Topic: In what situation would Bitcoin die? - page 109. (Read 101822 times)
Bitcoin would die if there would be some technology making it obsolete or some other altcoin that is so superior that takes place of btc. I dont see any way that Bitcoin can die.
Bitcoin would die if theres no already users on it because theres no demand then bitcoin would be useless because no one would like to buy it which means no value.We are just talking on the possibilities relating to circulation but speaking on technical if theres no internet then bitcoin cant circulate.
Bitcoin would die if the price would drop, but for not it is unlikely to happen and I think that the demand will increase more and more as time is passing. I think that bitcoin could actually dies if nobody wants or is willing to do the mining infrastructure but it is a long long way off and the possibility of having a high transaction cost could lead to disappointments and decrease the demand. But as I can see for now, 
I think there are two ways Bitcoin could die:
1) Bitcoin could fail to get widespread adoption and acceptance by merchants, users, or investors so the demand could drop and then the value would drop.
2) Governments could ban Bitcoin or regulate it to the point that no one wants to use it any more.
adoption failure might happened , i just can't see the sign of it right now as everything so far run so good . a lot of new merchants popping up to accept bitcoin. and for the second reason i think there a lot of super power country like china and russia who has been ever banned bitcoin but the effort to prevent people to use bitcoin even makes the bitcoin adopter much more than before they ban bitcoin. 1) Bitcoin could fail to get widespread adoption and acceptance by merchants, users, or investors so the demand could drop and then the value would drop.
There were already some cryptocurrencies (very small altcoins) that "died" - that means, the blockchain doesn't grow anymore because there are no users (=users with running full nodes). Example: TGCoin.
That would be the most probable scenario for a "dead Bitcoin", too. No demand, no users, no transactions. The "why" question would not be that relevant - it could be a better cryptocurrency or - a bit sci-fi - less need to use money for everyday life, or a much better technology than cryptos (e.g. a kind of artificial intelligence which manages our needs). It would not be dramatic, just boring - "the last Bitcoiner" will power off the light, most probably without anyone noticing it.
Another scenario would be a severe software bug. That could be much more dramatic, because it's very probable that there would be still people trying to use it. Although in this case if the bug can be solved, the blockchain can be started again, although there would be, for sure, a big price crash. This also already occured in some altcoins (e.g. Slimcoin).
That would be the most probable scenario for a "dead Bitcoin", too. No demand, no users, no transactions. The "why" question would not be that relevant - it could be a better cryptocurrency or - a bit sci-fi - less need to use money for everyday life, or a much better technology than cryptos (e.g. a kind of artificial intelligence which manages our needs). It would not be dramatic, just boring - "the last Bitcoiner" will power off the light, most probably without anyone noticing it.
Another scenario would be a severe software bug. That could be much more dramatic, because it's very probable that there would be still people trying to use it. Although in this case if the bug can be solved, the blockchain can be started again, although there would be, for sure, a big price crash. This also already occured in some altcoins (e.g. Slimcoin).
I think bitcoin will die in the way that there is no people that using it. No one is saving it because of its low value. If bitcoin value will fall because of some instances it will have a big impact on it. People will fall down and their bussiess as well will fall. People that are rich when it comes to bitcoin will now get poor and people that has no bussiness will work hard for their family in order to earn for their everyday need. In other words, bitcoin will die if it's value will fall down and people will stop using it and it will cause some instances that will make a certain person poor and not to sustain their everyday need.
Bitcoin would die if theres no already users on it because theres no demand then bitcoin would be useless because no one would like to buy it which means no value.We are just talking on the possibilities relating to circulation but speaking on technical if theres no internet then bitcoin cant circulate.
This may occur if the security and the fee drops so unbearably, and this condition is very much under control since the transaction is global.
Security reason it might be but for the fee reason it won't die and all because it price value is higher than any money. Its been healthy time bitcoin many adoption and business implementation are going in block chain technology.therefore, price is also reaching to moon.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin would die only if the price value will down to zero, then the users of bitcoin will disappear in this industry. Morever, the big investors who invested big in bitcoin will leave this place can be one of the reason of destroying bitcoin. And lastly, if the internet will be destroy the technology too are also gonna die.
