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Topic: What if Bitcoin Fails ? - page 5. (Read 1216 times)

sr. member
Activity: 2436
Merit: 343
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March 04, 2022, 08:48:06 AM
#34
What if it fails? But what if not?
Honestly, most negative people will fail and those who were positive succeed. And to answer what-if Bitcoin fails? I'm still looking forward to seeing it never fails coz as many people will value this thing, that is very unlikely it fail but instead, we gonna see Bitcoin becoming more appreciated than fiat. And even these banks will take chances to be part of this just like what they do with fiat.

The Government, the banks, will either support this in the future.
hero member
Activity: 1806
Merit: 722
Leading Crypto Sports Betting & Casino Platform
March 04, 2022, 07:12:46 AM
#33
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.

It depends on what do you mean by saying bitcoin fails because there are many people who say bitcoin fails just because this couldn't pass the 70k price level and there are other people saying bitcoin failed because the governments are able to force people to pass the KYC and this will be against what bitcoin privacy gives us. But if you mean completely failing the whole project I would say the most important thing is failing bitcoin means the central banks won the war between fat and cryptocurrencies and that's what the governments always wanted to see, but with the correct interest by people to care about their privacy I would say that's not really something that will happen anytime soon.
full member
Activity: 854
Merit: 130
March 02, 2022, 12:51:26 AM
#32
Its all fine and dandy but what bothers me here is that not a single sentence in that post is yours, you just copy/pasted that guy Max Gagliardi's tweet thread without making it obvious to everyone that all this is verbatim copy. While you covered yourself by sharing the link at the bottom, that's simply not how these things are supposed to be done if you are to follow posting etiquette.

So, if you plan to create similar topics in the future, put all verbatim copy inside quotations and make sure to add something of your own instead just sharing someone else's thoughts without commenting on the issue.
This is what we constantly see on the forum where a member fails to observe the rule of the forum, well the moderator will trash it out. And to say the write-ups are made of force information and with wrong analysis on the numbers of countries that currently accepting Bitcoin in Africa.
jr. member
Activity: 54
Merit: 2
March 02, 2022, 12:49:46 AM
#31
No matter what we do, we should never allow Bitcoin to fail,if it fails so many investments and activities will fail, government may also loose so many in their investments... We should try and and keep up and make sure Bitcoin never fails, Bitcoin has helped the world in so many ways, it should not fail, I believe it has come to stay.
It will not fail.
sr. member
Activity: 1988
Merit: 254
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March 02, 2022, 12:23:42 AM
#30
At this point, I don't have much reason to see the failure of BTC. We have already seen the good and bad sides of the technology that this field has to offer. So far, the crypto market is growing stronger and the demand for it is growing. Its problems are so far seen as a challenge that only slows down this process, but cannot prevent it.
member
Activity: 994
Merit: 14
March 01, 2022, 11:50:13 PM
#29
If Bitcoin fails, life goes on mate. Our survival doesn't depend on it, so if it fails, it fails. However we very much appreciate all the opportunity it brings. It has opened our eyes to various opportunity that we seldom knew existed.
sr. member
Activity: 1046
Merit: 273
March 01, 2022, 10:23:00 PM
#28
I strongly believe that Bitcoin is not going to fail. Although I do have a problem with custodial wallets and people that are making use of these regulated platforms, it doesn’t make me happy at all.

Yes, I believe we all have been seeing the news about how the government plans to use the centralized exchanges one day, which is why we have seen people advising us to stop storing our coins on custodial wallet, rather we should have stored on peer-to-peer/decentralized platforms where the government cannot exercise any form of control. Remember that when it’s not your keys, then it is not your money as they say, so we need to secure what we have, our assets and not let anyone control.
sr. member
Activity: 2016
Merit: 283
March 01, 2022, 04:12:49 PM
#27
Actually bitcoin always fails but everytime it fails it gave us opportunity to make profits..

Infact how many times did you see bitcoin price fell from the current ATH? Because to be honest with you i cant count it..  Cheesy

Bitcoin got banned in other country but adoption is getting higher everytime the price is getting cheaper reason price always surge back and breaking ATH.

So i think we must be thankful that it fails sometimes because that's the way we can make good return as well afterwards.
hero member
Activity: 1666
Merit: 723
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March 01, 2022, 04:08:07 PM
#26
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. Some still didn’t bitcoin exist 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.
If bitcoin runs out existence nothing that will come up as a result of resemblance, because if theirs new innovations that looks like bitcoin it will not gather the firm or the influence Bitcoin has possessed for the intervals of the Years it come to board, from ny perspective the level Bitcoin has ascertain right now i don't think it will fail until fifty (50) years time, the only thing i know that will be happening into cryptocurrency generation is changes and regulations.
legendary
Activity: 1316
Merit: 1089
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March 01, 2022, 03:53:27 PM
#25
Please Read Me

