Next generations on bitcoin

[hundof94]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

[NeuroticFish]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

You know, the simple fact a coin is called Bitcoin doesn't make it worth a lot. See all the Bitcoin forks.
Also a newly made coin may or may not become valuable, see the altcoins, in huge numbers being disappointing for the investors.
And, as a bottom line, the fact a coin (like bitcoin) worth a lot doesn't mean the world/the people get rich. No. Only few of the investors.

This being said, creating a new bitcoin may not make sense, especially if it'll be just a clone. I'd expect people will work in Satoshis in 50-100 years to overcome the price rise, but not much else.
So creating a new coin can (only) make sense if it brings something really new and useful to the ecosystem. And that's not related to the price of the competitor coins. Also that can be done now too, no need to wait 50 years. Again, see the altcoins, some did bring new useful features and some of those are going pretty much OK.

[LoyceV]

What if 50-100 years from now new generations just fork bitcoin from the beginning

Forks usually happen at the current chain, if you restart from the start it's an altcoin. You don't have to wait 50 years for that, people have already done that thousands of times. Some of them got rich from it, but ultimately they all want Bitcoin instead of their own made-up coin.

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

If only young people could do that with dollars or euros too

[Artemis3]

The funny thing is that very thing has been ocuring during all the life of Bitcoin, its called "altcoins"... Doesn't mean they will succeed.

[aoluain]

Concentrate on the now, not in the past and what could have been. The vast majority of us
were not involved with the early stages of Bitcoin but we should be grateful for the early adopters
and everyone else who have nurtured it and helped it grow to where it is today.

Forking Bitcoin in any way won't result in what the OP wishes, The Bitcoin Blockchain
will continue on its path with the vast majority of interested people supporting and
following it, it's consensus!

[S A KHAIR]

What will be certain is that bitcoin will still exist or be used in the next 100 years. Thinking about that is too far-fetched and makes no sense at the moment. We're in the present, so let's try to have more bitcoins than others, that's what we should be more concerned with than thinking about the next 100 years.

[tjtonmoy]

I was having a somewhat similar thought. But not skipping 50-100 years. I have seen BTC grow and fall. Also, there are thousands of altcoins and new blockchains are popping up now and then with their own coins.
But none of them has come close to BTC in price point.
Why can't they succeed? (there are few successful projects!) If someday BTC falls and went out of existence (just imagine), which will be its successor?....
And if one could replace BTC, will it provide the same features, or will it be improved?

This makes no sense, but just a thought in my curious mind.

[The Cryptovator]

What would be benefits of a fork form the beginning? They cannot obtain Bitcoin or fork coin because of the fork. I'm not sure if the OP is familiar with Bitcoin fork. Forking new coins would be similar to Ravencoin (RVN), which claims to be a Bitcoin fork with a different supply. It has no monetary value, unlike Bitcoin. Or another type of fork, such as Bitcoin Cash, which is a waste of time for the community. None of them are competitive with Bitcoin or anything similar. Rather, I believe that when the next generation learns about Bitcoin, they will develop a different currency than Bitcoin. It will not harm Bitcoin's existence.

[PrivacyG]

I missed the 'early wealth accumulation' too.  Anyone not investing today will say the same years down the road.  I can try to restart Bitcoin right now.  But I will fail, because nobody is going to want my Coin.

By spending 1 BTC today, you are spending about $17,000 that could be worth well over a million one decade from now.  This is why I am saying it.  We are and will always continue to be early.  It is just never going to be late.

-
Regards,
PrivacyG

[uneng]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

It won't be bitcoin anyway. People already attempted doing this and then we have Bitcoin Cash, Bitcoin Gold, Bitcoin SV, Bitcoin Diamond, Super Bitcoin... And much more.

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Well, better to have 0.0001BTC with Bitcoin pricing 100,000$-200,000$ than owning 1 Bitcoin Something pricing 0,01$.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

Younger generations should start with bitcoin like the previous ones. The search for an improved bitcoin has already lead many investors into losing money to pump and dump schemes through altcoins. And if they continue thinking like this, younger generations are going to lose more money yet.

[BitDane]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

We don't need to wait 50-100 years but rather we can just look back and check cryptocurrency's Bitcoin fork history dating 2014 up to present.  This history will discourage new generation in forking Bitcoin because most of these Bitcoin fork happen to have short success and then goes down the drain.  Besides, Bitcoin isn't just a code anymore, it has already an established economy  and community that will try to resist any changes greedy developers wanted to implement for their personal gain.

[Zilon]

There have been a lot of Bitcoin fork after Bitcoin cash, and none has made half the impact Bitcoin has done. 50-100 years is too far to guess what to expect the present forks is enough to give a picture of what to expect if the future generation tries to fork Bitcoin because they feel they missed the early accumulation phase it will only end up in altcoin projects except there will be a different ledger system more advanced than the blockchain anything that operate on the blockchain as a crypto currency forked from Bitcoin remains altcoin.

