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Topic: If Bitcoin fails.. - page 2. (Read 9519 times)

legendary
Activity: 1470
Merit: 1004
January 29, 2015, 10:19:42 AM
there were business where billions were invested and they collapse. yes, bitcoin may fail. remember that the whole BTC is based on few fishy exchangers and black market Smiley
legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
January 29, 2015, 10:15:35 AM
goodbye, BitCoin
member
Activity: 71
Merit: 10
January 29, 2015, 09:57:39 AM
Credit cards were first mentioned in a sci-if ish novel written in the late 1800s.  The structure of we all carry in our wallets first appeared in the 1920s.  The first card that could be used with multiple merchants was the Diner's Club.  It is an interesting story that drove the development of that first consolidation.  Like so many things in this world, it took an itch, some passion, and some ingenuity (probably in descending order).  Bitcoin was born of all three of those too but I think the ingenuity part is greater in the Bitcoin story.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
January 29, 2015, 09:26:01 AM
...it will be because at some point, the innovation stopped or otherwise became impossible.

the credit card was invented in the 1950's
65 years later we still have them in our pockets Smiley

i think btc has plenty of innovation and future yet lol Cheesy
this is just the tip of the iceberg......
Those were charge cards. Actual credit cards began in the 60's and didn't gain much traction until the 70's. I tend to think of Bitcoin 2.0 as the next generation of credit cards. Credit is suffering because of security. Bitcoin is a steroid injection for security.

american express was not the  first and they launched theirs in 1958 but whether it was the 50's or 60's makes no differnce
well over half a century later the idea of buying with a plastic card is still realistic

its unimaginable where btc will be in another 50-60+ years and the things you might be able to do with it
the future is bright Smiley ,ignore the FUD spreaders ,theyre only being greedy now because of short positions
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
January 29, 2015, 09:18:39 AM
...it will be because at some point, the innovation stopped or otherwise became impossible.

the credit card was invented in the 1950's
65 years later we still have them in our pockets Smiley

i think btc has plenty of innovation and future yet lol Cheesy
this is just the tip of the iceberg......
Those were charge cards. Actual credit cards began in the 60's and didn't gain much traction until the 70's. I tend to think of Bitcoin 2.0 as the next generation of credit cards. Credit is suffering because of security. Bitcoin is a steroid injection for security.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
January 29, 2015, 08:24:52 AM
#99
...it will be because at some point, the innovation stopped or otherwise became impossible.

the credit card was invented in the 1950's
65 years later we still have them in our pockets Smiley

i think btc has plenty of innovation and future yet lol Cheesy
this is just the tip of the iceberg......
hero member
Activity: 1372
Merit: 783
better everyday ♥
January 29, 2015, 08:17:38 AM
#98
Since, we're still 200+ points above zero, hundreds of millions of money continuously poured in by angel and VC investors, support by the NYSE, new regulated exchanges popping up...

Yea, if Bitcoin fails, it won't be in 2015, that's for sure.  Would take something truly catastrophic.
legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
January 29, 2015, 08:13:45 AM
#97
...it will be because at some point, the innovation stopped or otherwise became impossible.
full member
Activity: 124
Merit: 100
January 29, 2015, 08:06:19 AM
#96
I learned market investments can be crucial :/
sr. member
Activity: 378
Merit: 250
January 29, 2015, 08:02:35 AM
#95
Bitcoin failed. Bitcoin value fell close to zero. Can you imagine this scenario? This scenario may seem unlikely, but it's likely that we have to consider it. A plausible reason for this to happen would be a mistake in the Bitcoin protocol or current cryptographic failure in the future. Of course, in this sad scenario 1 milliBTC is $ 0.
hero member
Activity: 896
Merit: 1000
January 28, 2015, 04:29:28 AM
#94
There is no reasons to it's fail but if it's fail (i don't think so) don't worry.At least learned about movement of basic trading and cryptography from bitcoin.

I will also be proud of being part of greatest monetary experiment.
sr. member
Activity: 406
Merit: 250
AltoCenter.com
January 27, 2015, 03:42:19 PM
#93
There is no reasons to it's fail but if it's fail (i don't think so) don't worry.At least learned about movement of basic trading and cryptography from bitcoin.
legendary
Activity: 1358
Merit: 1014
January 27, 2015, 08:57:11 AM
#92
Bitcoin will not fail. We are on TV. The Winklevis and old money is coming. Brace yourselves.
sr. member
Activity: 252
Merit: 251
Knowledge its everything
January 27, 2015, 08:16:47 AM
#91
IF bitcoin fails i'll wait for Crypto 2.0 Cool
And bitcoin make me learn about economic, trading & cryptography
full member
Activity: 224
Merit: 100
January 27, 2015, 08:05:23 AM
#90
bitcoin is a money, you can buy with bitcoin, so you dont affraid if you have much bitcoin because you can use it an any country :/
Bitcoin is a cryptocurrency, the first. In some countries, Bitcoin are illegal.
More info: https://en.wikipedia.org/wiki/Legality_of_Bitcoin_by_country
newbie
Activity: 28
Merit: 0
January 27, 2015, 07:56:07 AM
#89
Bitcoin will never fail... Smiley
hero member
Activity: 490
Merit: 500
January 27, 2015, 03:41:13 AM
#88
That peer to peer is almost always superior to central systems
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
January 27, 2015, 03:32:43 AM
#87
I learned that no currency, crypto or real, can prevail if people who hold it only want to make some quick money by selling them outat high price. If all people in bitcoin community think it this way, bitcoin is merely a gambling.

 -------------------
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VME team

its already bigger than that .......these pissy  day traders spreading fud will be pushed out soon and market manipulation for the small timers will be a thing of the past ....does gold or silver or anything else  ever fail  just because people are always buying or selling it in the hope of making a profit ?

thats not to say it wont still happen .......but it will take huge amounts of wealth to swing  the price in any direction

the bitcoin network is already the most powerful computer network on the planet ......thats pretty amazing when most people still dont even  know what a bitcoin is

early days yet friend ..........we are strong and getting stronger
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
January 27, 2015, 03:14:19 AM
#86
Even if it fails (which I don't think it will), I'll still be able to walk away with some very basic knowledge economics, trading and cryptography.

What have you learned from Bitcoin?

its 2 damn big to fail now Cheesy
theres too much at stake
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
January 27, 2015, 03:13:01 AM
#85
bitcoin is a money, you can buy with bitcoin, so you dont affraid if you have much bitcoin because you can use it an any country :/
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