In what situation would Bitcoin die? - page 67.

fabianabank

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Quote from: oktana on June 16, 2017, 09:44:37 AM

Quote from: zulkarnaen on June 16, 2017, 09:32:32 AM

Quote from: DaftAjax on June 16, 2017, 08:09:39 AM

I think the only way that Bitcoin will go die, is when the TOTAL BREAKDOWN happen, and what I mean about this is not just the internet, but every electronically powered devices or machines, all the power lines are cut down and no power at all, world wide. This is what will kill Bitcoin. I know this is a little off topic but you get the idea right?

I agree with you maybe in an emergency maybe bitcoin will die, such as absence of internet connection and dissolution of all power grid due to the terrible factor of natural disaster or because of war.
Because i think as long as things are still running normally then bitcoin will not die, if there is still a stable connection or power grid.

That would be very extreme, a lot of shit would have to be happening to get to that point.

blueangel01

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Quote from: knircky on February 09, 2017, 11:51:28 AM

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?

Another crypto overtaking its market cap

surely there are other crypo arising in other countries. They maybe small right now but who knows one day they will be as big as bitcoin ; if people will lose interest about it; if its not properly introduced to the mass and if hackers will try to get into the system

oktana

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Quote from: zulkarnaen on June 16, 2017, 09:32:32 AM

Quote from: DaftAjax on June 16, 2017, 08:09:39 AM

I think the only way that Bitcoin will go die, is when the TOTAL BREAKDOWN happen, and what I mean about this is not just the internet, but every electronically powered devices or machines, all the power lines are cut down and no power at all, world wide. This is what will kill Bitcoin. I know this is a little off topic but you get the idea right?

I agree with you maybe in an emergency maybe bitcoin will die, such as absence of internet connection and dissolution of all power grid due to the terrible factor of natural disaster or because of war.
Because i think as long as things are still running normally then bitcoin will not die, if there is still a stable connection or power grid.

That's a very extreme reason, not just bitcoin, all the world's currencies will also die, because the currency value is measured from trading volumes that can only be accessed by all countries online. A more logical reason is that bitcoin will die if the level of public confidence declines sharply, this can happen if there is a stronger development innovation of bitcoin, it can occur in fiat, altcoin, and development of other cryptologies on the same front.

Smarty14392

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I dont think bitcould would be banned any far. The only reason for banning bitcoin may be the use of bitcoin on deep we. All the illegal activities and black market marketing are carried out by using bitcoin as a mean of payment. If bitcoin is stopped using there, then bitcoin cant be declared illegal.
But for now according to me, bitcoin cant be banned so you can use bitcoin and other altcoins as you want to. Many people have much money invested in bitcoin so it cant jyst run away

zulkarnaen

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Quote from: DaftAjax on June 16, 2017, 08:09:39 AM

I think the only way that Bitcoin will go die, is when the TOTAL BREAKDOWN happen, and what I mean about this is not just the internet, but every electronically powered devices or machines, all the power lines are cut down and no power at all, world wide. This is what will kill Bitcoin. I know this is a little off topic but you get the idea right?

I agree with you maybe in an emergency maybe bitcoin will die, such as absence of internet connection and dissolution of all power grid due to the terrible factor of natural disaster or because of war.
Because i think as long as things are still running normally then bitcoin will not die, if there is still a stable connection or power grid.

3la9l_kolbaCa

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there is one way in order to bitcoin will down or die,,, shutdown the internet worldwide that is the only way to decrease the value of bitcoin or die, , so if you are a big person in this industry you will just shutdown the internet in the whole world and that will absolutely cause a war, so better not to do it.

Ayiranorea

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In my view something similar to a cyber war or the decrease in the usage will cause the death. In reality in one or the other way bitcoin will get used forever. One of the reason is the usage in dark market and the gambling industry.

fabianabank

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Quote from: fabianabank on June 16, 2017, 07:53:05 AM

Quote from: KnightElite on June 16, 2017, 06:28:54 AM

Quote from: BingoDog on February 09, 2017, 11:47:09 AM

If everyone stops using it or if in some way becomes wothless, these are the two situations I think of that could make bitcoin die. But I don't know what could cause something like this, people get used to bitcoin and all benefits that it gives and demand is geting biger all the time.

Yeah you are correct. If everyone stop using the bitcoin it will cause a bad situation to the bitcoin but it can't be happen. Because bitcoin is now getting more popular than before.

but if in one day bitcoin stop to be use, do u will going to throw your coins away?

I mean, do you sell ur coins even they They are worth nothing more? like 1 cent? or Or would you keep them?

