Will Bitcoin be infinite?

[Tina H]

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

[Lorence.xD]

What do you mean exactly by unlimited? The prices or the supply? Because if it's the supply then it's not going to happen because there's only a limited supply of it so I don't think that we will be seeing bitcoin become infinite in a foreseeable future. The prices on the other hand could go up forever if you know what I'm saying, so long as people are using bitcoin, I guess the prices will be infinity.

[paxmao]

If I am getting you right, you mean infinite in time or in value? Nothing man-made is infinite in time. Bitcoin like any other creation will live for a time and then become obsolete, change into something else or simply disappear as everything in history except human stupidity - but that was given by the gods   I understand your question is merely philosophical, in practice bitcoin will last for a period of time, but it may be quite a long period indeed. Being first matters a lot in terms of trust and community and bitcoin was the first reasonably successful attempt at creating a decentralised digital mean of exchange.

If you mean infinite in value... well, just do not take The Simpsons as financial advice. Even if they do not have a disclaimer about it.

[Davidvictorson]

As much as the question is not clear, I'll try to answer based on my understanding. If your question is Will the value of Bitcoin be infinite, the answer is yes and no.

Theoretically, the value of Bitcoin can be infinite if a trader is not willing to sell to a buyer at any price. However on the other hand, the reverse is the case when an individual is willing to purchase Bitcoin at an infinite amount. For example of the price of 1BTC is $100,000,000,000(one hundred billion) dollars nobody will want to buy at that rate because it basically unaffordable and the rate is at infinity.

[Ucy]

Unlimited in what way? You mean the total supply or something else? I have seen a figure that looks like horizontal 8 used in representing infinity but don't know what that's really about. Is that what you mean by infinity? Hope you can explain what you mean to help me determine if it's possible with Bitcoin.  Just hope it's not about Bitcoin supply.

[Tumanggor]

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

infinity in terms of the number of circulation? if this is what you mean then it won't happen
satoshi has programmed a Bitcoin circulation of only 21 million, it cannot be subtracted or added and there is a halving event, which happens every 4 years

you can't believe too much in the Simsons cartoon myth because a lot of it was predicted there but it never happened
keep learning and only trust from this forum

[dothebeats]

WhT you're trying to say is kinda all over the place. What do you mean exactly by infinite? If it's in terms of total number of bitcoin's, that's just absurd. Max supply cap is put into place for obvious reasons, plus it also helps preserve bitcoin's value. If infinite in terms of its existence, no one can tell. There could be lots of potential replacements for bitcoin in the next years or decades and we wouldn't know until we're there.

[NeuroticFish]

Do you think Bitcoin will be unlimited in the future?

No.

1. No unlimited price. The price cannot get to infinite, it will always have a clear value.

2. No unlimited quantity. The quantity cannot be infinite, Bitcoin has a fixed maximum supply.

3. No unlimited lifespan. It cannot "go on" forever, because the machines needed for it - internet, nodes, miners - need electricity and maintenance, hence it cannot survive longer than the human race, which, under current known circumstances won't survive more than this solar system. That's again, far from infinite.

[sapnu]

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

If in terms of quantity, I don't think that would be possible because there are a lot of things that we need to consider before thinking that way. First is the fact that it consumes too much fossil fuel just to mine bitcoin and wishing for an infinite number of it would definitely destroy mother nature. Also, the value of it will be affected as the supply continues to grow endlessly. Simpsons might have predicted a lot of happenings in the world but still let us be practical and logical before jumping into conclusions on the hints they are showing.

[Hydrogen]

Bitcoin's growth potential might be defined as infinite ∞.

Every year some bitcoin is lost and unrecoverable. Someone forgets their private key or password. Or unfortunately passes away, leaving their next of kin without a means of recovering lost coins. Bitcoin's supply shrinks as a result, making BTC a more scarce asset.

If bitcoin were defined purely in terms of increasing scarcity alone. By a growing quantity of coins that were lost and couldn't be recovered. Its growth potential in value, might be defined as infinite. Being that the trend will continue as long as people continue to utilize btc. Which could translate to value appreciation, as long as people continue to use bitcoin. In that sense btc might be as close to infinite as anything humans create.

[Felimon]

i feel what you say is correct because the price of BTC will keep increasing over time and maybe in the future the value of 1 BTC will be a value of infinity but if you are saying the supply of BTC is infinite then we have to review the value of BTC in the future will be like?.

