Really, trees don't grow to the sky. When Bitcoin price begins to stagnate, many long-term holders will like to cash out and call it a day. If Bitcoin doesn't get traction as a means of payment among merchants and service providers till then (which would render speculation inconsequential), it may suffer heavy losses and its price will decline. Obviously, we are still far from that point of saturation and can safely continue to speculate with bitcoins without risking to turn into the only ones left standing and holding the bag
It is true that at some point that the bitcoin will go down eventually but even if the price begins to stagnate people who are holding may not start selling, I mean they have supported and heled bitcoin for a long time why should they start selling when the price starts dropping, and from I see it many merchants and service providers are starting to accept it as a payment method so we shouldn’t be afraid of it going down soon. 
Topic: Bitcoin halving to be canceled? - page 2. (Read 33718 times)
You guys are just feeding a sig spamming clown.
Says the guy who has 11+ k posts
Deisiks job is to spam on this forum for sig pennies. On top of that editmajoritymost of the time he doesnt even know what he is talking about...^^"
Quote
In respect to my own attitude toward Bitcoin, I'm not particularly married to Bitcoin, there is life out there
Says the guy who has 11+ k posts
Deisiks job is to spam on this forum for sig pennies. On top of that edit
Really, I'm quite happy that there are people who are willing to hold the bag for us, opportunistic traders and short-term holders. But, to be honest, I don't typically believe when people start claiming similar things, that they will hold no matter how small or high the price might be. Not that I'm saying that they are deliberately lying, they may definitely think so when they say something to that tune. But as the saying goes, when money talks bullshit walks. People are not very reliable in this aspect, given how many things can affect their opinion...
Any sane person would exchange his bitcoins for fiat if he was in urgent need for money (e.g. due to contingency or other adverse events)
Any sane person would exchange his bitcoins for fiat if he was in urgent need for money (e.g. due to contingency or other adverse events)
Except if we talk about no-life nerds, everyone has "normally" a job that gives him a regular paycheck in fiat money. With that, you don't need to sell your precious bitcoins in case something goes wrong. It seems that you don't believe in Bitcoin if you claim such statements. For me Bitcoin is the money to be of the Internet, so there will always people to "hold the bag", expression that I don't like since that means that they're left alone (is this even possible considering the amount of people there is actually and to come ?) with worthless things.
It is nice to have a good well-paid and satisfying job. Nevertheless, you don't know what expenditures you may have to incur in the future. And they may well burn through not only your fiat reserves but through your Bitcoin stash as well. You don't need to trust me, just read about what happened to Hal Finney, and how his early mined bitcoins helped him...
Even though he himself at first seemed to have abandoned Bitcoin as left for dead
In respect to my own attitude toward Bitcoin, I'm not particularly married to Bitcoin, there is life out there
Being inflation free is the best benefit we can have with bitcoins, apparently we are all investors here and why we patronize bitcoins because we expect that it could give us a good benefits and maybe make a fortune out of it.
But there is always a limit to such growth
Really, trees don't grow to the sky. When Bitcoin price begins to stagnate, many long-term holders will like to cash out and call it a day. If Bitcoin doesn't get traction as a means of payment among merchants and service providers till then (which would render speculation inconsequential), it may suffer heavy losses and its price will decline. Obviously, we are still far from that point of saturation and can safely continue to speculate with bitcoins without risking to turn into the only ones left standing and holding the bag
Your reply is kinda caricatural. Long-term holders will probably never sell their bitcoins. As for exemple, I will never sell mine, since the purpose of Bitcoin is to be the money, not to be traded for money once its value compared to fiat will have grown to a certain point. I don't count in fiat money, but only in Bitcoin. For me the biggest problem in a global Bitcoin acceptance if that people are counting their money, even when in Bitcoin, in fiat. For me 0,01BTC is 0,01BTC, not 9,274$
Really, I'm quite happy that there are people who are willing to hold the bag for us, opportunistic traders and short-term holders. But, to be honest, I don't typically believe when people start claiming similar things, that they will hold no matter how small or high the price might be. Not that I'm saying that they are deliberately lying, they may definitely think so when they say something to that tune. But as the saying goes, when money talks bullshit walks. People are not very reliable in this aspect, given how many things can affect their opinion...
Any sane person would exchange his bitcoins for fiat if he was in urgent need for money (e.g. due to contingency or other adverse events)
Except if we talk about no-life nerds, everyone has "normally" a job that gives him a regular paycheck in fiat money. With that, you don't need to sell your precious bitcoins in case something goes wrong. It seems that you don't believe in Bitcoin if you claim such statements. For me Bitcoin is the money to be of the Internet, so there will always people to "hold the bag", expression that I don't like since that means that they're left alone (is this even possible considering the amount of people there is actually and to come ?) with worthless things.
Being inflation free is the best benefit we can have with bitcoins, apparently we are all investors here and why we patronize bitcoins because we expect that it could give us a good benefits and maybe make a fortune out of it.
But there is always a limit to such growth
Really, trees don't grow to the sky. When Bitcoin price begins to stagnate, many long-term holders will like to cash out and call it a day. If Bitcoin doesn't get traction as a means of payment among merchants and service providers till then (which would render speculation inconsequential), it may suffer heavy losses and its price will decline. Obviously, we are still far from that point of saturation and can safely continue to speculate with bitcoins without risking to turn into the only ones left standing and holding the bag
Your reply is kinda caricatural. Long-term holders will probably never sell their bitcoins. As for exemple, I will never sell mine, since the purpose of Bitcoin is to be the money, not to be traded for money once its value compared to fiat will have grown to a certain point. I don't count in fiat money, but only in Bitcoin. For me the biggest problem in a global Bitcoin acceptance if that people are counting their money, even when in Bitcoin, in fiat. For me 0,01BTC is 0,01BTC, not 9,274$
Really, I'm quite happy that there are people who are willing to hold the bag for us, opportunistic traders and short-term holders. But, to be honest, I don't typically believe when people start claiming similar things, that they will hold no matter how small or high the price might be. Not that I'm saying that they are deliberately lying, they may definitely think so when they say something to that tune. But as the saying goes, when money talks bullshit walks. People are not very reliable in this aspect, given how many things can affect their opinion...
Any sane person would exchange his bitcoins for fiat if he was in urgent need for money (e.g. due to contingency or other adverse events)
Earlier, in the thread, I have given the reasons why I think the cancellation of halving is a must-do thing (that is, the cap on the number of coins mined should be removed). In fact, Dogecoin had also been initially capped at some limit (100B coins if I'm not mistaken), but later they wisely removed the cap, and now it has a constant monetary inflation rate in terms of new coins, and, consequently, a constantly diminishing monetary inflation rate in relative terms...
If they don't do something like that with Bitcoin, it will implode sooner or later
If they don't do something like that with Bitcoin, it will implode sooner or later
Have you ever read Satoshi's white paper? You can find it here: https://bitcoin.org/bitcoin.pdf
He says: Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free
I don't quite understand what this quote refers too. Bitcoin will implode just like all financial pyramids do in due course, not because there will be no more coins mined and miners would power off...
If that was your point, of course
But there is always a limit to such growth
Really, trees don't grow to the sky. When Bitcoin price begins to stagnate, many long-term holders will like to cash out and call it a day. If Bitcoin doesn't get traction as a means of payment among merchants and service providers till then (which would render speculation inconsequential), it may suffer heavy losses and its price will decline. Obviously, we are still far from that point of saturation and can safely continue to speculate with bitcoins without risking to turn into the only ones left standing and holding the bag
Your reply is kinda caricatural. Long-term holders will probably never sell their bitcoins. As for exemple, I will never sell mine, since the purpose of Bitcoin is to be the money, not to be traded for money once its value compared to fiat will have grown to a certain point. I don't count in fiat money, but only in Bitcoin. For me the biggest problem in a global Bitcoin acceptance if that people are counting their money, even when in Bitcoin, in fiat. For me 0,01BTC is 0,01BTC, not 9,274$.
Why canceling the halving, i think it is programmed on that way that when the next 210,000 blocks are reached (on this halving it will happen on the 420,000th block), miners can not decide to approve or vote to cancel or not the halving. Let's see what will happen in less than 2 days.
Technically they can (if the majority wants to). On the other hand, they will never do something that would destroy their business. So, don't worry!
I'm sure that at least the canceling of halving is not going to happen in the next two days, but if they have the power it does not mean that they should cancel this. But if they cancel what will happen next? Will the next halving be 12.5 or less than that!! I understand the miners, they would be happy if this will happen!
As of now mining reduction would 12.5 only however will wait and watch the future halving. I could say this halving provides good value of bitcoins now. It's almost double the value now.
Earlier, in the thread, I have given the reasons why I think the cancellation of halving is a must-do thing (that is, the cap on the number of coins mined should be removed). In fact, Dogecoin had also been initially capped at some limit (100B coins if I'm not mistaken), but later they wisely removed the cap, and now it has a constant monetary inflation rate in terms of new coins, and, consequently, a constantly diminishing monetary inflation rate in relative terms...
If they don't do something like that with Bitcoin, it will implode sooner or later
If they don't do something like that with Bitcoin, it will implode sooner or later
Have you ever read Satoshi's white paper? You can find it here: https://bitcoin.org/bitcoin.pdf
He says: Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free
I don't quite understand what this quote refers too. Bitcoin will implode just like all financial pyramids do in due course, not because there will be no more coins mined and miners would power off...
If that was your point, of course
But there is always a limit to such growth
Really, trees don't grow to the sky. When Bitcoin price begins to stagnate, many long-term holders will like to cash out and call it a day. If Bitcoin doesn't get traction as a means of payment among merchants and service providers till then (which would render speculation inconsequential), it may suffer heavy losses and its price will decline. Obviously, we are still far from that point of saturation and can safely continue to speculate with bitcoins without risking to turn into the only ones left standing and holding the bag
This is what is called "exploring conditional or imaginary situations". It is not a matter of whether I believe in that or not, absolutely. I'm just saying that a thing like that would be like "a bolt out of the blue (sky)", that is, something completely unexpected. Or, in other words, a total Black Swan event (in Nassim Taleb's terms). If you, nevertheless, still insist on a yes/no answer, then no, I don't believe that it will happen...
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
Not only I would be extremely surprised, but I would immediately dump all my coins before Bitcoin is destroyed.
But, it won't happen, so I will happily keep my bitcoins
Earlier, in the thread, I have given the reasons why I think the cancellation of halving is a must-do thing (that is, the cap on the number of coins mined should be removed). In fact, Dogecoin had also been initially capped at some limit (100B coins if I'm not mistaken), but later they wisely removed the cap, and now it has a constant monetary inflation rate in terms of new coins, and, consequently, a constantly diminishing monetary inflation rate in relative terms...
If they don't do something like that with Bitcoin, it will implode sooner or later
Have you ever read Satoshi's white paper? You can find it here: https://bitcoin.org/bitcoin.pdf
He says: Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free
I don't quite understand what this quote refers too. Bitcoin will implode just like all financial pyramids do in due course, not because there will be no more coins to mine and miners would power off...
If that was your point, of course
This is what is called "exploring conditional or imaginary situations". It is not a matter of whether I believe in that or not, absolutely. I'm just saying that a thing like that would be like "a bolt out of the blue (sky)", that is, something completely unexpected. Or, in other words, a total Black Swan event (in Nassim Taleb's terms). If you, nevertheless, still insist on a yes/no answer, then no, I don't believe that it will happen...
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
Not only I would be extremely surprised, but I would immediately dump all my coins before Bitcoin is destroyed.
But, it won't happen, so I will happily keep my bitcoins
Earlier, in the thread, I have given the reasons why I think the cancellation of halving is a must-do thing (that is, the cap on the number of coins mined should be removed). In fact, Dogecoin had also been initially capped at some limit (100B coins if I'm not mistaken), but later they wisely removed the cap, and now it has a constant monetary inflation rate in terms of new coins, and, consequently, a constantly diminishing monetary inflation rate in relative terms...
