Will Bitcoin be infinite? - page 2. | Bitcointalksearch.org

Silberman

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Quote from: SaShiRaJaVu on July 12, 2021, 07:39:53 PM

Quote from: Tina H on July 08, 2021, 02:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

I have not watched the episode but whatever may be the case it is just a scripted show and not any prophecy even though i have heard that The Simpsons show predicted something things which came true at a later time but for Bitcoin to become the symbol of infinity i did not understand in what sense it means, there are literally infinity coins and token in the Bitcoin market or will the number of bitcoin becomes infinity in the future, if it is the latter there is no way it is going to happen.

I lost count of how many episodes there are but when a show has more than 30 seasons and 500 episodes then some predictions are bound to be true, it is similar to what we see in the this market, we have millions of users and many of them are making several predictions all year long, some of those predictions are bound to be right just by chance, it does not really mean anything unless they had a system to produce predictions like that all the time, and the same is true here.

jinneas

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Bitcoin has the characteristic of scarcity, and its total amount is 21 million. The number of bitcoins is limited.
The value growth potential of Bitcoin is unlimited. Bitcoin has existed for 12 years and has brought huge profits to investors. Many new users see its benefits, starting to choose to invest in Bitcoin, people's consensus and recognition for it are increasing, and the demand is also increasing. And because of the scarcity of Bitcoin, the supply and demand relationship increases the value of Bitcoin infinitely.

blockman

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I believe that there is no such thing as infinity. Everything gets old and boring sooner or later. It will be the same with bitcoin. It will be replaced by something new. And that's the way it's going to go. This is what you could call a never-ending chain.

That's a given and valid thought but we're not yet there soon. It's known that there will be better technology that will come out soon but as much as possible, that technology would be taken mostly from blockchain and that started with bitcoin. I agree that it's a cycle that doesn't have an ending as one retires, there will be another one for its succession. But to see that time that bitcoin might be replaced by a better one, we don't see it yet coming and I think that it's going to count so many years before it happens or we won't be able to witness that because the possibility when that time comes, we're probably no longer here.

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Quote from: SaShiRaJaVu on July 12, 2021, 07:39:53 PM

Quote from: Tina H on July 08, 2021, 02:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

I have not watched the episode but whatever may be the case it is just a scripted show and not any prophecy even though i have heard that The Simpsons show predicted something things which came true at a later time but for Bitcoin to become the symbol of infinity i did not understand in what sense it means, there are literally infinity coins and token in the Bitcoin market or will the number of bitcoin becomes infinity in the future, if it is the latter there is no way it is going to happen.

if what is meant by an unlimited population of Bitcoin users in the future might happen, but for the availability of the existing supply it must have been predetermined, that is precisely what makes Bitcoin more valuable.
if new innovations continue to emerge regarding new types of coins that resemble Bitcoin, of course there will always be later, because cryptocurrencies can open up business opportunities for anyone.

andriarto

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Quote from: SaShiRaJaVu on July 12, 2021, 07:39:53 PM

Quote from: Tina H on July 08, 2021, 02:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

I have not watched the episode but whatever may be the case it is just a scripted show and not any prophecy even though i have heard that The Simpsons show predicted something things which came true at a later time but for Bitcoin to become the symbol of infinity i did not understand in what sense it means, there are literally infinity coins and token in the Bitcoin market or will the number of bitcoin becomes infinity in the future, if it is the latter there is no way it is going to happen.

indeed it will be difficult to predict the long term later about bitcoin, bitcoin can be famous for its limited supply, so this is what allows its price to continue to rise, as more and more people know it and need it. when bitcoin is used throughout the country, will the supply increase, or are there new innovations .... I think we will wait for satoshi's breakthrough

ROSERTY

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As we all know, the number of Bitcoins is limited, with a total of 21 million.
The value of Bitcoin is unlimited. There are constantly new users investing in Bitcoin, people's recognition and demand for Bitcoin are increasing, and because of its scarcity, the value of Bitcoin should rise infinitely in the future.

STT

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I dont take the threat title as infinite literally but the OP meant are we talking very long term for BTC. Will the schedule laid out for reducing block rewards to zero actually be fully played out, that would be a very long time line not exactly infinite but its possible that yes that does occur.
BTC being traded for many years is quite feasible, the larger question is at what price and vs what competition and parallel development. I've always assumed development on any blockchain is some positive so long as its open source and decentralized, some elements are mislabeled as crypto when they aren't just digital and proprietary.

Koro-Sensei

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As halving occurs, it is believe that the last block of bitcoin could be unlikely mined in the year 2140. No one knows what exactly could happen by then and some even predicts that the protocol could even allow it to have a larger supply for everyone. No one knows exactly what could happen unless satoshi do something about it.

