Bitcoin Forum
May 22, 2024, 11:18:43 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: It's 2140. All the Bitcoin is now mined, only mining transactions make $  (Read 162 times)
un_rank
Hero Member
*****
Offline Offline

Activity: 728
Merit: 691


- Jay -


View Profile WWW
August 17, 2023, 07:50:30 AM
 #21

As halving progresses, it will get to a point where a single bitcoin will be mined for decades cause the mining reward has become so small, smaller than the transaction fees already. So 2140 or whenever the last sat is mined will not be an epoch for bitcoin, but a culmination of changes that has happened several years before that time.

Everyone validates transaction, and there is no actual puzzles being solved.
Nodes validate transactions.

- Jay -

██████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
██████████████████████
.SHUFFLE.COM..███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
█████████████████████
████████████████████
██████████████████████
████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
██████████████████████
██████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
.
...Next Generation Crypto Casino...
Crypt0Gore
Sr. Member
****
Offline Offline

Activity: 868
Merit: 270



View Profile
August 17, 2023, 09:04:31 AM
 #22

I think mining won't be as profitable as it is today im the future because there is nothing left to mine, the only way left is through transaction fees, I believe the profit will be parallel until loads of people start adopting Bitcoin even more, the higher the number of people making transactions per day the better the profit for miners will be.

The crazy part is, imagine Bitcoin is acceptable in all stores worldwide, if that happen Miners will always go home with good money every day, I won't worry myself much since I won't live that long anyway.

Since transaction fee is all that's left, the hope of mining rewards in the future depends on the adoption rate and daily transactions on the Bitcoin Network.

█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█                             █
   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄          █
            ▄▄████████▄▄     █
     ▄▄▄▄▄▄██████████████▄   █
          █████▀▀  ▀▀█████▄  █
          █████      ██████  █
          █████▄▄  ▄▄█████▀  █
     ▀▀▀▀▀▀██████████████▀   █
            ▀▀████████▀▀     █
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀          █
█                             █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
|
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▄██████▀████░███▄██▄
███░████████▀██░████░███
███░████░█▄████▀░████░███
███░████░███▄████████░███
▀██▄▀███░█████▄█████▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
SSC NAPOLI
OFFICIAL EUROPEAN
BETTING PARTNER
|.
ROLLBOTS
|
▄▄███████▄▄
▄███████████████▄
▄███████████████████▄
▄██▀▀▀▀▀▀▀▀▀▀▀▀▀▀█████▄
▄█████████▀████████▀████▄
██████▄▄▄█████▄▄█████████
█████████████████████████
██████▀▀▀█████▀▀█████████
▀█████████▄████████▄████▀
▀██▄▄▄▄▄▄▄▄▄▄▄▄▄▄█████▀
▀███████████████████▀
▀███████████████▀
▀▀███████▀▀
ROLLBIT COIN
TRADE RLB NOW!
|█▀▀▀











█▄▄▄
.
   PLAY NOW   
▀▀▀█











▄▄▄█
lovesmayfamilis
Legendary
*
Offline Offline

Activity: 2100
Merit: 4316


✿♥‿♥✿


View Profile
August 17, 2023, 09:57:18 AM
 #23

OP loves to dream. But you're not the first person on this forum to ask this question. I think you will be interested in the early posts of people who, in the same way, set off into the future to predict what will happen to Bitcoin. Myself, I can say that it is always fun for me to read such comments and be surprised at the scope of the imagination of people who are not able to predict what will happen to them the next day. Grin

https://bitcointalk.org/index.php?topic=5441009.0
https://bitcointalk.org/index.php?topic=235926.0
https://bitcointalk.org/index.php?topic=1957719.0
https://bitcointalk.org/index.php?topic=2416872.0

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
icalical
Sr. Member
****
Offline Offline

Activity: 1372
Merit: 268


Graphic & Motion Designer


View Profile WWW
August 17, 2023, 11:28:02 AM
 #24

I am sorry I might be hated to say this lol, especially in a bitcoin forum, but I don't think by 2140 bitcoin is still exist. It will be remembered definitely as one of the biggest financial technology in the history, but by that year, people should see a much larger scale of blockchain and cryptocurrency. Let's just see how a storage technology has evolved on the last decade, 1TB wasn't even on the consumer market, now 1TB is fit into our pocket on a smartphone. the the hard-disk as we knew before is now obsolete we have solid state now.

Eternad
Hero Member
*****
Online Online

Activity: 1218
Merit: 596


When life gets hard BUY Bitcoin!


View Profile
August 17, 2023, 11:41:52 AM
 #25

I’m thinking that since Bitcoin price will be stable that time, Central bank will enter mining competition since Bitcoin transaction fee will be in demand and bank transfer will be useless since Bitcoin is possibly a legal tender already globally.

I believe Bitcoin will be the most valuable asset on earth since it’s price will continue to increase everytime the inflation is increasing too. The price will be stable increasing gradually as inflation hits hard the fiat economy.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
Z-tight
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1039


Only BTC


View Profile
August 17, 2023, 12:01:23 PM
 #26

I’m thinking that since Bitcoin price will be stable that time, Central bank will enter mining competition since Bitcoin transaction fee will be in demand and bank transfer will be useless since Bitcoin is possibly a legal tender already globally.
How do you know that BTC price will be stable then, or that bank transfers will be useless? Obviously you can't just guess with things like these, if BTC continues with this current growth it may be a legal tender in many countries by the time, but it is also possible that it won't. It is a very long time from now and many things could happen, some other decentralized currency created could even rival BTC by the time, we do not know, and the reason why op shouldn't have started another one of these threads.
I believe Bitcoin will be the most valuable asset on earth since it’s price will continue to increase everytime the inflation is increasing too. The price will be stable increasing gradually as inflation hits hard the fiat economy.
It may possibly happen the way you predict it, but it may not also. The world doesn't stop evolving, and even if BTC is indeed a special creation, who can say that by 2140 some asset or currency more special wouldn't have been created.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
Blitzboy
Hero Member
*****
Offline Offline

Activity: 1232
Merit: 556


Leading Crypto Sports Betting & Casino Platform


View Profile
August 17, 2023, 12:29:07 PM
 #27

Imagine a scenario in which every Bitcoin is mined, revealing the actual brilliance of the system. The transactions themselves will be the source of revenue for miners rather than the creation of new currency. The network must be maintained, you moron!

Although lovely, your naivete is totally misguided. Yes, you wont be here anymore, but your legacy for future generations will live on forever! You believe that this is "crazy stuff"? Reality is ringing your doorbell. BE AWARE!

If your coins do survive to the following generation, it is a monument to both your ignorance and the resilience of Bitcoin. Be prepared, flexible, and successful

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!