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No. Bitcoin will survive because it invented a system you can trust without having to trust anyone else using the system. This literally had not been done befor
by spectrum1234 12y ago
No. Bitcoin will survive because it invented a system you can trust without having to trust anyone else using the system. This literally had not been done before. All your arguments are irrelevant because they are missing this central point.
- saraid216 12y agoAs long as people who trust the system also trust untrustworthy others using the system, that perk is not going to be particularly relevant.
- SCAQTony 12y agoThe technology is brilliant, perhaps I should have used "Napster" as an analogy which was eventually replaced with iTunes, Spotify and others. I do not believe the digital currency known as Bitcoin will survive unless governments and government regulation is installed. I do believe digital currency is the future.
- bdcravens 12y agoThe simpler possibility is that Bitcoin will get suffocated due to market disappointment. Digital currencies that don't have the memory of November 2013 carved into the psyche would be able to succeed purely on technical and market merits.