Topic: Bitcoin's End Game - page 5. (Read 1350 times)

In my opinion, we are still very far from bitcoin's end. It is true, that someday, in the future, bitcoin may be obsolete because of maybe another advanced technology that will be invented. But for now, I don't see it coming for the next 10 years.


This is the reason why the acceptance of crypto is growing. More and more countries are being friendly with crypto. So it's like we are still in the beginning phase and not in the end phase of bitcoin. Let us enjoy the moment.

I don't see it coming in the future. The fact that there are countriew that openly accepted cryptocurrencies like in Europe is enough to get a strong foundation. And just recently India and South Korea uplifted its ban, so I don't really see it coming for now.

I think that all currencies, whether cryptocurrency or not will eventually become defunct.

In future we will have technology that renders things like copyrights, patents and practically everything else useless. People will have 3D printers that can produce materials on an atomic scale, which will thereby allow everybody to print whatever they want, whether that be food, a new book, a new house or whatever.

In a future where nothing is scarce, money has no value.

Indeed. Bitcoin isn't something eternal, it is pretty possible to disappear. We know that if all governments in the world are united to dismiss Bitcoin, then its existence is threatened. However, if they have the intention to do it, I think they have shown it since early. But it seems they didn't really serious, at least one of the factors is about the economic power competition between countries. As long as there is competition or economic warfare, I guess they won't be united as they have own purposes.

Regarding the digital currencies to create by the governments, I doubt it will be implemented fully around the world. Not all countries have the capacity to provide it, many countries still have technological and infrastructure limitations. Moreover, there are still many people who have lack knowledge and live without knowing the digital world. In this case, digital currencies are not worth to implement and paper money (Fiat) still becomes the best option. So, I'm not sure many countries to consider having digital currencies soon.

Not really sure to answer this question. But yes It can happen. However, it shouldn't be in the near future since no big reasons to see it. Well, I think we are better to optimistic in the future of Bitcoin. It is always growing well day after day. And we also see more adoption in Bitcoin currently. At least, it will survive as a digital asset.  

As long as there are men who tend to personal freedom and therefore also to financial bitcoin will not die. If men all became unconscious slaves of the system, then bitcoin would cease to be used.

Have you seen the news lately? India's Supreme Court ruled that their central bank's ban on Bitcoin was unconstitutional, something similar happened in Israel recently, many countries are legalizing and regulating crypto. They are not afraid of it, they don't think it will replace fiat anytime soon, and maybe it will even be a net positive, because new markets mean more taxes.

And central bank coins still don't exist, all we have is just statements that they want to create such currency, but they were telling the same thing even before Bitcoin was created.

Wouldn't it have been smarter to nip it in the bud years ago? Why let it flourish for 10-15 years, allowing for the possibility of mass adoption?


That's one perspective. Here's another: Governments are competing. The cryptocurrency/blockchain services industry is a potentially multi-billion dollar industry. They want that economic growth, for their country's GDP. If Bitcoin or other cryptocurrencies might become widely adopted as traditional investment assets like gold and silver, banning it means getting left behind. Governments would be robbing their populations and maybe even endangering their operating budgets by doing so. Central banks should be tucking away bitcoins for a rainy day, not trying to ban it.


You're right. The US government would probably look foolish and impotent trying to enforce something like Executive Order 6102 on Bitcoin.

Centralbankcoin will make the case for Bitcoin even more compelling than it was before and make the informed want out of the conventional system more than ever. They're not letting up in their lever pulling and it'll become clearer than ever that a system they have total control and surveillance over will be subject to even more weirdness.

I'm not sure what proportion of the population will care about that but it's certainly not a proportion that's going to shrink. As for illegalising it, I can see it happening in crackpot shitholes and piece of shit administrations like India.

In better developed places it's slowly creeping into conventional portfolios. If things like GBTC wind up in millions of pension funds I don't see how that can be rescinded without there being a shitstorm. It's a bit tricky to pull the rug just because it makes you sad.

People will of course refer to the gold seizures in the 1930s. It's a very different world now. Money is an awful lot more mobile and populations are a lot more vocal and a lot less likely to fall in line.

Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever.

My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations).

Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed.

Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?