Ever thought about what might bring crypto to its knees? Like a final nail in the coffin kinda thing? Bitcoin could go down when the last coin's mined since miners might not have enough reasons to keep going. Some think it could just be taken over by governments and big institutions.
What Could Signal the End of Crypto?
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Honestly, crypto’s bounced back from crazy drops more than once. Sure, there’s the chance of everything crashing, but I think if the internet gets banned, we’d have way bigger issues to deal with than crypto.
Totally agree that no one has a crystal ball about Bitcoin or the rest of the cryptos. It’s key to remember we still have opportunities to invest now.
Figuring out the end game is a gamble, right? We all got personal goals in crypto. Who knows if we’ll even be around when the last Bitcoin is mined? It’s tough to imagine the real end unless something drastic happens.
I’ve thought about leaving the future worries to the next gen. We might not see the last Bitcoin mined, so I’m focused on securing my profits today.
If Bitcoin dies, I reckon most altcoins tag along too. But the core networks will stick around as long as there are users. The doom day would be the internet shutting down, and that’s gonna hit everyone hard.
Imagine a massive global conflict taking out the internet! Food and water shortages would be the main concern. Honestly, Bitcoin would seem so irrelevant in that chaos.
chain_diamondMember
Posts: 17 · Reputation: 52
#8Aug 24, 2022, 05:35 PM
Transaction fees may or may not keep Bitcoin alive. However, if there are enough users, I bet someone will fork it and alter the supply.
swiftstackFull Member
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#9Aug 24, 2022, 11:00 PM
115 years until the last Bitcoin is mined, right? Anything could change by then, including new cryptos popping up. The end for Bitcoin could also apply to others, so who knows?
If we’re talking about a nuclear disaster, money won’t matter. But wait, what if there are mining nodes in space? That would keep some form of crypto alive regardless of Earth’s chaos.
True, gold and cash can’t flow like crypto. But how will folks survive without basic needs? It’s a mess out there, but I think crypto will still have its place if the infrastructure is intact.
I've worried about what happens when there are no more block rewards for miners. It’s all about the transaction fees, but the community often dismisses my concerns as FUD.
CyberTokenSenior Member
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#13Aug 25, 2022, 12:54 PM
If a nuclear war breaks out, you really think people will bother to run Bitcoin nodes? That sounds wild. Surviving will be the priority.
If humanity gets wiped out, Bitcoin loses its value. Only tech like robots might make sense of it. But sure, the idea of having nodes in space is interesting for disaster recovery.
If the world flips upside down, Bitcoin's just gonna be a toy for AI and machines. You’re right about it surviving in space, but who knows what lies ahead?
The scenario could really unfold in many ways once Bitcoin’s mined out. Hard forks, 51% attacks... or maybe it just fades out and loses its charm.
+1, too many uncertainties, and we can only speculate!
I still think it could be a chance for crypto to redefine itself if the world hits rock bottom.
We’re in the dark here for sure, just gotta keep watching the trends.
Lol, anyone else feel like we’re overthinking this? What’s next? A doomsday clock for crypto?