Topic: What if Bitcoin Fails ? - page 3. (Read 1203 times)
If Bitcoin fails, another cryptocurrency will arise and will likely do so within a year. The technology behind Bitcoin will continue developing in that case and other cryptocurrencies will bring some exciting new technology to the table. If that new cryptocurrency fails, then another one will certainly come up. So the point is this: this is not the end for cryptocurrencies. Some cryptocurrency will become the dominant one and it will become the global currency.
If Bitcoin fails, another cryptocurrency will arise and will likely do so within a year. The technology behind Bitcoin will continue developing in that case and other cryptocurrencies will bring some exciting new technology to the table. If that new cryptocurrency fails, then another one will certainly come up. So the point is this: this is not the end for cryptocurrencies. Some cryptocurrency will become the dominant one and it will become the global currency.
Technology is not the only part of success of bitcoin. Trust is much more important: people believe that bitcoin has value and technology just makes that belief working. If bitcoin would ever fail it would cause a problem with trust to entire crypto world, so no, it can't be so that any other cryptocurrency can replace bitcoin if it fails. Cryptocurrencies can grow and become substantive only if bitcoin would be still succeeding, at least for now and for years.
it wont technically fail until price drops below electric cost to keep asics going. problem is the asics burn 3k watts just for one so it doesnt take much for it to go pure dead.
BTC already failed this year, as in total failure economically. We had massive inflation and still btc couldnt keep up with a collapsing dollar.
Bitcoin is a failure its a matter of time before the asics are shut down. I think this was the calculations china saw in shutting down btc miners. BTC is a dead end. Some digital currency is awesome but btc failed
BTC already failed this year, as in total failure economically. We had massive inflation and still btc couldnt keep up with a collapsing dollar.
Bitcoin is a failure its a matter of time before the asics are shut down. I think this was the calculations china saw in shutting down btc miners. BTC is a dead end. Some digital currency is awesome but btc failed
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10 ) Bitcoin is too important to fail
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10 ) Bitcoin is too important to fail
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What would be if the Universe never existed? Well there would be no such strange discourse as there would be none to lead it. But we know that the Universe do exist (anyhow, anyway).
Why should bitcoin fail? It is decentrlized enough and has big enough support to survive even if the situation will change for the worse. It will not fail and we know that right now. All other concepts are philosophical: what would be if.
Sorry my guy, bitcoin has succeeded already. Something the government and the big financial institutions couldn't bring down but had to see how they can benefit from it. It's too late to stop the revolution called bitcoin. The people have won.
who the fuck do you think funded the massive public relations campaign that kicked off bitcoin? nvidia? well ok they pitched in too. Do you remember the super early press campaign where nvidia openly was backing bitcoin to help the poor losers who lost money buying 3d hardware recoup? I do
Sorry my guy, bitcoin has succeeded already. Something the government and the big financial institutions couldn't bring down but had to see how they can benefit from it. It's too late to stop the revolution called bitcoin. The people have won.
One can still expect bitcoin to technically fail in the future if they find a severe vulnerability. That could be possible because I believe bitcoin also still needs improvement, especially regarding its scalability. Bitcoin can be replaced in the future if there is another instrument that is more perfect than that because currency failures have occurred before. Bitcoin is a human creation which allows it to have some drawbacks, so make sure you consider all the consequences if you really like bitcoin.
I honestly never expected bitcoin to fail, but I can't hide the fact that we can never see anything about bitcoin in the future.
I honestly never expected bitcoin to fail, but I can't hide the fact that we can never see anything about bitcoin in the future.
Bitcoin already failed. IT was supposd to be a better system than wall street fed reserve organized crime. Well bitcoin has suffered more great depression grade crashes than wall street criminals history in only 10 years.
FAIL
I may not buy this your view bitcoin have not failed before and the technology behind it have been around for just 10 years and has constantly improved by way of price recovery at every time. This is why the government are trying all means possible to stop it growth and adoption but Bitcoin users are reliance in spirit. FAIL
Maybe bitcoin Never Fails 
Bitcoin already failed. IT was supposd to be a better system than wall street fed reserve organized crime. Well bitcoin has suffered more great depression grade crashes than wall street criminals history in only 10 years.
