Why kids born in 2140 don`t get a chance to mine rewards?

[squatter]

Bitcoin is 89% premine to any kid born today.
In 2140 it is 100% premine to any kid born that year.

A pre-mine refers to initial creators allocating themselves tokens before public launch -- before a protocol can be publicly mined. That clearly does not apply to Bitcoin.

Anyone who wants to mine for bitcoins can do so. In fact, they can continue to do so after the year 2140. They'll just collect transaction fees only instead of newly minted coins.

Why the future generations don`t get any rewards?

They will get the reward of sound money.

[pixie85]

A pre-mine refers to initial creators allocating themselves tokens before public launch -- before a protocol can be publicly mined. That clearly does not apply to Bitcoin.

This is what I wanted to say when I read his post. A coin can be pre-mined only before its release date and everything else is mined, not pre-mined.

Saying that a kid born 100 years from now will not have a chance to mine is pointless because it's like saying that a kid born at that time will not use paper money. It's true but what does that change?

I was born after the gold rush and I never had a chance to mine physical gold in Sierra Nevada. Do I feel like I've missed the opportunity of a lifetime? As much as those kids born in 2150 will

[CarnagexD]

Well I don't really think it matters that much if the people or our kids' kids' kids in the near future won't have the chance to mine. Coz then again it's just cryptocurrency anyway, and with an unhoardable coin like bitcoin per se, you can't expect anyone, not even now to earn so much bitcoin he can effectively become a ruler of the future world.

[Lorence.xD]

Well I don't really think it matters that much if the people or our kids' kids' kids in the near future won't have the chance to mine. Coz then again it's just cryptocurrency anyway, and with an unhoardable coin like bitcoin per se, you can't expect anyone, not even now to earn so much bitcoin he can effectively become a ruler of the future world.

I think so too, by that time, bitcoin has already been passed from the first generation to the second generation. Not to mention that mining might not be the most profitable thing to do at that time, there will be more jobs that are far more profitable than we could imagine now. If you have the will to hoard and the money to make it happen I think that you can do anything you want, being a ruler will need more than just bitcoin because you will need some connections to establish an empire or government.

To OP, they can't get the mining rewards because they will still be infant when the last block was mined.

[LimLims]

Bitcoin is 89% premine to any kid born today.
In 2140 it is 100% premine to any kid born that year.

Why the future generations don`t get any rewards?

What kind of design is this satoshi? to enslave the future of humanity?

Today born kids, can’t mine Bitcoins without proper equipments and big budget investment at first.
Moreover at the future the kids can earn from the blocks.
Also if there aren’t enough BTC to mine, then there should be some other valuable coin in the market available to mine.
Hope this clears your concern and doubts OP.
Let’s see what happens in the future next.

[Sithara007]

I am surprised to see that so many people are agreeing with the OP. Perhaps they need to educate themselves on how the Bitcoin mining works. There will be no fresh coins to be mined after 2140. But that doesn't mean that mining will come to a complete halt. Mining will continue as long as Bitcoin exists. Because mining reward consists of two parts - block reward and fee reward. After 2140, there will be no mining reward. But the fee reward (BTC0.50-BTC1.50 per lock) will be there and the mining will continue.

[Shasha80]

There is no need to worry about what will happen in 2140, because I believe in that year there is a technology that may be more sophisticated
than blockchain. Or maybe even Bitcoin was dead at that time, and there are many more possibilities that will happen. Because no human is
capable of knowing the future. So I don't think you need to think too far for 2140, why don't you think about what will happen tomorrow or
the next 5-10 years. What still makes sense for us to predict, I myself am confused when asked about what will happen in 2140.

[odolvlobo]

Bitcoin is 89% premine to any kid born today.
In 2140 it is 100% premine to any kid born that year.
Why the future generations don`t get any rewards?
What kind of design is this satoshi? to enslave the future of humanity?

If your ability to mine for the subsidy is such a great benefit, why aren't you taking advantage of it?

There are two ways to obtain bitcoins: spend money to mine them, and spend money to buy them. Bitcoins have always been and will always be available to everyone equally.

[Yatsan]

Such year is very far beyond from what we are right now. It will take a whole century and almost two decades before that time come and it will already plenty of generations that will arise after our current generation. First, why bother of such things that we clearly cannot predict nor will not affect the current situation we have? Second, maybe because by that time it could be possible that certain changes happen due to lots of factors affecting things and brings out lots of circumstances that maybe the reason why kids on that era will not get a chance to experience mine rewards. All in all, things are for sure, we do not exactly know what will happen on that time and things like this will not affect us now so do not worry that much for we are no longer alive on that time.

[Coinsfera]

Bitcoin is 89% premine to any kid born today.
In 2140 it is 100% premine to any kid born that year.
Why the future generations don`t get any rewards?
What kind of design is this satoshi? to enslave the future of humanity?

The finite nature of BTC makes it valuable. One question arises from your question. If there will not be any rewards then who will validate transactions? People validate transactions because they get rewards in return. What will happen if the rewarding system stops? The future of BTC is very unknown.

