What if Bitcoin Fails ?

[Mamun74]

I Think bitcoin can't fall because it's already succeed. If bitcoin will falls then we will go back old version. Bitcoin long term survive cryptocurrency and most valuable coin.Most countries didn’t accepted bitcoin and bitcoin transaction but people still using bitcoin so i think bitcoin will be more survive in future.

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[Mpamaegbu]

Well, I've a different perspective to all that "Bitcoin failing" theory. It's a pessimistic way of looking at it. I called it pessimism because it's an unnecessary fear of government succeeding in destroying Bitcoin. I don't think that's feasible from that angle, seeing that some countries are already keying into the Bitcoin movement now. If Bitcoin will fail, it won't be failing as in the sense that it wouldn't be in operation anymore as a cryptocurrency. It would be that certain alts took over that reign of dominance from it because of ground breaking innovations and utilities they're able to come up with; not just as the mere channel of payment Bitcoin is reputable for. Most alts are coming up with smart contracts and that could help them gain enough patronage.

[Emitdama]

I Think bitcoin can't fall because it's already succeed. If bitcoin will falls then we will go back old version. Bitcoin long term survive cryptocurrency and most valuable coin.Most countries didn’t accepted bitcoin and bitcoin transaction but people still using bitcoin so i think bitcoin will be more survive in future.

Yeah, it’s already succeeded, but it is also up to all of us to keep it that way. We should all make sure that we do the right thing. And how are we going to do the right thing? By making that we secure every space and not give them (the government) any chance to penetrate. The way I see it, Bitcoin is not going to fail, even the government knows that there is no way they will be able to stop Bitcoin, so what they are trying to do now is to adopt it and regulate. Because they know that even if they decide to ban, it doesn’t stop people from making use of it through peer to peer.

[KennyR]

I Think bitcoin can't fall because it's already succeed. If bitcoin will falls then we will go back old version. Bitcoin long term survive cryptocurrency and most valuable coin.Most countries didn’t accepted bitcoin and bitcoin transaction but people still using bitcoin so i think bitcoin will be more survive in future.

Yeah, it’s already succeeded, but it is also up to all of us to keep it that way. We should all make sure that we do the right thing. And how are we going to do the right thing? By making that we secure every space and not give them (the government) any chance to penetrate. The way I see it, Bitcoin is not going to fail, even the government knows that there is no way they will be able to stop Bitcoin, so what they are trying to do now is to adopt it and regulate. Because they know that even if they decide to ban, it doesn’t stop people from making use of it through peer to peer.

It shouldn't be allowed to take control by the governments, and how this can be made possible. Only by the spread of bitcoin among the common people than getting accumulated within few. If a country like USA or some other country get into the usage of bitcoin, automatically they'll try to accumulate majority of the mined coins. In that situation bitcoin can be easily manipulated and this makes bitcoin loss its key element of decentralised functioning. Hope such scenario won't happen.

[KingsDen]

Please Read Me

Bitcoin can never fail;
Do you know why;
The technology behind Bitcoin and Blockchain is already known;
If what you see as Bitcoin today fails, something more important and powerful than bitcoin will emanate from Blockchain 
Nobody wins a war against technology.
So, relax and enjoy the freedom that bitcoin ushered;
Do not be fearful and do not panic, nobody can win the war against freedom.

[GeorgeJohn]

Bitcoin didn’t exist before and we were able still to do transactions via bank or p2p. If bitcoin fails we will only go back in older method of transactions as well of investing. Some still didn’t bitcoin exist so it will not bother them , only those who already know crypto will be affected but soon we know that there will be new inventions or method that might be alike in crypto if ever bitcoin fails.

If bitcoin runs out existence nothing that will come up as a result of resemblance, because if theirs new innovations that looks like bitcoin it will not gather the firm or the influence Bitcoin has possessed for the intervals of the Years it come to board, from ny perspective the level Bitcoin has ascertain right now i don't think it will fail until fifty (50) years time, the only thing i know that will be happening into cryptocurrency generation is changes and regulations.

[Ararbermas]

Actually bitcoin always fails but everytime it fails it gave us opportunity to make profits..

Infact how many times did you see bitcoin price fell from the current ATH? Because to be honest with you i cant count it..  

Bitcoin got banned in other country but adoption is getting higher everytime the price is getting cheaper reason price always surge back and breaking ATH.

So i think we must be thankful that it fails sometimes because that's the way we can make good return as well afterwards.

