Topic: Do you think Bitcoin will survive after 100 year ? - page 118. (Read 38193 times)
Not sure about bitcoin but crypto currencies for sure, unless a better alternative is created
I am asking this just to see the different opinions of Bitcoin community about its long term potential
I know Bitcoin is actually strong enough and stable as well
But what do you think about it after 100 years ?
In my opinion the bitcoin will exists forever Because here the concept is simple .I know Bitcoin is actually strong enough and stable as well
But what do you think about it after 100 years ?
As here we understand that bank system are more better and powerful and can't go down ever , But here if we can see toward the stability and technology of the bitcoin blockchain system then we will find that here security is more better than what the banking system have .
And also in the bitcoin we have more ease to access the money that we have in the wallet and also Annynomuous type privacy also worked perfectly here , so we can understand well that in the future why people will not use bitcoin .
So here we can say that from year by year people will use bitcoin more and more and that will increase the future life of the bitcoin According to demand .
If humanity will survive 100 years and bitcoin too.He only will more and more spread to the world.
Yes, if the human race is not over, the use of bitcoin will continue and if the internet is still up and running, then the use of bitcoin will continue. And by that time, the use of bitcoin might have gone legalized and generally accepted by all countries.
Doesn't matter really. Its underlying technology will be there defining a decentralized future. I think that's honoring Satoshi's wishes, he created bitcoin as a means to an end to push society to a future he envisioned.
Presumably people will write Wills (the same as they do now) and they could leave their wallet passwords in the Will or some similar solution. They could also simply tell their heir the wallet password on their deathbed or transfer their wallet funds to their heir before they die.
I don't think it is a problem. In 100 years tech will be so much more advanced than now. We'll have wearable computers and our wallets will probably be embedded into our wrist or something! It won't be a problem like you think it is.
Still unexpected deaths. But didn't think that through, in 100 years (if we don't destroy eachother, you never know with humans) we would probably have a new digital currency (or one besides BTC), or maybe humans would be invincible. Maybe we'll be on other planets or BTC will become useless. To many variables I didn't think about before posting. I don't think it is a problem. In 100 years tech will be so much more advanced than now. We'll have wearable computers and our wallets will probably be embedded into our wrist or something! It won't be a problem like you think it is.
I think in the future, cold storage will be seen the same way burying cash in a tin can looks today.
Today, managed wallets are risky, but they won't always be. Once Bitcoin managed wallets can get some form of insurance or at least a track record of reliability, I think the community will have a change of heart towards letting others guard their money. Maybe there's an economic or ideological argument against this, but people expect and demand that kind of oversight of their money.
I say either way, it's very irresponsible to not come up with a way to relay your savings to your dependents, no matter how young you are.
Edit: also, it's hubris to assume Bitcoin will be mankind's final currency. There are tons of currencies reduced to being collectable coins, and who's to say someone won't develop something better than Bitcoin that's incompatible with the existing blockchain?
I recall reading that scripting could be implemented into the btc protocol, so in theory future developments of Bitcoin could actually credit people coins if certain conditions were met. Perhaps it could require a digitally signed death certificate from a clerk or lawyer. Granted, that's a big undertaking and could be very exploitable if done wrong
Yeah thats what I've been saying in reply to others. At the time of posting this I was more concerned about what would happen so I wasn't really thinking of things like another technology that could be better used for currency that we can't even imagine. Like the thought of internet in the 1800's, no one would've known this existed or anything like it. Probably unimaginable for them. We'll probably either destroy eachothers because humans are stupid, or we'll be immortal by then. Anything could happen Today, managed wallets are risky, but they won't always be. Once Bitcoin managed wallets can get some form of insurance or at least a track record of reliability, I think the community will have a change of heart towards letting others guard their money. Maybe there's an economic or ideological argument against this, but people expect and demand that kind of oversight of their money.
I say either way, it's very irresponsible to not come up with a way to relay your savings to your dependents, no matter how young you are.
Edit: also, it's hubris to assume Bitcoin will be mankind's final currency. There are tons of currencies reduced to being collectable coins, and who's to say someone won't develop something better than Bitcoin that's incompatible with the existing blockchain?
I recall reading that scripting could be implemented into the btc protocol, so in theory future developments of Bitcoin could actually credit people coins if certain conditions were met. Perhaps it could require a digitally signed death certificate from a clerk or lawyer. Granted, that's a big undertaking and could be very exploitable if done wrong
No matter the price people will always hold it in case it goes up.
You have to remember that just like the internet, Bitcoin will improve over time from the addition of different services and features.
If it actually catches on, Bitcoin will be a lot more different in 100 years than it is today. There will most likely be safeguards for things such as people dying/theft/loss/fire, etc.
If it actually catches on, Bitcoin will be a lot more different in 100 years than it is today. There will most likely be safeguards for things such as people dying/theft/loss/fire, etc.
Presumably people will write Wills (the same as they do now) and they could leave their wallet passwords in the Will or some similar solution. They could also simply tell their heir the wallet password on their deathbed or transfer their wallet funds to their heir before they die.
I don't think it is a problem. In 100 years tech will be so much more advanced than now. We'll have wearable computers and our wallets will probably be embedded into our wrist or something! It won't be a problem like you think it is.
