Crypto's "Endgame"

[Abiky]

Have you ever wonder what Crypto's endgame would be? I mean, an event where it will mark the end of crypto for good. In the case of Bitcoin, I think it will die after the very last coin is mined, as miner incentives will unsustainable. But maybe, network fees alone coupled with market prices at the time will keep the network "chugging along" as usual. Others think that Bitcoin's "die" (or become utterly-centralized) once governments, companies, and banks accumulate all of the circulating supply.

There are many ways the entire crypto ecosystem can go down.

What would be your guess?

[DeathAngel]

Bitcoin & much of crypto is very resilient. Many coins have suffered >80% turn downs & still recovered & surged to new ATHs at a later date. I don’t know what could destroy crypto really, maybe the only thing that comes to mind is a banning of the internet & in that case, we would have much bigger problems than crypto failing.

[gunhell16]

Have you ever wonder what Crypto's endgame would be? I mean, an event where it will mark the end of crypto for good. In the case of Bitcoin, I think it will die after the very last coin is mined, as miner incentives will unsustainable. But maybe, network fees alone coupled with market prices at the time will keep the network "chugging along" as usual. Others think that Bitcoin's "die" (or become utterly-centralized) once governments, companies, and banks accumulate all of the circulating supply.

There are many ways the entire crypto ecosystem can go down.

What would be your guess?

Well, I think you also know that no one really knows what will happen in the future regarding Bitcoin and other cryptocurrencies, even if we say that some of them are at the top.
What’s important right now is that we’re getting chances to save through Bitcoin and other cryptocurrencies.

And even if the time comes when all the Bitcoin has been mined, I believe Bitcoin and other top altcoins that we can say have potential in the market will still continue
to exist that’s how I see it, honestly.

[passwordnow]

It's hard to bet on the end game. We individuals have our very own end game and exit for the market but this is here to stay at least. As for the miners fee, we will never get to see that the last coin will be mined by that time because we're likely no longer existing from this world. There is no way to determine how cryptocurrency is going to end unless some events that will stop it wholly. I wouldn't say that it's too big to fail, the chance is still there but it's established already and I don't think that there are organizations, countries or institutions that want it down.

[Orpichukwu]

I have left that thinking for the next generation to worry about. I know most of us won't even be here until the last bitcoin is mined, talk more of when everything that has to do with crypto will come to an end. I want to focus more on what I will witness rather than what I will not be here to witness for the time being, thinking about the profit to secure and the rest of them.

[Abiky]

Bitcoin & much of crypto is very resilient. Many coins have suffered >80% turn downs & still recovered & surged to new ATHs at a later date. I don’t know what could destroy crypto really, maybe the only thing that comes to mind is a banning of the internet & in that case, we would have much bigger problems than crypto failing.

Well, most cryptocurrencies are dependent on Bitcoin alone to survive. So if Bitcoin dies, so will the rest of the other altcoins. I'm talking about market prices. Core blockchain networks will remain active, as long as there are nodes and miners/validators supporting them. The real "kill switch" would be shutting down the Internet for good. But we all know how disruptive that would be around the world. Governments, banks, and businesses will suffer dearly.

The other option would be to shut down power/electricity worldwide. Or at least, a large portion of it. But again, it will affect other entities besides Bitcoin and its variants. An endgame is hard to fanthom, especially in truly-decentralized cryptocurrencies such as Bitcoin and Litecoin. It's possible that such coins will last forever. Just my two sats.

[uneng]

I imagine a scenario where a massive global war happened, cutting access to internet for most people, at same time there would be food and water shortage, so investments and money wouldn't be a priority anymore. Society would have to be reorganized, restarted, and then Bitcoin plus its altcoins pairs would completely lose attention and importance from that moment on.

Would it be a worthy price to be paid for humanity to have a chance to review its values and regenerate itself?

[zeuner]

In the case of Bitcoin, I think it will die after the very last coin is mined, as miner incentives will unsustainable.

Whether transaction fees won't suffice as an incentive is something that's yet to be experienced.

But even then, if there are enough users by then, the more likely scenario rather than letting it die would be someone forking it with a changed coin supply schedule.

[coin-investor]

Have you ever wonder what Crypto's endgame would be? I mean, an event where it will mark the end of crypto for good. In the case of Bitcoin, I think it will die after the very last coin is mined, as miner incentives will unsustainable. But maybe, network fees alone coupled with market prices at the time will keep the network "chugging along" as usual. Others think that Bitcoin's "die" (or become utterly-centralized) once governments, companies, and banks accumulate all of the circulating supply.

The last Bitcoin will be mine in 115 years. We have all gone to see what the scenario will be, so we can only speculate but Based on this article;

If Bitcoin in 2140 essentially serves as a store of value rather than for daily purchases, then it's still possible for miners to profit—even with low transaction volumes and the disappearance of block rewards. Miners could charge high transaction fees to process high-value or large batches of transactions, with more efficient "layer 2" blockchains, such as the Lightning Network, working in conjunction with the Bitcoin blockchain to facilitate daily Bitcoin spending.

