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Author Topic: Will Bitcoin be infinite?  (Read 712 times)
sana54210
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July 10, 2021, 04:44:18 PM
 #41

If by that you mean what society and people can use Bitcoin for is infinite then I would agree to some extent as long as it is used for good alone. Afterall it's decentralized and has can be freely used by free people without limit unlike centralized systems.
One of the features that can be used for lots of things is the private keys. You could absolutely use it for lot of things including locking your door and other private properties and truely feel safe because nobody but you knows the keys to unlock them. I have never really like the centralized digital locks.

But if you mean the price going up continously without end, that will also depend on whether it can continue to be useful without end
I believe that the price will continue to go up forever until there is no more bitcoin. People are forgetting that innovation is very important in the world of humanity and I believe that there will be something much better than blockchain one day, it is not going to be today and right now but it is going to happen one day. That means that we are going to end up with something much better in the future but that could take maybe few decades and that means bitcoin will go up constantly during that time.

So, the price could continue to go up forever but it could also crash and be nearly nothing in the future when something much better comes up and that is not about bitcoin, bitcoin could continue to be whatever it is and it all depends on what happens with other stuff. If a new thing comes up then bitcoin goes down, if not then bitcoin keeps going up.
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July 10, 2021, 06:59:08 PM
 #42

I'm not sure what exactly do you mean by 'infinite'. But, if you are talking about bitcoin existing, trading, and being profitable for infinite time, I can say nothing lasts forever. In, my own idea bitcoin will need many adoptions in the near future to stay famous for more years between investors and traders. So, if it's going be stay for hundreds of years it needs adoption. But if you mean having infinite supply I would say no bitcoin can not be infinite in this case and that limited supply one reason for the bitcoin popularity.

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July 10, 2021, 07:21:53 PM
 #43

So much misunderstanding from what the poster made and still they couldn't edit the main post, I really wonder or don't understand the idea of making a post and not pay attention to the replies. Many people who hasn't even understand or started to fill in bitcoin into there real Life, like accept bitcoin for their services if they have any or just use more of bitcoin, are always more concerned about the future, how is there any future without the present? What ever bitcoin future would be is about what we do now,
 El Salvador is one countries on the path to an exciting bitcoin future, so if the poster does his part and many others too, I think bitcoins future would be more safe to call it somewhere secured.

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July 10, 2021, 07:39:40 PM
 #44

I'm not sure what exactly do you mean by 'infinite'. But, if you are talking about bitcoin existing, trading, and being profitable for infinite time, I can say nothing lasts forever. In, my own idea bitcoin will need many adoptions in the near future to stay famous for more years between investors and traders. So, if it's going be stay for hundreds of years it needs adoption. But if you mean having infinite supply I would say no bitcoin can not be infinite in this case and that limited supply one reason for the bitcoin popularity.
Bitcoin may be a good asset these days but it won't last for a lifetime. Even being a currency bitcoin will never end up being infinite because of the fact that there are still a lot of digital currencies along the way that will gain more interest from the people and are even more user friendly when it comes to its utility case. So i don't think bitcoin will be forever.

For now, its best to enjoy what we have at the moment and seize every opportunity given by crypto. Bitcoin will definitely be replaced by another potential currency in the years to follow so enjoy it while it is getting more demand from its users and investors.
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July 10, 2021, 09:51:50 PM
 #45

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?
Well, to be honest, I don't know if that will happen because in the first place bitcoin has a fixed amount that currently circulating. Bitcoin protocol can not be changed because it was developed as a decentralized even though it is open-source code but no one can change the code. If there is, that is not a bitcoin because there are too many affected if that will change, like the miners. Bitcoin can not grow always and it is impossible to have unlimited stocks and you can not see always have a green color because it is volatile.









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July 10, 2021, 11:54:52 PM
 #46

The risk of bitcoin becoming infinite does exist, just like fiat. That is what I understood from the possibility of splitting the decimal houses beyond the 8 digits we currently. So it's a way to make the currency infinite not by literally increasing its amount, but by splitting it into several minor parts. Today 100,000,000 satoshis are equal to 1 bitcoin, but tomorrow it can be 1,000,000,000 satoshis equal to 1 bitcoin or even more satoshis could be needed. Some people might say it's not the same than increasing the supply amount, but it really looks like it is and I think it would affect bitcoin very negatively.

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July 11, 2021, 09:36:22 AM
 #47

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?
Bitcoin is limited which is 21 million, maybe it can be changed only if Satoshi wants it too but it has no chance to happen in my opinion since he was never active 9nce his purpose completed and he actually created it for the financial freedom not to make profits for himself. All these green concepts are just speculations from people who wants to manipulate the prices.
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July 11, 2021, 09:53:49 AM
 #48

I'm not sure what exactly do you mean by 'infinite'. But, if you are talking about bitcoin existing, trading, and being profitable for infinite time, I can say nothing lasts forever. In, my own idea bitcoin will need many adoptions in the near future to stay famous for more years between investors and traders. So, if it's going be stay for hundreds of years it needs adoption. But if you mean having infinite supply I would say no bitcoin can not be infinite in this case and that limited supply one reason for the bitcoin popularity.
Of course nothing lasts forever but if we are talking about technically, bitcoin operating could might as well be infinite. If we can continuously subdivide bitcoin, I think that we can say that it's infinite right?

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July 11, 2021, 11:41:25 AM
 #49

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?
Wait , Wait !! Unlimited ? meaning there will be more than 21 million bitcoin after the whole will be mined?