[romero121]

There have been a lot of Bitcoin fork after Bitcoin cash, and none has made half the impact Bitcoin has done. 50-100 years is too far to guess what to expect the present forks is enough to give a picture of what to expect if the future generation tries to fork Bitcoin because they feel they missed the early accumulation phase it will only end up in altcoin projects except there will be a different ledger system more advanced than the blockchain anything that operate on the blockchain as a crypto currency forked from Bitcoin remains altcoin.

Same as this we can see more people trying to fork bitcoin. Someone like Roger will claim it to be the real bitcoin keeping some legal players. This is common as everything is connected with money. The generation needs to understand about blockchain and later they won't think of cloning the bitcoin network so to own a single cloned bitcoin.

[dansus021]

The funny thing is that very thing has been ocuring during all the life of Bitcoin, its called "altcoins"... Doesn't mean they will succeed.

Yep this is true if the young generation started all over again the chain this will called altcoin even though is the technology that used is same thing as the bitcoin did.

In my perspective the way we called "Bitcoin" is only one the fork of bitcoin is altcoin and that's it

[bitzizzix]

This is a question no one can predict, even though we may not know exactly where bitcoin is. It's safe to say that while blockchain technology is here to stay, it will be very interesting to see how it shapes the future for generations.
actually, there's no point in thinking too far out there because there's no point in thinking about something we won't feel or know about because we definitely don't exist, but I think bitcoin will last forever as long as people use it.
and if you look at the difference in technology between 100 years ago and now, or even 20 years ago and now. the rate of technological evolution is increasing rapidly, largely due to the increase in the flow of information. And blockchains like bitcoin will improve these flows and the accuracy of the data contained within them, but like all technologies, blockchains will need to be replaced at some point.

[Silberman]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

Just take a look at al the forks and altcoins which have existed over the years and you will see that such a thing does not matter at all, at the same time your argument is really weak because if that was enough of a reason to reboot bitcoin then why not do the same with the whole economy? After all now most of the wealth is concentrated in a few hands and some may think of this as unfair and yet we do not do it, so while I can see why some may think it is unfair other users have so many coins when they have almost nothing, this is not enough of a reason to do this.

[Darker45]

The moment Bitcoin was launched was also the moment all succeeding coins will be named altcoins. Whatever coin they are, they will be nothing but mere altcoins. The point is that there is no starting Bitcoin over again.

However, I have to embrace the reality that Bitcoin is probably not the best currency the world will ever have. At this point, Bitcoin probably is, but a hundred years from now? We cannot tell. Calling Bitcoin the best currency the world will ever have is probably a huge insult to an ever-developing and evolving world. The growing pace of technological development and innovation and the ever-changing times could mean a new best currency would arise a century from now.

[ethereumhunter]

I guess it could happen. But if they want to get 1 full bitcoin, they can look for it and try to trade with stable coin pair altcoins because that's what we've been doing. As long as they can do these methods and they can find out how they can get 1 bitcoin, they can have a lot of bitcoins, especially if they can analyze bitcoins.

When the price of bitcoin is like it's out of reach for most people but they can still try to get it in various ways, they will do it. Even though that means they have to fork bitcoin again because their goal is still to have 1 full bitcoin.

[justdimin]

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

That is basically what is going on with altcoins, are you not aware? There are a lot of people who were not part of the early part of bitcoin and try to join in on the newer altcoins in case they grow to be huge, like if something you got in when it was 10-20 million marketcap became 10 billion in marketcap, that is good enough forever for you, you will never need more money ever again. That is what people are banking on when they are investing into crappy shitcoins that come out everyday.

I personally feel like there is a good chance people will keep doing that, but forking bitcoin will not make the real one gone, it will just create another altcoin.

[Chato1977]

I guess it could happen. But if they want to get 1 full bitcoin, they can look for it and try to trade with stable coin pair altcoins because that's what we've been doing. As long as they can do these methods and they can find out how they can get 1 bitcoin, they can have a lot of bitcoins, especially if they can analyze bitcoins.

When the price of bitcoin is like it's out of reach for most people but they can still try to get it in various ways, they will do it. Even though that means they have to fork bitcoin again because their goal is still to have 1 full bitcoin.

Accumulating bitcoin isn't that easy because the value nowadays is really high but if you know how to trade altcoin then for sure in the time that you gather enough profit then you can purchase one and keep it for holding , but of course this will take time.,effort and courage same as Knowledge to gain that much.
it took me years before finally hot my whole bitcoin..

[Nrcewker]

What will be certain is that bitcoin will still exist or be used in the next 100 years. Thinking about that is too far-fetched and makes no sense at the moment. We're in the present, so let's try to have more bitcoins than others, that's what we should be more concerned with than thinking about the next 100 years.

