Bitcoin, How Long Will It Last? - page 2.

oblivi

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Quote from: dothebeats on February 17, 2015, 01:27:41 PM

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 Grin

Most fiats don't last even 100 years, so im ok with it.

dothebeats

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Cashback 15%

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 Grin

thejaytiesto

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Bitcoin and the blockchain will be here as long as there are humans.

ChuckBuck

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better everyday ♥

Quote from: LiteCoinGuy on February 17, 2015, 12:17:17 PM

Quote from: picolo on February 17, 2015, 08:10:50 AM

Quote from: MasterCasino on February 13, 2015, 01:45:59 AM

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 Grin

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...

LiteCoinGuy

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In Satoshi I Trust

Quote from: picolo on February 17, 2015, 08:10:50 AM

Quote from: MasterCasino on February 13, 2015, 01:45:59 AM

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 Grin

allthingsluxury

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There will always be a community of BTC users.

Daniel91

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Quote from: Slark on February 16, 2015, 07:24:35 PM

Quote from: GenTarkin on February 16, 2015, 07:08:39 PM

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.

1Referee

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Quote from: MasterCasino on February 13, 2015, 01:45:59 AM

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.

picolo

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Quote from: MasterCasino on February 13, 2015, 01:45:59 AM

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?

ranochigo

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Crypto Swap Exchange

Quote from: ajareselde on February 15, 2015, 04:27:59 PM

Quote from: jeffhuys on February 15, 2015, 03:14:51 PM

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.

SargeR33

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★Bitin.io★ - Instant Exchange

Quote from: GenTarkin on February 16, 2015, 08:31:25 PM

Quote from: Slark on February 16, 2015, 07:24:35 PM

Quote from: GenTarkin on February 16, 2015, 07:08:39 PM

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.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Longer than you, OP.

GenTarkin

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Quote from: Slark on February 16, 2015, 07:24:35 PM

Quote from: GenTarkin on February 16, 2015, 07:08:39 PM

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'.

Slark

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Quote from: GenTarkin on February 16, 2015, 07:08:39 PM

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.

GenTarkin

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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.

bitkilo

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https://www.bitcoin.com/

Bitcoin will be around for as long as it takes for another alt coin to surpass it with better technology, ect.
If people start using another coin more than BTC then there will be less transactions which means less fees for the miners, once that happens then BTC mining will no longer be profitable and bitcoin itself could die, i hope not.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: BitUsher on February 16, 2015, 05:59:42 PM

There are still people who buy and sell obsolete currency for sentimental or collection reasons, I will be one of them and thus bitcoin will likely not fail for a few generation even under the worst possible scenarios.

My expectations are much more optimistic than this however.

But its not like you can frame bitcoin to show around your friends and family, i mean u could frame a paperwallet, but someone would just scan it and take the coins :]
I believe bitcoin will last more than 10 years definetly, when most of the mining is over bitcoin will have to proove itself one more time that it stands value, but i think it allready
is enough widespread and adopted to continue momentum, and not die out like some rebel idea.

cheers

BitUsher

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There are still people who buy and sell obsolete currency for sentimental or collection reasons, I will be one of them and thus bitcoin will likely not fail for a few generation even under the worst possible scenarios.

My expectations are much more optimistic than this however.

gentlemand

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Welt Am Draht

No idea. Perhaps the most important factor is whether BTC is willing and able to mutate with the times. There's lots of talk of it being able to absorb any innovations that other coins might have, but technical development is stale, maybe rightly so.

I assume layers will be built on top that will allow such things. If it becomes fluid, adaptable and reactive then it could outlast us all. If the ecosystem and interfaces operate in the same manner as it does now in five years then I think it'll wither and die. No doubt there are thousand of bright minds working to change things for the better right now.

BillyBobZorton

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Quote from: BADecker on February 16, 2015, 02:30:42 PM

https://www.youtube.com/watch?v=KFXA_-2cIYU

https://www.youtube.com/watch?v=4zekNyJf9Ok

Kiss

Thougts on maidsafe's current price? I want to enter the market with at least 1 BTC but im scared we are about to see a correction soon to about 10K again.

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