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Author Topic: How old would you be by 2140?  (Read 976 times)
Cryptomultiplier (OP)
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March 20, 2024, 10:28:47 PM
 #1

Let's be realistic for once and at least accept the truth that the idea of Bitcoin and cryptocurrencies will infact out live many of us now with as many more as 29 more halvings from the 32 Bitcoin halving estimated to happen every four years till 2140 when the 21 million BTC is expected to be in maximum supply.  BTC will be fully in existence and all mining activities will have to cease at the time.

Quote
The Bitcoin Halving is when Bitcoin's mining reward is split in half. It takes the blockchain network about four years to open 210,000 more blocks, a standard set by the blockchain's creators to continuously reduce the rate at which the cryptocurrency is introduced.
Source: https://www.investopedia.com/bitcoin-halving-4843769

So many FUD and FOMO has been created in order to poke holes at the vision of Satoshi Nakamoto for Bitcoin and to scare potential investors from investing in cryptocurrency, but one thing for sure is that all these cases only stands to test the authenticity and credibility of Bitcoin as a decentralized crypto currency with good store value and with potential of giving good profit.

I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?





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March 20, 2024, 10:47:47 PM
 #2

It has already been proven and a known fact that none of us who are active on this forum today will be alive to witness the last bitcoin halving, so it's not something new again. 
 
And to answer the next question: Bitcoin halving is not part of the reason most people invest in bitcoin; it's just that the halving reduces the reward the miners receive, which means the supply that is to go into the market will reduce, which will spike the price upward. 
 
We can't enjoy all the profit that will come from Bitcoin; let's just take what you can and leave the rest for those who will be here to enjoy it. Besides,  even before that time, you will be able to enjoy the benefits of your holdings long before the person gets very old and can transfer the holdings to the next generation if necessary.

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March 20, 2024, 11:00:01 PM
 #3

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.



 

 

 

 

 

 


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March 20, 2024, 11:28:50 PM
 #4

It has already been proven and a known fact that none of us who are active on this forum today will be alive to witness the last bitcoin halving, so it's not something new again. 
 
And to answer the next question: Bitcoin halving is not part of the reason most people invest in bitcoin; it's just that the halving reduces the reward the miners receive, which means the supply that is to go into the market will reduce, which will spike the price upward. 
 
We can't enjoy all the profit that will come from Bitcoin; let's just take what you can and leave the rest for those who will be here to enjoy it. Besides,  even before that time, you will be able to enjoy the benefits of your holdings long before the person gets very old and can transfer the holdings to the next generation if necessary.
I included a brief talk on the halving to iterate or bring to speed the newbies that may have been seeing the word fly around this forum without having as much understanding of it or as to why.

I also think with this reminder of how much time is left, it would be wise to key in and follow a plan to profit from BTC despite any FUD or FOMO.
We should do well to start teaching the younger ones or our offsprings or those we care for, about BTC and cryptocurrencies in general so that they can be fully equipped and engaged in it before we get old, tired and die with the knowledge and a wallet of coins.

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March 20, 2024, 11:41:18 PM
 #5

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
You are correct about that. 115 he assumes is just for a new born baby who will start counting from this day because those who might be 30+ or 40+ or 50+ may never even leave to see 2070 talk more of 2140 actually no one is thinking of such. I'm as much as people believe so much in Bitcoin doe not mean every one must leave to see the end of it but many will leave to see it. Just like most people may have prophesied about Bitcoin, but where not able to see the results of the prophesy probably because they are no more, but we are a living witness to it today. So shall we also goin' to prophesy about bitcoin and another generation will see it. Bitcoin is remain forever but man have limited days.
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March 20, 2024, 11:58:42 PM
 #6

FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?
By 2140, I'll have been old enough to have witnessed 10 American presidents.

I don't have any excuse for not investing in Bitcoin because I am already doing that. Rather you should ask me what's stopping be from expanding my knowledge about Bitcoin. And the answer is Bitcoin space is so wide that when I think about it, I don't know if I should focus on learning about mining, or the technical aspect. I am just too non-technical for it. I have a desire to teach Bitcoin to business executives but I am just too scared thinking that they may not be receptive enough.

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March 21, 2024, 12:10:53 AM
Last edit: March 21, 2024, 01:17:07 AM by NotFuzzyWarm
Merited by Darker45 (1)
 #7

Let's be realistic for once and at least accept the truth that the idea of Bitcoin and cryptocurrencies will infact out live many of us now with as many more as 29 more halvings from the 32 Bitcoin halving estimated to happen every four years till 2140 when the 21 million BTC is expected to be in maximum supply.  BTC will be fully in existence and all mining activities will have to cease at the time.
Emphasis is mine: Just because all 21MBTC will have been mined does NOT mean the end of mining. Mining will NOT cease because Rewards will have been replaced by the Fees as intended. Already many times this year block Fees have exceeded the 3.125BTC Reward coming up after the halving in April.

You do know that Bitcoin cannot exist without mining right?

Quote
* how old would you be by 2140?
I will be long dead by then so as old as I am when I die. Knock wood, around 85-95 or more years old based on my family history.
Quote
* What's your excuse for not investing in owning Bitcoin now?
Um, I've been mining since 2014 and already own more than enough BTC to last me...

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March 21, 2024, 12:46:30 AM
 #8

I'll rather get a different point from this topic, I think this should act as a motivation to many others thinking they are too late to start buying bitcoin this should be a motivation that bitcoin would far outlive many of us and we are still to early to be complaining about price, many of our generation woudl be blessed if we buy bitcoin and stkre for them even if we are no able to use it all or end up over accumulating, it's far better that way that to actually have none, apart from for our generation any one that holds bitcoin for up to 29 years whoke still in his youth and accumulating steadily maybe with up to 1k monthly DCA or weekly based on his income while his mate spend it on parties would be close to having  1 bitcoin in 3 years if he does it monthly and this is not a very bad achievement to accomplish in less than 20 years cause only God knows what bitcoin would be worth then.

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March 21, 2024, 12:55:29 AM
 #9

BTC will be fully in existence and all mining activities will have to cease at the time.

I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.

Quote
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

*I'm sure none of us here, and anybody alive today for that matter, would still be breathing in 2140, so there's no point asking for our age by then. We'd all be long dead already.

*I don't think there's somebody in this forum who has an excuse for not investing or owning Bitcoin. I don't think this question is reasonable here. This could be asked in some other non-Bitcoin centered forum.

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March 21, 2024, 01:36:03 AM
 #10

It's 116 years from now and if you will be born in 2024, you will not likely still be alive in 2140.

But the reality is worse than that, you were born much earlier than 2024 as now you can read, write, use devices to connect to Internet and access the forum. Very likely you are at least teenager at this moment so it is very impossible to be alive in 2140.

Even if you will be alive in that year, your body and mentality will not likely be good.

So please don't care about what will happen after you already die.

See Bitcoin controlled supply and Bitcoin Equivalent Network Time.

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March 21, 2024, 01:51:53 AM
 #11

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
As much as I agree with your sentiment, I can't help but be an optimist that it's never going to happen and the world ending weapons that superpower nations have are going to create a stalemate that would make it so that we live in an artificial kind of peace. I think that humanity would be able to survive until that time and even though the current politics is so heated, it's probably in our best interest to know that they're all empty threats and the media just wants us to get scared so we can't have meaningful thinking, all paranoia no dialogues. Regards to how old I'm going to be, I'd rather not answer that because it seems to me like it's on the side of personal information and I don't think I'll ever be revealing any of that but I'm definitely a dead man by that time and the only way that I can witness that is if along the way, we got rid of death or old age. I'm curious as to what's going to happen to this forum after those years, that's going to be something worth looking out for if you ask me, rather than the age of the people in the bitcoin space, it's the second most that I'm curious about.

To you @oktana, stop the doomscrolling on your social media, get out of the house, ask your friends or loved ones to go out with you, it's better if you enjoy each day and not be worried too much about what you can't control over the other countries, sometimes ignorance is a bliss.



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March 21, 2024, 02:13:39 AM
 #12

* how old would you be by 2140?
If I was still given life I would be 151 years old. But it seems that I won't make it to that age.

* What's your excuse for not investing in owning Bitcoin now?
My reason is to make a profit (money) to help improve the family's economic situation for the better. This is because my salary is certainly not enough for me to save for the future. So I currently use crypto investment partly for the short term and long term.

R


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March 21, 2024, 02:27:21 AM
 #13

Let's be realistic for once and at least accept the truth that the idea of Bitcoin and cryptocurrencies will infact out live many of us now with as many more as 29 more halvings from the 32 Bitcoin halving estimated to happen every four years till 2140 when the 21 million BTC is expected to be in maximum supply.  BTC will be fully in existence and all mining activities will have to cease at the time.
Bitcoin network is lively operating by Proof of Work (PoW) consensus.

Who works on the network?
Miners
Nodes

Bitcoin miners spend their inputs like ASICs (in the past are CPUs, FGPA, GPUs), to find blocks and get their income through both sources: block subsidy that halves every 210,000 blocks about 4 years; and from transaction fee.

Their income will be good if one of two income sources is good or both are good, it will be perfect for them.

Bitcoin network will continue after 2140 when all 21M bitcoins mined by miners, because miners will continue to get income by confirm transactions and receive transaction fee.

Bitcoin mining history
How is the 21 Million Bitcoin Cap Defined and Enforced?
What Will Happen to Bitcoin After All 21 Million are Mined?

Quote
What happens after all 21 million bitcoin are mined?

Miners don't only mint new coins - they also collect transaction fees. It's called a "block subsidy" for a reason - the issuance of new coins is only meant to help bootstrap the system while the transaction volume is low. As Bitcoin adoption increases, so does demand for (limited) block space and thus so do transaction fees.

R


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March 21, 2024, 02:30:08 AM
 #14

2140?

I'm not sure what we're thinking, but most of the people here are >100 years old and even >200 years old, but ironically we don't have enough longevity to see everything happen. It's like how the kings of the past thought about their current lives, vaguely, but always wished everything well in the future.

Because I have had some memorable experiences with bitcoin, I am sure that I will always be ready to buy bitcoin when I have free money, at this stage the excitement of growth brings excitement. There are many stories that are repeated as well as talked about bitcoin.









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March 21, 2024, 02:40:58 AM
 #15


I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

Obviously no one here will be alive at 2140. But you don't need to wait to be able to see that almost all bitcoin has been mined. And that date as well is just an estimate, so it could be +/-. That estimation is based on "every block is solved every 10 minutes". But no, some blocks have been found less than 10 minutes or more than.

https://en.bitcoin.it/wiki/Controlled_supply

And by year 2032, as per that table, almost 99% of bitcoin have been mined. So that time, for sure some of us will still be alive. As the last 1% will be mined till 2140. So we will get the feel already that again "almost all bitcoin has been mined already".

