Quote from: Sebas.tian on January 18, 2019, 03:08:31 PM

Quote from: Broly46 on January 18, 2019, 08:45:43 AM

Actually even if its price indeed reached zero, technically bitcoin is still alive since it will be remembered in history as the first tech(?) to utilize blockchain. Also, if bitcoin dies in the future, I'm willing to bet that we'd already discovered a more superior form of bitcoin or electronic cash or whatever they'd call it.

In the ideal economy, there will be no scarcity for anyone, which means everyone would have the foods they want, have the toys they want, they have everyday needs and wants, which also mean there are just no desire to buy it anymore, and the money itself have no value since no one need to buy anything, they get everything they want in life, what will be the future needs and wants? I believe the bitcoin replacement would be the one that can provide zero scarcity in economy. But what will be the final product? I dunno.

Quote from: Dondont on January 18, 2019, 04:39:58 PM

Quote from: Broly46 on January 18, 2019, 08:45:43 AM

because at any time there is still demand for bitcoin, try to imagine "if only" bitcoin is no longer a demand, of course this will also be a mass chaos because if we look at the flow of funds to the blockchain industry is the biggest, a project that can collect millions of dollars and then whales, of course their funds are very large

Two major industry that get a lot funding, artificial intelligence and block chain, I dunno whatre they thinking about, or it is just hype all over the media, and some trading algo gone out of control and pump the hype to the moon. The medias are still very hot about these two industry, definitely something fascinate me.

Quote from: dothebeats on January 18, 2019, 05:08:57 PM

The very essence of cryptocurrency could be at stake by means of centralization and capitalism, so I wouldn't call cryptocurrencies as indestructible as this is still subject to such schemes that can ultimately result to the destruction of bitcoin. Perhaps right now people are still making money out of bitcoin, but once there's a new fad in which people could also make money from, see everyone lose interest on bitcoin and die. Speculation is what drives bitcoin for now, but once that's over, idk what will, given that almost all people in here are now profit-centric unlike the old days.

I dont fancy about being whales in the crypto, one big concern being the low liquidity, whales couldnt sell all their stake during bull, definitely couldnt sell all during bear, they are just having no option to escape from this crap, the only option is hold and find a way to spend them (by buying altcoin?). It is also good to be small timer since its easier for me to liquidate whenever I want and not to worry about the volume. Being capitalist in crypto bear a huge risk to not able to dump their stake, sound like a bad deal for crypto whales capitalist, one example being bitmain in a huge mess by hodling so many coins, constantly firing staff to keep it alive, I wouldnt enjoy being on their shoe. To be honest I wouldnt come to this forum if not for the profit it could generate.