Re:Bitcoin is dead. Long live bitcoin.
by eridius on Wednesday April 24, 2013 @07:28PM
(#5604674)
Never? It's faaaar too early to make that claim. What if the cryptography is broken? Or if another crypto-currency comes along that's demonstrably better, to the point that everyone stops buying bitcoin and starts buying this new currency instead? These are but two scenarios that would cause bitcoin to lose its desirability, and therefore its value.
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> Never? It's faaaar too early to make that claim.
It will never be more certain than it is right now. What are you waiting for?
> What if the cryptography is broken?
Sorry, but I trust ECDSA and SHA256. Quantum computers may be a concern eventually, but I think there are mitigation strategies for that.
> Or if another crypto-currency comes along that's demonstrably better, to the point that everyone stops buying bitcoin and starts buying this new currency instead?
What if a unicorn flies out of the sky and starts pooping rainbows? There is no possible crypto-currency that is demonstrably significantly better.