. CBDC can disrupt the whole market and they will be the new manipulation organization in this crypto market. Although there are many bitcoin billionaires in this world, I believe they will not be able to fight a mighty Central Bank. Maybe we will welcome a new era and a new game. it's all just a matter of time

This is our enemy,the manipulators because they made the market disregarding the independence of cryptocurrencies .

[wingfield_crypto]

     I don't think real investors are so naive as to be manipulated by world governments. It is hard to believe that Central Banks will succeed in forcing people not to use cryptocurrencies as an investment space. Bitcoin works independently, without the need for banks and governments.
Another argument that Bitcoin will not die is that the Charles Schwab report, published in November 2019, shows that countries such as Turkey, Venezuela and Iran, which are fighting hyperinflation, may migrate to the adoption of BTC in this financial crisis.

     Bitcoin will continue to exist and become more and more popular.

[MFahad]

I think some nations already welcome Bitcoin and there will be no need for government to outrightly ban the use of  bitcoin. So if one nation is critical of it, users in that nation will find a way through the internet to byepas that nation regulation. Bitcoin traders will always find a way around the internet to do their investment except the internet is shutdown.

As long as internet is there, bitcoin cannot be shutdown. Some people might think that bitcoin is a bubble and they stop using it but majority of the people and governments will accept bitcoin in the near future. Digital currency is the new form of currency and we have to accept it.

[yohananaomi]

Concerns must exist if bitcoin does not last long because of interventions by countries that consider bitcoin to be illegal.
but we know that many countries have recognized the existence of bitcoin and have accepted it as a legal transaction. so that it can be used as a legitimate medium of exchange and purchase. even if later the state will try to establish its own digital currency, there may be many obstacles that occur because not all countries can recognize other countries' digital currencies, because they only regulate the legal currency and have been issued, maybe the country is preoccupied. bitcoin will still be a tool that could be an alternative as usual because it has been going well.

[MicroGuy]

Concerns must exist if bitcoin does not last long because of interventions by countries that consider bitcoin to be illegal.
but we know that many countries have recognized the existence of bitcoin and have accepted it as a legal transaction. so that it can be used as a legitimate medium of exchange and purchase. even if later the state will try to establish its own digital currency, there may be many obstacles that occur because not all countries can recognize other countries' digital currencies, because they only regulate the legal currency and have been issued, maybe the country is preoccupied. bitcoin will still be a tool that could be an alternative as usual because it has been going well.

This is correct.

Bitcoin is a banker operated settlement layer now engineered (1MB blocks) to depend upon a highly regulated L2 scheme that turns miners into money transmitters subject to KYC/AML oversight and enforcement.

You won't be reading about this true history and masterplan anywhere else.

[Abiky]

As long as internet is there, bitcoin cannot be shutdown. Some people might think that bitcoin is a bubble and they stop using it but majority of the people and governments will accept bitcoin in the near future. Digital currency is the new form of currency and we have to accept it.

Completely agree with you, mate. To be able to take down the entire Bitcoin blockchain, the whole Internet needs to be shut down. There's no other way around it. The bigger Bitcoin becomes, the harder it'll be for governments to stop it. It's been 11 years since BTC's inception, and surprisingly, the pioneer cryptocurrency is still in one piece. With the recent COVID-19 pandemic, digital payments have increased like never before. One way or another, digital currencies will become the future of money as we know it.

I believe that it's still too early to talk about "Bitcoin's End Game" since the Blockchain industry is starting to blossom. For now, Bitcoin and other cryptocurrencies will continue to remain actively used in the mainstream world. Unless some new technology comes out which challenges Bitcoin's Blockchain technology, I don't see Bitcoin going anywhere. We could start worrying about all this, once all Bitcoins are mined by 2140. But even you and I won't be able to live that long. The future certainly brings surprises, especially in the uncertain world of crypto. Just my opinion

[salamat700]

In my own opinion, we are already aware that substantially many big and small countries are not anymore afraid of Bitcoin  because they already understood well that Bitcoin and the whole cryptocurrency market can be regulated and doing so can be beneficial to their economy. Bitcoin is not anymore seen as an enemy but slowly gaining the reputation as a friend that can be an ally bringing many advantages.