SaShiRaJaVu

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Quote from: Tina H on July 08, 2021, 02:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

I have not watched the episode but whatever may be the case it is just a scripted show and not any prophecy even though i have heard that The Simpsons show predicted something things which came true at a later time but for Bitcoin to become the symbol of infinity i did not understand in what sense it means, there are literally infinity coins and token in the Bitcoin market or will the number of bitcoin becomes infinity in the future, if it is the latter there is no way it is going to happen.

izsara

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I've heard and also seen the episode you mean but I mean something else for me that episode doesn't mean bitcoin is infinity but just a symbol of increase because if you say infinity I hesitate to say it because if something is considered infinity it's impossible to trade.
but if you say it's a source of upswing in the future this would be in sync and I'm thinking in that direction.
because I think bitcoin in the future will continue to soar but that doesn't mean it's unlimited, of course there will always be a limit to it. especially regarding supply because we already know that bitcoin supply is limited

ninkdwi

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it's not limited, it's broad in scope, you have to specify it first because I can't catch what you mean.
and if you mean supply I don't think so because we all know that bitcoin supply is limited and right now there are only 21 million bitcoins in existence and only 18,239,300 btc in circulation and this shows that bitcoin supply has a limited supply .
but if you mention the price I can say it depends on time and only time can answer it all maybe yes and maybe no because time and enthusiasts are the reference here.
talking about simpson with his future predictions, some of which have been proven, indeed this prediction could be true and it's just a matter of time to prove it but don't use it as a belief that this will happen because again this is just a cartoon and not a fortune teller despite everything that has happened

hatshepsut93

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If something has infinite value, it means it just never gets traded, because there's nothing to match its value. If 1 BTC costs infinite amount of dollars, then so does 1 satoshi, because that's definition of infinity. Infinitely valued Bitcoin can't be used as a currency, can't be used for anything at all. If all BTC in existence was held by a single party and they refused to sell for any price, you could say that Bitcoin is valued infinitely, but it's impossible to concentrate all up to 21 million bitcoins x 100 million satoshis.

SquallLeonhart

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Quote from: semobo on July 11, 2021, 05:36:22 AM

Quote from: Tina H on July 08, 2021, 02:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

Bitcoin is limited which is 21 million, maybe it can be changed only if Satoshi wants it too but it has no chance to happen in my opinion since he was never active 9nce his purpose completed and he actually created it for the financial freedom not to make profits for himself. All these green concepts are just speculations from people who wants to manipulate the prices.

The good thing about bitcoin is that if satoshi comes back now and says that bitcoin should be 50 million, then we can still say no. That is how decentralization works, he left because he didn't want to influence the growth of bitcoin because he knew that his existence would have hurt bitcoin more than it would help and that is why he created it, put it on the right track and then when he saw that it was gaining momentum and price he left.

However he would have absolutely no other power than just influence, or maybe he could have manipulated people, look at how Vitalik says eth 2.0 is better and we all agree, maybe Satoshi would had that power as well. However aside from those, he has no technical power over bitcoin, he couldn't just suddenly made it into something that would be 50 million instead of 21 million, he can't change the code of it by himself.

JillianTaft

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According to my understanding, this infinite means that the price is infinite. After all, the total supply is already known, and there can be no endless things on the earth. I think Bitcoin will not die as long as someone is there. Although Simpson's prediction is valid, don't worry too much about other plots.

ivankoh

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Quote from: Tina H on July 08, 2021, 02:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

I believe that, “infinite” in terms of value, scarcity will make it possible for BTC to reach $1 million in the future. halving cycle, increased mining difficulty, multi-liquid growth of institutional investors. The current economy has been diagnosed and dissected a lot after the covid pandemic emerged. Decentralization will continue to grow in the near future. Forget CBDC, it doesn't reduce the value of bitcoin. It is important that the bitcoin price is retroactive!

Invokergods19

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Quote from: Tina H on July 08, 2021, 02:42:00 AM

Do you think Bitcoin will be unlimited in the future?

I think the unlimited you said is consistent exist but I don't if that is you mean to. Were Hoping also that Bitcoins are in the long year. Now a days cryptocurrency are expanding but you cannot say its unlimited.

Silberman

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Quote from: Tina H on July 08, 2021, 02:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

I think I remember watching that episode and I think that was a reference to its price, technically the value of bitcoin cannot be infinite, after all even if bitcoin became the only currency in existence its value will be limited to the whole resources that we can extract from the planet and the technology we develop out of them, however since we are talking about a show that is a supposed to be funny it is obvious this was put there by the writers to signify that the value of bitcoin will do nothing but to go up, something that most people in the forum already knew.

Yatsan

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We surely do not exactly know into what extent can Bitcoin last when it comes to the time it will exist from now until the next upcoming years since there will be lots of factors that can affect the situation it would be taking in the near future so we can or cannot expect for it to last for a very long period of time. But when it comes to the total circulating supply to be infinite, then it not because it is just limited and we are already aware of the matter since we have already known to expect halvings to take place in a specified time. The possibilities of its usage to last longer will still be dependent on the current situations and can be affected by other contributing factors.

Cling18

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If you're asking if Bitcoin would be limitless when it comes to usage and development, I would say yes but if you're about unlimited supply, it will surely be no. As for me, Bitcoin still has a lot to show us in the future. It will still could grow and foster as a currency since lots of people are adopting it as a currency. It will only take time and more adoptions for that to happen.

swiftbits

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Bitcoin might reach its peak during our lifetime and will be dead eventually. We all know that supply is limited, so it's not infinite at all.
Let's consider the influence that this technology could provide in developing a new innovative product. The name might stay known longer than its operation.

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