Is bitcoin dead?

[greaterninja]

Some technologies take forever to take off.  For example the Fax machine which was made in 1842.  Yes, the 1800s!!!

Anyway, the fax machine technology did not become widely adopted until the 1970's,  It took over 130 years to become widely adopted.

https://en.wikipedia.org/wiki/Fax#History


Now with the internet of things and such its highly likely Bitcoin will become adopted far sooner as the frequency of transactions and distribution is exponentially higher while cost is scaleable.

[arallmuus]

bitcoin is not really dead, it price just down and people didn't give sympathy so that they can say bitcoin is dead

This is pretty much standard around here. You would  see how many FUD that actually comes from a newly created account when the price is having a crash and how many praises when the price was rallying. BTC itself isnt tied with its price because it store a value despite that it may have the potential to crash into dirt cheap.

Some technologies take forever to take off.  For example the Fax machine which was made in 1842.  Yes, the 1800s!!!

Anyway, the fax machine technology did not become widely adopted until the 1970's,  It took over 130 years to become widely adopted.

It took 130 years to become widely adopted and few years later there are e-mail that beats the existence of these fax machines. Some offices may still use this however the existence of e-mail is undeniable and much more efficient. On the other hand , the same thing could be applied to BTC as there could be some potential technology in the future that might replace it .Closely looking, some altcoin actually got the potential to beat BTC or atleast on par with it in the future.

[dreey]

bitcoin will never die because some because are people how don`t wana make a banking transaction

[Amph]

It took 130 years to become widely adopted and few years later there are e-mail that beats the existence of these fax machines. Some offices may still use this however the existence of e-mail is undeniable and much more efficient. On the other hand , the same thing could be applied to BTC as there could be some potential technology in the future that might replace it .Closely looking, some altcoin actually got the potential to beat BTC or atleast on par with it in the future.

this is different because we are talking about a payment system, where many alternatives are welcome, one can argue that now that bitcoin is a new tech and should have replaced fiat because it does offer a better technology

but this does not happened, so in the future in the event that a better tech will come out, it will not be a given that bitcoin will fall because of it

it can still co-exist with this new technology, like bitcoin is doing right now with fiat

[arallmuus]

It took 130 years to become widely adopted and few years later there are e-mail that beats the existence of these fax machines. Some offices may still use this however the existence of e-mail is undeniable and much more efficient. On the other hand , the same thing could be applied to BTC as there could be some potential technology in the future that might replace it .Closely looking, some altcoin actually got the potential to beat BTC or atleast on par with it in the future.

this is different because we are talking about a payment system
but this does not happened, so in the future in event that a better tech will come out, it will not be a given that bitcoin will fall because of it

As far as I know BTC is created to be a currency and not just a payment system like paypal and the others. Technologies evolves pretty fast and the old fashioned technology will be forgotten when there is a far better one.
Im not being skeptical about BTC however Im just stating a fact that everything could overtaken in the future . Judging from people's reaction that most people are so afraid of fork and tend to keep the same things for the next few years isnt a good sign that this technology may be overtaken by another one in the future

P.S : also about the words "future" , things is pretty much unpredictable and anything can happen
P.S 2 : by fork, Im actually stating about the bigger block sizes

[scarsbergholden]

Bitcoin is so dead right now that backpage.com is moving to use bitcoin just beacuse is dead, on the real note backpage has a monthly revenue of almost 3 million usd in revenue will this bring a complete new wave of adoption of its users?

[jeffthebaker]

If Bitcoin was dead this thread would not have 19 pages of responses. Furthermore the recent surge and price proves that Bitcoin is still alive and healthy.

[Bardman]

bitcoin is not really dead, it price just down and people didn't give sympathy so that they can say bitcoin is dead

This is pretty much standard around here. You would  see how many FUD that actually comes from a newly created account when the price is having a crash and how many praises when the price was rallying. BTC itself isnt tied with its price because it store a value despite that it may have the potential to crash into dirt cheap.

Some technologies take forever to take off.  For example the Fax machine which was made in 1842.  Yes, the 1800s!!!

Anyway, the fax machine technology did not become widely adopted until the 1970's,  It took over 130 years to become widely adopted.

It took 130 years to become widely adopted and few years later there are e-mail that beats the existence of these fax machines. Some offices may still use this however the existence of e-mail is undeniable and much more efficient. On the other hand , the same thing could be applied to BTC as there could be some potential technology in the future that might replace it .Closely looking, some altcoin actually got the potential to beat BTC or atleast on par with it in the future.