[shoreno]

In my own opinion, we are already aware that substantially many big and small countries are not anymore afraid of Bitcoin  because they already understood well that Bitcoin and the whole cryptocurrency market can be regulated and doing so can be beneficial to their economy. Bitcoin is not anymore seen as an enemy but slowly gaining the reputation as a friend that can be an ally bringing many advantages.

i didnt know that being regulated means beneficial to a country  but i thought people doesnt want crypto to  be regulated  cause they think this will wear off some characteristic of crypto .  while for me being regulated or not , i will still use a crypto . being regulated means that crypto will retain forever

 many people changed thier views from bad to good about bitcoin but there are also people that have a good to bad view and some still have a bad vibes that wont probably changed

[hahay]

Indeed, nothing lasts forever but that does not mean bitcoin and exchanges and other things will be destroyed, when the government has its own digital currency or whatever they make themselves related to crypto or to topple the crypto market it will only become a fair competition, because even something that is illegal so far such as the black market, porn videos etc., still persists and that proves the government does not have much power to undermine something that has become the interest of many people in the world.

[Leviathan.007]

There can be many scenario about it. For example after fight some governments against bitcoin (mostly because of money laundry, drug deals and losing price comparing to bitcoin) they will find a way to defeat bitcoin by stooping people buying bitcoins and suspending exchanges. Just like what US done to the bitinstant suspended. and they other scenario can be someone with some new method try to hack some wallets.
Also any technical issue in the network can be the reason of bitcoin's end game.
After all these I saw I think there is less than one percent chance for all the scenarios to be happen if the future.

[Slow death]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

bitcoin is only a few years old and still does not have thousands of people worldwide using bitcoin bitcoin, which opens space for more adoption and longevity of bitcoin itself

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them.

if governments wanted to crack down on bitcoin, they would have done it many years ago, it wouldn't make sense for governments to crack down on bitcoin when they are already recognizing bitcoin with each passing year

It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments.

as i said before governments are recognizing the existence of bitcoin, look at how every year more countries accept their people to use bitcoin, look at how more and more traders accept bitcoin every year. look at how every year regulators are taking measures that benefit bitcoin and eventually everyone in the world will use bitcoin without a problem.

creating a government digital currency to compete with bitcoin will be a very difficult task for any government and governments know it.

Most practical solution:

Governments accept bitcoin, but put KYC on everything that is centralized and supervise everything that is centralized, this is the most practical solution and governments know it!

While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

I think you are mistaken, there are many people who will be happy to buy bitcoin when they have regulations made by governments. The rich (those who have a lot of money) will be satisfied if they have guarantees that they will not be trading on scammer exchanges or on exchanges that manipulate volumes

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

if this option were very easy, don't you think that governments would have already done this?

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

we are at the beginning, the beginning of a great and long and good path

[RememberGod]

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?

I don't think there will be the end of bitcoin this way.

First, you are not the only one who likes bitcoin. In fact, many strong and rich people would love to move around tens of millions USD secretly. And some of them, surely, work for governments. Probably, that's why bitcoin wasn't banned in 2011 - 2016 when there were loud notorious cases like Silk Road to force ban bitcoin straight away.

Secondly, there will always be countries and jurisdictions that would love to host bitcoin exchanges just like we have offshore banks since... Always? 1980s.

Thus, there will always be ways for bitcoin to exist. The unlikely nightmare would be the world turning into one country with totalitarian regime. But then we would have much more serious problems.

P. S. Rename your home wi-fi network to Bitcoin and we'll win, believe me, lol

[Abiky]

Indeed, nothing lasts forever but that does not mean bitcoin and exchanges and other things will be destroyed, when the government has its own digital currency or whatever they make themselves related to crypto or to topple the crypto market it will only become a fair competition, because even something that is illegal so far such as the black market, porn videos etc., still persists and that proves the government does not have much power to undermine something that has become the interest of many people in the world.