[stompix]

1. No unlimited price. The price cannot get to infinite, it will always have a clear value.

This!
Every single time a bitcoin is sold, bought, traded, exchanged, used it will be at a price and a ratio against something, it will not be something like "I will give you on satoshi and you give me unlimited dollars/gold/hotdogs forever". It will always have a value even if there is only one satoshi left in the world and the entire galaxy is using a quintillionth of a satoshi as a standard denomination.

Infinity is an abstract concept, it has no place in a real economy.

And I remember that Simpsons episode, the infinity was about the change in price, nothing else.



Even if we talk about the numbers of coins, assuming we change the protocol and there will be no more halving and we keep minting coins with every block, there will still be a number of x coins at any given y time. Even 10 trillion years in the future the number will be of a value, x or z, not infinity. 

Which could translate to value appreciation, as long as people continue to use bitcoin. In that sense btc might be as close to infinite as anything humans create.

Bitcoin would not be able to reach quadrillions of trillions if there is nothing of that value in the world for it to reflect that, before Bitcoin would be able to grow near-infinite humans would have to create stuff that is worth near infinite. So, who will be first, the chicken or the egg?  

[Gozie51]

Bitcoin is unlimited now and even in the future. The supply seem limited but the pricing of bitcoin and it's value are not. The reason for infinite nature of bitcoin is decentralize and uncontrollable phenomenon of bitcoin and that means demand and supply are not controllable which makes price not fixed but fluctuating.

[Smartvirus]

I hoped that OP would have clarified us by what he or she meant by finite. So many have asked and yet no response. It almost seems like OP is watching the thread he or she created but, I really hope that's not it and perhaps, OP is just engaged with other things. Anyway, should it be about the supply, we all know that to be finite and the date at which the last bitcoin would be mined has already been speculated to be around 2040, thats if I recall correctly.
For the price or value, uts always going yo depend on the laws of demand and supply. Though supply may be finite, the liquidity would always vary and the value or price would vary as such.

[Kasabus]

i feel what you say is correct because the price of BTC will keep increasing over time and maybe in the future the value of 1 BTC will be a value of infinity but if you are saying the supply of BTC is infinite then we have to review the value of BTC in the future will be like?.

I think everything what we have at the moment might only vanish in the end or it will keep fourishing until its value becomes very high already. The value of bitcoin will keep in surging because as every year comes, the demand for bitcoin becomes excessive too but i don't think its supply will reach into infinity as everything will have no clear destination in the end. We'll know then when we will reach that point.

[blockman]

I think I've watched that small scene and that pertains to the unlimited value of bitcoin. We all know that bitcoin is limited in supply so that's certain to the value of bitcoin with that infinite symbol. @OP, we'll never know how much bitcoin will be in the future but as such described in that episode, the author or Matt thinks that the future value of bitcoin is going to rise into infinity that we're all be surprised because there's a real potential that its price will grow as high as we can think.

[Kiley33]

The number of bitcoins is limited. The total amount is 21 million pieces. This is known to everyone, so the number of Bitcoins is limited.
The price of Bitcoin fluctuates up and down and cannot be unlimited, which is also unreasonable.
Through the supply and demand of Bitcoin and the recognition of Bitcoin, it can be said that the value of Bitcoin is unlimited. In the future, Bitcoin will definitely develop with the advancement of technology. It can be said that the future of Bitcoin is unlimited.

[cabron]

21M coins is certainly a very low number for more than 8Billion people in the world. You can't say BTC is infinite but 1 BTC has 8 digits though which you one person could own just 10,000 satoshis (0.00010000 BTC) this is a lot when in the future price skyrockets such they predicted as 1BTC = $1M.

What is going to make it infinite I think is the synthetic assets like wBTC and rBTC.

[Xinarae*]

Bitcoin is not infinite its number is limited and very few people know how to use bitcoin rises to the top based on its demand. With the rise in the price of bitcoin development gradually increased and helped to brighten the future the contribution of a country's central bank is infinite the central bank has to act prudently in the event of various financial scandals or market turmoil in some cases, central banks have come under fire. But the central bank has to review the whole economic situation and take any policy decision that will affect all the people in the society.

[Tina H]

Unlimited in what way? You mean the total supply or something else? I have seen a figure that looks like horizontal 8 used in representing infinity but don't know what that's really about. Is that what you mean by infinity? Hope you can explain what you mean to help me determine if it's possible with Bitcoin.  Just hope it's not about Bitcoin supply.

Yes, I am not referring to the total supply, because this is known and the maximum supply cap is set. I want to know its value, can it be infinite, thanks for the reply to make me understand now.