will bitcoin become obsolete? - page 29.

monkeydominicorobin

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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?

In the future everything is possible. Bitcoin will be obsolete in the far future but your Fiat currency will be obsolete in a few years time. That prediction is better than the Bitcoin is going to ... scenario.

renz0

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Maybe many years from now bitcoin become obsolete or if everybody else will no longer support bitcoin and other cryptos. But for now, bitcoin is still a hot topic around the globe although its value at the moment is not quite good but many people still believe in it's capability to go up higher in the near future.

Slow death

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

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

how would that be possible? there is a large community that contributes to bitcoin growth and contributes to every code being well, so I want to believe that as technology evolves, bitcoin will also keep up with this technological evolution, this is clear to me. there are a lot of people using bitcoin and these people are always going to expect good things coming from bitcoin and the community will contribute to bitcoin growth. I do not see how bitcoin would be obsolete

lazygin006

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Everything will eventually become obsolete, it is only a matter of time that technology will be forgotten and Bitcoin is no exception. But we are all hoping bitcoin will stay with us as long as possible.

conceivedspoon2

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Till date, bitcoin still trades more than 40% of the entire cryptocurrecies in the entire world. The entire coins trades more that $400b every 24hrs. Its a massive market and its still growing.

Ayaah

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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?

As of now I can not predict that bitcoin will obsolete because this coin is very popular. And I think if that happened maybe its take more hundreds years to come before it obsolete.

Siddhartha7

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It will all come down to if Bitcoin can become "Digital Gold" indeed. As written by Satoshi, it's only use is actually as a payment system. This is something which every other crypto currency can do, obviously. So it will all depend on how much value people give BTC in the long run. Will other altcoins break free from Bitcoin, ofr example? Will Bitcoin become an asset which is values as the old-timer, or mother of blockchain technology?

feelingfroggy

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I am sure more advanced technology will emerge and overtake Bitcoin and possibly all of crypto. I doubt it will happen for some time though. This technology will most likely have to mature some mature and another technology will spring off that one.

yoshua27

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it can be because bitcoin is already well-known, so many more people want to invest to get a quick profit, but the more profit-getting day by investing in bitcoin is even more difficult

dothebeats

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Just a thought, how can one tech be obsolete if it's not being utilized properly in the first place?

We all know that tech will surely be replaced over time by even greater and efficient piece of tech, but seeing bitcoin being used largely as an investment and not a currency, I'm pretty sure it will not get obsolete, not yet. As long as people believe that something has value, they'd still use it and willingly accept it, just like gold for thousands of years. Also, people are now being introduced to cryptocurrency, so perhaps this is just the dusk for bitcoin and its brothers and they still have a long way to go down the road. Hopefully they're utilized as currency and not just another investment vehicle which most people think will bring them riches quickly.

Osamede

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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?

It is possible since we are still at the early stage of the blockchain and bitcoin is kind of a primitive coin and not as efficient at the moment to handle huge transaction.

KUSB

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Not in our lifetime! Digital Gold!

vy99

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Everything can become obsolete eventually. If by "future" you mean 100 years then yes it's likely that Bitcoin might not be around, but if you mean 5 years then I'd say the chances are very slim.

theyRmose

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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, the digital currency (cryptocurrency) which jumped more than 1,000% last year, is the first user of the blockchain application. This technology eliminates the need for third-party intermediaries such as banks to quickly and safely record transactions between two parties using encryption technology.

Since the development of Bitcoin, hundreds of cryptocurrency and other blockchain projects have emerged. Supporters say blockchain can one day change the world like the internet.

bitcoin is created for the future, there is no reason to say that bitcoin will be obsolete in the future.

CAPTEZECC

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I see bitcoin as an ancient prophecy coming true in our generation and it is just starting, bitcoin has not fulfilled the reason why it was created because the whole world will accept bitcoin as a global currency so I do not think bitcoin will become obsolete.

banks38

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Eventually most everything becomes obsolete so yes I believe Bitcoin will one day get there. I do think it will run the modern day economy eventually though before it gets to the obsolete status.

agimat

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Quote from: delphic on August 03, 2018, 03:31:12 PM

Everything is ever obsolete) But, everything depends on the value! Gold is also quite an ancient value, everyone has become used to it for a long time, but it is still popular now and with nothing comparable, it all began ... I hope bitcoin will also become a kind of technological gold with time.

Whatever words that discribred bitcoin as long said coin is uselful and can help many people around as i think obsolete word is nothing to discribe said bitcoin, the important is the value that can change you life.

Maame Esi Sergio

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From your analysis, then that means if blockchain should become obsolete, then I think bitcoin will follow suite. because blockchain is the technology on which bitcoin was built. If there should come a day when blockchain will be an old system and not in use anymore, then all coins must die. But I strongly doubt this imaginary idea shall come to pass.

delphic

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Everything is ever obsolete) But, everything depends on the value! Gold is also quite an ancient value, everyone has become used to it for a long time, but it is still popular now and with nothing comparable, it all began ... I hope bitcoin will also become a kind of technological gold with time.

ngamuk tok

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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?

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