Author

Topic: In what situation would Bitcoin die? - page 102. (Read 101822 times)

hero member
Activity: 854
Merit: 500
March 15, 2017, 08:53:04 AM
if all goverment from around the world is banned btc , mostly impossible
Can you deny the fact that there are millions of drug addicts still living their lives in drugs in spite of the worldwide ban on these illegal substances? So illegalising bitcoin won't make bitcoin less used and eventually die out. From my perspective, bitcoin won't disappear that fast and if it did, it would be because a more advanced technology has taken bitcoin's place.
newbie
Activity: 31
Merit: 0
March 15, 2017, 07:43:50 AM
This is a good read Smiley
Therefore I conclude, Bitcoin is far from dead.
Thank you for the confirmation
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
March 15, 2017, 07:08:25 AM
if all goverment from around the world is banned btc , mostly impossible
they say there are still alternative ways on how to use it but what if governments focus on it and really serious on banning btc, and prohibits it strictly like war on drugs in a country. So the use of it will be limited and no one will expose it publicly such as in social media.

It is not just about drugs to where bitcoin is being used. There is a lot more. Banning transaction that are dealing with bitcoin and another illegal item or activity wont really help. It will still go on in cash. They wont even minimize it because not everyone is using bitcoin.
Being forgotten will only be the reason for it to "die" (in OP's definition).
hero member
Activity: 2464
Merit: 594
March 15, 2017, 07:04:13 AM
if all goverment from around the world is banned btc , mostly impossible
they say there are still alternative ways on how to use it but what if governments focus on it and really serious on banning btc, and prohibits it strictly like war on drugs in a country. So the use of it will be limited and no one will expose it publicly such as in social media.
member
Activity: 116
Merit: 10
March 15, 2017, 06:56:55 AM
if all goverment from around the world is banned btc , mostly impossible
sr. member
Activity: 476
Merit: 250
March 15, 2017, 06:36:56 AM
I think there is just a small chance that bitcoin would die. Maybe in the future, bitcoin will face some kind of technical issues that will questiond its credibility but i dont think it will vanish. But anything can happen you know like worldwide natural phenomenon that will lead the uselessness of bitcoin.
this time even if the problem is coming as the length of time the confirmation, the greater the fee, etc, if the problem is not addressed will certainly impact bad for the future of bitcoin and the life of bitcoin itself
newbie
Activity: 55
Merit: 0
March 15, 2017, 06:09:42 AM
the time is now to buy and save, cause i think this:
The price will not be cheaper, if we guard something The market will always have some, which prevents bitcoin from dying
newbie
Activity: 55
Merit: 0
March 15, 2017, 05:58:13 AM

I mean, I believe that soon the values ​​will not be more accessible to everyone, think how you valued since its inception, it will be a goldmine
member
Activity: 125
Merit: 10
March 14, 2017, 08:54:41 PM

But I think bitcoin soon will not be able to be buyer by anyone
i agree,of course bitcoin will die and cannot traded anymore,its happen when something new and bigger comeout,and its better than bitcoin,maybe less fee or faster transaction. bu no one can predict when the bitcoin will die.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
March 14, 2017, 08:43:39 PM
There are many different situations and aspects for bitcpin to die. First one when all bitcoins are mined :

I don't think when all bitcoins has been mined it's the end of bitcoin or it will die soon. The cycle will keep on going and bitcoin isn't going to die that way. Total amount of quantity of bitcoin will have a divide portion for the pricing of it and it will be distributed.

Now we all know bitcoin has a supply limit so after all bitcoins are mined people will start selling their coins as price growth will be low and mostly by 2060 it will be over.
Other thing that can happen is countries banning the use of bitcoin or actually holding any coins or in online wallets.

