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Author Topic: Can bitcoin last till infinity  (Read 1036 times)
Ebede (OP)
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April 19, 2021, 03:11:11 PM
 #1

I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.

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April 19, 2021, 03:18:50 PM
 #2

Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.
You believe that it'll come into reality, but don't you know how? If you do get how it works, then you should be sure that whether they dislike it or not, it'll always work. Most of the governments don't like the idea, but they've noticed that it'd be better for them to be part of it, than trying to illegalize it. (After many failing attempts of course)

Government policy is against internet piracy too. MegaUpload was shutdown, but what about BitTorrent? You can't shut down a peer-to-peer network. That's an immunity brought to you by internet.

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April 19, 2021, 03:42:28 PM
 #3

I believed that bitcoin will not last because of government policy is against bitcoin
which government? there are hundreds of them and many aren't against bitcoin.

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and many people is seeing bitcoin as a scam,
what do you mean by many? did you run any reasearch and ask people in the streets what they think about bitcoin or are you just saying it to have said something?

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so with such points I don't think bitcoin will stay till 2030,
since when 2030 is infinity?

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and if bitcoin stay till then that means it will stay till further notice.
why use this arbitrary year? bitcoin has been around since 2008. it is not like it was made yesterday.

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Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.
it seems more like you are deep in some FUD.

There is a FOMO brewing...
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April 19, 2021, 03:49:08 PM
 #4

I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.


Even though I wouldn't say that Bitcoin will last for Infinity, But Bitcoin is here to stay for a long while. Yes there are some countries where the Governments are not in support of Cryptocurrencies but also there are many other countries for now that the Governments have not done against Cryptocurrencies at least for now and hopefully not and there are others who actually do not go against it. So just by this simple example, Bitcoin might end up lasting for a very long time also because, the governments can only ban its trading within the country but not its existence. 
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April 19, 2021, 03:51:07 PM
 #5

Government policy against cryptocurrency will probably encourage more investors to come to it.

International trade wars end in losses to the economy, it's not a fruitful endeavour normally.

I don't think bitcoin will last long to be honest, I'd give it less than 10 years and certainly less than 50 - but it'll be replaced with something similar but better.

Most of the current secure cryptos each lack something that a new crypto could seek to resolve in each and in time we'll get to that point.
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April 19, 2021, 07:07:39 PM
Merited by BlackHatCoiner (1)
 #6

Infinity is very very far away. The speed of light is only 299,792,458 meters per second.  Therefore, it would take too much time to transmit a block to infinity and back. It would be impossible for the network to ever reach consensus under such long communication delays.  It probably won't even be possible to use the same blockchain on both Earth and Mars considering the 6 minute to 44 minute round trip time (depending on orbital positions), so no Bitcoin definitely won't make it to infinity.

Or did you mean eternity? Eternity is a very very long time.  Nothing lasts to eternity.  Humans won't last that long.  Planets and stars won't last that long. If there are no people, and no sun, and no planet, then there is no Bitcoin.  So, no, Bitcoin definitely won't make it to eternity.  I'll be very happy if Bitcoin makes it 300 years.
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April 19, 2021, 10:29:26 PM
 #7

Bitcoin will continue to exist as long as people know how to use the internet, or has a way to access the internet itself. That's why a world war or something of the likes is the worst thing that can happen to us crypto investors and enthusiasts because of the fact that war impedes on technological progress, which means that there will be less support and usage for internet.

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April 19, 2021, 10:39:13 PM
 #8

Don't think government can really stop Bitcoin even if they want to. The lack of a central authority makes it very difficult to cripple the system and any attempts would involve censorship of their internet.

Bitcoin can probably last for a long time, the branding that is. Bitcoin in a few years would look very different from the version that we have today. Allowing it to evolve continually gives it a chance to survive against any threats.

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April 19, 2021, 10:41:26 PM
 #9

I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.

Government could ban neither could really make out some impact on regulating platforms that do connects out with crypto but doesnt mean that every one of them would collaborate on the same
idea which would result on having the same step which is impossible.There would be always that do sees out positive towards bitcoin or crypto as a whole.
When we do talk about infinity then its hard to make out or draw some conclusions into things that might happen ahead.Nothing is assured nor do last forever but we can
presume out basing on the potential that it is currently showing off into us.

R


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April 19, 2021, 11:39:00 PM
 #10

I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.


