In what situation would Bitcoin die? - page 81.

MingLee

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Quote from: BlackBaron on April 22, 2017, 03:43:39 AM

bitcoin would not die if there are still any demand and trade even if bitcoin be banned maybe there will be some people still make transaction anonymously

It all comes down to the community and whether or not Bitcoin could retain them regardless of what was happening at any point. As long as the community remains with Bitcoin, there will still be the network, and Bitcoin will not be dead.
They can kill the community in a number of ways, but it's hard to remove everyone from the equation. It's a numbers game, and it's a game they don't like to look at.
Bitcoin will continue for a long while yet.

Baby Dragon

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If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

Wesimon

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Quote from: jackychanxxx on April 20, 2017, 09:38:35 AM

Quote from: staff_1307 on April 20, 2017, 09:35:35 AM

I think that Bitcoin can die in the event that most countries formally make an official ban on him.

technically speaking, can bitcoin really be banned?

You were born yesterday, am I right?

Bitcoin was banned on some countries years ago such as Bangladesh, Bolivia, etc. See for yourself here https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/#. That was last May 2015, some countries listed there accepts bitcoin now or on the process of acceting bitcoin. So banning bitcoin in a particular country is very possible. They have their own reason of doing so.

Banning bitcoin within the laws is the easy part, how are they going to enforce the ban is another story, look at file sharing the music and movie industry have done everything in their power to stop people form doing such a thing and nothing has changed bitcoin is similar, for the determined user of bitcoin no ban is going to stop him.

That is correct. The government cannot really stop people from using bitcoin even though it is illegal in their country. If only the government can monitor every single citizen, then they can enforce their act of banning bitcoin but since this is too difficult for them, it is all up to the people if they will compromise and comply with their laws or not.

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Quote from: MyIdeas on April 02, 2017, 05:58:20 PM

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Quote from: st0nefish on April 01, 2017, 11:22:09 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?

If people stop using bitcoin, bitcoin will be dead. We see it in many altcoins. Some new altcoins are rising in price when demanded. Later, when people stop using it they dead.

Apart from this, the bitcoin system will always be.

yeah if bitcoin users stop to using bitcoin then it will be dead but its impossible because a lot of people are using bitcoin and altcoin will be never rise than bitcoin because there is a lot of services are available on bitcoin.

users like heart for bitcoin. if the user is no longer using bitcoin or all users away from the bitcoin bitcoin will die and will live again when the user comes back

yes that is right but if the users will leave bitcoin then it will then take too much time to recover when the users start to work again so from the start everyone have to support bitcoin for their success and for the strength of bitcoin.

very simple if you feel helped and life be changed because bitcoin at least keep using bitcoin. then bitcoin will continue to live and survive

Souldream

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if there is no demand for it and then I the price would fall down I think it will end the bitcoin,
Or maybe if some crypto currency surpass it.

Xenophoto

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Quote from: Mumbeeptind1963 on April 22, 2017, 01:25:25 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?

if all of the countries will banned it, and if hackers put down all the bitcoin sites and online wallet that many of us is using , that would probably the problem i think. I think bitcoin will not lose very easily.

Major forum sites like reddit will always be there. There are hackers that would want to take down reddit just for the lulz (laugh) but you still see reddit around. Even when hypothetically the hackers take down every single bitcoin-related websites, reddit, hackforums, and other major forum sites will still be there and people will still be able to talk to each other. In other words, people will simply move to a different place to do their talks.

Not everyone is using online wallets and most bitcoin users are aware that when you use an online wallet, you're taking a risk. People that did some research about bitcoins will definitely use a desktop wallet at least.

BlackBaron

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bitcoin would not die if there are still any demand and trade even if bitcoin be banned maybe there will be some people still make transaction anonymously

TastyChillySauce00

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Quote from: ultimatesky on April 22, 2017, 02:38:56 AM

Quote from: Mumbeeptind1963 on April 22, 2017, 01:25:25 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?

if all of the countries will banned it, and if hackers put down all the bitcoin sites and online wallet that many of us is using , that would probably the problem i think. I think bitcoin will not lose very easily.

Banning seems something impossible when you talk about the free world. Off course some more conservative countries may want to do that.

But remember too that bitcoin is online, banning something which is online is hard. Other ways that bitcoin dies, like a new altcoin are just anticipation and speculation.

The problem is not because it's online but because it's decentralised. The government can easily get rid of online thing they don't like by simply seizing the server of the site or service. but, it's a different thing if you're talking about bitcoin, bitcoin is everywhere and so does with its miners which exist in many countries with internet.

ultimatesky

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Quote from: Mumbeeptind1963 on April 22, 2017, 01:25:25 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?

if all of the countries will banned it, and if hackers put down all the bitcoin sites and online wallet that many of us is using , that would probably the problem i think. I think bitcoin will not lose very easily.

Banning seems something impossible when you talk about the free world. Off course some more conservative countries may want to do that.

But remember too that bitcoin is online, banning something which is online is hard. Other ways that bitcoin dies, like a new altcoin are just anticipation and speculation.

abayan

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Quote from: Mumbeeptind1963 on April 22, 2017, 01:25:25 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?

if all of the countries will banned it, and if hackers put down all the bitcoin sites and online wallet that many of us is using , that would probably the problem i think. I think bitcoin will not lose very easily.

