Could a syscoin 1.0 wallet that had been left alone be converted to syscoin 2 or did the cutoff date mean that those coins are lost forever?

All of this is simplistic. I don't understand the ecosystem like the experts out there do.
I just wanna know what the plans are for when the block rewards reaches 0.
This opens up a lot of questions.

The calculations below are practically meaningless, as they assume variables to be constant and come from a position of ignorance.
Transaction fees seem to be a small percentage of block rewards.
2.4/12.5 = 19%

Furthermore transaction fees then place a cap on the smallest transaction that makes sense for a person to use.

17173.12/2260 = $7.6 average fee per transaction.


So when the rewards drops to zero the average fee could be $7.6 * (5+1) = $45.6

So at about 1MB blocks and 0 block reward we have a $45.6 minimum to support the current network at current levels.

Does that mean that we'll need bigger blocks to make the network be supported by transactions?


Would at 10MB full blocks that average fee drop to $4.56
and then at 100MB fall to 0.46
and finally at 1GB fall to 5 cents?

At that point the blockchain would be growing at about 144GB per day if the price remains constant.

But if the price went up, fees would go up, so the blocksize would need to go up for fees to remain the same.

This site displays               340      GB               https://etherscan.io/chart/chaindatasizefull
But this site displays          111.71 GB               https://bitinfocharts.com/

Is the chaindata = blockchain size?

Does pruning mean that you don't have every block since the genesis block?

Has the idea of splitting bitcoins ever been discussed before?

Like a stock split where X BTC = X BTC.

Like 1 BTC = 2 BTC.

I understand it is technically meaningless but it would definitely make bitcoin more normal as an everyday currency if buying a chocolate bar cost 2BTC rather than 0.002BTC

I want to send a big thank you to everyone who replied so far. I couldn't expect such a great amount of good responses. I appreciate all perspectives even the ones of the "It's all in your head" persuation.

One could definitely follow the great philosopher Diogenes: https://en.wikipedia.org/wiki/Diogenes

I do love cynicism (the philosophy of living the simple life) (Cynicism comes from the greek root word for dog). Out in nature all my problems seem to melt away. But I don't think I should have to extricate myself from civilization to feel good about how I'm treated by my government and my fellow man.

Now here's something relative to the OP:

The government acts really shady around taxes. Since it's here to serve us, it should make it easy. They already have all the documents they need, they could send us a tax bill that we could dispute if we think it's unfair. 

Instead they make us do our own taxes so that we have to hire middlemen to help us or so that they can catch us on a technicality and scare us into reporting every little thing. Taxes don't have to be so complicated.

I texted "I will" on whether I'll hangout with her soon, trying to keep it vague so I don't actually have to commit to anything.
My life is really hectic right now, and I'm feeling overwhelmed.

Then I typed this: "Or maybe I'll get so depressed my brain will disintegrate into a puddle of loose diarrhea...."

but didn't hit send... I kind of think it's funny but kinda true at the same time. I don't want to scare her though.

Sea level is increasing according to this chart!

Did you learn high school math?

If you did you must remember the concept of slope.

y = mx + b

The BTC per human would be less than 0.003

And that's the maximum from the simplest calculation, (max BTC (21Megacoins)/ pop (7 GigaPeople)).

I think it's very difficult for people to overcome the psychological effect of owning less than 1 basic unit of currency


Maybe we should start counting in satoshis as well. 1 Sat, 1 kiloSat (for 1 thousand) like 1kS.... and so on, using the metric system.


Eventually when we subdivide the satoshi and move the decimal point (if that happens, fingers crossed), we can use cents to divide each into 1 hundred.


The result being that there would be

21MBitcoins * 100M = 21 Hundred Million Million maximum Units of basic currency... Or  about 300k (if my math is correct) for every person on the planet.... if my math is correct.

You are incorrect.

1. You can be anonymous in Bitcoin but your transactions are public.
2. You can buy things using bitcoin as long as someone is willing to sell.


1. As long as you are not connected to your bitcoin account (which unlike a credit card, a paypal or a bank account, no one can force you to be) and you follow certain practices, you are anonymous.

2. The markets just need to expand. 

Is the world slowly turning into a Dystopia?

I think it is, and I think that from where I'm sitting (in the US, a somewhat depressed loser) I'm really isolated from it.

I'm just not buying it that our generation is solving its existential problems.

Climate Change, Corruption, Environmental Degradation, Overpopulation, Declining Health of the populace....

 

The only thing that seems to be advancing is technology and even that seems to be slowing down....



As it is said on ASOIAF/GOT "Winter is coming." reflects my position on our future as a generation.

There is nothing wrong with it.

No-one is getting hurt.

And if you think something is wrong with it.

I don't want to be your friend.

I would gladly exchange it with non-taxability of base property essential for survival.

I would define that as productive and livable land where a citizen can achieve most of their needs.


So basically if you're not doing significant economic activity, you should be free of parasitic systematic obligations.

