Topic: What if Bitcoin Fails ? - page 4. (Read 1203 times)

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.

actually government has set up diver's strategies to eliminate the existence of Bitcoin from the onset but that agenda or target wasn't come to accomplish, the only way Bitcoin can fall or been eradicated through the authority of government, but base on the nature of investment into bitcoin recently or since three years now, nobody can terminates it circulations

I think what he means there, is only bitcoin because obviously when bitcoin are gone we still have other assets or payment methods that can function the same as btc although they may not be as decentralized and anonymous as btc. It will be hard for someone to continue without btc because they rely too much on those features.

What assets do you have anyway? and why can you say that even the government and economic issues won't affect it? I can't believe that there are assets like that. They are are mightier than bitcoins then, because even the bitcoin itself can also get affected whenever there are serious issues happening around.

That is definitely a lie, only few countries is bitcoin banned in Africa, North Africa are most hostile to cryptocurrencies as four countries in north Africa totally banned cryptocurrencies. While the west, east, central and south Africans are not hostile to the use of bitcoin. Some countries only implicitly banned bitcoin in a way the government still allow the citizens to use it just like Nigeria in West Africa, but only in p2p transactions, not direct bank transactions.

It depends on how you understand failure. Has it solved the problems it promised it would? Then, it succeeded. Period. From now on I don't know if it'll continue gaining market appreciation, but as far as I can tell, there are merchants who accept it and people who pay with it and get their paycheck in it.

It can't be stopped. Now, will the people suddenly stop evaluating it that much for X, Y, Z reason? Probably, there will be Bitcoin crisis' in the future, but not "failures". Gold also had such crisis'; did it "fail"?

"don't permit Bitcoin transaction"? Including the US and European countries? I'm sorry but what are you saying? In certain US states you can even pay taxes using bitcoin, and in Europe there are several crypto-friendly banks and physical places where you can buy and pay directly in cryptos.

Everything fails...  It is a matter of when, not if.  I think Bitcoin has some gas left in the tank before it's demise.  Maybe as much as a couple decades.  It won't last forever though.  Just like the dollar or any other currency that came before it.  There's a chance we'll all be dead before that demise, so it probably doesn't matter much what our opinions are on the subject.  I would hesitate to time lock coins for a hundred years to secure your family a spot amongst the wealthiest.  A lot can change over time.  I'm sure Bitcoin isn't the end all for currency advancement, but for now it's the best looking horse at the show.

I do not think Bitcoin would fail. It is already massively popular. Millions of people all over the world are using it every day, to trade and to make purchases. El Salvador made it a legal tender and Panama, I believe, may do so as well sooner or later. With that kind of popularity, how can it fail? Yes, the crypto industry has problems to begin with, but I firmly believe that they will be cleared out as time goes on and popularity grows even further.

Understanding this, do you also know what you need to do with it? Maybe we can't exist between good and bad in this life. The choice is personal, and sometimes they are guided in the right direction by larger forces. But anyway, the market has a completely different face now than before. Many people are starting to really realize its benefits in life, so honestly, I have never thought of BTC as a failure since then. I started in this field because my belief tells me people always know what's good for them.

Bitcoin is now most popular and holded cryptocurrency which prices has increased so many times I can't calculate. There is not chances of bitcoin fail but acceptance of bitcoin by country or government is a mystery question for whole world. How can we take bitcoin as payment mode with controling of transactions. if bitcoin fails then people will get losses who buying and holding at high prices. Holders of bitcoins will sold their assets and it will become 0.

Oh this is misleading. I have my assets before bitcoin had come. They are valuable even the govern and the economy fails.
We don't solely rely on Bitcoin in our ever daily life. We continue even if it fails.

The chance for bitcoin to fail is very slim, it can never fail, had it been it was built in a structural way to fail, it wont get to this price at instance, the central bank, government and all saboteurs had try in making it fail but to no avail, Blockchain technology is being adopted by lots of countries, bitcoin is here to stay

I never thought bitcoin would fail, if bitcoin fails it's possible that the crypto industry will be gone. Bitcoin is more and more widely accepted and used. The war between Russia and Ukraine is showing the importance of bitcoin in the future, but if bitcoin dies now, I think it will not affect the world economy and especially the banks. we all know banks are barely interested in bitcoin because it hurts their position.

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.

true, in many countries including mine, Bitcoin is not banned but bitcoin is not supported as a currency, bitcoin is only supported as an investment asset (in the category of stocks).

Bitcoin will not fail, Bitcoin has entered the minds of hundreds of millions of people in the world, more and more people are converting their fiat to Bitcoin, especially countries that are in conflict.

