Bitcoin Forum

I wonder what would happen to Bitcoin after the year 2140, while mining will end and the last block will be mined.
Are there will not remain Bitcoin ? Is the transaction will be possible ? or what ?
At least i will be dead  :-\ :-\ !!!!

Maybe by then Bitcoin will be merge mined with Ixcoin.  :o


Ixcoin is the first copy of Bitcoin, and minted its last coin 8-9 months ago ;)

i think that there will be a few Miners (possibly no miners) cause the reward per block is small

Some other method of securing the network will be developed and mining as is today will not be required, probably.

Actually I believe this may happen much sooner than 2140 because mining may just become not profitable enough and the network will become vulnerable if another method is not implemented.

As everything,it will adjust with time

Or maybe bitcoin is so valuable and used that it is worth to mine  ;D

Nothing to worry about imo, if it is mass adopted, transaction fees are enough. If not, it is still possible to fork easily. We should be fine ;)

There should hopefully be more in fees by that point because hopefully Bitcoin will be more popular and perhaps gone mainstream. If there are enough transactions happening, then the transaction fees will make up for the Bitcoins that would have been mined in a block before the maximum.

Im hoping by then, the block size limit is totally solved and Bitcoin is able to perform the entire earth's electronic transaction methods combined per second, becoming the top electronic payment method.
Mining (or transaction processing to be precise) will not even be PoW by then, I presume.

There is no way to even guess. We can't even guess that modern-like civilizaion will even be around. Consider all the natural disasters and the wars that could happen now that we are so much more technologically advanced. One little slip of a nuke button, and WWIII destroys us all.

In addition, we are all so used to being alive, that some distant future year seems to be something that we will partake of. If science fails to give us a longer life on general, average person scale, why even worry?

:)

Why? Are you planning on living 150 years?

Wouldn't that be nice darling?  Personally I think that if it is still around (and I think it will be) it will be commonly used and the number of transactions will justify mining.  Of course you may not have as many centers and as much power (relative to the technology they will have) pointed towards the task.  Who know what the future will bring?

The block reward will stop; it definitely won't be the last block.
Long before 2140, when the block reward trickles down to Satoshis, you will have your answer.
Transaction fees will fuel the network.

I think we'll see lots of forks over the years, including tweaks to the inflation rules and adjustments to the supply cap. It's basic development of the coin.

all we know that bitcoin is deflation from time to time :D and of course if all of the bitcoin is distributed completly so that its price gonna be stable and increase over time,so all you have to do save your 1 bitcoin,print your identifier ,key and passwrd keep it safe and give it for your child or even for your grandchild  its an awsome heritage :D

100 years ago we were using Abacus (http://en.wikipedia.org/wiki/Abacus) to do our calculations.

now we have computer that are mining bitcoin for us.

in 150 years in the future IF bitcoin is still around and being used, there will be mining equipment that have the ability to easily mine bitcoin with the increased difficulty and don't need that much money to run on.

besides as fees had changed before a couple of times, in the future it will be changes again.

Probably it will be switched to proof of stake  ;)

Did you mean


Lol, probably it will die, soon or later :)

Who cares. We'll all be dead. 

Huge robots which enslaved the entire human race and aliens ll have to deal with that.

some of us the most rich could use the hybernation like Hal finney to stay here by that time

i think that by the 2140 we could transfer our bitcoin to people that are living in mars(mars one is going serious on this) they will start to raise infrastructure in 2025

i expect a good colony there by 2140, and radio wave technology/satellites that will connect earth to mars via internet

It wouldn't be called Bitcoin anymore. Maybe something build on top of bitcoin?

Why look that far, why not just try to make an effort to make it last till 2040 at least. The way some of the users are behaving, bitcoin community won't last till 2040, let alone 2140.

I don't like to think that much on what will happen on that year because no one of us will be alive by then so who cares really ...
Also Bitcoin will surely not stays that long , Government will screw it over with some new shit simillar to it but not decentralized so can see everything you do just like Paypal & Credit cards etc ... and voilà it's like Satoshi did nothing sadly  :'(

Actually, Satoshi predicted that we will reach an equilibrium stage where there will be only a few miners left.
I think that by the time it reaches that phase it will be very profitable for those who are left.
I also think that by the time we get to that phase Bitcoin will have been more widely adopted.
The ones who have the hashing power and can handle the running costs will be benefiting from the transaction fees.

Think of VISA, AMEX and MasterCard.
They are handling millions/billions of transacions per day.

If someone is one of the few handling the Bitcoin transactions then they will be making a shit load of money.

I think bitcoins will be worth $1,000,000,000 each but it wont matter.  Because of inflation that will be the cost of a candy bar.  There will be no more jobs because the robots will do everything for us.  Everyone will be either a professional pan handler or work for a big wall street firm moving money around in circles to somehow generate a profit.  The streets will look like Blade Runner without the replicants (because that is what the future SHOULD look like).