[stepwilli]

I strongly believe that Bitcoin is not going to fail. Although I do have a problem with custodial wallets and people that are making use of these regulated platforms, it doesn’t make me happy at all.

Yes, I believe we all have been seeing the news about how the government plans to use the centralized exchanges one day, which is why we have seen people advising us to stop storing our coins on custodial wallet, rather we should have stored on peer-to-peer/decentralized platforms where the government cannot exercise any form of control. Remember that when it’s not your keys, then it is not your money as they say, so we need to secure what we have, our assets and not let anyone control.

[Victorik]

If Bitcoin fails, life goes on mate. Our survival doesn't depend on it, so if it fails, it fails. However we very much appreciate all the opportunity it brings. It has opened our eyes to various opportunity that we seldom knew existed.

[killerfrost]

At this point, I don't have much reason to see the failure of BTC. We have already seen the good and bad sides of the technology that this field has to offer. So far, the crypto market is growing stronger and the demand for it is growing. Its problems are so far seen as a challenge that only slows down this process, but cannot prevent it.

[Quintom]

No matter what we do, we should never allow Bitcoin to fail,if it fails so many investments and activities will fail, government may also loose so many in their investments... We should try and and keep up and make sure Bitcoin never fails, Bitcoin has helped the world in so many ways, it should not fail, I believe it has come to stay.
It will not fail.

[Tellek Garing]

Its all fine and dandy but what bothers me here is that not a single sentence in that post is yours, you just copy/pasted that guy Max Gagliardi's tweet thread without making it obvious to everyone that all this is verbatim copy. While you covered yourself by sharing the link at the bottom, that's simply not how these things are supposed to be done if you are to follow posting etiquette.

So, if you plan to create similar topics in the future, put all verbatim copy inside quotations and make sure to add something of your own instead just sharing someone else's thoughts without commenting on the issue.

This is what we constantly see on the forum where a member fails to observe the rule of the forum, well the moderator will trash it out. And to say the write-ups are made of force information and with wrong analysis on the numbers of countries that currently accepting Bitcoin in Africa.

[Leviathan.007]

4)  If Bitcoin fails, Central Banks Win

Unelected bureaucrats decide the value of your labor & time. Money is the way we store the value of our time on this earth.  No one should have the power to inflate the value of your time away from you. Bitcoin’s set 21MM supply fixes this.

It depends on what do you mean by saying bitcoin fails because there are many people who say bitcoin fails just because this couldn't pass the 70k price level and there are other people saying bitcoin failed because the governments are able to force people to pass the KYC and this will be against what bitcoin privacy gives us. But if you mean completely failing the whole project I would say the most important thing is failing bitcoin means the central banks won the war between fat and cryptocurrencies and that's what the governments always wanted to see, but with the correct interest by people to care about their privacy I would say that's not really something that will happen anytime soon.

[Hypnosis00]

What if it fails? But what if not?
Honestly, most negative people will fail and those who were positive succeed. And to answer what-if Bitcoin fails? I'm still looking forward to seeing it never fails coz as many people will value this thing, that is very unlikely it fail but instead, we gonna see Bitcoin becoming more appreciated than fiat. And even these banks will take chances to be part of this just like what they do with fiat.

The Government, the banks, will either support this in the future.

[isaac_clarke22]

~

It's pretty much that. The original post is a little bit too much. It's all about having freedom with your own money and people always have that choice whether they would want that with their money or just choose to be a bank slave. Bitcoin cannot just technically fail in a blink of an eye.
Bitcoin is decentralized plus it's open source anyway.

[Miracleor]

In the cryptocurrency world, Bitcoin is what people believe in. Bitcoin cannot fail without a major attack (or disaster). Bitcoin stands for freedom.
Blockchain technology is being learned in every country, even countries that ban bitcoin are learning blockchain. But now many countries will launch digital currencies, which is also a test for Bitcoin.

[kryptqnick]

Bitcoin can be censored in some countries, especially authoritarian ones, but I don't think it's something that can happen in democracies. So I think this list is relevant if we imagine countries like China censoring Bitcoin and what happens next, but globally, it's impossible to imagine Bitcoin failing and all those things the op mentions becoming the case. Some points are also far-fetched, such as Bitcoin being the only truly objective thing (this is very far from the truth), and the point about capitalism is pretty controversial (not everyone thinks capitalism is good, and Bitcoin doesn't entail capitalism).

