Topic: Bitcoin will die at 2027 - page 3. (Read 19580 times)
Your prediction is too far away and maybe the price of bitcoin in the year you mentioned is very expensive, because you have to know that all the possible prices of the cryptocurrency can happen.
That means we have to sell before 2027? People who hates bitcoins never stops telling when bitcoin is going to die.
https://99bitcoins.com/bitcoinobituaries/
Bitcoin died so many times in this forum l
300+ timeshttps://99bitcoins.com/bitcoinobituaries/
Probably that should give some people the clue that, no matter how much some keep pronouncing bitcoin dead, it just keeps coming back stronger, and in the end, they that pronounced it dead and those who want to believe that, are actually the ones who always miss out at the end. This is nothing new though, and i know even if bitcoin gets to possibly over $1m, and there is a correction, some will still keep coming with their obituary posters.
Bitcoin just sleep now, he will never die , it's finance future
2019-2020 will be great years for bitcoin
2019-2020 will be great years for bitcoin
Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
The same was being said about the use of ASICS in the bitcoin mining industry that the use of ASICS will destroy the bitcoin mining industry but as we see now a days, all of the bitcoin farms use ASICS to mine bitcoins or any other mineable cryptocurrency. So now we see that the same is being said about the use of quantum computing and what I believe is that the case of quantum computing will still be the same as of ASICS. Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
I think it will not be happen because now only bitcoin is growing. That's why many countries accepted the bitcoin so it will not die. It has a great future ahead, many people use bitcoin as assets and invest more on bitcoin rather than other savings. We cannot predict now the future but according to market it will not die.
Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
I don't want to talk about something that still on far away from us, and I am sure that if that thing happens, the bitcoin will evolve and transform to something better. We still need time before we can see what bitcoin looks in the future because bitcoin itself still grow every day and there are many people doesn't know about bitcoin. But I am sure that bitcoin can handle that things and even bitcoin will give something good for the user, so I don't have to worry about that.
Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
I don't want to talk about something that still on far away from us, and I am sure that if that thing happens, the bitcoin will evolve and transform to something better. We still need time before we can see what bitcoin looks in the future because bitcoin itself still grow every day and there are many people doesn't know about bitcoin. But I am sure that bitcoin can handle that things and even bitcoin will give something good for the user, so I don't have to worry about that.
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Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
I don't want to talk about something that still on far away from us, and I am sure that if that thing happens, the bitcoin will evolve and transform to something better. We still need time before we can see what bitcoin looks in the future because bitcoin itself still grow every day and there are many people doesn't know about bitcoin. But I am sure that bitcoin can handle that things and even bitcoin will give something good for the user, so I don't have to worry about that.
Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
Let's say about that but for the meantime let's just celebrate the joy of bitcoin that brings to us, we still have 9 years left to worry something that is not yet done. Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
Best to invest bitcoin today and wait for the price of it during that year and you will be amazed that it doesn't care.Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
Let's say about that but for the meantime let's just celebrate the joy of bitcoin that brings to us, we still have 9 years left to worry something that is not yet done. Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
Best to invest bitcoin today and wait for the price of it during that year and you will be amazed that it doesn't care. No this is not especially likely a threat, at this point the vast majority of Bitcoin will have already been distributed to the masses and the block reward is no longer a large amount of inflation to the monetary base.
They could simply switch to an alternative like Proof of Stake like ETH is doing as part of the confirmation process.
They could simply switch to an alternative like Proof of Stake like ETH is doing as part of the confirmation process.
Most Bitcoin developers would disagree with you. I think Ethereum core developers' plan of transitioning from POW to POS is actually quite dangerous. POW is the glue that holds the economy together; you can't just suddenly replace it and expect the network to blindly follow. The difficulty bomb has been shown to have no teeth, so miners will simply continue mining the POW chain and remove the difficulty bomb as needed. And some of the network will follow them.
This effect would be amplified in Bitcoin, since POS is anathema to Bitcoin users. More than that, it was never part of the design, and there was never any intent to transition to it. It could be as contentious as increasing the 21M coin supply.
It makes much more sense to directly address the quantum computing issue than to use it as an excuse to change consensus algorithm.
Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
I think that we should not worry about this, because technologies are developing gradually and by 2027 we will be safe with respect to super powerful computers. Otherwise, quantum computers - it's death of Bitcoin ))Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
The problem is that quantum computing is like taking the world by storm and its touted to break "bitcoin algorithm". However, bitcoin is still foul proof and yeah it bitcoin core see's that there is a threat in the future then I'm sure some adjustments will be made by that time.
No this is not especially likely a threat, at this point the vast majority of Bitcoin will have already been distributed to the masses and the block reward is no longer a large amount of inflation to the monetary base.
They could simply switch to an alternative like Proof of Stake like ETH is doing as part of the confirmation process. This helps raise security by requiring some ownership of the monetary base to have a share in transaction fees handled. The main counter to this criticism or many others is Bitcoin protocol is not static and can adapt over time, I certainly think it will have to keep improving to stay relevant and better then alternatives that might appear without any direct attack
I agree people treat bitcoin as if it is an outdated technology that is not updated if there is a need for it, if the developers feel that quantum computers are becoming a real risk to bitcoin then they are going to figure out a way to avoid that, in fact the very fact that we are discussing this topic now and that it was done in the past shows the community is looking very closely to those developments and we will not be took by surprise by them. They could simply switch to an alternative like Proof of Stake like ETH is doing as part of the confirmation process. This helps raise security by requiring some ownership of the monetary base to have a share in transaction fees handled. The main counter to this criticism or many others is Bitcoin protocol is not static and can adapt over time, I certainly think it will have to keep improving to stay relevant and better then alternatives that might appear without any direct attack
Nothing can be predicted as of now. But,looking at it growth now, crpto is going to be rocking the currency market as its doing now.
but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
If you read a bit more around, for example the Bitcoin wiki, you'll find out some interesting facts and predictions from people that understand Bitcoin and cryptography. For example that it's not so easy to "break Bitcoin" even with quantum computer.
