BitShares Forum
Main => General Discussion => Topic started by: donkeypong on September 24, 2015, 06:06:16 am
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Interesting coverage of a recent panel discussion with notable Bitcoin company CEOs (see link). It seems a number of Bitcoin movers & shakers believe it could be replaced by a next generation currency. I wonder what that would be. Hmmm...
http://cointelegraph.com/news/115330/is-bitcoin-on-its-death-bed (http://cointelegraph.com/news/115330/is-bitcoin-on-its-death-bed)
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> cointelegraph
nice fantasy site. I have zero respect for their work.
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Interesting coverage of a recent panel discussion with notable Bitcoin company CEOs (see link). It seems a number of Bitcoin movers & shakers believe it could be replaced by a next generation currency. I wonder what that would be. Hmmm...
http://cointelegraph.com/news/115330/is-bitcoin-on-its-death-bed (http://cointelegraph.com/news/115330/is-bitcoin-on-its-death-bed)
If something can replace Bitcoin , it may not be standing in BItcoin's bubble any more .
The fall of Bitcoin would shake down the people's expectation in Crypto currency's shelf-life , and wouldn't invest as much as when they thought crypto currency can be last forever .
It would just proof that crypto currency is some sort of ponzi and whoever catches at last will get burn .
So , I don't think Bitcoin's death would justify any crypto-currency's debut .
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I don't think Bitcoin will just disappear. The more likely outcome would be that it continues to flail for technological and governance reasons, and that many of the companies that have been building pieces of infrastructure around Bitcoin start to leave it for a more promising alternative. Over time, that alternative currency would become more valuable and Bitcoin would be slowly replaced.