What if people start using some completely anonymous coin to buy drugs with instead of bitcoin?
bitcoin is perfectly anonymous if used with a mobile phone, you just move on the next location after a transaction
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There is already a coin called aliencoin, which I'm sure any aliens out there would prefer to use because it's named after them. 
Should BlackCoin be used by blacks then?
Not only is it possible for Bitcoin to go to $0, it is inevitable. Do you think bitcoin will exist in a trillion years time?
Why not? It can change and adapt, whenever humans exists to do so... or aliens
There is already a coin called aliencoin, which I'm sure any aliens out there would prefer to use because it's named after them.
Should BlackCoin be used by blacks then?
Not only is it possible for Bitcoin to go to $0, it is inevitable. Do you think bitcoin will exist in a trillion years time?
Why not? It can change and adapt, whenever humans exists to do so... or aliens
There is already a coin called aliencoin, which I'm sure any aliens out there would prefer to use because it's named after them.
Not only is it possible for Bitcoin to go to $0, it is inevitable. Do you think bitcoin will exist in a trillion years time?
Why not? It can change and adapt, whenever humans exists to do so... or aliens
Not only is it possible for Bitcoin to go to $0, it is inevitable. Do you think bitcoin will exist in a trillion years time?
Dollars would be gone centuries before bitcoin goes away.
That's a very good point.
if there is a serious threat to the protocol (hashing algorithm, encryption methods broken, for example), there would eventually be no demand for bitcoins. if no one will buy them from you, the effective price is $0.
Not only is it possible for Bitcoin to go to $0, it is inevitable. Do you think bitcoin will exist in a trillion years time?
Dollars would be gone centuries before bitcoin goes away.
That's a very good point.
Not only is it possible for Bitcoin to go to $0, it is inevitable. Do you think bitcoin will exist in a trillion years time?
Dollars would be gone centuries before bitcoin goes away.
Not only is it possible for Bitcoin to go to $0, it is inevitable. Do you think bitcoin will exist in a trillion years time?
That would depend on conflating the conditions of no one remaining in existence to perform a valuation and valuation actually be performed at $0. Like the difference between {} and 0.
What if people start using some completely anonymous coin to buy drugs with instead of bitcoin?
correct, this is going to happen, darkcoin was the way
It could trade around like a lot of penny stocks.
I am willing to buy $10 worth of bitcoin if it falls to 1cent.
I am sure there will be lots of people like me, if that ever happens.
I am willing to buy $10 worth of bitcoin if it falls to 1cent.
I am sure there will be lots of people like me, if that ever happens.
yep, lots and lots of support at 1 cent! i will be buying heavily at $1 all the way down to 1 cent if that happens. it'll be worth it, if only for souvenirs!
If it goes to $1, Tim Draper will probably be ready to buy the entire outstanding.
No, Bitcoin is, and always will be king on these markets. Period.
Oh, yeah, sure. Always. Because trends never change. And innovation never happens.
http://www.techhive.com/article/155984/worst_tech_predictions.html
I didn't say Bitcoin was SOLELY for illicit purposes, now did I? I implied that AT A WORST CASE SCENARIO, Bitcoin would still have purpose for black market transactions.
So basicly you are saying, it wont go to zero in that case, it will hold in single digits?
I could see the price of bitcoin going to $0.
I mean, how many people would pay bitcoins for confederate currency?
When I was in Iraq there would be stacks of old Iraqi currency sitting on the shelves. They were practically giving it away.
Fiat currency will be free, no need to pay bitcoins for it. Unless it comes in a cool frame or something...but then you are just paying for the presentation of it.
I mean, how many people would pay bitcoins for confederate currency?
When I was in Iraq there would be stacks of old Iraqi currency sitting on the shelves. They were practically giving it away.
Fiat currency will be free, no need to pay bitcoins for it. Unless it comes in a cool frame or something...but then you are just paying for the presentation of it.
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