We don't know yet.
I am not really sure if it is designed to last forever.
It is all depends in the users performances and how they will react in Bitcoin and how long they will support it.
Topic: Is Bitcoin designed to last forever? - page 9. (Read 9882 times)
It might have been, but we will never know if it will really last forever or not. Anything can happen sooner or later which could bring it down to 0, so we have to be wise.
At first the bitcoin is an algorithm and I think the characteristic are the open source and is not the last forever because a various developer is can for developing the bitcoin into a new technology and I think bitcoin are not last forever basically the algorithm are open source.
It might have been, but we will never know if it will really last forever or not. Anything can happen sooner or later which could bring it down to 0, so we have to be wise.
it's designed to last forever for the current system, just hundreds of years or so with the halving taking place every while then it's eventually going to be few satoshi's per block and these satoshi's would have a significant total all value at that time.
well maybe not forever but for a really long time bitcoins are going to be impossible to actually hackThat being said, Quantum computing is quite expensive to use and Bitcoin would not be the first target of them.
If there is a possibility of quantum computing attack, can we change the protocols early to avoid the attack?
Technology will increase on both sides, it's like a chess game, one play after the other but I think bitcoin don't will be the primary crypto currency in the future, there's a lot of things to happen...
I've been thinking about it since last night and I couldn't find an answer to myself.
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
I do think that Bitcoin is designed to last for ever that is why they made use of the fact that it is a online currency and in the future most things will become digital and online. I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
It is not sure if it is going to last forever but I am sure that that is there plan.
Bitcoin is being created with purpose thats why its developer and the founder itself have launch this project and we already exprience and witness the uses and opportunities on using it. It may not last forever but i could somehow assume that it would last long even more.
I've been thinking about it since last night and I couldn't find an answer to myself.
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
I do think that Bitcoin is designed to last for ever that is why they made use of the fact that it is a online currency and in the future most things will become digital and online. I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
It is not sure if it is going to last forever but I am sure that that is there plan.
Yes bitcoin would last as long as we want and it's secure from hacker. Once hacker find its vulnerability then they would destroy it. Also 21 million limit would have no effect because by timed we will start using bitcoin Satoshi unit and at that time 1Satoshi would worth $100 at a time
Actually i think bitcoin is secure from hackers and bitcoin have successfully came over several hack attempts on its network in past. By now network is strong enough to remain functioning in any types of known attack methods and bitcoin codebase is tested over several years and also being tested right now to make it secure and to withstand old/new types of attacks. I've been thinking about it since last night and I couldn't find an answer to myself.
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
You know what dude, I don't think there is last forever in bitcoin. Though I'm a bitcoin enthusiast, Only I know in bitcoin it will become a big help to anyone if they adopt the system of bitcoin. and lastly, miners always be in the stage of risk every time they invest in mining then in the last they wouldn't have any rewards from the mining sites they invested.
The bitcoin will not stand still. It is in active development phase since the inception. I think its momentum will be maintained.
I've been thinking about it since last night and I couldn't find an answer to myself.
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
You know what dude, I don't think there is last forever in bitcoin. Though I'm a bitcoin enthusiast, Only I know in bitcoin it will become a big help to anyone if they adopt the system of bitcoin. and lastly, miners always be in the stage of risk every time they invest in mining then in the last they wouldn't have any rewards from the mining sites they invested.
bitcoin currently has limited production system. mining system that can be discharged at a certain rate.
I think bitcoin will continue to survive and someday bitcoin will continue to increase prices were high.
I think bitcoin will continue to survive and someday bitcoin will continue to increase prices were high.
I do believe that is going to happen because the supply of bitcoin is limited and that is really destined for bitcoin to last forever because of its limited supply.
As long as there are transactions, trades and people who buys and sells bitcoin then it is going to keep on remaining and being used.
That's why I believe that it is going to remain forever.
I've been thinking about it since last night and I couldn't find an answer to myself.
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
You know what dude, I don't think there is last forever in bitcoin. Though I'm a bitcoin enthusiast, Only I know in bitcoin it will become a big help to anyone if they adopt the system of bitcoin. and lastly, miners always be in the stage of risk every time they invest in mining then in the last they wouldn't have any rewards from the mining sites they invested.
I've been thinking about it since last night and I couldn't find an answer to myself.
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
When 21 Million bitcoins are mined we will not be here probably but the profit of miners will be also from another source.
Since the block reward will be decreased through the time the transaction fees will be increased(if the value of bitcoin will not change).
Nothings lasts forever but the core dev will continue to support the bitcoin and make it better and better.
bitcoin currently has limited production system. mining system that can be discharged at a certain rate.
I think bitcoin will continue to survive and someday bitcoin will continue to increase prices were high.
I think bitcoin will continue to survive and someday bitcoin will continue to increase prices were high.
Yes bitcoin would last as long as we want and it's secure from hacker. Once hacker find its vulnerability then they would destroy it. Also 21 million limit would have no effect because by timed we will start using bitcoin Satoshi unit and at that time 1Satoshi would worth $100 at a time
bitcoin network will last as long as user use it and till the day of finding its security loop hole. once hacker find its weakness then they will destroy it. but if this doesn't happen then buy-in will lay as long as we want even there is 21 million limit but that would be enough because 1 Satoshi rate would be around $10 to $1000 at a time
I don't have a clue if it is forever or not, nothing lasts forever. Lol. On a serious note, I hope that it will stay long because it can be very useful in the next generations.
it's designed to last forever for the current system, just hundreds of years or so with the halving taking place every while then it's eventually going to be few satoshi's per block and these satoshi's would have a significant total all value at that time.
well maybe not forever but for a really long time bitcoins are going to be impossible to actually hackThat being said, Quantum computing is quite expensive to use and Bitcoin would not be the first target of them.
If there is a possibility of quantum computing attack, can we change the protocols early to avoid the attack?
it's designed to last forever for the current system, just hundreds of years or so with the halving taking place every while then it's eventually going to be few satoshi's per block and these satoshi's would have a significant total all value at that time.
well maybe not forever but for a really long time bitcoins are going to be impossible to actually hackThat being said, Quantum computing is quite expensive to use and Bitcoin would not be the first target of them.
it's designed to last forever for the current system, just hundreds of years or so with the halving taking place every while then it's eventually going to be few satoshi's per block and these satoshi's would have a significant total all value at that time.
well maybe not forever but for a really long time bitcoins are going to be impossible to actually hackit's designed to last forever for the current system, just hundreds of years or so with the halving taking place every while then it's eventually going to be few satoshi's per block and these satoshi's would have a significant total all value at that time.
well maybe not forever but for a really long time bitcoins are going to be impossible to actually hack Jump to: