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Author Topic: Bitcoin halving to be canceled?  (Read 33689 times)
Betwrong
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July 05, 2016, 07:14:26 AM
 #541

Bitcoin halving is for real and cant be cancelled so if you think he would be canceled because the miners are goint so fast that it is not profitable for others.
yes it was all arranged and scheduled in detail. when the miners had reached a certain figure then halving will happen. you can see here http://www.bitcoinblockhalf.com/. The remaining approximately 5 days.

Thanks for that link! It was nice to see that the Market capitilzation (USD)=$10,697,019,219.00. Wow! That's a lot. For some reasons I've never thought the number would be so big. Well, I know it's "Total Bitcoins in circulation" multiplied by "Bitcoin price (USD)" but I thought the number will be lower because I remember it from times when Bitcoion was below $300 I guess.

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Iceborn
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July 05, 2016, 07:28:30 AM
 #542

I dont think such a thing can be canceled you know. There are allot of people who want to cancel the halving but when it happend it needs
to happen and you cant to anything about it then.
jeremy grol
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July 05, 2016, 10:41:48 AM
 #543

Few days till halv! Let's ride bitcoin
Cozynunu
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July 05, 2016, 02:12:33 PM
 #544

What?

Who has the most power over Bitcoin? Right, these are mining pools. Who is most interested in preserving the current block reward? The same mining pools...



Who gives a fuck what the pools do, it's what the miners do.

I see a .000000000000000000000000000000000000000000000000000000000000000000000000000000 00000001% chance miners agree to risk the value of bitcoin and change the 21 mill target.
The halvung of the bitcoin cant be canceled because it will happen when we reach the half amount of bitcoins you know so we want to get it cancelled but we cant let it cancelled
So if you think the halving wil be cancelled i say sorry that is not true.
kik1977
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July 05, 2016, 09:21:20 PM
 #545

Bitcoin halving is true and it will happen it cant be cancelled becasue there are so many people mining these days there need to come a halving only big companys will mine further.

No, the halving will not be canceled because "there are so many people mining these days there need to come a halving only big companys will mine further".
It can't be canceled because it's one of the fundamental principles of Bitcoin, i.e. a finite amount, and a rule written in the code itself. Changing the rule would destroy what Bitcoin is.

We are like butterflies who flutter for a day and think it is forever
kik1977
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July 05, 2016, 09:23:23 PM
 #546

Bitcoin halving is for real and cant be cancelled so if you think he would be canceled because the miners are goint so fast that it is not profitable for others.
yes it was all arranged and scheduled in detail. when the miners had reached a certain figure then halving will happen. you can see here http://www.bitcoinblockhalf.com/. The remaining approximately 5 days.

The "certain figure" is every 210.000 blocks.

We are like butterflies who flutter for a day and think it is forever
freedomgo
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July 06, 2016, 04:52:57 AM
 #547

Bitcoin halving is true and it will happen it cant be cancelled becasue there are so many people mining these days there need to come a halving only big companys will mine further.

No, the halving will not be canceled because "there are so many people mining these days there need to come a halving only big companys will mine further".
It can't be canceled because it's one of the fundamental principles of Bitcoin, i.e. a finite amount, and a rule written in the code itself. Changing the rule would destroy what Bitcoin is.
You are extremely right, instead we should just ride with the halving and do things on what we believe to benefits from this awaited event, if you are not mining into mining it would not affect to you because it will be on your favor when time comes, I am talking on the investors.

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romero121
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July 06, 2016, 07:22:23 AM
 #548

What?

Who has the most power over Bitcoin? Right, these are mining pools. Who is most interested in preserving the current block reward? The same mining pools...



Who gives a fuck what the pools do, it's what the miners do.

I see a .000000000000000000000000000000000000000000000000000000000000000000000000000000 00000001% chance miners agree to risk the value of bitcoin and change the 21 mill target.
The halvung of the bitcoin cant be canceled because it will happen when we reach the half amount of bitcoins you know so we want to get it cancelled but we cant let it cancelled
So if you think the halving wil be cancelled i say sorry that is not true.

Well said, at the same we can't say exactly that halving occurs because bitcoin is full of unexpected happenings. During the past halving none know something gonna happen and give all good earning. Based upon the past everyone expect for a halving. For this reason I believe anything could happen with the coming days.

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Galiatram
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July 06, 2016, 07:51:25 AM
 #549

How much i hope taht would happenn that cant happen because the halving is almost there and taht is becuase we will reach the half amount of the bitcoins and that
will cause allot of problems we dont know yet what will come.
kik1977
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July 06, 2016, 09:32:38 AM
 #550

What?

Who has the most power over Bitcoin? Right, these are mining pools. Who is most interested in preserving the current block reward? The same mining pools...



Who gives a fuck what the pools do, it's what the miners do.

I see a .000000000000000000000000000000000000000000000000000000000000000000000000000000 00000001% chance miners agree to risk the value of bitcoin and change the 21 mill target.
The halvung of the bitcoin cant be canceled because it will happen when we reach the half amount of bitcoins you know so we want to get it cancelled but we cant let it cancelled
So if you think the halving wil be cancelled i say sorry that is not true.

...at the same we can't say exactly that halving occurs because bitcoin is full of unexpected happenings...

You must be joking. Can't you guys just educate yourself about bitcoin (since you are in a bitcoin forum) and stop writing useless nonsense?

We are like butterflies who flutter for a day and think it is forever
yhansky
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July 06, 2016, 10:06:01 AM
 #551

4 more days and the most awaited bitcoin halving will be happen.
I saw some article on facebook that before halving bitcoin will reached 3000$.
deisik (OP)
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July 06, 2016, 10:08:06 AM
 #552

4 more days and the most awaited bitcoin halving will be happen.
I saw some article on facebook that before halving bitcoin will reached 3000$.

The time is running out, so what are you waiting for? Sell your home, buy Bitcoin

GregH37
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July 06, 2016, 11:35:47 AM
 #553

I dont think such a thing can be canceled you know. There are allot of people who want to cancel the halving but when it happend it needs
to happen and you cant to anything about it then.

there is no one who need to cancel bitcoin halving.. the OP is just shared a thought which may be right or may be wrong..
Personally I think halving can't be canceled, the halving is fixed and it will happen for sure. but we can talk about bitcoin price. I mean peoples are saying that bitcoin price will grow up at the time of halving. but no one is sure. so we can say the same thing about bitcoin price. bitcoin price won't increase at the time of halving..
Let's see.
kik1977
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July 06, 2016, 02:41:59 PM
 #554

the OP is just shared a thought which may be right or may be wrong..
Not really. It's simply wrong, full stop.


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deisik (OP)
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July 06, 2016, 03:02:10 PM
 #555

the OP is just shared a thought which may be right or may be wrong..
Not really. It's simply wrong, full stop

So you insist that under no circumstances Bitcoin halving could be (have been) canceled?

bitcoinisfurture
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July 06, 2016, 03:05:48 PM
 #556

haha just thought OP - Lets create some thread and created this of halving to be cancelled. So OP do you still feel now it would be cancelled?
lienfaye
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July 06, 2016, 03:08:57 PM
 #557

4 more days and the most awaited bitcoin halving will be happen.
I saw some article on facebook that before halving bitcoin will reached 3000$.
Yes few more days and halving are just right there i save enough bitcoin for that time and hoping to atleast gain more coins. looking forward to that.

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deisik (OP)
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July 06, 2016, 03:14:59 PM
Last edit: July 06, 2016, 03:53:11 PM by deisik
 #558

haha just thought OP - Lets create some thread and created this of halving to be cancelled. So OP do you still feel now it would be cancelled?

I think you you'd better go and read the whole thread. And yes, I answered that question (as you mean it) as well as had given the rationale for halving, well, to be (or not to be) canceled

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July 06, 2016, 05:25:32 PM
 #559

the OP is just shared a thought which may be right or may be wrong..
Not really. It's simply wrong, full stop

So you insist that under no circumstances Bitcoin halving could be (have been) canceled?

Short reply: yes, I insist.
More elaborated reply: technically, it would be possible to modify the code and cancel the halving, although then this new code should be adopted by miners. And although this could have theoretically a short term incentive for them, keeping the reward at 25, it would almost immediately put them out of business. People are buying bitcoins on the assumption that there will be a finite amount of currency in circulation. This is what gives them value. Cancelling the halving would transform bitcoin in an infinite currency, and nobody wants another one. So, to sum it up, miners would never opt in for such a change of rules.

Hope it makes sense Smiley

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July 06, 2016, 05:50:20 PM
 #560

the OP is just shared a thought which may be right or may be wrong..
Not really. It's simply wrong, full stop

So you insist that under no circumstances Bitcoin halving could be (have been) canceled?

Short reply: yes, I insist

So you don't even admit the possibility of being wrong? What if you just don't know something or, which is even worse, know something which is not what you think it is?

"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so"

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