aleksej.rozhkov
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April 10, 2018, 12:18:48 PM |
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I think that only we influence the fact that bitcoin will live our activity and our interaction with it will respond to us in the future.
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Lucius
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April 10, 2018, 12:37:14 PM |
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I think 120 years is enough time to find a solution to keep BTC alive even when all coins are mined But that is the future which most of us will certainly not be able to see and therefore is quite irrelevant what will happen then.You should focus more on the next 10-15 years because somewhere around year 2032 almost 99% of total BTC supply will be mined-and that 1% will remain for the next 100+ years.Therefore, this "problem" is actually much closer than most thinks,but also this means that at that time(2030) there will be very small amount of fresh mined coins on market,so if demand be significant-price will follow that for sure.
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FlightyPouch
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April 10, 2018, 12:48:14 PM |
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There is a possibility that it can. 21 million is the number of total supply in the world and it will last until hundreds of year to mine all those 21 million. That is lot of amount by the way, it is gettinv harder everyday. If the supply runs out, good luck.
Accurately, it is not 21 million, as you said it is the total supply of Bitcoin and there are millions now in circulation that means 21 will not be mined. 16 million is mined and only 5 million is remaining, there might be a lot of miners in the world but the mining process is getting harder and harder every year, we don't expect it to happen that quickly.
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sergeykravcov177
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April 10, 2018, 12:51:10 PM |
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For some reason it seems to me that only the government if it can stop bitcoin will suspend it forever. Not so simple as it would seem.
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rickyNmorty
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April 10, 2018, 12:55:55 PM |
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No. Bitcoin, just like any other currency, needs circulation in order for it to have a stable value. After 21 million coins are mined, bitcoin should have a balanced abd stable value that needs to be maintained by circulation of the 21 million coins that are mined and are bought. Lastly, as a result, the value is expected to not rise or drop but be stable for a couple of months until it reaches a higher amount kf users.
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angelakrasnova
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April 10, 2018, 12:57:05 PM |
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Bitcoin is free of all currency and it can exist for a long time on its own until the developers themselves change their minds about it.
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natalagerman95
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April 11, 2018, 11:48:12 AM |
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Well, surely the bitcoin is being mined, we have nothing to worry about in the near future because it will still be relevant.
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Dmitry.Vastov
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April 12, 2018, 09:22:28 AM |
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Bitcoin has a limit to the number of tokens it will release. That number is hard-coded at 21 million. The estimated date of Bitcoin issuing its last coin is believed to be in the year 2140. No one can predict what will happen at that point, but miners will always earn some profit from transaction fees. Plus, users of the blockchain and the Bitcoins themselves will be incentivized to protect the network, because if mining stops, Bitcoins become vulnerable and so does the data that has been locked into the blockchain.
Today we r living in the year 2k18 and in this year there is so much fluctuationin the valuation of BTC and people are worring about the year 2140, I think this is the foolishness if someone is thinking about that far future when the BTC will stop being mined and there will be no BTC to be own. First of all, I think this condition is next to impossible and if the worst will happen then alsopeople will get profit, so don't worry and just enjoy your bitcoining.
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Hellobx
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April 12, 2018, 09:45:15 AM |
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I don't think we need to worry about that right now. Because if all of the bitcoins are mined, then I'd like to switch to the POS mechanism,
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Marvelio
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April 12, 2018, 10:10:02 AM |
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the logic is that the more miners will always be added to the supply of bitcoin coins by itself as more and more are interested in the assets or something that is on offer will always increase with the increasing number of needs. if indeed it will happen as you say (depleted coins) will happen the name of inflation with a very high coin prices.
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DMiracle1
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April 12, 2018, 11:09:25 AM Last edit: April 12, 2018, 11:40:31 AM by DMiracle1 |
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As of this time only 20% or 4.2 millions bitcoins remain to be mined. And i am fully confident that bitcoins should become more valuable over time after 21 millions have already been mined. There will be no parallel devaluation. The awarded transaction fees for bitcoin miners will keep the bitcoin system afloat.
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