Bitcoin will die at 2027 - page 4. | Bitcointalksearch.org

chickenado

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Quote from: exstasie on November 01, 2018, 06:14:07 PM

Quote from: davis196 on October 31, 2018, 08:47:56 AM

2027? There's enough time for the Bitcoin Core devs to write and implement post-quantum algorithms.
Why do you even bother?This is just another "Quantum computers will kill bitcoin!" type of topic,like many other topics here.Why to be afraid of a monster that doesn't even exist? Grin

It doesn't exist yet, but it's true that we should plan for it. This is what the OP said:

Quote

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.

I agree we shouldn't fearmonger about it, but safely and cohesively hard forking to make the necessary changes may not be an easy feat. Any hard fork release should have a very long activation time to minimize the possibility of a network split, so we should be talking about this sooner than later.

Given the size of the Bitcoin network and its rate of adoption, I think we should avoid emergency forks to whatever extent possible.

As what I've look a heads in coming years ahead bitcoin will be more safe and proliferate as what we had now, because of continuous development.

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Quote from: davis196 on October 31, 2018, 08:47:56 AM

2027? There's enough time for the Bitcoin Core devs to write and implement post-quantum algorithms.
Why do you even bother?This is just another "Quantum computers will kill bitcoin!" type of topic,like many other topics here.Why to be afraid of a monster that doesn't even exist? Grin

It doesn't exist yet, but it's true that we should plan for it. This is what the OP said:

Quote

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.

I agree we shouldn't fearmonger about it, but safely and cohesively hard forking to make the necessary changes may not be an easy feat. Any hard fork release should have a very long activation time to minimize the possibility of a network split, so we should be talking about this sooner than later.

Given the size of the Bitcoin network and its rate of adoption, I think we should avoid emergency forks to whatever extent possible.

South Park

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Quote from: GoodForGood on October 26, 2018, 12:25:22 PM

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

This has been discussed many times in the forum, quantum computers are without a doubt a risk but the technology is still in its infancy and even if those computers were developed by then there are already algorithms that can resist even quantum computers, the only thing the developers will do is to update the code and they will avoid the death of bitcoin.

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Quote from: arpon11 on October 28, 2018, 12:30:16 PM

I don't think bitcoin is going to died in 2027. The idea about blockchain technology has been there for long and many stories like this has come out several times and bitcoin has proven them wrong. I think that is were bitcoin will be on the Top Gear in it developments. If you decided to reduce your risk because of this then you should Know that you may also going to reduce your rewards.

Anyone can even decide to think whatever they want to think in their mind, but the thing is that in reality, there is absolutely no one that can know what will happen tomorrow and this is not the first time that someone is going to come up with some doomsday theory of how the bitcoin market is going to die in upcoming year, so if I am asked, Ii will say it is nothing new, and we might just keep adding it to the number of those who already had their own share of prediction in the past years with bitcoin still alive, kicking and even doing better than they can imagine.

onrise

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Quote from: jonsky05 on November 01, 2018, 01:25:28 AM

How can you sure that bitcoin will e in that year. As you can see many people now discover about bitcoin and I think many users of bitcoin want to die the bitcoin. Unless if blockchain is gone or no one wants to use bitcoin.

This was the same started when it started and was said it is bubble and will end soon. It would not last longer etc but now we know its being a decade and still very strong. It will just grow stronger over the years and become more competent as well.

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How can you sure that bitcoin will e in that year. As you can see many people now discover about bitcoin and I think many users of bitcoin want to die the bitcoin. Unless if blockchain is gone or no one wants to use bitcoin.

Snaic

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Quote from: greeklogos on October 27, 2018, 04:15:25 PM

Bitcoin will die in anyway, but in nine years seems very logical to me, it is pretty long period for technology, plus bitcoin is already nine years old, if it won't change it is going to be replaced by something new.

The situation in the cryptocurrency market is changing and will continue to change very quickly. In a decade, when quantum computers may be able to work, a lot of events will happen on the cryptocurrency market. Cryptocurrency also will not stand still. Yes, and other technologies as well. It is difficult to say what we fear in ten years.

giacatluong

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I never believed in tabloid and bitcoin idiots. I personally thought about entering into the market and knowing what Bitcoin was like. It was stupid to comment Bitcoin could die in 2027. It has existed for quite some time why it is dead, it will grow even further and make the whole world use and accept it.

