64 more halvings to go for bitcoins | Bitcointalksearch.org

Jamada

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Quote from: Vikingr on July 28, 2016, 03:38:03 PM

I think all of the bitcoins will be mined within a few years and at that time the miners will not fear for the halving, and it will not have any effect on the price of bitcoin any more.

After the next 3-5 halving, the transaction fees will be higher than the block reward, the halving will not have major effect.

isvicre

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Quote from: Vikingr on July 28, 2016, 03:38:03 PM

I think all of the bitcoins will be mined within a few years and at that time the miners will not fear for the halving, and it will not have any effect on the price of bitcoin any more.

All the bitcoins mined in a few years...

Try again friend.

Vikingr

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I think all of the bitcoins will be mined within a few years and at that time the miners will not fear for the halving, and it will not have any effect on the price of bitcoin any more.

SirLancelot

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Quote from: ebliever on July 27, 2016, 02:35:19 PM

I've always and consistently heard that the last halving will be around 2140, and we know the halvings occur every 4 years. So somebody's math is screwed up somewhere. 2140 would imply there are about 31 more halvings to go.

That's because it's whats published in bitcoin wiki saying that the last halving might occur at 2140. In addition to a screwed math, somebody's probably not reading information about the halving either.

@OP, never need to worry about number of halving as it can be unlimited when bitcoin is divisible beyond 8 digits.

SmartIphone

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Quote from: groll on July 11, 2016, 11:12:52 PM

64 halvings x 4 years is equals to 256 years. So possible bitcoin will probably exist 260 years from now. It is bad new or good news. It maybe bad new for future generations but of us it is good news since we will not be able to witness the end of bitcoin.

Then after reading that facts, i decided to hoard some of my btc and I will open it and use after 20 years, since at that time bitcoin will still be alive.

Will you share your thoughts about it and correct me if i am wrong, I believe that multiple minds is better than one.

I think that there are 30+ more halvings until the block rewards ends at 0 satoshi based on the bitcoin wiki page: https://en.bitcoin.it/wiki/Controlled_supply
We don't know what will happen after few centuries but we should focus for this and next decade what could happen to increase bitcoin value.

ebliever

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I've always and consistently heard that the last halving will be around 2140, and we know the halvings occur every 4 years. So somebody's math is screwed up somewhere. 2140 would imply there are about 31 more halvings to go.

Kprawn

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Quote from: Gahs on July 27, 2016, 10:41:26 AM

Quote from: groll on July 11, 2016, 11:12:52 PM

64 halvings x 4 years is equals to 256 years. So possible bitcoin will probably exist 260 years from now. It is bad new or good news. It maybe bad new for future generations but of us it is good news since we will not be able to witness the end of bitcoin.

Then after reading that facts, i decided to hoard some of my btc and I will open it and use after 20 years, since at that time bitcoin will still be alive.

Will you share your thoughts about it and correct me if i am wrong, I believe that multiple minds is better than one.

Someone just pointed it out that if everybody holds their coins, there will be few coins in circulation and the late adopters will not have an incentive to join the mainstream.

There will always be people that would sell their coins... even the hardcore hoarders have their selling price. Wink

... The more coins hoarded the higher the price, and as soon as the price increase to a

level where people find it irresistible to sell, they will do so. Many late adopters will just have to pay a higher price to join the mainstream and that is how it is supposed to be. The market of supply and

demand is at work here, not government manipulation. Roll Eyes

Denker

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Quote from: Gahs on July 27, 2016, 10:41:26 AM

Quote from: groll on July 11, 2016, 11:12:52 PM

64 halvings x 4 years is equals to 256 years. So possible bitcoin will probably exist 260 years from now. It is bad new or good news. It maybe bad new for future generations but of us it is good news since we will not be able to witness the end of bitcoin.

Then after reading that facts, i decided to hoard some of my btc and I will open it and use after 20 years, since at that time bitcoin will still be alive.

Will you share your thoughts about it and correct me if i am wrong, I believe that multiple minds is better than one.

Someone just pointed it out that if everybody holds their coins, there will be few coins in circulation and the late adopters will not have an incentive to join the mainstream.

Groll wrote that he is going to hodl some of his bitcoins, not all!
So he is spending and therefore distributing as well.
And the more Bitcoin rises in it's value the more people will start to spend it for almost everything they would like to buy. Cars, property, clothes, holidays and so on.
There won't be just pure hodling.Don't worry about that.

isvicre

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Quote from: Gahs on July 27, 2016, 10:41:26 AM

Quote from: groll on July 11, 2016, 11:12:52 PM

64 halvings x 4 years is equals to 256 years. So possible bitcoin will probably exist 260 years from now. It is bad new or good news. It maybe bad new for future generations but of us it is good news since we will not be able to witness the end of bitcoin.

Then after reading that facts, i decided to hoard some of my btc and I will open it and use after 20 years, since at that time bitcoin will still be alive.

Will you share your thoughts about it and correct me if i am wrong, I believe that multiple minds is better than one.

Someone just pointed it out that if everybody holds their coins, there will be few coins in circulation and the late adopters will not have an incentive to join the mainstream.

That hypothetical doesn't work though because not everyone would hold their coins in any situation.

gentlemand

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And with the aid of refugee organ donation and reduced calorie dieting I'll be there to witness every single one. I'll light a candle for those who didn't make it.

