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Topic: Will you burn your bitcoins IF something goes wrong? - page 6. (Read 3867 times)

sr. member
Activity: 1190
Merit: 253
I have just thought of the most tragic thing that people could do, if something went wrong with Bitcoin.... Burning their coins.  Sad

Let's say, some tragedy strikes Bitcoin and the price per Bitcoins goes to ZERO .... would you burn your coins, or still hoard them in the hope

that this tragedy would be turned around. Examples : We figure out some 3 letter agency is behind the technology and they have some master

plan to confiscate all wealth or just to control global economies. / A huge flaw in Bitcoin gets exposed and all private keys are compromised.

This is highly unlikely, but a Doomsday scenario that might just kill the coin.  Roll Eyes

This one is dedicated to RAWDOG.  Grin

Why do I need to burn my coins?  If it goes zero then it goes zero, holding it won't hurt but burning it will do because if it bounce back then you all be regretful that you have realized you burned your money.
legendary
Activity: 2366
Merit: 2054
I have just thought of the most tragic thing that people could do, if something went wrong with Bitcoin.... Burning their coins.  Sad

Let's say, some tragedy strikes Bitcoin and the price per Bitcoins goes to ZERO .... would you burn your coins, or still hoard them in the hope

that this tragedy would be turned around. Examples : We figure out some 3 letter agency is behind the technology and they have some master

plan to confiscate all wealth or just to control global economies. / A huge flaw in Bitcoin gets exposed and all private keys are compromised.

This is highly unlikely, but a Doomsday scenario that might just kill the coin.  Roll Eyes

This one is dedicated to RAWDOG.  Grin

This is hard to predict, all will go well fine, if the velocity of money in bitcoin goes well.


legendary
Activity: 1904
Merit: 1074
I have just thought of the most tragic thing that people could do, if something went wrong with Bitcoin.... Burning their coins.  Sad

Let's say, some tragedy strikes Bitcoin and the price per Bitcoins goes to ZERO .... would you burn your coins, or still hoard them in the hope

that this tragedy would be turned around. Examples : We figure out some 3 letter agency is behind the technology and they have some master

plan to confiscate all wealth or just to control global economies. / A huge flaw in Bitcoin gets exposed and all private keys are compromised.

This is highly unlikely, but a Doomsday scenario that might just kill the coin.  Roll Eyes

This one is dedicated to RAWDOG.  Grin
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