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Topic: We have to be aware that bitcoin will not last forever - page 8. (Read 1772 times)

member
Activity: 350
Merit: 10
BitbondSTO.com | Germany’s First STO | Earn Stable
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.

indeed, the development of bitcoin is still fairly young, so if indeed there are conditions and volatile prices it is still normal. It's just that, if bitcoin is to be implemented in realtime, this will not be good in the future
jr. member
Activity: 95
Merit: 1
Predicting the future is tough but I'm betting on Elixxir, David Chaum's new project to gain market share where BTC was intended.  It's been shown by David Chaum and David Schwartz of Ripple that you still need very high on chain throughput to satisfy global acceptance.  You can't rely on LN or other off chain solutions entirely.  With BTC only processing 32 transactions per second instead of the 750,000- 1MM per second needed I don't see how BTC can adapt in this regard.  Of course, its not just about speed.  You also have to be environmentally sustainable and with BTC energy consumption last year as high as the Czech Republic and not even being used at scale yet this is catastrophic.  Elixxir has a brilliant consensus mechanism thats fast, sustainable and secure.  Of course, XRP will be the global standard "glue" tying fiat and any other crypto's together as a bridge asset worldwide.  Its also scalable, secure and sustainable.  XRP, Elixxir and FCT will do extremely well and for BTC to be relevant in 5 years it needs to make dramatic and very fast adjustments. 
sr. member
Activity: 719
Merit: 250
Yes I believe your opinion because Bitcoin never fruad because day by day people involving themselves in the cryptocurrency due to security, transfer facilities, less risk and any others facilities.
Yes we should be aware about bitcoin it’s security and other risks factor. As long people involve in bitcoin it could continue existing.
hero member
Activity: 2828
Merit: 518
Any new technology in one decade can turn into more advanced or disappear. I think Bitcoin will live long and grow as the leader of the crypto community. But not forever, nothing is forever
I agree. Bitcoin has not yet shown itself in full force. But after everyone knows about it, everything will change, and perhaps a new technology will be released.
People will look into new technology and system, year after year another invention will come out. Blockchain technology isn't great at all at this time as the risk is very high in which some individuals were afraid. The used of this technology isn't particularly for currency system but it is just an investment at all. 
member
Activity: 602
Merit: 15
Any new technology in one decade can turn into more advanced or disappear. I think Bitcoin will live long and grow as the leader of the crypto community. But not forever, nothing is forever
I agree. Bitcoin has not yet shown itself in full force. But after everyone knows about it, everything will change, and perhaps a new technology will be released.
full member
Activity: 518
Merit: 102
Any new technology in one decade can turn into more advanced or disappear. I think Bitcoin will live long and grow as the leader of the crypto community. But not forever, nothing is forever
member
Activity: 434
Merit: 10
Yes I agree with you, because here in the world ending of all things are always present  that is why we need to be prepared on it, even we are not expecting somethings those things but its better prepared.

Dont invest your whole money in the crypto world but just a half on it, and use the crypto world to build your future, like building your own business using your crypto profit, so whatever happen your prepared because you have an investment in both crypto world and real world.
jr. member
Activity: 1232
Merit: 1
Yes I believe your opinion because Bitcoin never fruad because day by day people involving themselves in the cryptocurrency due to security, transfer facilities, less risk and any others facilities.
legendary
Activity: 1666
Merit: 1001
I agree, nothing will last forever,so Bitcoin need to keep on updating and creating new technology so the users feel more satisfy with Bitcoin, Bitcoin need to bring the best so it can become the king of crypto, with constant improvement I believe Bitcoin will survive longer, Bitcoin existence is depend on the users,so when the users still using it then Bitcoin will keep on going
newbie
Activity: 30
Merit: 0
I think maybe it can if the public will be open to it and will give it a chance...
member
Activity: 602
Merit: 15
I think that your concerns are completely in vain. Bitcoin is a technology and system that can be refined and improved constantly.
legendary
Activity: 2618
Merit: 1181
Already planted that on my mind, gladly i already have a little shop that build with profit from bitcoin, so when this all end i still have something that can give me income in future. It must be done by everyone too before it's too late.
full member
Activity: 644
Merit: 100
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.


Let we say that there has a possibilty that bitcoin will have a competitor even now there is Eth and other coins that want to become number 1 in ranking. As of now, bitcoin is in the top rank lets enjoy it before it will loose its value because of coming coins that will won against bitcoin. But as of now, that bitcoin is popular to used it will not defeated. Lets believe to want bitcoin will do and continue to explore to it.
newbie
Activity: 7
Merit: 0
I imagine the utility of bitcoin will last forever, but not its value as a speculative investment. Blockchain will be valuable for many years to come, I think, and Bitcoin is the biggest name in that space. Excited to see what people do with it. Not convinced it's a solid 10-20 year investment though.
legendary
Activity: 2436
Merit: 1362
Well for me it will last forever because it will outlive me and probably
everyone else on this forum too.

No need to get hung up on the life span of bitcoin. If we work towards
keeping it alive while we are around we can pass it on to the next group.
sr. member
Activity: 503
Merit: 250
We couldn't expect that it could always be with us,
We should also consider that it wouldn't last forever,
But one thing is for sure even if the Bitcoin ends crypto currency would stay.
legendary
Activity: 1904
Merit: 1000
Nothing last forever so it is possible that bitcoin will one day be replaced by something more suprior but for now bitcoin is still the best with the attached blockchain technology. Bitcoin has been around for ten years now and it is still waxing strong leading other altcoin both in price and volume.

True, nothing will last forever but from my own researches, bitcoin will last longer and there is no sign yet for its existence will be gone. It may be replaced by the other technology someday but it won't happen soon. Keep updating ourselves with the recent news regularly will for sure help us to devolve if the transition occurs, someday.
jr. member
Activity: 308
Merit: 8
Nothing last forever so it is possible that bitcoin will one day be replaced by something more suprior but for now bitcoin is still the best with the attached blockchain technology. Bitcoin has been around for ten years now and it is still waxing strong leading other altcoin both in price and volume.
sr. member
Activity: 798
Merit: 258
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.

Maybe for you mate bitcoin will not last forever, but for bitcoin fanatic of course they will hold to this belief.
as long as that there is a users who continued patronizing its features for sure it will survive for a years. And we cannot say what will happen
tomorrow, and also the market was very unpredictable too.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
Of course. Nothing will last forever. Eventually everything will get replaced. But, this replacement is not going to be instant. It will probably takes decades before the replacement takes place. Like look at what happened to VHS tapes and VCRs. We don't use them anymore because something better has been developed which eventually took over. The same thing might happen with crypto currencies. They will be replaced with something better, but will take long enough before it actually happens.
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