Bitcoin's End Game

[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.

[1714993633]

1714993633

[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.