Topic: What happens when the last bitcoin has been mined? [Year 2140] - page 3. (Read 690 times)
October 31, 2018, 04:45:55 AM
In theory by that time if the last Bitcoin is mined there will probably be a coin that was in line to come up at the top in that aspect as we'd see this new coin be the new Bitcoin in terms of minability and value. But by 2140 who knows if there's something that tops cryptocurrency? we never thought we'd see cryptocurrency as a possibility until 2009. The reason why speculating about the potential of what would be is something not really worth the trouble. There might be advancements that even make this obsolete, who knows?
October 30, 2018, 11:01:20 PM
My opinion that price will be "moon".
Also Year 2140 is approximately date.
Because power of miners rising every day and may be created powerful miner.
Also Year 2140 is approximately date.
Because power of miners rising every day and may be created powerful miner.
October 30, 2018, 10:56:52 PM
So I was reading an article about the future of Bitcoin, trying to understand what will happen when the last bitcoin has been mined (from a technical perspective).
https://coinlu.com/what-is-the-future-of-bitcoin/
So if we do the math, the last Bitcoin should be mined sometime in the year 2140 - all of us will be dead by then.
However, what do you think will happen and what can we compare the event too?
https://coinlu.com/what-is-the-future-of-bitcoin/
So if we do the math, the last Bitcoin should be mined sometime in the year 2140 - all of us will be dead by then.
However, what do you think will happen and what can we compare the event too?
If the last bitcoin is mined, the mining of Bitcoin still continues. Remember everytime we make a transaction, we payed for a transaction fees, that will be the next reward for the miners. They will be mining transaction fees as a reward. It is speculated that by that time, bitcoin will be mass adopted that it is possible that a single block containing tx fees of transactions is worthy of mining.
It's fun. Just care about bitcoin mining in the next years. i'm sure you can not live until 2140 to see the last bitcoin mined. I think it is really hard to mine all the bitcoin. Just my opinion.
There are some people that question the idea that mining fees will be enough to keep the mining incentives system intact and argue that without the mining reward there will be problems. I don't really see how... as long as there's the opportunity to make money mining bitcoin, there will be people doing it. The "if you aren't doing it someone else will find profit" scheme still applies with or without mining reward as difficulty is adjusted according, and by 2140 BTC should be interplanetary currency anyway, it will be as desired as ever.
By that time there will be no bitcoin. Bitcoin will be less valued as some other crypto will emerge.
Well, if you count it in that way, that might be the end of bitcoin. But the idea of bitcoin is exemplary, it won't be diminished that easily. Many will come by the time you've predicted.
I don't think so. I hope this is not true. Because Bitcoin has helped so many people and if the currency dies,a lot of people will probably have a hard time adjusting to the old ways.
Why would it be the end of bitcoin? After the last bitcoin has been mined, miners can still earn bitcoin through transaction fees. I'm pretty sure Satoshi wouldn't design bitcoin to be scarce if it would die after the last coin has been mined. It was made scarce in purpose to be deflationary.
I don't think so. I hope this is not true. Because Bitcoin has helped so many people and if the currency dies,a lot of people will probably have a hard time adjusting to the old ways.
Well, if you count it in that way, that might be the end of bitcoin. But the idea of bitcoin is exemplary, it won't be diminished that easily. Many will come by the time you've predicted.
There's a time limit as to how long bitcoin should be mined? I didn't know. And why would we be dead? I hope this is not true, because bitcoin has helped so many people, and if the currency dies, a lot of people will probably have a hard time adjusting to the old ways.
Yes, You won't be able to mine as the limit supply is 21 million bitcoins
If you're 20 years old now, by 2140, you will most probably be dead
There's a time limit as to how long bitcoin should be mined? I didn't know. And why would we be dead? I hope this is not true, because bitcoin has helped so many people, and if the currency dies, a lot of people will probably have a hard time adjusting to the old ways.
So I was reading an article about the future of Bitcoin, trying to understand what will happen when the last bitcoin has been mined (from a technical perspective).
https://coinlu.com/what-is-the-future-of-bitcoin/
So if we do the math, the last Bitcoin should be mined sometime in the year 2140 - all of us will be dead by then.
However, what do you think will happen and what can we compare the event too?
https://coinlu.com/what-is-the-future-of-bitcoin/
So if we do the math, the last Bitcoin should be mined sometime in the year 2140 - all of us will be dead by then.
However, what do you think will happen and what can we compare the event too?
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