Topic: We have to be aware that bitcoin will not last forever - page 10. (Read 1791 times)
I believe on the same thing though as to when it can culminate nobody can be sure. Bitcoin is the pioneering one and that paved the way for many of its own competitors in the market and we know that it has some limitations and many challenges...soon there can be one cryptocurrency that might be replacing it but of course we still don't know which can it be. Ethereum which is considered as a possible heir has its own many limitations and problems as well. Let's just hope that the one to be replacing Bitcoin is near-perfect and more suited to the present and future market needs.
Yes we know that there was ending. Bitcoin is just like love that has ups and down, and also we both all know that nothing last forever. All things in the world has an ending. Maybe now bitcoin is dropping next year bitcoin will go up. And someday we will have a new currency something like bitcoin and we will forget bitcoin and that is the start of shutting down.
It's highy likely that Bitcoin will be replaced with a more superior crypto. And it's okay, because everyone knows that Bitcoin's code and overall implementation aren't perfect.
this forum still attracts people unable to get the reality.
That can be said about you as well. It seems that regardless of what the argument is, you write Bitcoin off each and every time. If one thing has become clear lately, that's the wrong thing to do.On the other hand, yes, people indeed like to think way ahead of themselves in terms of Bitcoin's potential, but it's not entirely unrealistic. Stacking layers on top of Bitcoin and any other crypto seems to be the way to go.
The layers running in top of Bitcoin will be able to provide convenience, speed, extremely low fees, and so forth. The only obstacle based on that is the volatility this market as a whole suffers from.
Yes that is the truth, bitcoin will not last forever there are no things in this world that will last forever ,it will be replace with a new one , like the generation of human it changes as the decades come to an end , so for this bitcoin , when the time it will be gone ,there would be a new technoloy that would replace for this current technology, and could be more than bitcoin.
There many technology to come and once they are on the old goes away like you trying to say but bitcoin is a digital currency that is used to trade and exchange of value while we have alts too which is the second way to transfer the value to each other I don't see btc becoming obsolete in 10years time but will be much stronger as the time for useful is yet to come and the number of user are still very low to the general population.
Anything is never permanent in this world , yes Bitcoin also will decline , same goes with Currencies of nations like USD they also will decline. But we have to understand that Bitcoin is pretty much very young it will bloom with time. Technology will be developed and Blockchain will also be developed.
a one world currency can last a long time. and bitcoin seem to be heading that way
this forum still attracts people unable to get the reality.
a one world currency can last a long time. and bitcoin seem to be heading that way
Generaly I agree that nothing lasts forever and has to end some day in some way.
Still that day will not come so soon for Bitcoin. I think it will last as long as their users support it. It's also true that probably some more developed and sophisticated technology will replace Bitcoin but no one can say if and when this is going to happen. Maybe Bitcoin will not end but just transforme to some other version, similar like paper money is transfering to digital and virtual money but this is also hard to guess.
Anyway, I think that Bitcoin will last many years from no one and at the moment I'm not worried what will happen once is gone. This might not happen in my lifetime.
Still that day will not come so soon for Bitcoin. I think it will last as long as their users support it. It's also true that probably some more developed and sophisticated technology will replace Bitcoin but no one can say if and when this is going to happen. Maybe Bitcoin will not end but just transforme to some other version, similar like paper money is transfering to digital and virtual money but this is also hard to guess.
Anyway, I think that Bitcoin will last many years from no one and at the moment I'm not worried what will happen once is gone. This might not happen in my lifetime.
Nothing around us will last forever. The computer I'm using now will only last a few years, but I'm confident BTC will last many more decades. Even if the network's going down to 2 computers, BTC can keep on going. The real question is how many people will keep on using it. I hope it will grow, and each time I'm watching the news, I see reasons to be hopeful. I see larger and larger deficits in most countries. I see more and more taxes to try to curb those deficits. I see more and more civil unrest, the yellow vests people in France, the occupy people in the US... Sooner or later, people will realize that BTC is a safe way to keep your savings, and to do business outside of the eyes of the devil, the taxman.
Doesn't matter digital or any kind of technology, we humans develop nonstop. Imagine, at first we were exchanging some items in another items, then we created something that would be beneficial and acceptable for exchange for everyone and created coin, then china made better, more flexible version of it, paper money. Then we created pc, internet and online money came from it. This is not the end and we created something new and unique, cryptocurrency. This won't be end and in future there will be some kind of moneh which maybe we can't even dream now, we always improve, it's just our nature.
P.S bitcoin will be well for years but don't know what will happen once all coin will be mined
P.S bitcoin will be well for years but don't know what will happen once all coin will be mined
It's better to believe for the new technology wil not last forever, Because new technology gives benefits this new currency bitcoin or virtually cryptocurrency using the new technologies.
I believe until the newt technology not obsolete virtual cryptocurrency still stay until forever and bty the help of the people support.
I believe until the newt technology not obsolete virtual cryptocurrency still stay until forever and bty the help of the people support.
Like all digital technology, it is unquestionable that sooner or later bitcoin will have to be replaced by a superior technology, just as in the past we saw many devices become obsolete when at the time seemed insurmountable, such as CDs or PCs.
