https://bitcointalksearch.org/topic/the-fee-income-is-the-future-for-bitcoin-1201304
Topic: Only 6 million bitcoin be left to mine - page 2. (Read 2616 times)
If bitcoin reach mass adoption, miners can always charge fee to get more coins, maybe more than 10 million bitcoins
https://bitcointalksearch.org/topic/the-fee-income-is-the-future-for-bitcoin-1201304
https://bitcointalksearch.org/topic/the-fee-income-is-the-future-for-bitcoin-1201304
I think the supply thing often slips a lot of minds. There are insane number of new coins arriving every day. Once supply becomes a nominal figure we'll see what true deflationary effects look like.
Yes, many new coins are introduced every day into Bitcoin network and it's quite impressive that we are holding our price in balance when you look at it more closely. New money must absorb these newly mined coins daily.
This is very true and a great point. If this weren't happening the price would have been dropped significantly and this tells that the future of Bitcoin is bright, that people still have faith in it and the price might increase at the next halving? because the flow of coins to bitcoin network will get slow and if the money coming in remains/increase, the price will go up because more demand, less supply equals to price increase ? cmiiw.
It's not what it looks like. Mining pools don't dump their coins every day on exchanges. If that would happen, we couldn't maintain even the $150 price level. There is very little money flowing into Bitcoin at the moment, with that I mean the coin and not the millions that are being invested in Bitcoin related startups.
I think I'm going to have to think about these things for a long (too long, huh) while.
I always curse when I see a 'dump' on bitcoinwisdom. (the tall red candally thing down low that says you're a loser). I always blame it on one person because it's easier than understanding. 1200 coins, you piece and you dropped the price. Fortunately price generally comes back to where it was intending to go anyway. Funny part is that I'm likely a million times off in my estimation of what's moving things.
I think the supply thing often slips a lot of minds. There are insane number of new coins arriving every day. Once supply becomes a nominal figure we'll see what true deflationary effects look like.
Yes, many new coins are introduced every day into Bitcoin network and it's quite impressive that we are holding our price in balance when you look at it more closely. New money must absorb these newly mined coins daily.
This is very true and a great point. If this weren't happening the price would have been dropped significantly and this tells that the future of Bitcoin is bright, that people still have faith in it and the price might increase at the next halving? because the flow of coins to bitcoin network will get slow and if the money coming in remains/increase, the price will go up because more demand, less supply equals to price increase ? cmiiw.
It's not what it looks like. Mining pools don't dump their coins every day on exchanges. If that would happen, we couldn't maintain even the $150 price level. There is very little money flowing into Bitcoin at the moment, with that I mean the coin and not the millions that are being invested in Bitcoin related startups.
after halving only 1800 btc per day will be mined,cost of electricity will rise.On other hand btc is still very much unsecure.It is very easy to scam network
I think the supply thing often slips a lot of minds. There are insane number of new coins arriving every day. Once supply becomes a nominal figure we'll see what true deflationary effects look like.
Yes, many new coins are introduced every day into Bitcoin network and it's quite impressive that we are holding our price in balance when you look at it more closely. New money must absorb these newly mined coins daily.
This is very true and a great point. If this weren't happening the price would have been dropped significantly and this tells that the future of Bitcoin is bright, that people still have faith in it and the price might increase at the next halving? because the flow of coins to bitcoin network will get slow and if the money coming in remains/increase, the price will go up because more demand, less supply equals to price increase ? cmiiw.
The last 7% of bitcoin will be mined over a timespan of 100 years, i.e. by 2040 93% bitcoins will be mined.
Nope, 5 years min before we are above $500
That's what people were saying when Bitcoin was at $100: "five years minimum until we're at $1000" 
That I am trying to say here is that with volatility of bitcoin there is no way to predict its price. Bitcoin price is capricious and susceptible to bad news.
Well we can all try to say bitcoin will be at x value but well ,we dont control the outside even inside information of bitcoin development,on the next years sure new features will be coming into bitcoin,if it will one day return to 500 and 1000 dollars,as soon mines ends the demand and supply should start if not well there will be a restrited ammount of bitcoins being trade.
Nope, 5 years min before we are above $500
That's what people were saying when Bitcoin was at $100: "five years minimum until we're at $1000" I wonder if the mining will be sped up in the future due to some sort of new innovations in processor technology.
The protocol is designed to mine steadily no matter what the standard of hardware is. That's one of its many strokes of genius. It would need an innovation in the code to speed up mining and as we've seen recently, introducing innovation is not a strong point.
Yes, I don't understand where people get these presumptions that mining can be sped up with the improvements in mining technology. This is already third post that is see this week that talking about this possibility.
People need to remember that Satoshi has designed algorithm keeping in mind what the possible technology can be in 50 years from now, since mining will last until 2140.
I wonder if the mining will be sped up in the future due to some sort of new innovations in processor technology.
The protocol is designed to mine steadily no matter what the standard of hardware is. That's one of its many strokes of genius. It would need an innovation in the code to speed up mining and as we've seen recently, introducing innovation is not a strong point.
Yes, many new coins are introduced every day into Bitcoin network and it's quite impressive that we are holding our price in balance when you look at it more closely. New money must absorb these newly mined coins daily.
Yup. There's two million or so more coins than there were at the 2013 peak. Again, not too many folks pause to think about that.
Nope, 5 years min before we are above $500
I wonder if the mining will be sped up in the future due to some sort of new innovations in processor technology.
I think the supply thing often slips a lot of minds. There are insane number of new coins arriving every day. Once supply becomes a nominal figure we'll see what true deflationary effects look like.
Yes, many new coins are introduced every day into Bitcoin network and it's quite impressive that we are holding our price in balance when you look at it more closely. New money must absorb these newly mined coins daily.
Then again just until halving we will have this accelerated issuance of the new coins and this is not so much more time. 6 millions to be mined on the other side is not that much at all. I wasn't aware either thats all that's left. Some exciting times in front of us!
these left bitcoins will be mined only after a few decades so the price might not rise a lot because of slow mining amounts though im not sure about this
By 2032 the block reward will be under 1 coin and inflation under 1%. Those figures are low enough to start deflating but only if there's the demand of course.
these left bitcoins will be mined only after a few decades so the price might not rise a lot because of slow mining amounts though im not sure about this
I think the supply thing often slips a lot of minds. There are insane number of new coins arriving every day. Once supply becomes a nominal figure we'll see what true deflationary effects look like.
Yes, many of us are hoping to see what will happen. I hope it to go up due to scarcity. And perhaps some more altcoin activity.
But who knows.
I think the supply thing often slips a lot of minds. There are insane number of new coins arriving every day. Once supply becomes a nominal figure we'll see what true deflationary effects look like.
Its harder for newbies to mine. I agree with you.
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