Topic: Does Bitcoin have life span? - page 4. (Read 650 times)

Currently Bitcoin is one of the most popular currencies.  Bitcoin is popular all over the world. Bitcoin is currently legalized in many countries around the world. And Bitcoin is more popular in countries where people depend on technology. People in all countries where Bitcoin is legal use Bitcoin instead of their paper money in transactions.  However, many people may wonder that since many cryptocurrency coins have completely disappeared from the market, Bitcoin, like other coins, will also completely disappear from the market. All cryptocurrencies are usually dependent on Bitcoin so if Bitcoin ever disappears then it is unimaginable to have a cryptocurrency market. So I think Bitcoin is a reliable coin

Nothing lasts forever, everything will be replaced as technology evolves, but I believe bitcoin will not be replaced in the near future, that will happen in a few hundred years or maybe even longer. Fiat has been around for hundreds of years, and it took us hundreds of years to create blockchain technology, then I also think it will take hundreds of years before we can make a better technology than bitcoin. So we really don't need to worry too much about bitcoin's lifespan.

Yes true maybe there is more advance technology in the near future but Bitoin still at early stage i think the new technology that replace bitcoin happen in the next decade

but you have good point

It will take generations quantum computers are growing at a very fast rate but 127 qbits is only what we have it is unimaginable that we would jump millions of qbits in a few generations it will probably be at least a century and will probably be multiple. I can not be sure but I do not think we have to worry about it in our life time. btc can adapt by changing to and there is no reason why we cannot hard fork and change the way public keys are displayed and change algorithms.

If we look at the stats available quantum computers went up very quick a few years ago and there are some quantum computers which have higher qbits but they are not the right quantum computers to challenge the btc algorithm. Quantum computers are not like personal computers they are created with 1 task in mind and are only made for that task but are very efficient at it. None of the quantum computers that are capable of breaking the algorithm are making great progress and because this particular quantum computer is harder it will be slower then other developments in quantum computing which means we will have a lot of time and will have a advanced warning before it happens.

Absolutely, bitcoin is beyond comprehension and has shown every sign of it's durability and longevity. Bitcoin came at the right time when the world economy needed rescue from the powers that be and fortunately, Satoshi Nakamoto deed the needful by inventing bitcoin and since then bitcoin has passed through phases, becoming more relevant as time passes by.  More value added to the chain as it is being recognized as the first digital currency to have existed courtesy Satoshi Nakamoto invention. Talking about life span, I really do not think bitcoin is still at that stage and for your information, bitcoin has already created a niche for itself so the talk of life span is an understatement to the existence of bitcoin. As the first digital currency to have existed, it is otherwise now termed and tagged the digital gold.

Bitcoin is going to exist as long as there is the internet because Bitcoin is the internet of money in this modern era, Bitcoin has existed for over a decade now and with the level of adoptions and public awareness and continued persistence in building new milestones and price benchmark at regular intervals it then makes sense to say bitcoin does not have short life Spain just like some altcoins are doing.
-unlike Bitcoin,  Bitcoin have continues to break new heights and ground at regular intervals and daily basis, but then we must know that Bitcoin is here for a lifetime. Ewe

The future is not only determined by the community and its users, but adoption and legality are good to be expected to help bitcoin and other crypto achieve a successful transition as an alternative currency or means of payment instead of just fiat.

Bitcoin has entered a new chapter as several countries have declared its adoption as a legal currency. While bitcoin continues to grow and gain many uses that are increasingly being exploited by its users ^{[especially its use cases]} so the future is determined from here. Government support is urgently needed, but at the same time bitcoin or other crypto users are increasingly centralized due to regulation.

Yes, that's a well-articulated viewpoint. Bitcoin, like any other technology, faces various challenges and uncertainties in the future. However, its longevity ultimately depends on several factors such as community support, technological advancements, and regulatory developments.

The open-source nature of Bitcoin gives it a certain level of adaptability, which could help it survive and evolve in the long run. Additionally, its decentralized nature and the presence of a strong and active community provide resilience against potential threats.

However, it's also true that newer and more advanced technologies could emerge that might surpass the capabilities of the Blockchain technology underlying Bitcoin. In such a scenario, the future of Bitcoin would depend on its ability to adapt and evolve to remain relevant.

In conclusion, while there are no guarantees in the world of cryptocurrencies, Bitcoin's future looks promising as long as it continues to receive support from its community and remains adaptable to new technologies and developments.

Everything in this world has a lifespan. After all, nothing is guaranteed to last forever. While Bitcoin has been doing well 14 years since its inception, it could die for unknown reasons in the future. PoW mining won't stop until all coins are mined by 2100, so there's no need to worry about BTC becoming "extinct" during our lifetimes.