The fact that Bitcoin's code is open source, allows anyone to maintain the longevity of the project for many generations. Bitcoin’s “doom” would’ve been certain if the same was entirely centralized. Luckily, Satoshi designed Bitcoin as an open and decentralized cryptocurrency that's able to "stand the test of time". No matter what governments' efforts may be, there will always be a way to use Bitcoin. A full government crackdown will only affect people's ability to get access to Bitcoin through centralized exchanges. But it'll still be possible to trade Fiat to Bitcoin (or vice versa) in-person without the government noticing. In addition, people can use decentralized exchanges or even atomic swaps which are outside the scope of the authorities. The only way to totally disrupt Bitcoin is to shut down the entire Internet from the whole wide world. But you and I know that's practically impossible to achieve.

Considering that it's very unlikely Bitcoin will be facing an "End Game", it might survive alongside Fiat for many generations. You and I won't be able to live after all Bitcoin are mined by 2140. But I'd expect that Bitcoin will be widely successful in the future as a decentralized safe-haven asset for the world. As long as there are people supporting Bitcoin in every way, nothing should go wrong. Just my opinion

[retnoanjani]

...

Considering that it's very unlikely Bitcoin will be facing an "End Game", it might survive alongside Fiat for many generations. You and I won't be able to live after all Bitcoin are mined by 2140. But I'd expect that Bitcoin will be widely successful in the future as a decentralized safe-haven asset for the world. As long as there are people supporting Bitcoin in every way, nothing should go wrong. Just my opinion

Today we can see that bitcoin adoption is becoming more widespread. This is a good sign, moreover, bitcoin is very compatible with technological developments, becoming a lifestyle of modern people. When ever we can have an effective currency for investment, trade, and even make cross-border payments without complicated requirements. Without waiting too long or until bitcoin is depleted, we can see that bitcoin can be something shining.

[Jorge158]

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency?

Not really, because Bitcoin has the backing of the government-sponsored media and banker-funded institutions like Blockstream.

The longevity of Bitcoin is not debatable because as the world moves forward and gets more digital, Bitcoin grows in essence. Now, adoption has grown way up comparing it to years back. This shows how people become interested in Bitcoin and cryptocurrency after reading the concept and whitepapers of some projects.

[Abiky]

Today we can see that bitcoin adoption is becoming more widespread. This is a good sign, moreover, bitcoin is very compatible with technological developments, becoming a lifestyle of modern people. When ever we can have an effective currency for investment, trade, and even make cross-border payments without complicated requirements. Without waiting too long or until bitcoin is depleted, we can see that bitcoin can be something shining.

That's certainly true, mate. Bitcoin has already gained mainstream recognition, while that's not the case with some altcoins on the market. It's the first cryptocurrency that comes to mind, when someone is looking to join the world of crypto. After all, Bitcoin is the "Father of Blockchain technology". With 11 years of success, it's hard to think that it'll die anytime soon. On the contrary, it seems that Bitcoin will experience massive growth in adoption over time due to its unmatched security and reliability unlike any other cryptocurrency on Earth. The reduced block reward every 4 years should make Bitcoin more attractive as a sort of long-term investment. As development grows, Bitcoin will become a rock-solid cryptocurrency that's hard to "tackle" with.

The only way Bitcoin will be facing its "End Game" is if all governments worldwide conspire against it by shutting down everything single centralized exchange trading it. Aside that, the whole Internet needs to be taken down to stop the Blockchain from operating as intended. But that's very unlikely to happen given that countries can't agree unanimously on decisions. I don't expect another cryptocurrency to emerge with a superior tech than Blockchain, at least during Bitcoin's last mining period in the year of 2140. Gold has been in use for a very long time, so I believe that Bitcoin will live on for many generations no matter what. Just my opinion