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Title: what will happen when the last Bitcoin be mined? Post by: irlandescoin on March 11, 2014, 04:21:14 PM The estimate is 2140
we need the miners and blocks to confirm that, but when finish mine and blocks, how the transactions will be validated? its just a curious question. Title: Re: what will happen when the last Bitcoin be mined? Post by: RodeoX on March 11, 2014, 04:25:41 PM Miners will make their money from fees for transmission by then. They will be more of a payment processor than a miner, but will still keep the network up.
Title: Re: what will happen when the last Bitcoin be mined? Post by: Aahzman on March 11, 2014, 04:26:28 PM You'll be long dead and gone, so why wonder? :-)
Title: Re: what will happen when the last Bitcoin be mined? Post by: mprep on March 11, 2014, 06:18:46 PM Transaction fees will become the only reason to mine meaning transaction fees will probably be bigger than now.
Title: Re: what will happen when the last Bitcoin be mined? Post by: Lorenzo on March 11, 2014, 08:05:04 PM By 2140, the technological singularity would have happened and we would all be living in a post-scarcity utopia. There would be no need for money at all.
Title: Re: what will happen when the last Bitcoin be mined? Post by: mprep on March 11, 2014, 08:15:08 PM By 2140, the technological singularity would have happened and we would all be living in a post-scarcity utopia. There would be no need for money at all. Yeah the main currencies will be guns, bullets, food and water, right? ;DTitle: Re: what will happen when the last Bitcoin be mined? Post by: jeroenn13 on March 11, 2014, 09:19:18 PM Re: what will happen when the last Bitcoin be mined?
Answer: Bitcoins will be rare. Title: Re: what will happen when the last Bitcoin be mined? Post by: R0yalAir on March 19, 2014, 05:31:51 PM When the last BTC will be mined, the world won't be the same.
Title: Re: what will happen when the last Bitcoin be mined? Post by: Flashman on March 19, 2014, 06:05:58 PM After mining the last bitcoin, ~297 yottahash will start pulling vacuum and turn the universe inside out...
... but not to worry, we're resetting to the stone age in 2038 when all the nukes assplode... http://en.wikipedia.org/wiki/Year_2038_problem Title: Re: what will happen when the last Bitcoin be mined? Post by: sudoku on March 20, 2014, 07:37:49 AM Someone will auction the last bitcoin mined for $1000000.
Someone will buy it and resell for $10000000. ;D Title: Re: what will happen when the last Bitcoin be mined? Post by: jodybay on March 20, 2014, 02:33:28 PM the world will be screw and we are all history ;D
Title: Re: what will happen when the last Bitcoin be mined? Post by: vnvizow on March 20, 2014, 02:45:15 PM Nothing much happens, the last block is just gone, but by then bitcoin will be so rare and valuable miners will continue mining just for fees.
BTW for the people that said we'll be dead by then statistics has show that people this generation are likely to live over 150 |