R


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March 21, 2024, 02:57:45 AM
 #16

Waiting for Bitcoin to finish in the mine will take hundreds of years from now, will we still be alive after 100 years? is it still a mystery, or we will only survive half of it. We don't expect to see what the future will be like with Bitcoin, we just have to give our next generation an understanding of how Bitcoin will work in the future. Giving an inheritance in the form of bitcoin assets would also be an extraordinary inheritance. we just need to be prepared for that.

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March 21, 2024, 03:44:31 AM
 #17

      The question is, is the world gone? It's hard to answer a question that hasn't actually happened yet. Then why do you want to know the ages of the community in that year? What is the connection with Bitcoin when you ask the age of the people here?

     While there's no doubt that it's okay for me to invest in bitcoin, I just can't quite figure out how your question relates to the topic discussed here in this section. It's like you gave a source link that is also unrelated to the title you made here.

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March 21, 2024, 04:02:58 AM
Last edit: March 21, 2024, 04:18:03 AM by CryptSafe
 #18

It is not necessary to know if one will be alive or dead when the last bitcoin would be halved. The process is already programmed or automated for that time, if I am not mistaken. So therefore, it would definitely take place when the time comes for bitcoin to halve. Currently, we are just a few weeks away from halving, and we are all anticipating a good turnout as a result of the forthcoming halving. So therefore, age should not be a hindrance to being an investor or  a bitcoin hodler. It would even be better because your children would inherit your bitcoin investment if you were no more, and it goes from generation to generation.

With the above, I see no reason why one can not have the zeal and passion to get bitcoin for themselves as a long term investment plan. Even though one can not buy bitcoin, one can render services to earn bitcoin in payment for the services rendered. Skills, freelancing, etc. are just some of the things that can earn one bitcoin if they choose to do so.  However, other business ventures can decide to accept bitcoin if they deem it fit to do so.

Nevertheless, I believe the fuds and fomos are just a strategy by some group of few individuals who are always at their convenience to cause pannick while manipulating the market in their own favor so  that the faint-hearted would be fast to sell in order not to get trapped in the market  while making huge profit from the market. Recently, this was the case in bitcoin market and as usual, there was a drop in the price of bitcoin, leaving room for them to invest, ie buy more bitcoin to add to their already existing portfolio and allow the price to rise so they could take more profit

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albon
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March 21, 2024, 05:16:56 AM
 #19

I also think with this reminder of how much time is left, it would be wise to key in and follow a plan to profit from BTC despite any FUD or FOMO.
We should do well to start teaching the younger ones or our offsprings or those we care for, about BTC and cryptocurrencies in general so that they can be fully equipped and engaged in it before we get old, tired and die with the knowledge and a wallet of coins.
Your response clarifies what you mean in your topic, and yes, indeed, everyone should teach their relatives, children, or even grandchildren everything related to this digital gold. Because certainly, no investor will live until 2140 and witness the 32nd Bitcoin halving event, so he should pass what he learned to his close ones or leave them a quantity of Bitcoin to secure their future and so that they can continue after him his career in this profitable field without interruption.

With their sufficient knowledge and necessary experience, they can also engage in Bitcoin investment. Perhaps 100 years from now, we could be a good memory for them and a reason for their future happiness from the wealth they managed to accumulate from their long-term investments and holdings over time. As Bitcoin rises to the highest peak and levels it has achieved in the past, there will be no more Bitcoins created, and miners will depend on transaction fees.

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BuyingBitcoin
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March 21, 2024, 05:22:59 AM
 #20

Every single one of us on this forum right now are millionaires. The amount of Bitcoins we own right now is worth millions by 2140. The truth is that none of us would be able to spend the money on goods and services since 2140 is outside our life expectancy.
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March 21, 2024, 05:55:37 AM
 #21

A lot of us would be dead by 2140 so I wouldn’t even bother saying what is my current age. Instead let’s talk about the oldest living person right now which is Branyas Morera and she’s 116 years old Grin. Let us say you somehow end up being one of a kind person and you live a lot longer than most people… how will you approach bitcoin by then? I know for a fact that bitcoin is here to stay but will it stay as the number one cryptocurrency for the next century? I don’t think so but if ever it is and you already bought your coins now and hold them until 2140… I am sure your kids and their kids even will be comfortable already no matter what  Grin

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March 21, 2024, 06:14:55 AM
 #22

Quote
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

1.By 2140 I will be 150 years old and I won't be alive for sure. I don't believe that the humans will successfully turn into cyborgs in the upcoming several decades. Grin
2.That's a weird question. Why would anyone in a Bitcoin forum have an excuse to NOT invest or own Bitcoins? You should ask this question in a forum or group of Bitcoin/crypto haters, who will have plenty of excuses to not invest in BTC.
Why should we even care about the long term future of Bitcoin(after 100 years or more). Nobody can predict what will happen after 100+ years. Maybe quantum computers will destroy the blockchain. Maybe digital money(both fiat and crypto) will become obsolete.

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March 21, 2024, 06:30:23 AM
 #23


I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

I’d be dead by 2140 and it would take a miracle for me to be still
alive by that time. I am already holding bitcoin but for others
who do not have bitcoin: it’s either they just don’t believe in it or
it’s too expensive and they can’t afford it. The latter is a justified
reason to be honest, it’s unfortunate but you can’t just throw everything just
to buy bitcoin. So I would understand if not all people can buy bitcoin.

But bitcoin will be here for the next 100 years so I say work hard right now
until you can finally afford to buy some bitcoin.









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March 21, 2024, 07:39:48 AM
 #24

 Well the raise of Man is on continuity, it's the enerst expectations of everything man that their children should inherit the success, therefore as Bitcoiner if as at 2140 one is not able to make it, let it be that Bitcoin has dominated the world and our upcoming generation enjoy the good work.

Just as those that develop fiat currency many are no more but it value and usage go round the world, so it will be in case of Bitcoin.

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March 21, 2024, 08:03:30 AM
 #25

Every single one of us on this forum right now are millionaires. The amount of Bitcoins we own right now is worth millions by 2140. The truth is that none of us would be able to spend the money on goods and services since 2140 is outside our life expectancy.

Well, we all have the opportunity to leave a good memory for our great-grandchildren. Just as with inheritances, which are considered family heirlooms passed down from generation to generation, we can help our next generations become better people or live better lives. Leaving just a certain part in a separate place will make a great gift, right? By no means am I turning into a madman who never spends something for himself, but it is quite possible to keep a small part for a long time. For memory. It's sad, but I think we would all be happy with such a gift.

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March 21, 2024, 09:06:32 AM
 #26

* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

That is if many of us presently will still be alive till then, 2140 is not a child's play, we have many years to come in achieving this, we may considers our children and grandchildren as the beneficiary of this particular period when the time comes, so what we are investing today is for the future of our coming generations to, this is to shows us that bitcoin has come to stay and will be for generations, i see no excuse no matter what for someone not to take advantage in making an investment today and secure the future for himself and his generations coming.

R


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March 21, 2024, 10:06:01 AM
 #27

BTC will be fully in existence and all mining activities will have to cease at the time.

I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.


But I don't understand this, can you explain more clearly? When all 21 million bitcoins have been mined, what does it mean to maintain mining machines? And who will operate those miners if they are no longer profitable for miners? I believe that if the price of bitcoin does not continue to increase and is no longer profitable for miners, then miners will soon give up mining and we do not need to wait until all the bitcoins are mined.

Also, we have no certainty that bitcoin will exist until then, discussion of what will happen in the next 100 years is quite vague.

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March 21, 2024, 10:08:58 AM
 #28

The year 2120 may come to earth but in that year 2140 I may not be alive on earth especially at the current average life expectancy of human being I have spent 40% of my life time so I may not be alive till 2100. Now my current age is 27 years so in 2140 my age will be 146 years which is not possible for a human being to live that long. Or in some other way there is no guarantee that one will live to be 146 unless a miracle occurs.

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March 21, 2024, 11:02:20 AM
 #29

Halving experience in Bitcoin makes me to respect it's creator, Satoshi Nakamoto, he really programed it to outlive everybody that's alive during the this period of it's adoption. So there's no need wondering if this valuable asset will outlive all of us, so we didn't have to worry about whether Bitcoin will vanish before our eyes, because it has been programmed from it's creation to outlive us. I don't see why at this stage of Bitcoin awareness, why people can still be skeptical about it's value in the future, I believe that in the far future, Bitcoin will take over most fiats, if not all of them.

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March 21, 2024, 12:18:26 PM
 #30

No man on this forum will be alive by 2140 and it doesnt bother me for any reason, I plan to stay for many years if God willing but seeing the future is not in my power to deliver, I just want to have a great life and leave a good example behind, money is a must as this will make your life more easier, there is nothing that money can do for you than this.

I have no reason to be out of Bitcoin, and as a matter of fact, Bitcoin turned my life around, the shame, the guilt, all the lookdown on me turned around when I came across bitcoin and today I am a multi millionaire in my currency, I plan to teach my offspring about embracing technologies, not even Bitcoin only, because the future will be more into tech than it is right now.

I have no regrets and I don't plan on having one before I leave this world behind, I promised myself to have a good life and touch the life of others who really deserve it, I might pass down my BItcoin to my kids too because I don't plan on having no Bitcoin behind before returning back to my creator.

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SPIN

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March 21, 2024, 02:02:39 PM
 #31

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
Same reason why we should be spending our funds to enjoy our profit , not to continues
holding our funds forever like early adopters doing now that even if their funds already
 reached millions yet they kept holding ,the world is so short that we have to savour every single moment.

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March 21, 2024, 02:25:59 PM
 #32

Every single one of us on this forum right now are millionaires. The amount of Bitcoins we own right now is worth millions by 2140. The truth is that none of us would be able to spend the money on goods and services since 2140 is outside our life expectancy.
Even if we can live till 2140, but my question is can we keep our bitcoins till then? People are planning to sell bitcoin when bitcoin reaches $100k or $1 million in the future to escape from miserable life and enjoy life. And holding bitcoin for 4 years or 10 years is an extremely difficult challenge and not too many people can do it, so never think about holding bitcoin for 50 years or 100 years. That sounds funny.

Also, there is no guarantee that bitcoin can exist or still be used until then, look at the development of technology and I believe that in the future something better than bitcoin will be created go out.

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March 21, 2024, 02:54:00 PM
 #33

I think that, realistically, none of us, who are currently on this forum, will even be close to surviving to the day when all BTC is mined. That being said, the most of Bitcoin has already been mined, and we'll likely live to the time when Bitcoin mining becomes insignificant because such small amounts are being mined. So the transition from mining to getting rewards mainly from transaction fees will happen gradually, and I don't think there will be any problems with Bitcoin once it's all mined. Unless, of course, other major events make Bitcoin no longer relevant at that distant point in time.