If a better technology than Blockchain comes up before that, then it would be another story. Yet, Bitcoin is open source, so developers could easily adapt to the new tech if they want to. Bitcoin could be an "immortal" cryptocurrency, if that happens. How long will BTC last greatly depends on community support. As long as decentralization is preserved, nothing else matters. Just my opinion

I don't think bitcoin will go away someday, I mean, in the next few decades, that means bitcoin will outlive us a lot, so there is no need to worry too much about that. I believe bitcoin will survive and grow even more in the coming years because of what it is creating and people are slowly getting its value. Once the demand for bitcoin soars, it is nearly impossible to die or disappear.

Bitcoin will only be gone if this technology will shut down otherwise, it will just remain on the chain. Worst case scenarios are; all countries would ban usage of this digital currency or a war would start which will make ny currency having no values at all. But still, eitherway, Bitcoin will still exist if not on the wallet, it would be on blockchain space. Its market price is dependent with the demand it is getting from community of users therefore, that would also be the only factor to highly affect its 'existence'. Given that this technology runs in online platform, it is hard imagining that it will just be gone in an instant.

Bitcoin has a lifespan, bitcoin will last until another technology takes its place. The world is still evolving, so it is very likely that in the future, there will be a technology that creates another asset class superior to bitcoin. Similarly, none of us ever thought that fiat would go away, but looking at the birth of bitcoin and the development of digital money, fiat being replaced is only a matter of time. It may not be bitcoin, it may be CBDC or another digital currency. The lifespan of Bitcoin will depend on human needs and technology development.

Bitcoin is completely backed by technology. When something developed with better technology than bitcoin, then bitcoin's survival might come to an end. But, for now there is no such technology and even the super computer doesn't have the capability to break the network of bitcoin. The record breaking quantum computer have got just 127 qbits which isn't enough. It requires qbits in millions to break bitcoin which could take generations or even centuries.

Bitcoin will continue in the future mate, let me say bitcoin is just slowly moving to some place because of some local geographic area, bitcoin has a bright future ahead that will not be imagined because many youth are now who are deeply enlightened and also know about technology and also know about bitcoin, you can see that people are joining the forum day by day just in the name of bitcoin and to know much about bitcoin, so my opinion is that bitcoin will exist in the future without no doubt about it.

You are asking a question for which there is no answer, taking into account what I know about bitcoin I would speculate that it is going to last for a very long time, way longer than my own lifespan, but this is still just a speculation as we have no idea what it may happen on the future.

It is up to you if you want to take the risk of investing in bitcoin or not, but before you do that I would recommend that you investigate more about it as there are several basic mistakes on your post.

Yes, they all have a lifespan, but how long it lasts, no one knows. If in the future there is no superior coin or bitcoin remains unbreakable by advanced technology, it still exists. Like fiat money, it has been around for hundreds of years, but with today's technology, cryptocurrency is taking the throne, and the lifespan of fiat money is slowly running out. Bitcoin will last until the world creates a new currency better than bitcoin.

I am just impressed how this is completely contradictory. Technically this is wrong statement if you are talking about the bitcoin existence on the network.
As you know bitcoin is sort of "vehicle" which has value and it runs on the "highway" that is blockchain. However every time a vehicle runs on this highway it will embed it's footprint in the form of "data" which is added to the ledger and stored "permanently".

Gold as digital currency? Something must be wrong in your understanding. Gold is physical asset with face value and Bitcoin is mostly referred to as digital gold. Though this is just said now and then to show that is is modern era Gold and valuable.


Let us understand one easy stuff, how bitcoin works in layman language? Well there are specialized CPU's who usage their programing power to solve an equation which gives confirmation for existence of the transferred bitcoin. With the time this equation is getting far more difficult and thus emission of new bitcoins is slowed with the time. Thus last ever bitcoin that will be mined is in the year 2140. So more than 100 years to go for it. By that time we will have around 21 million bitcoins in circulation and enough face value to adopt and use it everywhere. It's on going process, there is no limit until when it can last.

The lifespan of bitcoin is the same as the value of bitcoin, I think it all depends on our needs. If people no longer need it, then people stop trading, stop holding and stop mining then it will be death for bitcoin as well as any asset. What is created by man, man is the one who decides their fate. But I think it can last longer than we think, look at fiat, gold has also been around for thousands of years, while bitcoin is absolutely superior, there is no reason why it should have a shorter lifespan.

You need to see the bigger picture first at least you need to look at how bitcoin work in the past 10+ years. The price against inflation is might be one indication that bitcoin not gonna ending or in your case a "life span", and I see more and more people joining the crypto space.

People come and go and there is who stays. The biggest institutions start to look up and they don't want to lose this train.

More and more country start to regulate meaning can be an indication that people start to see it.

TLDR (No, bitcoin doesnt have the life span)

As long as more people continue to believe that Bitcoin has value, this currency will continue to exist for quite some time.
Deep technical defects and failures are what will make Bitcoin worthless, something that would have happened in the early days, but now the network is much stronger than collapsing due to technical defects.

An international consensus remains on banning it, which is possible, but it will not make its value zero, but rather very low.