What will happen when the 21M bitcoin will be minned - page 3.

DannyHamilton

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Quote from: bythesea on October 21, 2013, 12:51:51 PM

It will take us more then a decade to mine 21M, so who knows.

You're off by an order of magnitude.

It will take us more than a century to mine 21M.

(Actually, we'll never mine 21M, the maximum will be 20,999,999.97690000)

(Actually, it'll be a bit less than 20,999,999.97690000 due to an issue a few years ago where a miner failed to mine the appropriate number of bitcoins)

justmyname

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If no mining no transactions. Bitcoin will die unless some type of new reward for mining.

giszmo

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Quote from: uyjulian on October 21, 2013, 12:55:40 PM

Um... you can half it more?
Can't the 8 decimal be increased?

Yes. It won't happen for mining though. It will only happen if trading justifies it, but off the chain transactions can already be done sub Satoshi, so why bother? In order to have billions of people trade in bitcoin you need to go off the chain anyway so even for trade there is no practical benefit of more decimals. If by that time a Satoshi would still not buy you a meal, people wouldn't bother changing things as fees will buy the miners many meals if Bitcoin survives to that date.

Edit: My assessment about fees might be inaccurate. There is also a possibility of mining turning into an expensive effort with no reward from the ordinary bitcoin users, run only by those with high stakes in Bitcoin merely out of their own pockets.

uyjulian

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Um... you can half it more?
Can't the 8 decimal be increased?

bythesea

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It will take us more then a decade to mine 21M, so who knows.

Vlad2Vlad

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Quote from: cp1 on October 21, 2013, 11:00:37 AM

Quote from: Vlad2Vlad on October 21, 2013, 02:48:05 AM

Then why don't you ask yourself the same question about Bitcoin? Or does Bitcoin have some secret intrinsic value which ixCoin lacks.

I only asked why wouldn't it go up since you said Bitcoin would go up when it stopped printing coins so if that's rhe case then the valid question is, why wouldn't ixCoin then also go up since it will stop printing coins in less than 18 months, way ahead of Bitcoin.

I have no idea why ixCoin would go up but not do I or you or anyone know why and how Bitcoin will go up when it runs out of coins, hence the reason for my original question.

An answer or even an educated guess would be nice cause all this circle jerking is not helping anyone. Thanks anyway, but it looks like you don't even know why Bitcoin will go up let alone ixCoin.

Good luck!

Bitcoin has a pretty wide adoption and it can actually be used to buy stuff and it's in the news constantly. It's a decent currency to bet on. ixCoin has.... ?

A year ago Bitcoin didn't have any of those things. It was just another scammer and drug dealer coin. Forward thinking is required here. But I agree there's 99% speculation on my part on this.

cp1

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Quote from: Vlad2Vlad on October 21, 2013, 02:48:05 AM

Then why don't you ask yourself the same question about Bitcoin? Or does Bitcoin have some secret intrinsic value which ixCoin lacks.

I only asked why wouldn't it go up since you said Bitcoin would go up when it stopped printing coins so if that's rhe case then the valid question is, why wouldn't ixCoin then also go up since it will stop printing coins in less than 18 months, way ahead of Bitcoin.

I have no idea why ixCoin would go up but not do I or you or anyone know why and how Bitcoin will go up when it runs out of coins, hence the reason for my original question.

An answer or even an educated guess would be nice cause all this circle jerking is not helping anyone. Thanks anyway, but it looks like you don't even know why Bitcoin will go up let alone ixCoin.

Good luck!

Bitcoin has a pretty wide adoption and it can actually be used to buy stuff and it's in the news constantly. It's a decent currency to bet on. ixCoin has.... ?

johncarpe64

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ASIC will be used to mine Alt-coin. Then more and more Alt-coin will be in the market by that time..

Vlad2Vlad

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Quote from: cp1 on October 21, 2013, 01:44:03 AM

Quote from: Vlad2Vlad on October 20, 2013, 07:57:50 PM

Well, is like to know why Bitcoin would continue going up and if so then why wouldn't ixCoin continue gong up. I'm just looking for some informed answers but those are difficult to find.

You should diversify if you've got the ends.

Good luck!

More important to ask yourself why would ixCoin go up, not why wouldn't it go up.

And diversification involves investment in fiat.

Then why don't you ask yourself the same question about Bitcoin? Or does Bitcoin have some secret intrinsic value which ixCoin lacks.

