Bitcoin won't live to see the next 10 years - page 9.

dlhezter

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Quote from: hatshepsut93 on October 06, 2017, 08:14:10 PM

Quote from: cybersofts on October 06, 2017, 05:55:28 PM

Quick Disclaimer:
1. I'm not here to support any shitcoin.
2. We're all gathered here because of bitcoin, so it's hard for me to see it fading way.

Bitcoin was designed not be fully anonymous since transactions were open permanently for the public to view.
Authorities and security agencies were able to trace the bitcoin owners based metadata and transaction pattern, history and so on.

Some developers understand this issue and they go ahead to create some new altcoins which they are fully anonymous by implementing new hashing algorithms on their very new altcoins such as Dash, Monero, Zcash and Zcoin.

So why the bitcoin "hard fork" instead of updating the original bitcoin core?
Forked coins like BitcoinCash & BitcoinGold are moving from ASICs to GPU mining for faster transactions, why not BTC?
Why not update bitcoin mining algorithm to Equihash (zk-snarks) like Zcash and the next upcoming Bitcoin Gold BTG?

Instead of updating the original bitcoin core to have more secure and fast transactions with lower xt fee, yet making hard forks!
I think hard forks will soon kill the original bitcoin.

What do you think, huh? Share with us what you think. thanks

Bitcoin Core developers have conservative approach, they keep security and stability as their prime value and any updates only go live after long periods of discussing and testing. Any new experimental improvements to cryptocurrency protocols should and are done on altcoins, there's no need install them on Bitcoin now. If time will prove that they are sound, we might see some of them at some point at the future. But more likely Bitcoin Core developers would be adding new features as a second layer, so you won't have to risk the main network and force all users to update their clients - this is much better than having hardforks every few months like some altcoins do. So, it's unlikely that alts will ever replace BTC - people value stability in finance more than experimental innovations.

oh, you mean instead of updating/upgrading the original, they make another program like bitcoin for the other experimental purposes and DEV (bitcoin team) wont take the risk to make updates/upgrades the network on the original bitcoin. i get it now. so BTC and BTG are the latest bitcoin experimenta?

bitcoinvestor

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Quote from: Jannn on October 06, 2017, 09:21:24 PM

Quote from: cybersofts on October 06, 2017, 05:55:28 PM

I think hard forks will soon kill the original bitcoin.

I dont think that Bitcoin hard fork will exceed Bitcoin , Bitcoin core make more improvements and fix some issues in the Bitcoin code and i think this will be a good enough.
If Bitcoin core team change the whole Bitcoin code what will be the value of the Original Bitcoin code that created by Satoshi Nakamoto?

I am not technical man but seeing the case of BCH hardfork, the next hardfork seems no much influence or panic state to developers, miners and users. theymos will guide us how to do with the next hardfork, he will write technical steps and analysis to face the hardfork. I am not worried about that. What I am worried is when all government ban bitcoin exchangers to fiat.

xBitHodler

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I would say that Bitcoin is going to survive for the next 10 years. Our community is still working hard on it. There are many Bitcoin Improvement Proposals (BIPs) that may not be accepted by everyone but at least many different people are trying to contribute to this superb project. Hardforks won't damage Bitcoin's reputation. They will make it stronger.

MoonHodler

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Bitcoin: 1HrWs3tDzWr13zocV3qP9ENRLgiDuewtsu

Bitcoin changed the definition of currency, since its decentralized it can be improved

bncbnc

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Quote from: Tyrantt on October 07, 2017, 03:10:41 PM

Quote from: MissionPhailed on October 06, 2017, 06:33:34 PM

Voted 'yes'. I presume Bitcoin will still be around in 10 years but probably won't be the leading coin in the world of cryptocurrencies anymore. It is getting outdated as you sort of mention in the OP and other, better performing altcoins are already emerging rapidly. BTC dominance in the total market capitalization is 49% nowadays, a huge drop compared to the 80 - 90% we've seen up until march this year.

I see it like this. Bitcoin will remain, overall, the most popular crypto but there will be alts created specifically for that business. Like that facebook tokens or steam money, all that could be replaced with an alt-coin. So bitcoin global, alts tweaked for smaller circles. Also, I don't think bitcoin will die out so easily if there's still more to mine.

alts are created even in present time. but still there is still not such an altternative currency which can replace bitcoin. i am also sure that bitcoin will remain as number one currency for a long long time and not a single alternative currency can replace bitcoin. In fact the users of bitcoin are increasing from time to time which is making bitcoin more stronger.

leonair

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Quote from: cybersofts on October 06, 2017, 05:55:28 PM

Quick Disclaimer:
1. I'm not here to support any shitcoin.
2. We're all gathered here because of bitcoin, so it's hard for me to see it fading way.

Bitcoin was designed not be fully anonymous since transactions were open permanently for the public to view.
Authorities and security agencies were able to trace the bitcoin owners based metadata and transaction pattern, history and so on.

Some developers understand this issue and they go ahead to create some new altcoins which they are fully anonymous by implementing new hashing algorithms on their very new altcoins such as Dash, Monero, Zcash and Zcoin.

So why the bitcoin "hard fork" instead of updating the original bitcoin core?
Forked coins like BitcoinCash & BitcoinGold are moving from ASICs to GPU mining for faster transactions, why not BTC?
Why not update bitcoin mining algorithm to Equihash (zk-snarks) like Zcash and the next upcoming Bitcoin Gold BTG?

Instead of updating the original bitcoin core to have more secure and fast transactions with lower xt fee, yet making hard forks!
I think hard forks will soon kill the original bitcoin.

What do you think, huh? Share with us what you think. thanks

I am not a techy guy but my own understanding in this situations of forks is positive because Bitcoin developers are doing this kind of thing for the better good of the future of Bitcoin itself, take this forks as an upgrading thing and not a negative thing. No one wants a fork but there is always a possibility of a fork when upgrading the scale-ability of Bitcoin, change is inevitable.

haroldtee

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IMF super woman said something yesterday. She said bitcoin is going to give fiats and monetary policies a run. Technology advances daily and people, most especially in top positions are beginning to understand that bitcoin is the future and can't be stopped.

So, will bitcoin live to see the next 10 years. Oh Yes!

nidacoinlove

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Quote from: MissionPhailed on October 06, 2017, 06:33:34 PM

Voted 'yes'. I presume Bitcoin will still be around in 10 years but probably won't be the leading coin in the world of cryptocurrencies anymore. It is getting outdated as you sort of mention in the OP and other, better performing altcoins are already emerging rapidly. BTC dominance in the total market capitalization is 49% nowadays, a huge drop compared to the 80 - 90% we've seen up until march this year.

Well the percentage of the bitcoin in market capitalization has reduced due to few reasons. It doesn't mean that bitcoin is going down if it was going down then the price must have decreased. Price of bitcoin is increasing which mean that people still like it and demand for it. The number of alts has increased which shows the percentage of bitcoin as a reduced one but the truth is that bitcoin is still on top.

Aikidoka

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Sinbad Mixer: Mix Your BTC Quickly

It is quite impressive to see 81.6% of people voted "Yes". People are being optimistic about bitcoin. Well, I cannot blame them. I, myself, voted "Yes". Although bitcoin is facing many hardships, it is going to stand and live more than 10 years. There are people who said it would be outdated, but let us agree that it is making a strong success at the moment and I strongly believe that it will make a good progress in the future. It is just a matter of time. Every problem has a solution and every an unsolved problem has a flaw or a weakness. In the end, smart people will not let go of bitcoin that easily.

zeze18

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Quote from: btcdevil on October 07, 2017, 03:45:14 PM

Quote from: CisColtz on October 07, 2017, 03:17:08 PM

maybe you are right and bitcoin will not see the next 10 years but for sure the blockchain technology will be there in 10 years.

I think both will be their but blockchain technology will take over the fiat currency world and bitcoin value will also increase as they are widely used cryptocoin by most users

I think bitcoin will not be able to replace the fiat money function completely, because some fiat money functions are needed in transaction payment, and not all payment transactions can be overcome with bitcoin, but i believe for the next 10 year bitcoins will grow and will be much in use either as a payment transaction or for business transactions.

Ucy

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Compare rates on different exchanges & swap.

Quote from: cybersofts on October 06, 2017, 05:55:28 PM

So why the bitcoin "hard fork" instead of updating the original bitcoin core?
Forked coins like BitcoinCash & BitcoinGold are moving from ASICs to GPU mining for faster transactions, why not BTC? Why not update bitcoin mining algorithm to Equihash (zk-snarks) like Zcash and the next upcoming Bitcoin Gold BTG?"

