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Topic: How can Bitcoin fail? - page 4. (Read 3624 times)

newbie
Activity: 43
Merit: 0
February 21, 2015, 06:36:42 PM
#6
Have anyone considered the security of Ethereum?

Think about all the computing power used to power bitcoin, if these miners turned there computing power onto disrupting Ethereum wouldn't that cause a problem?

Bitcoiners will have an incentive to disrupt the Etherum system.

Also, you can get Etherum secured by Bitcoin via counterparty (its a meta-coin not alt-coin)
full member
Activity: 357
Merit: 130
February 21, 2015, 06:06:57 PM
#5
Sorry for my ignorance, but I really don't understand how Bitcoin can fail.
If there is a limit of 21 million Bitcoins that will ever be made won't it just increase as people can't get it anyway else than trading?
From how I see it, the worst thing that can happen is that it gets the same standards as gold.

Please tell me what you think Smiley

Ok, but what if nobody wants it...
sr. member
Activity: 378
Merit: 250
February 21, 2015, 05:58:08 PM
#4
Sorry for my ignorance, but I really don't understand how Bitcoin can fail.
If there is a limit of 21 million Bitcoins that will ever be made won't it just increase as people can't get it anyway else than trading?
From how I see it, the worst thing that can happen is that it gets the same standards as gold.

Please tell me what you think Smiley

We will know only after reaching 2140 . Before that it will not be of that rarity.
full member
Activity: 218
Merit: 102
February 21, 2015, 05:33:22 PM
#3
Price will increase if people do want it and trade/buy it but that's not something certain. If another crypto or technology succeeds instead then BTC could fail of course.
legendary
Activity: 1610
Merit: 1183
February 21, 2015, 05:29:14 PM
#2
I don't really understand your question. 21 million total is not a limit, coins are divisible.
hero member
Activity: 490
Merit: 500
February 21, 2015, 05:24:51 PM
#1
Sorry for my ignorance, but I really don't understand how Bitcoin can fail.
If there is a limit of 21 million Bitcoins that will ever be made won't it just increase as people can't get it anyway else than trading?
From how I see it, the worst thing that can happen is that it gets the same standards as gold.

Please tell me what you think Smiley
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