Bitcoin Forum
May 11, 2024, 03:00:49 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: What happens after every single Bitcoin is mined  (Read 1743 times)
newcoins1978
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
December 22, 2015, 03:43:50 PM
 #21

Hopefully by then mass adoption has happened by the people. If it did then the demand will keep on rising since supply is limited.
Bitcoin will continue to grow in value, higher than we can imagine.

Unless bitcoin dies and everyone just leaves it for what is.
1715439649
Hero Member
*
Offline Offline

Posts: 1715439649

View Profile Personal Message (Offline)

Ignore
1715439649
Reply with quote  #2

1715439649
Report to moderator
1715439649
Hero Member
*
Offline Offline

Posts: 1715439649

View Profile Personal Message (Offline)

Ignore
1715439649
Reply with quote  #2

1715439649
Report to moderator
The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715439649
Hero Member
*
Offline Offline

Posts: 1715439649

View Profile Personal Message (Offline)

Ignore
1715439649
Reply with quote  #2

1715439649
Report to moderator
1715439649
Hero Member
*
Offline Offline

Posts: 1715439649

View Profile Personal Message (Offline)

Ignore
1715439649
Reply with quote  #2

1715439649
Report to moderator
Junko
Legendary
*
Offline Offline

Activity: 1512
Merit: 1000


View Profile
December 22, 2015, 04:05:01 PM
 #22

After every single bitcoin is mined, people of the future will look back at these threads with wonder and amusement and either thank their ancestors (us) for buying bitcoin or curse them for not buying bitcoin.
Hashminers
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
December 22, 2015, 04:06:22 PM
 #23

Price of bitcoin will increase because of the limited supply. Bitcoin will rise so high that only rich people will be able to buy bitcoins.
Tavos
Full Member
***
Offline Offline

Activity: 140
Merit: 100


fastdice.com The Worlds Fastest Bitcoin Dice


View Profile WWW
December 22, 2015, 04:17:48 PM
 #24

I would think it would become more steady as there are no more Bitcoin entering the systems.

RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2408
Merit: 1009


Legen -wait for it- dary


View Profile
December 22, 2015, 05:36:20 PM
 #25

I didn't read the thread so I don't know if this was already said, but this is what will happen.
Transactions have to be high enough to generate enough fees to incentivize the miners to continue mining or Bitcoin will die. Simple as that.

The only option to that is if everything from household appliances to cell phones all just mine to secure the network by default thereby eliminating the need for giant operations for mining and making difficulty a non-issue since the hash power will be so spread out and so large, it just won't matter about the trivial power consumption from each individual household.

Denker
Legendary
*
Offline Offline

Activity: 1442
Merit: 1014


View Profile
December 22, 2015, 06:41:43 PM
 #26

Will the price become more steady or will it continue to fluctuate as it does now?

This will happen in year 2140 or so.
To make a prediction for something which is that far away is almost impossible.
However if Bitcoin would still exist around that I assume it achieved to make the step of being a world currency.This would mean world adoption would have happened and billions of peole are using it.So the volatility wouldn't be as much as now, more the opposite would be the case.And transaction fees would take over the place for reward as there would be many millions of it each day.
Something like that would be a very positive any maybe naive to believe future scenario.

The bad scenario would be that Bitcoin disappeared and something else is in it's position.Therefore more explanations of what will happen regard the last mined BTC is not needed.
BruceLee007
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
December 22, 2015, 07:01:14 PM
 #27

i guess bitcoin would be then a great currency in my opinion the price would be very stable right now and miners would get all the bitcoins from the fees that the senders pay for transactions and not from mining as they get it now though its still a long time to go till this happening
Westant
Member
**
Offline Offline

Activity: 355
Merit: 10


View Profile
December 22, 2015, 07:46:03 PM
 #28

Price of bitcoin will increase because of the limited supply. Bitcoin will rise so high that only rich people will be able to buy bitcoins.

Rich people will be able to buy 1 bitcoin in the future. Poor people will be able to buy milli or micro bitcoins.
gkv9
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000


!!! RiSe aBovE ThE StoRm !!!


View Profile
December 22, 2015, 10:28:35 PM
 #29

Either it will get completely accepted in the world and will get used as a currency itself with its own monetary value, or else we might witness the end of this never-ending technology...

Westant
Member
**
Offline Offline

Activity: 355
Merit: 10


View Profile
January 17, 2016, 11:32:10 AM
 #30

Either it will get completely accepted in the world and will get used as a currency itself with its own monetary value, or else we might witness the end of this never-ending technology...

I think the bitcoin will not end after all. It will evolve all the time. It can fork into several coins, all with the advanced features.
Pages: « 1 [2]  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!