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Quote from: Gahs on July 27, 2016, 10:41:26 AM

Quote from: groll on July 11, 2016, 11:12:52 PM

64 halvings x 4 years is equals to 256 years. So possible bitcoin will probably exist 260 years from now. It is bad new or good news. It maybe bad new for future generations but of us it is good news since we will not be able to witness the end of bitcoin.

Then after reading that facts, i decided to hoard some of my btc and I will open it and use after 20 years, since at that time bitcoin will still be alive.

Will you share your thoughts about it and correct me if i am wrong, I believe that multiple minds is better than one.

Someone just pointed it out that if everybody holds their coins, there will be few coins in circulation and the late adopters will not have an incentive to join the mainstream.

i think there will be no thing that most of the people will be holding their bitcoins, there will alwayys be people who will be using it or spending it for goods

Gahs

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Quote from: groll on July 11, 2016, 11:12:52 PM

64 halvings x 4 years is equals to 256 years. So possible bitcoin will probably exist 260 years from now. It is bad new or good news. It maybe bad new for future generations but of us it is good news since we will not be able to witness the end of bitcoin.

Then after reading that facts, i decided to hoard some of my btc and I will open it and use after 20 years, since at that time bitcoin will still be alive.

Will you share your thoughts about it and correct me if i am wrong, I believe that multiple minds is better than one.

Someone just pointed it out that if everybody holds their coins, there will be few coins in circulation and the late adopters will not have an incentive to join the mainstream.

Snorek

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Bitcoin is only seven years old. It is understandable it will experience every problem of new technologies.
I see that people are unsure and uncertain about far future of BTC but I assure you, this is not what we should worry about now.
Do you really care what will happen in next 40 years, after 12th halving? When block reward will be limited to about 0.024 BTC?
And after 33th halving Block reward will be exactly 0. Where the hell 64 came from in the first place?
As Lutpin said, Bitcoin won't stop existing just because block reward will be exactly zero.
At that point in time miners would not be 'mining' anymore but instead they will switch to take care about managing transaction.
It is hard to speculate about this now, but in theory this should be more that enough to keep Bitcoin network alive indefinitely as long a bitcoin will be used.

Blackmet

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So after every halvings we will get limited cryptocurrency with very expernicve price, but in 200 years everything can change a lot, better to live nowdays.

lister storm

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Quote from: DeathAngel on July 12, 2016, 04:33:34 AM

I don't think we need to worry about what happens in 64 halvings time. We will all be dead Grin

I'm more concerned & interested about the immediate future.

well there is always chance that there will be invincibility potion Cheesy

though i think you are right it will be not our business but they will most probably push the price up

Jamada

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After 4 more halving, the halving will have very little effect on the price as most of coins are mined and the transaction fee is higher than the block reward.

rizzlarolla

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Quote from: PacePay on July 12, 2016, 04:26:08 PM

About 75% bitcoins are mined already so I think within a two or three years the remaining will also be mined so then miners will not need any halving, as after that there will be nothing to mine, after that bitcoin will be used as a normal currency and will have already a highest value.

Read the post above, yo spammer.
What you imagined will happen is irrelevant and wrong.

PacePay

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About 75% bitcoins are mined already so I think within a two or three years the remaining will also be mined so then miners will not need any halving, as after that there will be nothing to mine, after that bitcoin will be used as a normal currency and will have already a highest value.

rizzlarolla

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Quote from: groll on July 11, 2016, 11:43:53 PM

Quote from: Lutpin on July 11, 2016, 11:20:51 PM

Quote from: groll on July 11, 2016, 11:12:52 PM

61 halvings x 4 years is equals to 256 years. So possible bitcoin will probably exist 260 years from now.

(Despite the numbers being wrong, how do you get to 61 halvings?!)
What gives you the idea that with the block reward reaching 0 at block #6,930,000 bitcoin will stop existing?
Bitcoin got the potenatial to exist/be used long over the time of block rewards and new bitcoins being added to the current supply.
Whether or not it will, that's another point for discussion entirely.
But there surely will not be a point where with a single block, bitcoin will stop being used/to exist.

https://news.bitcoin.com/halving-no-affect-bitcoin/

I want you to read this article and look the last paragraphs that says:

"There will be 64 more halvings as the years go by and the network continues to progresses. What we do know is there will only be 21 million BTC, and that the system is far superior to the likes of the Federal Reserve and fractional banking practices."

So far as I read it, it says 64 halvings more to go. After you read it pls comment me your opinion on this.

My opinion?
news.bitcoin is bollocks.
This thread is a hive of misinformation. (good luck getting anyone to hear you Ludpin, above the noise of their sig spamming)
And there will be a total of 34 halvings.

See https://en.bitcoin.it/wiki/Controlled_supply

greatr

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Quote from: Digitalbitcoin on July 12, 2016, 02:48:32 PM

Halving is predefined calculations after every 210000 blocks mined. By the calculation it tooks 2145 of year to solve all blocks. And after solving every block all plates will get destroyed.

thats true, for me its really great to know that bitcoin halvings are in code and it is impossible for any person to cancel it, i really like bitcoins to be honest because its not controlled

Topic: 64 more halvings to go for bitcoins (Read 2035 times)