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

[Ozero]

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.

Someone, I see, has no pressing problems and is interested in possible problems with cryptocurrency in six generations of people, given the fact that it is generally accepted that a generation of people changes every twenty years. Moreover, none of us will ever know what will happen to the cryptocurrency by this time.
My advice is to live with the current problems and enjoy life. How much more will change in 120 years. Nobody can know what the cryptocurrency will be like by that time.

[TribalBob]

By 2140, I believe technology is getting more sophisticated, and it is possible that mining will also be more advanced and so that mining vows will be eliminated and replaced with prize money, but who knows in the future? what is there now is to spend money to mine it, and spend money to buy it. Bitcoin has always been and will always be available to everyone as an equal. that's all maybe my opinion

[ene1980]

By 2140, I believe technology is getting more sophisticated, and it is possible that mining will also be more advanced and so that mining vows will be eliminated and replaced with prize money, but who knows in the future? what is there now is to spend money to mine it, and spend money to buy it. Bitcoin has always been and will always be available to everyone as an equal. that's all maybe my opinion

There is no mining vows to be eliminated, efficiency yes there is a problem if you want to pin point and i do not want to see any major changes in the base protocol even centuries from now until we come across some new technology that could replace it which is a possibility and bitcoin will never created to give equal opportunity for everyone all the time .

[Twinkledoe]

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.

Someone, I see, has no pressing problems and is interested in possible problems with cryptocurrency in six generations of people, given the fact that it is generally accepted that a generation of people changes every twenty years. Moreover, none of us will ever know what will happen to the cryptocurrency by this time.
My advice is to live with the current problems and enjoy life. How much more will change in 120 years. Nobody can know what the cryptocurrency will be like by that time.

Exactly! That time period is very very far. And all the human beings that exist today will be long gone. Who knows what will be the current situation of earth by then? Maybe crypto is already out of the market as there is new technology that will be introduced. Just look at least 10 or 20 years from now. At least, we will be realistic with out perspectives here.

[kaya11]

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?

Live your life now brother, it's too early to think about the future. And who knows another coin might take the position of bitcoin in their time, so it doesn't really matter. Also if bitcoin would still be existing that time, the transaction fees would maybe be be enough if they want to earn rewards.

[KonstantinosM]

pizzalover420 strikes again!

It's been answered before 1000 times, but I'll reiterate it. The transaction fee will completely replace the mining reward way before 2140.

As computers get better we may be able to increase the amount of transactions as well, more transaction = bigger fee.

But the biggest thing you need to realize is that no-one is entitled to new bitcoin. The rollout is what it is, a rollout. The future generations will just have to put value in to get bitcoins.

Bitcoin is never going to be all the value in the universe. Real value exists from the ability to perform services.

If you're not strong enough to get your own water or repair your house and you have bitcoin, you can pay that younger person in bitcoin to help you, or die. Who is really rich then?

[Alucard1]

2140 is too far from now so we should not spend time thinking about that year because there are so many things that would happen before 2140 arrived. With the year 2140, we can say that technology would be so advanced but unfortunately, no one of us here would encounter that thing so there would be good and advanced mining for bitcoin as well, maybe a lot of people that year would be really happy and lucky because of the technology.

[yazher]

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?

Why worry for the future generations who will live for the next centuries? Of course, they will have their own share as well this is not the end for some people who didn't get any chance to get some block reward because there is always a chance to get some profit because the technologies revolving around Bitcoin is evolving as well in the next 10 years the lightning network will be fully recognized and there will be lots of convenience apps to improve the transaction speed and some other apps developed to give those people some extra income as well.

[OgNasty]

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?

This will probably end up being the type of politically correct nonsense that will lead developers and miners to increase the total supply. Luckily, we’ll all be dead so it can only be speculated about at this time nor does it matter.