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March 21, 2024, 03:45:40 PM
 #34

~
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?
1. I'm more than 100 years old already at that time, but before I will die (*knock, knock), I will make sure that I will teach my children how to invest, and of course Bitcoin itself. I will make sure as well that they will teach it to their children through telling them the importance of investing in our lives, and how it can change our lives forever.
2. Hmmm, I don't need to excuse myself because I've been investing Bitcoin ever since 2018. It was a small amount though, but at least I'm investing. Smiley

TBH, I'm kind of thinking that this forum will be gone by 2140 already. Maybe people who are alive at that time will use a different forum or a different website to share their opinion there. The technology at that time has evolved that much already that we might see huge developments around Bitcoin and other coins as well or worse, Bitcoin might be non-existent at that time anymore because there's a new coin that has been created that obviously better than Bitcoin. I hope it will not happen, but I'm dead at that time so... I don't want to think too much about it. Cheesy

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March 21, 2024, 03:56:50 PM
 #35

Judging from the average life expectancy of people living around the world, I don't think there will still be anyone currently alive to witness 2140, which is approximately 116yrs from today, but only if in the future there wont be super humans with the power to live as long as they like through the use of technology. Lolz. But however, I have just been able to make a brief research about the average lifespan of people living all around the world, and as such, I was able to realize that the average life expectancy for people differs from one continent to another, of which  European & Oceanians happens to be the only continent with the longest average life expectancy in the world of 81yrs for woman and 75/76yrs for male, as shown below.


Link: https://www.statista.com/statistics/270861/life-expectancy-by-continent/

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March 21, 2024, 04:15:08 PM
 #36

It has already been proven and a known fact that none of us who are active on this forum today will be alive to witness the last bitcoin halving, so it's not something new again. 
 

You speak for yourself, I will only be 198, but then I guess that is well into middle age. Smiley

Surely if we consider occam's razor, and the fact that Satoshis can be further sub-divided, then there can never be a final halving.

Offgrid campers allow you to enjoy life and preserve your health and wealth.
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March 21, 2024, 05:36:28 PM
 #37

It has already been proven and a known fact that none of us who are active on this forum today will be alive to witness the last bitcoin halving, so it's not something new again. 
 

You speak for yourself, I will only be 198, but then I guess that is well into middle age. Smiley
Indeed, I speak for only myself; the right phrase could have been "most of us here" rather than "all of us." 
 
In the part of the world where I'm from, especially in my locality, it's hard to see someone who is aged between 100 and 150 years; they're barely seen. 
 
And if the last block is never going to be mined on the speculated date, then there is enough time for everyone to enjoy their life, both with bitcoin and what they do outside of that. 

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March 21, 2024, 05:47:28 PM
 #38

The halving itself isn't the primary reason for investing.  It's the underlying principle: a predictable reduction in supply over time.  Imagine a precious metal with a finite reserve – its scarcity contributes to its value.  Bitcoin's halving mimics this concept, potentially influencing its long-term price trajectory.

Focusing solely on maximizing personal profits before some distant halving misses the bigger picture.  Bitcoin represents a paradigm shift in financial systems.  Early investors in the internet or personal computers didn't foresee the full scope of their impact.  Similarly, Bitcoin's potential applications beyond a store of value are still unfolding.

A long-term perspective is crucial for Bitcoin investors.  While the next halving might not directly benefit us, it contributes to Bitcoin's overall narrative of scarcity and potential value appreciation.  The true benefit might lie in building wealth that can be passed on to future generations.

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March 21, 2024, 05:58:09 PM
 #39

I think most of the people will not be alive in the year of 2140 and nobody knows that what will be the situations in 2140 so enjoy the current life instead of thinking about 2140.
If we invest for taking benefit in 2140 then I think that we will not be able to enjoy our wealth currently and we also don't know that what will be the benefit of such investment for us.

We are unable to know about our life after an hour so how we can imagine a profit from bitcoin after 115 years. Such thing is just waste of time nothing else and saving and investment is necessary but I think that if we plan for such for longer period of time where there is no guarantee of our life is not a good idea.



 

 

 

 

 

 


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March 21, 2024, 06:00:46 PM
Last edit: March 21, 2024, 06:12:38 PM by Easteregg69
 #40

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March 21, 2024, 06:10:54 PM
 #41

2140?!?!!  I'm sure I will have been dead for damn near 100 years by then!  Most likely all that will be left of me will be an old pile of bones buried beneath a metal plaque covered in weeds that hasn't been visited in quite some time.  That's if I'm lucky...  Many others will be dust scattered in the wind.  I don't think any of us will still be alive, but who knows...  Maybe Elon will have us all living as code inside some computer by then, or maybe we already are and just don't know it.

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March 21, 2024, 06:39:20 PM
 #42

~Snip~


You need to understand that majority of people in this forum are not lesser than 20 years, this statistics is for forum members who have been in this forum at least 5 years ago. It is important for us to know that the milestone achievement we are soliciting for Bitcoin will stand out for the next generation so we live for the future and it will be great to see our offsprings giving us accolades of our achievements in this digital currency that we are embracing now when we are no more. It is also important for us to know that we may not witness the total adoption of this digital currency due to call of nature but we would be glad that we created something that would stand the test of time.

As regards to your question about how old we would be when the final Bitcoin that will sum up Satoshi's stipulated 21 million Bitcoins, in about 115 years from now when the last blocks of Bitcoin would be mined, I will be celebrating my 147 birthday where ever I found myself, lol.

Am not too sure but I think this topic will rather be suitable in the speculation board. I donno

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March 21, 2024, 06:54:30 PM
 #43

BTC will be fully in existence and all mining activities will have to cease at the time.

How would the network work and transactions get confirmed if there is no mining activity at all? So unless the Bitcoin blockchain's consensus mechanism is changed from PoW to something else, mining has to continue for as long as Bitcoin exists.

* how old would you be by 2140?

I will be over 140 years old if I manage to play tricks with death and avoid dying or simply find the fountain of life and drink the water and stay young and alive forever, but the odds for that are extremely tiny. So I'll probably be long dead by then.

* What's your excuse for not investing in owning Bitcoin now?

No excuse at all, I do own some of it and I will buy more when I'll feel the time is right.









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March 21, 2024, 07:07:49 PM
 #44

BTC will be fully in existence and all mining activities will have to cease at the time.

How would the network work and transactions get confirmed if there is no mining activity at all? So unless the Bitcoin blockchain's consensus mechanism is changed from PoW to something else, mining has to continue for as long as Bitcoin exists.

Yeah, he is wrong about that. Mining won't completely stop when all 21 million Bitcoins are mined.  They'll just be rewarded with transaction fees instead of new Bitcoins.

* how old would you be by 2140?

I will be over 140 years old if I manage to play tricks with death and avoid dying or simply find the fountain of life and drink the water and stay young and alive forever, but the odds for that are extremely tiny. So I'll probably be long dead by then.

Haha! "How long will you be dead?" is probably more on point.  Unfortunately, only the truly deceased have the answer to that one!

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March 21, 2024, 07:17:55 PM
 #45

Most of us will be dead by that time, that's the reality. I won't be able to witness how bitcoin will go by that year.

Mortality rate is high and the life expectancy nowadays is low. But if fortunately bitcoin and the world is still there by that time, miners will just have to mine for confirming them.

We will never know and satoshis by that time might be in greater value and fortune.



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March 21, 2024, 07:22:48 PM
 #46

I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?


With the epistle you wrote up there, I don't expect you to ask the first question because you and I will be skeletons in the grave by that time. I hope the person reading this in the year 2140 gives me some credit for saying this because I wouldn't be breathing by then Cheesy
OP, an average life span of normal human is 80 and if you are lucky, you could go to 90, only few numbers 1 out of 10 do reach 100 years without kicking the bucket, with my current age I don't think I need to discuss about my age in 2140 because I will be resting by then.

I have some Bitcoin but not fully gauge as I want to invest and that's because of my financial weight, not every one can afford to invest in Bitcoin and some people you see that didn't invest in Bitcoin is because they don't have money to pay bills, Bitcoin is investment is going to be the last thing they want to try out. In addition, not everyone will invest in Bitcoin even though it comes down to $10k.

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March 21, 2024, 07:46:06 PM
 #47

All of us who are on the forum right now will probably not be here in that year because looking at the age gap right now which is likely to be teenagers (who are at university because some people have said they are at university) and even older, im pretty sure that in 2140 we will not be here.

It will take more than a century to reach that year and the average human lifespan won't go much further than that so there's no need to make wishful thinking and just focus on the conditions we are currently living in because I think that's the best.
But on the other hand im quite grateful that in the conditions I live in now I can still be in bitcoin and know bitcoin exists even though it won't be able to be there until the end but i think its worth it because it's still in bitcoin in the early phases when compared to the next 1 century.

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March 21, 2024, 08:06:17 PM
 #48

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
Yes the earth will for certain still be in existence only that there will be so much atmospheric changes that will make life on earth based on the environment to be harsh due to huma activities against nature. 115 years is not 115 days so I don't think anyone of us will be alive 115years from now, not even those birthed today. One thing I have set my mind about life is that let me live for today and leave tomorrow for tomorrow people, in that way it's less worries for me about things I can't on my own change  of what tomorrow holds.
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March 21, 2024, 08:18:49 PM
 #49

It has already been proven and a known fact that none of us who are active on this forum today will be alive to witness the last bitcoin halving, so it's not something new again. 
Speak for yourself man, I pray for long life everyday and maybe, I'll be alive to witness it. It'll really be wonderful to witness  the full supply of BTC and the  new reward pattern for miners. It'll be a blessing to still exist by then.

 
Quote
And to answer the next question: Bitcoin halving is not part of the reason most people invest in bitcoin; it's just that the halving reduces the reward the miners receive, which means the supply that is to go into the market will reduce, which will spike the price upward. 
Halving is the main activity that spikes up the price of bitcoin by reducing supply hence creating an imbalance in the demand supply curve. Without the halving, bitcoin price may never go up by good margins.

I think halving is the main guy there that gives bitcoin value, so its one of, if not the main thing that  encourages bitcoin investment especially those that HODL.
 

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March 21, 2024, 08:18:54 PM
 #50

A lot of us would be dead by 2140 so I wouldn’t even bother saying what is my current age. Instead let’s talk about the oldest living person right now which is Branyas Morera and she’s 116 years old Grin. Let us say you somehow end up being one of a kind person and you live a lot longer than most people… how will you approach bitcoin by then? I know for a fact that bitcoin is here to stay but will it stay as the number one cryptocurrency for the next century? I don’t think so but if ever it is and you already bought your coins now and hold them until 2140… I am sure your kids and their kids even will be comfortable already no matter what  Grin
@Jet Cash said he will be in his middle age by then. No doubt most people might not be able to stay up to that age compared to how old they are right now, but I know of someone who is just 14 and is active on this forum, which, if you add his current age to this, will be around 130 years old, which is still not too much for someone to stay alive. 
 
their age people who take their health very seriously, and there is nothing wrong if someone spends up to 200 years on earth. What happens in the time of old when this was really nothing big to see people age that far? 
 
