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Author Topic: Can bitcoin last till infinity  (Read 1036 times)
maxreish
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April 20, 2021, 10:17:29 AM
 #21

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.


Another pessimistic approach towards bitcoin. Remember that while othet countries are regulating and banning bitcoin, more countries are bitcoin friendly and tend to adopt it with an open arms. We are not in a traditional way of living, modernized technologies, cashless system are already been introduced. Thus bitcoin as advanced blockchain offers a lot of use in different aspects.

Also, as bitcoin has a limited supply, it will last many years from now. Probably the last bitcoin to be mined will be 2140. Hundred decades and more.and that for sure, we will gonna witnessed the existence of bitcoin until we are alive.
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April 20, 2021, 06:07:15 PM
 #22

We all understand that Infinity has no verge or no limitations. I will not live and it is doubtful how far my community will live.  I don't understand how logical it would be to discuss so distantly.  But I imagine Bitcoin might exist and I expect it to exist.

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April 20, 2021, 06:27:31 PM
 #23

I don't think govs will start a war against bitcoin, there is a lot of money involved and the governments who decide to block or ban Bitcoin will lose an awesome business opportunity. We know China is holding tons of BTC and at least they will not ban it. and that's why I think bitcoin will not be blocked by govs.

But as a reminder, nothing lasts forever, sha256 will be brute-forced in the future, and that will make the coins migrate to a new encryption system with more complexity, which will be some kind of evolution for bitcoin. But it will survive to that.

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April 20, 2021, 06:33:08 PM
 #24

I believe bitcoin can last forever. Bitcoin is still being developed, developers are making bitcoin more sophisticated.
Many parties are not happy with bitcoin because the price of bitcoin has bubbleed up and is currently in the history of bitcoin with a price of more than $ 60k.

Attack after attack related to bitcoin news has started to emerge. The government doesn't want to be outdone by bitcoin. Bitcoin cannot be destroyed because the bitcoin community continues to grow every day.
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April 20, 2021, 07:08:59 PM
 #25

There are tons of governments in this world and most of them are neutral about bitcoin. Only a handful have harsh reception towards the cryptocurrency, and even if that's the case they are yet to fully ban any transactions, dealings, and related things with bitcoin. Even though that's the case, that doesn't mean that bitcoin can last forever. There is always a possibility that it can be taken over by a new cryptocurrency, and that's what I think is going to happen in the future if developments on bitcoin were to halt for some reason.
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April 20, 2021, 07:15:54 PM
 #26

I believed that you believe can't be success. Because i believe you still don't know bitcoins working process, algorithm. If you will know then you might not think about Infinity time. Where government can't able to trace a transaction or can not track sender or reciever then how you thought that government will be able to stop users to use it. I believed it could be impossible. Remember bitcoin is invisible. And you should research about other country where other countries government thinking to creat their own digital currency. The it should be waste of time to thought in future government will ban bitcoin.
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April 20, 2021, 07:21:02 PM
 #27

The first thing to say about this is that it is technically not infinite. Simply because the algorithm will only allow a certain amount to be released. The second thing I want to say is that nothing is infinite unless you believe in God or something like that from the field of astrophysics. Third, why do you think this end will happen "soon"? There are no prerequisites for this. The market is developing, private investors and states are investing in cryptocurrency openly and more and more actively. Everything is fine) smile! Smiley

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April 20, 2021, 08:53:25 PM
 #28

What I know about government policies towards Bitcoin:
1. Not supported by the financial services authority. This is because the distribution is completely unregulated and there is no guarantee from the government.
2. Bitcoin is vulnerable to being hacked
3. Often involved in Money Laundering to Terrorist Funding
But from there, Bitcoin is still allowed for long-term investments. Buying products or living necessities by paying using Bitcoin is prohibited because the price fluctuates significantly. But in my opinion, state policy is still different.
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April 20, 2021, 09:05:29 PM
 #29

When it comes to scam/money laundry and some other criminal acts is where I think the government might come in to play their game. But looking at it from another angle,  the well know government officials are also participating in crypto especially bitcoin cos it's a means of hiding public funds to avoid been caught.

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April 20, 2021, 09:17:45 PM
 #30

Hello everybody. I believe it is a misconception that Bitcoin will not last long. The government's bans on cryptocurrencies do not indicate the criminal origin of cryptocurrencies, but that the government cannot subjugate this area of activity and cannot come up with a real mechanism for regulating cryptocurrencies. Personally, my opinion is that until they come up with a more advanced financial structure than cryptocurrency, Bitcoin will always be in demand. At least we have enough for our lives.
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April 20, 2021, 09:21:57 PM
 #31

Hello everybody. I believe it is a misconception that Bitcoin will not last long. The government's bans on cryptocurrencies do not indicate the criminal origin of cryptocurrencies, but that the government cannot subjugate this area of activity and cannot come up with a real mechanism for regulating cryptocurrencies. Personally, my opinion is that until they come up with a more advanced financial structure than cryptocurrency, Bitcoin will always be in demand. At least we have enough for our lives.
Government had done lots of things for them to suppress out the achievement on what Bitcoin had able to reached out until this very moment.It wouldnt really able to fly that high
if there's no actual relevance towards into its existence when it comes to payment system.Talking about infinity then this isnt something that you can just make out conclusions.
No human being would able to do so and no matter how positive they do look towards bitcoin but doesnt mean that it will remain like forever.
People does only have lots of speculations and presumptions on where the price could possibly hit up or able to reach out.
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April 20, 2021, 09:59:13 PM
 #32

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.

It's very obvious that bitcoin will last forever provided that fiat currency exist, so shall bitcoin exist till infinity, the only thing that will make bitcoin to be moving forward is the massive adoption of cryptocurrencies across the world, so from my perspective bitcoin or crypto in general will take over fiat currency in time coming.

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April 20, 2021, 10:14:42 PM
 #33

I have never had the opportunity to talk to a specialist about bitcoin and blockchain technicalicities to clear out some doubts, for an example, how the existence of blockchain is assured to remain safe and if it could be destroyed somehow, so I could answer this question with property. But the simple answer is: as long as there is internet connection and demand for bitcoin it will last.
A government ban isn't enough to stop bitcoin or destroying it. Actually a government ban means nothing in the currently technological level we are. People have many tools to avoid bans, like Proxies, VPNs and even person to person transactions.

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April 20, 2021, 10:18:15 PM
 #34

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.

Well, first thing --you can’t generalize the government. As governments are not calibrated and they all have unique rules. And it changes from cities, states, nationals and international. And all of them are powerful and if you check, most of them accept Bitcoin as it is today.
Yes! There is a possibility of that, or at least make it stay for a long as 10,000 years 2030 is a very short span. This has been scientifically feasible. And let me tell you why. Once the community has able to send nodes in the out space, there is no way Bitcoin will be eliminated, a single node will actually do to keep Bitcoin survive. It really is a simple answer --right?









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Smartvirus
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April 20, 2021, 11:11:20 PM
 #35

I was just about to question your idea of infinity because, I really don't know where it comes from. How do you know if there is an infinity at all and again, there could never really be an answer for such a question with a giant leap into the future. Its far more yo even give an insight to it but, your content kind of narrows it down to 30years and further notice. O wonder what is that 'Further notice". Perhaps ots the infinity being talked about.

Well, if I should say something about bitcoin and the role the government are playing at the moment,  i think the government are doing what every normal individual or body as it is in this case would of. Bitcoin is a revolution and revolutions are always against so.ething for various reasons on a change. So, when this change isn't going to maximize profit for you, especially when you don't know how to utilise it, you've got to put out a fight.

Thats what the government is doing but, bitcoin has evolved to be the people, following ots decentralized nature and as such, fighting the people you claim to serve isn't the best of strategy and so, its natural to expect the government to fail in this fight and hope that the world would adopt bitcoin at some point.

R


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Sihab76
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April 20, 2021, 11:15:34 PM
 #36

It is not at all correct to assume that Bitcoin will last indefinitely, but given the current state of Bitcoin, it is impossible to imagine the extent of its destruction.  Bitcoin is mixed with human blood in such a way that you can't destroy Bitcoin even if I want to.  So undoubtedly it doesn’t take long to tell her.
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April 20, 2021, 11:24:06 PM
 #37

Hello everybody. I believe it is a misconception that Bitcoin will not last long. The government's bans on cryptocurrencies do not indicate the criminal origin of cryptocurrencies, but that the government cannot subjugate this area of activity and cannot come up with a real mechanism for regulating cryptocurrencies. Personally, my opinion is that until they come up with a more advanced financial structure than cryptocurrency, Bitcoin will always be in demand. At least we have enough for our lives.

That is the reason why some governments don't like bitcoin or crypto because they don't have the grasp to regulate it. Though it is hard to say that bitcoin will last forever, as we need to factor out in the future if there will be new technology that will arise. But the presence of bitcoin will last for long time, maybe even our lifetime. The existence of crypto is still young as compared to fiat existence, which has been used for centuries. So bitcoin has a long journey to tackle with...
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April 21, 2021, 12:30:26 AM
Last edit: April 24, 2021, 12:29:31 AM by Jaycee99
 #38

Okay, here is my point of view it will not last if the majority of governments in some different countries banned bitcoin or any other altcoin that is cryptocurrency-related.

BUT I believe that anything is possible like when are people asking will bitcoin go bull this may? questions I got to read from the month of January because of Ellon Musk and Tesla I always said it possible it may and it may not which made me believe even more that anything is possible. Still, at the end of the day, it's up to you to believe what you know.


but as for now, one country may affect bitcoin or other cryptocurrencies it does not mean bitcoin will go down or go flat.


Will let me tell you this in a theoretical form which I still believe in bitcoin and everything always happens in an infinity which is a cycle of back and circling like others have told you history repeats itself.

As of now I would suggest and have time to gain knowledge read more about bitcoin and there you will the answer by yourself basing on past news or things you might read about cryptocurrency especially its history.  


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April 21, 2021, 01:01:46 AM
 #39

I think not it will not last to infinity there are countless debates where infinity isn't real and universe isn't even profound to say it can last infinity. So my theory is it can't last an infinity if humanity ceases to exist. Currency or crypto is useless if no one uses it. Infinity is a word you can't take lightly therefore you are wrong for asking that question.
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April 21, 2021, 01:30:45 AM
 #40

It will stay forever and more valuable too. Its been proven to have stayed despite the bans from governments, China had changed its stance to it after the long term of baning it. Now it seems to have loossen its regularization and they might even allow more cryptocurrency as well. But what made China decide to do this I guess is because people are already using it to hedge their money, this country also wants to protect the wealth of their people.

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