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Author Topic: What will happen to Bitcoin year after 2140 ?  (Read 3477 times)
Amph
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June 04, 2015, 02:59:25 PM
 #41

I am curious why you chosen 2140  Grin 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.

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

it's because there will be no more halving, and we will enter the fees era
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June 04, 2015, 03:01:44 PM
 #42

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.

I used to be a citizen and a taxpayer. Those days are long gone.
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June 04, 2015, 03:18:23 PM
 #43

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 !!!!

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.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 04, 2015, 03:22:28 PM
 #44

I am curious why you chosen 2140  Grin 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.

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

it's because there will be no more halving, and we will enter the fees era
You didn't understand his question. He was asking why. "Why won't the last halving be in 2240? "
Do you understand now?

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.
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.

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June 04, 2015, 03:24:04 PM
 #45

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.
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.


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manselr
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June 04, 2015, 03:42:54 PM
 #46

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.
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.
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June 04, 2015, 03:52:41 PM
 #47

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

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June 04, 2015, 04:11:28 PM
 #48

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 !!!!

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
Amph
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June 04, 2015, 04:50:30 PM
Last edit: June 04, 2015, 05:04:22 PM by Amph
 #49

I am curious why you chosen 2140  Grin 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.

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

it's because there will be no more halving, and we will enter the fees era
You didn't understand his question. He was asking why. "Why won't the last halving be in 2240? "
Do you understand now?

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...
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June 04, 2015, 05:13:25 PM
 #50

I am curious why you chosen 2140  Grin 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.

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

it's because there will be no more halving, and we will enter the fees era
You didn't understand his question. He was asking why. "Why won't the last halving be in 2240? "
Do you understand now?

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  Smiley

R


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June 04, 2015, 05:19:01 PM
 #51

Quote
What will happen to Bitcoin year after 2140 ?

What will happen to this planet after 2140? Tongue

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 !!!!

Are you human? you will dead Cheesy

idk, maybe bitcoin price will $10000000/BTC Cheesy


~iki
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June 04, 2015, 05:32:44 PM
 #52

I am curious why you chosen 2140  Grin 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.

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.
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June 04, 2015, 05:37:39 PM
 #53

I am curious why you chosen 2140  Grin 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.

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  Smiley
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.

R


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████████████████
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QuestionAuthority
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June 04, 2015, 06:16:35 PM
 #54

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 !!!!

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.

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.

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June 04, 2015, 07:12:06 PM
 #55

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.

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.

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June 04, 2015, 08:17:20 PM
 #56

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

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.
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June 04, 2015, 08:25:48 PM
 #57

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".

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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June 04, 2015, 09:35:20 PM
 #58

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

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.
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June 04, 2015, 09:55:00 PM
 #59

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.
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June 04, 2015, 11:26:12 PM
 #60

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?
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