Post
Topic
Board Economics
Re: The Big Rip of Bitcoin
by
Betwrong
on 06/01/2017, 16:42:31 UTC
The scientists are arguing whether the Universe will ultimately implode into one big black hole (so-called Big Crunch) or explode into nothingness (so-called Big Rip). The Big Rip essentially means that all the matter of the Universe including stars, atoms and elementary particles as well as spacetime itself will be torn apart by the expanding Universe in the future. As I see it, the Big Crunch in respect to Bitcoin would mean accumulating all bitcoins in a few or just one pair of hands, but this is not very likely to happen, so the Big Rip seems to be more possible as we see with the price sky-rocketing right now. Given the Bitcoin infinite divisibility, the Big Rip of Bitcoin would mean the price per 1 BTC shooting through the moon and farther into the depths of the Universe, thereby making Bitcoin and its 21 million coins dissolve completely in the financial spacetime...

So how likely is this, and what is your understanding of how things might unfold in this regard?

I dont think that if the price per 1 BTC will be shooting through the moon and farther we can call it a Big Rip for Bitcoin. Bitcoin will not be torn apart in that case. On the contrary, it will become stronger than ever before and the Bitcoin holders will enjoy that time very much. No one, not even an atom, will enjoy the Big Rip in the cosmological sense, because nothing will left, so it will be the end of everything. But for Bitcoin, the situation you described will be the beginning of its glory.