4 ms·
I think the only way to kill bitcoin is either to break SHA-256 (and that would probably be short-term) or aggressively shutdown the exchanges. As long as BTCs
by simias 6y ago
I think the only way to kill bitcoin is either to break SHA-256 (and that would probably be short-term) or aggressively shutdown the exchanges. As long as BTCs are worth tens of thousands of dollars people are going to mine them.
It's pretty hard for me to imagine that either of these things are going to happen. I don't think that cryptocurrencies are ever going to be really useful because they're so inefficient, but I also think that they're here to stay as a speculative/gambling tool.
PaaS, pyramid schemes as a service.
- arcticbull 6y agoJust have to cut off fiat gateways. Nobody's gonna gamble if LocalBitcoins is the only way to play. Plenty of other ways to gamble from home, like Robinhood. Bitcoin just has to be the second easiest way to gamble from home to be utterly worthless.
- deleted 6y ago[deleted]