Ninjastic
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Board Economics
Re: Is Bitcoin Over?
by
meliodas
on 20/10/2019, 03:33:49 UTC
Quote from: doomloop on October 19, 2019, 08:15:05 PM
Quote from: Best Dreams on October 17, 2019, 07:12:15 PM
Quote from: TrevorS on October 16, 2019, 05:53:50 PM
Quote from: bitmover on January 02, 2019, 06:29:24 PM
I don't agree.

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

As it is decentralized, it cannot be shut down. A powerful government cannot shut down bitcoin now.

Proof of Work algorithm protects the network, as it is required the energy of a small country to 51% the bitcoin network.

There is no place where you can nuke with missiles and destroy bitcoin database. You can sure track some important actors and neutralize them, but it would not kill bitcoin.

Decentralization is what made bitcoin possible.

IMO, censorship resistance and lack of central authority are endgoals of a world currency, not a mean to an end.
The goal is the decentralization and the lack of central authority. This is why  bitcoin was created.

Yes!
We can say that Bitcoin revolutionized the cryptocurrency industry, then it was the first cryptocurrency that was completely decentralized, a currency that cannot be blocked or disabled, transactions of which cannot be canceled or refunded. Bitcoin has become something new, something that breaks the familiar patterns of understanding currencies. Largely because of this, he has such success.
Yeah no doubt in all crypto bitcoin has good name and son many times people said bitcoin is over and all this but it’s not going to happen because bitcoin is not only a coin now but it’s a web and all around the world people use this so I think bitcoin will be more stronger than this with time now more people recognize it.
With the passing time, more and more people because of internet and globalization of the world are going to know about bitcoin sooner or later. The way it increases in values in short times and has generated millions of dollars as profit. New generations will be highly influenced by this currency because everything is going to be smart.
New generation and the internet will become the game changer for the cryptocurrency. Newer generation are now technology educated and they are natural when it comes to the technology and it will give the cryptocurrency to thrive because the newer generation will become the new creators and innovators and they will surely implement the blockchain technology which will revolutionize the world.