In what situation would Bitcoin die? - page 48.

Theb

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Quote from: loopes on August 28, 2017, 11:46:24 PM

Quote from: lixer on August 27, 2017, 02:25:13 AM

Quote from: Remainder on August 23, 2017, 08:05:04 PM

Quote from: lepbagong on August 23, 2017, 04:49:42 PM

What is certain when all is not willing to talk, search and trade bitcoin, but is it possible that it happened? It seems impossible, because every day many need bitcoin for any purposes and needs.
So when will it happen? Still a dream only.

It will happen only if there is totally internet shutdown all over the world or there is another world war!! but for now it just lucky guest! now one know if that possible to happen but before that to happen be sure to save or transfer that bitcoin to real fiat.

How can a world war eradicate bitcoins from the face of the Earth? First of all, no such thing like world war would happen. I would suggest you reading about UNO and all that stuff. Secondly, even if war breaks out, officials are not gonna post letter to our homes before the war so there will be no time for collecting money. However, Internet would not die in any case, not even in the war so bitcoins will survive.

world war is not match answer regarding questions above, because world war is would not disturbs accessibility of bitcoin. maybe when world war breaks out there is possible to block access Internet of foe country's but it just regionally whole world else still can access Internet

Technically what he said about thw world war is probable. Because when there is a world war the most important asset is not money but food and water anything without value to them such as Bitcoin (which wi be useless in war) will not have any value when you want to purchase food and water, thats if you can even use your Bitcoin when it is time for War. I don't think internet will be accessible to the product for the national security.

loopes

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Quote from: lixer on August 27, 2017, 02:25:13 AM

Quote from: Remainder on August 23, 2017, 08:05:04 PM

Quote from: lepbagong on August 23, 2017, 04:49:42 PM

What is certain when all is not willing to talk, search and trade bitcoin, but is it possible that it happened? It seems impossible, because every day many need bitcoin for any purposes and needs.
So when will it happen? Still a dream only.

It will happen only if there is totally internet shutdown all over the world or there is another world war!! but for now it just lucky guest! now one know if that possible to happen but before that to happen be sure to save or transfer that bitcoin to real fiat.

How can a world war eradicate bitcoins from the face of the Earth? First of all, no such thing like world war would happen. I would suggest you reading about UNO and all that stuff. Secondly, even if war breaks out, officials are not gonna post letter to our homes before the war so there will be no time for collecting money. However, Internet would not die in any case, not even in the war so bitcoins will survive.

world war is not match answer regarding questions above, because world war is would not disturbs accessibility of bitcoin. maybe when world war breaks out there is possible to block access Internet of foe country's but it just regionally whole world else still can access Internet

jackky

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People stop using internet , people stop using or mining bitcoin ! Therefore byebye bitcoin ! But none of them exist Wink

FrozenByte

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If there was some other crypto currency that was so popular that it takes people's attention away from Bitcoin. That might be a way that it dies.

Netnox

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Quote from: ?? on ??

If someone were to control 60% of the hash power and deliberately sabotage transactions i.e double spending , slower confirmation and higher transaction fee, people will lose trust in the system. Bitcoin has value because the people using it believe it has...like in a regular currency, it is backed by the economy of the country that issues it hence the people trust and use it same with bitcoin, without the backing of its users it would lose popularity and fall.

Achieving 51% hash power will be extremely difficult. And maintaining this hash power for longer duration would be even more difficult. And even if someone succeeds in doing that, what makes you think that he will do something that can reduce the value of Bitcoin to zero?

lixer

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Quote from: Remainder on August 23, 2017, 08:05:04 PM

Quote from: lepbagong on August 23, 2017, 04:49:42 PM

What is certain when all is not willing to talk, search and trade bitcoin, but is it possible that it happened? It seems impossible, because every day many need bitcoin for any purposes and needs.
So when will it happen? Still a dream only.

It will happen only if there is totally internet shutdown all over the world or there is another world war!! but for now it just lucky guest! now one know if that possible to happen but before that to happen be sure to save or transfer that bitcoin to real fiat.

How can a world war eradicate bitcoins from the face of the Earth? First of all, no such thing like world war would happen. I would suggest you reading about UNO and all that stuff. Secondly, even if war breaks out, officials are not gonna post letter to our homes before the war so there will be no time for collecting money. However, Internet would not die in any case, not even in the war so bitcoins will survive.

Kevondo

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Quote from: sumangs on August 25, 2017, 08:55:05 AM

This maybe apply to altcoins but in bitcoin isn't. Since it is the person's choice if he/she going to use bitcoin. As long someone use or investing on bitcoins, it wouldn't die. Also, bitcoin will going to adopt the market system in the future making it hard to die.

well said bitcoin is at the stage of growing and it too young yet so I think it is the time to grow for bitcoin but not to die and something dies when it stop breathing but bitcoin is still breathing through the investment of the investors and the participants of the bitcoin forum so how can it die so early bitcoin will grow and it will never stop growing till the end of the world because it is the ray of hope for thousands of the people.

Polonium

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PITCH – THE FUTURE OF OPPORTUNITY

Bitcoin will die along with other crytocurrencies when the government decides to regulate it, if this happens, there will be more requirements that we all need to adhere before we can do purchase, also transaction fees may substantially increase due to taxes and processing. This will effect into people having more difficulty in their transactions and may lose faith to bitcoin causing it to loose value.

just_Alice

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Quote from: Oxydarck on August 23, 2017, 04:15:14 PM

I guess bitcoin die if there's a new currency better than bitcoin and be famous on a short perioud but in my mind bitcoin won't die because a lot of people predict on him .

