Do you think bitcoins will disapear or become unused? - page 21.

pooya87

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Quote from: Bjiornulf on December 15, 2015, 05:19:00 PM

I don't think bitcoins have a good futur. Not much people use them and there is no real use for these people. The problem is that the people that doesn't use it is the majority of the planet. And you, what do you think about this? Will bitcoins have a glorious future or a realy bad one?

i doubt if there is any certain answer to this question. both scenarios are quite possible. but only in the distant future.
what is for certain is that for the near future bitcoin has a good path ahead of itself because it is being used by more people every day. and since it is still new and in its early stages, this state is predicted for it.

Daniel91

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Bitcoin will never disappear or become unused.
What is possible, bitcoin can become less attractive and less used over time and some other crypto currency can become more famous among users.
We will see soon if BTC will finally become mainstream or some other virtual currency will replace bitcoin and become more popular.

RoseMann

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Quote from: bitcoin-hunter on January 12, 2016, 04:46:06 AM

No way this will happen. I think bitcoin will become more and more important in the future, and with that we will need bitcoins.
So it will become used more instead of becoming scarce.

I think bitcoin will be used more when it becomes more popular. Not many people in the world heard about bitcoin.

bitcoin-hunter

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No way this will happen. I think bitcoin will become more and more important in the future, and with that we will need bitcoins.
So it will become used more instead of becoming scarce.

praprata

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Quote from: madonnino on January 12, 2016, 04:09:11 AM

no one can ' know , only time will give us the answers to this question . for sure $6,725,901,524.25 of market crap are not disappearing so easy

Yeah, I think it will someday but I think we will be dead at that time. I do see bitcoin going to be zero or gone is to high for that price. It only can maybe happen if the government is a ass that it will just ban it. Or other thinks like no internet no more in the world.

madonnino

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I ❤ www.LuckyB.it!

no one can ' know , only time will give us the answers to this question . for sure $6,725,901,524.25 of market crap are not disappearing so easy

Kisleav

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Not at all, I don't think it will disappear

nejibens

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I do not think so, Bitcoin is already used and it's like global currency nowadays and with best features

So i think Bitcoin's having good future

relq

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I don't think bitcoins will disapear or become unused. especially since last week the bitcoin price keep increase. i think someday bitcoins will booming and all people will use it.

Jordan23

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A better question is why do people think because not everyone jumped on Bitcoin immediately it won't work?

How many people had email in 1995? Remember it was hard to use and the majority of the people didn't have email. Email failed remember?

Yakamoto

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Quote from: fuathan on January 11, 2016, 08:19:08 PM

Nope... At least 20 years. If quantum computers misused it then it will be disappeared.

It all comes down to what people use quantum computers for. If someone manages to break the Bitcoin encryption, then they have the capacity to break every other form of encryption as well.

Unless someone manages to get their hands on a quantum computer anytime soon, I doubt they'll be able to properly use it.

fuathan

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Aleph.im

Nope... At least 20 years. If quantum computers misused it then it will be disappeared.

Hellacopter

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No i don't think so, but i think Bitcoin have shining future and will be soon global currency and could even being the first used currency worldwide, as the price increase and bitcoin's growing up daily

RoseMann

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Quote from: ATguy on January 09, 2016, 12:06:34 PM

Quote from: twister on January 09, 2016, 06:14:21 AM

My concern is the mining, it is getting to centralized, lets see what happens to it after the halving.

