Topic: Bitcoin May Extinct - page 3. (Read 1901 times)

It'd require a catastrophe to go into extinction. BTC has come to stay.

First, satoshi has already created an independent currency, so nothing is going to  happen even if satoshi dies, if you fully have the knowledge of bitcoin very well, you would also see that the absence of satoshi right now is to test this, so bitcoin is already a standalone coin which is making it become more useful as it is not being controlled, which also would make it very difficult for government to be able to ban it because it is not a centralized system, , bitcoin operate on a decentralized technology and I read that the US has even made some moves in the past to ban it which was never successful, so not now that the coin has really advanced that they will be able to ban it. I am not scared of bitcoin at all as I know that it will last for a lifetime.

In the question what will happen if satoshi dies, or even after satoshi dies? Let say, there's no founder of bitcoin, in a company, if their CEO dies, someone should replace the position, and in terms of bitcoin, it is not necessary to replace satoshi, as the legacy of bitcoin will run based on us, the people who utilize it. And in addition, there's allot of bitcoin scientists and enthusiasts that can still manage how bitcoin is performing in the market. That might be the reason why satoshi isn't present or active, bitcoin can standalone.

does not considered satoshi being dead for that long years of inactivity and not even updating?but yet Bitcoin is growing right?so wheres the point here?
banned by governments?yet it is tradable even getting banned isn't it?
just give legitimate reason why governmnt will do this?so maybe answers will coming,but if you can't thens top you Hallucinations because those wont happen

  I wouldn't worry much, if it does happen, another evangelical techno savior like Satoshi will appear with a new idea. If Block-chain was never made to be an open source code, the crypto markets as we know them today wouldn't be here. The whole theme was decentralization, I doubt the idea would die with bitcoin, I'm certain another decentralized medium of exchange will rise within its place. Bitcoins proof of work is simply the proof of concept for the block-chain. Satoshi most likely just wanted to demonstrate the system so that others would piggy back and brainstorm new ideas to add on to the Blockchain infrastructure. I mean, why else would it be an open source code project, if it wasn't to encourage others to contribute to the idea?

Bitcoin unites everyone in the world no matter what the country, language. whoever you are. Different miners around the world connected through blockchain. Do you think the government can stop it? It is decentralized no once can control it. That's why US government is afraid of it because they want to control everything.

These reasons of you are no good enough to think that Bitcoin may go extinct. Extinction only occurs when there is no significant adoption of that particular thing to its surrounding. With Bitcoin, it has received huge adoption on the darkweb which we all know contains A lot than the normal internet. Apart from the darkweb, a lot of people in the financial space are now investing in Bitcoin and some countries recognize bitcoin as the future of money.  Bitcoin could have been extinct two years after it was launched. You basically don't know what you are saying.

That is correct, it will keep on going because, in the beginning when there was no incentive or value to it, people still mined it.

Now that there is value and there is an exchange rate, it will never die. Never.

You'd have to kill the internet. They can't even kill the pirate bay which has a centralized website acting as the tracker for all the torrents.

The source code is out there. The miners are out there. The full nodes are out there. There is no stopping bitcoin, they'd have to destroy a large part of the infrastructure to do, and someone or something would have to track down every known dev and eliminate them. Not going to happen.

How is that?
Is not the proof of work a high value security feature of Bitcoin?

And what's to say that Satoshi is not dead already? Also, why would BTC be banned globally? It is already adopted in some countries, such as Japan. No reason to be afraid of anything mentioned in there right about now, BTC is evolving still, and some of the old dangers have already been dealt with a long time ago.

Let's just be honest here, there's a possibility of bitcoin to stop circulating. Everything has its end. And I believe that when bitcoin reaches its peak of dominance and popularity, the possible thing that would happen to bitcoin is to go downward or other crypto will dominate.

As of now we don't even know if Satoshi is already dead or not. So even if Satoshi is already dead, bitcoin will still function. I don't know if bitcoin could stand alone cause without other coins, bitcoin won't reach this far. If the whole government would ban bitcoin, then I guess it's another challenge for bitcoin. Government can stop their people from using bitcoin but I don't think they will.

I don't impose on anybody on what to post and what not but you are right but a topic like this that cannot be proven should not discuss at all it's FUDS if people have that thinking, and we all know people are always going on a safe side they will not invest, the question that if Bitcoin is going to be extinct is always off topic because it's been proven not to by the experts.

