Next generations on 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.