Government has been trying to get rid of Bitcoin from the onset and they haven't been able to truly fo anything about it and they won't be able to do anything stop bitcoin not even in the near future or in 2030 like you mentioned. At best, government can only make up bad press media about Bitcoin that would go as far as bringing the price down. Other than that, government won't be able to stop Bitcoin's network from operating as it is.  2030 is just a decade away and there were many talks about government ending crypto in the past decade and it didn't work, still won't because Bitcoin is stronger than ever.
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April 20, 2021, 03:49:24 AM
 #11

I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.

If me personally never think about that. That is why bitcoin or maybe crypto i will consider as side business. Real business or maybe job is important because it maybe can last longer or maybe depends on us how we make it last long or not. But in crypto i think anytime it can collapse especially if lose trust from its users. Although not resist sometimes income from crypto is bigger.

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xSkylarx
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April 20, 2021, 06:51:07 AM
 #12

People that says bitcoin is still a scam is either they are a victim of ponzi scheme with the use of bitcoin or they are non-technical type of people who still can accept digital currencies and only considers fiat as a form of money. With the big institution investing in bitcoin and adopting blockchain technology, how can they say it is still a scam. I've known bitcoin 2016 and since then I never thought of it as a scam. Though the price is very volatile, if regulation will happen or all bitcoin is mined then I think its price will begin to stabilize.
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April 20, 2021, 07:01:06 AM
 #13

If we are talking about infinity then it will be problematic since there is no machine that can last for that amount of time. Maybe if we perceive cyberspace as an immortal plane then maybe bitcoin can last till infinity.

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yazher
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April 20, 2021, 07:07:55 AM
 #14

I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.


You know what doesn't run after that which you don't have any knowledge of especially when it comes to future things which will gonna happen or not. Today's era in the crypto industry is not meant to discuss the later issue instead if you want to take advantage of the current situation, you need to arm yourself with enough knowledge to be able to invest in the right project so that you will gonna prosper in the future.

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April 20, 2021, 07:19:04 AM
 #15

~

I am not here to criticize what you said as well, however Bitcoin cannot be stopped by any means actually OP.
Even if government bans it, people still have the control to transfer it through p2p transaction or even use VPNs when ISP block each trading site.

People seeing bitcoin as scam is just up to them, but it is not gonna stop it.
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April 20, 2021, 07:23:18 AM
 #16

I believed that bitcoin will not last because of government policy is against bitcoin
which government? there are hundreds of them and many aren't against bitcoin.

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and many people is seeing bitcoin as a scam,
what do you mean by many? did you run any reasearch and ask people in the streets what they think about bitcoin or are you just saying it to have said something?

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so with such points I don't think bitcoin will stay till 2030,
since when 2030 is infinity?

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and if bitcoin stay till then that means it will stay till further notice.
why use this arbitrary year? bitcoin has been around since 2008. it is not like it was made yesterday.

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Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.
it seems more like you are deep in some FUD.

I suggest the OP to become immortal in order to find out. The question fails on any rational and philosophical level because nobody can answer it anyway Cheesy Will planet earth exist until infinity? Ask me in X years and I will tell you..

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April 20, 2021, 07:24:27 AM
 #17

I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.

no matter what happen to crypto currency in the future wherein even government ban it due to some accusation such scamming and even they will base on its dark side.. Still they cannot stop crypto currency on its service, especially bitcoin in my opinion.. Because ever since BTC has a big advantage than real fiat. So for me its impossible that ppl will stay away on it as long as it still gives more opportunity for the hodler to earn massive profits... For this reason there's no way to be rejected if that times happen.
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April 20, 2021, 08:14:37 AM
 #18

There are plenty of government out there and not every country is against Bitcoin or even if they are would that even lead to the end of Bitcoin?
There are country or government that is against Bitcoin till now but did it end Bitcoin from growing?
We don't know how long it would last but we all know that it is decentralized and it isn't being controlled by anyone so if you want to use it, earn from it we are all free to do so.

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April 20, 2021, 08:31:37 AM
 #19

Even though currently not all governments support bitcoin and some people are still afraid to invest in bitcoin because of the scam problem, but according to my own personal opinion bitcoin will last a long time ... because now there are many elite wealthy people, who have switched to bitcoin ..
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April 20, 2021, 08:32:41 AM
 #20

I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.


No, that is even theoretically impossible, as infinity lasts forever, which is mathematically a neverending amount of time.
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