Post
Topic
Board Bitcoin Discussion
Re: Bitcoin can disappear?
by
Hedrilin
on 24/10/2016, 07:11:27 UTC
Bitcoin can disappear?

Yes, bitcoin can disappear, but its not a central service like e.g. paypal where a single company with a single CEO can decide to close shop. Bitcoin works because many people do something for it. Some have mining equipment, some contribute code in their free time, some goods or services for bitcoin, others have servers or run full nodes from home. They all together make bitcoin work. If they all (or a larger number of them) decide to no longer care for bitcoin, it will become meaningless.

And if bitcoin is a scam, what will happen in world?

Everything about bitcoin how works is open and can be examined. If you take the time to learn more about bitcoin you will understand that bitcoin itself can not be a scam same as the internet itself cant. There are scammers that are after your bitcoin though, so be careful who you trust.

People will panic?

I dont think so. I think if bitcoin ever disappeared its either because there is a bigger problem (e.g. no internet) or because it slowly died out.
The bitcoin cant just disapear becuase i know for sure that allot of peoelare not into the bitcoin here just to see the bitcoin disappear becuase bitcoins has allot of usrs he will not be able to
disappear belive me .