Topic: what would you think if blockchain collapse ? - page 2. (Read 1559 times)
You cannot compare a centralized currency like L*b*rt* Reserve that can be targeted by governments and also stopped by them, with Bitcoin that is totally decentralized. The Blockchain will not be brought down, because it's running on 1000's of computers all over the world. < Like a p2p network >
Well everyone running Bitcoin Core has a complete copy of the blockchain so there is very little risk of data loss. If by "blockchain collapse" you mean no internet anywhere then sure Bitcoin would be worthless because no one would be able to use it.
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i'm sure the blockchain you're asking about is an online wallet called blockchain.info not blockchain system because you're mentioning another online wallet like xapo,if blockchain collapse ,online bitcoin wallet will lost because none of bitcoin can be transacted
I think that will be the end of bitcoin.Because all transactions are undergoing to blockchain and being confirmed by blockchain.If blockchain will be gone no transactions will be confirmed and all people wont be able to receive and send bitcoins.But if blockchain will be gone i think bitcoin network will create a new transaction processor again for the bitcoin to be still alive.
The Bitcoin price climb, and the one post wonder shill posters increase. This is pure fud being posted to create confusion.. not to be taken seriously at all. The Blockchain is most probably the biggest
decentralize network on this planet... It will take massive resources and groups to take it down, and even if they manage to do this, it will still go on as normal, once new nodes goes into operation.
There is nothing that can shutdown Bitcoin completely... it's simply too big and too decentralized.
decentralize network on this planet... It will take massive resources and groups to take it down, and even if they manage to do this, it will still go on as normal, once new nodes goes into operation.
There is nothing that can shutdown Bitcoin completely... it's simply too big and too decentralized.
i read so many topic about "what would you do if bitcoin disappear" or "what would you do if bitcoin die" etc , but do you think what will happen if blockchain collapse ? example like the previous bank L*b*rt* Reserve, will bitcoin rate drop ? or will raise because bitcoin rarity ? what do you think ?? 
and what next step ? using xapo or what web will be your bitcoin wallet ? i just curious what next step the member in here will do ,,
Okay. Help me out with your own question. What "blockchain" are we talking about here? Are we talking about the blockchain as in where all transactions are recorded, or are we talking about blockchain.info which is an online wallet? Basing from what you've written, your use of "blockchain" leans more to the blockchain.info wallet. and what next step ? using xapo or what web will be your bitcoin wallet ? i just curious what next step the member in here will do ,,If that's so, then I'll do probably my daily routine? As I'm not directly related because I don't use it.
I think if blockchain will collapse it will be the end of bitcoin transactions.Because all bitcoin transactions is going under blockchain and being confirmed by blockchain.If blockchain will be down who will confirm our transfer? How can the users receive it without any confirmations from block chain.Thats what im thinking.
Also we can expect something completely new that can cast shadow on bitcoin and other coins..This is harsh reality, early adopters have greater chances to get rich, so this bitcoin story influence on everything..And here it goes, greed is unleashed.
They maybe think about recent problems with unconfirmed transactions..?
But this is not failure, or bug or something. This will be fixed with enlarging of block size.
But bitcoin can face different problems, from hackings of main exchanges, to loosing of trust in it.
Also bitcoin can become obsolete one day, competition will become better over time.
This I would agree with you on. As emerging markets come and go bitcoin can be replaced. But the blockchain will always remain the same. It is the backbone of bitcoin afterall. Without it there would be no bitcoin.But this is not failure, or bug or something. This will be fixed with enlarging of block size.
But bitcoin can face different problems, from hackings of main exchanges, to loosing of trust in it.
Also bitcoin can become obsolete one day, competition will become better over time.
They maybe think about recent problems with unconfirmed transactions..?
But this is not failure, or bug or something. This will be fixed with enlarging of block size.
But bitcoin can face different problems, from hackings of main exchanges, to loosing of trust in it.
Also bitcoin can become obsolete one day, competition will become better over time.
This I would agree with you on. As emerging markets come and go bitcoin can be replaced. But the blockchain will always remain the same. It is the backbone of bitcoin afterall. Without it there would be no bitcoin. But this is not failure, or bug or something. This will be fixed with enlarging of block size.
But bitcoin can face different problems, from hackings of main exchanges, to loosing of trust in it.
Also bitcoin can become obsolete one day, competition will become better over time.
They maybe think about recent problems with unconfirmed transactions..?
But this is not failure, or bug or something. This will be fixed with enlarging of block size.
But bitcoin can face different problems, from hackings of main exchanges, to loosing of trust in it.
Also bitcoin can become obsolete one day, competition will become better over time.
But this is not failure, or bug or something. This will be fixed with enlarging of block size.
But bitcoin can face different problems, from hackings of main exchanges, to loosing of trust in it.
Also bitcoin can become obsolete one day, competition will become better over time.
i read so many topic about "what would you do if bitcoin disappear" or "what would you do if bitcoin die" etc , but do you think what will happen if blockchain collapse ?
What do you mean by "blockchain collapse", the blockchain is stored on at least 10000 different systems around the world.
example like the previous bank L*b*rt* Reserve, will bitcoin rate drop ? or will raise because bitcoin rarity ? what do you think ?? and what next step ? using xapo or what web will be your bitcoin wallet ? i just curious what next step the member in here will do ,,
and what next step ? using xapo or what web will be your bitcoin wallet ? i just curious what next step the member in here will do ,,I think you confuse blockchain.info with the blockchain. One is a service and the other is not.
I think you are not asking a coherent question.
i read so many topic about "what would you do if bitcoin disappear" or "what would you do if bitcoin die" etc , but do you think what will happen if blockchain collapse ? example like the previous bank L*b*rt* Reserve, will bitcoin rate drop ? or will raise because bitcoin rarity ? what do you think ?? and what next step ? using xapo or what web will be your bitcoin wallet ? i just curious what next step the member in here will do ,,
and what next step ? using xapo or what web will be your bitcoin wallet ? i just curious what next step the member in here will do ,, Jump to: