SargeR33
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★Bitin.io★ - Instant Exchange
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February 17, 2015, 04:05:43 AM |
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Bitcoin lasts technically till at least 1 valid copy of the blockchain exists, once thats gone... its goodbye to Bitcoin forever.
Technically yes. But Bitcoin is strong only as long as people will be willing to use it. If they one day find another way is more efficient - bitcoin will be done for. It only exist because it is worth something for people. I know that, all I did was just answer OP's question on a very technical level =) Your reply really apply's more so to it actually being worth something and having a market price. But, alas, the protocol & network exist as long as 2 people participate in it, which would be the closest to its 'bitter end'. There are alts which are worth TINY amounts, almost nothing but still supported because people like the concept behind it or the potential for growth. I still believe bitcoin will exist until the internet doesn't. |
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ranochigo
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February 17, 2015, 12:07:33 PM |
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So, all the coins will eventually be mined, right? (What year was it again? I forgot...) And the only incentive to mine will be the fees.
How much would the fees be? They must be rather big to give enough incentive to mine...
There will allways be mining the fees, and it will probably still be profitable, believing that the price should be much higher. I doubt fees will be mandatory, because once again, if the price becomes insane, even a fraction of bitcoin for fees would be too much. I believe bitcoin will last for a long time, but also, that it will be replaced by something better in the future, or it will itself be dramaticaly changed to be better. cheers Even without high prices, miners can still make a profit after all the Bitcoins has been mined. There would be much more renewable energy sources available around the world and electricity would likely to become cheaper as manufaucting cost of the equipments to generate electricity would become much cheaper. Also, the efficiency of ASICs would most likely be improved. |
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picolo
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February 17, 2015, 12:10:50 PM |
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How Long Will Bitcoin Endure?How long? How long can it hold its price? How long can it stand its value? Is the end near? Or will it just be remembered in the statue? Centuries? |
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1Referee
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February 17, 2015, 01:36:56 PM |
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How Long Will Bitcoin Endure?How long? How long can it hold its price? How long can it stand its value? Is the end near? Or will it just be remembered in the statue? How long? Quite long.How long can it hold its price? Quite long.How long can it stand its value? Quite long.Is the end near? Not quite.Or will it just be remembered in the statue? Quite a question. |
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Daniel91
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February 17, 2015, 02:55:36 PM |
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Bitcoin lasts technically till at least 1 valid copy of the blockchain exists, once thats gone... its goodbye to Bitcoin forever.
Technically yes. But Bitcoin is strong only as long as people will be willing to use it. If they one day find another way is more efficient - bitcoin will be done for. It only exist because it is worth something for people. I agree 100 % with you. Bitcoin really was revolutionary and new in the beginning but right now we have many other similar projects on Internet. Many of this new virtual currency will not succeed but some will become successful. If bitcoin don't fulfill expectations of its users and some other virtual currency show more results, people will naturally replace bitcoin with something else (new virtual currency), more effective and convenient for them. |
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allthingsluxury
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February 17, 2015, 03:51:47 PM |
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There will always be a community of BTC users.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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LiteCoinGuy
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In Satoshi I Trust
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February 17, 2015, 04:17:17 PM |
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How Long Will Bitcoin Endure?How long? How long can it hold its price? How long can it stand its value? Is the end near? Or will it just be remembered in the statue? Centuries? at least longer that this crappy news site  |
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ChuckBuck
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February 17, 2015, 04:37:34 PM |
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How Long Will Bitcoin Endure?How long? How long can it hold its price? How long can it stand its value? Is the end near? Or will it just be remembered in the statue? Centuries? at least longer that this crappy news site I gotta say Bitforum.info is probably the worst formatted news website for Bitcoin and Crypto. They get their news from other sites anyways, and their community is really non-existent. I'd rather suffer through R/Bitcoin than go there again... |
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thejaytiesto
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February 17, 2015, 05:08:59 PM |
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Bitcoin and the blockchain will be here as long as there are humans.
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dothebeats
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February 17, 2015, 05:27:41 PM |
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How long will it last? Tbh, there are no certainties. Let's face it, if people lose interest in one thing, it could be easily forgotten by the majority of people. Bitcoin isn't an exception for that. It's true that bitcoin is an innovation that opened the eye of many people around the world. Bitcoin has its own "firsts" that may be forever recalled by humans, but there are no guarantees that it may hold value forever. The market is a rapid-changing environment. We can give a correct prediction; we can only speculate. Not trying to be a pessimist but I think bitcoin wouldn't last longer than a thousand years or so. lol |
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oblivi
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February 17, 2015, 06:22:49 PM |
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How long will it last? Tbh, there are no certainties. Let's face it, if people lose interest in one thing, it could be easily forgotten by the majority of people. Bitcoin isn't an exception for that. It's true that bitcoin is an innovation that opened the eye of many people around the world. Bitcoin has its own "firsts" that may be forever recalled by humans, but there are no guarantees that it may hold value forever. The market is a rapid-changing environment. We can give a correct prediction; we can only speculate. Not trying to be a pessimist but I think bitcoin wouldn't last longer than a thousand years or so. lol Most fiats don't last even 100 years, so im ok with it. |
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cubanos
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February 18, 2015, 07:18:32 AM |
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Bitcoin will be forever......  Lets hope that it will stay! |
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picolo
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February 18, 2015, 09:52:11 AM |
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How long will it last? Tbh, there are no certainties. Let's face it, if people lose interest in one thing, it could be easily forgotten by the majority of people. Bitcoin isn't an exception for that. It's true that bitcoin is an innovation that opened the eye of many people around the world. Bitcoin has its own "firsts" that may be forever recalled by humans, but there are no guarantees that it may hold value forever. The market is a rapid-changing environment. We can give a correct prediction; we can only speculate. Not trying to be a pessimist but I think bitcoin wouldn't last longer than a thousand years or so. lol Most fiats don't last even 100 years, so im ok with it. And fiat currencies return to their nautral value of zero. |
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Itsumo
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Play Rock Paper Scissor Lizard Spock
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February 20, 2015, 02:42:02 PM |
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How Long Will Bitcoin Endure?How long? How long can it hold its price? How long can it stand its value? Is the end near? Or will it just be remembered in the statue? Bitcoin hasnt reached its full potential yet. This is just the start. |
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BillyBobZorton
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February 20, 2015, 03:51:29 PM |
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Bitcoin will be forever...... Lets hope that it will stay! Bitcoin will not be forever, it will die when the universe implodes within itself. |
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picolo
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February 20, 2015, 03:57:14 PM |
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Bitcoin will be forever...... Lets hope that it will stay! Bitcoin will not be forever, it will die when the universe implodes within itself. The Sun will expand and "destroy" Earth before the Univers retracts. |
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brw314
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February 20, 2015, 03:58:49 PM |
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come to think of it, its a great way around inheretance tax
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manselr
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February 20, 2015, 04:08:38 PM |
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come to think of it, its a great way around inheretance tax
You would need to put all the money in advance through a exchange and you already give your data to the exchange so you can be prosecuted. |
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Madness
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February 20, 2015, 04:16:26 PM |
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Feb. 14, 2010: "I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume."
I hope this answers your question , this is a quote from Satoshi Nakamoto on Feb 2014 . (5 years ago)
~ Madness
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Skinnyman
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February 20, 2015, 04:26:38 PM |
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I have absolutely no idea how long bitcoin will last and that's what makes it exciting. It could last for years, maybe decades, or it could fizzle out or die completely or in that timeframe too. come to think of it, its a great way around inheretance tax
Not if you die suddenly and nobody knows what your password is |
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