OgNasty
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March 21, 2024, 06:10:54 PM |
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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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Richbased
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March 21, 2024, 06:39:20 PM |
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~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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MFahad
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March 21, 2024, 06:54:30 PM |
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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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Marvelman
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March 21, 2024, 07:07:49 PM |
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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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boyptc
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March 21, 2024, 07:17:55 PM |
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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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Cookdata
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March 21, 2024, 07:22:48 PM |
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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](https://bitcointalk.org/Smileys/default/cheesy.gif) 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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Raflesia
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March 21, 2024, 07:46:06 PM |
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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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letteredhub
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March 21, 2024, 08:06:17 PM |
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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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DubemIfedigbo001
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March 21, 2024, 08:18:49 PM |
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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. 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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Nwada001
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March 21, 2024, 08:18:54 PM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) . 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](https://bitcointalk.org/Smileys/default/grin.gif) @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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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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ndutndut
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March 21, 2024, 09:08:35 PM Last edit: March 21, 2024, 09:29:36 PM by ndutndut |
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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. * 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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GbitG
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March 21, 2024, 11:32:15 PM |
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* 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. * 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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oktana
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March 21, 2024, 11:50:31 PM Last edit: March 22, 2024, 12:11:25 AM by oktana |
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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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Darker45
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March 22, 2024, 12:12:23 AM |
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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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Iranus
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March 22, 2024, 01:24:05 AM |
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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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Marvell1
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March 22, 2024, 01:57:40 AM |
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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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Darker45
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March 22, 2024, 02:39:52 AM |
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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 0.1 BTC 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 0.0244 BTC. 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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Asuspawer09
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March 22, 2024, 03:03:01 AM |
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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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Fiatless
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March 22, 2024, 04:19:19 AM |
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* 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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Essential10
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March 22, 2024, 05:10:02 AM |
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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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