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Author Topic: Bitcoin's Fate In 2140  (Read 3167 times)
poelling92
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November 19, 2015, 12:48:43 AM
 #61

Bitcoin is already widely adopted, so the giant community will keep the system running and functioning. Maybe not as easily as today, but with a big enough community, the transaction fees will be high enough for miners to keep on doing their thing.

I've always been an optimist about the fate of Bitcoin , this seems to me preferable to the first scenario. At the same time, 2140 is still very far away from us who can say with certainty what awaits us ...
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November 19, 2015, 07:06:32 PM
 #62

Bitcoin will have big, but i mean BIG adoption till that time and miners will be happy to mine for fees reward. Till that time USD, EUR and rest of fiat will be only numismatic assets.

It has a big probability that Bitcoin become something really big, but for sure there will ever be some fiat money, maybe back to gold or silver system to prevent a too massive inflation, but it will never die.
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November 19, 2015, 08:15:07 PM
 #63

Bitcoin will have big, but i mean BIG adoption till that time and miners will be happy to mine for fees reward. Till that time USD, EUR and rest of fiat will be only numismatic assets.

It has a big probability that Bitcoin become something really big, but for sure there will ever be some fiat money, maybe back to gold or silver system to prevent a too massive inflation, but it will never die.

fiat currency will always exist. bitcoin doesn't need fiat to vanish or vice versa. they can perfectly co-exist together. no matter what, bitcoin will have a great future.
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November 20, 2015, 09:18:30 AM
 #64

It has a big probability that Bitcoin become something really big, but for sure there will ever be some fiat money, maybe back to gold or silver system to prevent a too massive inflation, but it will never die.

The bitcoin is bigger than all the rest digital coins added up. It is still being developed, it will not die soon. If it does die, that is because the community cannot reach consensus on many issues. It will be killed by its users and developers. I hope bitcoin 2.0 will replace it if it dies eventually.
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November 20, 2015, 10:21:23 AM
 #65

I'll probably be dead by then

But hopefully by the time the world even gets to 2140 bitcoin would be a worldwide success

and 5 times the people are using bitcoin on a daily basis
quentincole32
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December 02, 2015, 11:38:09 AM
 #66

So, everyone knows that there will be no more block rewards when we reach ~2140. But what do you guys think will happen after?

I personally visualise 2 possibilities:

- Bitcoin is already widely adopted, so the giant community will keep the system running and functioning. Maybe not as easily as today, but with a big enough community, the transaction fees will be high enough for miners to keep on doing their thing.

-Bitcoin has a small community, much like today, and starts to crumble without support of miners, and mining fees will become huge, and so the users will leave. Bitcoins will be left in the transaction pool, and the Bitcoin ecosystem will come to a halt.


Are there any possibilities I might have missed? What do you guys think?
its like guess my destiny for next 10 year,but however that possibilities is make sense. i hope the first option will become bitcoin fate.
Bitcoin is already widely adopted, so the giant community will keep the system running and functioning. Maybe not as easily as today, but with a big enough community, the transaction fees will be high enough for miners to keep on doing their thing.

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