Anything can happen in the next 100 years. If we think about that, then certainly we will miss the present opportunities. I am not saying that OP is wrong, but yes we need to think about this carefully. As Bitcoins are limited in number, so definitely after certain years it will become more valuable. In order to keep the pace, we need to buy as many Bitcoins as we can, and hold for longer period. Next generation might have different opinion regarding this, but we should treat the Bitcoins in the way that it should be.

[Yatsan]

I guess it could happen. But if they want to get 1 full bitcoin, they can look for it and try to trade with stable coin pair altcoins because that's what we've been doing. As long as they can do these methods and they can find out how they can get 1 bitcoin, they can have a lot of bitcoins, especially if they can analyze bitcoins.

When the price of bitcoin is like it's out of reach for most people but they can still try to get it in various ways, they will do it. Even though that means they have to fork bitcoin again because their goal is still to have 1 full bitcoin.

Accumulating bitcoin isn't that easy because the value nowadays is really high but if you know how to trade altcoin then for sure in the time that you gather enough profit then you can purchase one and keep it for holding , but of course this will take time.,effort and courage same as Knowledge to gain that much.
it took me years before finally hot my whole bitcoin..

Problem is; it is not easy to succeed in trading. You'll need atal and a year of experience and learning before you do well in such field. Best gateway is through campaigns in this forum to somehow earn but if you don't have a high rank you won't earn that much. If that's the case, you may participate on airdrops. Or do copytrading (has risks as well). But my question is, why would 1BTC be the requirement? Feel free to earn as much as you van if it is just a 'start' you are aiming. If you manage to earn 1 or morethen that's great. But do not be pressured of not earning such amount at the present because that would only slow you down.

The mentioned 'gap' by OP won't be bigger if you won't stop earning. As long as you are having gains, things would be the same. Also changing the mindset from getting 1 BTC to just put and earn an amount would be enough for now, would be better.

[lovesmayfamilis]

I always laugh at such long-term forecasts. OP, you don't know what will happen to you tomorrow; you don't know what will happen in an hour, but you fantasize in the amount of 50–100 years. Do people forget that they are mortal? Why do you care? Anything can happen in a hundred years, even something you cannot imagine today because new discoveries will be made after your death. Therefore, go down to earthly life and live, save your bitcoins today, and leave the future to your generations; they will figure out what to do with it.

[Oasisman]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

Very possible to happen, however it is still irrelevant to tackle about the things that might happen with Bitcoin in the next 50 years.
First thing to consider is, how old are you now? Do you think you're still alive in the next 50 years? Do you think your top priority is still cryptocurrency when you're like 80-90 yrs old already?
Man, there's so much to tackle about Bitcoin presently. Plan out how you are going to have a perfect retirement plan by engaging to Bitcoin today, than overthinking about what the next generation looks like. Lol

[kamvreto]

~snip~Man, there's so much to tackle about Bitcoin presently. Plan out how you are going to have a perfect retirement plan by engaging to Bitcoin today, than overthinking about what the next generation looks like. Lol

Great advice, better think about a retirement plan to hold some bitcoins from now on, at least having 1 BTC is good enough for the long term and as a retirement fund. 50-100 years is the task of the next generation and Bitcoin will certainly remain bitcoin, if the younger generation only does a fork then bitcoin will remain above as the irreplaceable king. in the future we will never know what will happen, so just focus on what to do now.

[Flexystar]

That’s not going to happen for sure and already most of the reasons have been given in the post first only. Just to add to more into it, I think when we will be left out with only Satoshi as last unit to trade considering the increased valuation and high prices in the future it may happen that we would be left out of further divisions. You can’t really buy small things like groceries when Satoshi is equal to may be 500-1000 bucks!!
I think it would be impossible to use bitcoin further for trading.

Bitcoin will slowly turn into gold like asset. May be it will be only bought and sold like in bulk. To store your fiat money in the form of bitcoin.

Does anyone thought about this earlier? It’s gonna be mess. There is no second bitcoin. 

[ethereumhunter]

I guess it could happen. But if they want to get 1 full bitcoin, they can look for it and try to trade with stable coin pair altcoins because that's what we've been doing. As long as they can do these methods and they can find out how they can get 1 bitcoin, they can have a lot of bitcoins, especially if they can analyze bitcoins.

When the price of bitcoin is like it's out of reach for most people but they can still try to get it in various ways, they will do it. Even though that means they have to fork bitcoin again because their goal is still to have 1 full bitcoin.

Accumulating bitcoin isn't that easy because the value nowadays is really high but if you know how to trade altcoin then for sure in the time that you gather enough profit then you can purchase one and keep it for holding , but of course this will take time.,effort and courage same as Knowledge to gain that much.
it took me years before finally hot my whole bitcoin..

It's not easy but if we really have the intention to collect bitcoins, we will try hard to do it because we know the great potential of bitcoins in the future. And if we have bought them and collected more bitcoins, we have to be patient if the price hasn't been able to increase because we also don't know when the price will increase. And as long as we see that the price is still low, we can use it to buy more bitcoins. But it will depend on how we manage the money we will use to buy bitcoins.