You should read this thread: https://bitcointalk.org/index.php?topic=180798.0

Anyone holding 1 BTC will be a billonaire by then, since by that time BTC will be the undisputed earth's standard unit of value, and not only earth, but whatever planets we've colonized too. The blockchain will be able to propagate in other planets as one.
We'll be all dead by then tho, so whatever. At least I hope we can retire early.

I have a prediction to this analysis: The ones will be electrical/electronics engineers specialized in alternative energy technologies including micro-nuclear research.

Bitcoin will continue and no one can stop it beacuse many people use bitcoin for many purposes and it can be a way to donate some charity or enviromental movement to help people or the mother earth but the one reason is it helps people to make a good life

This is what I was going to say. Why would anyone care seeing as we'll all be dead.


Bitcoin could have been and gone in this timeframe. Something much better may also take over so bitcoin is far from safe or indestructible.

Yes , there is a possible some people are have a bad intension to steal money or hack it to make a money faster than replying other post but bitcoin can upgrade security and make bitcoin user safety's improve

as long as its technology will be alive i don't see the problem in anything or in a better bitcoin, remember that no more bitcoin doesn't necessary mean that there will be no others option in the cryptoworld(so if bitcoin will die, than another "bitcoin will rise"), in the end you can't kill crypto anymore

The one main problem is Hackers because they can hack some accounts that having a bitcoins but im sure that bitcoin hires best security experts for secure the accounts

I think in 2140 the double SHA-256 hashing is not so strong anymore because of incremental computer power, one of the core hashing algorithms in bitcoin. Other hashing algorithms such as MD4 and MD5 (created in 1991) are weak now. Satoshi said something like "It will work for some time"  and I think he meant a few decades.

i don't know why you are thinking about 100 years in the future. bitcoin is a new technology and the first cryptocurrency that is being used vastly.
in 100 years later who knows what new technologies have been replaced bitcoin completely or maybe added new features to bitcoin.
also mining will never end as long as bitcoin is being used. since mining means confirming the transaction and the reward will be the fees that are included by the tx.

Oh really 1 billion for a btc  ;D Then you woke up mate, come on. BItcoin will never be allowed to be the 'undisputed standard unit of value' there will be a world government by then, do you think they are creating that because they want to give people freedoms as bitcoin does.

I really don't think it matters about bitcoin in 2140 as I think there will be something else digital credits which people will be forced to use.

Miners will be paid by fee's of course if it is still around not that I care I am long gone.

if by 2140 skynet haven't yet destroyed humanity and taken over all bitcoin resources, then miner would still continue mining bitcoin and what they earn from this is only the amount of fee which in included in each transaction.

Why not? It could replace gold as the standard, so things get valued in regards to Bitcoin instead of Gold, which is a pretty deprecated asset besides the bast network effect.
But yeah in a pretty scary scenareo, the government could ban all Bitcoin transactions and push their own closed source e-cash, which would mean Bitcoin returns to its rots of an underground economy.

I am curious why you chosen 2140  ;D I don't know exactly what will happen, but IMO bitcoin will be a currency that be recognized by government. You will hear about bitcoin corruption, bitcoin bank, or the special cyber crime police to catch bitcoin hacker.

Well we need regulations one way or another specially for smart contracts, because right now it's pretty useless that you sign a smart contract in the blockchain that says you X property, unless it's officially recognized by the state so they can send police in case someone claims is not yours and steps on your property.

https://en.bitcoin.it/wiki/Controlled_supply

it's because there will be no more halving, and we will enter the fees era

What will happen to gold in 2140? What will happen to the US dollar? What will happen to the European Union? It's totally impossible to make predictions so far in the future, so don't bother thinking about it.

in the year 2140 people will have technology smaller than a wristwatch that has internet connections to verify blocks.

miners wont do it for profit so farms would die out and instead it would be users of bitcoin doing it across the world purely to transact.
there would be no fee's and people would only do it as they want to keep bitcoin alive.

You didn't understand his question. He was asking why. "Why won't the last halving be in 2240? "
Do you understand now?

Honestly, these threads are ridiculous. We can't even correctly predict what is going to happen next year. Unless something get's developed in time, we won't get close to seeing what is going to happen.
It doesn't really matter right now.

As for gold you can be sure that nothing will change. Gold is eternal, we don't have a efficient way to create gold in lab environment. But as far as currency like Dollar or Euro or Bitcoin goes, we can't be sure.
All I can say is that there won't be bitcoin in 2140 for sure, not in the form as we know it now. There will be however "Bitcoin ver. X" or some other form of electronic money, that is certain.

You can't create the network effect in a lab either, which is all that Gold has. There are a ton of other metals out there, they aren't any different from Gold, except Gold for some reason became the king of metals, just like Bitcoin became the king of crypto. It's all about that network effect.