The. The only thing there is that the person might have more things to worry about than think about bitcoin progress; all his holdings might have either been spent or probably willed to their family and loved ones, who will then take control over what will happen to it afterward.

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March 21, 2024, 09:08:35 PM
Last edit: March 21, 2024, 09:29:36 PM by ndutndut
 #51

Actually, you need to know it first and you need to note it down. Even if the entire supply of bitcoin has been met, mining will still exist, as long as there are transactions then mining will continue to exist.

* how old would you be by 2140?
This is a very long time ago, who knows what will happen in 2140, it could be that in that year the world will end. But even if I had to live until 2140, that would mean I would be 156 years old.

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* What's your excuse for not investing in owning Bitcoin now?
There is no reason, because bitcoin is a scarce asset in the future. In fact, I think that if you don't invest from now on, you will regret it later.

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March 21, 2024, 11:32:15 PM
 #52

* how old would you be by 2140?
And as for 2140, I don't think I will be alive until that time and witness the total supply mined. Because it is a long time and many Bitcoin enthusiasts and users will not survive.

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* What's your excuse for not investing in owning Bitcoin now?
I will make no excuses for not investing in Bitcoin because I am already a Bitcoin investor and I am pretty convinced about it that how good bitcoin is. So my excuse will not be that I have already owned Bitcoin, now it will not matter to me later that I did not own Bitcoin, etc., because I am one of those who already own it.


BTC will be fully in existence and all mining activities will have to cease at the time.

I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.
Yeah, obviously it's simple if all the Bitcoin has been minted—I mean, 21 million. Even if the entire supply of Bitcoin i.e. 21 million miners is mined, Bitcoin mining will not stop. Because blocks will be mined and will end but transactions will not end and the miner will get a reward for validating this transaction. And so it will continue. Means the miner will not stop. 

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March 21, 2024, 11:50:31 PM
Last edit: March 22, 2024, 12:11:25 AM by oktana
 #53

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
As much as I agree with your sentiment, I can't help but be an optimist that it's never going to happen and the world ending weapons that superpower nations have are going to create a stalemate that would make it so that we live in an artificial kind of peace. I think that humanity would be able to survive until that time and even though the current politics is so heated, it's probably in our best interest to know that they're all empty threats and the media just wants us to get scared so we can't have meaningful thinking, all paranoia no dialogues. Regards to how old I'm going to be, I'd rather not answer that because it seems to me like it's on the side of personal information and I don't think I'll ever be revealing any of that but I'm definitely a dead man by that time and the only way that I can witness that is if along the way, we got rid of death or old age. I'm curious as to what's going to happen to this forum after those years, that's going to be something worth looking out for if you ask me, rather than the age of the people in the bitcoin space, it's the second most that I'm curious about.

To you @oktana, stop the doomscrolling on your social media, get out of the house, ask your friends or loved ones to go out with you, it's better if you enjoy each day and not be worried too much about what you can't control over the other countries, sometimes ignorance is a bliss.

No. This isn't about doomscrolling the media. I personally don't like consuming so much Media, and it doesn't matter if I did because what I said what realistic. Look at the wars going on. What happened to Ukraine was done by fellow humans. The one going on with Israel is even more evidence. We humans can even put an end to humanity before that time, or even if not at that time, eventually. But maybe I agree with you in this context that ignorance is bliss because not knowing all of this would let one ease out of it. However, it's just the fact about what's going on.



 

 

 

 

 

 


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March 22, 2024, 12:12:23 AM
Merited by Iranus (1)
 #54

BTC will be fully in existence and all mining activities will have to cease at the time.
I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.

But I don't understand this, can you explain more clearly? When all 21 million bitcoins have been mined, what does it mean to maintain mining machines? And who will operate those miners if they are no longer profitable for miners? I believe that if the price of bitcoin does not continue to increase and is no longer profitable for miners, then miners will soon give up mining and we do not need to wait until all the bitcoins are mined.

Also, we have no certainty that bitcoin will exist until then, discussion of what will happen in the next 100 years is quite vague.

It's a bit of a surprise that somebody who is a hero member and has been on the forum for more than 8 years thinks that mining stops as soon as all coins are mined.

Anyway, the role of miners is not merely to mine or extract coins as if they're miners of gold or whatever precious stone and metal, such that when the supply is depleted there's nothing else to mine and the operations stop. The role of miners in the Bitcoin system is to process transactions and add them to the blockchain. So, they continue to have an essential role even after the last Satoshi is mined. Transactions won't be confirmed without them.

If it isn't anymore profitable to mine, then many will stop. As a result, the difficulty in mining will fall. It may reach to a point when even a personal computer at home could be able to perform it. In which case, profit would be realized once again.

Whether we want to or not, we cannot wait until all coins are mined. We'd all be dead by then.

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March 22, 2024, 01:24:05 AM
 #55

BTC will be fully in existence and all mining activities will have to cease at the time.
I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.

But I don't understand this, can you explain more clearly? When all 21 million bitcoins have been mined, what does it mean to maintain mining machines? And who will operate those miners if they are no longer profitable for miners? I believe that if the price of bitcoin does not continue to increase and is no longer profitable for miners, then miners will soon give up mining and we do not need to wait until all the bitcoins are mined.

Also, we have no certainty that bitcoin will exist until then, discussion of what will happen in the next 100 years is quite vague.

It's a bit of a surprise that somebody who is a hero member and has been on the forum for more than 8 years thinks that mining stops as soon as all coins are mined.

Anyway, the role of miners is not merely to mine or extract coins as if they're miners of gold or whatever precious stone and metal, such that when the supply is depleted there's nothing else to mine and the operations stop. The role of miners in the Bitcoin system is to process transactions and add them to the blockchain. So, they continue to have an essential role even after the last Satoshi is mined. Transactions won't be confirmed without them.

If it isn't anymore profitable to mine, then many will stop. As a result, the difficulty in mining will fall. It may reach to a point when even a personal computer at home could be able to perform it. In which case, profit would be realized once again.

Whether we want to or not, we cannot wait until all coins are mined. We'd all be dead by then.

I know the role of miners is not only to mine bitcoins but they also play the role of processing transactions on the bitcoin blockchain. But as I emphasized, people continue to mine bitcoin because they still enjoy large profits from mining. But once all the bitcoins are mined, profits will certainly decrease significantly, and maintaining mining machines just to process transactions will not be feasible. Because the cost of mining machines is very expensive, not to mention other additional costs, but if it is as you say then we can use personal computers to process transactions at that time. Then everything is simpler and easier.

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March 22, 2024, 01:57:40 AM
 #56

All of us who are on the forum right now will probably not be here in that year because looking at the age gap right now which is likely to be teenagers (who are at university because some people have said they are at university) and even older, im pretty sure that in 2140 we will not be here.

It will take more than a century to reach that year and the average human lifespan won't go much further than that so there's no need to make wishful thinking and just focus on the conditions we are currently living in because I think that's the best.
But on the other hand im quite grateful that in the conditions I live in now I can still be in bitcoin and know bitcoin exists even though it won't be able to be there until the end but i think its worth it because it's still in bitcoin in the early phases when compared to the next 1 century.
This is what I also want to say, we should focus on the present and the near future, it is meaningless to raise hypotheses or questions that are 100 years away from us.

I just know that bitcoin is getting more and more valuable and it's getting harder and harder to own it. So I'm looking to collect as much as I can before it becomes too expensive an asset to own. I believe that if someone has more bitcoins in the coming years, they will definitely have a dream life and that is also my goal.

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March 22, 2024, 02:39:52 AM
 #57

BTC will be fully in existence and all mining activities will have to cease at the time.
I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.
~snip~

It's a bit of a surprise that somebody who is a hero member and has been on the forum for more than 8 years thinks that mining stops as soon as all coins are mined.

Anyway, the role of miners is not merely to mine or extract coins as if they're miners of gold or whatever precious stone and metal, such that when the supply is depleted there's nothing else to mine and the operations stop. The role of miners in the Bitcoin system is to process transactions and add them to the blockchain. So, they continue to have an essential role even after the last Satoshi is mined. Transactions won't be confirmed without them.

If it isn't anymore profitable to mine, then many will stop. As a result, the difficulty in mining will fall. It may reach to a point when even a personal computer at home could be able to perform it. In which case, profit would be realized once again.

Whether we want to or not, we cannot wait until all coins are mined. We'd all be dead by then.

I know the role of miners is not only to mine bitcoins but they also play the role of processing transactions on the bitcoin blockchain. But as I emphasized, people continue to mine bitcoin because they still enjoy large profits from mining. But once all the bitcoins are mined, profits will certainly decrease significantly, and maintaining mining machines just to process transactions will not be feasible. Because the cost of mining machines is very expensive, not to mention other additional costs, but if it is as you say then we can use personal computers to process transactions at that time. Then everything is simpler and easier.

Things happen gradually. It isn't like something is suddenly switched off once all coins are mined. Rewards are growing smaller and smaller until such time that there's none left. So there's a lot of time for adjustment and assessment and changes. Halvings happen every 4 years.

Supposedly, the price of Bitcoin will make up for the decreasing reward. So even if the reward would only be less than 0.1BTC a couple of decades from now, for example, it shouldn't be much of a problem because the price must have also risen a lot by then. The same is true when after the 1 Satoshi reward in 2136 until 2140, there'd be nothing else but transaction fees. The assumption is that the fees will be sufficient because of the level of adoption and the price of Bitcoin.

Whether all this will prove to be right or not in the end, we will never know. But we might face a somehow similar challenge within our lifetime. By 2052, the reward is already as low as 0.0244BTC. If the price of Bitcoin hasn't multiplied several fold by that time, it's going to be difficult for mining operators and many of them might shut down.

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March 22, 2024, 03:03:01 AM
 #58

Probably I was going to be around 140 years old around that time, so for sure it wasn't possible for me to reach that age since at this generation the highest age probably is going to be around 70 years old, I mean reaching that age was already going to be difficult for some people for sure, so not all of us is going to witness what is going to happen after all Bitcoin is all mined.

There are a lot of excuses for sure especially for some people, You dont know Bitcoin if you dont know Bitcoin you're not going to invest or put some money in it because you just don't have enough knowledge about it, you dont know what going to happen to your money, it is going to generate profit something like that. Bad image of Bitcoin, as we all know Bitcoin has a bad image in a lot of people because most of the news that relates to Bitcoin is connected to some illegal activities or most of the time scams, so a lot of people know Bitcoin as something related to a scam that's why they avoid it most of the time. There are a lot of excuse for it, but if you already know Bitcoin and have knowledge about it, I think there was no actual reason not to invest of it as we realize its potential I think it is always going to be worth it investment on it.

