Is Bitcoin designed to last forever? - page 5.

n0ne

hero member

Activity: 2618

Merit: 548

SecureShift.io | Crypto-Exchange

Quote from: qiwoman2 on November 02, 2016, 05:13:10 AM

Nothing lasts forever as new technology grows and other events happen but if all goes as is going now I think Bitcoin can last a very long time and may eventually EVOLVE into something else, but it has started a new digital revolution for this generation that's for sure.

Bitcoin as a form of currency and as an advancement in technology is developed with certain time limits as most users quoted. But things gets changed when people start accepting it. On account of this technology might be developed to last long than the previous limitations or the same gets into existence in some other form.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

Nothing lasts forever as new technology grows and other events happen but if all goes as is going now I think Bitcoin can last a very long time and may eventually EVOLVE into something else, but it has started a new digital revolution for this generation that's for sure.

buyinbtc

legendary

Activity: 1008

Merit: 1010

CryptoTalk.Org - Get Paid for every Post!

I actually think that it will take many years to reach that cap, in fact i don't think that we both will be alive then ( unless something changes ) but it won't last for ever, just for long time

David Walters

newbie

Activity: 31

Merit: 0

Bitcoin was designed to last for a really long time, transaction fees will probably keep miners well fed as i presume bitcoin will be widely used by then.

geopolisch

hero member

Activity: 1022

Merit: 511

Quote from: el kaka22 on October 20, 2016, 02:24:48 PM

there are some practical problem with electronic format currencies compared to faits. Fiats are always ready to use whereas electronic currencies are basically requires internet connectivity.

But, I strongly believe there would be many enhancement projects that will ease the complications of using electronic currencies. One of the solution right now we are having is bitcoin debit cards to use wherever we want at an instant.

Bitcoin to last forever, there are many possibilities and lot of supporting things are keeping on happening.

Yes I believe, to last for ever, all possibilities currently bitcoin having, will be more than enough. Also there are also many enhancement and developments are happening around bitcoin system, that will certainly help this system to go stronger will find its way of existing with us for ever.

Liad.Services

full member

Activity: 238

Merit: 100

Yes.
Bitcoin is deisnged to work for ever as long as the community keeps in supporting it.

But in 50-60 years,when we would not have any block reward,and the miners will earn their salary from fees only,we will need a large amount of transactions.

The only thing that keeps bitcoin back is the block limit,which we will need to solve anytime soon.

Bear Wire

newbie

Activity: 24

Merit: 0

Some day all bitcoins will be mined. That would mean no transactions will be confirmed anymore. I think that coins can still be sent, but without the confirmation, I don't think that people will still use it. So no, I don't think bitcoin will last forever. Besides, I think that the confirmation times will become so slow that long before the last coin will be mined nobody will use bitcoin anymore.

darklus123

hero member

Activity: 1246

Merit: 588

Bitcoin already did proved that it last longer than other crypto currency. Yes it is still profitable for its miners because it is getting some fees to sustain its miners but in the question that bitcoin was designed to last forever i think that it is not it simply wanted to have some medium of payment online and this is still experimental

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

for me bitcoin is seen to be a financial media that can be used in a very long time. could be in the future bitcoin will have a unit price satoshi. along with the rise in the price of bitcoin on the market.

danherbias07

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: serjent05 on November 01, 2016, 04:10:51 AM

Quote from: ajun96 on November 01, 2016, 02:39:53 AM

Quote from: RealBitcoin on October 18, 2016, 07:19:07 PM

Nothing lasts forever, but if the internet stays the same and we will have some liberty in the future, then bitcoin should last at least our lifetime and possibly our childrens lifetime.

But eventually it will be replaced by a coin better designed, although I dont expect this in my lifetime, so i will remain with bitcoin.

I think as long as internet still alive i believes that bitcoin will continue to survive because its the only one who can make bitcoin die and stop operate is the loss of internet connection, so as long as the internet is still alive then bitcoin will continue to live Cheesy

I do not think there is another reason that could make bitcoin die

Bitcoin being a code that is open for improvement and upgrade simply means bitcoin is designed to last forever. with the updates and development, bitcoin will have its usage and importance retains thru out the course of human history. Unless the developers give up and no one to pick up the development then that will be the time bitcoin will become idle.

I think it will be all about after everything is mined. But I dont think we are still alive to see that. There is a lot to be mined and halving's will come creating less mined coins. So if the support will not end until that time and new generations will be enthusiastic just like people in this community then it wont be a problem to last for a long time.

serjent05

legendary

Activity: 2982

Merit: 1280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: ajun96 on November 01, 2016, 02:39:53 AM

Quote from: RealBitcoin on October 18, 2016, 07:19:07 PM

Nothing lasts forever, but if the internet stays the same and we will have some liberty in the future, then bitcoin should last at least our lifetime and possibly our childrens lifetime.