But what happens is not banning bitcoins ,they accept and legalize bitcoins in some countries now. If hackers put down the bitcoin sites i guess they are the one who losses also bitcoins why they would put down bitcoin sites if they can hack bitcoin accounts so they will make money on it and i think that will be a non- sense doing for them to break bitcoin from spreading .So its definitely hard that bitcoins will die.

batang_bitcoin

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Quote from: --DarkSecrets-- on April 21, 2017, 06:27:45 PM

Quote from: batang_bitcoin on April 21, 2017, 05:26:55 PM

Quote from: FasTroy on April 21, 2017, 05:07:30 PM

Quote from: Haladay on April 21, 2017, 04:46:41 PM

Banning bitcoin does not mean anything to me. If they ban the internet I can say "yeah bitcoin was banned."

You are right, but no one can banned it. I mean government can't track you even if you want to use it and i think they know that. So i don't think that bitcoin will die in any of situations.

They can ban and block those bitcoin or crypto currency sites but they will never know who are those people that are keep on doing it. There's no way for the government now to ban bitcoin because this can help the government to collect a lot of tax and if this ever happens for sure many are going to keep on using it.

The only thing that i know that bitcoins can die is to shut off the internet or no internet at all but, thats so impossible to happen unless there is a war .Blocking of bitcoin or cryptocurrency sites will nothing to do with it. Bitcoin will not die on that situation and it is inversely proportional what happens to adoptation of bitcoins by other countries and big companies who will use blockchain technology in the form of payments process and the security provided .

If we are going to assume that there would be total shut down of internet on the whole world it can be back immediately. But I don't think that it will make bitcoin die, because it will only stop for awhile but when everything came back normal. Bitcoin can be alive again and there's no way that it can be dead on that simple way by just shutting off the internet.

Mumbeeptind1963

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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 all of the countries will banned it, and if hackers put down all the bitcoin sites and online wallet that many of us is using , that would probably the problem i think. I think bitcoin will not lose very easily.

danherbias07

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The lack of usage.
But in this case we are the one who will keep on using it. That is why we are this forum to not let that happen. As long as someone or a group is using it there will be a chance that it could resurrected just like other coins.
I remember buying a coin in Yobit which is at 2 satoshis per coin. Suddenly it went up, thanks to those who pumped it.
Luckily this coins are almost the same as bitcoin which will keep on running when someone buys it.

ekoice

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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 no one shows interest and stops buying bitcoins,then bitcoin price would decrease gradually and it may die eventually in due course of time.But,i feel that when quantum computing will be introduced,then it may lead to the death of bitcoin.

gondes21

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If the demand for btc is still high, btc would never die.

However if there is something that makes the demand decrease, because people start to see disadvantages, for example: very high fee. Btc price will go down and have possibility to die.

--DarkSecrets--

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Quote from: batang_bitcoin on April 21, 2017, 05:26:55 PM

Quote from: FasTroy on April 21, 2017, 05:07:30 PM

Quote from: Haladay on April 21, 2017, 04:46:41 PM

Banning bitcoin does not mean anything to me. If they ban the internet I can say "yeah bitcoin was banned."

You are right, but no one can banned it. I mean government can't track you even if you want to use it and i think they know that. So i don't think that bitcoin will die in any of situations.

They can ban and block those bitcoin or crypto currency sites but they will never know who are those people that are keep on doing it. There's no way for the government now to ban bitcoin because this can help the government to collect a lot of tax and if this ever happens for sure many are going to keep on using it.

The only thing that i know that bitcoins can die is to shut off the internet or no internet at all but, thats so impossible to happen unless there is a war .Blocking of bitcoin or cryptocurrency sites will nothing to do with it. Bitcoin will not die on that situation and it is inversely proportional what happens to adoptation of bitcoins by other countries and big companies who will use blockchain technology in the form of payments process and the security provided .

batang_bitcoin

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Quote from: FasTroy on April 21, 2017, 05:07:30 PM

Quote from: Haladay on April 21, 2017, 04:46:41 PM

Banning bitcoin does not mean anything to me. If they ban the internet I can say "yeah bitcoin was banned."

You are right, but no one can banned it. I mean government can't track you even if you want to use it and i think they know that. So i don't think that bitcoin will die in any of situations.

They can ban and block those bitcoin or crypto currency sites but they will never know who are those people that are keep on doing it. There's no way for the government now to ban bitcoin because this can help the government to collect a lot of tax and if this ever happens for sure many are going to keep on using it.

FasTroy

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Quote from: Haladay on April 21, 2017, 04:46:41 PM

Banning bitcoin does not mean anything to me. If they ban the internet I can say "yeah bitcoin was banned."

You are right, but no one can banned it. I mean government can't track you even if you want to use it and i think they know that. So i don't think that bitcoin will die in any of situations.

pinkpanther03

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Quote from: Afnan_faizah on April 16, 2017, 01:01:41 AM

I think bitcoin will be die if no one use bitcoin. Because people that make bitcoin is worthed. There are a lot of people that use bitcoin for their daily life especially some people in city that so many merchant in there that accept bitcoin.

Agreed, it will only happen if bitcoin users will disappear. But that's not going to be happen especially now bitcoin usage is very popular, and features of bitcoin is very useful too.

Haladay

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Banning bitcoin does not mean anything to me. If they ban the internet I can say "yeah bitcoin was banned."

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