How old would you be by 2140? - page 3.

DabsPoorVersion

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Quote from: Cryptomultiplier on March 20, 2024, 05:28:47 PM

* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

I'd be over 150 by that time comes 🤣 I may not even come to the 3-digit age as I will no longer be here. I'm crying, LOL. We will only let the next generation be the one to experience and ride with the wave of Bitcoin until the last halving.

For some other people, halving might not be the reason for them not owning Bitcoin now anytime soon. There are some other reasons, maybe they don't have any idea about it or they find it hard to understand especially for some people who are not into technology. Even if we are in the digital era, there are still some people who prefer to do their investment in tangible things, unlike us who completely understand this technology, its uses, and its capabilities.

Belarge

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Quote from: dothebeats on March 22, 2024, 06:23:43 PM

I'd be close to 170 by then. Hell, I don't think I could live long enough to see 80 not unless if I have tons of money. I started relatively early compared to a lot of people here, and I still continue to put something in bitcoin whenever I have something extra. I would love to teach my niece and nephews about cryptocurrencies as early as now. Hopefully they carry on with doing this and make some fortune of their own. And also, hopefully, the world is still sane enough to not go into huge wars to ensure our tech only moves forward and cryptocurrencies like bitcoin still exist.

We're already growing old and there's absolutely nothing achieved to them, we're just rooming and looking for opportunities that will change my life for good. We have no control upon our longevity on earth, GOD gives and takes and there's probably no easier way than adjusting to the style of life we've found ourselves. This life is misery and we can never be too confident about ourselves because the system comes with different pattern. One will planning to live up to 80years old but what life have for you is entirely different.

dothebeats

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I'd be close to 170 by then. Hell, I don't think I could live long enough to see 80 not unless if I have tons of money. I started relatively early compared to a lot of people here, and I still continue to put something in bitcoin whenever I have something extra. I would love to teach my niece and nephews about cryptocurrencies as early as now. Hopefully they carry on with doing this and make some fortune of their own. And also, hopefully, the world is still sane enough to not go into huge wars to ensure our tech only moves forward and cryptocurrencies like bitcoin still exist.

umbara ardian

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The year 2140 is a long way off. Predicting the viability of any technology, including Bitcoin, over such a vast timeframe is difficult. The cost barrier to entry for Bitcoin is a valid concern. Imagine someone with limited resources being unable to afford even a fraction of a Bitcoin. This creates an element of inequality within the cryptocurrency space.

The distinction you draw between disbelief and affordability is insightful. Some may be genuinely skeptical about Bitcoin's long-term value, while others might simply lack the financial means to invest. Both perspectives deserve to be acknowledged. Your encouragement to work hard for future Bitcoin investment is commendable, but it's important to emphasize responsible financial planning. Diversification and considering risk tolerance are crucial before allocating resources to any volatile asset.

johnsaributua

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2140 is very far friends, even the average human age is below 90 years per person, maybe we predict the lives of our grandchildren someday Grin

. Indeed, this is like a prediction that will happen, but look at the new bitcoin, if the assumption is 2008 to date, it means that bitcoin is only 16 years old. How many times the ratio of possibilities that will occur. Maybe later there will be additional investments that allow earlier and many enthusiasts, I believe that bitcoin is a timeless legend. or maybe bitcoin will return to its roots because the liquidity (fiat) in the community movement decreases and even runs out and allows the second life in the bitcoin era to reappear again and again.
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By that time I will probably be 145 years old, may I live a long and healthy life Grin

If saving bitcoin, it depends on the character of the person and his confidence. I save bitcoin because of my awareness and gratitude even though it is a small portion of my expenditure share.

Magic-Money

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That's show that everyone has to seat up in Bitcoin business, because is a life time business even our children we also benefits and witness every four years Bitcoin halving counting sessions to a new ATH. Therefore the best investment to our Little children is to buy Bitcoin and hold for them as well. Because Bitcoin halving we continue until I exit bas on my current age that should be 148yrs.

famososMuertos

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LE ☮︎ Halving es la purga

There is so much documentation and discussion on that topic, hence, I think we have to move away from the eternal justification for others, that is, those justifications are there, well documented.
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Now, it is about living in the present, the medium and long term in the corresponding frequency of life, and based on that your decisions with reference to bitcoin.

