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Author Topic: If Bitcoin crashes would this forum still exist?  (Read 655 times)
Pmalek
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July 25, 2021, 09:10:52 AM
 #41

Well, some people would say that Bitcoin crashed when it feel from $64.000 to $30.000 in terms of fiat value. Others would say it's just a correction for this or that reason. Whichever camp you belong to doesn't matter because as you can see, Bitcointalk is still here. There has been a lot of talk recently about forum activity, but it's not exclusively related to Bitcoin's current value.

For Bitcoin to become totally worthless, the whole system would have to fall apart and allow anyone to steal or spend any coins they like. If that were to happen, there would no longer be a need for Bitcoin it its current vulnerable state, or for the forum for that matter. Maybe an altcoin would then take the throne and the forum's only activity would originate from altcoin discussions.

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July 25, 2021, 10:31:00 AM
 #42

What sick and twisted country do you live in that would punish someone to death for using bitcoin? I guess I shouldnt doubt that there are a few countries out there that would, which makes me sad that people have to live under such bullshit oppression.
If you truly believe what you said in that part I bolded, then I think your first sentence is contradictory. Obviously, it contradicts your second view. However, remember that what we are dealing with here is a hypothetical scenario. It's that simple. We shouldn't lose sight of how traffic reduces in this forum during bear season let alone when governments begin to clamp down on those who are into Bitcoin. Do you honestly believe this forum will not be affected? Obviously not!

First off I asked what oppressive country you live in that would do that.. I never said I didn’t believe it, did I? I just reconfirmed with myself as I typed that I shouldn’t doubt it, not saying I ever did. Also I agreed that the traffic would likely slow here in the event of a massive crash, can you point out where I said something to the contrary? I also am well aware it’s all hypothetical at this point. Do you just like to create arguments or  Huh 

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July 25, 2021, 10:41:30 AM
 #43

For Bitcoin to become totally worthless, the whole system would have to fall apart and allow anyone to steal or spend any coins they like. If that were to happen, there would no longer be a need for Bitcoin it its current vulnerable state, or for the forum for that matter. Maybe an altcoin would then take the throne and the forum's only activity would originate from altcoin discussions.

Assuming that hypothetical scenario is realized, Bitcoin 2.0 would probably be released in order to fix that vulnerability and this forum would still be relevant for discussions.
There might be a separate Bitcoin 2.0 forum, but that would likely be much smaller in size and interest.

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July 25, 2021, 11:50:58 AM
 #44

What sick and twisted country do you live in that would punish someone to death for using bitcoin? I guess I shouldnt doubt that there are a few countries out there that would, which makes me sad that people have to live under such bullshit oppression.  I guess the same goes for jail time.  Hell China sends you to a "reform camp" cough prison camp cough if you don't simply conform to their religious ideals or god forbid two people of the same sex act upon their interest in one another.  Fucked up world that still needs a whole lot of work thats for sure.


The Democratic People's Republic of Korea Grin

Anything influenced by the Western culture is surely one way to get deported to the labor camp.

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July 25, 2021, 12:02:06 PM
 #45

What sick and twisted country do you live in that would punish someone to death for using bitcoin? I guess I shouldnt doubt that there are a few countries out there that would, which makes me sad that people have to live under such bullshit oppression.  I guess the same goes for jail time.  Hell China sends you to a "reform camp" cough prison camp cough if you don't simply conform to their religious ideals or god forbid two people of the same sex act upon their interest in one another.  Fucked up world that still needs a whole lot of work thats for sure.
No country hands out the death penalty for using Bitcoin  and no country would do that because that would create unrest. They can ban it and stop the people from using it and enforce fines and maybe jail sentences but they will not impose the death penalty. If there was a global ban how many of you would sit here defy the government and continue using Bitcointalk? Not many.
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July 25, 2021, 03:51:36 PM
 #46

First off I asked what oppressive country you live in that would do that.. I never said I didn’t believe it, did I? I just reconfirmed with myself as I typed that I shouldn’t doubt it, not saying I ever did. Also I agreed that the traffic would likely slow here in the event of a massive crash, can you point out where I said something to the contrary? I also am well aware it’s all hypothetical at this point. Do you just like to create arguments or  Huh  
Arguments? Nah! I merely pointed you to your wrong choice and use of words. You don't think it's wrong to refer to someone else's country as sick and twisted? You don't? 🧐

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July 25, 2021, 04:15:45 PM
 #47

The Democratic People's Republic of Korea Grin

Anything influenced by the Western culture is surely one way to get deported to the labor camp.
reading the crypto scams and frauds happening in South Korea these recent years I wasn't surprised that they would implement strict regulations to try and prevent or reduce the scams and frauds going on in their country. although I expected the Fines, I wasn't expecting the jail time.

