Does Bitcoin have life span? - page 3.

rodskee

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Quote from: crypticj on February 13, 2023, 10:16:35 PM

As for now, it seems like bitcoin might be timeless. It's only begun it's way to the top and someday might even become a new world currency. So I think we have a pretty good chance that bitcoin will stay with us for a really really long time. And nowadays there are no signals that bitcoin will disappear. Even if it won't become a new world currency, people still will treat it as an asset to invest in.

even if it is not timeless at least we knew that it will stay longer that any one expecting , bitcoin will serve me,my children and theirs meaning it will passed through generations.
and that long time framing is for only one thing , and that is how we must value the existence of this currency .

crypticj

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As for now, it seems like bitcoin might be timeless. It's only begun it's way to the top and someday might even become a new world currency. So I think we have a pretty good chance that bitcoin will stay with us for a really really long time. And nowadays there are no signals that bitcoin will disappear. Even if it won't become a new world currency, people still will treat it as an asset to invest in.

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Quote from: qwertyup23 on February 13, 2023, 06:59:50 PM

Governments from different countries recognized the positive impact of applying cryptocurrencies as an alternative payment- even to the extent of making it as a legal tender in one of the countries globally.

more than the government considers Bitcoin a risky investment asset. not used as legal tender. some countries may have legalized it as a transaction tool. but more countries only regulate Bitcoin ownership, not the use of Bitcoin as a means of transaction. many factors are considered. but with transactions continuing to be made in the market, I doubt Bitcoin will have a short life.
the bitcoin market is built on trust and every year we can see it strengthens. market adoption is very good. it is not easy to control or destroy such beliefs.

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Quote from: MoonOfLife on February 13, 2023, 07:19:21 AM

Yes, bitcoin has a lifespan, but we don't need to worry because I think with increasing demand for bitcoin, the life span can last hundreds of years, and we won't be alive, so there is no need to worry about that. Think how long you live and until you die, how many bitcoins you will have to give to your children, that is what matters.

Truth is, we don't really know about that whether if bitcoin has a lifespan or not and you're right actually that if ever bitcoin has an end in the future, we won't be around that time anymore to witness the bitcoin's tragic end. What's more important is what we have now and in the upcoming years, let's just try to acquire some bitcoins and even altcoins while we can because its future is still promising enough to deny.

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Quote from: Captain Corporate on February 13, 2023, 08:07:04 PM

I disagree that governments are the ones who can keep it alive, its the people. All of the governments on the world could make it illegal, and it could still survive on the dark net, that doesn't mean it will be as high as it is right now, but it can still survive. What lifespan of bitcoin depends on is innovation and improving technologies. Which means that blockchain was a new innovation that didn't existed before, and bitcoin was built upon that, if something even better happens, then lifespan of bitcoin is over. I personally love it so much, but I do look for a day when we have something better and then even better and keep going inventing better stuff.

in the past when quite several countries did not care about Bitcoin. Bitcoin is still able to survive. and now when more countries start to understand the potential of Bitcoin da more and more adoption. what will make Bitcoin die soon?
governments may have to realize, that they can't regulate the Bitcoin market when they don't have large amounts of Bitcoin. what most are doing nowadays is just making FUD and influencing the market. but it won't kill Bitcoin as long as the transaction continues.

Captain Corporate

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I disagree that governments are the ones who can keep it alive, its the people. All of the governments on the world could make it illegal, and it could still survive on the dark net, that doesn't mean it will be as high as it is right now, but it can still survive. What lifespan of bitcoin depends on is innovation and improving technologies. Which means that blockchain was a new innovation that didn't existed before, and bitcoin was built upon that, if something even better happens, then lifespan of bitcoin is over. I personally love it so much, but I do look for a day when we have something better and then even better and keep going inventing better stuff.

qwertyup23

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Quote from: romero121 on February 13, 2023, 06:41:11 PM

Quote from: GideonGono on February 13, 2023, 06:30:56 PM

Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

Bitcoin doesn't have a lifespan, it is just like any other investment or currency, as long as it have a value and have a demand from the market then it would continue to live.
Other crypto or project are considered dead because investors and even their team left their project and it doesn't have a value.