Cryptomultiplier

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Quote from: Darker45 on March 21, 2024, 07:12:23 PM

Quote from: Iranus on March 21, 2024, 05:06:01 AM

Quote from: Darker45 on March 20, 2024, 07:55:29 PM

Quote from: Cryptomultiplier on March 20, 2024, 05:28:47 PM

BTC will be fully in existence and all mining activities will have to cease at the time.

I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.

But I don't understand this, can you explain more clearly? When all 21 million bitcoins have been mined, what does it mean to maintain mining machines? And who will operate those miners if they are no longer profitable for miners? I believe that if the price of bitcoin does not continue to increase and is no longer profitable for miners, then miners will soon give up mining and we do not need to wait until all the bitcoins are mined.

Also, we have no certainty that bitcoin will exist until then, discussion of what will happen in the next 100 years is quite vague.

It's a bit of a surprise that somebody who is a hero member and has been on the forum for more than 8 years thinks that mining stops as soon as all coins are mined.

Anyway, the role of miners is not merely to mine or extract coins as if they're miners of gold or whatever precious stone and metal, such that when the supply is depleted there's nothing else to mine and the operations stop. The role of miners in the Bitcoin system is to process transactions and add them to the blockchain. So, they continue to have an essential role even after the last Satoshi is mined. Transactions won't be confirmed without them.

If it isn't anymore profitable to mine, then many will stop. As a result, the difficulty in mining will fall. It may reach to a point when even a personal computer at home could be able to perform it. In which case, profit would be realized once again.

Whether we want to or not, we cannot wait until all coins are mined. We'd all be dead by then.

Of course the role of miners may have to only become restricted to fewer tasks of which involves adding blocks of transactions to the Blockchain. The fees they earn by then may have to be lower than it is now and am sure only fewer miners will stick to just that task and this may lead some into other areas.

Who's to say whether the roles of miners will be lesser, if not more?
We know that innovations can be developed to involve the help of miners and developers and just like the idea of cryptocurrencies, such innovations can help reshape the human race of technology and the fact that Blockchain technology doesn't only serve the cryptocurrency or mining industry makes whatever happens before 2140 very unpredictable for me except for Bitcoin idea of halving already in motion and would be complete by 2140.

AI, web3, Hedera Hashgraph, virtual reality is already being integrated into several sectors and soon don't we think AI will take over the jobs of miners before 2140, even if we don't get to be alive by then?

Essential10

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To get closer to 2140 we have to wait another 116 years. Since we cannot predict the future with certainty, it is impossible to say exactly how many years the Creator will keep us alive. My life could stop in a minute so I'm not worried about where the next 2140 bitcoins are or won't be. I can plan on Bitcoin for the next 20 years or so. Leaving a legacy of Bitcoin assets to our children and grandchildren as just our Bitcoin legacy can be a really valuable legacy, as Bitcoin will increase in value over time. Keep them informed about the developments in the world of cryptocurrencies and prepare future generations.

Fiatless

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Quote from: Cryptomultiplier on March 20, 2024, 05:28:47 PM

* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

- I may be dead before 2040 and maybe the younger generation of my lineage will be in custody of my Bitcoin. I don't think anybody in this forum will be alive except such a person is fortunate.

- One excuse that discouraged me from investing in Bitcoin was that I thought it was a scam. Some years ago many so-called crypto experts flooded my country and were organizing seminars where they claimed to teach people how to make money from cryptocurrencies. Many people ended up losing their money because most of them were scams. I was not scammed but many people that I know suffered financial losses from these platforms. They usually sell some worthless shitcoins to unsuspected participants or investors. This made me think that Bitcoin was also a scam.

Now, ignorance is no longer an excuse but the economy is now my biggest impediment. Due to high inflation and the increase in the cost of goods and services, it is now very difficult to save money that will be used to invest in Bitcoin.

Asuspawer09

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Probably I was going to be around 140 years old around that time, so for sure it wasn't possible for me to reach that age since at this generation the highest age probably is going to be around 70 years old, I mean reaching that age was already going to be difficult for some people for sure, so not all of us is going to witness what is going to happen after all Bitcoin is all mined.

