How will it be the end of Bitcoin? If ASICs never arrive, those who couldn't afford them will rejoice and keep mining with their existing hardware.
Not profitable anymore, bitcoin need to stick to moore law otherwise hrate will crash
smartass
You are forgetting about difficulty. If the hashrate doesn't increase, neither will the difficulty.
Delays were predictable. Saying "omg we did not expect these delays" is just a lie, so I believe nothing will arrive.
End of bitcoin is a consequence , bitcoin can survive only with enough miners, and people mine for money (no most of people don't care about freedom and this kind a propaganda or just as a "bonus" in addition of money), no new device, no innovation= no more profitable = no more miner (everybody's gonna go speculate on something else..)= end of bitcoin.
Another end of bitcoin could be the dead of Silk Road which is the real economy of bitcoin (22Millions $ a year), and I checked ALL the bitcoin stores in the wiki, there is no real economy behind bitcoin except people buying for speculation or people buying bitcoin to buy drugs.
No new device,no innovation= no significant difficulty changes =GPU miners continuing to mine and FPGAs becoming the defacto efficiency option for those with the cash.
"bitcoin can survive only with enough miners"
No.
Fail
Less Hashrate = Less difficulty, which means more Bitcoins/Hash with easier work.
Fixed that for you.
10 minutes.
Actually asics may arrive I just don't like the way butterflylabs communicates it seems their methods are from "Communication for dummies, how to make people wait without riots..." or something like that.
Other thing I can't stand is people saying "wow bitcoin is so great this is all about creating freedom/community/payement/blablabla;;;" THIS IS NOT, bitcoin model is funded on miner PROFIT, no miner work for something else than money (I'm talking about people mining for more than 1Gh here...real miner) .
Last thing super annoying to read evrywhere , "bitcoin is based on a real economy" , this is SO WRONG, real economy is Silk Road and similar friends, I'm not saying bitcoin won't ever have a real economy but for now it's 95% speculation, either people order drugs either people are betting on bitcoin future (and hope to make MONEY).
People who are the community core (dev, blog, etc...) have another interest than money but it's a small minority (and they are also interested in money of course!).
Saying something else about bitcoin is just wrong, dumb and naive!!
This thread is a provocation, I'm willing to hear other point of vue and arguments! really!
Fun provocation. I helped you by posting random stuff
I treat bitcoin as an investment. If people buy it or sell it or mine it, I'm sure a lot of people treat it the same way. It does have a long way to come before being treated by the majority of people using it as a currency.
Hopefully, that will happen over time and the investment will slowly pay off.
You call that stable and non volatile??? The US economy is on it's way to the same train wreck that Greece is in. So USD is the last thing I would hold at the moment.