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March 22, 2024, 04:19:19 AM
 #59

* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?
- I may be dead before 2040 and maybe the younger generation of my lineage will be in custody of my Bitcoin. I don't think anybody in this forum will be alive except such a person is fortunate.

- One excuse that discouraged me from investing in Bitcoin was that I thought it was a scam. Some years ago many so-called crypto experts flooded my country and were organizing seminars where they claimed to teach people how to make money from cryptocurrencies. Many people ended up losing their money because most of them were scams. I was not scammed but many people that I know suffered financial losses from these platforms. They usually sell some worthless shitcoins to unsuspected participants or investors. This made me think that Bitcoin was also a scam.  

Now, ignorance is no longer an excuse but the economy is now my biggest impediment. Due to high inflation and the increase in the cost of goods and services, it is now very difficult to save money that will be used to invest in Bitcoin.

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March 22, 2024, 05:10:02 AM
 #60

To get closer to 2140 we have to wait another 116 years. Since we cannot predict the future with certainty, it is impossible to say exactly how many years the Creator will keep us alive. My life could stop in a minute so I'm not worried about where the next 2140 bitcoins are or won't be. I can plan on Bitcoin for the next 20 years or so. Leaving a legacy of Bitcoin assets to our children and grandchildren as just our Bitcoin legacy can be a really valuable legacy, as Bitcoin will increase in value over time. Keep them informed about the developments in the world of cryptocurrencies and prepare future generations.

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March 22, 2024, 11:14:51 AM
 #61

BTC will be fully in existence and all mining activities will have to cease at the time.
I though this was basic knowledge for all Bitcoin supporters, that mining doesn't stop even after the entire Bitcoin supply has been mined.

But I don't understand this, can you explain more clearly? When all 21 million bitcoins have been mined, what does it mean to maintain mining machines? And who will operate those miners if they are no longer profitable for miners? I believe that if the price of bitcoin does not continue to increase and is no longer profitable for miners, then miners will soon give up mining and we do not need to wait until all the bitcoins are mined.

Also, we have no certainty that bitcoin will exist until then, discussion of what will happen in the next 100 years is quite vague.

It's a bit of a surprise that somebody who is a hero member and has been on the forum for more than 8 years thinks that mining stops as soon as all coins are mined.

Anyway, the role of miners is not merely to mine or extract coins as if they're miners of gold or whatever precious stone and metal, such that when the supply is depleted there's nothing else to mine and the operations stop. The role of miners in the Bitcoin system is to process transactions and add them to the blockchain. So, they continue to have an essential role even after the last Satoshi is mined. Transactions won't be confirmed without them.

If it isn't anymore profitable to mine, then many will stop. As a result, the difficulty in mining will fall. It may reach to a point when even a personal computer at home could be able to perform it. In which case, profit would be realized once again.

Whether we want to or not, we cannot wait until all coins are mined. We'd all be dead by then.
Of course the role of miners may have to only become restricted to fewer tasks of which involves adding blocks of transactions to the Blockchain. The fees they earn by then may have to be lower than it is now and am sure only fewer miners will stick to just that task and this may lead some into other areas.

Who's to say whether the roles of miners will be lesser, if not more?
 We know that innovations can be developed to involve the help of miners and developers and just like the idea of cryptocurrencies, such innovations can help reshape the human race of technology and the fact that Blockchain technology doesn't only serve the cryptocurrency or mining industry makes whatever happens before 2140 very unpredictable for me except for Bitcoin idea of halving already in motion and would be complete by 2140.

AI, web3, Hedera Hashgraph, virtual reality is already being integrated into several sectors and soon don't we think AI will take over the jobs of miners before 2140, even if we don't get to be alive by then?

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March 22, 2024, 04:12:26 PM
 #62

There is so much documentation and discussion on that topic, hence, I think we have to move away from the eternal justification for others, that is, those justifications are there, well documented.
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 Now, it is about living in the present, the medium and long term in the corresponding frequency of life, and based on that your decisions with reference to bitcoin.

 

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March 22, 2024, 04:41:49 PM
 #63

That's show that everyone has to seat up in Bitcoin business, because is a life time business even our children we also benefits and witness every four years Bitcoin halving counting sessions to a new ATH. Therefore the best investment to our Little children is to buy Bitcoin and hold for them as well. Because Bitcoin halving we continue until I exit bas on my current age that should be 148yrs.

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March 22, 2024, 09:55:55 PM
 #64

2140 is very far friends, even the average human age is below 90 years per person, maybe we predict the lives of our grandchildren someday Grin . Indeed, this is like a prediction that will happen, but look at the new bitcoin, if the assumption is 2008 to date, it means that bitcoin is only 16 years old. How many times the ratio of possibilities that will occur. Maybe later there will be additional investments that allow earlier and many enthusiasts, I believe that bitcoin is a timeless legend. or maybe bitcoin will return to its roots because the liquidity (fiat) in the community movement decreases and even runs out and allows the second life in the bitcoin era to reappear again and again.
========================
By that time I will probably be 145 years old, may I live a long and healthy life Grin

If saving bitcoin, it depends on the character of the person and his confidence. I save bitcoin because of my awareness and gratitude even though it is a small portion of my expenditure share.









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March 22, 2024, 10:06:43 PM
 #65

The year 2140 is a long way off.  Predicting the viability of any technology, including Bitcoin, over such a vast timeframe is difficult. The cost barrier to entry for Bitcoin is a valid concern.  Imagine someone with limited resources being unable to afford even a fraction of a Bitcoin.  This creates an element of inequality within the cryptocurrency space.

The distinction you draw between disbelief and affordability is insightful.  Some may be genuinely skeptical about Bitcoin's long-term value, while others might simply lack the financial means to invest.  Both perspectives deserve to be acknowledged. Your encouragement to work hard for future Bitcoin investment is commendable, but it's important to emphasize responsible financial planning.  Diversification and considering risk tolerance are crucial before allocating resources to any volatile asset.

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March 22, 2024, 11:23:43 PM
 #66

I'd be close to 170 by then. Hell, I don't think I could live long enough to see 80 not unless if I have tons of money. I started relatively early compared to a lot of people here, and I still continue to put something in bitcoin whenever I have something extra. I would love to teach my niece and nephews about cryptocurrencies as early as now. Hopefully they carry on with doing this and make some fortune of their own. And also, hopefully, the world is still sane enough to not go into huge wars to ensure our tech only moves forward and cryptocurrencies like bitcoin still exist.

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March 23, 2024, 02:17:20 AM
 #67

I'd be close to 170 by then. Hell, I don't think I could live long enough to see 80 not unless if I have tons of money. I started relatively early compared to a lot of people here, and I still continue to put something in bitcoin whenever I have something extra. I would love to teach my niece and nephews about cryptocurrencies as early as now. Hopefully they carry on with doing this and make some fortune of their own. And also, hopefully, the world is still sane enough to not go into huge wars to ensure our tech only moves forward and cryptocurrencies like bitcoin still exist.
We're already growing old and there's absolutely nothing achieved to them, we're just rooming and looking for opportunities that will change my life for good. We have no control upon our longevity on earth, GOD gives and takes and there's probably no easier way than adjusting to the style of life we've found ourselves. This life is misery and we can never be too confident about ourselves because the system comes with different pattern. One will planning to live up to 80years old but what life have for you is entirely different.

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March 23, 2024, 03:08:01 AM
 #68

* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?
I'd be over 150 by that time comes 🤣 I may not even come to the 3-digit age as I will no longer be here. I'm crying, LOL. We will only let the next generation be the one to experience and ride with the wave of Bitcoin until the last halving.

For some other people, halving might not be the reason for them not owning Bitcoin now anytime soon. There are some other reasons, maybe they don't have any idea about it or they find it hard to understand especially for some people who are not into technology. Even if we are in the digital era, there are still some people who prefer to do their investment in tangible things, unlike us who completely understand this technology, its uses, and its capabilities.


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March 23, 2024, 04:26:04 PM
 #69

Quote from: oktana
Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
If the earth will be existing till 2140, I don't think we will still be alive because is very hard these days for people to live above 100 years on earth and, if you see the people that live above 100 years behave like little children.

I guess I will be in 117 old by then if God spears my life till then and nothing will make me come close to BTC investment because, old age will not allow me to view the market price very well like the way am monitoring BTC price every night and day to ensure I don't miss any bull run.

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March 23, 2024, 04:56:52 PM
 #70

~

I know the role of miners is not only to mine bitcoins but they also play the role of processing transactions on the bitcoin blockchain. But as I emphasized, people continue to mine bitcoin because they still enjoy large profits from mining. But once all the bitcoins are mined, profits will certainly decrease significantly, and maintaining mining machines just to process transactions will not be feasible. Because the cost of mining machines is very expensive, not to mention other additional costs, but if it is as you say then we can use personal computers to process transactions at that time. Then everything is simpler and easier.

Bruh, seriously....
This topic is making my head hurt, we all talk about Bitcoin here and we don't know the basics?

The cost of a mining machine is expensive because it gives you a huge profit!
When the reward goes to zero, then miners live on from fees and if the income is 100$ a day , there will be 100 miners splitting those into 1$ revenue per day and mine with a cheap miner with 4 chips and 4th/s. Bitcoin mining is not a traditional industry, the amount spent of bitcoin minign can go to zero, this doesn't mean suddenly there won't be any miners left, it takes one guy one asic and the chain goes on!

It's expensive now to run gear that will mine you the share of 1 btc because one BTC is worth 70k!
The daily reward is $59,171,021, if the daily reward will be just $59,171 there will simply be 1000x less mining machines!
That's all!

Of course the role of miners may have to only become restricted to fewer tasks of which involves adding blocks of transactions to the Blockchain.


Restricted to...do the same things as they do now?
Do you think that now miners do some magically completely different than just finding blocks?

Who's to say whether the roles of miners will be lesser, if not more?

You have no idea what Bitcoin mining is, right?


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_BlackStar
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March 23, 2024, 06:34:12 PM
 #71

Quote from: oktana
-snip-
If the earth will be existing till 2140, I don't think we will still be alive because is very hard these days for people to live above 100 years on earth and, if you see the people that live above 100 years behave like little children.

I guess I will be in 117 old by then if God spears my life till then and nothing will make me come close to BTC investment because, old age will not allow me to view the market price very well like the way am monitoring BTC price every night and day to ensure I don't miss any bull run.
Yes – this is an undeniable truth. I don't imagine any of us will be able to witness the last block being mined due to age - but mining will continue if miners are still making a profit from the activity. The lower the rewards they get, the fewer miners will be able to survive - meaning there will be fewer miners over time because they are unable to cover expensive operational costs.

