The thing that will destroy Bitcoin.

matete

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Quote from: avw1982 on February 28, 2016, 09:23:05 AM

Quote from: talkbitcoin on February 28, 2016, 09:05:31 AM

the worst thing that can destroy bitcoin or at least harm it severely is not reaching consensus between developers and eventually division of development group so they give up on developing bitcoin.

This halfway answer dude. Actually lack of awareness about bitcoin and it's usage is the main thing which is destroying bitcoins power in the world.
We have responsibility to do that, please guys just share about bitcoin in Facebook, Twitter and other social sites.

Bitcoin came in very strongly and I don't think there is anything that will make it fail. Its true that the biggest let down is awareness. If any of us can make a point of creating awareness to at least 5 a day, I am very sure it gain popularity within a short time.

BeGoods

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Quote from: pooya87 on February 25, 2016, 01:17:21 AM

i think nothing can destroy bitcoin easily. there has been a lot of problems in the past like in the beginning people didn't trust it and called it ponzi and later there were all the hacks, gox,... but bitcoin had survived all of them. so i guess in the future any problem is solvable, even if it is big.

I also hope that bitcoin will continue to survive all the problems, but at one point there must be a big problem, big sites like mt GOX turn out to be a scam., it was enough to make the price of bitcoin fell enough in, what if all the sites exchangers and wallet turned into a scam. of course it would be very detrimental for bitcoin

romero121

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Quote from: talkbitcoin on February 28, 2016, 09:05:31 AM

the worst thing that can destroy bitcoin or at least harm it severely is not reaching consensus between developers and eventually division of development group so they give up on developing bitcoin.

Exactly that's true. When such situation gets changed the bitcoin will be the cryptcurrency with more adoptions.
These are just getting as a cryptcurrency which might soon be used equal to the local currency.

Daniel91

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I can see only 2 things which can destroy Bitcoin.
First, if Internet disappears in the future, which is unlikely.
Second, if anything better than bitcoin appears, which is unlikely to.
So, I don't worry about this 2 points now.

avw1982

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Quote from: talkbitcoin on February 28, 2016, 09:05:31 AM

the worst thing that can destroy bitcoin or at least harm it severely is not reaching consensus between developers and eventually division of development group so they give up on developing bitcoin.

This halfway answer dude. Actually lack of awareness about bitcoin and it's usage is the main thing which is destroying bitcoins power in the world.
We have responsibility to do that, please guys just share about bitcoin in Facebook, Twitter and other social sites.

talkbitcoin

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All I know is that I know nothing.

the worst thing that can destroy bitcoin or at least harm it severely is not reaching consensus between developers and eventually division of development group so they give up on developing bitcoin.

MyBTT

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Quote from: Dr.Osh on February 26, 2016, 02:29:29 AM

as far as I know now, things that could destroy bitcoin is, the length of the transaction confirmation. it makes some bitcoin users into a panic, especially if the long confirmation almost one full day. it will make the poster becomes saturated and panic. apart from that there are some issues that I heard that some users lost half or the entire bitcoin that he had in his wallet, it can make bitcoin into something ugly and make bitcoin destroyed

Yeh thats the way I see it as well. That is really the only thing that pisses me off with Bitcoin.

Oscoda

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Well the thing that is more important today is the blocksize discussion. On one hand we got the miners and on another hand we got the users.
For us users a bigger size makes the stability of the network better. So i really hope to see that.

knowhow

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Quote from: Pattart on February 25, 2016, 09:57:41 PM

Quote from: knowhow on February 25, 2016, 03:15:05 PM

Some problems as confirmation will have to be handled over the year ,we all know that this is one of tabu around bitcoin as we send it instant but its required some minutes to get the money able to moove,soo i believe the team around bitcoin can solve any problem related to bitcoin or that appears at it.

a team of bitcoin ? i think bitcoin is dezentralitation. is it possible any team ?

Well bitcoin team of developements or do you think nakamoto made bitcoin and it upgrade by itself?Anyway bitcoin has a long road ahead ,with the mining being active atleast more 100 years ,predictions says that on that time the mine time would be end soo on that time we will see how bitcoin will lead and act,knowing the most of us here wont be alive on that time.

aarons6

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Quote from: Dr.Osh on February 26, 2016, 02:29:29 AM

as far as I know now, things that could destroy bitcoin is, the length of the transaction confirmation. it makes some bitcoin users into a panic, especially if the long confirmation almost one full day. it will make the poster becomes saturated and panic. apart from that there are some issues that I heard that some users lost half or the entire bitcoin that he had in his wallet, it can make bitcoin into something ugly and make bitcoin destroyed

not to mention there is absolutely NO guarantee that the sender that sent you bitcoin chose a high enough fee and that you will even get them..

so as a merchant standpoint.. bitcoin is not dependable enough at the moment.