[fuguebtc]

Like everyone, I think thinking about the future 50 years or 100 years is too far away and meaningless, because the Future is unpredictable and we won't live to that time to verify what we discuss today. Bitcoin has arrived and is gradually replacing traditional assets, something the ancients never thought of. The world is constantly changing, so it is likely that in the future, there will be something better to replace bitcoin.

The important thing is how much bitcoin you have accumulated for your life, focus on accumulating as much as possible rather than thinking about the distant future.

[MoonOfLife]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

Oh my friend, why do you make predictions so far from reality? All of us here won't be able to live another 100 years so there's no point in discussing events in the next 100 years. Work hard to earn bitcoins now and just hold it for the next 10 years, you can get big profits even become rich.

[BitDane]

I guess it could happen. But if they want to get 1 full bitcoin, they can look for it and try to trade with stable coin pair altcoins because that's what we've been doing. As long as they can do these methods and they can find out how they can get 1 bitcoin, they can have a lot of bitcoins, especially if they can analyze bitcoins.

It already happen.  Haven't the history of cryptocurrency stated that Bitcoin had been forked so many times some are soft fork while many are hardforks that create another blockchain and is called an altcoin?  So the next generation forking Bitcoin is not news anymore.  They can fork it as they like as long as the consensus doesn't approved of the fork, they are only getting an altcoin out of that fork.

When the price of bitcoin is like it's out of reach for most people but they can still try to get it in various ways, they will do it. Even though that means they have to fork bitcoin again because their goal is still to have 1 full bitcoin.

As I stated as long as the fork isn't approved by the consensus, they will never get a full Bitcoin from that fork unless they created a market for the forked Bitcoin, sell it and buy 1 full Bitcoin after the sales.

[GreatArkansas]

I guess it could happen. But if they want to get 1 full bitcoin, they can look for it and try to trade with stable coin pair altcoins because that's what we've been doing. As long as they can do these methods and they can find out how they can get 1 bitcoin, they can have a lot of bitcoins, especially if they can analyze bitcoins.

It already happen.  Haven't the history of cryptocurrency stated that Bitcoin had been forked so many times some are soft fork while many are hardforks that create another blockchain and is called an altcoin?  So the next generation forking Bitcoin is not news anymore.  They can fork it as they like as long as the consensus doesn't approved of the fork, they are only getting an altcoin out of that fork.
(....)

Overall it won't work. It's already proven by recent Bitcoin forks and the goal is almost similar to every forked from Bitcoin or even from any other altcoins.
Some are just pure hype. This is the power of open-source or decentralization, you can just fork it or copy it just every project in cryptocurrency right now, Bitcoin to be specific but it's really different the different one. Bitcoin already proven it.

[ethereumhunter]

I guess it could happen. But if they want to get 1 full bitcoin, they can look for it and try to trade with stable coin pair altcoins because that's what we've been doing. As long as they can do these methods and they can find out how they can get 1 bitcoin, they can have a lot of bitcoins, especially if they can analyze bitcoins.

It already happen.  Haven't the history of cryptocurrency stated that Bitcoin had been forked so many times some are soft fork while many are hardforks that create another blockchain and is called an altcoin?  So the next generation forking Bitcoin is not news anymore.  They can fork it as they like as long as the consensus doesn't approved of the fork, they are only getting an altcoin out of that fork.

That's probably because they fork or copy the bitcoin source code or want to be famous because of the name "bitcoin" in their project or just want to make money with a Ponzi scheme or something. Bitcoins are still bitcoins. That's what we have to understand and so far, bitcoin is still a priority for investors. So even now or later, the price of bitcoin is very expensive, people will still try to get 1 bitcoin using many ways.

When the price of bitcoin is like it's out of reach for most people but they can still try to get it in various ways, they will do it. Even though that means they have to fork bitcoin again because their goal is still to have 1 full bitcoin.

As I stated as long as the fork isn't approved by the consensus, they will never get a full Bitcoin from that fork unless they created a market for the forked Bitcoin, sell it and buy 1 full Bitcoin after the sales.

And for the next generation of bitcoins, they must still find their way to collect more bitcoins. So we'll see what happens in 10-20 years if we still live to that day.

[wiss19]

Just let them be if they want to fork it. The main version of BTC will still run normally and won't be affected by the fork coins, same with what happened before on BCH, BSV, BTG and others. They can get the fork coins at a cheap price but it won't be the same with the original Bitcoin. They can spread the word fork coins but I doubt it can pump as much as Bitcoin.

Old Bitcoiners have lots of BTC in their purse but they can be able to inherit it on their loved ones if they are too old already so it's always possible for the newer generations to own 1 BTC or more. Other than that, I think BTC can also dump hard so they can buy BTC cheaply as well.

