No one is sure to guess about humans for the future, if bitcoin BTC reaches $ 1 million,
It could be that all humans will have cars, luxury homes. There are no more poor people in this world.
Topic: what will happen if BTC hit 1.000.000$ - page 6. (Read 14182 times)
hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
I think that if Bitcoin reaches such a price, Bitcoin addresses will become more fragmented as even an address with 0.1 BTC will be worth a lot of money.
More addresses, more people owning fewer Bitcoin.
I don't think this will mean more hacking however, as we learn to protect ourselves and we learn not to leave weaknesses in our setups, and we stop leaving coin at exchanges. Who knows, maybe even some exchanges may become safe.
Crime does not get created by value of a currency; crime is a social phenomenon. Crime will exist whether BTC is worth 1$ or 1 million $ the same way.
Eventually if the price of Bitcoin hit $1.m, criminality will be on a high side and there will be wars of hack around the world of cryptocurrency. There will be series of problems that will be associated with the price, becasue everybody will bow to it price. People will piratically worship Bitcoin, and if eventually Satoshi .N. is fond, humans will make him their God.
I don't think that the hacking frequency will go up if the price increases. ~
whenever demands increase, crime will definitely rise to the peak, imagine the price of Bitcoin to soar from $8,000 to $1.m, how do you think there will be no demands, and those who can't get it legally will either get it illegally, so, hacking will be on the high side and scam will skyrocket. 
hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
Well your description is not much different from what is happening already lolif BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
We already have lots of hackers with many exchanges being hacked really often, regular people being targeted by scammers and now, at least in Brazil, abusive charges being levied in every transaction we do at brazilian exchanges
So, please tell me, how is it different from what you described?
Eventually if the price of Bitcoin hit $1.m, criminality will be on a high side and there will be wars of hack around the world of cryptocurrency. There will be series of problems that will be associated with the price, becasue everybody will bow to it price. People will piratically worship Bitcoin, and if eventually Satoshi .N. is fond, humans will make him their God.
I don't think that the hacking frequency will go up if the price increases. On the other hand, I would say that such incidents will go down in number. If the prices increase, then more number of users will be able to purchase accessories such as hardware wallets, which can prevent the vast majority of the hacking attempts. So according to me, the hacks may go down in number.
Probably he is saying, hacking incident will be more frequent and prevalent. Since the more valuable or expensive bitcoin become, many hackers will be in the lookout for more ways to steal people's coin.
having a hardware wallet is not the safest way to store bitcoin, Paper wallet are still the best cold storage for our cryptocurrency.
Eventually if the price of Bitcoin hit $1.m, criminality will be on a high side and there will be wars of hack around the world of cryptocurrency. There will be series of problems that will be associated with the price, becasue everybody will bow to it price. People will piratically worship Bitcoin, and if eventually Satoshi .N. is fond, humans will make him their God.
I don't think that the hacking frequency will go up if the price increases. On the other hand, I would say that such incidents will go down in number. If the prices increase, then more number of users will be able to purchase accessories such as hardware wallets, which can prevent the vast majority of the hacking attempts. So according to me, the hacks may go down in number.
hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
That's impossible to happen maybe 100k USD each might possible but even the 1m USD each bitcoin won't help to stop hackers for hacking and stealing bitcoin it is their nature of earning money.
We can't change it unless if the price of bitcoin will become no value in the future I'm sure there is no hacking news will be published in the future related to bitcoin hacking.
Since the bitcoin price is increasing more hackers and criminals are attracted to get easy bitcoin to their victim.
I totally agree. Btc price will grow but i don’t believe it will be 1 million $. Apparently, as long as bitcoin price keep increasing there is no way to keep it stay away from hackers. They will try to find more ways to steal it.
If it is true that the price of bitcoin reaches such a value, I think the government will be more decisive in giving the rules to each country, and the income tax will increase, for example in my country.
Maybe not just rules but there might be Holding from the government or the worst thing is they will banned the bitcoin worldwide to benefits from the situation.But I am pretty sure before bitcoin hits the 1000,000,$ value the world already accepted bitcoin and the legit cryptocurrency,and all of us are benefiting from what we have hard worked
I do not even know, there are doubts about this amount of $ 1 million. Imagine what should be the capitalization at this price, though I believe in bitcoin, and its technology and blockchain in general, but I doubt that such a price will be in the near future.
hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
Even if the price hasn't reached to 5 digit level there are already hacking news and scamming going on, but if ever Bitcoin reaches to that level, the exchange security level will hire top-notch security experts and security software because every Bitcoin will be treated with utmost importance, of course, we cannot prevent these hacking and criminalization it will still exist.
