Topic: Bitcoin won't live to see the next 10 years - page 10. (Read 2941 times)

Price doesn't say much about the real value and longevity of a product. For example a dollar used to have much greater value than now. It's been losing value due to inflation for over 100 years and it's still here, being used by people. Why could it disappear? One of the reasons would be lack of consensus between its users that would cause a 50/50 fork splitting the community in half. We'd have 2 coins and each of them would have half of the value before the split. This could allow a popular altcoin to beat it in value and market cap.

Hard fork has been considered as a threat when it happened months back. Soon after this the growth started to progress in a large scale and the same could happen in the upcoming fork. So people who has the plans of investing into bitcoin its good to have patience and till the fork, the price might get dumped and will grow in a short.

Hard forks will only strife but i think Bicoin will remain even beyond 10yrs.

With the current trend of bitcoin's price, I don't think it would not live to see 10 or 15 years. It has been here since then with low prices, why would it seize to exist now

a hard fork that was supposed to be a threat to bitcoin users, is turning into an advantage. for example that happened in august, hard fork that makes bitcoin split in two, this even become the advantage of some parties, so I think only altcoin trigger the threat, because coin that is broke

I agree with this because despite the hard forks the mother of all cryptocurrency has encountered, it will always survive and will always will. I can't see it gone in the next 10 years but i see its value to balloon over a million each.

We may all gone but this long term cryptocurrency remains.

I don't think hard forks will ever be a threat. They're improved Bitcoins, to a degree, but being premined hurts them. Other altcoins are more of a threat, but I don't think the one that will eventually topple Bitcoins has been born yet. Ethereum can come close, but it has several issues of its own.

Reserve currencies like the USD or EUR are not likely to collapse. They would just devalue over time but people would still continue to use them. Some smart savers would move their cash assets over to Bitcoin and cryptos, but people who live from paycheck to paycheck would stick to fiat.

bitcoin living to see next 10 years or not has nothing to do with the things you said. at least these are not that big an issue to have any effect on bitcoin's future.

and you know what, you can change all the things you said here such as how mining works. but change has to be needed first then it has to gain enough support to be able to be accepted by all the network. so far there is no need to change mining. you are just caught up in the hype of the mining with GPU and think if it is changed everything will be happy. but you are wrong.

If Bitcoin is updated not only to expand the bandwidth of transactions, but to solve some of its vulnerabilities, it will live a very long time. However, if this does not happen, then it will become obsolete, lose its support and go into the background of more successful crypto-currencies.

Bitcoin will still b here in 10 years.
The Simple reason Bitcoin Core is not making 100 changes is because its just not necessary.
Bitcoin never was intended to be Anonymous.
A ledger with Pseudonym is what Bitcoin needs.
Same reason for not changing mining Algorithm.
It would be senseless. Look at the beautiful coins which dd "everything better than BTC".
They Stück at around 200-300$. Compared to BTC thats pretty low..

Yes, I'm sure bitcoin will be here for the next 10 years.
Bitcoin isn't anonymous but it can be, in some ways to make it happen.
Why bitcoin hard fork and create another altcoin after Bcash? Bitcoin core developers don't want to hard fork and increase blocksize.
This problem about blocksize has been discussed since few years ago https://en.bitcoin.it/wiki/Block_size_limit_controversy
We have bitcoin segwit right now, as long as transaction could be confirmed within 10 minutes or less than an hour, it will be fine without increase blocksize.

Proponents for the forks wanted Bitcoin to have lesser transaction fees and faster confirmations by doubling the block size, thus, compromising other aspects such as resources since the block will be doubled, running a full node requirements will also increase and ordinary users cannot cope up thus big companies will be in advantage to it and will consider it as not a Decentralized already.


this will not happen, it does not changed algo, still it is in ASIC.


Bitcoin is not an Altcoin


Already stated above my reasons.

LOL hahahaa.

Why are all these equihash / ethereum / etc algorithm coins not valued more than bitcoin? Why isn't the whole world transacting on these scamcoins that do everything cheaper, anonymous, and "faster"? LOL AHHAHA. maybe because they're more centralized? less secure? less scarce? not open-source? stuck to one/two countries? premined? networks where you can easily spam transactions? not immutable? weak to forks? scam start with ICO? hackable difficulty? There have been hundreds/thousands of altcoins for many years. Bitcoin has been around for eight years.

Though it is still very early adoption by the world population (most people everywhere don't know what it is)...
Bitcoin (the King) has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination of Bitcoin.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalksearch.org/topic/which-country-are-you-from-here-list-thirty-popular-bitcoin-countries-for-trade-1853019

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

Well you dont know that now And whos youre source? Lol we dont have a concrete evidence if bitcoin will live up to next 10 or a max of 10 years but hoping that will bitcoin will overcome after 8 years or so hoping that it will be more long lasting to not cut ties with all of us depending only on bitcoin so many jobs that have been developed sucessfully we dont want to erase this incredible experience right? Mate? We want to earn more and almost live only on an easy life and financial probelm free getting the idea of earning on only mobile using is so great to have

As bitcoin is not anonymous as you rightly pointed. Government agencies will support it compared to other anonymous altcoins. So, people who are concerned about regulations will prefer bitcoin over anonymous coins. So, I guess bitcoin will not go away that easy unless it faces technical challenges

it is called bitcoin not bitcoin core. core is a client.

and forks happen because majority want bitcoin like what it is right now. not any other way, like having a different mining algorithm.

do you have a reference for BCH moving to GPU mining?

why? because you will have to keep forking the coin each time pools shape up and people start pooling their GPU and create farms to mine bitcoin. ASIC resistance is a myth.

if you want a different thing then use a different thing. that is why they exist anyways.

why?
for years people have been forking from bitcoin, creating an altcoin and dying after a while. the only difference is now they are also giving away airdrops.

It will be quite difficult for Bitcoin. The main issue is that the block size is not capable of accommodating the growth in the user base. Even if the block size is increased to 2 MB, how long do you guys think it is going to last? After 4-5 months the cycle will repeat again. High fees, delayed transactions, angry users and more and more FUD.

These forks are just part of bitcoin and i think it is just an opportunity that is given by the developers to earn more money using bitcoin and to encourage people to hold because when there is a fork then there is another coin created that is different from the original by its name and some sort of features but it is completely free and you can earn profit by getting those free coins because after the fork is done, they are officially priced already.

I also voted yes because hard forks will not actually be happening every year...we just have to get past 2017 and by next year we do expect Bitcoin to be really back for more growth specially that there can be new markets to be opened and more demand can be expected. Plus all of those new coins out of the hard fork are just altcoins no matter how they claimed they are not. Bitcoin is a very resilient coin as shown by its being strong in the face of China rejection.