2016 Halving: Could It Actually Kill BTC? - page 3.

ebliever

legendary

Activity: 1708

Merit: 1036

Quote from: gogxmagog on April 10, 2015, 02:58:57 PM

I was just thinking this morning, about the reward halving upcoming sometime 2016. Most ppl here are pretty assured that when the halving happens it will guarantee that BTC will increase in value. There have been plenty of guarantees over the last year or so and none have panned out so far. If BTC remains at its current performance level, wouldn't the halving merely drive any miners operating at a thin margin out, make mining not profitable enough for new miners to get in the game and basically slow the network? I understand supply and demand, but demand drives that, not necessarily supply. If no one wants a 200$ btc, it doesn't matter how many there are or how hard they are to mine?

just a shower thought, what's your take? and please, limit your "BTC CAN NEVAR DIE and you sir are a cock!" statements to provable truths, not opinionated speculation please. BTC could die and very well might. I hope not, but that isn't the point of this thread.

What do you think will really happen when the halving comes? anyone thought through any scenarios?

No, the network will not slow. It adjusts every 2016 blocks, so any slowdown would be minor and temporary.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: gogxmagog on April 10, 2015, 02:58:57 PM

I was just thinking this morning, about the reward halving upcoming sometime 2016. Most ppl here are pretty assured that when the halving happens it will guarantee that BTC will increase in value. There have been plenty of guarantees over the last year or so and none have panned out so far. If BTC remains at its current performance level, wouldn't the halving merely drive any miners operating at a thin margin out, make mining not profitable enough for new miners to get in the game and basically slow the network? I understand supply and demand, but demand drives that, not necessarily supply. If no one wants a 200$ btc, it doesn't matter how many there are or how hard they are to mine?

just a shower thought, what's your take? and please, limit your "BTC CAN NEVAR DIE and you sir are a cock!" statements to provable truths, not opinionated speculation please. BTC could die and very well might. I hope not, but that isn't the point of this thread.

What do you think will really happen when the halving comes? anyone thought through any scenarios?

this is ws always my thought, but many users seem to not agree with this, interest is more importan or in the worst case equal to supply, and having less doesn't mean that bitcoin will worth more, there are chance that the halving will only reduce numbers of miners(and therefore the diff, this could be a good thing actually, small farms could join the network finally) and nothing else

in the end i think that it will stay the same or a little boot will occur nothing crazy, especially if you compare it to the first halving(50 to 25 on november 28 2012), the price didn't change too much(almost x2) there....

Quote from: spazzdla on April 10, 2015, 03:13:51 PM

There are miners that mine to secure the network. I would love to have a weeding out of the miners that are in it for profit alone. The massive mine farms must die.

The network would weaken heavily but not die. Coins mined would go to those that are interested in Bitcoin and not profit.

I want to see sub $100 coins for a couple months to cause the collapse of the mining farms. The purpose of mining should be to secure it not to profit... Merica and friends will attack it.. will you defend it?

you didn't get it, that profit should be seen as a reward for securing the network, the network is actually working as intended by satoshi, there was one of his msg regarding this

spazzdla

legendary

Activity: 1722

Merit: 1000

There are miners that mine to secure the network. I would love to have a weeding out of the miners that are in it for profit alone. The massive mine farms must die.

The network would weaken heavily but not die. Coins mined would go to those that are interested in Bitcoin and not profit.

I want to see sub $100 coins for a couple months to cause the collapse of the mining farms. The purpose of mining should be to secure it not to profit... Merica and friends will attack it.. will you defend it?

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

I was just thinking this morning, about the reward halving upcoming sometime 2016. Most ppl here are pretty assured that when the halving happens it will guarantee that BTC will increase in value. There have been plenty of guarantees over the last year or so and none have panned out so far. If BTC remains at its current performance level, wouldn't the halving merely drive any miners operating at a thin margin out, make mining not profitable enough for new miners to get in the game and basically slow the network? I understand supply and demand, but demand drives that, not necessarily supply. If no one wants a 200$ btc, it doesn't matter how many there are or how hard they are to mine?

just a shower thought, what's your take? and please, limit your "BTC CAN NEVAR DIE and you sir are a cock!" statements to provable truths, not opinionated speculation please. BTC could die and very well might. I hope not, but that isn't the point of this thread.

What do you think will really happen when the halving comes? anyone thought through any scenarios?

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