Bitcoin eventually disappear... - page 7.

awik p

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Pepemo.vip

Quote from: pant-79 on December 24, 2018, 02:59:41 PM

It is estimated that the last bitcoin will be released in 2140. It will happen after the generation of block number 6 929 999.
After the world sees the latest bitcoin, the algorithm of the network will not change because of this - new blocks will continue to be created further.
Since the release of new coins will cease, the miners' remuneration will consist of commissions that network users pay to add transactions to the blocks.
The termination of the issue of bitcoin will only increase the price of the coin, so far it is not a question of how useful it will be. Bitcoin is digital gold, gold of the future.

but indeed it requires a very long time, maybe we have switched generations to see that. I think for now I'm still loyal to Bitcoin as long as it still produces. and enjoying the tidal process like now is a proud thing, because we participate in the development of BTC for the process until it reaches its goal

sclmte

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whatever the eventual outcome, Bitcoin, Ethereum, and initiative such a venture into the world of blockchain may burn out and fade away. the general is taking a less significant position in many commentators predictions for where will take us in 2019, that it did in 2018. and time tell whether this means the beginning of the end of blockchain or just the end of the hype that fulled blockchain beginning .

pant-79

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It is estimated that the last bitcoin will be released in 2140. It will happen after the generation of block number 6 929 999.
After the world sees the latest bitcoin, the algorithm of the network will not change because of this - new blocks will continue to be created further.
Since the release of new coins will cease, the miners' remuneration will consist of commissions that network users pay to add transactions to the blocks.
The termination of the issue of bitcoin will only increase the price of the coin, so far it is not a question of how useful it will be. Bitcoin is digital gold, gold of the future.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Well, not just the Bitcoin but every currency has its own limitations. When it comes to the Bitcoin, The limited number is actually helping it to grow in terms of value associated with it. Even though 1 Bitcoin is equivalent to 4000 US dollars today, not every transaction requires $4,000 and hence divisibility comes into the picture. The number of Bitcoins is too big to disappear each and every Bitcoin in the next few centuries but with every loss of Bitcoin, The remaining Bitcoins gain value out of that loss to the entire value of the ecosystem is not damaged.

candra raditya

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Bitcoin is more likely to still have value and become a valuable cryptocurrency, bitcoin is the main and trusted coin in crypto, and if there is a price decline investors will adopt bitcoin because it becomes an opportunity to buy at a cheaper price and in the future will become an advantage.

sirminesalot

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Quote from: Shanu shan on December 24, 2018, 09:24:49 AM

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date Grin

yes you are right, bitcoin will not expire and will always be there at any time. as long as there is still a bitcoin internet network will remain in this digital world.

Shanu shan

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no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date Grin

Godday

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Quote from: Silberman on November 15, 2018, 10:42:54 PM

Quote from: West0813 on November 12, 2018, 09:05:01 AM

There are still so many people and investors that believe in bitcoin. So i think bitcoin will not disappear easily. Bitcoi n will still recover and will dominate the market again.

That is the main reason why bitcoin is not going to disappear, as long as some people keep believing in it and keep using it then bitcoin is going to be here with us, in fact I will say that it is completely the opposite, each day bitcoin is getting stronger and more people are adopting it so the chances that bitcoin is going to disappear are incredibly low.

currently, bitcoin is still standing because bitcoin is still trusted and some people are still fighting for bitcoin. although the state of bitcoin is currently experiencing a sharp decline. they certainly have a sense of doubt, but they also can still survive.

Ozero

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Quote from: Agraoleom on October 02, 2017, 01:46:36 PM

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

In general, yes. Over time, the number of bitcoins will steadily fall due to the loss of access to them for various reasons. Already, about seven million bitcoins have been lost. However, at the same time, I think that technologically, ways will be found to restore them. Otherwise, indeed, Bitcoin is rare. Given that over time the number of different types of cryptocurrency will increase, it will not be a big problem.

Tetutu

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Quote from: UchihaRukawa on November 14, 2018, 05:38:03 AM

I think what you are saying has a point, but before that happened and the amount of bitcoin in the market gets small, it would keep increasing its value first, and if it all was lost because of human error, people can easily make another bitcoin with the same value and same amount, so I think its not gonna be a very big of a problem.

I think that's impossible because bitcoin has become a digital currency globally, even though it's not official. But the number of users is increasing, for those who are active in trade and investment. Bitcoin will never disappear, but Bitcoin will probably experience some regulatory changes which means accommodating government policies in each country.

Silberman

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Quote from: West0813 on November 12, 2018, 09:05:01 AM

There are still so many people and investors that believe in bitcoin. So i think bitcoin will not disappear easily. Bitcoi n will still recover and will dominate the market again.

That is the main reason why bitcoin is not going to disappear, as long as some people keep believing in it and keep using it then bitcoin is going to be here with us, in fact I will say that it is completely the opposite, each day bitcoin is getting stronger and more people are adopting it so the chances that bitcoin is going to disappear are incredibly low.

UchihaRukawa

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I think what you are saying has a point, but before that happened and the amount of bitcoin in the market gets small, it would keep increasing its value first, and if it all was lost because of human error, people can easily make another bitcoin with the same value and same amount, so I think its not gonna be a very big of a problem.

darefreads

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Disappear really? I think it will not gonna disappear, it will surely grow more because most of people know know how useful it was in the economy and the community. Just how the technology grow in the past few years in any country it will make a big difference in this era were many people are getting interested to get involved.

Osarman

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Quote from: mensahkkofie on November 06, 2018, 06:08:10 AM

There is nothing like disappearance in the world of blockchain technology. Bitcoin has come to stay and the best is still yet to come. In economics, when a commodity is in short supply, the price obviously goes up and this has always been the case in every society and this can easily be applied in crypto too.

I know where the op is actually heading to. What he’s trying to say is for example in a situation where someone who owns a huge amount of money eventually dies, what will happen to those coins he owns? So in this case I believe that it is basically lost, unless someone gets access to that wallet and moves the coins. But whatever, I don’t think anyone would keep huge amount of money cryptocurrency without letting someone close to them know about it.

nasipadang

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Quote from: Agraoleom on October 02, 2017, 01:46:36 PM

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

There is some truth, the point is that bitcoin can be lost if the user doesn't want it anymore, meaning that if there is no request, the value will continue to shrink until it is no longer worthy, in this condition the bitcoin will disappear. This is just my personal opinion, but bitcoin can still survive and maybe it can even be the currency that is much sought after in the future due to its unique technological advantages.

reality18

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The disappearance of Bitcoin? These are all fallacies that need to be refrained from especially the newbie investors in crypto. Bitcoin has already gained roots and excelling. It is the future of most payment systems of businesses, companies, institutions etc.

primejia

newbie

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Quote from: freebutcaged on October 02, 2017, 07:54:02 PM

Wrong mate, Bitcoin is not really shrinking, every now and then people are forking the same blockchain creating a total double spent hard fork to have their

Own altcoin, do I have to count them for you one by one or do you know about them already? Bitcoin is not issued by printing like fiat is, price of the coins

Correlates with the total numbers of them, one could claim to have lost access to his coins but after a few years you see the same coins being transferred

And sold, that's why the market will always account for all of the coins.

the possibility of a bitcoin that can't be accessed anymore because the owner forgets the password and maybe the owner has passed away for a long time and can be mine again? if that is possible then the number of bitcoin will not shrink or run out, but if the settling bitcoin is not normally taken anymore it is not impossible that the number of bitcoins can run out, but it will be replaced by an altcoin whose technology is taken from bitcoin, currency the future will still not run out and will continue to grow ... I think so, ...

lingwistiko

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╔►[FILIPINO Translator]◄╝

I don't believe this because i disagree with this in the first place. How can bitcoin disappear if it is already very popular and that almost every entities from different countries around the world is starting to evolve into more powerful one as they started to embrace the blockchain technology.

RokokGudangGaram

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Quote from: smile1218 on November 12, 2018, 07:45:49 AM

Quote from: Agraoleom on October 02, 2017, 01:46:36 PM

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I don’t think it will happen because if the investors stopped investing that will be the time bitcoin might disappear and we can see it in the flactuation of the market.

it's true because bitcoin travel depends on its users, because the more users who use bitcoin to be used as investment or trade, the better the bitcoin's journey to reach the future...

safarabela

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I never thought bitcoin would disappear, but Bitcoin would be able to survive and be able to rise from its fall. Bitcoin is the highest and there is nothing to worry about from bitcoin. Maybe you can wait a few years to prove your thinking.

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