Try to focus on the short term, for example the next 50 years – imagine how many mining industries are still surviving because the rewards are getting lower. I'm sure there are a lot of miners who quit because the rewards decrease - that will happen, but I think miners are still around.

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March 23, 2024, 06:51:12 PM
 #72

I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

The year 2140 is a long time away, and we will not be able to witness when the last bitcoin is mined and mining activity ceases. I can't imagine how things will be by then, but if this forum continues to exist, none of us will return to discuss what we're saying now. What if the world doesn't even exist by then? Rhetorical question, right? Nobody can tell.

Those who own some bitcoin now, no matter how small, and can save until then, implying that they will not be the ones to spend it by then, will be worth more than what we are seeing now as the projected price of bitcoin continues to rise, and no one can predict what will happen to it by that time; all I can hope for is that it becomes widely accepted by then.

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Dailyscript
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March 23, 2024, 08:34:58 PM
 #73

OP, certainly i wont be alive to see that year. But my investment will, passing from my heirs to their future heirs. I have laid the foundation and my children who would take after me will continue the steps i have taken. There is no joy greater than the fulfillment of your heart desires followed by the assurance that your offspring will do greater than what you have done. I am a proud bitcoiner and crypto enthusiast. I believe that cryptocurrency is the future and i will bring that light to my family so my heir will continue to believe in the advancement of digital technologies and how it can shape the world for good.

Am glad to be part of that change.

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March 23, 2024, 11:15:32 PM
 #74

Quote from: oktana
Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
If the earth will be existing till 2140, I don't think we will still be alive because is very hard these days for people to live above 100 years on earth and, if you see the people that live above 100 years behave like little children.

I guess I will be in 117 old by then if God spears my life till then and nothing will make me come close to BTC investment because, old age will not allow me to view the market price very well like the way am monitoring BTC price every night and day to ensure I don't miss any bull run.

It seems you made a mistake with you calculation Grin. Saying you’ll be 117 years by then means that you are currently 2 years old. Never knew we had 2 years old in the forum Grin.



Quote from: oktana
-snip-
If the earth will be existing till 2140, I don't think we will still be alive because is very hard these days for people to live above 100 years on earth and, if you see the people that live above 100 years behave like little children.

I guess I will be in 117 old by then if God spears my life till then and nothing will make me come close to BTC investment because, old age will not allow me to view the market price very well like the way am monitoring BTC price every night and day to ensure I don't miss any bull run.
Yes – this is an undeniable truth. I don't imagine any of us will be able to witness the last block being mined due to age - but mining will continue if miners are still making a profit from the activity. The lower the rewards they get, the fewer miners will be able to survive - meaning there will be fewer miners over time because they are unable to cover expensive operational costs.

Try to focus on the short term, for example the next 50 years – imagine how many mining industries are still surviving because the rewards are getting lower. I'm sure there are a lot of miners who quit because the rewards decrease - that will happen, but I think miners are still around.
I understand what you mean but 50 years isn’t short term. A lot of miners will quit indeed because the rewards would have been halved so many times between now and then.



 

 

 

 

 

 


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March 23, 2024, 11:32:06 PM
 #75

I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

Well, as someone still relatively young, I don't anticipate being alive by then, considering I'm currently 24. When you add 24 to 115, it equals 139 or 140. I doubt I'll still be alive by then, and even if I am, I may not understand or see value in investing in anything at that point. Just for the record, I'd probably be the oldest by then if I'm still around. So Bitcoin may not hold much significance for me at that time. it may be more relevant to my children, grandchildren, or even great-grandchildren.

However, one advantage I'll have by then is the knowledge of Bitcoin. That's why I'm grateful for the exposure I have to Bitcoin now. Whether I live to that period isn't my main concern. I still have many years ahead of me, and the decisions I make today will shape my future. Therefore, I've decided to start investing some money into Bitcoin this year. After making this decision, I've also resolved not to touch those funds for the next 30 years. It's an experiment of sorts, to see how the value of Bitcoin evolves from this year to three decades later. If I'm still alive by then, I'll return to this platform to share my experiences and the worth of Bitcoin from today to that future date.

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March 24, 2024, 02:19:21 AM
 #76

We should do well to start teaching the younger ones or our offsprings or those we care for, about BTC and cryptocurrencies in general so that they can be fully equipped and engaged in it before we get old, tired and die with the knowledge and a wallet of coins.

Yes. I strongly support your statement above and of course it also aims well for those of our next generation, where later our children will no longer have to bother looking for basic information in using BTC, especially for basic things.

*I'm sure none of us here, and anybody alive today for that matter, would still be breathing in 2140, so there's no point asking for our age by then. We'd all be long dead already.

Certainly, there are probably thousands of viewers who invest in smart ways in BTC because they know Bitcoin is not just a form of investment but will gradually become a changer of the current financial system.

Yes. The lifespan of life for the present is not the same age as the people before us and on average at the age of 69 we are old, frail and even have a call home (death).

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March 24, 2024, 08:31:58 AM
 #77

That's a very good question you have there, I think this is absolutely what everyone should be asking themselves and then leave it to be bothering us in order to push us buy bitcoin now. Most of us might not be here to see that future where the last bitcoin will be mined, so we shouldn't be having fear of what will happen and what not to happen in future.

I calculated my age with the year mentioned above I realised that I might be able to meet the last having by God's grace because it's not up to a 100 years and I usually have this convection of reaching up to a 100 years but it's not guaranteed we all know that but anyways I will keep buying bitcoin at least now matter small because it will definitely not finish in my time so I have no fear for purchasing.

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March 24, 2024, 08:58:11 AM
 #78

OLD! Keep it rental. You know what I am in to so you can get in to it too.

Drugs. And I don't need a fan boy to train. Balling feels cheaper than respect.

You better level before you get leveled. Lallalah.

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March 24, 2024, 10:01:46 AM
 #79

We should do well to start teaching the younger ones or our offsprings or those we care for, about BTC and cryptocurrencies in general so that they can be fully equipped and engaged in it before we get old, tired and die with the knowledge and a wallet of coins.

Yes. I strongly support your statement above and of course it also aims well for those of our next generation, where later our children will no longer have to bother looking for basic information in using BTC, especially for basic things.

If bitcoin really becomes popular and used globally, then we don't need to worry too much about educating our children about bitcoin. Because then the government and educational institutions will do it and do it even better than us. Additionally, educating children about bitcoin too early is not necessarily a good thing because it is not something that should be a top priority at their age.

*I'm sure none of us here, and anybody alive today for that matter, would still be breathing in 2140, so there's no point asking for our age by then. We'd all be long dead already.

Certainly, there are probably thousands of viewers who invest in smart ways in BTC because they know Bitcoin is not just a form of investment but will gradually become a changer of the current financial system.

Yes. The lifespan of life for the present is not the same age as the people before us and on average at the age of 69 we are old, frail and even have a call home (death).

The future is unpredictable, we don't even know how long bitcoin will last, so don't be too hasty in asserting anything. Even our own lifespan cannot be controlled or predicted, so do not try to predict things beyond your ability. For me, let's focus and live well for the present and the near future, don't waste time thinking about things that haven't happen centuries away from us.

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SmartCharpa
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March 25, 2024, 02:50:27 PM
 #80

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.

Without a doubt, you are correct. The age is huge, who could hit his or her chest and say that they pray to be alive and see 2140? By then, none of the people in this forum will be alive. Even a newborn will only be about 115 or 116 at that point, talk more about people who are already above 30. You know there comes an age when you will be wishing to die because you are too old to do anything on your own, sit in one place for a years, we might even get tired of living in this world. We all are going to be dead by then, so those who can see the year are not yet born. We are no meant to live forever, we won't be around to see what happens, so that will be a different story by then.

R


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March 25, 2024, 03:10:08 PM
 #81

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.

Without a doubt, you are correct. The age is huge, who could hit his or her chest and say that they pray to be alive and see 2140? By then, none of the people in this forum will be alive. Even a newborn will only be about 115 or 116 at that point, talk more about people who are already above 30. You know there comes an age when you will be wishing to die because you are too old to do anything on your own, sit in one place for a years, we might even get tired of living in this world. We all are going to be dead by then, so those who can see the year are not yet born. We are no meant to live forever, we won't be around to see what happens, so that will be a different story by then.


Let's focus on the present, I don't really know how to answer questions about the future like the OP's topic. We don't even know what will happen after a night of sleep, so how can we discuss what will happen 100 years later?

Nowadays, bitcoin is becoming a trend, a topic discussed all over the world and I am really happy to be a pioneer in the bitcoin revolution. Bitcoin is doing very well and outperforming other assets, but frankly, we have no guarantees that it can last the next 10 years, let alone the next 100. So let's enjoy the present and don't worry too much about the things we definitely won't experience.

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March 26, 2024, 08:21:21 PM
 #82

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.

Without a doubt, you are correct. The age is huge, who could hit his or her chest and say that they pray to be alive and see 2140? By then, none of the people in this forum will be alive. Even a newborn will only be about 115 or 116 at that point, talk more about people who are already above 30. You know there comes an age when you will be wishing to die because you are too old to do anything on your own, sit in one place for a years, we might even get tired of living in this world. We all are going to be dead by then, so those who can see the year are not yet born. We are no meant to live forever, we won't be around to see what happens, so that will be a different story by then.


Let's focus on the present, I don't really know how to answer questions about the future like the OP's topic. We don't even know what will happen after a night of sleep, so how can we discuss what will happen 100 years later?

Nowadays, bitcoin is becoming a trend, a topic discussed all over the world and I am really happy to be a pioneer in the bitcoin revolution. Bitcoin is doing very well and outperforming other assets, but frankly, we have no guarantees that it can last the next 10 years, let alone the next 100. So let's enjoy the present and don't worry too much about the things we definitely won't experience.

I agree. Adding to what you say, we don’t even know what technology will be in existence by then. What if Bitcoin will have its turn till a new innovation comes to place? It’s Just the same way we thought something else was the best before Bitcoin was created. From Bitcoin to Ethereum, and other Altcoins that has brought some idea somehow. Who knows what tech will be next.



 

 

 

 

 

 


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March 26, 2024, 08:44:28 PM
 #83

Every single one of us on this forum right now are millionaires. The amount of Bitcoins we own right now is worth millions by 2140. The truth is that none of us would be able to spend the money on goods and services since 2140 is outside our life expectancy.

By 2140, none of us will be alive to witness the event of the last halving and for those that will probably make it till then which I strongly doubt, they would be praying to be better off dead than alive because the existence in the world will be like hell to them and they will wish they’re not still alive by then. Even if they have a lot of bitcoin saved till then, they can’t enjoy it again as enjoyment comes with an healthy and strong body and soul for it.
Thinking that the amount of bitcoin everyone holds now will be a very huge value in the future just reflects how optimistic bitcoin holders are and also praying for a better future for bitcoin to be at its peak after every four years and continue to win globally as an acceptable and tradable currency of exchange.

