Topic: Does Bitcoin have life span? - page 5. (Read 650 times)

 how do you think it will be actualize,  more explanation supposed to be attached to it.

That means this explanation is briefing us that Bitcoin life span depends on  mining strength of miners, and also the buyers they are one that tells when Bitcoin will be out of the market or bitcoin will continue. When investors continue to buy from the miners that means the span of Bitcoin will be prolong.

When we do talk about life span then the main keyword on here would be "DEMAND" not just on bitcoin but also in other coins or projects that we do have in the market because this would be the life of a certain coin

and if there's no demand then value would be zero at all which is understandable.Speaking the technical aspects then it cant be doubted that Bitcoins tech is a bit outdated i would say but it does really do the job and the security and popularity cant lie on how great it is.This is why we've seen that it is really that mainly sitting on the top.

There's no way for a coin to last up forever which is an absolute rule but as long the demand and recognition is there then it might last up a lifetime.No one knows on whats the future.

^Then I conclude you did not understand yet well the concept behind BTC technology.
BTC is a code on the computer that a holder has control over it, no one can destroy, control, or even make BTC vanish. It is on the people if they will stop accepting BTC. The fixed total supply of BTC will make the price goes up and down, no one can break the code and even change the protocol of BTC, that is why there are many forks of BTC that are created but they are not the same as BTC.

We can be confident as of this time that bitcoin is nowhere to go but here to stay. But just as other technologies, they're nonstoply upgrading and we'll see some other emerging technologies that might introduce another the same thing as bitcoin.
But as we know, we don't want to get into it too quick even if it's going to be backed up by a company which is most likely that will be the next thing that will be introduced in the market.
With bitcoin, we've got confidence and this is decentralized for which no company can ever introduce.

We will know once we already reached its total supply, probably the market will react on this.
There’s still no assurance for the life span of Bitcoin as it is still young and still not recognized into many countries. Don’t over think, just focus on the current trend and continue making money beside there’s still a lot of time to reach the limit and that can be enough for you to make profit. There’s a lot of uncertainty in this market, just enjoy every possible way and make no pressure to yourself.

Bitcoin is a technology and technology often has updates and upgrades this makes Bitcoin's lifespan virtually infinite as a technology because due to upgrades and updates, it will never be obsolete unless the developer gone tired and abandon the project.  The technology of Bitcoin will continue to be developed according to the needs.

In terms of economy, as long as there is demand for Bitcoin, it will never die and I am not seeing Bitcoin dead even after all its coins are mined out. 

Bitcoin is here to stay, maybe you can take a look from where it all started and where it is now. You can envisage from now to 20 years coming what will be the price of Bitcoin and the height it would have reached by then .
You don't need to keep pondering on what could be the long time effect of outcome of Bitcoin anymore. Bitcoin has brought another era to us where we would be able to make business transactions without the help of banks coming in as a third party to execute our business.
The crypto market fast growing and we should always look into the future with optimism rather fro the contrar.

It is difficult to predict the future of technology, including the future of Bitcoin. While some experts believe that the growth and development of Bitcoin technology will continue in the future, others believe that its growth may be limited or even disappear. It depends on various factors, such as the acceptance of the technology by the public, government regulations, and the stability of the market. To determine the future of Bitcoin, it is important to keep an eye on the developments in the technology, its user adoption rate, and any changes in regulations that may impact its use and growth.

unless there is a massive bug/break that cant be fixed (early death) bitcoin has a life expectancy of atleast 120 years (lifecycles of the halvenings can keep producing block rewards for the next 120 years)

no one can predict the price of such during that time. but it has the tech to keep making blocks for rewards for 120 years before its then 100% dependant on tx fee to cover mining cost (needs utility to create desire to make tx to spend and cause a fee to apy for the blocks)

..
but as said. there could be an unavoidable break in bitcoin.

lets take tulips
unless there is a disease new tulips are made each year. no one can tell the price ofer the centuries but tulips carry on. unless there is a floral disease that kills off all tulips
even today 300 years after the "tulip mania" you can still go to a garden store and buy tulips
tulip mania did not kill tulips. it just caused mass panic of price and then the price dropped

i dont see it as a "if it can last 120 years lets not worry about early deaths"..
we should always stay vigilant and scrutinise review the code thats added to ensure things are not just allowed in that can negatively affect bitcoin early
i also dont see it as "something bad happened, lets call it time of death" either
its instead our duties to look after our wealth and the network and ensure that nothing goes wrong. by critiquing the devs to ensure they dont mess things up for the rest of us. in short. not be complacent

Deer Crypto New Learner , Bitcoin is a crypto develop for life time  using as means of financial freedom and it have limited supply which boost its value in future, As we hears that many countries accepting Bitcoin because of it importance and value in coming future ,
And when its mining is stops means its supply is fully distributed among crypto users then its market supply lows and demand is increasing day by day so as a result its value is goes very highs .
I thinks its may satisfy you and giving you a good information ,
if have any other question dm me .