DaftAjax

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I think the only way that Bitcoin will go die, is when the TOTAL BREAKDOWN happen, and what I mean about this is not just the internet, but every electronically powered devices or machines, all the power lines are cut down and no power at all, world wide. This is what will kill Bitcoin. I know this is a little off topic but you get the idea right?

fabianabank

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Quote from: KnightElite on June 16, 2017, 06:28:54 AM

Quote from: BingoDog on February 09, 2017, 11:47:09 AM

If everyone stops using it or if in some way becomes wothless, these are the two situations I think of that could make bitcoin die. But I don't know what could cause something like this, people get used to bitcoin and all benefits that it gives and demand is geting biger all the time.

Yeah you are correct. If everyone stop using the bitcoin it will cause a bad situation to the bitcoin but it can't be happen. Because bitcoin is now getting more popular than before.

but if in one day bitcoin stop to be use, do u will going to throw your coins away?

TitanGEL

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Quote from: fikihafana on February 09, 2017, 11:20:54 AM

one thing's for sure, no demand to use cryptocurrency which is not possible

Yeah this the best answer that for sure the bitcoin will die. You are also correct that this is very impossible. Bitcoin will never be die. Like now bitcoin is now becoming popular than before. I'm sure bitcoin will never die.

chalkboard17

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Quote from: KnightElite on June 16, 2017, 06:28:54 AM

Quote from: BingoDog on February 09, 2017, 11:47:09 AM

If everyone stops using it or if in some way becomes wothless, these are the two situations I think of that could make bitcoin die. But I don't know what could cause something like this, people get used to bitcoin and all benefits that it gives and demand is geting biger all the time.

Yeah you are correct. If everyone stop using the bitcoin it will cause a bad situation to the bitcoin but it can't be happen. Because bitcoin is now getting more popular than before.

it will never happen in this century. Bitcoin has proven that it has a strong effect to the world economy and the people life. Therre are many people depending on bitcoin right now. They are working with bitcoin and earn money from activities which relate to bitcoin

KnightElite

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Quote from: BingoDog on February 09, 2017, 11:47:09 AM

If everyone stops using it or if in some way becomes wothless, these are the two situations I think of that could make bitcoin die. But I don't know what could cause something like this, people get used to bitcoin and all benefits that it gives and demand is geting biger all the time.

Yeah you are correct. If everyone stop using the bitcoin it will cause a bad situation to the bitcoin but it can't be happen. Because bitcoin is now getting more popular than before.

stolendata

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Quote from: Cazkys on June 12, 2017, 05:01:43 PM

In a nuclear war or when communication towers are brought down. Or a World Wide Web apocalypse, where the Internet suddenly is down or has vanished. Lol joke, exaggerations aside I doubt there’s a situation in our daily lives that Bitcoin will die. But if it did, it will not necessarily die but maybe replaced by something better or has been upgraded or has been innovated. It will still be a foundation of any cryptocurrency that will appear in the near future.

in nuclear war not only bitcoin will die but almost everything and every currency will die, to me i am hopeful that bitcoin will continue as online currency for ever, because bitcoin is becoming popular day by day and hope hope that this trend will continue for a long long time because still only 1% people have accepted bitcoin and are using it for online purposes. hope very soon we will also be able to use bitcoin for online as well in offline shops.

Tamilson

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Quote from: flipstyle on June 12, 2017, 09:54:23 PM

Bitcoin can die only if internet dies but I don't think that will ever happen in future as internet is advancing day by day and apart from that I don't see any valid reason in which bitcoin can die in future.

Indeed.
There's no way internet dies as well as bitcoin. These two are the future.
Bitcoin is the top cryptocurrency as of today. Proving itself in the market. That's why alt coins are made. They try to follow the success of bitcoin, so how does it die?
Developers are improving and doing experiment to the system so it will grow more.
Likewise, Japan also legalized bitcoin as a currency and for sure many countries will follow that.
So it means a good sign of the world economy.

Xenrise

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Well bitcoin will not die. In the sense that everyone needs to cope to the modern world which is coping in cryptocurrency. Well bitcoin may probably die if the authorities will be the personality that will shut it down. But bitcoin will not die

) it is the future. This is the future and every people needs bitcoin in their everyday lives. People needed to cope in this for them to follow bitcoin. Because it is the easiest way in giving money or paying money to someone.

fabianabank

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bitcoin its on down now, maybe the btc will be die?

arcanayou

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I never thought at all that bitcoin would die. Bitcoin will not be easily replaced with another altcoin, whatever the altcoin mission and concept, will not replace bitcoin. So I have no idea that the state of bitcoin will die, maybe if doomsday

19Nov16

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Nothing altcoin, we all know that altcoin was instrumental in increasing the price of the bitcoin so no altcoin then bitcoin die soon. Remember, that when ICO altcoin accept bitcoin, so the value of bitcoin transactions increased.

nethead

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If everyone stops using it or if in some way becomes wothless, these are the two situations I think of that could make bitcoin die. But I don't know what could cause something like this, people get used to bitcoin and all benefits that it gives and demand is geting biger all the time.

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