Today 80% of hashpower is in about 5 centralized pools. I dont think this year halving will make any difference to this as the today Bitcoin price above 400 USD make it profitable to mine in areas with cheap electricity even after the block reward drops to 12.5 Bitcoins

The halving will make the hashing power more concentrated. Most home mining will be driven out if the price does not increase.

kheein

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Turn your financial ideas into reality

maybe,this time bitcoin will continue to grow . as investors see that bitcoin more years of increasing demand. we can see the volume in all exchange today.

ausbit

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Quote from: Denker on January 09, 2016, 02:52:50 PM

Quote from: Amph on January 09, 2016, 08:04:41 AM

Quote from: twister on January 09, 2016, 06:14:21 AM

Its a technology and in time it might get replaced by a better one therefore it needs to be always improved so it always remains on top. My concern is the mining, it is getting to centralized, lets see what happens to it after the halving.

the halving will only make it even more centralized, so there is nothing to see

also the new technology that might come out, can be integrated in bitcoin as a upgrade before it actually come out

after all you can not have something which differentiate too much from centralized or decentalized

if this new tech is centralized, i would not care much, it is like fiat trash, if it is not, then it might not be considered completely new

Totally agree. New techs could be implemented in Bitcoin.
Bitcoin's greatest advantage is that it is the first of it's kind and therefore the network effect it has will the biggest hurdle new coins/blockchains will have to overcome.

We all are heading towards the future with Bitcoins life. All the Bitcoins users are getting benefits.then how come we can think that it will be vanished and totally disappear. There will be 100 percent new technology will come to keep protecting and giving the better benefits then at present.

Denker

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Quote from: Amph on January 09, 2016, 08:04:41 AM

Quote from: twister on January 09, 2016, 06:14:21 AM

Its a technology and in time it might get replaced by a better one therefore it needs to be always improved so it always remains on top. My concern is the mining, it is getting to centralized, lets see what happens to it after the halving.

the halving will only make it even more centralized, so there is nothing to see

also the new technology that might come out, can be integrated in bitcoin as a upgrade before it actually come out

after all you can not have something which differentiate too much from centralized or decentalized

if this new tech is centralized, i would not care much, it is like fiat trash, if it is not, then it might not be considered completely new

Totally agree. New techs could be implemented in Bitcoin.
Bitcoin's greatest advantage is that it is the first of it's kind and therefore the network effect it has will the biggest hurdle new coins/blockchains will have to overcome.

ATguy

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Activity: 423

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Quote from: twister on January 09, 2016, 06:14:21 AM

My concern is the mining, it is getting to centralized, lets see what happens to it after the halving.

Today 80% of hashpower is in about 5 centralized pools. I dont think this year halving will make any difference to this as the today Bitcoin price above 400 USD make it profitable to mine in areas with cheap electricity even after the block reward drops to 12.5 Bitcoins

Amph

legendary

Activity: 3248

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Quote from: twister on January 09, 2016, 06:14:21 AM

Its a technology and in time it might get replaced by a better one therefore it needs to be always improved so it always remains on top. My concern is the mining, it is getting to centralized, lets see what happens to it after the halving.

the halving will only make it even more centralized, so there is nothing to see

also the new technology that might come out, can be integrated in bitcoin as a upgrade before it actually come out

after all you can not have something which differentiate too much from centralized or decentralized

if this new tech is centralized, i would not care much, it is like fiat trash, if it is not, then it might not be considered completely new

dollarneed

hero member

Activity: 742

Merit: 500

Quote from: EdenHazard on January 08, 2016, 04:53:32 PM

Quote from: owm123 on December 15, 2015, 08:06:19 PM

It depends how you define "use". If you define "use" as a way of stroing your money, like gold today for example, than it will be used. But for everyday to day transactions in your grosser store or petrol station it might not be very useful due to 10 min or more, confirmation time.

a good answer, I think you have a good analysis, it bitcoin will not disappear, if it is used for investment or kept in storage is good, but if it is used for payment, may bitcoin will be abandoned if bitcoin have longer time confirmation.

as for me, i prefer bitcoin for online payment and as an invetment, yeah bitcoin is the simplest, easiest means of paying for things online but i saw on tv and youtube people right now starting using bitcoin in cofee or store, and it looks they dont have a problem with confirmation time, moreover to decrease the confirmation time, we can do that by increaseing the fee's right?? please correct me if iam wrong

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