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March 26, 2024, 09:04:10 PM
 #84

* What's your excuse for not investing in owning Bitcoin now?
This hits to those that still waiting for the dip. As they waited for it for a long time, they have gone out of their plans and have missed a lot because of their wait and plan of buying at a certain low price of Bitcoin.
If they've just listened to the folks that have told them to DCA while waiting, then, they won't be left behind on this bull run and they're also celebrating with us. But the problem with them is they are not able to secure themselves some bits by DCAing but instead, they choose to be patient but that patience of theirs didn't go into fruition because it isn't used at all.



 

 

 

 

 

 


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March 26, 2024, 09:05:21 PM
 #85

I agree. Adding to what you say, we don’t even know what technology will be in existence by then. What if Bitcoin will have its turn till a new innovation comes to place? It’s Just the same way we thought something else was the best before Bitcoin was created. From Bitcoin to Ethereum, and other Altcoins that has brought some idea somehow. Who knows what tech will be next.
Yes, it's possible Bitcoin won't remain popular for an entire century or even more, because the technology is in constant development and upgrades tend to be introduced in shorter intervals of time the more we advance in time and as technology gets widely adopted by more people than before. I think it's a fact Bitcoin will still exist for all these years coming ahead, but the possibility of existing without the interest and attention it has today from many people, is one of the predictable scenarios.

I can imagine some Bitcoins left to be mined, and rewards per block being too low, while miners who were active on this industry before already moving themselves to another sectors which will be profitable in the future. Probably sectors which don't even exist by now, but which will be discovered or created in the following decades.

If humans have success exploring the universe above us, I think that will be a sector of interest from many human entrepreneurs and businessmen.

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March 26, 2024, 09:18:50 PM
 #86

Now those who are involved with Bitcoin or have a proper idea or understanding about Bitcoin are basically no one below eighteen years then in 2140 everyone will be over 140 years old that means we may not be alive on earth even if there is an idea about Bitcoin at that time. Or those who survive will have amnesia and will lose all amnesia that has been revealed to people who know too much about Bitcoin.

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March 29, 2024, 07:29:14 AM
 #87

Absolutely. Bitcoin's resilience against FUD and FOMO showcases its core strength as a decentralized store of value. Looking ahead to 2140, the year of the last Bitcoin's mining, prompts reflection on the importance of long-term financial planning. Investing in Bitcoin now may offer significant benefits given its scarcity and growing adoption, making it worth considering regardless of age or concerns.
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March 29, 2024, 08:54:17 AM
 #88

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
This is another dimension to this discussion that cannot be completed without sounder either too religious or too scientific (Like in the case of global warming/climate change). Since we cannot know if the world will be in existence then or not, it will just make sense we do not go that direction.

On what it will look like when all 21 million bitcoin have been mined, I do not see much difference, it will just be setting the fee either from the sender side or the miner side and it will be based on market competition, another case of demand and supply market mechanism. This will not be the end of bitcoin but there will definitely be some panic at the beginning before a common ground is established. Like many people already commented, none of us active now will be there when it will happen.

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March 29, 2024, 09:13:15 AM
 #89

Absolutely. Bitcoin's resilience against FUD and FOMO showcases its core strength as a decentralized store of value. Looking ahead to 2140, the year of the last Bitcoin's mining, prompts reflection on the importance of long-term financial planning. Investing in Bitcoin now may offer significant benefits given its scarcity and growing adoption, making it worth considering regardless of age or concerns.

I'm not sure if I'll still be alive when the year 2140 arrives, but all I can say is that bitcoin has already shown its long term plan, so it means that this is a good indication that one of the things that will help us when it comes to financial matters is to invest in crypto, imagine? after 116 years the last bitcoin mining will be finished, that's when we will think that we should really invest here but of course not just putting money in here, it's better that everyone has knowledge before entering into any investment to avoid regrets once something went wrong.



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March 29, 2024, 09:47:06 AM
 #90

Now those who are involved with Bitcoin or have a proper idea or understanding about Bitcoin are basically no one below eighteen years then in 2140 everyone will be over 140 years old that means we may not be alive on earth even if there is an idea about Bitcoin at that time. Or those who survive will have amnesia and will lose all amnesia that has been revealed to people who know too much about Bitcoin.
Don't seal that deal yet OP, remember that the world doesn't just revolve around bitcoin, scientific advancements are happening too as of right now, who knows what medical marvel will be seeing in the near future, I'm sure that there's a lot of people that are invested into creating a way to circumvent old age so I'm not sure that death for us by that year is a certain thing, humanities obssession to live forever will never be extinguished so I'm sure that we would see some of us still staying strong or alive by that time, I too am hoping to see that event in bitcoin happen.



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March 29, 2024, 10:04:42 AM
 #91

Let's be realistic for once and at least accept the truth that the idea of Bitcoin and cryptocurrencies will infact out live many of us now with as many more as 29 more halvings from the 32 Bitcoin halving estimated to happen every four years till 2140 when the 21 million BTC is expected to be in maximum supply.  BTC will be fully in existence and all mining activities will have to cease at the time.

Quote
The Bitcoin Halving is when Bitcoin's mining reward is split in half. It takes the blockchain network about four years to open 210,000 more blocks, a standard set by the blockchain's creators to continuously reduce the rate at which the cryptocurrency is introduced.
Source: https://www.investopedia.com/bitcoin-halving-4843769

So many FUD and FOMO has been created in order to poke holes at the vision of Satoshi Nakamoto for Bitcoin and to scare potential investors from investing in cryptocurrency, but one thing for sure is that all these cases only stands to test the authenticity and credibility of Bitcoin as a decentralized crypto currency with good store value and with potential of giving good profit.

I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?
I can never live from this age till 2140, i can live till 2050-2060. Still, since humans are mortal, it cannot be said with certainty when they will die. Humans can die at any time, but as an average life expectancy, a human can live up to 63 years. No excuses here I am investing my way. But I am always using DCA method to invest I am just using DCA method to increase my investment. I am making my investment for a long time in which if I live I will enjoy it and if I die my family will get enjoy from my investment.

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March 29, 2024, 01:04:46 PM
 #92

* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?
We have people of different age groups connected in this forum, maybe many are 18 plus and many are 30 plus. But I think there may be no one under 18 who is connected to this forum. In 2140 we may have a lot of people connected to this forum who will not be alive because they will be too old the average life expectancy on earth is 70 thousand years plus. When the year 2140 hits the pages of history, maybe this forum and Bitcoin will be around, maybe many of us won't be around then.

I have no excuse not to invest in Bitcoin because I have been investing in Bitcoin all the time and will continue to do so in the future. From where I am now I am trying to buy bitcoins every month with a certain amount of my money and plan to keep it for a long time so that my next generation can use them. The price of bitcoin will continue to rise as our next generation comes along and they will see the price of bitcoin reach even greater heights.

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March 29, 2024, 11:26:36 PM
 #93

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.
This is another dimension to this discussion that cannot be completed without sounder either too religious or too scientific (Like in the case of global warming/climate change). Since we cannot know if the world will be in existence then or not, it will just make sense we do not go that direction.

On what it will look like when all 21 million bitcoin have been mined, I do not see much difference, it will just be setting the fee either from the sender side or the miner side and it will be based on market competition, another case of demand and supply market mechanism. This will not be the end of bitcoin but there will definitely be some panic at the beginning before a common ground is established. Like many people already commented, none of us active now will be there when it will happen.

Well, it doesn’t matter if the earth would or wouldn’t exists by then because it is very unlikely that anyone kf us will be alive by then, and those who would be alive will likely be suffering from dementia due to old age. Asides from that, what if we end up creating something new and better than Bitcoin before that time frame? Because humans have always created something new and better, always.



 

 

 

 

 

 


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March 29, 2024, 11:54:03 PM
 #94

At the rate technology is developing, I think by 2140 the concept of money will no longer exist, or at least not in its current form. So there may be no need for Bitcoin. Bitcoin fulfills our needs and the needs of two generations from now. It will be a completely different world in a hundred years. 30 years ago we didn't even have internet, now we are sending tourists to space. Mankind is moving very fast.

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March 30, 2024, 12:17:32 AM
 #95


* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

I can die at any moment, 2140 is far away! If we calculate the average life expectancy of people, then after the next 60-70 years, the maximum members of the currently active forum will not be in this world. There may be forums in 2140, but none of us who are currently in the forums will be there.

Personally I have no complaints about Bitcoin investing. I have invested in bitcoins and try to invest in bitcoins regularly. I am trying to make my investment long for me and my family's future so that if the price of Bitcoin increases in the future my investment will be useful for me or my family at important times.

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March 30, 2024, 05:41:40 AM
 #96

Tell me, would this earth still be in existence in 2140? Or would we humans probably destroyed it by then? I mean, look at the way the world is going. Well, it doesn’t even matter because there’s only going to be a super little amount of us who could be alive by then. Some of us have already lived half our lives and would be about maybe 140 - 170 years by then. Even for those birthed right now, they’ll be 115 years at that time, and that’s a lot.

Without a doubt, you are correct. The age is huge, who could hit his or her chest and say that they pray to be alive and see 2140? By then, none of the people in this forum will be alive. Even a newborn will only be about 115 or 116 at that point, talk more about people who are already above 30. You know there comes an age when you will be wishing to die because you are too old to do anything on your own, sit in one place for a years, we might even get tired of living in this world. We all are going to be dead by then, so those who can see the year are not yet born. We are no meant to live forever, we won't be around to see what happens, so that will be a different story by then.

Talking about if the earth will still be in existence in 2140? I think I'm not in the right position to answer the question, reason been that I can't predict the future,who knows if you and I will still be in existence till then,so I have absolutely nothing to say about that either, only God knows what will happen then.

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March 30, 2024, 08:25:59 AM
 #97

Let's be realistic for once and at least accept the truth that the idea of Bitcoin and cryptocurrencies will infact out live many of us now with as many more as 29 more halvings from the 32 Bitcoin halving estimated to happen every four years till 2140 when the 21 million BTC is expected to be in maximum supply.  BTC will be fully in existence and all mining activities will have to cease at the time.

Quote
The Bitcoin Halving is when Bitcoin's mining reward is split in half. It takes the blockchain network about four years to open 210,000 more blocks, a standard set by the blockchain's creators to continuously reduce the rate at which the cryptocurrency is introduced.
Source: https://www.investopedia.com/bitcoin-halving-4843769

So many FUD and FOMO has been created in order to poke holes at the vision of Satoshi Nakamoto for Bitcoin and to scare potential investors from investing in cryptocurrency, but one thing for sure is that all these cases only stands to test the authenticity and credibility of Bitcoin as a decentralized crypto currency with good store value and with potential of giving good profit.

