Topic: will bitcoin become obsolete? - page 26. (Read 4926 times)
nothing is impossible in this world, technology continues to grow so bitcoin can become obsolete because it is replaced by another technology that is better than bitcoin, but for now bitcoin will remain the choice of many people in the world
I don't think so, because if crypto gets bigger then bitcoin will also be more popular, bitcoin becomes the main price in the market and to buy ico is needed bitcoin, I think bitcoin won't be obsolete as long as crypto still survives.
Well it possible for bitcoin to become obsolete in the future because as the saying goes nothing good last for ever so at that there will come a point where a higher technology will come and overtake bitcoin but I still believe that it will be run on the blockchain and that will make bitcoin to be relevant at any point. Bitcoin will last for long but how long I can't say.
The future you are talking about depends on the time frame. I can not say bitcoin or blockchain technology will still be effective and relevant in the next 500 years. This the morning period for bitcoin and blockchain technology. It will take so many decades for bitcoin to become obsolete.
It may indeed become obsolete, but only if a superior technology comes up to occupy your space, I do not see it happening in the next few decades, it's more or less like replacing the internet. Today Bitcoin has almost a decade of existence and still has a lot of mistrust of the mainstream about it, it will not be so easy to replace.
No, it's not possible at any time. Bitcoin will not be stagnant. The longer it goes, the more it will spread.
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?
Is it possible that bitcoin will be obsolete in the future?
With the superficial outlook of the whole scenario I am sure if blockchain goes dark then surely bitcoin does the same. They are dependent on each other or more precisely bitcoin depends on the blockchain technology and thus whatever happens to the blockchain technology does happen to the bitcoin as well. If there is core application of the bitcoin in the future then I am sure that it will have to be there and so as to blockchain technology too on which it is getting evolved today. So more or less they both go obsolete if one goes down mate. Thats the cyclic change here.
Is it possible that bitcoin will be obsolete in the future?
Yes, quite possibly. The real question is how long it will be, how far into the future?
Everything that came before this current wave of technology made the previous version of technology obsolete.
Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become the blockchain technology of btc is still the main leading technology in the crypto community which has been the baseline of the new ICO's and altcoins in the market.
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 can fully agree with the opinion where the gold example, it is quite old thing but it is still valuable and desirable from among the investors, people are still buying gold and it is having a value of price. Is it possible that bitcoin will be obsolete in the future?
I think not, Bitcoin maybe, but crypto currencies as a whole no way.
No, I don't think bitcoin will become obsolete as this is just beginning to prosper and flourish in the crypto market. The blockchain technology of btc is still the main leading technology in the crypto community which has been the baseline of the new ICO's and altcoins in the market.
Bitcoin will continue further it's operation and there will be more people that are getting involved as investors of this currency.
Bitcoin will continue further it's operation and there will be more people that are getting involved as investors of this currency.
Obsolete something is a very common thing but the fact is how much time it take to be obsolete and it depends on value. Bitcoins value and popularity proved that it will go very long.
Bitcoin has been in the system for about nine years no brother, do you still have these thoughts about its disappearance? Well shake them all of yeah bitcoin is here for good and it ain't going obsolete so keep investing.
Why would it become obsolete? The only reason why it might become obsolete, is if it is replaced by something better and this will not be a easy feat, because Bitcoin is constantly under development to improve the features. Soon, we will see second layer applications built on top of Bitcoin, to improve it and this is just the top of the iceberg. ^smile^
Bitcoin also has a huge network of merchants and a large user base, so that gives it a good advantage over other technologies.
Bitcoin also has a huge network of merchants and a large user base, so that gives it a good advantage over other technologies.
As of now and maybe somee 20 years I think bitcoin is not going to be obsolete yet. The reason is simple it has not been even made known to alot of people. Bitcoin has just started yet. And while bitcoin will have a good purpose or utility to the masses it will continur to be known until another system may come to overthrow it. But this is way too far from happening yet.
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?
Is it possible that bitcoin will be obsolete in the future?
the existence of bitcoin has been going on for more than a decade, now don't you see that bitcoin can always survive and still be used today. with this the fact says that bitcoin is not obsolete even though the development continues.
Maybe someday it will be obsolete (years later) but in my opinion it is not necessarily obsolete because bitcoin is a digital currency, like other currencies as a means of payment
bitcoin being one of the pioneers in online currency must be somehow sustain its value however it would be possible for it to go obsolete if an equal technology would exist that will not use the same blockchain technology but i doubt it sould exist for the next 10 years.
With the kind of technology that we have, and its system it is far from obsolete but rather more advantageous, becuase it is now the leading mechanism now a days and bitcoin is at large in scope reaching as far as the universe it provide communication form country to country through many different transaction using bitocin and with th ekind of investment they had using bitcoin too.
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