Topic: Will BITCOIN run out in 2140? - page 6. (Read 1167 times)
No one knows when bitcoin will run out, it could be before the year 2140. Logic and calculations are like that, because every day a bitcoin transaction will occur and of course it will reduce the supply of bitcoin. Logic is simple, if it is less, it will certainly be more expensive I think that is very clear, in my opinion bitcoin will continue to soar as demand. Thank you.
Sooner or later, all bitcoins will be extracted, and of course, because of the lack of coins the price will start to rise, I am not afraid of this any way
I won't be around when it happens but I think that as long as people will hold Bitcoin. No matter if its 100 or 1000 years as long as people will be talking about it and will be using it as an actual currency then I am pretty sure that it will be strong. Also since we are in the Altcoin section I am going to add that there are many altcoins that would also be a potential replacer of Bitcoin. We have the strongest of them all Ethereum and Litecoin also. Dogecoin might come out of obscurity and become a potent force in the altcoin markets.
Interesting insights. I'm sure I won't live for 2140 years. But that's a hypothesis. Even if bitcoin is completely dug up, it will still be held by many people. Of course, prices will certainly rise. One hundred years from now, the world is unpredictable. There may be more advanced technology in the future.
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?
This is what is called a deflationary system. Over time, the total amount of an asset can only decrease, which naturally increases its value. You should not worry that when all possible coins are mined by miners, the network will stop, because miners will receive a commission on the amount of processed transactions. Satoshi Nakamoto was a damn smart guy 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?
Indeed, the reward for the block will decrease until it reaches 0, approximately in 2140, but the network will continue to exist and the reward for miners will be the commission from transactions.
If the miner only gets a commission from the transaction, there will be no miners, because the reward is so small. I think that year, bitcoin cannot be moved anymore, it can only be moved from an exchange between users.
Indeed, the reward for the block will decrease until it reaches 0, approximately in 2140, but the network will continue to exist and the reward for miners will be the commission from transactions.
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?
I just heard the article, if you know where the article might be I would be interested to explore the article that stated it. no one knows the future and is not easy to predict. I think bitcoin will not run out if it is still trusted and not left by its users. it all depends on each of us, whether we will leave bitcoin or still believe in its development in the future. 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?
hmm it needs time. no way to predict so far. bitcoin has all the chances but not surely
It is impossible to say for sure when all the bitcoin coins will be mined. But it is worth noting one thing, as long as Bitcoin will be bought, its price will increase. So this is a very good reason to invest in this coin for a long time.
That's a fallacy, Bitcoin won't run out at the stated year. Bitcoin's architecture was well built, talking about running out you imply it diminishes in quantity till its no more right, which is a mere illusion.
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?
Yes, According to the source code written by Satoshi Nakamoto, then we will not exploit the new blocks of BTC. But, maybe no one here can live until that day 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?
Nobody know that bitcoin will run out in 2140.
But, Bitcoin will be more interested more people to use it because its transparancy.
But, Bitcoin will be more interested more people to use it because its transparancy.
This is when block rewards for miners will stop, which is still pretty a far years to come. So miners will have to rely on transaction fees as a reward to keep the ecosystem running, before then, the price of bitcoin must have been high and reward will remain very attractive for miners.
I wondering if bitcoin already running out, the demand still greater as much as now, we can see 1 satoshi worth as $ 1
Of course anything can happen from government's policy until any regulation that support or against the crypto.
So if you already made some profit, it's better to keep it in your pocket
Of course anything can happen from government's policy until any regulation that support or against the crypto.
So if you already made some profit, it's better to keep it in your pocket
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?
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?
Do you mean all bitcoin are going to be mine in 2140? Yes, that is correct and we may not see that day. However, we are already closer than you think. Circulating supply is almost 18 million now. Obviously, supply are going to dwindle, and if there are more demand the price could sky rocket in the future.
I think all of these are just more on expeculations, nobody could really say how long this BITCOIN will run out. For now, we will just continue to work and hopefully this would not stop as everyone don't want to happen.
The world we are in will Also one day runout. So i won't dispute the fact that bitcoin can runout and that there will be nothing to mine again.
In order to control this, a update that we all know is coming up, which is bitcoin halving. So his will increase the shelf life band prevent it from running out so soon.
So if its running out in in 20 years time for instance, it will be doubled and in 40 years time, which is a good strategy.
In order to control this, a update that we all know is coming up, which is bitcoin halving. So his will increase the shelf life band prevent it from running out so soon.
So if its running out in in 20 years time for instance, it will be doubled and in 40 years time, which is a good strategy.
How is this related to altcoins? Weird to post this in Altcoin Discussion.
But yeah, that's when the last Bitcoins will be mined.
From that point forward, miners will be rewarded with the transaction fees included in every block mined.
Working as intended... Nothing weird about it
But yeah, that's when the last Bitcoins will be mined.
From that point forward, miners will be rewarded with the transaction fees included in every block mined.
Working as intended... Nothing weird about it
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?
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?
Bitcoin is only ten years old and yet so many things have happened after it's creation, now it's hard to do an analysis and prediction over 100 years, we do not have an idea what would be the landscape of the internet and our world by that time, we must take it year or at least make a prediction or analysis, where we can have a grasp of reality.
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