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Title: The BITCOIN APOCALYPSe!! Post by: VolanicEruptor on April 17, 2014, 02:54:23 AM http://guardianlv.com/2014/04/bitcoin-mining-road-to-riches-for-some-road-to-ruin-for-others/
“Once the last coin has been issued, the Bitcoin mining process will shut down forever because there will be no more fresh Bitcoins to pay the miners with” this guy is really really smart Title: Re: The BITCOIN APOCALYPSe!! Post by: franky1 on April 17, 2014, 03:04:10 AM http://guardianlv.com/2014/04/bitcoin-mining-road-to-riches-for-some-road-to-ruin-for-others/ “Once the last coin has been issued, the Bitcoin mining process will shut down forever because there will be no more fresh Bitcoins to pay the miners with” this guy is really really smart i always love a good Apocalypse story where the readers will infact be dead when it happens... but in bitcoins case it would be from old age and not the event itself Title: Re: The BITCOIN APOCALYPSe!! Post by: blackhathasher on April 17, 2014, 03:09:35 AM pretty sure by 2140 this won't be an issue...
Title: Re: The BITCOIN APOCALYPSe!! Post by: Joshuar on April 17, 2014, 03:11:27 AM pretty sure by 2140 this won't be an issue... Yea, it really shouldn't matter when the last bitcoin will be mined etc. That's not gonna happen for another hundred years and more years..99999x things can happen in that time. Title: Re: The BITCOIN APOCALYPSe!! Post by: hodlmybtc on April 17, 2014, 03:20:53 AM Hehe funny stuff :D
Also this: Quote According to this theory, it should take 136 years to fully deploy the 20,999,999 coins the system is designed to produce under the current rules..if you believe the people at the Bitcoin Foundation, which controls the mining process. Title: Re: The BITCOIN APOCALYPSe!! Post by: Sonny on April 17, 2014, 03:45:26 AM Hehe funny stuff :D Also this: Quote According to this theory, it should take 136 years to fully deploy the 20,999,999 coins the system is designed to produce under the current rules..if you believe the people at the Bitcoin Foundation, which controls the mining process. Oh my...It seems the writer don't know how bitcoin mining works at all... Title: Re: The BITCOIN APOCALYPSe!! Post by: freedomno1 on April 17, 2014, 03:54:15 AM Cough Transaction Fees Cough Cough
Anyways that's not how mining works Although we won't live to see that unless we develop super life enhancing robotics Title: Re: The BITCOIN APOCALYPSe!! Post by: Vod on April 17, 2014, 04:01:21 AM pretty sure by 2140 this won't be an issue... Yea, it really shouldn't matter when the last bitcoin will be mined etc. That's not gonna happen for another hundred years and more years..99999x things can happen in that time. The bitcoin blockchain should reach petabyte size if it gets really popular. :) Title: Re: The BITCOIN APOCALYPSe!! Post by: freedomno1 on April 17, 2014, 04:02:50 AM pretty sure by 2140 this won't be an issue... Yea, it really shouldn't matter when the last bitcoin will be mined etc. That's not gonna happen for another hundred years and more years..99999x things can happen in that time. The bitcoin blockchain should reach petabyte size if it gets really popular. :) Lightweight transactions and blockchain compression hopefully means that downloading the blockchain won't take a YEAR ;D http://utxo.tumblr.com/ Title: Re: The BITCOIN APOCALYPSe!! Post by: Beliathon on April 17, 2014, 04:40:41 AM Although we won't live to see that unless we develop super life enhancing robotics You should take a look at all the robotics companies Google is buying up. Interesting stuff coming in the near future.Title: Re: The BITCOIN APOCALYPSe!! Post by: Bit_Happy on April 17, 2014, 05:00:06 AM Hehe funny stuff :D Also this: Quote According to this theory, it should take 136 years to fully deploy the 20,999,999 coins the system is designed to produce under the current rules..if you believe the people at the Bitcoin Foundation, which controls the mining process. I've been trying so hard to convince everyone the Bitcoin Foundation really does control the mining process. Finally I am proven correct. :D Title: Re: The BITCOIN APOCALYPSe!! Post by: gagalady on April 17, 2014, 08:23:10 AM pretty sure by 2140 this won't be an issue... Yea, it really shouldn't matter when the last bitcoin will be mined etc. That's not gonna happen for another hundred years and more years..99999x things can happen in that time. Yes, 9999x thins can happen in that time and if cryptocurrenciy will succeed, more improved crytpocurrency might be created in that time.. |