Topic: Will Bitcoin End or Be Removed From System? - page 2. (Read 430 times)
We can't tell yet if the bitcoin will be removed from the market or degrade from its value and demand but i will surely say that from these days it is impossible for bitcoin to cease to exit and if that happens the blockchain technology will still be useful to the society as it have a great potential and traits over the bitcoin currency, the chance of the bitcoin to degrade will depends on the influence of the Government and countries that bans the digital currency and views it as a threat.
not sure if trolling...
I do not think it will likely possible for bitcoin to end or be removed. And even if that happens, there are many other digital currencies that exist beside bitcoin as well as many currencies to be created to replace the dead one. That means, there is no why for digital currencies to be removed. Furthermore, there are many countries which recognized bitcoin as a form of payment such as Japan, and many other countries that are going to accept it, even if the government bans it, people will find another way to use it.
That makes sense, that encouraged me to invest on crypto currencies. Yes, you can actually trade your degraded coins to other crypto currencies to make use of it. Thanks a lot.
Removed from the system? Which system? It only takes one PC in the whole world to run a node and it will exist. Sure, governments can ban it but the chance of ALL governments to ban it is getting very slim and more so by the day. As a wild example, Vanuatu announced that they are accepting BTC payments for their citizenship. Thailand shows signs of openness towards crypto as well.
What I mean is that even if big countries like China and US prohibit it, there are options.
So the chance of Bitcoin "to be removed" is almost the same as the chance of humanity to be removed, I would say.
What I mean is that even if big countries like China and US prohibit it, there are options.
So the chance of Bitcoin "to be removed" is almost the same as the chance of humanity to be removed, I would say.
That was very informative, the "humanity" reference wrapped it up. Thumbs up!
I do not think it will likely possible for bitcoin to end or be removed. And even if that happens, there are many other digital currencies that exist beside bitcoin as well as many currencies to be created to replace the dead one. That means, there is no why for digital currencies to be removed. Furthermore, there are many countries which recognized bitcoin as a form of payment such as Japan, and many other countries that are going to accept it, even if the government bans it, people will find another way to use it.
Removed from the system? Which system? It only takes one PC in the whole world to run a node and it will exist. Sure, governments can ban it but the chance of ALL governments to ban it is getting very slim and more so by the day. As a wild example, Vanuatu announced that they are accepting BTC payments for their citizenship. Thailand shows signs of openness towards crypto as well.
What I mean is that even if big countries like China and US prohibit it, there are options.
So the chance of Bitcoin "to be removed" is almost the same as the chance of humanity to be removed, I would say.
What I mean is that even if big countries like China and US prohibit it, there are options.
So the chance of Bitcoin "to be removed" is almost the same as the chance of humanity to be removed, I would say.
Is there a chance that Bitcoin will be removed in the system or somehow degraded?
This is unlikely to happen in the next few years as too many potential investors are holding and boosting its value at current levels so it is unlikely to end. But maybe after the hard fork event the value of it will decrease.
Is there a chance that Bitcoin will be removed in the system or somehow degraded?
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