Obviously this will happen in a gradual way, but I do not believe that bitcoin can retain its current dominance for more than ten years before starting to fall into disuse, although perhaps its influence could persist in the market about ten years.
In the end, bitcoin is likely to subsist for many years, but by then it will have evolved in such a way that it will be virtually unrecognizable for today’s standards, and in fact it is difficult that in 15 years there is something similar to the current cryptocurrencies before the spectacular advances in digital technology that are approaching.
Even if bitcoin gets demoted into a coin only priced based on sentimental value "for the good ol' times", I'm pretty sure that its successor will have its ANN thread started on this very forum.Obviously this will happen in a gradual way, but I do not believe that bitcoin can retain its current dominance for more than ten years before starting to fall into disuse, although perhaps its influence could persist in the market about ten years.
In the end, bitcoin is likely to subsist for many years, but by then it will have evolved in such a way that it will be virtually unrecognizable for today’s standards, and in fact it is difficult that in 15 years there is something similar to the current cryptocurrencies before the spectacular advances in digital technology that are approaching.
So we need to be vigilant and join the early adopters.
Bitcoin is like a program. Look at Windows. Would you say in 1995 that it is not going to last forever? It didn't, in the form that it had in that year, but I'm still using a windows Machine, only that it's a bit different from the machine that I had in 95. Bitcoin can survive for a 100 years if it has a community behind it and that community is active, like the one we have now. I agree that nothing lasts forever but it can last for as long as we need it to last.
Is investing in bitcoin a good idea?
Nothing will last forever but it will certainly last longer than 10 years. The most important part of something lasting for a long time is ability to be maintained and upgraded. BTCitcoin have bring us a great feature of monetary system that world has never seen before. This is just the beginning of something great. Don't be afraid investing into it as long as you don't see some major outbreak in technology that will be much better which will happen eventually at some point where we as a human species will evolve dramatically with AI singularity.
-Everything is open source, quantum computers are threat but they can be countered by development and adding more digits.
-Government cannot ban it. They can but... they can't stop it. It would just take longer time to adopt it.
-You have gov. and major corporations who might want to centralize or take over it but again you have the same thing in market stocks while blockchain gives you more comfort zone while anything can happen with stocks.
If you are afraid of it the best advice from me would be that you should never invest into something that you don't feel comfortable with. Never invest more than you are ready to lose and never invest into just 1 project because as my personal moto says: "anything can happen"
-Everything is open source, quantum computers are threat but they can be countered by development and adding more digits.
-Government cannot ban it. They can but... they can't stop it. It would just take longer time to adopt it.
-You have gov. and major corporations who might want to centralize or take over it but again you have the same thing in market stocks while blockchain gives you more comfort zone while anything can happen with stocks.
If you are afraid of it the best advice from me would be that you should never invest into something that you don't feel comfortable with. Never invest more than you are ready to lose and never invest into just 1 project because as my personal moto says: "anything can happen"
Like all digital technology, it is unquestionable that sooner or later bitcoin will have to be replaced by a superior technology, just as in the past we saw many devices become obsolete when at the time seemed insurmountable, such as CDs or PCs.
Obviously this will happen in a gradual way, but I do not believe that bitcoin can retain its current dominance for more than ten years before starting to fall into disuse, although perhaps its influence could persist in the market about ten years.
In the end, bitcoin is likely to subsist for many years, but by then it will have evolved in such a way that it will be virtually unrecognizable for today’s standards, and in fact it is difficult that in 15 years there is something similar to the current cryptocurrencies before the spectacular advances in digital technology that are approaching.
First and foremost, there's no such thing as forever. We human beings have brilliant minds and every year there are new inventions or projects that are being discovered for the benefit of mankind in the name of technology. We are moving forward into a digital world where people are hungry for new ideas and innovations but I'm pretty sure that the dominance of bitcoin will prevail up to 20 years or more. Bitcoin is the mother of all coins and it's not that easy to replace the very first application of the blockchain. Obviously this will happen in a gradual way, but I do not believe that bitcoin can retain its current dominance for more than ten years before starting to fall into disuse, although perhaps its influence could persist in the market about ten years.
In the end, bitcoin is likely to subsist for many years, but by then it will have evolved in such a way that it will be virtually unrecognizable for today’s standards, and in fact it is difficult that in 15 years there is something similar to the current cryptocurrencies before the spectacular advances in digital technology that are approaching.
Every success of a new crypto that's being introduced into the market depends on bitcoin's value. So as a whole if bitcoin's value falls so as the alt coins. The best thing we need to do is not to make bitcoin's image a bad one instead promote it for the benefit of the crypto market as a whole.
Bitcoin exists because of the technology within it, which is the blockchain. We all know that technology is changing through time. In our lifetime, maybe bitcoin will flourish. But, as time goes by, new technology will come and for sure it qould be better. For the meantime, this the time for bitcoin amd its technology.
I have thought of this many times and have said it also that more greater innovation will come in some years in the future that will surpass bitcoin and blockchain technology as we know it. There is a saying that there is no master for life which means everyoje can be master at different time. Just that bitcoin will continue to trend till many years to come after major adoption and great incorporation.
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