You can plan minority hard forks but it is difficult. Fails because bitcoin is money and there can be only one version of money or you split the network effect. Both of those assumptions are incorrect and there is a 6 billion dollar incentive to take over the system.
So here is why bitcoin will fail. Why bitcoin is not a bubble bitcoin news tav s blog why bitcoin will fail as a currency promotion of client software which attempts to al. Get an ad free experience with special benefits and directly support reddit.
The algorithm get s harder to crack they say the algorithm get s harder with. So here s my explanation why in my theory bitcoin will fail. If cryptography can be broken we re all screwed.
Below in my opinion are three legitimate reasons why bitcoin could fail. Why bitcoin will fail the appeal of bitcoin is that it is an unregulated decentralized currency which allows people to quickly easily and cheaply transmit money to anyone anywhere and that it s a good method of storing value as well as transmitting it. If there are roughly 12 million coins in circulation and only 21 million can ever be created that means that there isn t enough currency to keep it low enough initially to make it affordable for businesses to get in purchase and adopt bitcoin in their business.
Here are my arguments for why the bitcoin will fail.