I agree with the banning, it can be dead on that particular country but not for the whole bitcoin economy.
legendary
Activity: 1190
Merit: 1000
Look ARROUND!
March 14, 2017, 08:34:58 PM
If there was a Solar flare or some sort that damaged the communications of the technology within earth then the whole cryptocurrency thing will be useless. I think if that happens then computers and Bitcoins will be just a thing of the past and the people of the next generation won't know what Bitcoin was. Since this is only a guess there wouldn't be anyone friendly to talk to in that setting I would think because people would be trying to do some disturbing things against each other to survive.
sr. member
Activity: 364
Merit: 250
March 14, 2017, 08:02:38 PM
I think there is just a small chance that bitcoin would die. Maybe in the future, bitcoin will face some kind of technical issues that will questiond its credibility but i dont think it will vanish. But anything can happen you know like worldwide natural phenomenon that will lead the uselessness of bitcoin.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
March 14, 2017, 07:31:14 PM
quantum computers mean death of crypto/btc  Grin

I saw this several times, what "quantum computers" means exactly? And how that can be the end of the blockchain? I will search for answers, but I would like to here what community have to say about it.
Bitcoin will not die anytime soon, I doubt that whole world can stay without electricity, fee's are not the same for every wallet, waiting for transaction to confirm will be solved, so I don't see any good reason for bitcoin to die.
https://en.wikipedia.org/wiki/Quantum_computing
In some theorys, the quantum computing will be threatened bitcoin because he can break the algorithm such as SHA 256 which it is currently used by bitcoin.

looks like the quantum computing still on the theory.
hero member
Activity: 700
Merit: 500
March 14, 2017, 06:49:43 PM
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

Another crypto overtaking its market cap
That would be the most probable scenario for a "dead Bitcoin", too. No demand, no users, no transactions. Everyone does not use it, it seems impossible. The current deal is unstoppable。The only possibility is that later can not solve the problem of congestion.By that time, it is really dead。
legendary
Activity: 1442
Merit: 1008
March 14, 2017, 06:33:47 PM
There are many different situations and aspects for bitcpin to die. First one when all bitcoins are mined : Now we all know bitcoin has a supply limit so after all bitcoins are mined people will start selling their coins as price growth will be low and mostly by 2060 it will be over.
Other thing that can happen is countries banning the use of bitcoin or actually holding any coins or in online wallets.

i'm not sure with your statement, even though the whole bitcoin has been mined which estimated in the next 100 years not 50 or 40 years. miner would always needed to proccess the transaction , so it's not the reason bitcoin gonna die, things could make bitcoin die and disappear are when there's no interest in bitcoin due too high fee and too long confirmation proccess for example.
hero member
Activity: 672
Merit: 500
March 14, 2017, 05:25:19 PM
There are many different situations and aspects for bitcpin to die. First one when all bitcoins are mined : Now we all know bitcoin has a supply limit so after all bitcoins are mined people will start selling their coins as price growth will be low and mostly by 2060 it will be over.
Other thing that can happen is countries banning the use of bitcoin or actually holding any coins or in online wallets.
newbie
Activity: 40
Merit: 0
March 14, 2017, 05:22:02 PM

But I think bitcoin soon will not be able to be buyer by anyone
Why do you think so? Darknet and betting sites is still around and look at the market cap. Also see the grafs, we are going stronger and stronger brother.

Cheers,
Best Regards,

If miners stop mining there there will be no one to confirm the transasction, all will be unconfirmed and pending then people will start to panic and avoid Bitcoin.  Supporters will then be haters and worst everyone will look at other cryptocurrency that performs better than Bitcoin and leave Bitcoin without support.  So Bitcoin will die if miners stop mining it and make the network idle.
It can still be picked up right? It can be unactive, but not dead?

Best Regards,
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
March 14, 2017, 05:17:22 PM

But I think bitcoin soon will not be able to be buyer by anyone
Why do you think so? Darknet and betting sites is still around and look at the market cap. Also see the grafs, we are going stronger and stronger brother.

Cheers,
Best Regards,

If miners stop mining there there will be no one to confirm the transasction, all will be unconfirmed and pending then people will start to panic and avoid Bitcoin.  Supporters will then be haters and worst everyone will look at other cryptocurrency that performs better than Bitcoin and leave Bitcoin without support.  So Bitcoin will die if miners stop mining it and make the network idle.
newbie
Activity: 40
Merit: 0
March 14, 2017, 05:11:50 PM

But I think bitcoin soon will not be able to be buyer by anyone
Why do you think so? Darknet and betting sites is still around and look at the market cap. Also see the grafs, we are going stronger and stronger brother.

Cheers,
Best Regards,
newbie
Activity: 55
Merit: 0
March 14, 2017, 05:09:18 PM

But I think bitcoin soon will not be able to be buyer by anyone
Jump to: