Bitcoin halving to be canceled? - page 17.

RealPhotoshoper

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Quote from: deisik on September 22, 2015, 12:11:24 PM

There was much hype about the Fed raising interest rates in 2015, but we are still there, at the lowest possible level (wtf, it is even no longer the lowest possible limit). Bitcoin halving in July, 2016, is talked about as much, but will it really happen?

I ain't sure

i'm sure it gonna be happen,just wat and see,and i'm not patient to see how bitcoin price will be after this bitcoin halving,lets hope the best for bitcoin.
one thing that i'm not sure is bitcoin price gonna rise so high if bitcoin halving come. countdown are 4 month left.

enhu

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Quote from: n0ne on March 11, 2016, 12:14:07 PM

Quote from: Pollak on March 11, 2016, 04:32:44 AM

That will not happen of course. And you can never know what will happen later with the halving or value later in the future.
It is very hard to predict for what is going to happen in the future so we just have to wait and see for what is going to happen.

As quoted above it's pretty hard to predict the bitcoin growth as well price increase. Prediction might go wrong and make changes, but never halving gets cancelled.

the demand of btc is still up and people are buying it. once halving starts, the price is going to rise since its supply is getting lesser. I think this will indeed happen its a fundamental principle.
why are we sure the demand is going to be greater? because the community says so. Grin

look how much bitcoin is traded every day and how much is transaction being processed everyday on blockchain. and then compare it to some other coins that exist claiming they'll replace btc.

bit1

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One thing is certain, As soon as the date approaches the halving will begin to generate many expectations.

n0ne

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Quote from: Pollak on March 11, 2016, 04:32:44 AM

That will not happen of course. And you can never know what will happen later with the halving or value later in the future.
It is very hard to predict for what is going to happen in the future so we just have to wait and see for what is going to happen.

As quoted above it's pretty hard to predict the bitcoin growth as well price increase. Prediction might go wrong and make changes, but never halving gets cancelled.

Pollak

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Pollak

That will not happen of course. And you can never know what will happen later with the halving or value later in the future.
It is very hard to predict for what is going to happen in the future so we just have to wait and see for what is going to happen.

Amph

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Quote from: AlexBits on March 10, 2016, 06:21:03 PM

The halving will not get cancelled this is just not possible its just the question when it will happen exactly.
If course its not to predict so we just should wait till its the time for the halving.

there are numerous clock on the web, it is easy to know when it will happen, but it's not so easy to predict when the pump will happen

the halving is around july, but the pump can be later this month, at the end or even before, or even next year at the beginning

knowhow

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Be sure of one thing if the halving would be canceled you will see the market reaction on the same size as a meteorit can damage the EARTH ,soo play with the believers of bitcoin taking out the nakamoto struture rule,will make bitcoin crash ,becoming the second bad moment that bitcoin will face after the 1200 dollars drop.No one can control bitcoin,or interfer on it otherwise the concept will die and the coin will loose value instead of keep growing.

AlexBits

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The halving will not get cancelled this is just not possible its just the question when it will happen exactly.
If course its not to predict so we just should wait till its the time for the halving.

MaxTax

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There 's no way the halving will be cancelled. It hasn't been cancelled 1 time.
It would make no sense to do it now. These days a lot of money is involved and some big parties won't be happy it if will be cancelled.

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Quote from: nostal02 on March 10, 2016, 02:10:54 AM

The halving wont be canceled as its part of the program of bitcoin,with the halving it will also raise it price and thats what makes it valuable

The price has already risen. When I started this thread, the price was about $220, and one of the premises for Bitcoin halving cancellation was the price staying there (i.e. miners profits collapsing at the halving). Now that the price more than doubled (read miners profits surged), there is no more need for halving to be canceled. Whether the topic still needs to be written to is questionable...

Though I'm not going to lock it

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Quote from: Amph on March 10, 2016, 04:36:44 AM

Quote from: jeremy grol on March 09, 2016, 07:04:30 PM

Why has to be cancelled?

so miners can not lose profit with it, for each halving they need a major efficiency to remain profitable

If you are a miner then surely that event is something not funny. Though halving has to happen to lower reward and weed out the amount of miners mining. The network is way too oversecured which results in each transaction eating an enourmous amount of power. Which in a result means bitcoin is far from being a green tech at the moment.