There are a lot of excuses for sure especially for some people, You dont know Bitcoin if you dont know Bitcoin you're not going to invest or put some money in it because you just don't have enough knowledge about it, you dont know what going to happen to your money, it is going to generate profit something like that. Bad image of Bitcoin, as we all know Bitcoin has a bad image in a lot of people because most of the news that relates to Bitcoin is connected to some illegal activities or most of the time scams, so a lot of people know Bitcoin as something related to a scam that's why they avoid it most of the time. There are a lot of excuse for it, but if you already know Bitcoin and have knowledge about it, I think there was no actual reason not to invest of it as we realize its potential I think it is always going to be worth it investment on it.

Darker45

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Quote from: Iranus on March 21, 2024, 08:24:05 PM

Quote from: Darker45 on March 21, 2024, 07:12:23 PM

Quote from: Iranus on March 21, 2024, 05:06:01 AM

Quote from: Darker45 on March 20, 2024, 07:55:29 PM

Quote from: Cryptomultiplier on March 20, 2024, 05:28:47 PM

BTC will be fully in existence and all mining activities will have to cease at the time.

I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.

~snip~

It's a bit of a surprise that somebody who is a hero member and has been on the forum for more than 8 years thinks that mining stops as soon as all coins are mined.

Anyway, the role of miners is not merely to mine or extract coins as if they're miners of gold or whatever precious stone and metal, such that when the supply is depleted there's nothing else to mine and the operations stop. The role of miners in the Bitcoin system is to process transactions and add them to the blockchain. So, they continue to have an essential role even after the last Satoshi is mined. Transactions won't be confirmed without them.

If it isn't anymore profitable to mine, then many will stop. As a result, the difficulty in mining will fall. It may reach to a point when even a personal computer at home could be able to perform it. In which case, profit would be realized once again.

Whether we want to or not, we cannot wait until all coins are mined. We'd all be dead by then.

I know the role of miners is not only to mine bitcoins but they also play the role of processing transactions on the bitcoin blockchain. But as I emphasized, people continue to mine bitcoin because they still enjoy large profits from mining. But once all the bitcoins are mined, profits will certainly decrease significantly, and maintaining mining machines just to process transactions will not be feasible. Because the cost of mining machines is very expensive, not to mention other additional costs, but if it is as you say then we can use personal computers to process transactions at that time. Then everything is simpler and easier.

Things happen gradually. It isn't like something is suddenly switched off once all coins are mined. Rewards are growing smaller and smaller until such time that there's none left. So there's a lot of time for adjustment and assessment and changes. Halvings happen every 4 years.

Supposedly, the price of Bitcoin will make up for the decreasing reward. So even if the reward would only be less than 0.1BTC a couple of decades from now, for example, it shouldn't be much of a problem because the price must have also risen a lot by then. The same is true when after the 1 Satoshi reward in 2136 until 2140, there'd be nothing else but transaction fees. The assumption is that the fees will be sufficient because of the level of adoption and the price of Bitcoin.

Whether all this will prove to be right or not in the end, we will never know. But we might face a somehow similar challenge within our lifetime. By 2052, the reward is already as low as 0.0244BTC. If the price of Bitcoin hasn't multiplied several fold by that time, it's going to be difficult for mining operators and many of them might shut down.

Marvell1

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Quote from: Raflesia on March 21, 2024, 02:46:06 PM

All of us who are on the forum right now will probably not be here in that year because looking at the age gap right now which is likely to be teenagers (who are at university because some people have said they are at university) and even older, im pretty sure that in 2140 we will not be here.

It will take more than a century to reach that year and the average human lifespan won't go much further than that so there's no need to make wishful thinking and just focus on the conditions we are currently living in because I think that's the best.
But on the other hand im quite grateful that in the conditions I live in now I can still be in bitcoin and know bitcoin exists even though it won't be able to be there until the end but i think its worth it because it's still in bitcoin in the early phases when compared to the next 1 century.

This is what I also want to say, we should focus on the present and the near future, it is meaningless to raise hypotheses or questions that are 100 years away from us.

I just know that bitcoin is getting more and more valuable and it's getting harder and harder to own it. So I'm looking to collect as much as I can before it becomes too expensive an asset to own. I believe that if someone has more bitcoins in the coming years, they will definitely have a dream life and that is also my goal.

Iranus

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Quote from: Darker45 on March 21, 2024, 07:12:23 PM

Quote from: Iranus on March 21, 2024, 05:06:01 AM

Quote from: Darker45 on March 20, 2024, 07:55:29 PM

Quote from: Cryptomultiplier on March 20, 2024, 05:28:47 PM

BTC will be fully in existence and all mining activities will have to cease at the time.

I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.

But I don't understand this, can you explain more clearly? When all 21 million bitcoins have been mined, what does it mean to maintain mining machines? And who will operate those miners if they are no longer profitable for miners? I believe that if the price of bitcoin does not continue to increase and is no longer profitable for miners, then miners will soon give up mining and we do not need to wait until all the bitcoins are mined.

Also, we have no certainty that bitcoin will exist until then, discussion of what will happen in the next 100 years is quite vague.

It's a bit of a surprise that somebody who is a hero member and has been on the forum for more than 8 years thinks that mining stops as soon as all coins are mined.

Anyway, the role of miners is not merely to mine or extract coins as if they're miners of gold or whatever precious stone and metal, such that when the supply is depleted there's nothing else to mine and the operations stop. The role of miners in the Bitcoin system is to process transactions and add them to the blockchain. So, they continue to have an essential role even after the last Satoshi is mined. Transactions won't be confirmed without them.

If it isn't anymore profitable to mine, then many will stop. As a result, the difficulty in mining will fall. It may reach to a point when even a personal computer at home could be able to perform it. In which case, profit would be realized once again.

Whether we want to or not, we cannot wait until all coins are mined. We'd all be dead by then.

I know the role of miners is not only to mine bitcoins but they also play the role of processing transactions on the bitcoin blockchain. But as I emphasized, people continue to mine bitcoin because they still enjoy large profits from mining. But once all the bitcoins are mined, profits will certainly decrease significantly, and maintaining mining machines just to process transactions will not be feasible. Because the cost of mining machines is very expensive, not to mention other additional costs, but if it is as you say then we can use personal computers to process transactions at that time. Then everything is simpler and easier.

Darker45

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Quote from: Iranus on March 21, 2024, 05:06:01 AM

Quote from: Darker45 on March 20, 2024, 07:55:29 PM

Quote from: Cryptomultiplier on March 20, 2024, 05:28:47 PM

BTC will be fully in existence and all mining activities will have to cease at the time.

I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.

But I don't understand this, can you explain more clearly? When all 21 million bitcoins have been mined, what does it mean to maintain mining machines? And who will operate those miners if they are no longer profitable for miners? I believe that if the price of bitcoin does not continue to increase and is no longer profitable for miners, then miners will soon give up mining and we do not need to wait until all the bitcoins are mined.

Also, we have no certainty that bitcoin will exist until then, discussion of what will happen in the next 100 years is quite vague.

It's a bit of a surprise that somebody who is a hero member and has been on the forum for more than 8 years thinks that mining stops as soon as all coins are mined.

Anyway, the role of miners is not merely to mine or extract coins as if they're miners of gold or whatever precious stone and metal, such that when the supply is depleted there's nothing else to mine and the operations stop. The role of miners in the Bitcoin system is to process transactions and add them to the blockchain. So, they continue to have an essential role even after the last Satoshi is mined. Transactions won't be confirmed without them.

If it isn't anymore profitable to mine, then many will stop. As a result, the difficulty in mining will fall. It may reach to a point when even a personal computer at home could be able to perform it. In which case, profit would be realized once again.

Whether we want to or not, we cannot wait until all coins are mined. We'd all be dead by then.

oktana

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Quote from: pinggoki on March 20, 2024, 08:51:53 PM

Quote from: oktana on March 20, 2024, 06:00:01 PM

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.

As much as I agree with your sentiment, I can't help but be an optimist that it's never going to happen and the world ending weapons that superpower nations have are going to create a stalemate that would make it so that we live in an artificial kind of peace. I think that humanity would be able to survive until that time and even though the current politics is so heated, it's probably in our best interest to know that they're all empty threats and the media just wants us to get scared so we can't have meaningful thinking, all paranoia no dialogues. Regards to how old I'm going to be, I'd rather not answer that because it seems to me like it's on the side of personal information and I don't think I'll ever be revealing any of that but I'm definitely a dead man by that time and the only way that I can witness that is if along the way, we got rid of death or old age. I'm curious as to what's going to happen to this forum after those years, that's going to be something worth looking out for if you ask me, rather than the age of the people in the bitcoin space, it's the second most that I'm curious about.

