Bitcoin Forum
June 14, 2024, 06:55:54 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: What will happen to Bitcoin year after 2140 ?  (Read 3477 times)
BilalHIMITE (OP)
Full Member
***
Offline Offline

Activity: 159
Merit: 100


View Profile
June 02, 2015, 09:08:31 PM
 #1

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  Undecided Undecided !!!!
JohnnyBTCSeed
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1000



View Profile
June 02, 2015, 09:12:06 PM
 #2

Maybe by then Bitcoin will be merge mined with Ixcoin.  Shocked


Ixcoin is the first copy of Bitcoin, and minted its last coin 8-9 months ago Wink
BilalHIMITE (OP)
Full Member
***
Offline Offline

Activity: 159
Merit: 100


View Profile
June 02, 2015, 09:15:04 PM
 #3

It means the miners are paid pure by transaction fees, so there will still be rewards and still be miners.
i think that there will be a few Miners (possibly no miners) cause the reward per block is small
pedrog
Legendary
*
Offline Offline

Activity: 2786
Merit: 1031



View Profile
June 02, 2015, 09:30:26 PM
 #4

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.

ticoti
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1000


View Profile
June 02, 2015, 09:32:24 PM
 #5

It means the miners are paid pure by transaction fees, so there will still be rewards and still be miners.
i think that there will be a few Miners (possibly no miners) cause the reward per block is small
As everything,it will adjust with time

Or maybe bitcoin is so valuable and used that it is worth to mine  Grin
NorrisK
Legendary
*
Offline Offline

Activity: 1946
Merit: 1007



View Profile
June 02, 2015, 09:35:11 PM
 #6

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 Wink
achow101
Staff
Legendary
*
Offline Offline

Activity: 3430
Merit: 6704


Just writing some code


View Profile WWW
June 02, 2015, 09:37:21 PM
 #7

That is pure speculation, by the time this happens the blocks will be halved and halved and the rewards from fees won't be too much of a change. The idea is that Bitcoin will be worth much more then and if it isn't difficulty should adjust to keep someone interested.
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.

neurotypical
Hero Member
*****
Offline Offline

Activity: 672
Merit: 502


View Profile
June 02, 2015, 10:31:32 PM
 #8

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.
BADecker
Legendary
*
Offline Offline

Activity: 3822
Merit: 1373


View Profile
June 02, 2015, 11:13:04 PM
 #9

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?

Smiley

Cure your cancer at home. Ivermectin, fenbendazole, methylene blue, and hydroxychloroquine (HCQ) are chief among parasite drugs. Find out that all disease is based in parasites or pollution, and what you can easily do about it - https://www.huldaclark.com/, https://thedrardisshow.com/, https://thehighwire.com/.
QuestionAuthority
Legendary
*
Offline Offline

Activity: 2156
Merit: 1393


You lead and I'll watch you walk away.


View Profile
June 02, 2015, 11:48:04 PM
 #10

Why? Are you planning on living 150 years?

jeannemadrigal2
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250



View Profile
June 03, 2015, 12:07:00 AM
 #11

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?
pitham1
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


View Profile
June 03, 2015, 12:49:39 AM
 #12

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 ?

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.

MicroGuy
Legendary
*
Offline Offline

Activity: 2506
Merit: 1030


Twitter @realmicroguy


View Profile WWW
June 03, 2015, 01:35:55 AM
 #13

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 Wink
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.
dollarneed
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
June 03, 2015, 02:37:07 AM
 #14

all we know that bitcoin is deflation from time to time Cheesy 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 Cheesy
pooya87
Legendary
*
Offline Offline

Activity: 3486
Merit: 10641



View Profile
June 03, 2015, 03:43:40 AM
 #15

100 years ago we were using 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.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
ScreamnShout
Full Member
***
Offline Offline

Activity: 206
Merit: 100


View Profile
June 03, 2015, 03:55:40 AM
 #16

Probably it will be switched to proof of stake  Wink
alch1mista
Sr. Member
****
Offline Offline

Activity: 455
Merit: 251


blockchain longa, vita brevis


View Profile
June 03, 2015, 03:57:10 AM
 #17

Did you mean

I wonder what would happen to Bitcoin after the year 2014?

Lol, probably it will die, soon or later Smiley

Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.
trademark
Legendary
*
Offline Offline

Activity: 1932
Merit: 1003


View Profile
June 03, 2015, 04:31:33 AM
 #18

Who cares. We'll all be dead. 
crazyivan
Legendary
*
Offline Offline

Activity: 1652
Merit: 1007


DMD Diamond Making Money 4+ years! Join us!


View Profile
June 03, 2015, 04:41:51 AM
 #19

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

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
Amph
Legendary
*
Offline Offline

Activity: 3206
Merit: 1069



View Profile
June 03, 2015, 07:26:16 AM
 #20

Who cares. We'll all be dead.  

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
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!