Topic: Will BITCOIN run out in 2140? (Read 1128 times)
If bitcoin is even around that long, which is a big if, I think people will eventually agree to keep the inflation rate at a suitable level of 1-2 percent instead of having no new coins minted. Remember that everything at first is just temporary and not set in stone.
Although Bitcoin was fully exploited in 2014, at the time I thought that the transaction costs were also very impressive at that time. At that time, the miners could also mine, just to dig up the transaction fee, and in fact nothing changed.
it's hard to predict if bitcoin will still run until the year 2140 but the volume of investors here and the bit of revenue here will still be bitcoin because I'm sure over time the value of investors will increase here.
You are right mate, sentiment aside, we can only hope that bitcoin continues till that year, but only God knows exactly the future of bitcoin, but from what I am seeing and from what I can sense, I think that bitcoin still has very long future which will run into decades, if bitcoin were not being accepted by governments, I would have doubted it but governments too are beginning to use bitcoin for severally purposes also and which I believe that the cope will expand as time goes on.If within the next 10 years, bitcoin really gained a solid root within the governmental system, then it is for sure that this technology will go far beyond even 20 years more, and probably we will be seeing it from where we are also after were dead, at least we might still be privilege to know what is going on the world.
I think it won't be that long for the current times, the proliferation of many miners will increase mining faster, Bitcoin is only going to be rarer but not longer when more miners are created, I think it's possible. In 10 to 20 years time, Bitcoin can be reversed, my personal opinion is that.
Although bitcoin has a limited supply of coins, but I am not sure if bitcoin will run out in 2140, at this time there are many who trade and invest with bitcoin, the point is that as long as bitcoin is still used for trading or for investment it will not run out.
I doubt that this prediction can become reality. Nobody can even predict what happens to bitcoin in just a year let alone of in over 130 years time. We saw what 2018 predictions about bitcoin turned out to be.
And, besides, none of us currently on early can possibly live that time to see if the prediction will come by.
And, besides, none of us currently on early can possibly live that time to see if the prediction will come by.
we can only predict, but I think 2140 has been transferred over several generations, for example people die and do not inherit their private key wallet, so this can reduce the amount of bitcoin, I think the prediction is also reasonable, considering there are still 121 years to go. but technological development is not stagnant, but will develop continuously, so that later of course there will be new innovations to overcome them
I don't understand how bitcoins can be shortages for some reason. In any case, this coin will be traded on the market. The market is the main catalyst for value. I do not exclude that in the near future the price of bitcoin can jump up sharply. But that won't change anything. Bitcoins will not be less. Maybe people will forget their wallets or lose hardware wallets. But roughly speaking the infinite bitcoin.
Yeah there is limited supply of around 17 million btc that has already been mined and available but the remaining 4 million can only be mined in over 100 more years this literally shows the deflationary design of btc. Each btc halving reduces the mining reward by 50 percent decreasing mining supply so as a result the demand and price grows this model is outstanding and that is the reason why long term hodling is recommended to gain huge on btc investment.
The main question is not whether all the Bitcoins will be able to mine, but whether the Bitcoins will survive at all by 2140, because this is too long a period of time.
I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
It is unlikely that until 2140 Bitcoin will continue to exist in its current form. If it exists at all until that time, then it will probably change very much, and if necessary, its production will also change. In any case, it’s too early to think about it. Especially to us who do not live up to this time. It is believed that a generation of people changes every twenty years. Based on this, six generations of people will be replaced before 2140. Therefore, you should work with what is now.but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
It is unlikely that until 2140 Bitcoin will continue to exist in its current form. If it exists at all until that time, then it will probably change very much, and if necessary, its production will also change. In any case, it’s too early to think about it. Especially to us who do not live up to this time. It is believed that a generation of people changes every twenty years. Based on this, six generations of people will be replaced before 2140. Therefore, you should work with what is now. but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
You are posting in a bad section, move your thread into Bitcoin section.but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
And do not be afraid, in 2140 nothing will happen only miners will receive profit only from transaction fees, not reward for mined block.
BITCOIN has at least until the year 2140, all of which can be mined.how do you think about this, is it true that BITCOIN will run out in 2140?
yes , that right .
The last Bitcoin is estimated to be mined in 2140,when the block reward would drop below 1 satoshi.
If the number of Bitcoin continues to decrease, the price can soar in the future.
basically,yes. but on nowadays we still on,how can i say,stabilization maybe,i just think , let say BTC same like gold at the beginning.
the point is, as time goes, people will know exactly what is Bitcoin. and they will try to think about it.
this has been a debate for bitcoin supporters and critics for years , its because of Bitcoins limited supply.
that is why i am 50/50 on this adoption thingy, there are so many probabilities
when time comes if Bitcoin will be well established and have a huge network of users
it may either be extremely volatile or might be stable and predictable so it may replaced Fiat.
that is why i am 50/50 on this adoption thingy, there are so many probabilities
when time comes if Bitcoin will be well established and have a huge network of users
it may either be extremely volatile or might be stable and predictable so it may replaced Fiat.
Nobody can even predict what would happen with BTC at the end of 2019. Will it reach 40k pre coin or drop to 3k again? Nobody knows that, let us just enjoy the industry by gaining profits from all the sources that we have.
That's what forking is for.
If there needs to be an upgrade to the Bitcoin protocol even once the newly minted supply runs out, then the miners can simply implement a code change as of block X.
If there needs to be an upgrade to the Bitcoin protocol even once the newly minted supply runs out, then the miners can simply implement a code change as of block X.
I think it is not about supply or inventory of bitcoin. It is all about the investors and users. As long as people will buy bitcoin it will continue to live. But the problem is how we can inherit the real essens of bitcoin to the next generation if even in ourserf we all have doubt and lack of knowledge about bitcoin. So I think the future of bitcoin is all on us.
That's what forking is for.
If there needs to be an upgrade to the Bitcoin protocol even once the newly minted supply runs out, then the miners can simply implement a code change as of block X.
There shouldn't need to be a spin-off, or transfer of any kind, since Bitcoin is designed to be updateable from within.
I think it is not about supply or inventory of bitcoin. It is all about the investors and users. As long as people will buy bitcoin it will continue to live. But the problem is how we can inherit the real essens of bitcoin to the next generation if even in ourserf we all have doubt and lack of knowledge about bitcoin. So I think the future of bitcoin is all on us.
Base on the mining time and the number of coins to be generated , it was a year to finish the mining as the halving reward is due every 210,000 blocks which is a possibility for them to be mined by that year or just some months before that.
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