Topic: Bitcoin's End Game (Read 1350 times)

The absence of a deficit does not mean stability. You will always watch what your neighbor has behind the fence. Cryptocurrency is now a good way to overcome the inflation that can be provoked by Fiat money.

As long as people want to be free and not succumb to the system, bitcoin will develop. As soon as the system wins, consider that all the work is in vain.

That's certainly true, mate. Bitcoin has already gained mainstream recognition, while that's not the case with some altcoins on the market. It's the first cryptocurrency that comes to mind, when someone is looking to join the world of crypto. After all, Bitcoin is the "Father of Blockchain technology". With 11 years of success, it's hard to think that it'll die anytime soon. On the contrary, it seems that Bitcoin will experience massive growth in adoption over time due to its unmatched security and reliability unlike any other cryptocurrency on Earth. The reduced block reward every 4 years should make Bitcoin more attractive as a sort of long-term investment. As development grows, Bitcoin will become a rock-solid cryptocurrency that's hard to "tackle" with.

The only way Bitcoin will be facing its "End Game" is if all governments worldwide conspire against it by shutting down everything single centralized exchange trading it. Aside that, the whole Internet needs to be taken down to stop the Blockchain from operating as intended. But that's very unlikely to happen given that countries can't agree unanimously on decisions. I don't expect another cryptocurrency to emerge with a superior tech than Blockchain, at least during Bitcoin's last mining period in the year of 2140. Gold has been in use for a very long time, so I believe that Bitcoin will live on for many generations no matter what. Just my opinion

The longevity of Bitcoin is not debatable because as the world moves forward and gets more digital, Bitcoin grows in essence. Now, adoption has grown way up comparing it to years back. This shows how people become interested in Bitcoin and cryptocurrency after reading the concept and whitepapers of some projects.

Today we can see that bitcoin adoption is becoming more widespread. This is a good sign, moreover, bitcoin is very compatible with technological developments, becoming a lifestyle of modern people. When ever we can have an effective currency for investment, trade, and even make cross-border payments without complicated requirements. Without waiting too long or until bitcoin is depleted, we can see that bitcoin can be something shining.

The fact that Bitcoin's code is open source, allows anyone to maintain the longevity of the project for many generations. Bitcoin’s “doom” would’ve been certain if the same was entirely centralized. Luckily, Satoshi designed Bitcoin as an open and decentralized cryptocurrency that's able to "stand the test of time". No matter what governments' efforts may be, there will always be a way to use Bitcoin. A full government crackdown will only affect people's ability to get access to Bitcoin through centralized exchanges. But it'll still be possible to trade Fiat to Bitcoin (or vice versa) in-person without the government noticing. In addition, people can use decentralized exchanges or even atomic swaps which are outside the scope of the authorities. The only way to totally disrupt Bitcoin is to shut down the entire Internet from the whole wide world. But you and I know that's practically impossible to achieve.

Considering that it's very unlikely Bitcoin will be facing an "End Game", it might survive alongside Fiat for many generations. You and I won't be able to live after all Bitcoin are mined by 2140. But I'd expect that Bitcoin will be widely successful in the future as a decentralized safe-haven asset for the world. As long as there are people supporting Bitcoin in every way, nothing should go wrong. Just my opinion

I don't think there will be the end of bitcoin this way.

First, you are not the only one who likes bitcoin. In fact, many strong and rich people would love to move around tens of millions USD secretly. And some of them, surely, work for governments. Probably, that's why bitcoin wasn't banned in 2011 - 2016 when there were loud notorious cases like Silk Road to force ban bitcoin straight away.

Secondly, there will always be countries and jurisdictions that would love to host bitcoin exchanges just like we have offshore banks since... Always? 1980s.

Thus, there will always be ways for bitcoin to exist. The unlikely nightmare would be the world turning into one country with totalitarian regime. But then we would have much more serious problems.

P. S. Rename your home wi-fi network to Bitcoin and we'll win, believe me, lol

bitcoin is only a few years old and still does not have thousands of people worldwide using bitcoin bitcoin, which opens space for more adoption and longevity of bitcoin itself


if governments wanted to crack down on bitcoin, they would have done it many years ago, it wouldn't make sense for governments to crack down on bitcoin when they are already recognizing bitcoin with each passing year


as i said before governments are recognizing the existence of bitcoin, look at how every year more countries accept their people to use bitcoin, look at how more and more traders accept bitcoin every year. look at how every year regulators are taking measures that benefit bitcoin and eventually everyone in the world will use bitcoin without a problem.

creating a government digital currency to compete with bitcoin will be a very difficult task for any government and governments know it.

Most practical solution:

Governments accept bitcoin, but put KYC on everything that is centralized and supervise everything that is centralized, this is the most practical solution and governments know it!



I think you are mistaken, there are many people who will be happy to buy bitcoin when they have regulations made by governments. The rich (those who have a lot of money) will be satisfied if they have guarantees that they will not be trading on scammer exchanges or on exchanges that manipulate volumes


if this option were very easy, don't you think that governments would have already done this?


we are at the beginning, the beginning of a great and long and good path

There can be many scenario about it. For example after fight some governments against bitcoin (mostly because of money laundry, drug deals and losing price comparing to bitcoin) they will find a way to defeat bitcoin by stooping people buying bitcoins and suspending exchanges. Just like what US done to the bitinstant suspended. and they other scenario can be someone with some new method try to hack some wallets.
Also any technical issue in the network can be the reason of bitcoin's end game.
After all these I saw I think there is less than one percent chance for all the scenarios to be happen if the future.

Indeed, nothing lasts forever but that does not mean bitcoin and exchanges and other things will be destroyed, when the government has its own digital currency or whatever they make themselves related to crypto or to topple the crypto market it will only become a fair competition, because even something that is illegal so far such as the black market, porn videos etc., still persists and that proves the government does not have much power to undermine something that has become the interest of many people in the world.

i didnt know that being regulated means beneficial to a country  but i thought people doesnt want crypto to  be regulated  cause they think this will wear off some characteristic of crypto .  while for me being regulated or not , i will still use a crypto . being regulated means that crypto will retain forever

 many people changed thier views from bad to good about bitcoin but there are also people that have a good to bad view and some still have a bad vibes that wont probably changed

In my own opinion, we are already aware that substantially many big and small countries are not anymore afraid of Bitcoin  because they already understood well that Bitcoin and the whole cryptocurrency market can be regulated and doing so can be beneficial to their economy. Bitcoin is not anymore seen as an enemy but slowly gaining the reputation as a friend that can be an ally bringing many advantages.

Completely agree with you, mate. To be able to take down the entire Bitcoin blockchain, the whole Internet needs to be shut down. There's no other way around it. The bigger Bitcoin becomes, the harder it'll be for governments to stop it. It's been 11 years since BTC's inception, and surprisingly, the pioneer cryptocurrency is still in one piece. With the recent COVID-19 pandemic, digital payments have increased like never before. One way or another, digital currencies will become the future of money as we know it.

I believe that it's still too early to talk about "Bitcoin's End Game" since the Blockchain industry is starting to blossom. For now, Bitcoin and other cryptocurrencies will continue to remain actively used in the mainstream world. Unless some new technology comes out which challenges Bitcoin's Blockchain technology, I don't see Bitcoin going anywhere. We could start worrying about all this, once all Bitcoins are mined by 2140. But even you and I won't be able to live that long. The future certainly brings surprises, especially in the uncertain world of crypto. Just my opinion

This is correct.

Bitcoin is a banker operated settlement layer now engineered (1MB blocks) to depend upon a highly regulated L2 scheme that turns miners into money transmitters subject to KYC/AML oversight and enforcement.

You won't be reading about this true history and masterplan anywhere else.

Concerns must exist if bitcoin does not last long because of interventions by countries that consider bitcoin to be illegal.
but we know that many countries have recognized the existence of bitcoin and have accepted it as a legal transaction. so that it can be used as a legitimate medium of exchange and purchase. even if later the state will try to establish its own digital currency, there may be many obstacles that occur because not all countries can recognize other countries' digital currencies, because they only regulate the legal currency and have been issued, maybe the country is preoccupied. bitcoin will still be a tool that could be an alternative as usual because it has been going well.

As long as internet is there, bitcoin cannot be shutdown. Some people might think that bitcoin is a bubble and they stop using it but majority of the people and governments will accept bitcoin in the near future. Digital currency is the new form of currency and we have to accept it.

     I don't think real investors are so naive as to be manipulated by world governments. It is hard to believe that Central Banks will succeed in forcing people not to use cryptocurrencies as an investment space. Bitcoin works independently, without the need for banks and governments.
Another argument that Bitcoin will not die is that the Charles Schwab report, published in November 2019, shows that countries such as Turkey, Venezuela and Iran, which are fighting hyperinflation, may migrate to the adoption of BTC in this financial crisis.

     Bitcoin will continue to exist and become more and more popular.

well at some point this quantum computers has been always in the topic about bringing down the bitcoin in future.
is there really a threat ?because it seems that this becomes viral day by day.
This is our enemy,the manipulators because they made the market disregarding the independence of cryptocurrencies .

Crypto perception could change drastically over the next years, thanks to the COVID-19 pandemic. The disease has forced people to practice social distancing and stay interconnected in the online world. The pioneer cryptocurrency had a dramatic rise from $3k to just $8.8k in nearly two months since the crash of the economy in March 2020. It shows us how resilient BTC is in times of turmoil. With an ever-growing number of people joining the "crypto train", it looks very unlikely that Bitcoin will see an "end game" anytime soon. Even after all BTC are mined by 2100, miners will still live off fees, prolonging Bitcoin's life (hopefully) within the mainstream world.

Something disastrous would need to happen in the future for Bitcoin to experience its "end game". Maybe governments will enforce the use of CBDCs, while banning the use of crypto worldwide? Or maybe BTC experiences a terrible 51% attack which would lead to loss of confidence from people in the mainstream world? For now, the fate of Bitcoin seems to be a mystery because of its unpredictable nature. It's always best to have a "Plan B" and "Plan C" just in case Bitcoin fails in the long run. What matters is Blockchain technology above anything else. As long as people are able to enjoy financial freedom without the need for a middleman, nothing else matters. Just my opinion

This is entirely possible. CBDC can disrupt the whole market and they will be the new manipulation organization in this crypto market. Although there are many bitcoin billionaires in this world, I believe they will not be able to fight a mighty Central Bank. Maybe we will welcome a new era and a new game. it's all just a matter of time