Topic: In what situation would Bitcoin die? - page 83. (Read 101794 times)
Bitcoin will always be needed, as long as people seek secrecy and centralization
When there is no more demand for them. Also, if all countries banned the use of bitcoin it would also die. Finally, if there was no more internet connection, all cryptocurrencies would die off.
Yes correct I agree with your opinion, when there is no demand then everyone will leave the bitcoin, when there is no request of course prices will drop and bitcoin will die. 
When there is no more demand for them. Also, if all countries banned the use of bitcoin it would also die. Finally, if there was no more internet connection, all cryptocurrencies would die off.
For Bitcoin to die there would need to be a global agreement of all governments to ban it, this is impossible because governments will never agree to do anything, so it's clear that this is not a real treat.
Therefore, I cannot think of any realistic treats that would kill Bitcoin.
prohibition of all countries will make the user do not believe in bitcoin and make other people be interested in bitcoin but it will not make bitcoin die because users could still useTherefore, I cannot think of any realistic treats that would kill Bitcoin.
There are only two possibilities in which bitcoin can die.
Either people stop using it or there comes some new currency which is better then bitcoins and if that happens then I think bitcoin can disappear in quick time but as of now I think everything is fine with bitcoins.
Either people stop using it or there comes some new currency which is better then bitcoins and if that happens then I think bitcoin can disappear in quick time but as of now I think everything is fine with bitcoins.
Very smart, directly to the point. Only these two possibilities could make bitcoin die. But there are infinity causes to reach to these two possibilities, like persons trying to sabotage bitcoin, it's the worse and most dangerous possible cause to the bitcoin failure.
And there are many others causes, we need to be aware about everything to protect bitcoin against threats.
With the users all over the world uaing bitcoin, I think it is now unstoppable. The users are increasing especially they are now accepted in Japan. And networks will not go anywhere, do you think companies or even governments will not a make a solution to fix the network if it falls? Even the electricity? Nowadays they are essential to our lives, they are even needed for our jobs.
There are only two possibilities in which bitcoin can die.
Either people stop using it or there comes some new currency which is better then bitcoins and if that happens then I think bitcoin can disappear in quick time but as of now I think everything is fine with bitcoins.
Either people stop using it or there comes some new currency which is better then bitcoins and if that happens then I think bitcoin can disappear in quick time but as of now I think everything is fine with bitcoins.
Very smart, directly to the point. Only these two possibilities could make bitcoin die. But there are infinity causes to reach to these two possibilities, like persons trying to sabotage bitcoin, it's the worse and most dangerous possible cause to the bitcoin failure.
And there are many others causes, we need to be aware about everything to protect bitcoin against threats.
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.
I agree. The fortune of bitcoin in acertain country depends on the government ofcourse. If the government stop or banned the bitcoin in his country many people will stop using it and the demand of usage will go down. And that's how the bitcoin will die. Because of slowly falling down of numbers users the bitcoin life became low and low. Many people will be sad and get angry if the banning of bitcoin will happen.
one thing's for sure, no demand to use cryptocurrency which is not possible
Ofcourse. The situation that bitcoin will die is depend on the demand of people who are using it. If many people are using it and many people are buying or selling it. Bitcoin will stay as it is and will take it's progress but if people stop using it or the popilarity of it to people are gone. That is the time where the bitcoin will die and somehow fall. For me, it depends on the usage today and the number of people who are using it.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
I think bitcoin will die in the situation of people not using it anymore because of some reasons like the value is very low, the government banned it or there are other digital currency that are popular. We all know that bitcoin stays today because many people are using it and it is very popular. The popularity and lifes of a one thing depends on the people who using it. So as of know I think bitcoin will never die.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
i think if bitcoin is not value, when people in the world do not wanna use bitcoin maybe people can move to other real currency like dollar 
Probably, it might your thought but bitcoin would not die forever. Because rate of adoption over bitcoin and block chain have been increased gradually from the 2014 and after halving this is moving in huge numbers.
If it's go like this. Bitcoin will be costliest stock in near future. You may get your salary from the day job as bitcoin payment also. Who knows. Will wait see.
if this is happen maybe dollar can lose by bitcoin
How Bitcoin would die, in theory:
-Bitfinex and USDT crash the market, or a lack of consensus from scaling, or both
-Mining becomes unprofitable for anyone except Jihan Wu
-Mining becomes extremely monopolised
-Bitcoin is no longer decentralised, thus the majority of people using it decide it's no longer what it's supposed to be and leave
-Mining becomes unprofitable even for Jihan Wu
-Bitcoin dies.
Certain situations could play their part in the Bitcoin to get die are: If the bitcoin have a clash with the system. Like if the beneficiaries don’t get enough benefit from it, as said to be. The other is that if the main stakeholders don’t find it profitable anymore so they will switch to something else. Until and unless it benefits both the buyer and the seller it is going to stay in other case it is going to die.-Bitfinex and USDT crash the market, or a lack of consensus from scaling, or both
-Mining becomes unprofitable for anyone except Jihan Wu
-Mining becomes extremely monopolised
-Bitcoin is no longer decentralised, thus the majority of people using it decide it's no longer what it's supposed to be and leave
-Mining becomes unprofitable even for Jihan Wu
-Bitcoin dies.