You probably never worked in an office but i can tell you that we still use fax machines quite often actually, although emails may be better fax machines are somewhat more reliable and when you send something they give you a confirmation paper as well.

[lexuz]

bitcoin is not dead. bitcoin grow up and when you see price drop you say bitcoin is dead. i think you wrong

[pereira4]

Bitcoin is so dead right now that backpage.com is moving to use bitcoin just beacuse is dead, on the real note backpage has a monthly revenue of almost 3 million usd in revenue will this bring a complete new wave of adoption of its users?

Yeah I saw this yesterday. And not only that, they gave a big middle finger to Visa and Mastercard and basically fiat and they will be going Bitcoin exclusive soon. This is only the beginning.

[torrentheaven]

If Bitcoin was dead this thread would not have 19 pages of responses. Furthermore the recent surge and price proves that Bitcoin is still alive and healthy.

Exactly. I Agree with you. Bitcoin is neither dead nor it will be dead in the coming years. The only thing bitcoin needs is a little attention from the people around the world. Once People starts adopting bitcoins as a currency it will having a great future and it will regain its value and shine in the coming years.

[pigzone]

Not just yet let's have faith and pray that it wont

[arallmuus]

It took 130 years to become widely adopted and few years later there are e-mail that beats the existence of these fax machines. Some offices may still use this however the existence of e-mail is undeniable and much more efficient. On the other hand , the same thing could be applied to BTC as there could be some potential technology in the future that might replace it .Closely looking, some altcoin actually got the potential to beat BTC or atleast on par with it in the future.

You probably never worked in an office but i can tell you that we still use fax machines quite often actually, although emails may be better fax machines are somewhat more reliable and when you send something they give you a confirmation paper as well.

I could see that you probably dont even understand whats my point is as I dont actually interested that if an office is still using fax machines or not. Offices may still be using it but sooner or later fax machines will be a history.

My point will be that I am stating once there is another new technology then the old one will be left over as people are much more interested with new things instead. Also another main post of my statement is to mock the issue about increasing block sizes as the tendency to stay "the same" without any concern for the future could actually almost be like to make BTC dead

[pigzone]

No btc is still worth alot

[Dotakels]

If Bitcoin was dead this thread would not have 19 pages of responses. Furthermore the recent surge and price proves that Bitcoin is still alive and healthy.

Exactly. I Agree with you. Bitcoin is neither dead nor it will be dead in the coming years. The only thing bitcoin needs is a little attention from the people around the world. Once People starts adopting bitcoins as a currency it will having a great future and it will regain its value and shine in the coming years.

Yes thats right you only need is to pay attention on what bitcoin purpose and also its help to people and also in transaction, don't only look on what you want to look and also don't only listen on what you want to hear.

[zeraTunerse]

If Bitcoin was dead this thread would not have 19 pages of responses. Furthermore the recent surge and price proves that Bitcoin is still alive and healthy.

Exactly. I Agree with you. Bitcoin is neither dead nor it will be dead in the coming years. The only thing bitcoin needs is a little attention from the people around the world. Once People starts adopting bitcoins as a currency it will having a great future and it will regain its value and shine in the coming years.

Yes thats right you only need is to pay attention on what bitcoin purpose and also its help to people and also in transaction, don't only look on what you want to look and also don't only listen on what you want to hear.

Bitcoin will go still long way as I think it is just an beginning stage and it has not shined yet as it has to be. But we also need to make aware people around us who are not aware about the bitcoins that will make bitcoin more popular and more stable as adoption level goes higher.

[pigzone]

Most likely a lot of campaigns are starting to go down and it's not profitable

[mearylll]

Most likely a lot of campaigns are starting to go down and it's not profitable

Yeah many of the campaigns are getting down and it is not good news for us as it is the only source of earning bitcoins and if it keeps on going down it would be really difficult to earn bitcoins as we don't want to get into trading or gambling. So more and more campaigns with good payout should be started.

[giustone]

No ,bitcoin is not dead.
Bitcoin is more appreciate and use.
Now you can buy with bitcoins,you can bet with bitcoin,etc.

[hunnaryb]

No ,bitcoin is not dead.
Bitcoin is more appreciate and use.
Now you can buy with bitcoins,you can bet with bitcoin,etc.

I Agree Still a long way to go. Just because of the prices are fluctuating it doesn't mean that it is dead nor it would be in the coming future. And the best thing is there are multiple advantages of holding bitcoins like shopping,gambling,online transfers,phone recharge etc.