Topic: Possible End of Bitcoin - page 2. (Read 1464 times)
I don't think so Bitcoin will end,Because Bitcoin is a digital currency that's not tied to any bank or organization or government. Day by day it is using every where. And lot of country allow bitcoin to use. due to not control by any organization its not possible to end of bitcoin. its totally my opinion. The most online financial transaction of this century is bitcoin.
Key point: bitcoin is not money, but better than money, is a Fund to which each contributes according to his abilities, but takes according to his needs. It is not necessary to turn in the money, money is a tool to control the people, it is a pity that many do not understand, there is no need to interfere with bitcoin transactions may be long if the network is congested, this means that the Fund is in this moment under the load and we have to wait
Nobody knows .... Even the founder of bitcoin didnt know that 
Bitcoin will find an end one day after some serious crashes and after another technology has been invented which works much better than blockchain. But as long as blockchain currencies exists, there will be a place for Bitcoin.
Not necessarily. Bitcoin is upgradable like any software. Take Microsoft Windows as an example. It has been widely used for almost 30 years and it's still here. We are still using a mouse to point and click on icons, just like we did 20 years ago and we're still using good old keyboards to write.
Bitcoin will find an end one day after some serious crashes and after another technology has been invented which works much better than blockchain. But as long as blockchain currencies exists, there will be a place for Bitcoin.
Well bitcoin is going up really seriously but i have an possible senario for bitcoin to end first of all mining bitcoin is becoming almost impossible without huge investments so we need better equipment and new technologies right ? I think it’s very near and they are called Quantum Computers to explain these computers are might be 100 million times powerful and useful than todays computers so they would be easier to mine bitcoins with it even if difficulty of mining goes up as tech grows but the thing is Blockchain does not have any protection to quantum computers which i laugh about it so much and when this technology comes out people would start to steal bitcoins instead of mining because its going to be more profitable how come people cannot forsee that for the next 5 years bitcoin is going to make great job but after that Quantum Nightmare of Bitcoin is going to end it up
Actually I do not believe that bitcoin die. Why? Because I really believe that it will take so long, and there will be more investors in up coming years.
No need to worry if so Speculation might come but it never affects bitcoin.
Is it impossible to end bitcoin today.It may depend on internet and new technologies.The end of internet would not mean just end of Bitcoin but the end of the world. And to my opinion this might happen only with some heavy catastrophe or new world war. But every technology developes and adjusts and so it's the case of Bitcoins so Actually Bitcoin has many scenarios of it's development and we can't say today which is going to be the truth. Bitcoin is still just in the beginning of it's growth and the world just start to pay attention on it seriously.
Well bitcoin is going up really seriously but i have an possible senario for bitcoin to end first of all mining bitcoin is becoming almost impossible without huge investments so we need better equipment and new technologies right ? I think it’s very near and they are called Quantum Computers to explain these computers are might be 100 million times powerful and useful than todays computers so they would be easier to mine bitcoins with it even if difficulty of mining goes up as tech grows but the thing is Blockchain does not have any protection to quantum computers which i laugh about it so much and when this technology comes out people would start to steal bitcoins instead of mining because its going to be more profitable how come people cannot forsee that for the next 5 years bitcoin is going to make great job but after that Quantum Nightmare of Bitcoin is going to end it up
Actually I do not believe that bitcoin die. Why? Because I really believe that it will take so long, and there will be more investors in up coming years.
No need to worry if so Speculation might come but it never affects bitcoin.
It will take a lot of time before quantum computing will become a real thing for ordinary people. Quantum computers need proper cooling which requires a lot of electricity. Probably we won't see them in our houses for the next 50 years, at least. I wouldn't worry unless there's a major breakthrough in this technlogy. Bitcoin is safe for the next few years.
While bitcoin is growing at a record pace, and its real value, we do not know. The peak is ahead, and, perhaps, the turnaround will not happen tomorrow, but if there is a sharp drop, it is likely to be felt not only by the owners of crypto-currency but also by ordinary people.
Having in mind how we today depend on internet and new technologies the end of internet would not mean just end of Bitcoin but the end of the world. And to my opinion this might happen only with some heavy catastrophe or new world war. But every technology developes and adjusts and so it's the case of Bitcoins. And nothing can't just vanish and disappear over night without some very good reason. So, relax.
The end of internet is the end of almost Everything including digital currencies. Although it is unimaginable and impossible that internet will be shutdown, it is the only thing that the world should be afraid of.
Bitcoin cannot be stopped by Government or hackers or activists.
Bitcoin cannot be stopped by Government or hackers or activists.
1.
It is not impossible for the internet to be shut down.
It's a bunch of cables and computers relying information, one real organized terrorist squad could take a lot of those a cables and data centers out.