My rational being that these taxes are more about central control rather than maintaining our society.
Just another way for the powerful to steal from the weak.



Although I quite like UBI and I believe it serves decentralization of authority. When everyone has financial freedom no-one is a slave to another and a society can reach higher levels of freedom.

One that represents our interest.

Something like Decentralitarians or something equally ridiculous.

I'd say most of us here are independent.

What I like is

1. Decentralization
2. Universal Basic Income
3. Untaxable property and reasonable access to property
4. Dissolution of strict zoning laws.
5. Public land with less stupid rules



Thoughts?

That's exactly the myth I'm trying to dispel.

I say that even if you were a millionaire, all that money is worthless. Life (at least where economic freedom is concerned) is rigged.

You should never have had to "invest in bitcoin". You should be able to live freely, whether you are successful or not.

You shouldn't have to "double your money". The government is supposed to be by the people and for the people.

What I'm trying to say, in no uncertain terms is what George Carlin said.


There is a red, blue and white dick that is being jammed up our asses as US citizens. The owners of this country, using their vast fortunes are now re-writing the laws to suit them. We do not live in a government that is controlled by the people, but by the corporations, the financial institutions and their masters.


And the most incredible part is that they do not have to be evil, just incredibly greedy and entrenched into the system.

The truth is that if you have to get into debt, have to, regardless of where you're from, than you have to question whether the country you're living is fair.

You shouldn't have to take a loan to survive. Plain and simple.

or am I wrong?


I've lived in Greece and I never felt poor even when I had no money at all.
Here in the states I've felt poor no matter how much money I had.

It seems like there is always some made up, mandatory expense that I have to pay.

I believe the system is predatory and not built for our benefit but to keep certain middle-men earning money from the middle and working classes to be redistributed among the already rich.

Laws like making it illegal to sleep in your car or to live in public property only make my point for me. It shouldn't be illegal for a person just to stay over at a national park, nor do I believe that national parks or any parks run by a decent government should charge admission fees to the public.

In some places in the United States, homeless people have managed to gain certain rights, in order to survive, but these rights can easily be trampled by police officers and the authorities.


It seems like money and power are carefully regulated so that society's "undesirables" can be easily controlled.

Bitcoin may change that.

I'm just pointing out that, even if you were a millionaire, if you (sic!1)leave in today's system you're poor.

The fact I used to illustrate that is almost irrelevant.

edit: Typo

1. I meant live, not leave

I live and work in the united states. I work part time. I don't make nearly anywhere near $3,000 and I work above minimum wage.

I make (before taxes $9.00) Minimum in my state is $8.25 I think.

After taxes weekly earnings for 5 days a week and 30 something hours comes out to about $200 something dollars.

So about $800-$1000 a month, above minimum wage with about 30 hours per week.

You won't be able to rent a house for under $600 ANYWHERE in the states
 
There are other basic expensives. Let's ballpark food at $300 a month, and let's ballpark gasoline at $60 and car insurance at $185... Let's ballpark health insurance at $100

All are basic costs....

Let's add them up.

(600+300+60+185+100) = $1245.....

So you can't afford the basics and to live anywhere in the United states at 30 hours a week.
Not in 2017 at least....



Bet your 30 hours could get you a nice apartment in New York in the 50s though....

And notice the stuff I left out... Cellphones, Internet Access, Water, Electricity....

Life in the US is rigged by the rich to the point of being nearly unlivable for the working class.



I'll let George Carlin explain that one.

https://www.youtube.com/watch?v=cKUaqFzZLxU

Just look at what a million dollars can get you. A 76 square meter apartment at the capital.

I'm sorry but that doesn't sound like being rich to me. That sounds like massive inflation has happened and we just haven't adjusted yet.


I have more faith in my worthless crypto-tokens over their worthless monopoly money they can print for themselves and their friends.


Fractional reserve masturbation economics don't reach me anymore.

That's something I'd like to look into, can you send me a link?

Edit: Are you referring to Hillary Clinton's book?

Honestly I wouldn't willingly pay money to Hillary and expect truth in return. If I bought it I'd have to pay money to her political rivals, but I'd rather not spend any in this broken system, especially considering how the rich and powerful can outspend me, especially since they hold all the cards.

We all saw how well Bernie did, despite him winning popular support and having more donators. But he kinda sucked too anyway. The last election was just another no-win scenario.

What I get when I try to post a long comment on  YouTube is: "Comment failed to post".

I'm not trying to raise an alarm, but what if the banks or the powers to be, in a last ditch effort to stop the spread of crypto tried to make comments including the word "bitcoin" or similar unable to be posted?

What would you think would happen then?

I won't leave my day-job. In the future we'll all have UBI (Universal Basic Income). The dollar will be worthless and 1 satoshi will probably get you something to eat (if btc is still on top).




So no, I won't leave my day job, my day job will leave me!

As to how many people have left theirs... I don't know.