If they don't do something like that with Bitcoin, it will implode sooner or later
Have you ever read Satoshi's white paper? You can find it here: https://bitcoin.org/bitcoin.pdf
He says: Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free
I don't quite understand what this quote refers too. Bitcoin will implode just like all financial pyramids do in due course, not because there will be no more coins mined and miners would power off...
If that was your point, of course
This is what is called "exploring conditional or imaginary situations". It is not a matter of whether I believe in that or not, absolutely. I'm just saying that a thing like that would be like "a bolt out of the blue (sky)", that is, something completely unexpected. Or, in other words, a total Black Swan event (in Nassim Taleb's terms). If you, nevertheless, still insist on a yes/no answer, then no, I don't believe that it will happen...
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
Not only I would be extremely surprised, but I would immediately dump all my coins before Bitcoin is destroyed.
But, it won't happen, so I will happily keep my bitcoins
Earlier, in the thread, I have given the reasons why I think the cancellation of halving is a must-do thing (that is, the cap on the number of coins mined should be removed). In fact, Dogecoin had also been initially capped at some limit (100B coins if I'm not mistaken), but later they wisely removed the cap, and now it has a constant monetary inflation rate in terms of new coins, and, consequently, a constantly diminishing monetary inflation rate in relative terms...
If they don't do something like that with Bitcoin, it will implode sooner or later
Have you ever read Satoshi's white paper? You can find it here: https://bitcoin.org/bitcoin.pdf
He says: Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free
I don't quite understand what this quote refers too. Bitcoin will implode just like all financial pyramids do in due course, not because there will be no more coins to mine and miners would power off...
If that was your point, of course
This is what is called "exploring conditional or imaginary situations". It is not a matter of whether I believe in that or not, absolutely. I'm just saying that a thing like that would be like "a bolt out of the blue (sky)", that is, something completely unexpected. Or, in other words, a total Black Swan event (in Nassim Taleb's terms). If you, nevertheless, still insist on a yes/no answer, then no, I don't believe that it will happen...
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
Not only I would be extremely surprised, but I would immediately dump all my coins before Bitcoin is destroyed.
But, it won't happen, so I will happily keep my bitcoins
Earlier, in the thread, I have given the reasons why I think the cancellation of halving is a must-do thing (that is, the cap on the number of coins mined should be removed). In fact, Dogecoin had also been initially capped at some limit (100B coins if I'm not mistaken), but later they wisely removed the cap, and now it has a constant monetary inflation rate in terms of new coins, and, consequently, a constantly diminishing monetary inflation rate in relative terms...
If they don't do something like that with Bitcoin, it will implode sooner or later
Have you ever read Satoshi's white paper? You can find it here: https://bitcoin.org/bitcoin.pdf
He says: Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free
One of the main characteristics of bitcoin, together with being a trust-less system, is that it relies on a pre-determined finite amount of units that will enter the system in a predictable way that cannot be altered by anyone. If you don't like it, and prefer dogecoin or similar ... what exactly is holding you here?
Why canceling the halving, i think it is programmed on that way that when the next 210,000 blocks are reached (on this halving it will happen on the 420,000th block), miners can not decide to approve or vote to cancel or not the halving. Let's see what will happen in less than 2 days.
Technically they can (if the majority wants to). On the other hand, they will never do something that would destroy their business. So, don't worry!
I'm sure that at least the canceling of halving is not going to happen in the next two days, but if they have the power it does not mean that they should cancel this. But if they cancel what will happen next? Will the next halving be 12.5 or less than that!! I understand the miners, they would be happy if this will happen!
Why canceling the halving, i think it is programmed on that way that when the next 210,000 blocks are reached (on this halving it will happen on the 420,000th block), miners can not decide to approve or vote to cancel or not the halving. Let's see what will happen in less than 2 days.
Technically they can (if the majority wants to). On the other hand, they will never do something that would destroy their business. So, don't worry!