[TheUltraElite]

Oh my friend, why do you make predictions so far from reality? All of us here won't be able to live another 100 years so there's no point in discussing events in the next 100 years. Work hard to earn bitcoins now and just hold it for the next 10 years, you can get big profits even become rich.

In a sense the OP is talking about alternative currencies than bitcoin. They do exist in large numbers, but their effectiveness is questionable. In so many years, a lot of things might happen so predictions are difficult and not feasible to make.

Even then I would say that during our life time we can make profits from bitcoin as much as we want to. Who knows if this world will remain inhabitable in the next few years, so why bother, just live and earn as you wish.

A bitcoin replacement may never actually appear, so just let them be.

[QueenVera]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

I think people in the future will be smarter than we now as education will be more advanced by then. With that smartness they would see other forks that occurred previously to have all die and see no reason to create a new altcoins into existence. Instead they would work on Bitcoin to improve it further. What Bitcoin needs is constant innovation.
Innovation like how the segwit address was developed and introduction of lightening network to all help in faster transaction. Forking of Bitcoin is never a good idea as that just create another altcoins for whales and scammers to manipulate to steal the real Bitcoin.
At first it'll seem like the newly created forked coin will be a good investment choice but as the market mature you'll realized it was a bad investment options from the get go.

[Artemis3]

Things are working fine, there is no need to reinvent the wheel or "fix" what isn't broken. Many of these forks added things that are detrimental in many ways. Bitcoin may not be "perfect" but its still better than the alternative. I'm perfectly happy with the way it is, even LN is optional and i haven't even used it yet, my 1 sat/b transactions still work fine, i can pay and be paid in a reasonable amount of time (much faster compared to banks here).

[Z-tight]

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

It is difficult to know what the motive of people will be 50-100 years from now, i don't even think it makes sense for us to speculate on it, but whatever happens they cannot start BTC over again, they can only fork a new coin from it, or just create an altcoin, but that does not make what they have done BTC, even if they decide to call it BTC or make BTC a part of its name.

In the next 50-100 years it is possible that another person may create another unique coin that will be mass adopted, it is not going to affect BTC or change anything for the BTC network, as a matter of fact the reason why it seems BTC users don't like altcoins is because most of them are scams and bad, any new altcoin that is good right now will be appreciated and adopted. So if the next generations can create something good and unique, it will be a good development and competition in the industry for them.

[Casdinyard]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

I don't think a fork is possible since forks must happen within the current chain of the original crypto. I don't need to tell you how hard that was to do with bitcoin considering its creator is nowhere to be found. And a couple of people here were right too, just because a coin is called bitcoin doesn't make it any valuable. The plethora of subpar "bitcoin derivatives" we have as of the moment is enough evidence for this. Moving forward, there's still a promise of transactability in the near 50-100 years even if all bitcoins were to be mined and purchaded already, so a fork isn't really necessary.

[hZti]

Basically all the alt coins are forks of bitcoin trying exactly what you described. They want to participate in the beginning of a coin, to be able to benefit financially of it. The problem is that they then always cash out their coins and therefore the value crashes a lot, which leaves a lot of later adoptors with a loss.

[RealMalatesta]

I don't think a fork is possible since forks must happen within the current chain of the original crypto. I don't need to tell you how hard that was to do with bitcoin considering its creator is nowhere to be found. And a couple of people here were right too, just because a coin is called bitcoin doesn't make it any valuable. The plethora of subpar "bitcoin derivatives" we have as of the moment is enough evidence for this. Moving forward, there's still a promise of transactability in the near 50-100 years even if all bitcoins were to be mined and purchaded already, so a fork isn't really necessary.

We had bitcoin cash and bitcoin SV as the biggest two examples and we have seen how they did, as we can see that it wasn't really that easy to handle all of it and I have to say it's not going to be that much of a big deal for the future neither. I know that some people may want to make sure that it works very well for the long term, but it's to going to happen.

I believe the biggest way to make some money would be just focusing on moving all the money and things their parents leave to them and move it to crypto, instead of having traditional stuff. My wife has family networth, it's nothing good to us right now because her family is alive, but in the future I would 100% support her to sell all those things and put them on bitcoin for example.

[Ryu_Ar1]

Why do you have to think too far into it, I personally prefer to think about myself and I feel that at my age now I am unable to reach the next 100 years so I think it's better to plan for the next few years, of course much better .
We may not even in old age remember what bitcoin is even though it's still out there now and really loves it.
Just think about what your goals are instead of thinking up to 100 years that you might not reach.

[Ebede]

Many people especially this person generation is transmitting it to their young generations and which technology of bitcoin I think that it will continue to move myself for the industry that is why many people have to welcome Bitcoin investment from one place to another and it is what is making the price of bitcoin and acceptance or bitcoin to be relevant

[nullama]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

They still will have 50 years into the future to grow their savings in Bitcoin.