How Bitcoin would die, in theory:
-Bitfinex and USDT crash the market, or a lack of consensus from scaling, or both
-Mining becomes unprofitable for anyone except Jihan Wu
-Mining becomes extremely monopolised
-Bitcoin is no longer decentralised, thus the majority of people using it decide it's no longer what it's supposed to be and leave
-Mining becomes unprofitable even for Jihan Wu
-Bitcoin dies.
Certain situations could play their part in the Bitcoin to get die are: If the bitcoin have a clash with the system. Like if the beneficiaries don’t get enough benefit from it, as said to be. The other is that if the main stakeholders don’t find it profitable anymore so they will switch to something else. Until and unless it benefits both the buyer and the seller it is going to stay in other case it is going to die. -Bitfinex and USDT crash the market, or a lack of consensus from scaling, or both
-Mining becomes unprofitable for anyone except Jihan Wu
-Mining becomes extremely monopolised
-Bitcoin is no longer decentralised, thus the majority of people using it decide it's no longer what it's supposed to be and leave
-Mining becomes unprofitable even for Jihan Wu
-Bitcoin dies.
Why did Bitcoin fail? Failed because your community failed. What was meant to be something new, a decentralized form of money that "lacked important institutions" and "was so great to fail" became something even worse: a system completely controlled by a group of people. In addition, the network is on the verge of a technical collapse. The mechanisms that should prevent this problem have been broken, and as a result, I do not think there is any great reason to believe that Bitcoin may be better than the existing financial system
Yeah, that's why the price keeps on climbing higher and higher
Anyway, welcome to the Bitcoin shills club. You shills become more and more desperate in your futile attempts to defame Bitcoin while your shitcoins quickly turn into dust and ashes. One thing is bugging me though, i.e. whether someone pays you for throwing dirt at Bitcoin or you are doing it entirely out of your own stupidity? If the former is the case, then I would like to know what are the rates (maybe, it is really worth a dime, wtf), otherwise you are really pathetic
I think it's neither. They are doing it just to experience that pleasure of being a troll on the Internet. They are not making money but they are able to get a good laugh thinking about a newbie that believes them.
But it can also be out of stupidity. Like you always say, "The lack of reason creates monsters." They don't know about the whole thing and just judge bitcoin's technical part based on how they perceive it. If they think that it's about to collapse, then it's about to collapse regardless if bitcoin still has solid foundation.
Someone who wants to throw dirt on bitcoins will do something massive (like blatantly support BCU and say that bitcoin is going down) like the people that they always talk about on Reddit.
In the end, it turned out that these relevant people only did throw shade on bitcoin just to get more bitcoins. Bitcoin will die naturally when the cost of transaction gets exceedingly too high. because everyone will leave it and walk away.
I guess it makes sense, if the bitcoin transaction fee is too big, maybe people will leave. yeah, but maybe it takes a very long time. I also believe that the developers of bitcoin will not let it happen, because it will always be improved. 
Bitcoin will die naturally when the cost of transaction gets exceedingly too high. because everyone will leave it and walk away.
I guess it makes sense, if the bitcoin transaction fee is too big, maybe people will leave. yeah, but maybe it takes a very long time. I also believe that the developers of bitcoin will not let it happen, because it will always be improved.
We all know that trades altcoin and bitcoin is the largest. I'm sure it depends altcoin, if there is no altcoin then bitcoin will die because standing alone it will not be acceptable to other users.
For Bitcoin to die there would need to be a global agreement of all governments to ban it, this is impossible because governments will never agree to do anything, so it's clear that this is not a real treat.
Therefore, I cannot think of any realistic treats that would kill Bitcoin.
i think you are right that it is impossible that all the government will make agreement to ban bitcoin because bitcoin is the most used currency and it will need great efforts for the government to ban it . Therefore, I cannot think of any realistic treats that would kill Bitcoin.
This would not happen even if all the governments of the world banned Bitcoin. If a single user is mining, or running a node, Bitcoin would still be around...
Bitcoin will die naturally when the cost of transaction gets exceedingly too high. because everyone will leave it and walk away.
I guess it makes sense, if the bitcoin transaction fee is too big, maybe people will leave. yeah, but maybe it takes a very long time. I also believe that the developers of bitcoin will not let it happen, because it will always be improved. 
I see that the most concern in your post is all about mining which is i agree with. If mining will not profitable anymore then it will become a reason for miners to leave bitcoin and if miners will leave bitcoin then there is no people supports the network and network eventually dies and it will become a reason for investors to leave also and sell their coins.
If majority of miners left, then difficulty will adjust, and the blocks will move forward and be able to confirm the transaction. Though miners is the most important part of Bitcoin since the life and death of bitcoin depends on it. Aside from that miners are the one who confirmed transaction so without them there will be no movement in Bitcoin
And that's not a natural course of events or situation
Namely, not that miners are not one of the most important part of Bitcoin, but the present situation is unnatural as such when miners become indispensable (I mean specific miners which even have proper names that we are all well familiar with). As to me, the most important part of Bitcoin are the Bitcoin users themselves. Without miners Bitcoin cannot exist (that's true), but without users Bitcoin loses any meaning or reason to exist at all (that's even truer). So everyone choose on their own which is more important
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