Topic: Bitcoin will die at 2027 - page 5. (Read 19580 times)
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
Bitcoin will not die. Until that time the devs and people who support bitcoin will make new updated on bitcoin and bitcoin will not be affected by quantum computers in any way. And i saw so much time, bitcoin will die, but never happen nothing and much more bitcoin survive and also grow a lot. So the best bet is to hold.
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/
Few beginners are just blabbering the Bitcoin reputation so no one is consider this point. In 2027 Bitcoin circulation is completely survive in market so demand is increasing in the market. Bitcoin is a forever cryptocurrency so we should never mind these kind of rumours and negative feedback of Bitcoin. I hope all the altcoins are always secondary in crypto market.
a) bitcoin supply won't be completely circulated in 2027. b) when bitcoin supply is fully circulated you cannot assume price will always increase, market supply is more pertinent than circulating supply, people will always be willing to sell at varying prices for varying reasons, demand is also not constantly growing.
Few beginners are just blabbering the Bitcoin reputation so no one is consider this point. In 2027 Bitcoin circulation is completely survive in market so demand is increasing in the market. Bitcoin is a forever cryptocurrency so we should never mind these kind of rumours and negative feedback of Bitcoin. I hope all the altcoins are always secondary in crypto market.
Bitcoin died so many times in this forum lol and still its on the top of the best coins today still the number one and I cant see any systems or quantum computers can destroy btc in the future or even after 30 years from now we can see how powerful bitcoin is towards the coming years theres only one entity who can destroy bitcoin and its us users.
I do not agree with what you say, bitcoin will not be destroyed in 2027. bitcoin can only be destroyed if it loses trust from its holder, it means only investors can destroy bitcoin.
Their is no significance of having said 2027 it will die. It is nothing more than a statement without a meaning to it. BTC has started the revolution in the world and it will grow over the years as more and more countries starting to adopt the technology and crypto currency.
I do not agree with what you say, bitcoin will not be destroyed in 2027. bitcoin can only be destroyed if it loses trust from its holder, it means only investors can destroy 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.
I'm pretty sure that's the plan: to implement post-quantum algorithms when the threat actually becomes real. I doubt most people familiar with the issue thinks elliptic curve signatures are built to last forever. Like any other existential protocol issue, the bug would be addressed and if necessary, a rollback might be performed. It's not ideal, but we also have some precedent for issues like this. I don't see it being the "death" of Bitcoin at all.
In fact, it's possible to implement a simple soft fork change to Lamport one-time signatures which could avert most of the damage.
I wonder how the community would react to something fatal like ECDSA begin cracked. I think even the there would be drama to reach to some sort of agreement, specially if a hard fork is involved to fix the situation, but I guess quickly one of the proposed solutions would win out of necessity because when money is on the line there is not much time to fuck around.
There would be some drama, no doubt about that. A hard fork that rolls back transactions would be controversial for obvious reasons like the matter of immutability. A soft fork like above would probably leave a lot of peoples' coins in jeopardy: many would have their coins stolen, which would be impetus for victims to spin off their own hard fork that restores their coins.
Whatever happens though, I agree that BTC holders will have very strong incentives to resolve the protocol failure as swiftly and amicably as possible, as everyone will strongly benefit from remaining a cohesive, secure network. The 2010 overflow bug and subsequent fork is one successful example of that.
An unreasonable prediction, bitcoin will not die in 2027, bitcoin is technology and will last more than 2027, because bitcoin is trusted.
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.
Bitcoin itself will be secure, it is the exchanges we need to be worried about. The underlying security of the blockchain can be reprogrammed to be made quantum resistant, but exchanges are already being hacked on basic machines so they need to step up to resist quantum attacks
For so many times bitcoin predicted dead , but still existed. Maybe the price falls but that's how the cycle goes but not to the point it will be gone.
I think investors already have very far-reaching thoughts about the future of bitcoin, they are investing long term. I hope this isn't part of the FUD 
I think bad news about bitcoin can be made easily, and will also easily cause panic for those who don't believe in bitcoin. There is no certainty that bitcoin will die in 2027, I do not believe in all that and I believe in bitcoin, bitcoin will be more popular.
Bitcoin itself will be secure, it is the exchanges we need to be worried about. The underlying security of the blockchain can be reprogrammed to be made quantum resistant, but exchanges are already being hacked on basic machines so they need to step up to resist quantum attacks
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
what an amazing prediction, LoL 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 number one flaw in this studies conclusion is that it assumes stability of all things except in the field of quantum computing. As that field progresses and advances so will other fields, by then bitcoin may have a new system which is not going to be easily target-able by a quantum computer, the same way that others have said quantum computers could target near anything, those systems will have improved security etc to be able to handle that. If you were trying to hack in to security systems of 20+ years ago with today's advancements it would be easy if you had an idea what you were doing but no one still uses those systems.
Seriously, anyone having a double mind about Bitcoin in the nearest future should really stop now! Stop investing, stop holding or anything related to that. It only takes a determined and steadfast minded individuals to invest or hold on to bitcoin, you guys should learn from those who have being holding since 2009. We should stop all this crap of it dying or not.
I wonder how the community would react to something fatal like ECDSA begin cracked.
Many don't realize that ECDSA is used in much many fields than just Bitcoin, some *very* sensitive. But they don't even care.
I noticed 2 threads on this quantum computing subject have popped up this week-end and some of its most fervent supporters are very active in both. My guess that there's some purpose behind it, and it's not for he sake of Bitcoin... So whatever common sense arguments we come with to support Bitcoin, they'll trivialize them and follow they'll purpose.
There is no specific you when bitcoin die. But I hope bitcoin will still alive in few more years even they have some coin who are better to invest than bitcoin.
Bitcoin we still alive if we take care this coin promoting to other people buying more bitcoin or keeping it to your wallet for a long time and not funny selling for sure everyone will see bitcoin may be more decades if you do that
Bitcoin we still alive if we take care this coin promoting to other people buying more bitcoin or keeping it to your wallet for a long time and not funny selling for sure everyone will see bitcoin may be more decades if you do that
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