To you @oktana, stop the doomscrolling on your social media, get out of the house, ask your friends or loved ones to go out with you, it's better if you enjoy each day and not be worried too much about what you can't control over the other countries, sometimes ignorance is a bliss.

No. This isn't about doomscrolling the media. I personally don't like consuming so much Media, and it doesn't matter if I did because what I said what realistic. Look at the wars going on. What happened to Ukraine was done by fellow humans. The one going on with Israel is even more evidence. We humans can even put an end to humanity before that time, or even if not at that time, eventually. But maybe I agree with you in this context that ignorance is bliss because not knowing all of this would let one ease out of it. However, it's just the fact about what's going on.

GbitG

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Quote from: Cryptomultiplier on March 20, 2024, 05:28:47 PM

* how old would you be by 2140?

And as for 2140, I don't think I will be alive until that time and witness the total supply mined. Because it is a long time and many Bitcoin enthusiasts and users will not survive.

Quote from: Darker45 on March 20, 2024, 07:55:29 PM

Quote from: Cryptomultiplier on March 20, 2024, 05:28:47 PM

BTC will be fully in existence and all mining activities will have to cease at the time.

I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.

Yeah, obviously it's simple if all the Bitcoin has been minted—I mean, 21 million. Even if the entire supply of Bitcoin i.e. 21 million miners is mined, Bitcoin mining will not stop. Because blocks will be mined and will end but transactions will not end and the miner will get a reward for validating this transaction. And so it will continue. Means the miner will not stop.

ndutndut

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Actually, you need to know it first and you need to note it down. Even if the entire supply of bitcoin has been met, mining will still exist, as long as there are transactions then mining will continue to exist.

Quote from: Cryptomultiplier on March 20, 2024, 05:28:47 PM

* how old would you be by 2140?

This is a very long time ago, who knows what will happen in 2140, it could be that in that year the world will end. But even if I had to live until 2140, that would mean I would be 156 years old.

Quote

* What's your excuse for not investing in owning Bitcoin now?

There is no reason, because bitcoin is a scarce asset in the future. In fact, I think that if you don't invest from now on, you will regret it later.

Nwada001

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Quote from: btc78 on March 21, 2024, 12:55:37 AM

A lot of us would be dead by 2140 so I wouldn’t even bother saying what is my current age. Instead let’s talk about the oldest living person right now which is Branyas Morera and she’s 116 years old Grin

. Let us say you somehow end up being one of a kind person and you live a lot longer than most people… how will you approach bitcoin by then? I know for a fact that bitcoin is here to stay but will it stay as the number one cryptocurrency for the next century? I don’t think so but if ever it is and you already bought your coins now and hold them until 2140… I am sure your kids and their kids even will be comfortable already no matter what Grin

@Jet Cash said he will be in his middle age by then. No doubt most people might not be able to stay up to that age compared to how old they are right now, but I know of someone who is just 14 and is active on this forum, which, if you add his current age to this, will be around 130 years old, which is still not too much for someone to stay alive.

their age people who take their health very seriously, and there is nothing wrong if someone spends up to 200 years on earth. What happens in the time of old when this was really nothing big to see people age that far?

The. The only thing there is that the person might have more things to worry about than think about bitcoin progress; all his holdings might have either been spent or probably willed to their family and loved ones, who will then take control over what will happen to it afterward.

DubemIfedigbo001

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Let love lead

Quote from: Orpichukwu on March 20, 2024, 05:47:47 PM

It has already been proven and a known fact that none of us who are active on this forum today will be alive to witness the last bitcoin halving, so it's not something new again.

Speak for yourself man, I pray for long life everyday and maybe, I'll be alive to witness it. It'll really be wonderful to witness the full supply of BTC and the new reward pattern for miners. It'll be a blessing to still exist by then.

Quote

And to answer the next question: Bitcoin halving is not part of the reason most people invest in bitcoin; it's just that the halving reduces the reward the miners receive, which means the supply that is to go into the market will reduce, which will spike the price upward.

Halving is the main activity that spikes up the price of bitcoin by reducing supply hence creating an imbalance in the demand supply curve. Without the halving, bitcoin price may never go up by good margins.

I think halving is the main guy there that gives bitcoin value, so its one of, if not the main thing that encourages bitcoin investment especially those that HODL.

Topic: How old would you be by 2140? - page 3. (Read 1037 times)