Dr.Osh

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as far as I know now, things that could destroy bitcoin is, the length of the transaction confirmation. it makes some bitcoin users into a panic, especially if the long confirmation almost one full day. it will make the poster becomes saturated and panic. apart from that there are some issues that I heard that some users lost half or the entire bitcoin that he had in his wallet, it can make bitcoin into something ugly and make bitcoin destroyed

ctlaltdefeat

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Quote from: kartaggen on February 25, 2016, 07:34:07 PM

Quote from: ctlaltdefeat on February 25, 2016, 03:26:15 PM

Quote from: ricardobs on February 25, 2016, 03:10:55 PM

Quote from: Drewski on February 24, 2016, 07:08:56 PM

The thing that's gonna kill bitcoin is the lag time between payment and confirmation. Also, the need for escrow for larger transactions.

Sometimes transactions are taking long time to complete. But you cannot say that it will destroy bitcoins. There has to be a solution to this problem and when the solution will be implement, bitcoins will rise to new heights

Delayed transaction wouldn't "destroy" bitcoin, but maybe it broke bitcoin feature that we know the fastest transaction.
Nothing can destroy bitcoin unless United Nation decide to shut down every activity realted to bitcoin .

And I don't see it happening bitcoin is decentralized and it will continue its freedom in future too, no government body or UN can control it, so just relax and enjoy the fun of holding bitcoins.

True, government or even UN can't touch / control bitcoin, but once they decide to announce that bitcoin is totally illegal and agreed by most countries in the world people will leaving bitcoin and dump hardly the price in exchange then make bitcoin worthless means they destroy it.

Nemesis099

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Quote from: Pattart on February 25, 2016, 09:57:41 PM

Quote from: knowhow on February 25, 2016, 03:15:05 PM

Some problems as confirmation will have to be handled over the year ,we all know that this is one of tabu around bitcoin as we send it instant but its required some minutes to get the money able to moove,soo i believe the team around bitcoin can solve any problem related to bitcoin or that appears at it.

a team of bitcoin ? i think bitcoin is dezentralitation. is it possible any team ?

He is talking about the core development team of bitcoins they can surely make this issue resolve as many of us are facing the problem of confirmation time of transactions.

Pattart

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Quote from: knowhow on February 25, 2016, 03:15:05 PM

Some problems as confirmation will have to be handled over the year ,we all know that this is one of tabu around bitcoin as we send it instant but its required some minutes to get the money able to moove,soo i believe the team around bitcoin can solve any problem related to bitcoin or that appears at it.

a team of bitcoin ? i think bitcoin is dezentralitation. is it possible any team ?

doctor877

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Quote from: iamthesky on February 25, 2016, 08:53:47 PM

I don't think that anything can destroy bitcoin atleast for an decade, bitcoin is still in its primary stage and will become more popular in future, and no one has control over it so none can destroy it.

Yeah, but only fear that I have is government comes into action then they can destroy bitcoins, no doubt no one has control over it, but still have a feeling that they can ban the use of bitcoin in their country.

iamthesky

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I don't think that anything can destroy bitcoin atleast for an decade, bitcoin is still in its primary stage and will become more popular in future, and no one has control over it so none can destroy it.

kartaggen

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Quote from: ctlaltdefeat on February 25, 2016, 03:26:15 PM

Quote from: ricardobs on February 25, 2016, 03:10:55 PM

Quote from: Drewski on February 24, 2016, 07:08:56 PM

The thing that's gonna kill bitcoin is the lag time between payment and confirmation. Also, the need for escrow for larger transactions.

Sometimes transactions are taking long time to complete. But you cannot say that it will destroy bitcoins. There has to be a solution to this problem and when the solution will be implement, bitcoins will rise to new heights

Delayed transaction wouldn't "destroy" bitcoin, but maybe it broke bitcoin feature that we know the fastest transaction.
Nothing can destroy bitcoin unless United Nation decide to shut down every activity realted to bitcoin .

And I don't see it happening bitcoin is decentralized and it will continue its freedom in future too, no government body or UN can control it, so just relax and enjoy the fun of holding bitcoins.

ctlaltdefeat

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Activity: 464

Merit: 250

Quote from: ricardobs on February 25, 2016, 03:10:55 PM

Quote from: Drewski on February 24, 2016, 07:08:56 PM

The thing that's gonna kill bitcoin is the lag time between payment and confirmation. Also, the need for escrow for larger transactions.

Sometimes transactions are taking long time to complete. But you cannot say that it will destroy bitcoins. There has to be a solution to this problem and when the solution will be implement, bitcoins will rise to new heights

Delayed transaction wouldn't "destroy" bitcoin, but maybe it broke bitcoin feature that we know the fastest transaction.
Nothing can destroy bitcoin unless United Nation decide to shut down every activity realted to bitcoin .

knowhow

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Activity: 560

Merit: 500

Some problems as confirmation will have to be handled over the year ,we all know that this is one of tabu around bitcoin as we send it instant but its required some minutes to get the money able to moove,soo i believe the team around bitcoin can solve any problem related to bitcoin or that appears at it.

ricardobs

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Quote from: Drewski on February 24, 2016, 07:08:56 PM

The thing that's gonna kill bitcoin is the lag time between payment and confirmation. Also, the need for escrow for larger transactions.

Sometimes transactions are taking long time to complete. But you cannot say that it will destroy bitcoins. There has to be a solution to this problem and when the solution will be implement, bitcoins will rise to new heights

Topic: The thing that will destroy Bitcoin. (Read 7312 times)