The solution is to provide a means for people to make their own cryptocurrency and have better/safer yield/growth than they would in a traditional bank...like make it so easy to make your own crypto and so accessible through a service or something like a special debit card that converts whatever cryptocurrency to fiat on swipe even if I made a Jarbltater1 coin that was set to be a USD stable coin, a Jarbltater2 coin that was valuated by market cap for savings, a Jarbltater3 coin for taxes/governence/burn...so pretty much all the normal banking a person would do plus means for the token to be changed by the user of the service all for free...I know this is all probably hard to follow but...if we could get a way for people to use their own crypto for all their normal banking purposes by starting with providing a debit card that converts any crypto to fiat on swipe and providing that through the service which provides the easy & free make your own cryptocurrency app you could get a 2nd crypto revolution that takes away the power of the governments and banks to launch 51% attacks against all the current cryptocurrencies by printing endless supplies of money into their market cap then taking control of the price...conspiracy theory territory, I know...but hear me out. If you had your own cryptocurrency and had $60,000 saved up in your own Jarbltater1 stable coin, with $20,000 in your Jarbltater2 liquid savings coin, and $20,000 in your Jarbltater3 taxes/hard savings coin and you somehow got your Jarbltater 2 coin onto an exchange with all of the fees and burns going into your Jarbltater3 coin then the government tried to 51% attack you they'd just make you rich and so long as you didn't start buying more of it after they did so there would be no potential for loss for you even if they took every penny back out of it. Furthermore, by providing another option among the many options people have for getting into cryptocurrency there will be another appealing option for a different group of people looking for this different type of option. Odds are that by getting more people, more money will flow into all of the other popular cryptos even if not much...it would still be very cool to see and I think it could work to save the intentions of cryptocurrency and free the people from central banking once and for all...even though we'd all end up using some sort of Visa card...

I guess the point I'm trying to make is we need to move on from public chains because those have been taken over by...well, public institutions like banks and governments...we need to move on from public chains and start using our own private chains.

I'm already envisioning the app...it'd be like an Awesome Miner but on your phone and you'd start by whether you want to select an already existing blockchain or use a blockchain of your own making then you literally just make a coin on any of the blockchains the app supports or your own if your smart enough...Somehow make it free even if it's only free for the first like year or two...Get people using it then all the sudden there's like 1,000 coins being mined on SHA 256, 10,000 new SCRYPT coins, and it just never stops on all the algorithms and the governments and other 51% attackers are just like, "welp, f*ck..." Could you imagine the news?

Last thought...it might even be a good option for the app to allow users to select what backs their cryptocurrency; they could use any fiat - most likely the one they get paid in...which leads me into another though, this app and the fiat/crypto conversion should support direct deposit and automatic distribution percentage like normal banking too. Or if they want it to be back by gold they can do that, even if they wanted their crypto to be backed by Bitcoin or Ethereum they could do that too.

The Internet is said to be a world wide Web and as such, it has been stated to have made the world into a global community. Hence, those far and near is made nucleated.
The forum is an internal platform and have got representatives from all nations right here. All of which are active users of the Internet and are exposed to series of contents as you, on a daily. Especially the trendy once.

This should bring to a plagiarist that, there is every chance for a user to spot plagiarism anywhere the act is perpetuated and there isn't any exemption to the forum. It always saddens me for users to exit the forum on plagiarism counts but again its a proactive measure to tackle what is turning to be an everyday act on the parts of most beginners. Let's do our best to ensure originality of content and be decent enough to make references when we use other people's content alongside our own words.

Bitcoin can be censored in some countries, especially authoritarian ones, but I don't think it's something that can happen in democracies. So I think this list is relevant if we imagine countries like China censoring Bitcoin and what happens next, but globally, it's impossible to imagine Bitcoin failing and all those things the op mentions becoming the case. Some points are also far-fetched, such as Bitcoin being the only truly objective thing (this is very far from the truth), and the point about capitalism is pretty controversial (not everyone thinks capitalism is good, and Bitcoin doesn't entail capitalism).

In the cryptocurrency world, Bitcoin is what people believe in. Bitcoin cannot fail without a major attack (or disaster). Bitcoin stands for freedom.
Blockchain technology is being learned in every country, even countries that ban bitcoin are learning blockchain. But now many countries will launch digital currencies, which is also a test for Bitcoin.

It's pretty much that. The original post is a little bit too much. It's all about having freedom with your own money and people always have that choice whether they would want that with their money or just choose to be a bank slave. Bitcoin cannot just technically fail in a blink of an eye.

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Bitcoin is decentralized plus it's open source anyway.