Topic: End of Bitcoin? - page 3. (Read 473 times)

After achieving 21 million bitcoins, perhaps bitcoin will disappear. But it's a long way to go. Current bitcoin is developing very strongly. There are a lot of people investing in bitcoin. bitcoin is slowly becoming part of the digital world. So you should invest in bitcoin.

These sort of crimes are obviously unexpected. But we need to understand it that it’s not technology’s fault. Would you blame mainstream currencies if those are used for crimes? And as long as people are exchanging, I don’t see any threat to BTC, let alone the end of it.

As long as there are people playing Bitcoin, there is no failure. Even if the fall is low, as long as you dare to enter, as long as there are dealers, as long as there are people who join the game, there are still earning days. If one falls or throws, there will never be earning days.

Bitcoin will never end. It is too impossible. I know it will never happened. Even bitcoin price always drop, we all know that this issue will never harm or it cannot stop the great use of bitcoin for everyone. Bitcoin is a great opportunity to everyone. It gives such a great freedom and everything that we really needed. Keep trusting and believing. Have patience and learn to manage time. Accept your downfalls for you to trust yourself too and have confidence to take risk for you to trust bitcoin wholely.

I will agrre that bitcoin was transparent at the same time eligible to  spread its grace and keep it more expandable earnings.

Bitcoin never will stop, its just started only.Bitcoin has great future and current market situation now stable and reliable, good time to buy bitcoin.

I think the bitcoin will not end and the article you give me is a lie, I think in the bitcoin there is a certain thing that is not open to the public to join in a project that is pornographic because in bitcoin not only parents,teenagers even children who join bitcoin world,thanks...

Bitcoin is never end. It future digital currency. So bitcoin is reach the all country people for the future saving and invest for future business process. All country people learn more information from bitcoin and improve the knowledge. It reach the county So it easy to exchange any country currency. Coming future bitcoin is accept the all country. If accept the county. Country economy,finance it will be improve. So economy is important of the country. People will be improve country also improve. It connect the other county. So easy to improve you business and any country to start the new business. It will connect the country for the future business growth.

Cryptocurrency. Bitcoin The fact that China has lost (opportunities), then this share will be accepted by the giper big financial operator in front of the Arab Emirates, Saudi Arabia and Qatar.
Its mean very soon btc go up. G20 give green light.

With the current situation, we can see that Bitcoin is a stable currency and has excellent development platforms. I think many countries will accept Bitcoin for domestic and international transactions. But besides that, many people believe that Bitcoin and other currencies may end up unexpectedly, but I think it's impossible.

This is fake news. Bitcoin is transparent therefore only stupid criminals will use it to commit illegal activities. They are leaving a trail of evidence behind. Monero is the choice of criminals nowadays. Since it hides transactions. Do some more research.

I believe that bitcoin will not end, although the  price is not stable, but look at now the price goes up, so meaning theres always be growth for everything, this is just the beginning, just be positive all the time, it doesnt mean if the price is low bitcoin will end, its just the matter of test how big our faith in here, if we dont give up we can see how bitcoin change our lives, i can assure our effort,hardwork will be paid off if.

Its such a shame that some people stoop as low as child porn, and yes,such activities are a mojor threat to BTC, but only if the coin was used to pay for certain services within that sphere.if not then blockchain is an independent technology that should deal with its own problems.

The only way of ensuring such things dont happen again is through regulations, if BTC and Blockchain remain independent then there is nothing that can be done

The public outrage might be "fud". However, I am trying to have reasoned discussion here.

Everyone who says here that it's not threatening bitcoin or that the question is non-sense, please indicate where in the following the reasoning is wrong:

1. Given the blockchain technology, it is currently possible to include illegal material on the blockchain. Yes / no?
2. Once illegal metarial is included on the blockchain and the block has been verified (assume several hundred confirmations), there is no way to change such a block. Yes/ no?
3. Depenent on the illegal material, governments might be more inclined to prosecute (think child pornography, national secrets, organized crime etc.). Yes / no?
4. Every full node will inadvertendly own such illegal material. Yes / no?
5. Owning illegal content is in some instances a criminal offence (e.g. in many countriesyi you can be criminally charged, if you have child pornography on your computer, whether you use is it or not, whether you know about or not). Yes / no?
6. At least in the case of bitcoin, miners and pools are critical to bitcoin and have the full node. Yes / no?
7. If governments want to crack down on owning illegal material, which is part of the blockchain the easiest way would be go to the professional miners and pools and confiscate their material. Yes / no?


If you followed this argument and agree with the statements, then the only conclusion will have to be that bitcoin could be at threat. if you don't agree with one of the statement, I would be curious to understand which one and why.

Death cycle of bitcoin? The recent bitcoin growth, which marked the return of bitcoin?
My answer is yes, when all of bitcoin and altcoin have grown amazingly over the past week, we've figured out that bitcoin is not something that can be erased. an organization or any individual, bitcoin is now absolutely indispensable, now we need to earn a lot of bitcoin and ethereum while others are still scared bitcoin and eth are dying. What a nonsense question!

Agreed. The difference though, is that usually it's the individuals deliberate choice whether they want to own illegal material or not. If the blockchain (any public blockchain, not just bitcoin) contains illegal metarial, people (e.g. miners) might not even be aware they "own" such illegal material and face criminal charges.

The point here is that if governments want to "remove" the illegal content in blockchains the only way is to shut down and confiscate evey full node, which would indirectly kill the blockchain.

Why do we need to blame the technology. Terrorism, momey laundering, child pornography etc. existed before bitcoin does. Also even if you ban bitcoin because of this evil acts will it gurantee that it would stop.

What they need to do is to concentrate on persecuting this criminals.

this is a pretty fucked up thing and it is not new either meaning it didn't happen yesterday. it happened a long time ago, the news is just being spread now because now it is time for FUDing.
and no matter how bad this seems to be like, it is not the end of bitcoin because it is not affecting the functionality of bitcoin and so far nobody has cared about this matter despite its existence.

Has nothing to do with  or economics. Even if bitcoin would be 100k or more, the point is that the blockchain includes illegal material, then those who run full nodes (in particular professional miners) can potentially be prosecuted and shut down.

How are you so naive to think that it cannot hurt bitcoin? If bitcoin opponents (or generally crypto opponents) start including more and more illegal content in the blockchain, how is that not a problem? Governments might not be able to "stop" bitcoin directly, but they can indirectly cut of the life blood of bitcoin.