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July 29, 2021, 08:12:10 PM
Last edit: July 29, 2021, 08:33:54 PM by suzanne5223
 #48

If Bitcoin crashes would this forum still exist? Yes
The purpose of this forum is to create a community/gathering of Bitcoin, cryptocurrency, and blockchain enthusiasts. It is not created only for Bitcoin though it is said to be created by Satoshi. Google it for more insight.

Meanwhile, Bitcoin has transcended the verge of crashing and there are also some enthusiasts who have once vowed not to allow it to happen.

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July 29, 2021, 09:00:48 PM
Merited by vapourminer (1), aysg76 (1)
 #49

You should really think about it. Do we discuss in here when Bitcoin's price rises? Do we discuss when Bitcoin's price falls? Do we discuss only about the price? Some thoughts that should answer to your question.  Smiley

Bitcoin is innovative money; the fact that it can be manipulated or as any other commodity, crashed, it doesn't mean that there shouldn't be discussions towards it. Because, after all, I have to say that the main purpose of Bitcoin isn't (obviously) to make you rich, but a critical thinker about the seasons we're going to live through. Oh, and sovereignly free; that's significant too.

Bitcoin leaves room for other projects to grow.

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August 04, 2021, 03:58:19 AM
 #50

Bitcoin will not crash, and the forum will always exist.
  • The forum does not only discuss the price of Bitcoin, it also has discussions on the ideological and technological aspects of cryptocurrency. As long as there is cryptocurrency, the forum will exist.
  • It may affect the decrease of Bitcoin users and lower activity, but as long as they can obtain benefits, they may still discuss in the forum.
There is a lot of information worth learning and researching in the forum. The price of Bitcoin does not have the greatest impact on the forum, but the enthusiasm and contribution of users to the forum itself.
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August 04, 2021, 02:46:01 PM
Merited by Pokapoka124 (1)
 #51

The price of Bitcoin does not have the greatest impact on the forum, but the enthusiasm and contribution of users to the forum itself.
Debatable. Bitcoin's price changes are likely to have the biggest contribution to loss, and gain of users. Most users signing up on the forum nowadays, seem to have the motive of eventually earning via a signature campaign, and while that's not a bad thing at all, part of our continuous success will be partly to the potential to earn here which includes signature campaigns, and other forms of earnings.

Enthusiasm for the majority of users will likely be tied to the current Bitcoin price or the potential of it rising. Theoretically, if Bitcoin had an expiry date that it was no longer profitable, that enthusiasm would likely quickly disappear.
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August 04, 2021, 04:28:08 PM
 #52

The price of Bitcoin does not have the greatest impact on the forum, but the enthusiasm and contribution of users to the forum itself.
Debatable. Bitcoin's price changes are likely to have the biggest contribution to loss, and gain of users. Most users signing up on the forum nowadays, seem to have the motive of eventually earning via a signature campaign, and while that's not a bad thing at all, part of our continuous success will be partly to the potential to earn here which includes signature campaigns, and other forms of earnings.

Enthusiasm for the majority of users will likely be tied to the current Bitcoin price or the potential of it rising. Theoretically, if Bitcoin had an expiry date that it was no longer profitable, that enthusiasm would likely quickly disappear.
I was going to say the same thing but you beat me to it. It would be arrogant to believe that the price of Bitcoin does have not the greatest impact on the forum. Bitcoin was the reason why the forum was created in the first place. A bull run fuels the energy of members to contribute to the forum and also boosts the influx of the new members into the forum. I am confident there are statistics to support this fact.

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August 10, 2021, 08:50:11 AM
 #53

Bitcoin is not going to crash, and I’m not just saying that, because it’s going to get better and better all the time.

Not to mention bitcoin itself ,,,what does it mean that so many countries and companies use Bitcoin and trust it? Isn’t that the best way to prove Bitcoin?

Don’t say something irrelevant here, just look at the market trend,
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August 10, 2021, 07:58:25 PM
 #54

It may affect the decrease of Bitcoin users and lower activity, but as long as they can obtain benefits, they may still discuss in the forum.
You touched upon a very important point here. The benefits that Bitcointalk offers. What are they? Earning cryptocurrencies, doing bounties, and offering services and goods in exchange for payments in crypto.

What if one day all that is gone? Hypothetically, that could happen. I don't think it's realistic that it will, but theymos or anyone who comes after theymos could one day get fed up with what the forum has turned into and decide to pull the plug and reset Bitcointalk to factory settings so to speak. No more signature campaigns, no bounties, no marketplace. Just a place to hangout and discuss Bitcoin. Very few would stay if something like that was attempted. Therefore, Bitcoin doesn't need to crash for the forum to drop on its knees. 

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