I don't think it is a problem. In 100 years tech will be so much more advanced than now. We'll have wearable computers and our wallets will probably be embedded into our wrist or something! It won't be a problem like you think it is.
I think in the future, cold storage will be seen the same way burying cash in a tin can looks today.
Today, managed wallets are risky, but they won't always be. Once Bitcoin managed wallets can get some form of insurance or at least a track record of reliability, I think the community will have a change of heart towards letting others guard their money. Maybe there's an economic or ideological argument against this, but people expect and demand that kind of oversight of their money.
I say either way, it's very irresponsible to not come up with a way to relay your savings to your dependents, no matter how young you are.
Edit: also, it's hubris to assume Bitcoin will be mankind's final currency. There are tons of currencies reduced to being collectable coins, and who's to say someone won't develop something better than Bitcoin that's incompatible with the existing blockchain?
I recall reading that scripting could be implemented into the btc protocol, so in theory future developments of Bitcoin could actually credit people coins if certain conditions were met. Perhaps it could require a digitally signed death certificate from a clerk or lawyer. Granted, that's a big undertaking and could be very exploitable if done wrong
Today, managed wallets are risky, but they won't always be. Once Bitcoin managed wallets can get some form of insurance or at least a track record of reliability, I think the community will have a change of heart towards letting others guard their money. Maybe there's an economic or ideological argument against this, but people expect and demand that kind of oversight of their money.
I say either way, it's very irresponsible to not come up with a way to relay your savings to your dependents, no matter how young you are.
Edit: also, it's hubris to assume Bitcoin will be mankind's final currency. There are tons of currencies reduced to being collectable coins, and who's to say someone won't develop something better than Bitcoin that's incompatible with the existing blockchain?
I recall reading that scripting could be implemented into the btc protocol, so in theory future developments of Bitcoin could actually credit people coins if certain conditions were met. Perhaps it could require a digitally signed death certificate from a clerk or lawyer. Granted, that's a big undertaking and could be very exploitable if done wrong
100 years is quite a long time, for this time and humanity can disappear 
In general, I think that bitcoin has all chances to survive for 100 years in the world financial market, it has excellent prospects and more people are investing money in bitcoin. Large enterprises also use bitcoin in their production, this also means a lot.
In general, I think that bitcoin has all chances to survive for 100 years in the world financial market, it has excellent prospects and more people are investing money in bitcoin. Large enterprises also use bitcoin in their production, this also means a lot.
Firstly, I want to ask Do you think any of us will survive after 100 years. Evident, if there is no surety of a human life, then it’s a cryptocurrency.
On a serious note, Bitcoin seems to survive for a long time. It’s a sound cryptocurrency, not debt based, have increasing demands and rising value.
Still, as we all know all currencies fluctuate, there may be a possibility that some other cryptocurrency will take its place. 100 years is a big time.
Evident, if there is no surety of a human life, then it’s a cryptocurrency.On a serious note, Bitcoin seems to survive for a long time. It’s a sound cryptocurrency, not debt based, have increasing demands and rising value.
Still, as we all know all currencies fluctuate, there may be a possibility that some other cryptocurrency will take its place. 100 years is a big time.
Bitcoin might be gone by then but cryptocurrency will still be alive and kicking for sure. New cryptocurrency might sprout but still bitcoin will be a legend. It's where it all started.
To say it will survive after 100 years is not the truth because we can’t predict a currency for 100 years but we can say that it will be the successful currency in the current century. However we even don’t know that after 100 years will this currency exists or not. But we have a hope that it will survive for a long period of time.
[bI do think so.Because crypto currency is spreading it's identity around the whole world.People are being encouraged and interested to work with bitcoin.Again it's price is rising rapidly.As it's popularity is spreading so fast,this will make bitcoin alive through the next century.
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I am asking this just to see the different opinions of Bitcoin community about its long term potential
I know Bitcoin is actually strong enough and stable as well
But what do you think about it after 100 years ?
In my opinion the bitcoin will exists forever Because here the concept is simple .I know Bitcoin is actually strong enough and stable as well
But what do you think about it after 100 years ?
As here we understand that bank system are more better and powerful and can't go down ever , But here if we can see toward the stability and technology of the bitcoin blockchain system then we will find that here security is more better than what the banking system have .
And also in the bitcoin we have more ease to access the money that we have in the wallet and also Annynomuous type privacy also worked perfectly here , so we can understand well that in the future why people will not use bitcoin .
So here we can say that from year by year people will use bitcoin more and more and that will increase the future life of the bitcoin According to demand .
Yes indeed, bitcoin will still remain after many years. Unless there are people or professionals that will make a move to remove this kind of cryptocurrency.
I think bitcoin will last for more than 100 years, but the price may be more expensive than the current price. maybe there will be a new coin that can compete with bitcoin
Even though we can't predict the future, I do believe that we will see bitcoin around for a very long period, maybe even 100 year. But at some point something new might came up with better features than BTC and replace it, just like it's replacing FIAT.
It seems to me that 100 years ago the bitcoins would not have the chance to survive. The society was very backward, underdeveloped, electronics virtually did not exist. It would not be possible, especially by people who would not believe in something so unimaginable.
One solar flare and we all live in the dark ages,....changes of a solar flare hitting us in the next hunderd years 11%.
So i guess the answere is NO.
So i guess the answere is NO.
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