I think bitcoin will die if lack of supply and demands. If no one already will use or will stop using bitcoin. The other way I think is bitcoin will permanently be banned by the government. These are the reason or cause I think bitcoin would dies.
Nope, next world of war, no electricity, no internet, and no bitcoin. But the banning by government can't be a strong reason. In 2014 Russian already banned bitcoin but it seems like to be a successful decision by them. 
This may occur if the security and the fee drops so unbearably, and this condition is very much under control since the transaction is global.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
It is very difficult to imagine a scenario where bitcoin dies, what could happen is that the people lose interest in the technology, maybe a flaw is found in the code or the concept of the currency itself, bitcoin could be banned around the world or maybe another coin with better technology comes along. How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
How about you, do you have any idea why bitcoin will gonna die? I'll just turn it back to you the question, obviously the value of bitcoin so far is really getting higher which is showing the condition of bitcoin very smooth good. and going back to the question bitcoin will disappear when all bitcoin users and all traders in the exchange sites will leave this industry.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
When the centralization in all countries will be implement or apply that could be the of end of bitcoin, meaning bitcoin will become centralized, and regulated and the definition of bitcoin as decentralized is no longer useful anymore. That is doom to us if that happens, but it won't of course in real life.
It could be the black guy in a horror movie, or wear a red shirt in a Star Trek episode?
Those seem like the two most likely scenarios where bitcoin could die.
Those seem like the two most likely scenarios where bitcoin could die.
I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.
Banning Bitcoin won't kill it inmy opinion. It maybe supressed but it will not die, there will always be someone using it even if the government start tracking down users.
The only thing that I think will kill bitcoin is when the demand dies out. No one will support a network that will not incentivise a person.
There is already countries that banned bitcoin. I think it is still banned in that country until now. Though I agree that banning Bitcoin will suppressed the users but it won't kill Bitcoin. the best would be tracking and shutting down miners to make the transaction confirmation stop. And all those who transact with it get an unsolved problem and look for alternative.
The only way Bitcoin will ever die is if the internet dies or when the worth drops to zero. I don't think that the internet will die because it is something almost everyone uses en need.
And also that the worth of the Bitcoin will drop to zero because it is being used by more people each day.
you are right when internet dies then bitcoin will be die but it really impossible and internet would be never die and bitcoin is depend on internet and there a lot of users of bitcoin and more people adopting bitcoin.And also that the worth of the Bitcoin will drop to zero because it is being used by more people each day.
I dont agree with your point of Internet cannot die, what if all the servers are got crashed due to some natural calamities then what can you do, Their is always possibilities of 1% chance of anything can happen, Bitcoin relies on Internet and what if Internet got crashed due to natural calamities like their is full of unnatural floods, earth quakes nothing can stop it.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
When the centralization in all countries will be implement or apply that could be the of end of bitcoin, meaning bitcoin will become centralized, and regulated and the definition of bitcoin as decentralized is no longer useful anymore. That is doom to us if that happens, but it won't of course in real life. 
I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.
Banning Bitcoin won't kill it inmy opinion. It maybe supressed but it will not die, there will always be someone using it even if the government start tracking down users.
The only thing that I think will kill bitcoin is when the demand dies out. No one will support a network that will not incentivise a person.
The only way Bitcoin will ever die is if the internet dies or when the worth drops to zero. I don't think that the internet will die because it is something almost everyone uses en need.
And also that the worth of the Bitcoin will drop to zero because it is being used by more people each day.
you are right when internet dies then bitcoin will be die but it really impossible and internet would be never die and bitcoin is depend on internet and there a lot of users of bitcoin and more people adopting bitcoin.And also that the worth of the Bitcoin will drop to zero because it is being used by more people each day.
I dont agree with your point of Internet cannot die, what if all the servers are got crashed due to some natural calamities then what can you do, Their is always possibilities of 1% chance of anything can happen, Bitcoin relies on Internet and what if Internet got crashed due to natural calamities like their is full of unnatural floods, earth quakes nothing can stop it.
I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.
Banning Bitcoin won't kill it inmy opinion. It maybe supressed but it will not die, there will always be someone using it even if the government start tracking down users.
The only thing that I think will kill bitcoin is when the demand dies out. No one will support a network that will not incentivise a person.
I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.
additionally also when users have started to leave bitcoin bitcoin, and switch to other alternatives as a means of payment.
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