I will add 2 interesting quotes from the wiki:
Quote
Bitcoin already has some built-in quantum resistance. If you only use Bitcoin addresses one time, which has always been the recommended practice, then your ECDSA public key is only ever revealed at the one time that you spend bitcoins sent to each address. A quantum computer would need to be able to break your key in the short time between when your transaction is first sent and when it gets into a block. It will likely be decades after a quantum computer first breaks a Bitcoin key before quantum computers become this fast.
Quote
A sufficiently large quantum computer would cause some trouble for Bitcoin, though it would certainly not be insurmountable.
Thank you for informing me about that. I was thinking what could happen when quantum computer will be real thing what could happen to Bitcoin holders, but after I read these two short quotes I am more safer to hold my money in Bitcoin than ever. When quantum computer start stealing information from traditional banks, my holdings will remain safe behind cryptography code, which is really good to know.
Sentence "Bitcoin will die at 2027." is completely BS.
Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
I think that we should not worry about this, because technologies are developing gradually and by 2027 we will be safe with respect to super powerful computers. Otherwise, quantum computers - it's death of Bitcoin ))Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
Yes, time to time technologies including computers are gradually developing near far a year of 2027, but I think also bitcoin technology has also developed at that time even quantum computers can't defeat on that. But let's think positively that it won't happen to this digital currency.
Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
I think that we should not worry about this, because technologies are developing gradually and by 2027 we will be safe with respect to super powerful computers. Otherwise, quantum computers - it's death of Bitcoin ))Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
There is no logic behind bitcoin dying. There is no reason for it to die, I understand some people bought bitcoin during its peak times at around $20k and now they lost a lot of money because of it and some even got out and just took the loss and those same people really wish the bitcoin would die off so they could say they got out at least before it died. That is the only possible reaction that makes sense, if you lost money on something you want it to go even further down so you can say you got out early and didn't lost all your money but some of it however if it goes up and makes all of us profit than that person sold early and should have waited so he could profit, he didn't which would upset him.Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
It is the human nature, you want the best option for your future to happen, that is all.
All of us want the best possible future. It's not easy to predict the future and do now what's necessary to secure your future. There is logic in bitcoin dying from better and more secured technology, that is possibility like many other possibilities, but how big chances are for that to happen and when? In 9 years from now I doubt that technology can advance so much.
People never lose with bitcoin cause of the bitcoin, it's cause of greediness and fear, greediness when they want much more, fear from price going down and panic selling. People lose with crypto only when they sell crypto for money, and they sell cause panic that has been spread around the Internet with topics about bitcoin death. I don't believe in this crap for sure, but many people still fall on similar things and they lose nerves and sell valuable coins for worthless money.
If money is worthless, paypal all you have to me because I can think of endless great things to buy with it, including crypto. Such a dumbass statement.
If those buying bitcoin during Dec 2017 peak are still holding and bitcoin never pumps again (a remote possibility) then it can for sure be said they lost because of bitcoin. At this point your comments aren't fact, they are speculation. If bitcoin fails to pump past previous ath by end of 2021 I expect it to collapse to nothing, so we'll see if you are right. Until then stop talking like you are saying facts.
No one can predict exactly what will happen in the coming years because you are not in the future right so how could you say that bitcoin will die in the 2027, its not good prediction and unrealistic.
If someone want to be successful men in the future you dont need to be negative thinker but be optimistic that something will be fine to help your to improve working to seek you goal.
Even if we are to predict what will happen, should it be a doomsday scenario? Moreover, I am sure it is not the first time, as I remember during the MtGox issue and even before then, when bitcoin possibly start hitting some downtrend, the claim of death begins. If someone want to be successful men in the future you dont need to be negative thinker but be optimistic that something will be fine to help your to improve working to seek you goal.
I wonder if they realize that downtrend is not just something that is only applicable to bitcoin only and happens to every other market, and the only reason why we do not see huge volatility in some other markets is simply because it is more matured, and bitcoin will most definitely get there. It is just a pity that by then, people like the OP would have let their mentality affect them to the point that they won't be a part of that future.
No this is not especially likely a threat, at this point the vast majority of Bitcoin will have already been distributed to the masses and the block reward is no longer a large amount of inflation to the monetary base.
They could simply switch to an alternative like Proof of Stake like ETH is doing as part of the confirmation process. This helps raise security by requiring some ownership of the monetary base to have a share in transaction fees handled. The main counter to this criticism or many others is Bitcoin protocol is not static and can adapt over time, I certainly think it will have to keep improving to stay relevant and better then alternatives that might appear without any direct attack
They could simply switch to an alternative like Proof of Stake like ETH is doing as part of the confirmation process. This helps raise security by requiring some ownership of the monetary base to have a share in transaction fees handled. The main counter to this criticism or many others is Bitcoin protocol is not static and can adapt over time, I certainly think it will have to keep improving to stay relevant and better then alternatives that might appear without any direct attack
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