But eventually it will be replaced by a coin better designed, although I dont expect this in my lifetime, so i will remain with bitcoin.

I think as long as internet still alive i believes that bitcoin will continue to survive because its the only one who can make bitcoin die and stop operate is the loss of internet connection, so as long as the internet is still alive then bitcoin will continue to live Cheesy

I do not think there is another reason that could make bitcoin die

Bitcoin being a code that is open for improvement and upgrade simply means bitcoin is designed to last forever. with the updates and development, bitcoin will have its usage and importance retains thru out the course of human history. Unless the developers give up and no one to pick up the development then that will be the time bitcoin will become idle.

ajun96

hero member

Activity: 658

Merit: 500

Quote from: RealBitcoin on October 18, 2016, 07:19:07 PM

Nothing lasts forever, but if the internet stays the same and we will have some liberty in the future, then bitcoin should last at least our lifetime and possibly our childrens lifetime.

But eventually it will be replaced by a coin better designed, although I dont expect this in my lifetime, so i will remain with bitcoin.

I think as long as internet still alive i believes that bitcoin will continue to survive because its the only one who can make bitcoin die and stop operate is the loss of internet connection, so as long as the internet is still alive then bitcoin will continue to live Cheesy

I do not think there is another reason that could make bitcoin die

Capradina

hero member

Activity: 756

Merit: 520

Quote from: xuan87 on October 25, 2016, 06:57:41 AM

Quote from: Oilacris on October 25, 2016, 12:14:38 AM

Quote from: nara1892 on October 24, 2016, 10:31:27 PM

I think bitcoin was designed to be used in a long term, but not for last forever because nothing is immortal in this world anyway.

well I don't even know what satoshi thought when he created this thing, but there are many possibilities we don't know to happen in the next few years.

I strongly agree with you nothing in this world designed to last forever but for bitcoin i could say that it was created to last long for more years because people do tend to use and adopt it and we could really say that it would stay on longer years. As you mentioned we really dont know on what is on the mind of its creator Satoshi and its devs but one things for sure, bitcoin is very valuable for us not only on earning opportunities but also to the benefits that it gives.

Yeah I supposed bitcoin was designed for a long term usage but not design for forever, as we can see Satoshi is only limited the bitcoin 21 millions bitcoin, so if all of the people in the world used bitcoin then the amount of the bitcoin won't be enough, so while you still have the chance, you need to make good used of bitcoin

That is certainly true. But if you look at the number of bitcoin that much less of the population of this world then I think that's something inappropriate things to think about. Because if everyone is already using bitcoin, then automatically price bitcoin will be higher because the overall number of bitcoin is much lower (Economic Law), so this would be a great advantage and not a problem

xuan87

legendary

Activity: 1666

Merit: 1001

Quote from: Oilacris on October 25, 2016, 12:14:38 AM

Quote from: nara1892 on October 24, 2016, 10:31:27 PM

I think bitcoin was designed to be used in a long term, but not for last forever because nothing is immortal in this world anyway.

well I don't even know what satoshi thought when he created this thing, but there are many possibilities we don't know to happen in the next few years.

I strongly agree with you nothing in this world designed to last forever but for bitcoin i could say that it was created to last long for more years because people do tend to use and adopt it and we could really say that it would stay on longer years. As you mentioned we really dont know on what is on the mind of its creator Satoshi and its devs but one things for sure, bitcoin is very valuable for us not only on earning opportunities but also to the benefits that it gives.

Yeah I supposed bitcoin was designed for a long term usage but not design for forever, as we can see Satoshi is only limited the bitcoin 21 millions bitcoin, so if all of the people in the world used bitcoin then the amount of the bitcoin won't be enough, so while you still have the chance, you need to make good used of bitcoin

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: CyberKuro on October 25, 2016, 12:30:51 AM

Quote from: delliaerd on October 24, 2016, 10:41:44 PM

Quote from: BeGoods on October 24, 2016, 07:51:23 PM

Quote from: goinmerry on October 20, 2016, 04:03:44 AM

No. But it can become the world's history. If something good will happen that every people will know about it and somehow use it then it can create a worldwide mark. But we dont know if that can happen.

yeah I agree with you that might someday bitcoin will die and may be replaced by a currency or other crypto but maybe cryptocurrency may also be dead, no one will know the reason, but I'm sure bitcoin will not last forever dude. everything has its time, and if those days are finished of course, it will die

I am not agree with you, just think by your logic, People interested with altcoin becouse they was know about bitcoin first. also they still thrust to altcoin becouse they know that there is the first of crypto currency is still life and usefull. just think if bitcoin is die, people who know this news will begin to not thrust with any cryptocurrency. Don't you Understant that bitcoin is like father of all of altcoin. I realy Sure that bitcoin is not just being a history but it will uses forever. becouse we are always keep moving forward and bitcoin is the future.