[Kong Hey Pakboy]

There is no need to worry about what will happen in 2140, because I believe in that year there is a technology that may be more sophisticated
than blockchain. Or maybe even Bitcoin was dead at that time, and there are many more possibilities that will happen. Because no human is
capable of knowing the future. So I don't think you need to think too far for 2140, why don't you think about what will happen tomorrow or
the next 5-10 years. What still makes sense for us to predict, I myself am confused when asked about what will happen in 2140.

There are people who can't seem to stop caring about the future especially those in power, I agree that we don't have to worry about what happens but we have to at the least think about it because what we do in the present is going to shape the future. @Shasha80 is right, a lot of things could happen along the way and we may never know until we have arrived there so no use speculating.

[larus]

They will have other coins to mine, there are a lot of minable coins and will be even more

[7788bitcoin]

They will have other coins to mine, there are a lot of minable coins and will be even more

That is optimistic thinking, the truth is that the mining rewards were implemented by Satoshi to attract people to support the network and in the beginning there was no valuation and everyone mined to help the network and the general idea was that by 2140 the price of bitcoin will be much higher so that the miners could survive by the transaction charges.

[COBRAS]

Bitcoin is 89% premine to any kid born today.
In 2140 it is 100% premine to any kid born that year.

Why the future generations don`t get any rewards?

What kind of design is this satoshi? to enslave the future of humanity?

Wow, speach like putins governement say, they are 20 years ago talking about what they move russiane contry to TOP of development hahahahaha.

[shoreno]

What kind of design is this satoshi? to enslave the future of humanity?

what enslave .  i think that satoshi didnt mean this btc to become a business or a job . no one is slave here because no one is force to do this things but the people that do must be willing .

Why the future generations don`t get any rewards?

its because

In 2140 it is 100% premine to any kid born that year.

you just said that earlier in your post but i heard that miners can still get a reward . we have so many coins other than btc that has much supply than btc with different status ( mined , premined , etc.. ) kids in the future wont run out of cryptos to mine for profits .

[CaVO32]

People don't think 150 Years ahead of time while inventing anything. What will happen in 2140 is beyond our scope. There could be no bitcoin at that time and mankind may have shift to some other form of currency. Also the world would have ended by that time. I think its useless to think of the time when no one of us will be alive to see that day.

My thoughts also. By that period, all human beings that are living today are already long gone. We don't know what is status of the humanity at that stage or the condition of our planet. Just think of the climate change or the global warming attached to it. After more than 100 years, no one can tell what our future will be. Maybe, bitcoin will already be an obsolete technology and there is no more reason to think about it. So right now, it is not really good idea to think about that period of humanity, if ever humanity still exists.

[YuginKadoya]

Bitcoin is 89% premine to any kid born today.
In 2140 it is 100% premine to any kid born that year.

Why the future generations don`t get any rewards?

What kind of design is this satoshi? to enslave the future of humanity?

Seems that you are thinking so advance that you want to know what may happen to the future, First of all, there is no need for mining Bitcoin because all existing Block was already mined at that year, that is for certain and the only thing possible, but for some rewards, I think newly form projects might still be possible so there is a chance that they could take free airdrops or bounty campaigns if there might be existing in the future because we certainly know that Bitcoin's value will be to the moon by that time and maybe there can still be rewards that may be under blockchain from certain coins or Bitcoin if it will be included in price money for a certain event or competition.

And Enslaving is not the right one, I think it is to be free!

[Fundamentals Of]

What are you whining about? I don't understand why people are creating problems out of nothing.

Why the future generation doesn't have clean air to breathe? My grandpa must have also asked when he was young, why the future generation has to buy water to drink?

You are asking the wrong questions, dude. Quit crying for the wrong reasons.

They will be rewarded. The world is theirs. Don't think as if the people in the future generations are brainless pieces of parasites.

[aysg76]

Bitcoin is 89% premine to any kid born today.
In 2140 it is 100% premine to any kid born that year.

Why the future generations don`t get any rewards?

What kind of design is this satoshi? to enslave the future of humanity?

So you are talking of 119 years later which is more than a century and we can't say what will happen at that time.The future generations will be using Bitcoin as digital currency when it will be Mainstream so why are you concerned about mining at that time.So what do you think they will not have any othe major source of income other than Bitcoin mining?The supply is limited to 21 million and it cannot be increased but Sathoshi have built technology for use by the current as well as future generations.The mining will continue till 2140 which is still very far.The future generations will use Bitcoin and earn through its usage not mining so don't worry about that period.

[carlfebz2]

Bitcoin is 89% premine to any kid born today.
In 2140 it is 100% premine to any kid born that year.

Why the future generations don`t get any rewards?

What kind of design is this satoshi? to enslave the future of humanity?

The question is, would those future kids minding to mine on that time? When it comes to rewards then they would really be still making via fees when pushing up transactions.

Presuming that bitcoin did able to survive till 2140 which indicates that it is already globally adopted in full scale which means transactions in the network would really be more than on what we are
seeing at the current.

Also satoshi didnt really create nor make bitcoin about enslaving yet he didnt even expect for his creation to make this big as of this moment.