2. Remember (if you were alive at that time) how life was 20 years ago? Or 30?
People were still going out, watching movies, working, drinking, travelling and fword.
And all that was possible without internet.
There will be no end of nothing. (except for fb and nigerian scams emails).
I think investing in high-tech equipment in Bitcoin mining is a must-do when most of the older equipment is no longer adequate to meet today's mining needs. Besides, they invest so, they take risks and they earn more Bitcoins from it is what happens. However, very few people can do this because of the tremendous resources for specialized mining equipment
- There will be no practical end of bitcoin.
- Bitcoin mining will remain profitable in future too when all bitcoin will be mined because of fee associated with the tx that will be included in blocks.
- Quantum computers are just some sci-fi gadgets till now, there is no any working prototype. There will be another bitcoin hardfork with advanced security against super computers if there will be quantum computer in future.
- Bitcoin mining will remain profitable in future too when all bitcoin will be mined because of fee associated with the tx that will be included in blocks.
- Quantum computers are just some sci-fi gadgets till now, there is no any working prototype. There will be another bitcoin hardfork with advanced security against super computers if there will be quantum computer in future.
Well bitcoin is going up really seriously but i have an possible senario for bitcoin to end first of all mining bitcoin is becoming almost impossible without huge investments so we need better equipment and new technologies right ? I think it’s very near and they are called Quantum Computers to explain these computers are might be 100 million times powerful and useful than todays computers so they would be easier to mine bitcoins with it even if difficulty of mining goes up as tech grows but the thing is Blockchain does not have any protection to quantum computers which i laugh about it so much and when this technology comes out people would start to steal bitcoins instead of mining because its going to be more profitable how come people cannot forsee that for the next 5 years bitcoin is going to make great job but after that Quantum Nightmare of Bitcoin is going to end it up
an innovation in everything needs to be done, because it is for something to be better. as well as the current bitcoin technology. in the future, there needs to be a change in the system and the other so that this technology more easy to use and useful for everyone.but in my opinion, bitcoin will still exist and last for a long time .. even though quantum technology like you said there will be, i'm sure it will not be a nightmare for bitcoin.
just my opinion.
Well bitcoin is going up really seriously but i have an possible senario for bitcoin to end first of all mining bitcoin is becoming almost impossible without huge investments so we need better equipment and new technologies right ? I think it’s very near and they are called Quantum Computers to explain these computers are might be 100 million times powerful and useful than todays computers so they would be easier to mine bitcoins with it even if difficulty of mining goes up as tech grows but the thing is Blockchain does not have any protection to quantum computers which i laugh about it so much and when this technology comes out people would start to steal bitcoins instead of mining because its going to be more profitable how come people cannot forsee that for the next 5 years bitcoin is going to make great job but after that Quantum Nightmare of Bitcoin is going to end it up
Of course, in theory, you are right, also, in theory, practice and theory are the same thing, but in practice they are different. What will happen when we get to the stage of practical quantum computing is that quantum computers will be used for hashing, also bear in mind that it is infinitely easier to hash something than to unhash it, so I wouldn't worry about it right now.
For my opinion, no one can say when bitcoin ends.
No one can predict it on the future. I just take a look at it when it happens.
No one can predict it on the future. I just take a look at it when it happens.
The end of internet is the end of almost Everything including digital currencies. Although it is unimaginable and impossible that internet will be shutdown, it is the only thing that the world should be afraid of.
Bitcoin cannot be stopped by Government or hackers or activists.
Bitcoin cannot be stopped by Government or hackers or activists.
Yes i agree with you there but i dont bellieve that this is the end of bitcoin in the future there are so many people who realy like bitcoin so its almost imposible that bitcoin will end
Buddy, if quantum computers come into existence, it doesn't mean that its the end of bitcoin. The developers will find a way to protect bitcoin from it. I am sure. First of all let quantum computer come into existence. Here we are arguing about a topic which is not in existence itself. So buddy don't screw your brain too much and enjoy your day.
You have another problem coming if quantum computers come into existence: they are assumed to be able to crack private keys from public keys. Cryptography in general will be in need of a breakthrough.
The moment is coming, but technologies do not stay on one place, so I suppose people will create something new to reach their targets.
Actually Bitcoin has many scenarios of it's development and we can't say today which is going to be the truth. Bitcoin is still just in the beginning of it's growth and the world just start to pay attention on it seriously. I think we will find the exactly scenario of Bitcoin's future just in couple of years when the situation about Bitcoin's legalization over the world will be clear.
Actually Bitcoin has many scenarios of it's development and we can't say today which is going to be the truth. Bitcoin is still just in the beginning of it's growth and the world just start to pay attention on it seriously. I think we will find the exactly scenario of Bitcoin's future just in couple of years when the situation about Bitcoin's legalization over the world will be clear.
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