I only asked why wouldn't it go up since you said Bitcoin would go up when it stopped printing coins so if that's rhe case then the valid question is, why wouldn't ixCoin then also go up since it will stop printing coins in less than 18 months, way ahead of Bitcoin.

I have no idea why ixCoin would go up but not do I or you or anyone know why and how Bitcoin will go up when it runs out of coins, hence the reason for my original question.

An answer or even an educated guess would be nice cause all this circle jerking is not helping anyone. Thanks anyway, but it looks like you don't even know why Bitcoin will go up let alone ixCoin.

Good luck!

cp1

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Stop using branwallets

Quote from: Vlad2Vlad on October 20, 2013, 07:57:50 PM

Well, is like to know why Bitcoin would continue going up and if so then why wouldn't ixCoin continue gong up. I'm just looking for some informed answers but those are difficult to find.

You should diversify if you've got the ends.

Good luck!

More important to ask yourself why would ixCoin go up, not why wouldn't it go up.

And diversification involves investment in fiat.

Vlad2Vlad

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www.ixcoin.net

Quote from: BurtW on October 20, 2013, 07:31:38 PM

Quote from: Vlad2Vlad on October 20, 2013, 07:27:28 PM

Quote from: BurtW on October 20, 2013, 07:21:34 PM

Quote from: Vlad2Vlad on October 20, 2013, 06:59:34 PM

Any experts have a better idea yet what will happen to Bitcoin, or ixCoin once the 21 million limit occurs? TIA!

All of our Bitcoins will continue to go up in price.

All of your ixCoins are destined to be worth exactly zero.

No shit?

Then maybe you can explain to me why while Bitcoin has gone from $68 to $180 over the past 2-3 months, almost all alt coins have been killed, even that CrapCoin, Litecoin, while, during the same period, ixCoin has actually been up more than Bitcoin, on a % basis.

I can't wait to hear your brilliant explanation. Thanks in advance, asshat.

Dude, that is my opinion - the opinion of a totally random guy on the internet. I am sticking to my personal opinion. I have bet very heavily on my opinion by not buying a single ixCoin. In a few years you can laugh at me from you yacht, or not.

Cool man, sorry for the attitude, thought you were mocking.

Well, is like to know why Bitcoin would continue going up and if so then why wouldn't ixCoin continue gong up. I'm just looking for some informed answers but those are difficult to find.

You should diversify if you've got the ends.

Good luck!

BurtW

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Quote from: Vlad2Vlad on October 20, 2013, 07:27:28 PM

Quote from: BurtW on October 20, 2013, 07:21:34 PM

Quote from: Vlad2Vlad on October 20, 2013, 06:59:34 PM

Any experts have a better idea yet what will happen to Bitcoin, or ixCoin once the 21 million limit occurs? TIA!

All of our Bitcoins will continue to go up in price.

All of your ixCoins are destined to be worth exactly zero.

No shit?

Then maybe you can explain to me why while Bitcoin has gone from $68 to $180 over the past 2-3 months, almost all alt coins have been killed, even that CrapCoin, Litecoin, while, during the same period, ixCoin has actually been up more than Bitcoin, on a % basis.

I can't wait to hear your brilliant explanation. Thanks in advance, asshat.

Dude, that is my opinion - the opinion of a totally random guy on the internet. I am sticking to my personal opinion. I have bet very heavily on my opinion by not buying a single ixCoin. In a few years you can laugh at me from you yacht, or not.

Vlad2Vlad

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www.ixcoin.net

Quote from: BurtW on October 20, 2013, 07:21:34 PM

Quote from: Vlad2Vlad on October 20, 2013, 06:59:34 PM

Any experts have a better idea yet what will happen to Bitcoin, or ixCoin once the 21 million limit occurs? TIA!

All of our Bitcoins will continue to go up in price.

All of your ixCoins are destined to be worth exactly zero.

No shit?

Then maybe you can explain to me why while Bitcoin has gone from $68 to $180 over the past 2-3 months, almost all alt coins have been killed, even that CrapCoin, Litecoin, while, during the same period, ixCoin has actually been up more than Bitcoin, on a % basis.

I can't wait to hear your brilliant explanation. Thanks in advance, asshat.

BurtW

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All paid signature campaigns should be banned.

Quote from: Vlad2Vlad on October 20, 2013, 06:59:34 PM

Any experts have a better idea yet what will happen to Bitcoin, or ixCoin once the 21 million limit occurs? TIA!

All of our Bitcoins will continue to go up in price.

All of your ixCoins are destined to be worth exactly zero.

imrer

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It will be slow process. There will be fewer mined coins but I believe mass adoption will create more transaction -> more fees -> so miners still will have motivation to do their work - keeping chain save.

Vlad2Vlad

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www.ixcoin.net

Any experts have a better idea yet what will happen to Bitcoin, or ixCoin once the 21 million limit occurs? TIA!

Vlad2Vlad

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www.ixcoin.net

Quote from: ronimacarroni on September 24, 2013, 10:08:30 PM

Quote from: Vlad2Vlad on September 24, 2013, 10:02:34 PM

Well, I'm curious, what services did BITCOIN offer back in April, right before it shot up to $266.

Cause I'm looking around and I see coins like DGC, with tons of services and it's doing nothing for the coin's value.

So I'm thinking these crypto fiats are a different breed - and nobody seems to know how to make one increase in value consistently.

Oh it shot up after foodler started accepting bitcoins I think.
As for what could services could make Ixcoin appreciate in value...
I don't know. Get it on coingas?

While i agree services are great to have, I don't think services had anything to do with Bitcoin hitting $266 and I think the exact opposite happened - the coin shot up, everyone took notice and that's when services exploded.

What this means is that you could take a coin like ixCoin and reverse engineer it to be much more valuable. It takes money to do so and that's why it would be a great coin for a second ETF.

ronimacarroni

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Quote from: Vlad2Vlad on September 24, 2013, 10:02:34 PM

Well, I'm curious, what services did BITCOIN offer back in April, right before it shot up to $266.

Cause I'm looking around and I see coins like DGC, with tons of services and it's doing nothing for the coin's value.

So I'm thinking these crypto fiats are a different breed - and nobody seems to know how to make one increase in value consistently.

Oh it shot up after foodler started accepting bitcoins I think.
As for what could services could make Ixcoin appreciate in value...
I don't know. Get it on coingas?

Vlad2Vlad

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www.ixcoin.net

Well, I'm curious, what services did BITCOIN offer back in April, right before it shot up to $266.

Cause I'm looking around and I see coins like DGC, with tons of services and it's doing nothing for the coin's value.

So I'm thinking these crypto fiats are a different breed - and nobody seems to know how to make one increase in value consistently.

ronimacarroni

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Quote from: Vlad2Vlad on September 24, 2013, 09:40:03 PM

Quote from: ronimacarroni on September 24, 2013, 09:36:08 PM

Quote from: Vlad2Vlad on September 24, 2013, 09:29:50 PM

Quote from: ronimacarroni on September 24, 2013, 09:20:29 PM

Quote from: Vlad2Vlad on September 24, 2013, 06:42:25 PM

Quote from: cp1 on September 24, 2013, 03:17:16 PM

ixcoin is worthless and I can't believe you really bought 30BTC worth of them. You should dump them ASAP unless 30 BTC is nothing to you. You're just part of the dump.

I could dump them at a decent profit now but I cannot do that unless my view changes. And no, 30 BTC is a lot of money for me right now since I'm not even working a regular job at the moment.

Not to mention I wanna buy an ASICS rig which means I've gotta spend another 50 BTC in the next few days.

This crypto thing ain't cheap. I sure hope I'm right on either the ASICS rig move, ixCoin or preferably, Both.

I think we'll find out before this year is over - as I feel we'll get news regarding a Bitcoin ETF by then.

Now wait hold on.
I don't know much about about ixcoin but I do know its 13 in the coin market cap.
I also know that they will all be mined by 2015.
Don't short 30BTC worth of ixcoins, that sounds nuts. Shocked

Just hold and don't let pump and dumpers get to you.
Also the ROI of ASIC miners is not a guarantee.
Just keep a cool head and don't be rash man.

How could I short ixCoin?

I am being cool about this, I have been adding ixCoin for 3 months while everyone is telling me I'm stupid and crazy. I see the coin much higher so I keep buying as I get more BTC.

Now I'm taking a break and just holding what I have (about 2%) cause I'm trying to buy some ASICS before we get ETF news and the lines go around the block and the ASICS prices through the ceiling.

Yeah sorry I skipped the "at a profit" part of your sentence.
I thought you wanted to sell at a loss.

So you think ixCoin can go up as we approach their final days of mining? Should be interesting.

Well they got the supply part of the supply and demand equation down.
Now there needs to be services goods that you can trade for ixcoin for the demand part.

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