~ Unnecessary? Bitcoin will always be necessary.
We don't know that. With some articles estimating all bitcoins will be mined some time in 2140, I bet even Satoshi isn't confident that bitcoin will remain relevant/necessary in the next century.
We have to get rid of the third parties, but we're only providing them more control over us..
The people's concensus could also change over time. Right now, there is a strong movement to reclaim control and privacy but we also don't know if that will still be the case in a few decades.
Unless you have a crystal ball of course.
~
What does the last block mined have to do with the necessity of Bitcoin? My point was that it's going to always be necessary because third parties will only become more in control and there's always going to be at least a handful of people willing to escape from their chains.
I see where you are coming from now.
From what I understood of the OP's question, he's asking whether bitcoin will become unnecessary as cryptocurrency. That's where my reply to your "always necessary" came from.
I don't see a STRONG movement to reclaim control and privacy, otherwise we'd see significant anti-KYC and anti-taxation movements.
Ah yeah, I should have used growing instead.
In a few decades, things will only get worse. I can't imagine a future where we'd have more privacy than we have today or more privacy than we had 15 years ago. It's going to be worse because of technology.
I don't know. It could go either way depending on how people will respond to these technologies.