Meaning satoshi will comes out and create more bitcoin so this will be unlimited ? then what would be the value then if happens?  back to Penny per bitcoin?

No Not because some of Simpsons speculation comes reality meaning everything they say about bitcoin will come true.

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July 11, 2021, 04:31:47 PM
 #50

Bitcoin might reach its peak during our lifetime and will be dead eventually. We all know that supply is limited, so it's not infinite at all.
Let's consider the influence that this technology could provide in developing a new innovative product. The name might stay known longer than its operation.

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July 11, 2021, 04:52:06 PM
 #51

If you're asking if Bitcoin would be limitless when it comes to usage and development, I would say yes but if you're about unlimited supply, it will surely be no. As for me, Bitcoin still has a lot to show us in the future. It will still could grow and foster as a currency since lots of people are adopting it as a currency. It will only take time and more adoptions for that to happen.
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July 11, 2021, 09:13:07 PM
 #52

We surely do not exactly know into what extent can Bitcoin last when it comes to the time it will exist from now until the next upcoming years since there will be lots of factors that can affect the situation it would be taking in the near future so we can or cannot expect for it to last for a very long period of time. But when it comes to the total circulating supply to be infinite, then it not because it is just limited and we are already aware of the matter since we have already known to expect halvings to take place in a specified time. The possibilities of its usage to last longer will still be dependent on the current situations and can be affected by other contributing factors.

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Silberman
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July 11, 2021, 09:38:19 PM
 #53

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?
I think I remember watching that episode and I think that was a reference to its price, technically the value of bitcoin cannot be infinite, after all even if bitcoin became the only currency in existence its value will be limited to the whole resources that we can extract from the planet and the technology we develop out of them, however since we are talking about a show that is a supposed to be funny it is obvious this was put there by the writers to signify that the value of bitcoin will do nothing but to go up, something that most people in the forum already knew.
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July 12, 2021, 02:24:40 AM
 #54

Do you think Bitcoin will be unlimited in the future?

 I think the unlimited you said is consistent exist but I don't if that is you mean to. Were Hoping also that Bitcoins are in the long year. Now a days cryptocurrency are expanding but you cannot say its unlimited.
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July 12, 2021, 04:55:31 AM
 #55

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?
I believe that, “infinite” in terms of value, scarcity will make it possible for BTC to reach $1 million in the future.  halving cycle, increased mining difficulty, multi-liquid growth of institutional investors.  The current economy has been diagnosed and dissected a lot after the covid pandemic emerged.  Decentralization will continue to grow in the near future.  Forget CBDC, it doesn't reduce the value of bitcoin.  It is important that the bitcoin price is retroactive!

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July 12, 2021, 07:45:40 AM
 #56

According to my understanding, this infinite means that the price is infinite. After all, the total supply is already known, and there can be no endless things on the earth. I think Bitcoin will not die as long as someone is there. Although Simpson's prediction is valid, don't worry too much about other plots.
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July 12, 2021, 04:16:41 PM
 #57

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?
Bitcoin is limited which is 21 million, maybe it can be changed only if Satoshi wants it too but it has no chance to happen in my opinion since he was never active 9nce his purpose completed and he actually created it for the financial freedom not to make profits for himself. All these green concepts are just speculations from people who wants to manipulate the prices.
The good thing about bitcoin is that if satoshi comes back now and says that bitcoin should be 50 million, then we can still say no. That is how decentralization works, he left because he didn't want to influence the growth of bitcoin because he knew that his existence would have hurt bitcoin more than it would help and that is why he created it, put it on the right track and then when he saw that it was gaining momentum and price he left.

However he would have absolutely no other power than just influence, or maybe he could have manipulated people, look at how Vitalik says eth 2.0 is better and we all agree, maybe Satoshi would had that power as well. However aside from those, he has no technical power over bitcoin, he couldn't just suddenly made it into something that would be 50 million instead of 21 million, he can't change the code of it by himself.
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July 12, 2021, 06:56:35 PM
 #58

If something has infinite value, it means it just never gets traded, because there's nothing to match its value. If 1 BTC costs infinite amount of dollars, then so does 1 satoshi, because that's definition of infinity. Infinitely valued Bitcoin can't be used as a currency, can't be used for anything at all. If all BTC in existence was held by a single party and they refused to sell for any price, you could say that Bitcoin is valued infinitely, but it's impossible to concentrate all up to 21 million bitcoins x 100 million satoshis.
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July 12, 2021, 07:33:50 PM
 #59

it's not limited, it's broad in scope, you have to specify it first because I can't catch what you mean.
 and if you mean supply I don't think so because we all know that bitcoin supply is limited and right now there are only 21 million bitcoins in existence and only 18,239,300 btc in circulation and this shows that bitcoin supply has a limited supply .
but if you mention the price I can say it depends on time and only time can answer it all maybe yes and maybe no because time and enthusiasts are the reference here.
talking about simpson with his future predictions, some of which have been proven, indeed this prediction could be true and it's just a matter of time to prove it but don't use it as a belief that this will happen because again this is just a cartoon and not a fortune teller despite everything that has happened
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July 12, 2021, 07:56:35 PM
 #60

I've heard and also seen the episode you mean but I mean something else for me that episode doesn't mean bitcoin is infinity but just a symbol of increase because if you say infinity I hesitate to say it because if something is considered infinity it's impossible to trade.
 but if you say it's a source of upswing in the future this would be in sync and I'm thinking in that direction.
because I think bitcoin in the future will continue to soar but that doesn't mean it's unlimited, of course there will always be a limit to it. especially regarding supply because we already know that bitcoin supply is limited

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