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Question: any chance bitcoin will die after Unmineable ..?
Yes - 4 (18.2%)
No - 14 (63.6%)
it's posible - 4 (18.2%)
Total Voters: 22

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Author Topic: any chance bitcoin will die after Unmineable ..?  (Read 1473 times)
uncaer9 (OP)
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March 17, 2016, 06:37:11 AM
 #21

after bitcoin unmineable the miner will stop his mining,

Why?  Won't he want the transaction fees?

then the network of bitcoin will be down,

Why?  Can't I just run my own miner if I want my transaction to confirm?

each transaction will require a very long time to reach 1confirmation,

Why?  Shouldn't the difficulty adjust automatically so that blocks still occur on average every 10 minutes?

or need highest fee.

Why?  Won't there still be at least 1 MB of space available in the blocks?  If nobody is using it, then should my transaction confirm in the next block (since it is the only transaction)?

so the bitcoin user will be use other payment gateway, and bitcoin will be die..

this might happen in the future... ?

That's a whole lot of nonsense and FUD you put in that post.
+1
Thank's for your explanation, it's make me still trust bitcoin for future Smiley

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aardvark15
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March 19, 2016, 01:52:30 AM
 #22

I think there is a chance that it will die as bitcoin gets harder to mine.  I also wonder if the fees will get too high.  The good news is that will be well into the future after we're long gone.
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March 19, 2016, 11:44:07 AM
 #23

No such issues will arise when bitcoin becomes unmineable. The reason is the mined coins will be in circulation. With this the miners will earn on each transactions.

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BTCBinary
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March 19, 2016, 03:44:57 PM
 #24

If bitcoin goes down it will be for another issue and not because minng will end. Once new coins issuance is finished mining will still be going on, but instead of mining new coins, miners will be receiving the fess.
ebookscreator
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March 19, 2016, 06:51:32 PM
 #25

Bitcoin will won't die and i think it will increase more after halving and they can start mining aswell ..just wait for halving mining will be profitable after halving..

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JasonXG
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March 19, 2016, 10:11:11 PM
 #26

There so many transactions going on world web every second and someone needs to process this so mining will always be around. You should learn about bitcoin because you don't seem to understand. The mining and blockchain facilitates bitcoins everywhere. So instead of a central bank each and every miner contributes to it. It's a joined effort.
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March 21, 2016, 07:53:41 AM
 #27

Mining reward is just a part of bitcoin mining and it is not completely the core part of bitcoin ecosystem to dependent for 100% existence. The present mining reward for miners has two parts: block reward + transaction fees.

Block reward will keep on increasing with every halving.
The amount of transaction fees will increase with the bitcoin popularity and the value of transaction fees will keep on increasing when bitcoin prices go up.

So, there is no problem for the miner at any point of time like block reward goes to zero or all the bitcoin are getting mined out.
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March 21, 2016, 08:40:40 AM
 #28

Mining will already be low by 2030, so better worry about that, but i dont think it will.

By that time the transaction fees will be enough, the price can easily be 5000-10000$  by then.
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March 21, 2016, 08:52:35 AM
 #29

U.S. Dollar is unmineable but it's still strong..?
i think in future bitcoin more stronge than today, after unmineable, we will know the real rate for bitcoin.
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March 21, 2016, 10:04:03 AM
 #30

When bitcoin becomes unmineable the miners are the one who gets affected more. To avoid such situation bitcoin transactions will be made little high than the present.

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March 21, 2016, 02:45:05 PM
 #31

U.S. Dollar is unmineable but it's still strong..?
i think in future bitcoin more stronge than today, after unmineable, we will know the real rate for bitcoin.

it's printable which is the same thing, or digial printable, they can just with a few click magically create numbers on your bank account, which is worse than mining, because there is no fixed cap
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