will bitcoin become obsolete? - page 14.

JayJuanGee

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Quote from: adamlillian on September 04, 2018, 01:25:42 AM

Quote from: ngamuk tok on August 03, 2018, 03:12:56 PM

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?

I do not think Bitcoin will become obsolete. I am certain someday, Satoshi will appear and officially release the latest version of Blockchain technology to improve absolute in this technology. I believe that Bitcoin will remain its value until 10 years later.

Satoshi is likely dead. Bitcoin goes forward based on consensus, contribution and building on foundational principles that began through the whitepaper and Satoshi's initial direction.

Value and price might be two things, but it does seem that incentives are aligned in such a way that price and value continue to have decent correlation, so as long as the bitcoin network continues to create and attract value, likely price will continue to rise, and accordingly if price is rising, it wouldn't become obsolete.

Another question would be whether some other coin(s) might take some value and in the short term, we may witness some of these kinds of dynamics, but so long as bitcoin does not become broken, it seems likely that value is going to continue to migrate in the direction of bitcoin which remains the soundest of any of the cryptos and certainly more sound than fiat and even precious metals such as gold/silver.

adamlillian

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Quote from: ngamuk tok on August 03, 2018, 03:12:56 PM

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?

I do not think Bitcoin will become obsolete. I am certain someday, Satoshi will appear and officially release the latest version of Blockchain technology to improve absolute in this technology. I believe that Bitcoin will remain its value until 10 years later.

truongdhnh

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I found that Bitcoin was never outdated but over the years the value of Bitcoin grew faster than it did not lie down and stand still. Blockchain's technology, too, has a myriad of applications in every field that can not be outdated. And the fact that Bitcoin generates a lot of currency with new applications and inventions shows us the pioneer of the currency market.

Kakarot01

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What you have examine at that point that implies if blockchain ought to wind up out of date, at that point I figure bitcoin will take after suite. since blockchain is the innovation on which bitcoin was assembled. On the off chance that there should come multi day when blockchain will be an old framework and not being used any longer, at that point all coins must kick the bucket. Be that as it may, I unequivocally question this nonexistent thought will happen.

St4yInTh3D4rk

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Quote from: Betaa on September 03, 2018, 08:56:14 PM

I think bitcoin will not be obsolete if the technology gets updates in the future, but if you say blockchain will be outdated in the future, bitcoin will also be obsolete.

Everything will get outdated at some point because the growth of technology in this world keeps increasing day by days so some new feature maybe found which can make the bitcoin to become obsolete but until that bitcoin will be the king of the secured currency system.But we need to understand that the fiat money is useless when we have cryptos but still people were using fiat so even if something have better than the current the adoption may take longer.

CoinsGazer

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With regard to new things, people are always prone to overestimate in the short term and underestimate in the long run. Bitcoin-related news is less, but bitcoin-related applications are much more, and the entire ecosystem is more mature. Bitcoin is no longer surrounded by a group of arrogant idealists, but more of a down-to-earth entrepreneur. When the profit model of the blockchain industry is still B2VC, the bitcoin industry has embarked on a benign path of making a fortune. Not only is Bitcoin not outdated, but it has shown a tougher strength over time.

Betaa

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I think bitcoin will not be obsolete if the technology gets updates in the future, but if you say blockchain will be outdated in the future, bitcoin will also be obsolete.

xiahui135

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Quote from: IamKnowledge on September 03, 2018, 08:35:13 PM

Bitcoin will get better in time. I do not think a time will come that bitcoin will become history. The performance of bitcoin is just incredible, I hope bitcoins will reach the level of fiat.

No. Bitcoin is a gold like asset. Just hope it will reach the level of gold.

IamKnowledge

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Bitcoin will get better in time. I do not think a time will come that bitcoin will become history. The performance of bitcoin is just incredible, I hope bitcoins will reach the level of fiat.

131tc01n

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all the innovations that ever existed must have their own time, just look at the development of computers from the first generation to the fifth generation, in each generation of computers that have their own time and replaced with the latest generation that has the latest technology as well, this will certainly be felt by us blockchain technology users when this technology has the latest technology, of course people will move to the new technology

adjong

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for me the bitcoin will not be obsolete. Because bitcoin is a great money technology it's a lot to help people see what bitcoin looks like for us is important and it's important and helps many. so for bitcoin is a great technology for me to talk about money and gold

killerfrost

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I do not know how many years will bitcoin become obsolete. But at present bitcoin is the most valuable coin. The bitcoin market is still very active. Bitcoin prices remain high. Investors still choose bitcoin for long term development.

Chinatsu Akasaki

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Bitcoin will never be out of date when it comes on investments. Although bitcoin is facing minor problems due to its price value, many investors still believes and trust bitcoin into it's stability and hardened image when it comes on investing. There might be a lot of new coins will be revealed and can be more accurate and functioned in some aspects. But, bitcoin can still be tough among them and still can stand againts other coins. In the near future, bitcoin will remain into it's form and who would know if bitcoin will set another historical price again in the market no other coins can do except bitcoin. It will be a good opportunity to us if it's going to happen.

StImelda

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Bitcoin may become obsolete as a currency but not as an investment or asset class. There are more coins or tokens that may function better for payment than bitcoins, so it may relinquish that function buy it will always be a powerful asset much in same way as gold

nahotachikwem

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Truly I would state. Since in the far future further developed innovation will rise and bitcoin will be obsolete. Bitcoin through the blockchain innovation must satisfy its motivation, however it will be out of date yet that will be in numerous years to come.

beniesyde

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Everything will eventually become obsolete, but bitkoyn is a currency. As we all know, the currency will not and will not become obsolete, so it's bitkoyn. But we all hope that bitkoyn will stay with us as long as possible.

woderfulcoin

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Bitcoin globalleştiriyor.Eskisede yeni başlangıçların temelini oluşturacağını düşünüyorum.

Phlaser

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Quote from: ngamuk tok on August 03, 2018, 03:12:56 PM

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?

Bitcoin is still in the infant state and has a long way to go in achieving the set purpose. The blockchain technology is loaded with great potentials that are beneficial to human and in real life application, which is great. So i dont see bitcoin been obsolete in the nearest future at all.

Mudah_rezeki

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Something that is of no value will become obsolete, but I don't think it will happen obsolete, the price of bitcoin is indeed down compared to the end of last year, but that doesn't mean it's obsolete.

muneeb.zain

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To how far extent i could think is that from the beginning to till present day bitcoin has make itself strong enough that now it's hard to obsolete it from the market of the digital currency where the bitcoin is the first to begin the market with. And some computer engineers sad that block chane is going to survive in the future.

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