Will Bitcoin be infinite? - page 5. | Bitcointalksearch.org

sapnu

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Quote from: Tina H on July 08, 2021, 01:42:00 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?

If in terms of quantity, I don't think that would be possible because there are a lot of things that we need to consider before thinking that way. First is the fact that it consumes too much fossil fuel just to mine bitcoin and wishing for an infinite number of it would definitely destroy mother nature. Also, the value of it will be affected as the supply continues to grow endlessly. Simpsons might have predicted a lot of happenings in the world but still let us be practical and logical before jumping into conclusions on the hints they are showing.

NeuroticFish

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

Do you think Bitcoin will be unlimited in the future?

No.

1. No unlimited price. The price cannot get to infinite, it will always have a clear value.

2. No unlimited quantity. The quantity cannot be infinite, Bitcoin has a fixed maximum supply.

3. No unlimited lifespan. It cannot "go on" forever, because the machines needed for it - internet, nodes, miners - need electricity and maintenance, hence it cannot survive longer than the human race, which, under current known circumstances won't survive more than this solar system. That's again, far from infinite.

dothebeats

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WhT you're trying to say is kinda all over the place. What do you mean exactly by infinite? If it's in terms of total number of bitcoin's, that's just absurd. Max supply cap is put into place for obvious reasons, plus it also helps preserve bitcoin's value. If infinite in terms of its existence, no one can tell. There could be lots of potential replacements for bitcoin in the next years or decades and we wouldn't know until we're there.

Tumanggor

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Quote from: Tina H on July 08, 2021, 01:42:00 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?

infinity in terms of the number of circulation? if this is what you mean then it won't happen
satoshi has programmed a Bitcoin circulation of only 21 million, it cannot be subtracted or added and there is a halving event, which happens every 4 years

you can't believe too much in the Simsons cartoon myth because a lot of it was predicted there but it never happened
keep learning and only trust from this forum

Ucy

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Unlimited in what way? You mean the total supply or something else? I have seen a figure that looks like horizontal 8 used in representing infinity but don't know what that's really about. Is that what you mean by infinity? Hope you can explain what you mean to help me determine if it's possible with Bitcoin. Just hope it's not about Bitcoin supply.

Davidvictorson

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As much as the question is not clear, I'll try to answer based on my understanding. If your question is Will the value of Bitcoin be infinite, the answer is yes and no.

Theoretically, the value of Bitcoin can be infinite if a trader is not willing to sell to a buyer at any price. However on the other hand, the reverse is the case when an individual is willing to purchase Bitcoin at an infinite amount. For example of the price of 1BTC is $100,000,000,000(one hundred billion) dollars nobody will want to buy at that rate because it basically unaffordable and the rate is at infinity.

paxmao

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If I am getting you right, you mean infinite in time or in value? Nothing man-made is infinite in time. Bitcoin like any other creation will live for a time and then become obsolete, change into something else or simply disappear as everything in history except human stupidity - but that was given by the gods Wink

I understand your question is merely philosophical, in practice bitcoin will last for a period of time, but it may be quite a long period indeed. Being first matters a lot in terms of trust and community and bitcoin was the first reasonably successful attempt at creating a decentralised digital mean of exchange.

If you mean infinite in value... well, just do not take The Simpsons as financial advice. Even if they do not have a disclaimer about it.

Lorence.xD

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What do you mean exactly by unlimited? The prices or the supply? Because if it's the supply then it's not going to happen because there's only a limited supply of it so I don't think that we will be seeing bitcoin become infinite in a foreseeable future. The prices on the other hand could go up forever if you know what I'm saying, so long as people are using bitcoin, I guess the prices will be infinity.

Tina H

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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?

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