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by sodafountan 3063 days ago
Bitcoin will never go away and certainly won't ever be the product of a museums (What does that even mean?). The problem with your shortsighted line of thinking is that the technology doesn't have to work "as intended" to work. Bitcoin now has global name recognition, every major exchange allows you to exchange it, it's owned by hundreds of thousands of people and it's the most battle tested blockchain in existence. Bitcoin is now essentially a virus that won't be stopped, for as long as there is greed and speculation in this world Bitcoin will continue to spread.

This is not to bash the technology like so many people do here on hacker news (for reasons that are beyond me, this forum used to like cool technology, idk what happened (see the down-votes this post will get as testament to that)) I think bitcoin is good for the world. Bitcoin could be the answer to the consumer and national debt crisis the world faces because it's a form of currency that actually has a limited supply.

If you think this technology is going anywhere except into the wallets of millions of human beings all over the world for the betterment of finance then you're sadly mistaken and I'd be willing to bet you on it. Bitcoin doesn't die.

1 comments

What happens when most of the governments declare Bitcoin mining and trading illegal? South Korea is already acting on it. China has raided mining stations in the past. Even Indian government is planning on taking harse stance against bitcoin exchanges in India and bitcoin holders. What happens when you are not able to trade bitcoin legally at all? This will hinder growth of Bitcoin community.