Topic: What if Bitcoin Fails ? (Read 1216 times)
if bitcoin fails then all alcoins also fail and disappear bitcoin is the king of other alcoins all alcoins depend on bitcoin when the bitcoin price goes up then alcoin also goes up if bitcoin goes down the alcoin price also goes down, in my opinion if bitcoin fails then crypto currency will also be lost.
Some comments above are very dissatisfying with how some members have been here for a long period of time, I mean at this stage of bitcoin, do you need more years to define the success of bitcoin? Common! That's the old fashion statement Thomas was using and they have all become bitcoin maxist.
There is this quote from satoshi that says:
Source:- https://quotefancy.com/quote/1792582/Satoshi-Nakamoto-If-you-don-t-believe-it-or-don-t-get-it-I-don-t-have-the-time-to-try-to
If by 2022 and anyone still doubts the bitcoin journey, there is nothing we can do for them, believe it or continue to save up your paper money until inflation ruins everything about you.
There is this quote from satoshi that says:
Quote
“If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.”
Source:- https://quotefancy.com/quote/1792582/Satoshi-Nakamoto-If-you-don-t-believe-it-or-don-t-get-it-I-don-t-have-the-time-to-try-to
If by 2022 and anyone still doubts the bitcoin journey, there is nothing we can do for them, believe it or continue to save up your paper money until inflation ruins everything about you.
Many people think that bitcoin technology can be hacked and the fact that until now this has not been proven, but I'm never a fan of saying that bitcoin is the best and can last for a long time, in my opinion if bitcoin still lasts for another 15 years of course it is great achievement of this century, and I believe that one day there will be a technology that can replace bitcoin.
Why should it take another 15 years to determine the reputation of cryptocurrencies, obviously bitcoin can last forever as long as there is demand and supply, don't forget that cryptocurrencies are legal in many countries and even El Salvador has legalized Bitcoin as a legal payment currency. Bitcoin can’t fail. It has already succeeded. Blockchain technology is out of the bag and people have a new way of fighting financial oppression in the digital age. So even if Bitcoin’s price goes to zero, it will not be a failure.
Though technology is the main objective why Bitcoin is succeed, but I don't think Bitcoin will survive if the price goes to zero. That's mean no one is interested with Bitcoin anymore and no one is using Bitcoin for anything, not even enough to buy a candy. However I tend to agree Bitcoin can't fail, even there's a new currency with better technology to compete Bitcoin, at least Bitcoin's price will decrease but goes to zero.Whatever happens to bitcoin, the cryptocurrency will continue to evolve.
Bitcoin is never fall. Some time price will be go down. But it never fall. Bitcoin is any time to up and down. It not easy guess the price. If it demand in mark place that time price will be increase. If available in market place price will be go down. So if need for the information check the marketplace price day by day. Them easy to handle the bitcoins.
I have seen a lot of times that the price of bitcoin is falling however I haven't seen cryptocurrency failing because once bitcoin fails we can expect that crypto may fails too. For me, crypto market keeps going stronger than it was before and the most amazing thing happen is that there are many people knows about cryptocurrencies and there are already countries which accepts cryptocurrency especially bitcoin and that's already a great indication that bitcoin will not fail.
Bitcoin is never fall. Some time price will be go down. But it never fall. Bitcoin is any time to up and down. It not easy guess the price. If it demand in mark place that time price will be increase. If available in market place price will be go down. So if need for the information check the marketplace price day by day. Them easy to handle the bitcoins.
You mean if crypto currencies fail, because there are also other crypto currencies that can achieve the same (privacy, decentralization and all those stuffs). But yeah, if bitcoin fails, the whole crypto market will fail, hence all the points you states automatically becomes valid.
Bit confused, what Bitcoin has to do with energy? I mean the transition of energy you are talking about.
Bit confused, what Bitcoin has to do with energy? I mean the transition of energy you are talking about.
Bitcoin will not fail. It is a very young currency, and many new features are being built into it that makes it better than ever. Just like the internet is the underlying technology that powers the entire internet, the blockchain is the underlying technology that powers bitcoin. Other forms of digital currency are being built on the blockchain. All of these will continue to grow and expand and become more widespread. The blockchain, unrestricted by being tied to any one digital currency, will continue to grow as well.
Lol what new features are being built? Most of the things you said doesn't make any sense or you are contradicting your own self. 
