finally a post on bitcointalk that i can agree with. i have been getting tired of seeing all the doom scenarios for bitcoin. with all the drama circling it!
bitcoin is going to take hits but history has proven that it survived them all, lets just hope this way continues in the future too.
Topic: Take it from me: Bitcoin will NOT die in our lifetime. - page 4. (Read 2700 times)
As some negative news affected bitcoin in a bad way before, I think No one can be sure about the life of bitcoin.
even with the decentralizing, Big pools miners are controlling btc and they can harm it by stopping mining or dump their coins fast.
even with the decentralizing, Big pools miners are controlling btc and they can harm it by stopping mining or dump their coins fast.
You can't specifically say bitcoins but using of the term cryptocurrencies would be better .I agree that most of the mainstream and commercial business have started to realize its effectiveness and they're encouraging the act.However its not really legalized in some countries or most of them.No specific laws have been listed out on their using terms,which is kinda of bad as you would never know what government could do.There is an enormous rise in altcoins which will turn out to be a strong competition for bitcoins.
bitcoin will not die, as long as we know what direction the code moves forward in.
EG if they change the whole priv-pub keypair code, it can literally render 14mill coins useless if miners had an implementation that ignores things like ecdsa.
im not saying its going to happen, im using exaggerated extreme scenario.
but still worth constantly checking the code updates for bugs or malicious code.
bt as long as miners continue mining clean positive code, bitcoin will continue
EG if they change the whole priv-pub keypair code, it can literally render 14mill coins useless if miners had an implementation that ignores things like ecdsa.
im not saying its going to happen, im using exaggerated extreme scenario.
but still worth constantly checking the code updates for bugs or malicious code.
bt as long as miners continue mining clean positive code, bitcoin will continue
It is possible that Bitcoin will die just look at what happened to e-gold, I remember having an e-gold account and then they suspended use of e-gold. I think that's the reason why Bitcoin was born.
Bitcoin is not an "account" and it cannot be suspended , It's decentralized and it's not controlled by people. If you ask me the only thing that may kill bitcoin is the shitty exchanges and their "we got hacked" scenarios , unless people decide to wake up and stop using them .
Time has changed, folks! There are a lot of countries discussing the use of Bitcoin and now even mainstream scientists say, that Bitcoin is more transparent than cash and it will revolutionize not only the financial market, but also contracts, real estate, authority right etc etc. They even admit to not understand the Bitcoin code completely, but they are working on it.
Soon they will understand, that any alternate blockchain, will not provide the same security as the one from the "original" Bitcoin network and then we will all get rid of cash.
Thank y'all for support
Soon they will understand, that any alternate blockchain, will not provide the same security as the one from the "original" Bitcoin network and then we will all get rid of cash.
Thank y'all for support
That is a known news but yet a good one. It is always good when hear from the others something that you like. Even if it is known by you. But there something that mus be clarified here. It is not bitcoin which "will revolutionize not only the financial market, but also contracts, real estate, authority right etc etc." but the technology used to build and create it: the peer to peer. This is the real power of bitcoin. Not being simply a currency or a digital currency. The peer to peer give to it these qualities which make it unique and powerful. There will be to many the applications of this technology. And I think that the limit of it it would be only the human imagination.
It is possible that Bitcoin will die just look at what happened to e-gold, I remember having an e-gold account and then they suspended use of e-gold. I think that's the reason why Bitcoin was born.
I sure hope it will be successful! The thing is, it is entirely brand new and nobody can say for sure what the result of this great experiment will be. Apart from the classic buy early, be rich when it goes to the moon, I think the greater benefits are freedom.
Well Bitcoin will certainly change in form and purpose. Also, I think it is important to differentiate between public and private blockchains and Bitcoin.
If Bitcoin doesn't get rid of the irrelevant rubbish transactions, it will be overtaken by a dedicated money transfer service. I won't run a full node if Bitcoin continues to store wedding ceremonies, and other non-finacial clutter. Would we have the blocksize debate if people disn't store personal messages in the chain?
If Bitcoin doesn't get rid of the irrelevant rubbish transactions, it will be overtaken by a dedicated money transfer service. I won't run a full node if Bitcoin continues to store wedding ceremonies, and other non-finacial clutter. Would we have the blocksize debate if people disn't store personal messages in the chain?
Time has changed, folks! There are a lot of countries discussing the use of Bitcoin and now even mainstream scientists say, that Bitcoin is more transparent than cash and it will revolutionize not only the financial market, but also contracts, real estate, authority right etc etc. They even admit to not understand the Bitcoin code completely, but they are working on it.
Soon they will understand, that any alternate blockchain, will not provide the same security as the one from the "original" Bitcoin network and then we will all get rid of cash.
Thank y'all for support
Soon they will understand, that any alternate blockchain, will not provide the same security as the one from the "original" Bitcoin network and then we will all get rid of cash.
Thank y'all for support
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