JohnBitCo

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Quote from: GoodForGood on October 26, 2018, 12:25:22 PM

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

Maybe this is true but 2027 is a lot of time and we have to see many phases of bitcoin before that time. I am not saying it can't die, maybe we have something more better than bitcoins or maybe bitcoin will become so expensive at that time that it is not imaginable to think at the present moment.

davis196

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Quote from: GoodForGood on October 26, 2018, 12:25:22 PM

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

2027?There's enough time for the Bitcoin Core devs to write and implement post-quantum algorithms.
Why do you even bother?This is just another "Quantum computers will kill bitcoin!" type of topic,like many other topics here.Why to be afraid of a monster that doesn't even exist? Grin

I don't think this topic belongs to the Speculation sub-forum.You should move it to Bitcoin Discussions.

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Quote from: GoodForGood on October 26, 2018, 12:25:22 PM

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

How did you come up with this year?
As long as internet is alive, blockchain is.
It might improve some features or become the solution of some problems
But it is not that without quantum, blockchain cant survive.

Fulmand

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I wonder why somebody here posted this type of speculative idea predicting the death of bitcoin. How could this be possible to happen? Is there any concrete evidence that provide any proofs? I guess this is another plan of those destabilizers to create panic here. We need to avoid this circumstances to occur one of these days, because if this idea will continue? The effect would bring bad scenario in the next following days to come.

jemarie20

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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.

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Quote from: millensharon8 on October 30, 2018, 09:38:47 AM

Quote from: tabas on October 29, 2018, 08:34:46 AM

That means we have to sell before 2027? People who hates bitcoins never stops telling when bitcoin is going to die.

Quote from: ice18 on October 29, 2018, 04:00:53 AM

Bitcoin died so many times in this forum l

300+ times
https://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.

They never get tired of saying that word and we will not be tired of telling those gullible people that bitcoin has died many times. These people are up for something that they will benefit out of others misfortune or fear. I want to see bitcoin hit $1,000,000 until that day but I think we'll need a long time before that.

millensharon8

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Quote from: tabas on October 29, 2018, 08:34:46 AM

That means we have to sell before 2027? People who hates bitcoins never stops telling when bitcoin is going to die.

Quote from: ice18 on October 29, 2018, 04:00:53 AM

Bitcoin died so many times in this forum l

300+ times
https://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.

Ewinsane

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Quote from: candra raditya on October 28, 2018, 04:37:04 PM

An unreasonable prediction, bitcoin will not die in 2027, bitcoin is technology and will last more than 2027, because bitcoin is trusted.

Pretty unreasonable and it just shows how people just tend to want to always come up with whatever comes to mind or what they just want to assume in their head. By considering how successful bitcoin is in these days, I believe bitcoin will survive with us forever until the planet earth stays alive.

I am sure in one way looking at what the OP said, there is no doubt that we will get to see some panicking situation which some people would likely want to cause, but I have the best feelings that before then, we would have getting to see the protocol change to something that will be quantum resistant one way or the other. One thing I am sure of is that as the world keep advancing, so many things keep advancing with it as well considering where we were years ago and where we are now.

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Quote from: Whosdaddy on October 30, 2018, 02:53:17 AM

Quote from: GoodForGood on October 26, 2018, 12:25:22 PM

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.

It is the human nature, you want the best option for your future to happen, that is all.

Of course there is a logic behind it, based on the news that we heard about something so called 'quantum computing' so far. if it is kicking in or running in the future, it almost can brute force anything. which means, it is totally unsafe for them who own cryptocurrency.
and because of that cryptocurrency will be dead, but of course let's talk about it after it is running. but i doubt it will happen in 2027 because a lot of people talked about this many years ago, and so far i hear nothing about it except the rumours.

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Quote from: Whosdaddy on October 30, 2018, 02:53:17 AM

Quote from: GoodForGood on October 26, 2018, 12:25:22 PM

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.

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.

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Quote from: GoodForGood on October 26, 2018, 12:25:22 PM

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.

It is the human nature, you want the best option for your future to happen, that is all.

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Quote from: MRY on October 29, 2018, 09:31:54 AM

we must know that the price of bitcoin is difficult to predict so stop to predict the negative things about bitcoin because it is not necessarily true, we must believe that bitcoin has a good future

whether bitcoin will not be used in that year or what it will be like, which is clear, for now, the development for bitcoin does not stop, and of course the implementation of blockchain is still done by large companies. instead of dying, I think bitcoin will be an extraordinary thing in the future.

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