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Author Topic: The world after the last bitcoin is mined  (Read 178 times)
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October 30, 2020, 06:27:49 AM
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Coin's what makes for a long-term investment in the future 🙏💪
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October 30, 2020, 07:14:02 AM
 #22

Today the world is changing very quickly, and it is difficult to predict what will happen in the next 5-10 years. Regulators are increasingly pulling the blanket over themselves, and society is increasingly unhappy with this. If you look at how difficult it is today to maintain your privacy and anonymity, since there are so many monitoring bodies, to fantasize that one day the government will surrender and Bitcoin will remain decentralized, in my opinion, this is useless.
Perhaps in the future, there will be some common points for the adoption of bitcoins all over the world, this would be a good start for the adoption of not only cryptocurrencies but also putting things in order in all world politics.





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October 30, 2020, 12:05:32 PM
 #23

Very soon the last bitcoin will be mined and even after that Bitcoin will still remain decentralized.Then some changes can be seen like  increasement of price.Probably it will be the golden time for the bitcoin.

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October 30, 2020, 12:21:32 PM
 #24

Very soon the last bitcoin will be mined and even after that Bitcoin will still remain decentralized.Then some changes can be seen like  increasement of price.Probably it will be the golden time for the bitcoin.

Very soon? Really? The last Bitcoin will be mined sometime in 2140. That is 120 years form now, and by that time none of us will be alive. So there is no need to lose your sleep over it. For the next 4 years, the block reward will remain consistent, and I hope we will be witnessing a lot of revolutionary changes. So don't worry too much about the fee, the community will eventually find a solution.

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October 30, 2020, 12:49:34 PM
 #25

Very soon the last bitcoin will be mined and even after that Bitcoin will still remain decentralized.Then some changes can be seen like  increasement of price.Probably it will be the golden time for the bitcoin.

Very soon? Really? The last Bitcoin will be mined sometime in 2140. That is 120 years form now, and by that time none of us will be alive. So there is no need to lose your sleep over it. For the next 4 years, the block reward will remain consistent, and I hope we will be witnessing a lot of revolutionary changes. So don't worry too much about the fee, the community will eventually find a solution.

2140 is a long year. this gives me a relief because im scared to find out what will happen to btc when all supply are mined but it also gives me a bad feeling at the same time because that is 120 years from now and i dont think we are going to reached that year , sorry for being negative but i guess that is the reality ? nothing wrong if we faced it  .

 where did you get the 4 year prediction ?but 4years is long enough and there must be some changes that we feel within that span . never see him complain on the fee but he means to say increase in the price of btc .

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October 30, 2020, 03:53:02 PM
 #26

What makes Bitcoin/crypto unique is its decentralization and features. If you centralized it and ruin its features, people will still be forced to create a decentralized crypto when they suffer the consequences of centralization... creating a well decentralized cryptocurrency will become necessary and important again.
People need to always remind themselves why Bitcoin was invented in the first place. They must not go to sleep and let it  be captured.
There should be set boundaries that must not be crossed to keep it well decentralized as long as possible.



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October 30, 2020, 04:51:53 PM
 #27

When this question was asked, the thing that always comes to my mind are the asymptotes in mathematics, these are the the lines that continually approaches a curve but will not meet in any distance, that means that through the bitcoin halving rewards, there will still be a reason for people to trust bitcoin as miners will still continue to confirm transactions even if the very last block of bitcoin was achieved.

Just imagine, miners are mining since they could mine bitcoins that they will sell for them to pay their electricity bill, they also receive transaction fees, and sooner or later, transaction fees alone will be enough for them to pay their bills because, over time, bitcoin's market price will be so valuable.

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October 30, 2020, 11:31:20 PM
 #28

Very soon the last bitcoin will be mined and even after that Bitcoin will still remain decentralized.Then some changes can be seen like  increasement of price.Probably it will be the golden time for the bitcoin.

Very soon? Really? The last Bitcoin will be mined sometime in 2140. That is 120 years form now, and by that time none of us will be alive. So there is no need to lose your sleep over it. For the next 4 years, the block reward will remain consistent, and I hope we will be witnessing a lot of revolutionary changes. So don't worry too much about the fee, the community will eventually find a solution.
I think he had no idea about the last bitcoin to be mined. This is the reason why we should back track a little bit before we reply in every thread so that we will not be an ignorant to others. Anyway, the last bitcoin will be mined by 2140 because of the mining difficulty. Each four year that will pass will have the bitcoin halving. Therefore, we are all die once the last bitcoin will be mined. By that time, miners are going to deduct the transactions to the fees.

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October 30, 2020, 11:40:28 PM
 #29

Today the world is changing very quickly, and it is difficult to predict what will happen in the next 5-10 years. Regulators are increasingly pulling the blanket over themselves, and society is increasingly unhappy with this. If you look at how difficult it is today to maintain your privacy and anonymity, since there are so many monitoring bodies, to fantasize that one day the government will surrender and Bitcoin will remain decentralized, in my opinion, this is useless.
Perhaps in the future, there will be some common points for the adoption of bitcoins all over the world, this would be a good start for the adoption of not only cryptocurrencies but also putting things in order in all world politics.
I loved the point of putting in order the world politics. Surely this will happen in future through the blockchain technology and the adoption of bitcoin into governance. When something is transparent, automatically things will happen on time as well as in an orderly manner than skipping procedures getting bribe. However the monitoring bodies will serve as supervisors to keep the system clean.

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October 30, 2020, 11:41:31 PM
 #30

Fully mined bitcoin doesn't mean it will be centralized. Still, you will be the owner of that amount you are holding and you can transfer funds without a centralized third party. That means bitcoin is decentralized forever. I am sure we will not alive during that time, we don't know if bitcoin exists till 2140. Who knows if bitcoin replace by some other currency. But stay sure, it will be decentralized if exist.
I'm not getting why bitcoin has to be centralized if everything were all mined. Apologies but I just don't understand the logic behind it. Bitcoin is meant to be centralized at the date of its programming, up until now that it is the biggest coin in the market. And besides, it's not like you'd run out of transactions soon as every bitcoin is mined, transactions will still be there.

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October 31, 2020, 04:55:32 PM
 #31

I'm still confuse why these arguments, I would have been feared if the whole system will crash down immediately the whole bitcoin is mined out, become centralized and price manipulated, but the answer to whole of these is NO.

Bitcoin from its genesis is meant for decentralization purpose, anonymity, privacy, anti price manipulation that solely defends on buying and selling rates, so verily all these will continue if the whole 3M bitcoin left is mined maybe next 3-5 years, so what's the whole point of argument. I'm open for correction If i miss out something.

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October 31, 2020, 05:06:36 PM
 #32

It could be that bitcoin will be controlled more by the government or groups that have large funds and they will fight over it and can also be used as a tool of interest. Miners will of course move to do altcoin mining because of the many project options. But for a long time in the future there will certainly be many ideas and innovations from new people that we have never thought of at this time.
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