Post
Topic
Board Bitcoin Discussion
Re: What would you do if it became reversible like paypal?
by
teukon
on 30/09/2015, 20:44:02 UTC
Would you still use and believe in bitcoin if it became reversible, say if satoshi himself managed the disputes like paypal does?
Will you quit?

Yes, I'd quit.  In such a scenario, I'd fully expect an altcoin to eventually take Bitcoin's place and I'd start using an assortment of the most likely candidates.


Well i see your vision and agree till some place others altcoins are compared to bitcoin,soo if bitcoin die i guess most altcoins will follow and disappear in the same time,sure some of them may stand up but the king dead what soldiers will do ?

Good point.  Whether I go to altcoins or precious metals depends on precisely how Bitcoin dies (a centralised Bitcoin is a dead Bitcoin).  Putting the "how" out of my mind, I currently believe cryptocurrency is an idea worth trying which is why I chose altcoins.

However, when I think about how Bitcoin could come to die in this way, I struggle to imagine a scenario in which the notion of cryptocurrency itself is not fully undermined.