Post
Topic
Board Bitcoin Discussion
Re: Cryptocurrency are gonna disappear
by
K21000
on 17/07/2019, 07:46:23 UTC
you can't shut down something that is decentralized and make it disappear as long as people find it useful and continue using it. which is true about bitcoin. it is like saying torrent network will disappear but peer to peer connections will remain! you can't shut down torrent network since it consists of peers connecting to each other and sharing file. bitcoin is a much stronger implementation of a decentralized peer to peer network.

what will disappear is two things: 1. the altcoins without usage that keep being created even if they have the biggest market cap among altcoins 2. the government and bank issue tokens that are more centralized than anything else.

LibertyReserve ?

Highly decentralized it was

shut down ...

Libertyreserve was never decentralised. It had central servers which could easily be targeted and shut down. The beauty of a peer to peer network like bitcoin is that their is nobody to target and nothing to shut down.