Is moving from ASICs to GPU even possible? If yes, why on earth are ASICs even allowed to flourish. I always thought that graduation to mining with ASICs was just due to difficulty issue and is bound to happen to any crypto.
Wouldn't this lead to Centralization or was the whole thing done deliberately?
Man,the crypto World is becoming too weird these days

btcdevil

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Quote from: CisColtz on October 07, 2017, 03:17:08 PM

maybe you are right and bitcoin will not see the next 10 years but for sure the blockchain technology will be there in 10 years.

I think both will be their but blockchain technology will take over the fiat currency world and bitcoin value will also increase as they are widely used cryptocoin by most users

CisColtz

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maybe you are right and bitcoin will not see the next 10 years but for sure the blockchain technology will be there in 10 years.

MostafaGamal

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yes i think the bitcoin will hold , because big investor support it.

FasTroy

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Quote from: Mahanton on October 07, 2017, 02:46:36 PM

Quote from: equator on October 07, 2017, 02:33:56 PM

Even if their is hardfork it is not affecting Bitcoin because each hardfork is created a new altcoin is born and every one is getting freely to use and earn free bitcoin by selling it. Still bitcoin is used which is original and even altcoins are also not able take over Bitcoin because all altcoin are handled by developer and bitcoin is free to use.

You are right now matter how many forks would happen into bitcoin it cant really change the reality that people would really love to earn bitcoin than on those altcoin being created by that fork. They would still end up on selling those coins just to earn bitcoin same as you said which means interest and loyalty of people to bitcoin is high and irreplaceable.

Yes, I totally agree with you, hard forks are not a problems at all, because bitcoin is too powerful and people don't let the original cryptocurrency and go for the new one, They trust and believe on orignal bitcoin, So even the Bitcoin cash or Bitcoin gold that will relased in 25th october, I don't think that there is no problem at all for this hard fork, maybe there is some side effects to bitcoin price, but when we talk about the durability of this coins, there isn't no effect.

Tyrantt

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Need some spare btc for a new PC

Quote from: MissionPhailed on October 06, 2017, 06:33:34 PM

Voted 'yes'. I presume Bitcoin will still be around in 10 years but probably won't be the leading coin in the world of cryptocurrencies anymore. It is getting outdated as you sort of mention in the OP and other, better performing altcoins are already emerging rapidly. BTC dominance in the total market capitalization is 49% nowadays, a huge drop compared to the 80 - 90% we've seen up until march this year.

I see it like this. Bitcoin will remain, overall, the most popular crypto but there will be alts created specifically for that business. Like that facebook tokens or steam money, all that could be replaced with an alt-coin. So bitcoin global, alts tweaked for smaller circles. Also, I don't think bitcoin will die out so easily if there's still more to mine.

the rise

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10 years ago I never even dreamed of appearing bitcoin phenomenally and convincingly, we never know what will happen because there will always be the latest innovation from complex crypto algorithm. Digital currency trends will be very familiar for the next 10 years and bitcoin will get a serious challenge from e-money (Fiat). I can think that way because the government has started preparing the system seriously, for example japanese who issued J-coin for long-term projects.

Mahanton

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Quote from: equator on October 07, 2017, 02:33:56 PM

Even if their is hardfork it is not affecting Bitcoin because each hardfork is created a new altcoin is born and every one is getting freely to use and earn free bitcoin by selling it. Still bitcoin is used which is original and even altcoins are also not able take over Bitcoin because all altcoin are handled by developer and bitcoin is free to use.

You are right now matter how many forks would happen into bitcoin it cant really change the reality that people would really love to earn bitcoin than on those altcoin being created by that fork. They would still end up on selling those coins just to earn bitcoin same as you said which means interest and loyalty of people to bitcoin is high and irreplaceable.

equator

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Even if their is hardfork it is not affecting Bitcoin because each hardfork is created a new altcoin is born and every one is getting freely to use and earn free bitcoin by selling it. Still bitcoin is used which is original and even altcoins are also not able take over Bitcoin because all altcoin are handled by developer and bitcoin is free to use.

Kronos21

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Quote from: Ayiranorea on October 07, 2017, 01:19:53 PM

Quote from: mostkey on October 07, 2017, 02:28:36 AM

Quote from: baedrill on October 07, 2017, 02:22:07 AM

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.

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

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.

By nature I am a conservative. I don't like change. Why change something that is good? I am surprised by the position of those who rejoice fork. You do not understand the fact that every fork is bad. Who would trust a currency that has constantly divided and unpredictable price? Even if the price of bitcoin will grow after the fork it will be a blow to the image. With this approach, today you will earn 1 dollar and tomorrow will lose $ 5.

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