FAIL
FAIL
I don’t think that there is any possibility of Bitcoin failing. Bitcoin doesn’t have any central control unit. If that it is a kind of centralized platform that is being controlled by a particular organization which we know who they are, then we can fear that the government can one day tamper with the control and put everything to an end.
If there are a particular set of people that are controlling Bitcoin and their identities are known, the government can even decide to arrest them at anytime , but luckily the platform is not like that. Rather it is being controlled by the community, there is no authority or whatsoever like that, everyone is equal and we all control it.
If there are a particular set of people that are controlling Bitcoin and their identities are known, the government can even decide to arrest them at anytime , but luckily the platform is not like that. Rather it is being controlled by the community, there is no authority or whatsoever like that, everyone is equal and we all control it.
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We can't let Bitcoin fail.
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I think a lot of blah, blah, excuse me!We can't let Bitcoin fail.
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I think the reality of everything is in that final sentence, it depends on us. Bitcoin is there working, demonstrating every day in each of its transactions that it is possible, I think I would change the phrase to; "You cannot fail in the opportunity presented to us".
There is a simile with the earth, trite; "let's save the earth, " really!! the earth has survived climatic changes and more than 5 total extinctions, in each of them some species have disappeared , but the earth has always continued its process to harbor life.
Perhaps as a human species we are so stupid that we end up destroying our species as we know it and in that resurgence of magical life on earth 2 beings from the future start the trust again.
So, if bitcoin fails, it's just your fault and no one else's.
What a thought provoking question; What if Bitcoin fails?
Well, in as much as we are enjoying what we are seeing as Bitcoin today, we should also remember that everything that has a beginning will surely have an end. It is possible that bitcoin can fail. But if Bitcoin fails the technology that we enjoy today will not fail, which means something greater than bitcoin we may witness.
Technology evolution is what we experience these days. It is so difficult for a problem solving technology to go into extinction easily, even if it has some defects, it will rather go into refinement than being eliminated totally.
Whether bitcoin fails or not, it is clear that the present bitcoin will know is in no way closer to solving humanity problems. So we should expect to see a refined bitcoin or totally a new cryptocurrency that will replace what we see today as bitcoin. But for the main time, it's bitcoin we know and it will not fail any soon.
Well, in as much as we are enjoying what we are seeing as Bitcoin today, we should also remember that everything that has a beginning will surely have an end. It is possible that bitcoin can fail. But if Bitcoin fails the technology that we enjoy today will not fail, which means something greater than bitcoin we may witness.
Technology evolution is what we experience these days. It is so difficult for a problem solving technology to go into extinction easily, even if it has some defects, it will rather go into refinement than being eliminated totally.
Whether bitcoin fails or not, it is clear that the present bitcoin will know is in no way closer to solving humanity problems. So we should expect to see a refined bitcoin or totally a new cryptocurrency that will replace what we see today as bitcoin. But for the main time, it's bitcoin we know and it will not fail any soon.
we all know very well that the Internet is never going to fail, the Internet is always there and it is part of our advancement. In our world today all of us are relying on the Internet for several things. Assuming that the Internet should go down around the world for a day, trust me there are so many things that would be disrupted.
There are so many things that we do on a daily which requires the Internet and the last thing that you would ever want to see is the Internet going down for any reason.
And we all know for sure that that will never happen. And as for Bitcoin, we all know that it is never going to end. Even if the government will ban it, people are still going to continue making use of bitcoin because it is decentralized and there are platforms that support that.
I can't even imagine a scenario where internet could fail and I would be doing alright. I am so dependent on internet that the day internet is down, like when there is a problem with the ISP or something, I become a very idiot and angry horribly bored person. I literally need internet to survive at this rate, because if that was gone I wouldn't be able to live my life the way I know how, and everything would be terrible.There are so many things that we do on a daily which requires the Internet and the last thing that you would ever want to see is the Internet going down for any reason.
And we all know for sure that that will never happen. And as for Bitcoin, we all know that it is never going to end. Even if the government will ban it, people are still going to continue making use of bitcoin because it is decentralized and there are platforms that support that.
Bitcoin is not there yet, it is nowhere near that level yet, it is getting there, and in a decade I am sure it will be there, this is more like 90's of the internet world where it was great but if it was gone that wouldn't mean the world would stop, right now it would stop and the whole world would go crazy.