Bitcoin didn’t exist before and we were able still to do transactions via bank or p2p. If bitcoin fails we will only go back in older method of transactions as well of investing. For some people, they are still nt aware of Bitcoin existence especially those people leave in 3rd world country so it will not bother them , only those who already know crypto will be affected but soon we know that there will be new inventions or method that might be alike in crypto if ever bitcoin fails.
But this is just what if and there's no way a Billion dollar marketcap will gonna fail because its already working and being used by millions. Technically if Bitcoin fails then most of the blockchain project fails because Bitcoin existence is rely only on the blockchain technology. Without blockchain, Bitcoin is just a normal cryptocurrency.
Many people especially in 3rd world countries who do not know about bitcoin is still alive and existing and before bitcoin we were existing. If bitcoin fails it will only affect bitcoiners very well and according to you another technology that will work like bitcoin will emerge, so there is nothing to fear about if bitcoin fails.But this is just what if and there's no way a Billion dollar marketcap will gonna fail because its already working and being used by millions. Technically if Bitcoin fails then most of the blockchain project fails because Bitcoin existence is rely only on the blockchain technology. Without blockchain, Bitcoin is just a normal cryptocurrency.
Are you saying that if bitcoin fails, blockchain will fail together with bitcoin? I think OP is saying if bitcoin fails and altcoins don't fail. Which I think doesn't really go well. Because bitcoin can only fail if blockchain fails.
As long as the inflation thrives the existence of cryptos is ensured.
The only alternative is Gold but Gold with its unfair spreads (10-20%) has no chance. Sure they are alternatives like Aurupay.com without spreads but their Gold is digital. If you want to hold this Gold in your hands you have to initiate a delivery which costs about 25$. So you pay more or less on another way, but for bigger Gold deliveries its a cheap choice.
The only alternative is Gold but Gold with its unfair spreads (10-20%) has no chance. Sure they are alternatives like Aurupay.com without spreads but their Gold is digital. If you want to hold this Gold in your hands you have to initiate a delivery which costs about 25$. So you pay more or less on another way, but for bigger Gold deliveries its a cheap choice.
Then humanity needs another savior. We are ruled by a bunch of elites at the top calling themselves politicians, and long long time ago people forgot that politicians are people we elect to represent us, and started to imagine they are the betters of us, they somehow turned elections into picking our rulers instead of our voices.
This is why we need bitcoin right now, those politicians will burn a whole nation down if it means it will benefit them, and there is nothing you can do about it because there are people who will vote for them if they burn it into the ground while saying the things they want to hear. Bitcoin is not just economical, it is also political for me.
This is why we need bitcoin right now, those politicians will burn a whole nation down if it means it will benefit them, and there is nothing you can do about it because there are people who will vote for them if they burn it into the ground while saying the things they want to hear. Bitcoin is not just economical, it is also political for me.
Bitcoin will not fail. It is a very young currency, and many new features are being built into it that makes it better than ever. Just like the internet is the underlying technology that powers the entire internet, the blockchain is the underlying technology that powers bitcoin. Other forms of digital currency are being built on the blockchain. All of these will continue to grow and expand and become more widespread. The blockchain, unrestricted by being tied to any one digital currency, will continue to grow as well.
Bitcoin and blockchain are not the same. Bitcoin is a currency that makes use of blockchain while blockchain is the technology that powers the transaction. Anyways the both of them are new and the world is getting to know about these new technologies and how to make use of them in a way that they would benefit the world. And of course there is nothing like failure for any of these.Blockchain on its own is very useful and is believe that it would power a lot of things in the future and not just transactions. Bitcoin too is also useful and so far it has been the truly decentralized cryptocurrency that we know.
Bitcoin won't fail. Billions of dollars are at risk now. Big institutions, big billionaires, even the government people... they won't let it fail. Every day bitcoin don't fail, it becomes stronger. The stronger it becomes, the closer it gets replacing the current FIAT system. The moment the FIAT people realize the threat, it will be already too late.
Many people think that bitcoin technology can be hacked and the fact that until now this has not been proven, but I'm never a fan of saying that bitcoin is the best and can last for a long time, in my opinion if bitcoin still lasts for another 15 years of course it is great achievement of this century, and I believe that one day there will be a technology that can replace bitcoin.
