Do you sometimes think Bitcoin will fail?

[Minecache]

Bit coin is more likely to fail than succeed. The probability of failure is cited around 80% not least because it goes against the very ethos of our centuries old banking systems and the banksters don't like that.

Not taking responsibility for that number. Not adding an argument. Not even spelling bitcoin right. Yeah, what a guy to listen to.

I've got some skin in the game so know what I am talking about. I'm just more realistic than you as to bit coins chances against the established banksters rigged systems.

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[PolarPoint]

I have doubts about bitcoin at times to be honest. Great things sometimes do not work out. There is a lot of big investors' money pouring into the ecosystem, the chance of a bitcoin fallout is diminishing. If bitcoin did fail, it is no fault of bitcoin itself, but governments and banks.

[Nerazzura]

Having doubt is good.

Can developer make improvement to make bitcoin better?

The easiest way to help is to donate some bitcoin Bitcoin Foundation. Or you can help fund any projects related to Bitcoin that you believe will benefit our future.

Organisasi

Bitcoin Foundation and many other non-profit organization dedicated to maintaining and promoting Bitcoin. You can help these organizations with a way to join them and participate in projects, events, and their discussion.

[californiaquail]

Pardon my stupidness but once every bitcon has been mined, who is going to take care of the validation process since there will be no more reward ?

[Qsquegg]

Pardon my stupidness but once every bitcon has been mined, who is going to take care of the validation process since there will be no more reward ?

I guess then people will need to attach an appropriate fee to the TX (whatever appropriate means) and validation will continue as before. So using bitcoin's never going to be free, and maybe once mining's over with, that cost will jump a little.. still, it'll be cheaper than an international credit card transaction by a long way, that's for sure.

[sublime5447]

It will fail and if it succeeds it will be a failure in my mind because it works of the scarcity model and widespread adoption would mean  replacing one centrally controlled system with another. Bitcoin decentralization is a myth, any scarce item is a controlled and centralized item.   

[johnathan32]

For my selfishness, bitcoin already is a success. I've already received a good ROI, so even if bitcoin goes to 0 in a month I'll be way better than before, anything more is a success for me.
 But I personally doubt bitcoin will fail in the long run. Maybe replaced by something better. Bitcoin is p2p, so not easily banned, and the blockchain tech is really a innovation.

There have been so many things that when they appered no one would say that they would go much far away, and they ended up conquering the world. Why not bitcoin? I think its good stay anyway, if it fails(not to happen soon) you can get good ROI, if it success you might be the next Bill Gates.

Bad rep in the media....child porn....gambling...drugs....51%.........blah, blah...

What's wrong with gambling and porn? They have been here way before bitcoin, and I think that 99% of people from gambling and porn industry don't even know what bitcoin is. Also the closest porn thin I've seen in the bitcoin world are cam girls that accept bitcoin.

drugs: the drug money is mostly cash and fiat. Addicted people have thei brain too damaged to learn something relatively complex like bitcoin, and the druglords sometimes are poor people without access to education and computer. For me the cash money is way more drug-related than bitcoin, even in the best case scenario of adoption. About 50% of money paper has traces of cocaine, when they arrested that big Mexican cartel guy they found a billion in cash, not in bitcoins, at least 25% of Wall Street money has relation with drug money laundering, and so on.

51% attack: would be too expensive, and with limited concrete effect, except the big crash in price that would happen. Also anyone with so much hash power would be making a huge profit, so it would be like burn a stack of $100 and all your future incomes, like Joker did in Batman the Dark Knight. I think no one rational enough to get at that point would be stupid to do such thing. Even if he's against bitcoin, there are more discrete and effective ways to hurt it in the long run while taking profit.
Plus the CS already made miracles with software and algorithms, so it is possible that when bitcoin skyrockets, or after a 51% attack, these issues would disappear.

CP: when they say about that, they think more about deep web and tor, not about bitcoin.




I think you're right, Bitcoin can be currently down and will cost a bit because a lot of things that affect him, but the long-term concept of Bitcoin will spread over the world and he will succeed

[wordman267645]

Yes i feel sometimes bad happening just like lost at the last moment.

[Mightycoin]

Bitcoin will possibly never fail in next few years, maybe crash after a decade..who knows 

[oceans]

I believe with anything like bitcoin that thought that it may fail with it still being so early on for it will always be in the back of your mind but having the faith and believing that it may succeed makes that easier. Who knows maybe it will fail in time or we could all be proved wrong and it could become a huge success with many many more people using it.

[BitcoinBarrel]

Pardon my stupidness but once every bitcon has been mined, who is going to take care of the validation process since there will be no more reward ?

I guess then people will need to attach an appropriate fee to the TX (whatever appropriate means) and validation will continue as before. So using bitcoin's never going to be free, and maybe once mining's over with, that cost will jump a little.. still, it'll be cheaper than an international credit card transaction by a long way, that's for sure.

Yes once 21 million bitcoins are created, miners will receive transaction fees solely as their reward. This will cause an increase in value in my opinion since the supply will be limited.

[CreamyPie]

Bitcoin will fail after lot of years, probably in 50 years. Currently its the dominating one.

Long live BTC

[botany]

Sometimes? Some people think it is destined to....

http://www.coindesk.com/middle-east-investment-bank-bitcoin-ignite-regional-e-commerce/

“Investors however should conduct their own due diligence in ventures before investing as they are risky investments. Bitcoin, still being in an experimental phase, has an 80% probability of going to zero, as the value of bitcoin is basically driven by people’s acceptance.”

[Daniel007]

What do you want to mean by fall? If you want to mean that Bitcoin will vanished some day, then i don't agree with you.

[Beliathon]

Bitcoin, still being in an experimental phase, has an 80% probability of going to zero, as the value of bitcoin is basically driven by people’s acceptance.”[/i]

Anus-derived statistics 101.

[botany]

What do you want to mean by fall? If you want to mean that Bitcoin will vanished some day, then i don't agree with you.

I guess if interest wanes and it becomes easy to launch a 51% attack, it would be considered a failure.

[bornil267645]

The more controversy it faces the more it makes me think  that somewhere down the line it's gonna stick. So no, I don't believe that it will fail.

[Cream]

It wont fail unless govt plans to bring it down, or some serious competitor..

[jwilford]

There was a time when I thought bitcoin would fail. Then a friend pointed out to me how many people have invested so much money in the ecosystem. They won't let it fail.
There's a whole industry out there. There a miners, there are mining device manufacturers, chip and board creators, there are exchanges, wallet creators, physical coin makers, loan services, advisors, software developers, pools, and this is only touching the tip of the iceberg.

Put it this way - gold will fail before bitcoin. Fiat will long fail before bitcoin.

This industry had plenty of money invested and literally worked themselves out of a job because they did not consider the external costs of their actions. This is going to be the same as BTCitcoin the industry will mine itself to death and fail. But I think just like the 16th century energy market that people will never look back and this will lead to a currency/internet/blockchain revolution. But I do not think that Bitcoin will be the end all be all. To be honest I don't think it has much life left. I am just hoping it can last long enough to expand crypto adoption. I am selling out and moving on to NODE since I think the better network topology of PoA is more sustainable but who knows something better may come along or NODE may fold up due to marketing or development shortcomings. I don't see this as a failure for Bitcoin it had it's role to play but I think that time has come and is going. A nostalgic part of me hopes I am wrong but the economics and history say otherwise. Time will tell.

[philiveyjr]

Im not scared about BTC at all.!! All those weakness can be solved without much problem..n Bad rep in media is something that will change with time..! I can feel that good times r ahead for BTC users..!! Cheers!!