Bitcoin will not die in the case you've described. If there's a new currency which is better than bitcoin can coexist with it. Look how many different cryptos around and all of them coexist, no one dies except for the really bad ones.

Basmic

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Bitcoin will die if the government will be able to legalize it. Once the transaction with bitcoins will track government and tax, he will turn into a normal currency, and will lose attractiveness. Over time, you may even get so to mine bitcoins will be unprofitable occupation, and bitcoin will die.

Arvz

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Bitcoin will eventually die, if something new comes up better. If Bitcoin don't improve their values, it will die. Some people finds bitcoin hard to earn. They say, earning money using bitcoin is slow. If the amount of people that uses bitcoin are small, that may cause the bitcoin to sink to the bottom of crypto currency.

filharvey

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Quote from: geschtonkenflapped on February 09, 2017, 11:14:05 AM

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

Bitcoin has successfully overcome lots of critical issues.Bitcoin is getting more popular and its getting legalized in many countries one by one.So bitcoin would not die due to value decrease.Neither it would face any legality issues since it has already been legalized in japan and soon it is to be legalized in south korea and india.But,in the future,when quantum computing would be introduced,it is said that it could read its cryptography and so it could easily know the private key making bitcoins security to be compromised.But lots of cryptographers are working now itself to solve this issue.

ict

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Quote from: geschtonkenflapped on February 09, 2017, 11:14:05 AM

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

when people are not interest about this coin, when other coin more awesome than this coin. bitcoin die, and other coin will replace this place. but i think its insane to replace bitcoin place. and if bitcoin die, other coin price will not be rival of this coin.

sumangs

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This maybe apply to altcoins but in bitcoin isn't. Since it is the person's choice if he/she going to use bitcoin. As long someone use or investing on bitcoins, it wouldn't die. Also, bitcoin will going to adopt the market system in the future making it hard to die.

annbagira

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Quote from: geschtonkenflapped on February 09, 2017, 11:14:05 AM

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

If this will be illegal in whole world and people cannot get cash

Mpamaegbu

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Once a man, twice a child!

Quote from: dynospytan on August 25, 2017, 08:08:35 AM

I think bitcoin will die if they shutdown the internet. We all know that bitcoin is a digital cryptocurrency and you can just earn it htrough online. So if there's no internet, bitcoin will not exist anymore unless if there is a physical / tangible bitcoin.

You and I know that such a situation you painted will never exist. The Internet has now become a strategic part of this earth. I can't really speak for the other planets. Nothing happens now that involves finances without the involvement of the Internet, be it banking, supply and purchase, communication, aviation, just name it. So, except there's a total annihilation of this earth, the Internet will continue to be useful to man. And if the Internet still exists virtual currencies or cryptos will remain relevant.

Fatemablabla

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I'm Matured Now

It will only happen when the internet system of whole world goes down.otherwise i dnt think even world war 3 would be strong enough to kill this kind of a powerful thing such as bitcoin.

rizkyhiw

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Quote from: lousie9 on August 25, 2017, 05:36:04 AM

Bitcoin will die if the superpower states issues an order to make illegal bitcoins and should not be done for various business activities. This will invite a substantial reduction in the volume of bitcoin because the SEC and other economic security agencies will try to clean it thoroughly. Bitcoin will be considered a destroyer of the global economy.

No , it won't affected on bitcoin usage around the world ,
It's decentralized and noone could be able make a rule , the power of "us" is real here ,
As long as bitcoin itself did not harm , why the other who did not agree with bitcoin should be bothered?
So far i can't really see that signal , not even a little.

Scorpion

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Bitcoin OG

If there is a World War III and a nuclear winter that takes out our grid and internet, even that is going to be hard to take down Bitcoin because of Bitcoin Core releases a satellite so that you don't even need the internet to use Bitcoin. We're moving fast into the future can't you tell.

melted349

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Quote from: shone08 on August 25, 2017, 04:45:26 AM

Quote from: Remainder on August 23, 2017, 08:05:04 PM

Quote from: lepbagong on August 23, 2017, 04:49:42 PM

What is certain when all is not willing to talk, search and trade bitcoin, but is it possible that it happened? It seems impossible, because every day many need bitcoin for any purposes and needs.
So when will it happen? Still a dream only.

It will happen only if there is totally internet shutdown all over the world or there is another world war!! but for now it just lucky guest! now one know if that possible to happen but before that to happen be sure to save or transfer that bitcoin to real fiat.

You have a point and good idea I respect your opinion but it is impossible to shutdown the internet all over the world. For me the only way that Bitcoin could actually die would be if nobody was willing to operate the mining infrastructure or if nobody could believe in Bitcoin potential.
But now bitcoin still alive and continue to spread in the whole world Cheesy

Not only the bitcoin would be affected if that can happen so they will never do that if they want to dir bitcoin most probably they will ban it a powerful man only can do that so as of now i think it would never be happen bitcoin would never be go for that way as it can be die cause as i can see as the technology goes in demand they will push this an online money. Most compatible the way it works .

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