[Smartvirus]

The Internet is said to be a world wide Web and as such, it has been stated to have made the world into a global community. Hence, those far and near is made nucleated.
The forum is an internal platform and have got representatives from all nations right here. All of which are active users of the Internet and are exposed to series of contents as you, on a daily. Especially the trendy once.

This should bring to a plagiarist that, there is every chance for a user to spot plagiarism anywhere the act is perpetuated and there isn't any exemption to the forum. It always saddens me for users to exit the forum on plagiarism counts but again its a proactive measure to tackle what is turning to be an everyday act on the parts of most beginners. Let's do our best to ensure originality of content and be decent enough to make references when we use other people's content alongside our own words.

[Jarbltater1]

The solution is to provide a means for people to make their own cryptocurrency and have better/safer yield/growth than they would in a traditional bank...like make it so easy to make your own crypto and so accessible through a service or something like a special debit card that converts whatever cryptocurrency to fiat on swipe even if I made a Jarbltater1 coin that was set to be a USD stable coin, a Jarbltater2 coin that was valuated by market cap for savings, a Jarbltater3 coin for taxes/governence/burn...so pretty much all the normal banking a person would do plus means for the token to be changed by the user of the service all for free...I know this is all probably hard to follow but...if we could get a way for people to use their own crypto for all their normal banking purposes by starting with providing a debit card that converts any crypto to fiat on swipe and providing that through the service which provides the easy & free make your own cryptocurrency app you could get a 2nd crypto revolution that takes away the power of the governments and banks to launch 51% attacks against all the current cryptocurrencies by printing endless supplies of money into their market cap then taking control of the price...conspiracy theory territory, I know...but hear me out. If you had your own cryptocurrency and had $60,000 saved up in your own Jarbltater1 stable coin, with $20,000 in your Jarbltater2 liquid savings coin, and $20,000 in your Jarbltater3 taxes/hard savings coin and you somehow got your Jarbltater 2 coin onto an exchange with all of the fees and burns going into your Jarbltater3 coin then the government tried to 51% attack you they'd just make you rich and so long as you didn't start buying more of it after they did so there would be no potential for loss for you even if they took every penny back out of it. Furthermore, by providing another option among the many options people have for getting into cryptocurrency there will be another appealing option for a different group of people looking for this different type of option. Odds are that by getting more people, more money will flow into all of the other popular cryptos even if not much...it would still be very cool to see and I think it could work to save the intentions of cryptocurrency and free the people from central banking once and for all...even though we'd all end up using some sort of Visa card...

I guess the point I'm trying to make is we need to move on from public chains because those have been taken over by...well, public institutions like banks and governments...we need to move on from public chains and start using our own private chains.

I'm already envisioning the app...it'd be like an Awesome Miner but on your phone and you'd start by whether you want to select an already existing blockchain or use a blockchain of your own making then you literally just make a coin on any of the blockchains the app supports or your own if your smart enough...Somehow make it free even if it's only free for the first like year or two...Get people using it then all the sudden there's like 1,000 coins being mined on SHA 256, 10,000 new SCRYPT coins, and it just never stops on all the algorithms and the governments and other 51% attackers are just like, "welp, f*ck..." Could you imagine the news?

Last thought...it might even be a good option for the app to allow users to select what backs their cryptocurrency; they could use any fiat - most likely the one they get paid in...which leads me into another though, this app and the fiat/crypto conversion should support direct deposit and automatic distribution percentage like normal banking too. Or if they want it to be back by gold they can do that, even if they wanted their crypto to be backed by Bitcoin or Ethereum they could do that too.

[retreat]

3) If Bitcoin Fails, Big Government Wins

I can't say this because many big governments like USA, EU and many countries in Afrca support bitcoin, many governments do not accept bitcoin but accept their citizens to trade it, but anyone trading bitcoin in such country is on its own, but allowed. Only few countries banned cryptocurrencies totally, countries like China.

true, in many countries including mine, Bitcoin is not banned but bitcoin is not supported as a currency, bitcoin is only supported as an investment asset (in the category of stocks).

Bitcoin can not fail, especially not because of fiat that bitcoin will fail because fiat held today will have less value tomorrow and the more times passes, the more fiat are worthless.

Bitcoin will not fail, Bitcoin has entered the minds of hundreds of millions of people in the world, more and more people are converting their fiat to Bitcoin, especially countries that are in conflict.