Bitcoin will not be able to achieve the price of $ 1M per Bitcoin. If it can make the value you set, I believe we all no longer use FIAT to pay and trade. With a large target, it needs major changes that change the whole history of identification before it achieved.
If Bitcoin reaches $1,000,000 in the next 2 or 3 years, Fiat will crash, communications will crash, the economy will crash, Social Security and Medicare will crash, etc.
There will be worldwide chaos, but especially in the USA and Western Europe. People will die. Ultimately, the power grid and communications will crash. People will revert to at least Dark Ages living, but maybe all the way back to prehistoric style living.
All of this will happen because communications will be destroyed by the weight of the blockchain trying to communicate with all the people using Bitcoin. Bitcoin greed will bring the whole earth to its knees.
There will be worldwide chaos, but especially in the USA and Western Europe. People will die. Ultimately, the power grid and communications will crash. People will revert to at least Dark Ages living, but maybe all the way back to prehistoric style living.
All of this will happen because communications will be destroyed by the weight of the blockchain trying to communicate with all the people using Bitcoin. Bitcoin greed will bring the whole earth to its knees.
I dont think this will happen, Just like gold. Bitcoin and Fiat Money can always co-exist and thrive together.
If bitcoin bring us back to the darkages then having a 1Million USD/BTC is useless since we are probably going back to the old ways of paying for services just like barter service. A chicken for an egg trading.
if indeed bitcoin touches the price of $ 1 million most likely what will happen is that all online transactions will use bitcoin and the world economy will also use bitcoin as a means of payment or investment tool
Eventually if the price of Bitcoin hit $1.m, criminality will be on a high side and there will be wars of hack around the world of cryptocurrency. There will be series of problems that will be associated with the price, becasue everybody will bow to it price. People will piratically worship Bitcoin, and if eventually Satoshi .N. is fond, humans will make him their God.
If Bitcoin reaches $1,000,000 in the next 2 or 3 years, Fiat will crash, communications will crash, the economy will crash, Social Security and Medicare will crash, etc.
There will be worldwide chaos, but especially in the USA and Western Europe. People will die. Ultimately, the power grid and communications will crash. People will revert to at least Dark Ages living, but maybe all the way back to prehistoric style living.
All of this will happen because communications will be destroyed by the weight of the blockchain trying to communicate with all the people using Bitcoin. Bitcoin greed will bring the whole earth to its knees.
There will be worldwide chaos, but especially in the USA and Western Europe. People will die. Ultimately, the power grid and communications will crash. People will revert to at least Dark Ages living, but maybe all the way back to prehistoric style living.
All of this will happen because communications will be destroyed by the weight of the blockchain trying to communicate with all the people using Bitcoin. Bitcoin greed will bring the whole earth to its knees.
hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
I think that then there will be more millionaires if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
. The question is what will happen in the world at that moment. After all, under different circumstances, the current price of bitcoin will have a different effect.In general, the number of hackers is growing, because interest in crypto currencies is growing. And the more money can be obtained with the help of crypto currencies, the more crimes will be committed on this basis.
hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
I think this will be a big problem. This 1M price is very high, maybe the government will completely ban bitcoin, for fear of being hit by inflation. if 1000btc is converted to FIAT at the same time it won't make noise in a country.if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
Such value is still far from reality. But for the sake of discussion, I believe by the time it hits that amount, the adoption is already stronger and almost all people from all walks of life have their own possession of btc. Hacking is still there but more sophisticated wallets will emerge to combat this potential hacking scenarios.
I don't believe every person in the world will use BTC, today that is a lot of people who don't have credit cards or even a bank account, we are far from that
But I agree with you that this is far from reality, we have to do the math, all BTC worthing 1 million dollars each coin
Such value is still far from reality. But for the sake of discussion, I believe by the time it hits that amount, the adoption is already stronger and almost all people from all walks of life have their own possession of btc. Hacking is still there but more sophisticated wallets will emerge to combat this potential hacking scenarios.
It will have a chance to become a world currency at 1 million. It will begin another chapter in the life of bitcoin and all other cryptos.
When people see that they can dump gold and all their hardware assets for bitcoin - a currency that is accepted anywhere they choose to travel.
If you are worried about dumps along the way they will happen much sooner. At 1 million not many people will want to sell.
When people see that they can dump gold and all their hardware assets for bitcoin - a currency that is accepted anywhere they choose to travel.
If you are worried about dumps along the way they will happen much sooner. At 1 million not many people will want to sell.
Jump to: