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madzooka
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February 19, 2014, 01:37:21 PM |
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That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
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Bytecoin (BCN) - true anonymity, privacy protection and only CPU-mining
Bytecoin address - 21eQrEa2wVcdnf8viyaDu78anS4aX3Kvqiyidan25UBCWRokFoTpAHk6hduLR1oBeJ7Map75dCQv4an r2meEiH4wKc1tbQh
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hilariousandco
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Join the world-leading crypto sportsbook NOW!
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February 19, 2014, 01:59:20 PM |
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That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined. |
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Sheldor333
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February 19, 2014, 02:22:23 PM |
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Some people will mine for transactions fees or there will be some people who will do just that, that is companies. Who knows, we can't know for sure that we know as well that we won't live to see it.
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JimboToronto
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You're never too old to think young.
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February 19, 2014, 03:28:51 PM |
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That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined. Around 2140 all satoshis will be mined. The last whole BTC will be mined by 2040. I'm 65 years old and I might even be still alive in 2040. |
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Holliday
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February 19, 2014, 05:07:11 PM |
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By then Bitcoin will be successful or a failure. I doubt it will only be a niche thing at that point. If it's successful, there will be millions of transactions fighting to be included in a block. Miners will be fine. If it is a failure (replaced by something else), well... who cares about how Bitcoin miners get paid?  |
If you aren't the sole controller of your private keys, you don't have any bitcoins.
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Raya
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February 19, 2014, 05:30:15 PM |
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That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined. Around 2140 all satoshis will be mined. The last whole BTC will be mined by 2040. I'm 65 years old and I might even be still alive in 2040. It's 2140 not 2040 so a lot of us will not be alive. |
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Holliday
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February 19, 2014, 08:32:59 PM |
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That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined. Around 2140 all satoshis will be mined. The last whole BTC will be mined by 2040. I'm 65 years old and I might even be still alive in 2040. It's 2140 not 2040 so a lot of us will not be alive. You failed to read the post you've quoted, didn't you? |
If you aren't the sole controller of your private keys, you don't have any bitcoins.
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Cryptopher
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Keep it dense, yeah?
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February 19, 2014, 08:47:49 PM |
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It's a fair question, I think that some people will pay larger fees to get their transaction processed - or perhaps the value of Bitcoin will be much higher.
It's an interesting thought.
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Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT |
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Kiki112 (OP)
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February 19, 2014, 08:52:49 PM |
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That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined. Around 2140 all satoshis will be mined. The last whole BTC will be mined by 2040. I'm 65 years old and I might even be still alive in 2040. It's 2140 not 2040 so a lot of us will not be alive. I feel you didn't read the post  |
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techgeek
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February 19, 2014, 09:02:57 PM |
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I have no idea, let me know when you get there  |
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mprep
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In a world of peaches, don't ask for apple sauce
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February 19, 2014, 09:17:03 PM |
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That's interesting to read different opinions about miners's future, furthermore I have another question - How long will it take to generate all the coins to hit 21m bitcoins?
Around 2140 all coins will be mined. Around 2140 all satoshis will be mined. The last whole BTC will be mined by 2040. I'm 65 years old and I might even be still alive in 2040. It's 2140 not 2040 so a lot of us will not be alive. I feel you didn't read the post Or maybe he just isn't wise. Anyways, since it decreases by half constantly, we won't really see the difference. The fees will slowly grow. |
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MakeBelieve
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February 19, 2014, 09:27:58 PM |
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Imagine being the person to mine the last remaining Bitcoin I would keep that Bitcoin for the rest of my life just for a collectors thing.
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On a mission to make Bitcointalk.org Marketplace a safer place to Buy/Sell/Trade
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Kiki112 (OP)
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February 20, 2014, 02:04:17 PM |
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Imagine being the person to mine the last remaining Bitcoin I would keep that Bitcoin for the rest of my life just for a collectors thing.
how would you know which one of your coins is the last one? will you put a bell on it or something |
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Baitty
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February 20, 2014, 02:10:24 PM |
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Imagine being the person to mine the last remaining Bitcoin I would keep that Bitcoin for the rest of my life just for a collectors thing.
how would you know which one of your coins is the last one? will you put a bell on it or something DING DING DING! You are the winner! |
Currently held as collateral by monbux
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boomertoo
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February 20, 2014, 02:20:32 PM
Last edit: February 20, 2014, 02:57:03 PM by boomertoo |
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OK so there is an x factor!
Once the bitcoin becomes more of a mainstream medium for commerce it will
create exponential transaction explosion. This will in turn lead to increased block transactions wich leads to more
rewards wich leads to reaching the 21 million mark at a more accelerated time frame. When well thats still a speculative guess at best. So the main point here is that the current growth of the market cap (float) is largely a product of investors hoarding or trading bitcoin. This is infinitesimal compared to the bitcoin as currency being used in mainstream commerce.
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yatsey87
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February 20, 2014, 02:31:32 PM |
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OK so there is an x factor!
Once the bitcoin becomes more of a mainstream medium for commerce it will
create exponential transaction explosion. This will in turn lead to increased block transactions wich leads to more
rewards wich leads to reaching the 21 million mark at a more accelerated time frame. When well thats still a speculative guess at best. So the main point here is that the current growth of the market cap (float) is largely a product of investors hoarding or trading bitcoin. This is infinitesimal compared to the bitcoin as currency being used in mainstream commerce.
1G3GHKcr3C5XiHVPZ9i4EQ6Zshv8E1UEdf
What's your wallet address got to to with this? lol. Just put it in your signature. |
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Kiki112 (OP)
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February 20, 2014, 08:12:15 PM |
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OK so there is an x factor!
Once the bitcoin becomes more of a mainstream medium for commerce it will
create exponential transaction explosion. This will in turn lead to increased block transactions wich leads to more
rewards wich leads to reaching the 21 million mark at a more accelerated time frame. When well thats still a speculative guess at best. So the main point here is that the current growth of the market cap (float) is largely a product of investors hoarding or trading bitcoin. This is infinitesimal compared to the bitcoin as currency being used in mainstream commerce.
1G3GHKcr3C5XiHVPZ9i4EQ6Zshv8E1UEdf
What's your wallet address got to to with this? lol. Just put it in your signature. wow didn't know people on the internet can listen to reason he has putten it in his signature |
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HorseCoin
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February 22, 2014, 04:02:28 PM |
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nah. HorseCoin will rule from 2100-2140. while people sweep up the few remaining bitcoins
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Kiki112 (OP)
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February 22, 2014, 05:32:20 PM |
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nah. HorseCoin will rule from 2100-2140. while people sweep up the few remaining bitcoins
no, maybe FuckYouBitcoinWillRuleCoin is going to be better |
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Nezinau
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February 22, 2014, 09:02:02 PM |
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hahah, good coins guys xD
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