We can't say it doesn't have a lifespan. It gets used until something better reaches the world. For now we won't be able to see an innovation better than bitcoin's blockchain technology. Maybe in the upcoming generation we will come across more innovations as kids are much connected to technology and the same will push them hard to innovate better products. In such scenario the survival turns down and gets limited.

I think its lifespan depends upon its legalization and usage around the world. Basically, its lifespan is completely dependent upon the government's intrusive prohibition where it can anytime declare its illegality, which will definitely affect the number of users around the world.

While it is possible for this to happen, it is highly unlikely given that more countries have started to adopt cryptocurrencies in their financials and economics. Governments from different countries recognized the positive impact of applying cryptocurrencies as an alternative payment- even to the extent of making it as a legal tender in one of the countries globally.

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Quote from: GideonGono on February 13, 2023, 06:30:56 PM

Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

Bitcoin doesn't have a lifespan, it is just like any other investment or currency, as long as it have a value and have a demand from the market then it would continue to live.
Other crypto or project are considered dead because investors and even their team left their project and it doesn't have a value.

We can't say it doesn't have a lifespan. It gets used until something better reaches the world. For now we won't be able to see an innovation better than bitcoin's blockchain technology. Maybe in the upcoming generation we will come across more innovations as kids are much connected to technology and the same will push them hard to innovate better products. In such scenario the survival turns down and gets limited.

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Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

Bitcoin doesn't have a lifespan, it is just like any other investment or currency, as long as it have a value and have a demand from the market then it would continue to live.
Other crypto or project are considered dead because investors and even their team left their project and it doesn't have a value.

humanvelocity

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No as far as I am aware of Bitcoin will exist as long as Blockchain technology exist. Only way Bitcoin could die is if everyone in the world stopped caring about Bitcoin and totally stop using it.

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Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

First off, gold is not a digital currency. Gold isn’t digital as you could literally hold it in your hands. And gold is still with us today and would probably still be with us in a century.
Bitcoin has nothing to do with gold and has no threat to each other existence. That said, I think bitcoin would very much be with us in the future as the full potentials of bitcoin is yet to come to light.
Your topic head asking if bitcoin has a life span.. I think that as long as we use bitcoin for whatever reason, it would always be with us.

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Fiat currencies have existed for many centuries, and gold has been valued for even longer. Everything has some sort of life span, but it can be long enough to neglect that at some point it will end. The world is changing very fast, and it's really hard to predict where it's going. I don't see why Bitcoin wouldn't prosper in the next several decades, but if something major happens like a quantum computing breakthrough or a global crisis which makes widespread usage of the Internet and electricity impossible, then of course Bitcoin will go away along with lots of other things. Digitalization hasn't been going for long enough to see if it's just a phase in humanity's development or a long-term thing. But if the Internet is staying, I think cryptos are staying as well, including Bitcoin.

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Quote from: Jawhead999 on February 13, 2023, 07:36:11 AM

Quote from: MoonOfLife on February 13, 2023, 07:19:21 AM

Yes, bitcoin has a lifespan, but we don't need to worry because I think with increasing demand for bitcoin, the life span can last hundreds of years, and we won't be alive, so there is no need to worry about that. Think how long you live and until you die, how many bitcoins you will have to give to your children, that is what matters.

Bitcoin doesn't have any lifespan, it doesn't like after 100 years later all of Bitcoin will be vanished or destroyed, your Bitcoin always be in your non custodial wallet and there's no way it can be moved if you not create any transaction. 1 BTC = 1 BTC, if we talking about price, then it's a different matter. Even in the future Bitcoin is worth for zero, it's still Bitcoin after all. Actually I think cash do have lifespan because this world is currently shifting to digital technology using e-wallet or e-banking.

