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Author Topic: What would make you really worry?  (Read 2046 times)
Amph
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March 23, 2015, 08:03:05 AM
 #21

If I had to give a concrete answer, perhaps some worldwide coordinated government crackdown on Bitcoin's legality....which seems highly unlikely.
Those people could never stop us. We've been doing whatever we wanted since childhood. Fuck doing dishes, we played video games. If they make bad laws, we'll create new ones.

they can't stop bitcoin trading at all, you could always trade it face to face, if you know what you are doing.

in the worst case scenario we could use bitcoin to buy used thing, to evade taxes
Natalia_AnatolioPAMM
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March 23, 2015, 03:47:58 PM
 #22

if another currency replace bitcoin, after its adoption is complete or in a very good position, many would lose a tons of money, although the transition happen gradually

take a look at the litecoin ,doesn't deem too likely for bitcoin to be ever replaced
okthen (OP)
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March 24, 2015, 12:38:48 AM
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if another currency replace bitcoin, after its adoption is complete or in a very good position, many would lose a tons of money, although the transition happen gradually

take a look at the litecoin ,doesn't deem too likely for bitcoin to be ever replaced

Well I don't think litecoin is a good example of a coin that could replace bitcoin, as they're structurally identical.
It would have to be a crypto that really brought something new, either in terms of speed, cost, anonymity, etc. Such currencies exist, but bitcoin has such a huge head start that it would take an exceptional alternative to replace it. 
gentlemand
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March 24, 2015, 12:54:03 AM
 #24


Well I don't think litecoin is a good example of a coin that could replace bitcoin, as they're structurally identical.
It would have to be a crypto that really brought something new, either in terms of speed, cost, anonymity, etc. Such currencies exist, but bitcoin has such a huge head start that it would take an exceptional alternative to replace it. 


Something a five year old could use without the remotest possibility of them ballsing it up is what the world is waiting for. That's a layer that could be built on top of BTC though.
matrix zion
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March 24, 2015, 01:45:46 AM
 #25

no worry ...Bitcoin survived on the market since 2009 for some reason.
Ghostface
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March 24, 2015, 09:27:11 AM
 #26

If I had to give a concrete answer, perhaps some worldwide coordinated government crackdown on Bitcoin's legality....which seems highly unlikely.
Those people could never stop us. We've been doing whatever we wanted since childhood. Fuck doing dishes, we played video games. If they make bad laws, we'll create new ones.

they can't stop bitcoin trading at all, you could always trade it face to face, if you know what you are doing.

in the worst case scenario we could use bitcoin to buy used thing, to evade taxes

Making it illegal or putting heavy restrictions on it will just push its use underground and trades would happen face to face, but putiing such severe restrictions on it could be the death blow to it being used as a legit currency which is what we want.
HarmonLi
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March 24, 2015, 10:36:04 AM
 #27

If the cryptographic one-way functions are reversible in some way. Or people jump to some alt coin that manages to really challenge Bitcoin. That's about it. The finite supply is always on our side!

Natalia_AnatolioPAMM
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March 24, 2015, 10:09:50 PM
 #28

if another currency replace bitcoin, after its adoption is complete or in a very good position, many would lose a tons of money, although the transition happen gradually

take a look at the litecoin ,doesn't deem too likely for bitcoin to be ever replaced

Well I don't think litecoin is a good example of a coin that could replace bitcoin, as they're structurally identical.
It would have to be a crypto that really brought something new, either in terms of speed, cost, anonymity, etc. Such currencies exist, but bitcoin has such a huge head start that it would take an exceptional alternative to replace it. 

Maybe, maybe. I think that something like Bitcoin 2.0 is more likely to happen. A better version of bitcoin, which will stay for much longer time. More liquid, flexible, spread world-wide.. Imperialistic thoughts Smiley
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