How long will bitcoin survive? - page 6.

ivanst776

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Quote from: trickshot22 on July 24, 2016, 10:45:37 AM

Quote from: ivanst776 on July 24, 2016, 10:43:00 AM

Quote from: BitAurum on July 16, 2016, 01:57:21 AM

Will bitcoin still be there in 2020 or will some other technology better than bitcoin take over?

As long as people support bitcoin, but and sell it, trade for altcoins and vice versa. Many businesses operate on bitcoin and I don't think that they will bankrupt so easy. On 2020 is the next halving so I believe that until that time the price of bitcoin will be much more than now.

of course people will keep on buying and selling their bitcoins, in my opinion because of that the price of it is going to grow a lot in the near future and survive for centuries

Century has 100 years!! There are other technologies that have their impact on bitcoin indirectly, for example the quantum computers which are very dangerous if they are produced in the next decade, which can bruteforce mostly everything including private keys.

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Quote from: ivanst776 on July 24, 2016, 10:43:00 AM

Quote from: BitAurum on July 16, 2016, 01:57:21 AM

Will bitcoin still be there in 2020 or will some other technology better than bitcoin take over?

As long as people support bitcoin, but and sell it, trade for altcoins and vice versa. Many businesses operate on bitcoin and I don't think that they will bankrupt so easy. On 2020 is the next halving so I believe that until that time the price of bitcoin will be much more than now.

of course people will keep on buying and selling their bitcoins, in my opinion because of that the price of it is going to grow a lot in the near future and survive for centuries

ivanst776

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Quote from: BitAurum on July 16, 2016, 01:57:21 AM

Will bitcoin still be there in 2020 or will some other technology better than bitcoin take over?

As long as people support bitcoin, but and sell it, trade for altcoins and vice versa. Many businesses operate on bitcoin and I don't think that they will bankrupt so easy. On 2020 is the next halving so I believe that until that time the price of bitcoin will be much more than now.

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Quote from: BitAurum on July 23, 2016, 01:22:44 PM

Quote from: Vikingr on July 21, 2016, 03:49:57 PM

Now bitcoin has got its roots firmed in the world financial system, now we cannot think that bitcoin will disappear from among us, now bitcoin is going to become a normal currency of the world. so it will survive for longer.

Once the userbase of bitcoin increases there will also be many challenges that bitcoin will need to overcome before it can become a normal currency.

one important thing is to increase the block size to 2mb as that will be enough for the coming 2 to 4 years. and maybe that the core developers will also release a light weight wallet. and yes, i know there are already light weight wallets from other parties.

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Quote from: BitAurum on July 16, 2016, 01:57:21 AM

Will bitcoin still be there in 2020 or will some other technology better than bitcoin take over?

i am pretty sure that bitcoin will be alive till 2030 at least, because for now there are so many bitcoin users and it's price is pretty large too

Osarman

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i think bitcoin will be more strong and powerful currency in 2020 than other currency and i think bitcoin will be survive always and other technology could not take over bitcoin because bitcoin technology will be more advance and strong in 2020.

BitAurum

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Quote from: Vikingr on July 21, 2016, 03:49:57 PM

Now bitcoin has got its roots firmed in the world financial system, now we cannot think that bitcoin will disappear from among us, now bitcoin is going to become a normal currency of the world. so it will survive for longer.

Once the userbase of bitcoin increases there will also be many challenges that bitcoin will need to overcome before it can become a normal currency.

greatr

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Quote from: altair09 on July 21, 2016, 03:09:46 PM

2020 is not far from now on so i think it will survive till then and much more longer than that.
I just hope i lasts forever.

of course bitcoin will survive till then, in my opinion it will go o n for a couple of centuries because it is a really great technology that people will use

iv4n

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Blockchain is technology and that is new, I don't believe we will see something new in some close period of time. Bitcoin opened a door into something new, and even now we see some altcoins try to find their place on global market. Normally that we will see new things, but btc will be one and only, first of its kind. Anything new that we see, will come from bitcoin idea. Cause of that btc will last much longer then some people think.

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Quote from: HarryKPeters on July 21, 2016, 04:49:20 PM

Quote from: altair09 on July 21, 2016, 03:09:46 PM

2020 is not far from now on so i think it will survive till then and much more longer than that.
I just hope i lasts forever.

Forever is not possible, but it should be able to exist at least for a few decades. Till then many altcoins will compete but in the end bitcoin will win. Then something completely new will be invented.

There are some altcoins today that hold great promises.

What are the chances of something completely new and better than bitcoin being invented?

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Quote from: altair09 on July 21, 2016, 03:09:46 PM

2020 is not far from now on so i think it will survive till then and much more longer than that.
I just hope i lasts forever.

Forever is not possible, but it should be able to exist at least for a few decades. Till then many altcoins will compete but in the end bitcoin will win. Then something completely new will be invented.

Vikingr

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Now bitcoin has got its roots firmed in the world financial system, now we cannot think that bitcoin will disappear from among us, now bitcoin is going to become a normal currency of the world. so it will survive for longer.

altair09

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2020 is not far from now on so i think it will survive till then and much more longer than that.
I just hope i lasts forever.

Shiver

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If everyone with an interest in the well being of the future of BTC would buy just 1 simple full node such as the one designed by Chris Ellis to run on a Rasberry PI, there'd be a heck of a lot of distribution geographically to keep the network stable (well under $80-90ish I think), even if it didn't contribute a lot in terms of PetaHash/s.

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Future is quite uncertain however within next 4 years i am not seeing any other alts replacing bitcoin. Atleast blockchain tech will now live till humanity however bitcoin can also survive because it can self balance itself even many miners leave and it don't get lot more support.

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bitcoin will continue to survive until 2140 after bitcoin depleted mined. but for a new technology that will compete with bitcoin, did not rule out the possibility of it will occur in the future.

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Quote from: bitlancr on July 21, 2016, 09:33:51 AM

This is a question that nobody is bale to answer because we do not know the answer, many things can happen with Bitcoin in the future.
It can be taken over by a bank it can disappear but it can also be going really good with it.

That's the reality, anything would happen with bitcoin. But the possibility for banking with bitcoin won't happen because the unique decentralization of crypts gets affected. Possibly bitcoin lasts longer as calculated based upon halvings.

bitlancr

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This is a question that nobody is bale to answer because we do not know the answer, many things can happen with Bitcoin in the future.
It can be taken over by a bank it can disappear but it can also be going really good with it.

Amph

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Quote from: trickshot22 on July 16, 2016, 01:13:10 PM

Quote from: White sugar on July 16, 2016, 12:54:56 PM

As long as there is a computer running the protocol, Bitcoin will be alive. Can't see it happening in the next decades.

But the blockchain technology is immortal

so that is something like all the time in the future only when there will be the end of the world bitcoin will stop existing and i think it is a really good thing because bitcoin is great

i can't even understand what the fuck you are trying to say here, but i guess bitcoin is at dangerous if few asic will mine it, so the "as long as there is at least one computer mining it" it's not really synonymous of something good

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Quote from: BitAurum on July 16, 2016, 01:57:21 AM

Will bitcoin still be there in 2020 or will some other technology better than bitcoin take over?

i think 4 years is a very short time for a new technology to take over bitcoin. although i am one of those people who believe that other altcoins have a good chance of growing big and becoming popular like bitcoin but taking over needs bitcoin to be obsolete and the other technology to be super good. so it needs a longer time.

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