Also I don't know why people are fixated in the number 1 BTC since Bitcoin is designed to increase in value over time. In early 2009 you would get 50 BTC at a time while CPU mining, so 1 BTC was nothing (because even the 50 BTC were nothing). It would have been common to see people with thousands of Bitcoins if they were simply running bitcoin in their spare computer for weeks.

People forget that what actually brings value to Bitcon is time.

It doesn't matter if you spend money in fiat or Bitcoin as they have the same value today, but it matters a lot if you save money for decades in fiat or Bitcoin.

[Fundamentals Of]

That happened already. It is not yet 50 years since Bitcoin's creation and there were already many forks from Bitcoin. But look at what happened to them, not just to some but to all of them. They all ended up with the same fate. They all lost support. It's because when you fork Bitcoin nothing happens to Bitcoin. It remains there intact while the new fork is already a fake copy of the original. It will be hard to gain supporters. So rather than looking forward to a new fork so that people could be called early adopters, it is better to just make the most of the present and buy Bitcoin. I agree, time will come 1 Bitcoin becomes almost impossible to have.

[xzy887]

I agree, time will come 1 Bitcoin becomes almost impossible to have.

Yes, I agree with you that it is almost impossible to have 1 bitcoin in the future. But you have to accept that it is very unlikely that another bitcoin will be as popular, reliable and valuable as this one. And we never need to wait another 50 years for a new Bitcoin. It can be made a reality now. But will it be of any use? Because now everyone trusts this bitcoin. And now many new tokens/coins come to the market and end again.And so in this situation, who will guarantee that it can survive in the new bitcoin market? And I think after 50 years our generation will be better. Then they won't trust the new Bitcoin so easily.

[traderethereum]

I agree, time will come 1 Bitcoin becomes almost impossible to have.

Yes, I agree with you that it is almost impossible to have 1 bitcoin in the future. But you have to accept that it is very unlikely that another bitcoin will be as popular, reliable and valuable as this one. And we never need to wait another 50 years for a new Bitcoin. It can be made a reality now. But will it be of any use? Because now everyone trusts this bitcoin. And now many new tokens/coins come to the market and end again.And so in this situation, who will guarantee that it can survive in the new bitcoin market? And I think after 50 years our generation will be better. Then they won't trust the new Bitcoin so easily.

But even though it's almost impossible, they can still try and as long as they keep trying, they can have 1 Bitcoin.
Those of us who still have opportunities at this time should be able to try harder because we can use many ways to have that 1 Bitcoin.
With so many tokens and coins on the market right now helping us to own more bitcoins and with this downturn in the market, it's another opportunity for us to buy more bitcoins.
Hopefully, we can have lots of bitcoins to pass on to our children and grandchildren later so they can use them better than us.

[mendace]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

It has already happened to fork Bitcoin and it has already happened that many projects (Ethereum among all) have tried to undermine it, but what were the results soon?  Obviously they have failed and will continue to fail.  Keep in mind that Bitcoin is a dog without a master and is free to do as it pleases while everyone else has their master.

[fennic]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

According to me Bitcoin native chain forks are based on Bitcoin chain. And they cannot be changed. Cause this is called Decentralization and also Blockchain.
And I do not know how you got such idea but I will say that having another Blockchain will make it just Altcoins not a folr coin like BCH, BCV etc.

[Rahul09]

I agree, time will come 1 Bitcoin becomes almost impossible to have.

Yes, I agree with you that it is almost impossible to have 1 bitcoin in the future. But you have to accept that it is very unlikely that another bitcoin will be as popular, reliable and valuable as this one. And we never need to wait another 50 years for a new Bitcoin. It can be made a reality now. But will it be of any use? Because now everyone trusts this bitcoin. And now many new tokens/coins come to the market and end again.And so in this situation, who will guarantee that it can survive in the new bitcoin market? And I think after 50 years our generation will be better. Then they won't trust the new Bitcoin so easily.

But even though it's almost impossible, they can still try and as long as they keep trying, they can have 1 Bitcoin.
Those of us who still have opportunities at this time should be able to try harder because we can use many ways to have that 1 Bitcoin.
With so many tokens and coins on the market right now helping us to own more bitcoins and with this downturn in the market, it's another opportunity for us to buy more bitcoins.
Hopefully, we can have lots of bitcoins to pass on to our children and grandchildren later so they can use them better than us.

You are right. We will never make mistakes like our descendants or us. If our forefathers or we knew about Bitcoin during 2012-2015 then we could have easily earned many Bitcoins for free. Because I heard that when Bitcoin first came to the market, everyone could easily earn through Bitcoin mining.And then if we could have earned Bitcoin and held it till now we would be among the richest people in the world. So after this, if I get such an opportunity again, I will never make a mistake. So that our sons and grandsons don't become fools like us.

[Dickiy]

The funny thing is that very thing has been ocuring during all the life of Bitcoin, its called "altcoins"... Doesn't mean they will succeed.

