When Bitcoin fails - what is Plan B?

[rio3232]

ya maybe change to another coin currency.
or try do something the best u can like make website or coding 

[tokeweed]

This thread got me think:
https://bitcointalk.org/index.php?topic=912190.0


what's Plan B in case bitcoin suffers total failure?

[FandangledGizmo]

Depends on the reason for it failing:
- One way mathematical functions used by Bitcoin failing: Find another function that is safe (if there is any left)
- Some implementation-flaw: Hard-fork Bitcoin with a fixed codebase.
- People losing interest in Bitcoin/cryptocurrencies and they lose traction: Well, they will most likely fade into obscurity, that's the way things go...

Decentralized crypto-currencies solve huge problems for people all around the world in terms of the greater personal freedom, privacy and security they provide. As well as huge cost savings in payments and value transfer so I don't think they will lose traction. I want to see the crypto movement grow and challenge the status quo as well as selfishly profit in the process. At the moment Bitcoin mostly takes other decentralized alternatives down with it too.

I think Bitcoin still has at least another 6 months to prove itself but if this year long downtrend continues even with the huge investment, utility & development that has happened in and around Bitcoin then I think people are going to have to take a cold hard look in the mirror and question whether Bitcoin has a fundamental problem.

I think a no/low inflation crypto with currency stable assets for business is the solution.

https://bitcointalk.org/index.php?topic=922252.msg10128457#msg10128457

If no-one can challenge that argument then that's fantastic news. It means crypto is not dying. It's doing better than ever and gaining wider and wider adoption. Bitcoin as the very first iteration of an entirely new technology just had some problems which have since largely been addressed by alternatives.

[sifter]

Bitcoin will never fall...


Or we could have "PlanBcoin"

[Daniel91]

Bitcoin will never fall...


Or we could have "PlanBcoin"

Everything can fall.
Roman empire fall after 2000 years!
Euro almost collapsed a few years ago.
Bitcoin can also fall but hopefully will not

[sifter]

Bitcoin will never fall...


Or we could have "PlanBcoin"

Everything can fall.
Roman empire fall after 2000 years!
Euro almost collapsed a few years ago.
Bitcoin can also fall but hopefully will not

Well bitcoin won't fall soon,

It's price may decrease,

but I don't think think it will hit rock bottom soon.

[balu2]

Unobtanium of course cuz that's a real commodity and doesn't suffer from decay so much. Uno is the real 'store of value'. Bitcoin isn't one.


https://bitcointalk.org/index.php?topic=527500.0

[kpitti]

Plan B???

You can sell or wait. System will not fall untile there is some transaction.

No one can tell where is a bottom.

[BeatMo]

wait - once it will rise from the ashes

[monsanto]

Plan B? Dollarcoin.



https://bitcointalk.org/index.php?topic=702098

[skinbrake]

Plan B is to stick to plan A which is use Bitcoin!

[R2D221]

Roman empire fall after 2000 years!

OK, I can handle Bitcoin falling after 2000 years as well.

[Dread Pirate Roberts]

i hopes not will be like that . bitcoin will always go

[FandangledGizmo]

Plan B? Dollarcoin.



https://bitcointalk.org/index.php?topic=702098

You can just buy BitUSD which is a decentralized stable dollar asset that is comparable to a financial instrument called a contract for difference. https://bitcointalk.org/index.php?topic=179695.msg10078463#msg10078463

I would previously have suggested looking at NuBits too but the latest blog post by Bytemaster basically laid out that it's very risky -

a NuBit is at best an unsecured IOU from unknown issuers. It only becomes a Ponzi scheme once NuBits is forced to print new NuBits to pay interest on old NuBits. They are not currently doing this, but due to the fractional reserve, naked-shorting that I believe is being practiced it is inevitable. Even Ponzi started out with honest intentions.

[sase007]

It is either:
  • Restarting plan A as it was before, increasign its popularity steadily.
  • Perfecting plan A correcting mistakes
  • Litecoin/DOGEcoin/Altcoins
  • Blockchainless coins

[chokesir]

Well, let's hope it won't fail.  However, if it does fail, I hope people have atleast some sort of plan B.
We can still come out on top!

[bitbaby]

If it fails, which I doubt it will, people will go back to plan A which is fiat, I don't think they'll trust another digital currency, so all the altcoin's survival depends on Bitcoin ultimately.

[hasiramasenju]

actually i do not have any plan B if bitcoin will fails and if it does happen i guess it's time to leave bitcoin and looking for a replacement

[pooya87]

this is such a hypothetical scenario!

but if bitcoin fails someday, and price falls so low to two digits, i will sell all my bitcoins that i have saved up and take the cash and never look back at bitcoin ever again.
also i might still continue my work in altcoin market, because i am currently invested in some of them and earning some small profit through that, so it is always nice to earn money through trading no matter what the price of bitcoin is.

[BellaBitBit]

Plan B could be other alt coins. I certainly hope that Plan B is another similar currency. The current fiat system is not sustainable.