For now it is too early to think of bitcoin to fail. Being technology backed any form of changes can be done over the technology. This will keep things updated and doesn't let the network down. As things with bitcoin is done in a well planned manner, so nothing to worry of control from the government, privacy, etc. To the need of people we'll see more changes happening around, maybe in such a way if some other technology overcomes then bitcoin might find difficulty in moving forward.
Bitcoin will not fail. It is a very young currency, and many new features are being built into it that makes it better than ever. Just like the internet is the underlying technology that powers the entire internet, the blockchain is the underlying technology that powers bitcoin. Other forms of digital currency are being built on the blockchain. All of these will continue to grow and expand and become more widespread. The blockchain, unrestricted by being tied to any one digital currency, will continue to grow as well.
nobody knows if bitcoin will fail or not, bitcoin would have fail assuming government continue to abolish the development. Since is being created by some one bitcoin can fail. Even with fear of investors and bad news that will come from a country that is supporting bitcoin will make it to lose some values, if bitcoin will fail is not of ten years now because of the massive support and the way countries that is having crisis is using it for surviving through importations and donations 
The fail of all human civilization (otherwise I don't see any option of losing Internet and power supplies in entire world at once) can lead to bitcoin failure of course, but there could be some other options in the distant future:
The "newer" technology could be against bitcoin as well, instead of being better than bitcoin. Just to give an example, quantum computing is a thing that has been worked on for many years now, there is currently not success that threatens us but at the same time we are talking about a possibility in the future.- newer technology which can be better than Bitcoin (if Bitcoin was invented than some other technology can be invented as well),
- money can lose their sense with possible changing of social formations and if that happen bitcoin will lose it's sense as well.
It means that if we end up with something like that, it could also attack bitcoin and that will result with something bad for us. It could hack into crypto in seconds, all those hardcore wallets that couldn't be hacked with brute hacking so far, could be hacked into in seconds, which shows that newer technology could be used to destroy bitcoin as well.
Yes, it can happen. And I hope and believe that devs of bitcoin code are aware of that possibility and will make a hardfork with computing threat protection long before it will became a real problem. But right you are, we need to keep in mind that new technologies can be hostile to bitcoin and try to provide protection in advance.
Bitcoin will not fail. It is a very young currency, and many new features are being built into it that makes it better than ever. Just like the internet is the underlying technology that powers the entire internet, the blockchain is the underlying technology that powers bitcoin. Other forms of digital currency are being built on the blockchain. All of these will continue to grow and expand and become more widespread. The blockchain, unrestricted by being tied to any one digital currency, will continue to grow as well.
1/ If Bitcoin fails, Privacy Fails
The ability for individuals to send & receive value peer-to-peer without the interference of government & the banking system will be lost. Bitcoin allows for a future where anyone can have private access to their money.
2) If Bitcoin fails, Censorship Wins
We are in an unprecedented age of censorship. Bitcoin is the most secure network that has ever been built. Resilient, antifragile, & permission-less. Open to anyone in the world. There is nothing else like it. Bitcoin can’t be censored.
3) If Bitcoin Fails, Big Government Wins
The government can lose hundreds of billions annually but want us to report every time we spend over $600. There is no government accountably or transparency in our system. Without Bitcoin we lose the only counterweight to that system.
4) If Bitcoin fails, Central Banks Win
Unelected bureaucrats decide the value of your labor & time. Money is the way we store the value of our time on this earth. No one should have the power to inflate the value of your time away from you. Bitcoin’s set 21MM supply fixes this.
5) If Bitcoin fails, Free Speech fails
Bitcoin is code. Letters & numbers. A private key is all you need to be able to store, transport & transact value with. Never in human history has speech & language been this powerful. The freedom to speak is the most basic of human rights.
6) If Bitcoin fails, Objective Truth is Lost
"What is truth?” has never been more convoluted. You can find experts on both sides with “internet facts” supporting them. Bitcoin is the only thing we have that is truly objective & transparent. The longest chain speaks for itself.
7) If Bitcoin fails, The Energy Transition Fails
If the hope is to transition to a new energy future, we need Bitcoin, the energy buyer of first & last resort. Bitcoin monetizes energy waste & incentivizes new & efficient energy resources. Energy & Bitcoin are nearly synonymous.
8 ) If Bitcoin fails, Capitalism Fails
There is no CEO of Bitcoin. Bitcoin gained value organically, from the bottom up. The Network represents the spirit of capitalism harnessed in code. Self-interest combined with innovation & ingenuity. If you value capitalism, value Bitcoin.