If Bitcoin fails, honestly their wont be any privacy. Recently a former Ukraine politicians wife was caught with $28million in a neighbouring country, it would have been easy for her if she had converted the money to Bitcoin and no one would know if she has any money with her. This is what will happen if Bitcoin fails, it will be a nightmare to carry huge amounts of money out because of some agent thar we may come across.
If bitcoin fails, then the whole entire crypto economy will collapse. Almost every crypto is the same as bitcoin. If bitcoin prices go down, then maybe all crypto is soon going to follow and it might impact the World economy and also banks around the world.
Bitcoin has not failed for over a decade , why do we think it will fail now or future ? I think Bitcoin will never fail and we should not be very about it.
However if this happens it will be the end of cryptocurrency era. No altcoins can survive when bitcoin dumps, Imagine the altcoins will be dead if bitcoin fails for any reason.
1/ If Bitcoin fails, Privacy Fails
2) If Bitcoin fails, Censorship Wins
3) If Bitcoin Fails, Big Government Wins
4) If Bitcoin fails, Central Banks Win
5) If Bitcoin fails, Free Speech fails
6) If Bitcoin fails, Objective Truth is Lost
7) If Bitcoin fails, The Energy Transition Fails
8 ) If Bitcoin fails, Capitalism Fails
9 ) If Bitcoin fails, We Will Own Nothing
10 ) Bitcoin is too important to fail
2) If Bitcoin fails, Censorship Wins
3) If Bitcoin Fails, Big Government Wins
4) If Bitcoin fails, Central Banks Win
5) If Bitcoin fails, Free Speech fails
6) If Bitcoin fails, Objective Truth is Lost
7) If Bitcoin fails, The Energy Transition Fails
8 ) If Bitcoin fails, Capitalism Fails
9 ) If Bitcoin fails, We Will Own Nothing
10 ) Bitcoin is too important to fail
All are said right! The financial system of this world needs Bitcoin to survive. Bitcoin has helped numerous businesses survive amid COVID-19 Pandemic. It continues to help the world and will protect you from financial centralization and irrational control made by central banks.
Before the question, what if Bitcoin fails there is a need for a question will internet fail. With the world each and everything is connected to internet and happening through the internet. Once after the pandemic even the people who doesn't have much knowledge to use internet services have begun to make use of internet.
What makes you think that cryptocurrency will end if USDT should have a problem? If you choose to make use of USDT that is your choice, there are so many other stable coins out there that you can make use of, we have binance USD, and also DAI, and so many others out there, so if you choose to make use of USDT is a choice that you have made for yourself.And if USDT should have a problem in the future, it is only going to affect those that are making use of it, and wouldn’t affect people who are making use of other stable coins in the market. And by the way what investors would do is just to switch over to making use of another stable coin, the people that will mostly be affected are those investors that do not have much money to spare in the market.
Before the question, what if Bitcoin fails there is a need for a question will internet fail. With the world each and everything is connected to internet and happening through the internet. Once after the pandemic even the people who doesn't have much knowledge to use internet services have begun to make use of internet.
Yes, that is a very good question. And we all know very well that the Internet is never going to fail, the Internet is always there and it is part of our advancement. In our world today all of us are relying on the Internet for several things. Assuming that the Internet should go down around the world for a day, trust me there are so many things that would be disrupted.There are so many things that we do on a daily which requires the Internet and the last thing that you would ever want to see is the Internet going down for any reason.
And we all know for sure that that will never happen. And as for Bitcoin, we all know that it is never going to end. Even if the government will ban it, people are still going to continue making use of bitcoin because it is decentralized and there are platforms that support that.
Before the question, what if Bitcoin fails there is a need for a question will internet fail. With the world each and everything is connected to internet and happening through the internet. Once after the pandemic even the people who doesn't have much knowledge to use internet services have begun to make use of internet.
As few users said everything used to fail, but when and why it happens need to be noted. Here if bitcoin wanna fail, then this will happen because of failure of internet. According to the stats internet services were getting updated with advancing technology which means the chance of bitcoin to fail is very narrow.
I agree with the point you made here, internet services are updated, bitcoin can not work without the Internet so long as the Internet won't fail, bitcoin can not fail. As few users said everything used to fail, but when and why it happens need to be noted. Here if bitcoin wanna fail, then this will happen because of failure of internet. According to the stats internet services were getting updated with advancing technology which means the chance of bitcoin to fail is very narrow.
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