It's true, I also don't see bitcoin as a device that has an expiration date, is it a stock, does Amazon, Disney and other stocks have a shelf life? That is not well said, the correct thing is to say that if bitcoin one day will fall to zero and the probabilities are very minimal, almost insignificant of that happening, bitcoin does not depend on third parties or banks, governments, if it is said that bitcoin is the currency of the future, and a currency that is considered to be of the future does not have to expire.

TheGreatPython

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Quote from: michellee on February 13, 2023, 04:49:54 AM

Bitcoin technology will continue into the future and as long as people still trust it and use it, bitcoin will always be there for them. Until now, people still benefit from using bitcoin. They can generate money and they can use it for various things. This is why people are still using bitcoin; if more people are willing to use it, blockchain technology and especially bitcoin, they can make more money in the future. But we also must remember that we don't know what will happen in the future. And as long as we can still get benefits, we can still use them.

For now they still trust it but when there are big difficulties that come in Bitcoin or there are new inventions which can possibly affect the performance of Bitcoin, that can be the time that people will doubt on it. Let's only hope that those negative things won't happen not until Bitcoin hit the most anticipated 1 million dollar mark.

We should only clear that to use Bitcoin is different from investing. When people invest in Bitcoin, they don't use their Bitcoins actively but they just let it sit from their wallets to earn passive returns. To use Bitcoin is when people use it actively for purchasing either offline or online or for sending bitcoins from someone else.

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Bitcoin is a technology which i know quite well that technology can fails when another technology that's advantageous than the existing one is introduce. So from my perspective nobody can predict the life span of Bitcoin, because the existence of Bitcoin can be eradicated when theirs higher technology that's more of preferable than Bitcoin, give a year duration Bitcoin will last, it's just as personal assumptions which any other person can as well portray it's point due to it's understanding.

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Quote from: MoonOfLife on February 13, 2023, 07:19:21 AM

Yes, bitcoin has a lifespan, but we don't need to worry because I think with increasing demand for bitcoin, the life span can last hundreds of years, and we won't be alive, so there is no need to worry about that. Think how long you live and until you die, how many bitcoins you will have to give to your children, that is what matters.

Bitcoin doesn't have any lifespan, it doesn't like after 100 years later all of Bitcoin will be vanished or destroyed, your Bitcoin always be in your non custodial wallet and there's no way it can be moved if you not create any transaction. 1 BTC = 1 BTC, if we talking about price, then it's a different matter. Even in the future Bitcoin is worth for zero, it's still Bitcoin after all. Actually I think cash do have lifespan because this world is currently shifting to digital technology using e-wallet or e-banking.

Easteregg69

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It has. try to use it for alts DCA and then flip. When the scale is in your favor.

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MoonOfLife

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Yes, bitcoin has a lifespan, but we don't need to worry because I think with increasing demand for bitcoin, the life span can last hundreds of years, and we won't be alive, so there is no need to worry about that. Think how long you live and until you die, how many bitcoins you will have to give to your children, that is what matters.

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Bitcoin technology will continue into the future and as long as people still trust it and use it, bitcoin will always be there for them. Until now, people still benefit from using bitcoin. They can generate money and they can use it for various things. This is why people are still using bitcoin; if more people are willing to use it, blockchain technology and especially bitcoin, they can make more money in the future. But we also must remember that we don't know what will happen in the future. And as long as we can still get benefits, we can still use them.

Oasisman

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Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Does Bitcoin have life span?

I'm not quite sure if you mean about Bitcoin lifespan, is it the existence itself or the value Bitcoin today?
Coz when you're asking about Bitcoin's existence, it's surely eternity as long as you don't lose access to your wallet.
While the price of Bitcoin remains uncertain, but for sure it will not die in our current timeline, and also, you don't need to worry about Bitcoin becoming stable or gradually lose value, because probably that'll happen after the last fraction of Bitcoin is mined and again that's not happening in our current timeline.

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