Yep, that's right, those efforts have been made since several years ago, but in the end, a clone is still a clone, nothing really rivals Bitcoin, with so many methods, lots of experiments, and with various types and forms of algorithms and utilities that we can say almost like Bitcoin but in the end, they are parasites on Bitcoin.
Of course, every generation in the next 50 to 1000 years will do the same thing as their predecessors to seek their own profit under the guise of the latest utilities and I'm sure of that, but in the end, it will also be the same thing in general as Altcoins and following the Bitcoin Cycle.

[seoincorporation]

We don't have to wait 50 or 100 years to see that happening, there are a lot of users right now with a fork of bitcoin and their own genesis block, but the problem is how to make all the world adopt your coin, if the new coins don't offer anything new then is hard for it to get adopted by the community.

And here is the main issue? why fork bitcoin if there are other coins with faster blocks and other features like smart contracts, they have more chance to get adopted by the community.

[Ryu_Ar1]

The funny thing is that very thing has been ocuring during all the life of Bitcoin, its called "altcoins"... Doesn't mean they will succeed.

Yep, that's right, those efforts have been made since several years ago, but in the end, a clone is still a clone, nothing really rivals Bitcoin, with so many methods, lots of experiments, and with various types and forms of algorithms and utilities that we can say almost like Bitcoin but in the end, they are parasites on Bitcoin.
Of course, every generation in the next 50 to 1000 years will do the same thing as their predecessors to seek their own profit under the guise of the latest utilities and I'm sure of that, but in the end, it will also be the same thing in general as Altcoins and following the Bitcoin Cycle.

Agree with what you said because in this case actually looking at the altcoin from its abbreviation alone it is known that it is an alternative coin which indeed if you look further this is only an alternative and of course this will not be able to resemble bitcoin in any case.
Bitcoin is still bitcoin forever it will not change with that and they are at their best it is certain that regardless of how many altcoins are circulating now it will not be able to match bitcoin in any way.

[jaberwock]

But even though it's almost impossible, they can still try and as long as they keep trying, they can have 1 Bitcoin.
Those of us who still have opportunities at this time should be able to try harder because we can use many ways to have that 1 Bitcoin.
With so many tokens and coins on the market right now helping us to own more bitcoins and with this downturn in the market, it's another opportunity for us to buy more bitcoins.
Hopefully, we can have lots of bitcoins to pass on to our children and grandchildren later so they can use them better than us.

It's not that hard for people who live in third world nations like me. My entire salary for 2 years equals to one bitcoin give or take, and when you consider that, it becomes clear that maybe I would never have one bitcoin, and that is fine. You could also get richer by working hard or at least participating in things that will make you rich quicker.

This is why I work hard and invest as much as I can every month and then I end up with participating in bounties and many other things none of which has made me rich so far, but maybe one day I will hit it lucky and make a good profit. That is why I will keep on working hard to make that a reality.

[Mate2237]

This generation of bitcoin will not die finished before 50-100 to come generation and that new generation can not invent bitcoin again, bitcoin can only be mentioned in that generation to continue the process. By then 1 BTC will be 1 billions plus or if the world order has changed and the cost of living has drastically reduce to the nearest minimum way then 1btc might also come down.

50-100 years to come will definitely changed the narrative nof bitcoin either it will be very high or very low.

[nara1892]

The funny thing is that very thing has been ocuring during all the life of Bitcoin, its called "altcoins"... Doesn't mean they will succeed.

Yep, that's right, those efforts have been made since several years ago, but in the end, a clone is still a clone, nothing really rivals Bitcoin, with so many methods, lots of experiments, and with various types and forms of algorithms and utilities that we can say almost like Bitcoin but in the end, they are parasites on Bitcoin.
Of course, every generation in the next 50 to 1000 years will do the same thing as their predecessors to seek their own profit under the guise of the latest utilities and I'm sure of that, but in the end, it will also be the same thing in general as Altcoins and following the Bitcoin Cycle.

The problem in this case is actually simple, we don't have to think too far about the next 50 or 100 years, we just have to think about what our focus is of course we have to look at in terms of our present age and our target for a few years.
No need to think about another 50 or 100 years because it's not certain that we can still be there, all you have to do is focus on being in bitcoin and buying while you can afford it.
and of course we also don't have to argue about bitcoin and altcoins because until whenever these can't be compared.

It's not that hard for people who live in third world nations like me. My entire salary for 2 years equals to one bitcoin give or take, and when you consider that, it becomes clear that maybe I would never have one bitcoin, and that is fine. You could also get richer by working hard or at least participating in things that will make you rich quicker.

This is why I work hard and invest as much as I can every month and then I end up with participating in bounties and many other things none of which has made me rich so far, but maybe one day I will hit it lucky and make a good profit. That is why I will keep on working hard to make that a reality.