After the halving bitcoin will still be safe and there will always be miners who mine on the edge of profitability, most even under profitability.

Amph

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Quote from: jeremy grol on March 09, 2016, 07:04:30 PM

Why has to be cancelled?

so miners can not lose profit with it, for each halving they need a major efficiency to remain profitable

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Quote from: n691309 on November 29, 2015, 10:45:47 AM

Quote from: deisik on November 25, 2015, 05:12:56 PM

Quote from: n691309 on November 25, 2015, 03:20:52 PM

Quote from: deisik on November 25, 2015, 03:09:55 PM

Quote from: USB-S on November 25, 2015, 02:44:12 PM

If we were to cancel the halving, can we remove the 21mil hard cap as well?

The latter follows from the former

If the supply is unlimited then how much would cost a bitcoin? it is better to have restriction and a limit on supply as the price should be increased year by year until there are a small amount in market.

I have created another topic which discusses this issue in particular. Short version, the higher price (due to limited supply) turns Bitcoin into a Ponzi scheme, which would kill it eventually...

Well it can kill it or it will boost it one of these two, back to the topic now i think that even if this halving will be canceled there will not be a huge difference, only new mining rigs will be produced and the difficulty will be increased.

It can kill it? I think the demand for bitcoin would still be there.

I mean as long the price is still up, you`ll know for sure regardless halving or not we still be around.

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Is this just some kind of a hoax or someone is scaring someone. Grin

I dont think so. That will happen eventually. I think a lot might be affected if it will be canceled.

nostal02

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The halving wont be canceled as its part of the program of bitcoin,with the halving it will also raise it price and thats what makes it valuable.
We know that if its hard to get its price is really awesome and can gain us profit.

jeremy grol

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Why has to be cancelled?

Ejanend

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Quote from: mouneshwar123 on November 29, 2015, 11:40:47 AM

Why should it be canceled?
it is actually good to bitcoin world, btw good mining rewards too

Even when the bitcoin reward is halved in 6 months, the mining is still profitable for most low electricity price users.

mouneshwar123

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Why should it be canceled?
it is actually good to bitcoin world, btw good mining rewards too

n691309

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Quote from: deisik on November 25, 2015, 05:12:56 PM

Quote from: n691309 on November 25, 2015, 03:20:52 PM

Quote from: deisik on November 25, 2015, 03:09:55 PM

Quote from: USB-S on November 25, 2015, 02:44:12 PM

If we were to cancel the halving, can we remove the 21mil hard cap as well?

The latter follows from the former

If the supply is unlimited then how much would cost a bitcoin? it is better to have restriction and a limit on supply as the price should be increased year by year until there are a small amount in market.

I have created another topic which discusses this issue in particular. Short version, the higher price (due to limited supply) turns Bitcoin into a Ponzi scheme, which would kill it eventually...

Well it can kill it or it will boost it one of these two, back to the topic now i think that even if this halving will be canceled there will not be a huge difference, only new mining rigs will be produced and the difficulty will be increased.

Ejanend

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Quote from: deisik on November 27, 2015, 06:53:14 PM

Quote from: David Rabahy on November 27, 2015, 05:05:14 PM

Is 2,100,000,000,000,000, i.e. 2.1 quadrillion, units enough? No? Please help me understand how many units is enough to allow transactions to flow unimpeded. Bitcoin, with a minor change, can increase the number of units by carrying more precision as opposed to creating more Bitcoins; *without* debasing

This is the most wide-spread delusion that you can fix things by adding more decimal places. Things don't work this way. Money is instrumental, it serves to facilitate trade. But if there is no trade (that is, no exchange of goods and services) mediated in this currency, the number of places after the point is irrelevant...

You are confusing cause and effect by putting the cart before the horse

We can always add 0s behind the decimal point when the value of bitcoin increase. We need to increase the value of bitcoin first.

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