Doesn't matter if Satoshi is dead or not. His creation doesn't require a single entity to 'activate' or something. It's decentralized and some people actually speculate Satoshi is dead right now.

Bitcoin can't be banned globally and it won't be. The market is too big, it'll be too hard to ban it completely and VPNs and Tor exist to help people.

No government has enough power to wipe out Bitcoin technology. Relax!

Because they need to post on this forum, and this topic is easy to discuss and get spammed. If you're talking about value, you will likely find nothing.

Extinct or not, it's useless to talk about it. The 'may' question itself is rhetorical. Unless you want to measure how likely it is, you can always say anything is possible. So, asking 'may it happen' will always result in a 'yes' answer.

Why are people are keep on digging this thing? Saying that the Bitcoin may extinct? I am afraid that this truly might happen. Why? Because I do believe that nothing is permanent in this world except change. But for todays oversees to the crypto currency market, Bitcoin is not that easy to end its life. Bitcoin have so many things done and have conquered a long time. The only thing can decide for this is the time which come passes by us.

Bitcoin has really come a long way for anyone wanting to destroy. Even though the hacks you pointed out could target Bitcoin's core and wipe it out. But that's not possible for now, unless in the future when the quantum computer technology is actualised. Bitcoin is gradually getting engravedon the minds of people, so many are looking for a way to get into it and enjoy the benefits.

Q:Gents, Am I the only one thinks that bitcoin can be erased in the same way it is created? Dont you think any attack can kill it?
A:Because bitcoin has many benefits for human life so it is not possible to be erased, it is unlikely that bitcoin can be killed because of
   In 2010 there were many who tried to attack bitcoin but their efforts always failed. And now it's been 10 years that bitcoin still exists.

Q:What will happen after satoshi dies?
A:From the beginning bitcoin was created satoshi never appeared, even though satoshi died there was no effect for bitcoin. Because bitcoin
   walk and stand alone.

Q:What will happen when bitcoin stands alone?
A:Until now, bitcoin has always stand on its own, nobody supports it. So indeed bitcoin has always stand alone,its no problem at all.

Q:What will happen if it is banned globally?
A:It is not possible, because not all hate bitcoin. Even those who hate are outnumbered by those who support bitcoin. So globally banned
   is not possible.

Q:What if goverments start working on killing bitcoin?
A:Please just try to kill bitcoin, I'm sure the results will fail. Because many parties who want to protect bitcoin.

Q:Dont you think goverments can work on it to kill it?
A:The government has often tried to stop bitcoin, even tried to kill it. But it always ends in failure, because it is the number of bitcoin
   users continues to grow so it's almost impossible to stop bitcoin.

Q:Btc is not like gold. You cant make the gold disappear suddenly as it is possible for btc. I am a fan of btc but I am also scared.
   It should be protected but who will do it? Exchanges? The top btc holder?
A:Bitcoin will not be lost as long as someone uses it, people who use bitcoin will protect bitcoin, many parties and volunteers who will do it.
  Can exchanges, can also top btc holders who protect bitcoin. Many feel helped by the emergence of bitcoin, so those who feel bitcoin helps
   their lives will automatically protect bitcoin.

Q 1. i dunno , because i am not programer or something like that, i just fan of btc,same like u.
Q 2. still going like now,i guess, even who know satoshi?, who can claimed he death already.
Q 3. well, so btc will be forever alone,lol, nothing will happen, basicaly btc stand alone, then, as time goes by , the next altcoins born and continue like that.
Q 4. well, i just believe , banned bitcoin its imposible. btc has created a new world, I don't think governments globally unite to destroy that world.
Q 5. just start it, and soon they will know btc cant be killed.
Q 6. i have no idea.

The truth is that I don't believe that Bitcoin can be destroyed on a technical level by hacker attack, although there is such a probability, it is super small and I do not think that governments agree to kill Bitcoin or cryptocurrencies in general, in fact there are clear claims of Important officials saying that Bitcoin cannot be stopped, what is being done is a regulation so that people can pay taxes and perform work within the framework of the law.

No.

Nothing. Satoshi disappeared and its still working.

It will keep working.

It will keep working.

They can't.

No, even if banned worldwide.

Currently, its legal in far more countries, only 15 banned it and they are very unsuccessful from stopping their own citizens from using it (see China).

The gold is physical, and it can be seized (Done in the USA during the 30ies), bitcoin can't be seized unless you give it or fail to protect your seed words and obfuscate your transactions.

Bitcoin was specifically designed against those fears of yours, it is the very reason the markets give it the highest value.