You cannot predict the future of Bitcoin, why bother to keep trying? Everyone predicted it would be 10k a coin by now

That must be question from every individuals that known how bitcoin works.
But at least, I still believe bitcoin still can exist for a few years but I'm doubt for a century. So just be glad for today because we still can use bitcoin without having any problem

no he clearly said "why you chose 2140", like there was a specific reason behind it, which is what i've posted

and it doesn't make sense for him to ask what you've interpreted from his post....he clearly didn't know that the last halving was in 2140

and it is obvious that the OP has used that number because of that table...

Well honestly I haven't read that wiki yet, so I was curious about why number 2140. Thanks for your information mr. Amph  :)

What will happen to this planet after 2140? :P


Are you human? you will dead :D

idk, maybe bitcoin price will $10000000/BTC :D


~iki

Its too far to think about it but i think that it would a global currency across the globe and everyone would be using it as a mode of payment and no one would be using fiat currency or credit card to make a payment even at a grocery shop. and even the small vendors would start accepting it as a mode of payment.

Well we don't know what will be happen in 100 years later  :)
But you're right, in future we can buy anything with your wallet in gadget, and if your gadget was stolen, the wallet is still safe in blockchain.

Or Mother Earth performs another natural correction and H1N27 pandemic kills 82% of the worlds population. Not only is there no more Bitcoin but no more society. The human race is living in the dark ages again where things exchange hands through barter only.

That' true you can't predict what will be the situation in 2140 and i don't think that bitcoin will exist till then as there will be more digital currencies entering into the market and it is sure that bitcoin will facing threat from the new entrants either it will be a global currency or else it would be just an history.

Yes once the people are aware about it and more and more people start using bitcoin it will make the value of bitcoin stable and then it can reach to a new level that we cannot afford to even imagine and the present scenario is people are not aware about it so its value is diminishing.

In 2140 I will celebrate the last block with a concoction of nano-healers and tell my great great great great grandchildren about how I was around in the days when you could get 50 bitcoins just for running a program on what we referred to at the time as "computers".

Not everyone, I always said we would be stuck with a long term low price of 200 ish if not lower, before a mega pump happens. Let's see where we are at in 2 years.

after 2140 BTC will;
- be accepted at about 30 000 businesses world wide.
- suffer from bad reputation as the preferred form of payment by pedophiles and drug dealers.
- be worth almost 300$ USD each
- be hoarded but never spent by 99% of users.

there's going to be so much bickering on the way up to 2140... today its all about block size...

what are some potential headache discussions we might have down the line?

nobody can predict the far future, what they do is that they speculate the near future. and 10k price was some speculation when the price was at $500 ish and it was said that it can head towards 10k and not a lot of people supported this speculations

there are two.possibilities that could happen to bitcoin .
1) bitcoin wpuld be vanished .
2) bitcoin would be the largest selling currency used by every human being on the earth at every single place to shop.

I honestly think bitcoin will eventually die. And a better alternative alt will eventually take over.

bitcoin is going to undergo some changes if it has to survive for that long for sure. maybe by then we can see a couple of cryptocurrencies like bitcoin which are being used worldwide by different countries.
but one thing is for sure and that is the technology that it brought will never die and will develop over the years.

Dafuq , after all those years you think it will be with that shitty price ? then I guess that would be a huge failure .
Beside the value of 300$ in 2014 will surely won't be the same as now so it's basically worst :o

which will not change too much, and it does not make much sense, what's the point to have another currency that work the same or even if it work different, when bitcoin can be enhanced to work in the exact way of this new alt?

would make much more sense, to see a very different bitcoin in the future, with a whole new tech behind it, than seeing just another clone...

I think Bitcoin has bright future and  it should become more popular and should be accepted worldwide, also in past market was quite volatile and now days prices is still stable and to gain more confidence it should remain stable.

People(myself included) can't even have some idea about what is going to happen after the next halving.

You could ask what will happen to Bitcoin after 2000 years from now, my answer would be almost as precise

I dont think so bitcoin will die .. it may get enhanced and will be more popular and may be used worldwide  :)

i hope satosi nakamoto come to add new feature like POS interesting 3%/year
if POW end and can't be miner i hope price will be up
because very hard to get BTC

Can you imagine how world looked like 120 years ago?
Bitcoin will also change. IT changed a lot in 6 years, how much it will in 120.

probably a vacuum cleaner will have more hash power then 1000 times bitcoin network.

bitcoin is just about the hardest thing to turn of / stop almost ever

A few years ago, the value of all the bitcoins in the world blew past $1 billion for the first time ever. That’s an impressive achievement, for a purely virtual currency backed by no central bank or other authority. It’s also temporary: we’re in the middle of a bitcoin bubble right now, and it’s only a matter of time before the bubble bursts.