Regardless of how hard our life is or how much our salary is as long as we have the desire, I think this can still be done and of course what you are doing is the right thing for now.
With DCA every month when the market is still like this it will obviously be very profitable and this is exemplary.

[crwth]

There might be something different in store for Bitcoin because, based on what's happening now is that it has become a store of value and not so much as a transactional payment method, so if the people holding BTC aren't moving it, it's going to be hard for the next generation to have some of it because there would be limited supply of it. So you must also consider that when talking about holding for future generations unless you would inherit something.

I do hope that the future generation will develop something beneficial for the future of cryptocurrency and make it more adaptable or something like that.

[traderethereum]

But even though it's almost impossible, they can still try and as long as they keep trying, they can have 1 Bitcoin.
Those of us who still have opportunities at this time should be able to try harder because we can use many ways to have that 1 Bitcoin.
With so many tokens and coins on the market right now helping us to own more bitcoins and with this downturn in the market, it's another opportunity for us to buy more bitcoins.
Hopefully, we can have lots of bitcoins to pass on to our children and grandchildren later so they can use them better than us.

It's not that hard for people who live in third world nations like me. My entire salary for 2 years equals to one bitcoin give or take, and when you consider that, it becomes clear that maybe I would never have one bitcoin, and that is fine. You could also get richer by working hard or at least participating in things that will make you rich quicker.

This is why I work hard and invest as much as I can every month and then I end up with participating in bounties and many other things none of which has made me rich so far, but maybe one day I will hit it lucky and make a good profit. That is why I will keep on working hard to make that a reality.

You have done the right thing for your life and I believe the hard work you are doing now will give good results in the future.
We also still have time to be able to collect 1 bitcoin and never give up before we can achieve it.
By owning investments in crypto, we have a path to have more money, especially if we focus on earning more bitcoins.
The process will not lie to us and anyone who has worked hard will get good results so that their lives will change for the better later.

[MarjorieZimmermanGinger]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

If you want to start from scratch, it's called altcoin or shitcoin, you don't have to wait 50-100 years because people are already rich investing in Bitcoin. Take part from now and see the results later. Usually the fork happens in the current chain not in the future.

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

It can be inherited, at least to our own children, but it matters how far we have engaged in collecting bitcoins as a long-term investment. While many other people have thought about investing in bitcoin and have done it.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

There will never be the same generation, bitcoin will still be bitcoin, while altcoins can become shitcoins and then die and disappear in the market. Facebook, Twitter and other social media grew rapidly in their time, no one can guarantee what they will be like in the next 50-100 years.

[borovichok]

There might be something different in store for Bitcoin because, based on what's happening now is that it has become a store of value and not so much as a transactional payment method, so if the people holding BTC aren't moving it, it's going to be hard for the next generation to have some of it because there would be limited supply of it. So you must also consider that when talking about holding for future generations unless you would inherit something.

I do hope that the future generation will develop something beneficial for the future of cryptocurrency and make it more adaptable or something like that.

The next generation have already inherit the trans- technology space from us and it's out duty to keep it safe and going for them. Bitcoin have come to stay and there's absolutely nothing one can do stop it's flow, rather it will keep on growing more popular and bigger. Our next generation will understand fully how the space of bitcoin works and operates and they will be beneficiary of the project. There's more extent to which Bitcoin can reach, we always hope for the good improvement of Bitcoin and our modern technology.

[South Park]

What if 50-100 years from now new generations just fork bitcoin from the beginning to start again because they were not part of the early wealth accumulation? 🤔

In 50-100 years the gap is going to be so massive. Someone born 50 years from now have almost zero chance to own 1 bitcoin while there will be people holding thousands.

Does that mean new generations will have the motive to start bitcoin over again and start spreading the same way Facebook did? Starting from college students and get mass adopted later on?

And why should we be afraid of that possibility? Do you have any idea of the amount of bitcoin forks and cheap copies of bitcoin that have existed over the years? If someone in the future decided to do it then no one is going to stop them, the difficulty for them will be to convince everyone else to use their shitcoin in which they have all the control and a lot of coins, does this sound as an event that has already happened? Yes, because it has already and as you may probably guess it did not work.

[Chrlie95]

It is possible that new generations may seek to create their own cryptocurrencies in the future. Cryptocurrencies are based on decentralized networks, which means that anyone can create their own version of a cryptocurrency by modifying the code and launching it as a new project. The question should be: What will determine the features of a good coin or token in the future?

[KingsDen]

It is possible that new generations may seek to create their own cryptocurrencies in the future. Cryptocurrencies are based on decentralized networks, which means that anyone can create their own version of a cryptocurrency by modifying the code and launching it as a new project. The question should be: What will determine the features of a good coin or token in the future?

This is not what Op is saying. There is a difference between cryptocurrency and bitcoin.  Cryptocurrency is not based on decentralized network, it is bitcoin that is decentralized .

Bitcoin has been forked already and there will be more forks but the majority will always follow the original bitcoin anytime.