5 ms·

Bitcoin will never go to zero. Why? There are too many billionaires that will buy the total available supply long before it can get to $0.

shapefrog 5y ago
It might just overshoot zero and go to a negative value. 0n a long enought time line bitcoin, in its current form at least, will 100% be worthless. That day is when its cryptographic backbone is either broken or surpassed by computing capacity to break the public / private keys.
- ashwagary 5y ago
  So you think the chain will be attacked and all the devs with trillions invested (at that point in the future) will be completely blindsided and not defend the network by soft/hardforking/etc? I completely disagree.
  - shapefrog 5y ago
    Your reply reads like a 'complete agreement' rather than a disagreement - as at that point in time you suggest, the chain ... will no longer be in its current form. So yes, I completely agree with your agreement.
    - ashwagary 5y ago
      >Your reply reads like a 'complete agreement' rather than a disagreement Wrong, there have been a few soft forks already. You seem to not know the history of bitcoin or what makes bitcoin bitcoin. You need to do some studying before discussing this topic.
bloodyplonker22 5y ago
Just like all the billionaires that bought the total supply of tulips when they were falling, right?
- 0x000000001 5y ago
  There were about 30 rich people who got scammed on tulips and that's it. That's the whole story. The end. They barely lost any money.
- ashwagary 5y ago
  Fixed total supply vs unfixed (perishable) total supply. There is no legitimate comparison to be made as far as 'collectibles' are concerned.
retsibsi 5y ago
Why do you think they would do that?
- ashwagary 5y ago
  Because I know a large % of the supply will never be unlocked and I can own the remaining available supply at a reasonable price. This is not a hypothetical, I will buy the remaining supply given a steep enough discount. At $1 BTC, the total supply would only cost $21M (not a lot of money). I can think of at least 5 peers that would do the same.

shapefrog 5y ago

It might just overshoot zero and go to a negative value. 0n a long enought time line bitcoin, in its current form at least, will 100% be worthless. That day is when its cryptographic backbone is either broken or surpassed by computing capacity to break the public / private keys.

ashwagary 5y ago
So you think the chain will be attacked and all the devs with trillions invested (at that point in the future) will be completely blindsided and not defend the network by soft/hardforking/etc? I completely disagree.
- shapefrog 5y ago
  Your reply reads like a 'complete agreement' rather than a disagreement - as at that point in time you suggest, the chain ... will no longer be in its current form. So yes, I completely agree with your agreement.
  - ashwagary 5y ago
    >Your reply reads like a 'complete agreement' rather than a disagreement Wrong, there have been a few soft forks already. You seem to not know the history of bitcoin or what makes bitcoin bitcoin. You need to do some studying before discussing this topic.

bloodyplonker22 5y ago

Just like all the billionaires that bought the total supply of tulips when they were falling, right?

0x000000001 5y ago
There were about 30 rich people who got scammed on tulips and that's it. That's the whole story. The end. They barely lost any money.
ashwagary 5y ago
Fixed total supply vs unfixed (perishable) total supply. There is no legitimate comparison to be made as far as 'collectibles' are concerned.

retsibsi 5y ago

Why do you think they would do that?

ashwagary 5y ago
Because I know a large % of the supply will never be unlocked and I can own the remaining available supply at a reasonable price. This is not a hypothetical, I will buy the remaining supply given a steep enough discount. At $1 BTC, the total supply would only cost $21M (not a lot of money). I can think of at least 5 peers that would do the same.