Bitcoin can never fail;
Do you know why;
The technology behind Bitcoin and Blockchain is already known;
If what you see as Bitcoin today fails, something more important and powerful than bitcoin will emanate from Blockchain  Grin
Nobody wins a war against technology.
So, relax and enjoy the freedom that bitcoin ushered;
Do not be fearful and do not panic, nobody can win the war against freedom.
hero member
Activity: 2310
Merit: 532
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March 01, 2022, 03:50:34 PM
#24
I Think bitcoin can't fall because it's already succeed. If bitcoin will falls then we will go back old version. Bitcoin long term survive cryptocurrency and most valuable coin.Most countries didn’t accepted bitcoin and bitcoin transaction but people still using bitcoin so i think bitcoin will be more survive in future.
Yeah, it’s already succeeded, but it is also up to all of us to keep it that way. We should all make sure that we do the right thing. And how are we going to do the right thing? By making that we secure every space and not give them (the government) any chance to penetrate. The way I see it, Bitcoin is not going to fail, even the government knows that there is no way they will be able to stop Bitcoin, so what they are trying to do now is to adopt it and regulate. Because they know that even if they decide to ban, it doesn’t stop people from making use of it through peer to peer.
It shouldn't be allowed to take control by the governments, and how this can be made possible. Only by the spread of bitcoin among the common people than getting accumulated within few. If a country like USA or some other country get into the usage of bitcoin, automatically they'll try to accumulate majority of the mined coins. In that situation bitcoin can be easily manipulated and this makes bitcoin loss its key element of decentralised functioning. Hope such scenario won't happen.
sr. member
Activity: 1918
Merit: 328
March 01, 2022, 03:26:02 PM
#23
I Think bitcoin can't fall because it's already succeed. If bitcoin will falls then we will go back old version. Bitcoin long term survive cryptocurrency and most valuable coin.Most countries didn’t accepted bitcoin and bitcoin transaction but people still using bitcoin so i think bitcoin will be more survive in future.
Yeah, it’s already succeeded, but it is also up to all of us to keep it that way. We should all make sure that we do the right thing. And how are we going to do the right thing? By making that we secure every space and not give them (the government) any chance to penetrate. The way I see it, Bitcoin is not going to fail, even the government knows that there is no way they will be able to stop Bitcoin, so what they are trying to do now is to adopt it and regulate. Because they know that even if they decide to ban, it doesn’t stop people from making use of it through peer to peer.
legendary
Activity: 2716
Merit: 1225
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March 01, 2022, 03:04:22 PM
#22
Well, I've a different perspective to all that "Bitcoin failing" theory. It's a pessimistic way of looking at it. I called it pessimism because it's an unnecessary fear of government succeeding in destroying Bitcoin. I don't think that's feasible from that angle, seeing that some countries are already keying into the Bitcoin movement now. If Bitcoin will fail, it won't be failing as in the sense that it wouldn't be in operation anymore as a cryptocurrency. It would be that certain alts took over that reign of dominance from it because of ground breaking innovations and utilities they're able to come up with; not just as the mere channel of payment Bitcoin is reputable for. Most alts are coming up with smart contracts and that could help them gain enough patronage.
full member
Activity: 1358
Merit: 104
March 01, 2022, 12:14:45 PM
#21
I Think bitcoin can't fall because it's already succeed. If bitcoin will falls then we will go back old version. Bitcoin long term survive cryptocurrency and most valuable coin.Most countries didn’t accepted bitcoin and bitcoin transaction but people still using bitcoin so i think bitcoin will be more survive in future.
hero member
Activity: 1204
Merit: 563
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March 01, 2022, 12:40:37 AM
#20
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.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
March 01, 2022, 12:54:06 AM
#20
You are putting a very big responsibility on this technology and I think it is not justified to do that. Satoshi Nakamoto wanted to give people a technology that would give them an alternative choice for a payment system. Satoshi lost faith in the Banking system after tax payers money were spend to bailout Banks... so he provided an alternative payment option to the Fiat system.

The technology on it's own will not fail, but the influence from governments to provide the technology to fly, will determine it's future. So the failure will be caused by the restrictions placed on the technology from the global governments.  Angry
hero member
Activity: 3192
Merit: 939
March 01, 2022, 12:33:44 AM
#19
All those "if this...then that" correlations aren't correct all the time.
The "If Bitcoin fails,privacy fails" statements is simply wrong,because Bitcoin isn't as private as you think it is.
There are privacy coins like Monero,that are solving the privacy problem way better than Bitcoin.
The "big governments" aren't fighting against BTC,they just regulate it.The failure of Bitcoin doesn't necessarily mean that big government has won an imaginary "battle" against BTC.
All those points in your list are oversimplifying the nature of Bitcoin/crypto and it's relations to the world.
Like another forum member has mentioned,this list looks more like some sort of marketing/promotion message,aimed at the "average Joe",who still doesn't understand how Bitcoin works.
There are better ways to explain the complexity of the Bitcoin/blockchain technology.
legendary
Activity: 2366
Merit: 1023
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February 28, 2022, 11:59:04 PM
#18
Given the achievements that bitcoin has made in the past 2021, it is hard to say that bitcoin will fail in the coming years. Along with technology and widespread acceptance, bitcoin is increasingly playing an important role in driving the world economy. The most recent example is the war between Russia and Ukraine. Ukraine uses cryptocurrency as a charity that raises funds from around the world. There is no denying the importance of blockchain and decentralization today. Bitcoin is the origin of crypto, if bitcoin fails then crypto will hardly survive.
legendary
Activity: 1862
Merit: 1209
February 28, 2022, 10:57:52 PM
#17
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.
legendary
Activity: 2576
Merit: 1860
February 28, 2022, 10:51:15 PM
#16
This is like a marketing or a promotional advertisement on Bitcoin. And just like any typical marketing ad, there is a certain amount of exaggeration added to it to make it look like it is everything that you need. Having said this, while there are some truths in some of those lines, I don't agree with all of them completely. It's made to look like the world would be a hell of an awful place without Bitcoin, that Bitcoin is the sinew of a truly free, democratic, peaceful, happy, and abundant world. That might not be true at all.
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