Right now all coins are supposed to exist as long as Bitcoin network exists. But who knows if that will be the case in the future. Bitcoin is software, there's nothing truly permanent about it, because software can change. In Bitcoin changes that are incompatible with existing rules would cause a network split between old and new versions, but if majority of users supports some change, the smaller chain might eventually die.

I can imagine that in some distant future bitcoiners will decide to destroy coins that are inactive for too long to make Bitcoin even more deflationary. But the probability of this is very-very low.

If miners reduce the difficulty reduces I think you mean until no one sends any transactions because if they want to send a transaction and the difficulty is low they can process the transaction by mining the block with their computer because the difficulty would be low enough. Miners have nothing to do with the life span of btc instead it is people using it as a currency. ASICS would not exist if the difficulty was low enough we only have them now because we have a lot of people mining and the competition is high.

Bitcoin has its lifespan until its network stops working if no miner runs their mining equipments (ASICs or other modern equipments in future) to mine Bitcoin. If the network will keep running, Bitcoin will not die and its lifespan will continue until death day.

Optimistically, after 14 years I see chance to see Bitcoin dies is extremely low.

You can discuss about Bitcoin lifespan with UTXOs. Each UTXO has its own lifespan until it is spent all by the owner. Let's look HODL waves with UTXOs.

https://www.lookintobitcoin.com/charts/hodl-waves/

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Satoshi's vision

Nobody will be able to give you a correct answer on your question, because all they can do ..are simply to speculate. We know Bitcoin will survive if it has some kind of use case... and currently it has several uses, for example :

1. Cheaper remittance between countries.
2. Cheaper transactions compared to traditional Fiat systems. (Bitcoin Lightning Network)
3. Pseudo anonymous money
4. Trading as an commodity. (like forex trading)
5. Sore of value and a possible counter against hyper inflation in many countries.
6. Unrestricted transfer of wealth.

These are just some of the use cases for Bitcoin, but there are loads more... so while this is the case, it will exist and it will be used. 

Bitcoin I know is a new digital technology and has not stayed too much but it has gained this traction and control of the digital market. Bitcoin is now the digital gold but it now  equates store of value and so fast r, it has been doing very much alright. Based on technological innovation, I think there have never been any technology that can beat bitcoin in terms of digital finance. So far, to the best of my knowledge, bitcoin has surpassed the world largest market capitalization. Which means that bitcoin has created a strong digital market base so it would continue to exist as it takes the lead in the digital market and finance.

It has enough of a life span for you and your children's children to use it that should be enough because fiat does not have a infinite life span and will collapse. The only way btc will reach end of life is if people stop using it or if all btc is lost by forgetting private keys or sending to burner addresses. That would take 100 of years and there could be changes to the btc code to help with that if it becomes a problem. I say digital currencies have a longer life span then physical because you do not lose digital currencies in the same way that fiat currencies can be lost. I have lost many euros in my life time. What you are asking is hard to answer because no one knows what will be in the future but we can say that btc is designed to last many generations and future generations could come up with a solution if btc popularity or usage is decreasing.

Gold might not be used as a currency forever it depends on what other precious metals we find. We find find new resources in space and gold becomes less popular as a way of storing wealth. We do not know what the future has planned we only know that btc will be around for a very long time. It is only gaining in popularity since it has been created.

This means you're not yet acquainted to what bitcoin really is, the value you create with fiat is the same found with bitcoin and it acceptability, when we called it a currency and a decentralized one indeed, then it's a general medium of exchange anyone can adopt it's acceptance, though bitcoin is not acceptable in some countries but that doesn't deny the massive adoption it has and the trust people created in using it because it has great economical potentials and values than fiat, and when we talk about currency, only accept this that bitcoin is the only recognized cryptocurrency and will always be, you earn it, spend it, hold it and exchange it, bitcoin has cone to stay.


Gold is not a digital currency, it's an asset of investment that has been in use over a long time, bitcoin is both an asset and a currency, no other digital currency has been in use before bitcoin except for sone assets like gold and others.


Bitcoin has not taken ground from others, it has always been the first digital currency and asset, others comes in after it which makes them a pirate copy of the first decentralized digital currency, also as a matter of fact, other digital currencies are centralized but bitcoin remains decentralized.


Yes, base on what we have today and the future it has.

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.