I'm sure that at least the canceling of halving is not going to happen in the next two days, but if they have the power it does not mean that they should cancel this. But if they cancel what will happen next? Will the next halving be 12.5 or less than that!! I understand the miners, they would be happy if this will happen!
This is what is called "exploring conditional or imaginary situations". It is not a matter of whether I believe in that or not, absolutely. I'm just saying that a thing like that would be like "a bolt out of the blue (sky)", that is, something completely unexpected. Or, in other words, a total Black Swan event (in Nassim Taleb's terms). If you, nevertheless, still insist on a yes/no answer, then no, I don't believe that it will happen...
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
Not only I would be extremely surprised, but I would immediately dump all my coins before Bitcoin is destroyed.
But, it won't happen, so I will happily keep my bitcoins
Earlier, in the thread, I have given the reasons why I think the cancellation of halving is a must-do thing (that is, the cap on the number of coins mined should be removed). In fact, Dogecoin had also been initially capped at some limit (100B coins if I'm not mistaken), but later they wisely removed the cap, and now it has a constant monetary inflation rate in terms of new coins, and, consequently, a constantly diminishing monetary inflation rate in relative terms...
If they don't do something like that with Bitcoin, it will implode sooner or later
Why canceling the halving, i think it is programmed on that way that when the next 210,000 blocks are reached (on this halving it will happen on the 420,000th block), miners can not decide to approve or vote to cancel or not the halving. Let's see what will happen in less than 2 days.
Technically they can (if the majority wants to). On the other hand, they will never do something that would destroy their business. So, don't worry!
That would be a bolt out of the blue when at the very last moment all major mining pools exert their power and push an update which would cancel halving...
Fasten your belts and get ready for the unforeseen consequences
Fasten your belts and get ready for the unforeseen consequences
So you believe that, after having spent thousands of dollars (or, most likely, yuan) in mining equipment, they would all collude to enforce a change in the code that would result almost immediately in the departure from bitcoin of the majority of the people investing in it, pushing its value to almost zero, and throwing themselves in bankruptcy? C'mon..
This is what is called "exploring conditional or imaginary situations". It is not a matter of whether I believe in that or not, absolutely. I'm just saying that a thing like that would be like "a bolt out of the blue (sky)", that is, something completely unexpected. Or, in other words, a total Black Swan event (in Nassim Taleb's terms). If you, nevertheless, still insist on a yes/no answer, then no, I don't believe that it will happen...
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
Not only I would be extremely surprised, but I would immediately dump all my coins before Bitcoin is destroyed.
But, it won't happen, so I will happily keep my bitcoins
Why canceling the halving, i think it is programmed on that way that when the next 210,000 blocks are reached (on this halving it will happen on the 420,000th block), miners can not decide to approve or vote to cancel or not the halving. Let's see what will happen in less than 2 days.
No way to canceled the block halving
the block halving still 2 day left
http://www.bitcoinblockhalf.com/
the block halving still 2 day left
http://www.bitcoinblockhalf.com/
That would be a bolt out of the blue when at the very last moment all major mining pools exert their power and push an update which would cancel halving...
Fasten your belts and get ready for the unforeseen consequences
Fasten your belts and get ready for the unforeseen consequences
So you believe that, after having spent thousands of dollars (or, most likely, yuan) in mining equipment, they would all collude to enforce a change in the code that would result almost immediately in the departure from bitcoin of the majority of the people investing in it, pushing its value to almost zero, and throwing themselves in bankruptcy? C'mon..
This is what is called "exploring conditional or imaginary situations". It is not a matter of whether I believe in that or not, absolutely. I'm just saying that a thing like that would be like "a bolt out of the blue (sky)", that is, something completely unexpected. Or, in other words, a total Black Swan event (in Nassim Taleb's terms). If you, nevertheless, still insist on a yes/no answer, then no, I don't believe that it will happen (this time, at least)...
But this is not to say that I would be quite surprised if the cancellation (or an attempt thereat) does happen after all
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