Yeah, bitcoin is like foundation of cryptocurrencies world which has good development since it has been made by Mr. Satoshi.
We don't really know about it's future for sure, but I think it could last fo a long time and compete with anothers altcoin.

just because bitcoin is a stunning new technology and some say even a miracle it does not mean it is indestructible. remember the titanic? i bet people where also talking about "is titanic designed to last forever?". we live in a world where a currency seldom lasted for more then 100 years. and technology nowadays is changing fast. it would be a folly to think bitcoin will be here forever.

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: delliaerd on October 24, 2016, 10:41:44 PM

Quote from: BeGoods on October 24, 2016, 07:51:23 PM

Quote from: goinmerry on October 20, 2016, 04:03:44 AM

No. But it can become the world's history. If something good will happen that every people will know about it and somehow use it then it can create a worldwide mark. But we dont know if that can happen.

yeah I agree with you that might someday bitcoin will die and may be replaced by a currency or other crypto but maybe cryptocurrency may also be dead, no one will know the reason, but I'm sure bitcoin will not last forever dude. everything has its time, and if those days are finished of course, it will die

I am not agree with you, just think by your logic, People interested with altcoin becouse they was know about bitcoin first. also they still thrust to altcoin becouse they know that there is the first of crypto currency is still life and usefull. just think if bitcoin is die, people who know this news will begin to not thrust with any cryptocurrency. Don't you Understant that bitcoin is like father of all of altcoin. I realy Sure that bitcoin is not just being a history but it will uses forever. becouse we are always keep moving forward and bitcoin is the future.

Yeah, bitcoin is like foundation of cryptocurrencies world which has good development since it has been made by Mr. Satoshi.
We don't really know about it's future for sure, but I think it could last fo a long time and compete with anothers altcoin.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: nara1892 on October 24, 2016, 10:31:27 PM

I think bitcoin was designed to be used in a long term, but not for last forever because nothing is immortal in this world anyway.

well I don't even know what satoshi thought when he created this thing, but there are many possibilities we don't know to happen in the next few years.

I strongly agree with you nothing in this world designed to last forever but for bitcoin i could say that it was created to last long for more years because people do tend to use and adopt it and we could really say that it would stay on longer years. As you mentioned we really dont know on what is on the mind of its creator Satoshi and its devs but one things for sure, bitcoin is very valuable for us not only on earning opportunities but also to the benefits that it gives.

delliaerd

hero member

Activity: 672

Merit: 500

Quote from: BeGoods on October 24, 2016, 07:51:23 PM

Quote from: goinmerry on October 20, 2016, 04:03:44 AM

No. But it can become the world's history. If something good will happen that every people will know about it and somehow use it then it can create a worldwide mark. But we dont know if that can happen.

yeah I agree with you that might someday bitcoin will die and may be replaced by a currency or other crypto but maybe cryptocurrency may also be dead, no one will know the reason, but I'm sure bitcoin will not last forever dude. everything has its time, and if those days are finished of course, it will die

I am not agree with you, just think by your logic, People interested with altcoin becouse they was know about bitcoin first. also they still thrust to altcoin becouse they know that there is the first of crypto currency is still life and usefull. just think if bitcoin is die, people who know this news will begin to not thrust with any cryptocurrency. Don't you Understant that bitcoin is like father of all of altcoin. I realy Sure that bitcoin is not just being a history but it will uses forever. becouse we are always keep moving forward and bitcoin is the future.

nara1892

hero member

Activity: 1666

Merit: 701

I think bitcoin was designed to be used in a long term, but not for last forever because nothing is immortal in this world anyway.

well I don't even know what satoshi thought when he created this thing, but there are many possibilities we don't know to happen in the next few years.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: goinmerry on October 20, 2016, 04:03:44 AM

No. But it can become the world's history. If something good will happen that every people will know about it and somehow use it then it can create a worldwide mark. But we dont know if that can happen.

yeah I agree with you that might someday bitcoin will die and may be replaced by a currency or other crypto but maybe cryptocurrency may also be dead, no one will know the reason, but I'm sure bitcoin will not last forever dude. everything has its time, and if those days are finished of course, it will die

Topic: Is Bitcoin designed to last forever? - page 5. (Read 9882 times)