9 ) If Bitcoin fails, We Will Own Nothing
We don’t own anything of value. Property & money are regulated & stored with custodians. You don’t own it; you just have a claim. With Bitcoin, the value of your life’s work can be stored in a few words. Free to take with you anywhere.
10 ) Bitcoin is too important to fail
If you value freedom, transparency, and truth, then you should want Bitcoin to succeed
If you value oppression, censorship, and corruption, then you should want Bitcoin to fail
We can't let Bitcoin fail.
https://twitter.com/max_gagliardi/status/1485308690035056647?t=-vF-9ZE_FRxdIJD2u2rdng&s=19
The ability for individuals to send & receive value peer-to-peer without the interference of government & the banking system will be lost. Bitcoin allows for a future where anyone can have private access to their money.
2) If Bitcoin fails, Censorship Wins
We are in an unprecedented age of censorship. Bitcoin is the most secure network that has ever been built. Resilient, antifragile, & permission-less. Open to anyone in the world. There is nothing else like it. Bitcoin can’t be censored.
3) If Bitcoin Fails, Big Government Wins
The government can lose hundreds of billions annually but want us to report every time we spend over $600. There is no government accountably or transparency in our system. Without Bitcoin we lose the only counterweight to that system.
4) If Bitcoin fails, Central Banks Win
Unelected bureaucrats decide the value of your labor & time. Money is the way we store the value of our time on this earth. No one should have the power to inflate the value of your time away from you. Bitcoin’s set 21MM supply fixes this.
5) If Bitcoin fails, Free Speech fails
Bitcoin is code. Letters & numbers. A private key is all you need to be able to store, transport & transact value with. Never in human history has speech & language been this powerful. The freedom to speak is the most basic of human rights.
6) If Bitcoin fails, Objective Truth is Lost
"What is truth?” has never been more convoluted. You can find experts on both sides with “internet facts” supporting them. Bitcoin is the only thing we have that is truly objective & transparent. The longest chain speaks for itself.
7) If Bitcoin fails, The Energy Transition Fails
If the hope is to transition to a new energy future, we need Bitcoin, the energy buyer of first & last resort. Bitcoin monetizes energy waste & incentivizes new & efficient energy resources. Energy & Bitcoin are nearly synonymous.
8 ) If Bitcoin fails, Capitalism Fails
There is no CEO of Bitcoin. Bitcoin gained value organically, from the bottom up. The Network represents the spirit of capitalism harnessed in code. Self-interest combined with innovation & ingenuity. If you value capitalism, value Bitcoin.
9 ) If Bitcoin fails, We Will Own Nothing
We don’t own anything of value. Property & money are regulated & stored with custodians. You don’t own it; you just have a claim. With Bitcoin, the value of your life’s work can be stored in a few words. Free to take with you anywhere.
10 ) Bitcoin is too important to fail
If you value freedom, transparency, and truth, then you should want Bitcoin to succeed
If you value oppression, censorship, and corruption, then you should want Bitcoin to fail
We can't let Bitcoin fail.
https://twitter.com/max_gagliardi/status/1485308690035056647?t=-vF-9ZE_FRxdIJD2u2rdng&s=19
In my opinion, I think there are too many shitcoins/altcoins, so it's possible one of them would take the place of bitcoin.
The fail of all human civilization (otherwise I don't see any option of losing Internet and power supplies in entire world at once) can lead to bitcoin failure of course, but there could be some other options in the distant future:
The "newer" technology could be against bitcoin as well, instead of being better than bitcoin. Just to give an example, quantum computing is a thing that has been worked on for many years now, there is currently not success that threatens us but at the same time we are talking about a possibility in the future.- newer technology which can be better than Bitcoin (if Bitcoin was invented than some other technology can be invented as well),
- money can lose their sense with possible changing of social formations and if that happen bitcoin will lose it's sense as well.
It means that if we end up with something like that, it could also attack bitcoin and that will result with something bad for us. It could hack into crypto in seconds, all those hardcore wallets that couldn't be hacked with brute hacking so far, could be hacked into in seconds, which shows that newer technology could be used to destroy bitcoin as well.
I believe that the failure of bitcoin should not be confused with the failure of the blockchain, which will never occur. During the intern boom, many internet companies, including large ones, failed, but the internet as a technology never failed. It has changed the way the world operates today.
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