I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?





I won't be alive by 2140, I will be long gone and forgotten, but one thing I know is that bitcoin will still be in existence and my legacies in bitcoin will be continued by my children I will leave behind. Many people who started bitcoin investment decade ago are no longer here lots of them have died, but bitcoin is still alive. Bitcoin is not just something for this generation alone, it both for this generation and the generations yet unborn. I will not be here for the last bitcoin halving but am certain that my generation after me will be beneficial of the last bitcoin halving.
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March 30, 2024, 08:28:34 AM
 #98

Absolutely. Bitcoin's resilience against FUD and FOMO showcases its core strength as a decentralized store of value. Looking ahead to 2140, the year of the last Bitcoin's mining, prompts reflection on the importance of long-term financial planning. Investing in Bitcoin now may offer significant benefits given its scarcity and growing adoption, making it worth considering regardless of age or concerns.

I'm not sure if I'll still be alive when the year 2140 arrives, but all I can say is that bitcoin has already shown its long term plan, so it means that this is a good indication that one of the things that will help us when it comes to financial matters is to invest in crypto, imagine? after 116 years the last bitcoin mining will be finished, that's when we will think that we should really invest here but of course not just putting money in here, it's better that everyone has knowledge before entering into any investment to avoid regrets once something went wrong.
What makes you not sure, trust me you will be long gone, simply adding a 115 yrs to your current age, do not even bother no one on this forum currently will experience that day, our account here would be inactive and dead. Permit me to correct you on this, when you use the word "Crypto", you are not making reference to Bitcoin rather to some other currencies. Bitcoin is called Bitcoin while every other Altcoins can be called Cryptocurrencies. We should be making decisions on how to continue accumulating Bitcoin and making much profits from it so we can enjoy every benefits while we last here because our time is limited, closer to our end than Bitcoin seems to an end, 115yrs from now is no big joke.

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March 31, 2024, 11:00:25 AM
 #99

At the rate technology is developing, I think by 2140 the concept of money will no longer exist, or at least not in its current form. So there may be no need for Bitcoin. Bitcoin fulfills our needs and the needs of two generations from now. It will be a completely different world in a hundred years. 30 years ago we didn't even have internet, now we are sending tourists to space. Mankind is moving very fast.

I doubt that there will be no concept of Money, the past, present and the future will rely on exchange of goods and service which in turn brings in value (Money). So as a state, government cannot stop or try to eliminate the monetary policies since they are in control of it and the world at large is runned on finances (Money).

We believe more greater development and promising differences to come in the future, but the truth is 95% of us in this forum wouldn't witness it. Before 2140 we may be dead, so our focus should be about now, beholding the best of bitcoin, barely 15 years of existence.
As we will be termed the Early Investors .

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UmerIdrees
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March 31, 2024, 05:07:28 PM
 #100

I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

I have no excuses as I am already investing and doing DCA in bitcoins.  Smiley
I think there would be none in this forum, who have any excuse for not investing in bitcoin as everyone here know the benefits and future of bitcoins.

By the way, no one among us will be alive by 2140. Even a child who is born today will have to wait for another 115 years to see the year 2140 (which is highly unlikely to happen). This means that none of us who are reading this topic, will be alive at 2140 to see that year or even see the last halving of bitcoin.

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April 01, 2024, 06:12:00 AM
 #101

The year 2140 is a long time away, and we will not be able to witness when the last bitcoin is mined and mining activity ceases. I can't imagine how things will be by then, but if this forum continues to exist, none of us will return to discuss what we're saying now. What if the world doesn't even exist by then? Rhetorical question, right? Nobody can tell.

Those who own some bitcoin now, no matter how small, and can save until then, implying that they will not be the ones to spend it by then, will be worth more than what we are seeing now as the projected price of bitcoin continues to rise, and no one can predict what will happen to it by that time; all I can hope for is that it becomes widely accepted by then.
There is no doubt that none of us will be around by that time because it's not humanly possible to live that long, even if one does live that long, they won't be able to say or do anything at all but just be on the bed. However, if the forum exists, our discussions will exist as well and we will be seen as seniors from history just like how we see older accounts and users from back in the 2009 or 2010 era and think they are historical existences.

Just like how we regret not buying Bitcoin when we first came to know about it a decade ago or so, our generations from that time will curse us for not doing the same this time, they will ask why our ancestors didn't buy Bitcoin when it was priced just $65k. And who knows? People from the next generations might be very fast and powerful with technology, they might be able to hack or exploit wallets and accounts from the past that have Bitcoins in them.

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Crypt0Gore
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April 01, 2024, 03:57:42 PM
 #102

I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

I have no excuses as I am already investing and doing DCA in bitcoins.  Smiley
I think there would be none in this forum, who have any excuse for not investing in bitcoin as everyone here know the benefits and future of bitcoins.

By the way, no one among us will be alive by 2140. Even a child who is born today will have to wait for another 115 years to see the year 2140 (which is highly unlikely to happen). This means that none of us who are reading this topic, will be alive at 2140 to see that year or even see the last halving of bitcoin.

If I can choose I don't even want to live up to 100 year in this world, I want to be gone, i have seen old people suffers because of their current bodies being too weak for them to manage, it's like another form of suffering.

I am a strong believer in Bitcoin and that's why I am investing very hard into Bitcoin, but everything must come to an end like they say, its possible that new innovations will best Bitcoin in the future, in the early 2000s not a single soul ever dream that something as good as Bitcoin will be created.

The same thing will happen someday again, this is why we must not dip our heads only into things that we believe in, as an investor we must be open to newer investment opportunities.

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tottong
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April 01, 2024, 05:00:13 PM
 #103

So many FUD and FOMO has been created in order to poke holes at the vision of Satoshi Nakamoto for Bitcoin and to scare potential investors from investing in cryptocurrency, but one thing for sure is that all these cases only stands to test the authenticity and credibility of Bitcoin as a decentralized crypto currency with good store value and with potential of giving good profit.


The test has been going on for a long time and now we can make a decision regarding the future of bitcoin.
I have never doubted Bitcoin's performance in the long term, even though there is a lot of FUD and FOMO everywhere because as far as I can see Bitcoin has shown itself to be much better than any other system that has ever existed. The authenticity and credibility of Bitcoin has shown how strong and guaranteed it is when people dare to make the decision to invest.

Quote
* how old would you be by 2140?
I was too lazy to calculate my age in that year, but physically I died at that age. So there is not much that needs to be commented on that year because what we need to see is how it is now, not talk about the future being too far away.

Quote
* What's your excuse for not investing in owning Bitcoin now?
I've been here for a few years and that means I've been consciously involved in bitcoin. But what makes me confident in bitcoin is because it can provide profits if invested correctly and bitcoin is always strong in maintaining its value.

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April 02, 2024, 03:35:17 AM
 #104



 
By this time ? i'm gonna be dead lol and even all of us here is surely  dead  Grin
Quote
I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?


i don't been excuses because I have been investing for long time now though there are ups and down so either to buy and to sell but that is what i need to take a serious look.

and by age? it doesn't matter because surely I will never see that year.









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Cookdata
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April 02, 2024, 09:40:39 PM
 #105

If I can choose I don't even want to live up to 100 year in this world, I want to be gone, i have seen old people suffers because of their current bodies being too weak for them to manage, it's like another form of suffering.

I am a strong believer in Bitcoin and that's why I am investing very hard into Bitcoin, but everything must come to an end like they say, its possible that new innovations will best Bitcoin in the future, in the early 2000s not a single soul ever dream that something as good as Bitcoin will be created.

The same thing will happen someday again, this is why we must not dip our heads only into things that we believe in, as an investor we must be open to newer investment opportunities.

If you add 80 years to your age, I'm very sure you would be 80 plus. As for me, I don't even know what age I want to de-exist but I don't want to reach the age where people don't see things in life to be important. I want to stop breathing when it's the right time and not to be struggling with life later. At this particular stage you will likely developed, have a serious one health issues or another, all for what? To see last Bitcoin to be mine? What if a consensus rules are agreed and change before that time.

Bitcoin will succeed with or without anyone of us in this forum because of the foundation the community has built from beginning and if there is an adjustment needed anywhere, soft fork or hard fork will be implemented and pass through, all this age things doesn't matter. The forum has loss good people that has made an incredible contribution to this forum and Bitcoin and more will still come.

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April 03, 2024, 01:38:04 AM
 #106

That's show that everyone has to seat up in Bitcoin business, because is a life time business even our children we also benefits and witness every four years Bitcoin halving counting sessions to a new ATH. Therefore the best investment to our Little children is to buy Bitcoin and hold for them as well. Because Bitcoin halving we continue until I exit bas on my current age that should be 148yrs.

We'll all be successful and fullfilled old people by then,bitcoin has delivered to this our time and generation,and its up to whoever that wants to sit up and make life easy for his/herself.
Personally,I don't think the age matters,because we sincerely don't know what might happen in the next six years,talk more of a hundred years to come.
We would all be guessing and laying our assumptions,expectations and predictions.The time is one,the hard work,sleepless night,the hustle and bustle activities should hold now;this is the current age for any who chooses and desires to be successful.

What happens to bitcoin or what will happen to bitcoin should not bother anyone,at least there should be something that you're trying to achieve and chase.Deal with it,with all Vigour,energy and produce the possibilities of your reality.

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April 03, 2024, 07:56:00 AM
 #107

I have no excuses as I am already investing and doing DCA in bitcoins.  Smiley
I think there would be none in this forum, who have any excuse for not investing in bitcoin as everyone here know the benefits and future of bitcoins.

By the way, no one among us will be alive by 2140. Even a child who is born today will have to wait for another 115 years to see the year 2140 (which is highly unlikely to happen). This means that none of us who are reading this topic, will be alive at 2140 to see that year or even see the last halving of bitcoin.

No one will want to avoid investment in Bitcoin but those who don't know anything about Bitcoin yet will not trust it anymore. The method of DCA is very successful and through the methodology of DCA when can get huge profit according to his investment and duration to keep his holding.

There will be no one in the year mentioned by the op because life is too short and we don't know that when we will leave this world. Some people invest for 100 of years but they don't know that after 100 of years they will be alive or not.

I am not saying that holding is a bad thing but I am saying that take your profit when you are in advantage because you don't know that how long you will live so if you cannot take benefit from your investment then there is no need to spend your life to collect money and save it.



 

 

 

 

 

 


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bitterguy28
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April 03, 2024, 08:04:19 AM
 #108


* how old would you be by 2140?
is it counted if i already dead?  Grin because that is 116years from now and for sure none of us will be still alive even the youngest one.


Quote
* What's your excuse for not investing in owning Bitcoin now?

I have no excuse because I am investing and invested in bitcoin already lol,

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