Many things could happen 115 years from now; we don’t even know if the blockchain will be disrupted or if another cryptocurrency will emerge that surpasses Bitcoin.

It's challenging to have a clear understanding of Bitcoin’s endgame, and what could happen to Bitcoin’s endgame could also happen to other coins.

[Abiky]

I imagine a scenario where a massive global war happened, cutting access to internet for most people, at same time there would be food and water shortage, so investments and money wouldn't be a priority anymore. Society would have to be reorganized, restarted, and then Bitcoin plus its altcoins pairs would completely lose attention and importance from that moment on.

Would it be a worthy price to be paid for humanity to have a chance to review its values and regenerate itself?

You're taking about WW3 or a full-scale nuclear war. Yes, crypto will be disrupted if such scenario happens. The least people will think about is money. That's assuming all nodes and miners have a physical presence on Earth. But what if they're deployed in space? Like in the Moon, or Mars for that matter? Then a catastrophe such as a nuclear war or the Earth losing its magnetic field will have no effect over the Blockchain's health.

At this point, I think the community has figured it out. Perhaps, a wealthy person such as Elon Musk or CZ will make this a reality in the future. At least we know, truly-decentralized cryptocurrencies will stand the test of time. But centralized counterparts? They'll be "dead" before you know it.

[JeffBrad12]

I imagine a scenario where a massive global war happened, cutting access to internet for most people, at same time there would be food and water shortage, so investments and money wouldn't be a priority anymore. Society would have to be reorganized, restarted, and then Bitcoin plus its altcoins pairs would completely lose attention and importance from that moment on.

Would it be a worthy price to be paid for humanity to have a chance to review its values and regenerate itself?

You're taking about WW3 or a full-scale nuclear war. Yes, crypto will be disrupted if such scenario happens. The least people will think about is money. That's assuming all nodes and miners have a physical presence on Earth. But what if they're deployed in space? Like in the Moon, or Mars for that matter? Then a catastrophe such as a nuclear war or the Earth losing its magnetic field will have no effect over the Blockchain's health.

At this point, I think the community has figured it out. Perhaps, a wealthy person such as Elon Musk or CZ will make this a reality in the future. At least we know, truly-decentralized cryptocurrencies will stand the test of time. But centralized counterparts? They'll be "dead" before you know it.

In time like that even gold and paper money become useless. If bitcoin could have node in the space as well as internet. It instead could be the new global currency since that means it's the most resilient store of value.

However, if full scale nuclear war takes place. We shouldn't be concerned about technology anymore, instead I'm pretty sure we gonna face extinction because the radiation.

[markm]

In the case of Bitcoin, I think it will die after the very last coin is mined, as miner incentives will unsustainable.

Whether transaction fees won't suffice as an incentive is something that's yet to be experienced.

But even then, if there are enough users by then, the more likely scenario rather than letting it die would be someone forking it with a changed coin supply schedule.

Long long long ago one of the "early" experimental "alts", IXCoin, set out to explore that eventuality.

As the first post of that thread I just linked mentions, IXCoin began with a "pre-mine", which, as that same post also mentions, it eventually "un-did".

Meanwhile though, almost immediately after the launch of IXCoin, the grass-roots sentiment of those times, which seemingly-unlike nowadays was that any "pre-mine" is "unfair" and "not good" and so on, was reflected by the launch of a sister-coin, I0Coin, the 0 (zero) in its name referring to its "zero pre-mine".

Both "experiments" / "empirical proofs of concept", IXCoin and I0Coin, are still running and still trading on three venues: Stellar, HORIZON and FreiExchange (see IXC/BTC and I0C/BTC).

Both are listed on CoinMarketCap, albeit without including the stats from HORIZON and Stellar platforms, see https://coinmarketcap.com/currencies/ixcoin/ and https://coinmarketcap.com/currencies/i0coin/ but hmm looks like the I0Coin page is for some reason currently not even showing the FreiExchange stats, and searching for I0C also finds at least one scam "resurrection" token pretending to be a "resurrection" of this coin that has been running and trading continuously since well over a decade ago so never actually died thus has never been eligible for "resurrection".

The results so far do not seem to bode a lot of ill for bitcoin's fate come the far-away day folk were concerned about.


-MarkM-

[Kelward]

Anything that can bring "end game" for cryptocurrency especially Bitcoin will most likely not be because of cryptocurrency itself but a bigger devastation. I believe that it has to be something catastrophic that will affect the whole world, maybe a shutdown of the internet globally. If such were to happen I don't think that our cryptocurrency would be out only worry because it'll be a total shutdown. Nothing is a certainty that it'll happen as we planned yet we make plans for the future. If we are occupied by negative energies I don't think that anybody will have the zeal to plan for the future.

[thenextking]

Have you ever wonder what Crypto's endgame would be? I mean, an event where it will mark the end of crypto for good. In the case of Bitcoin, I think it will die after the very last coin is mined, as miner incentives will unsustainable. But maybe, network fees alone coupled with market prices at the time will keep the network "chugging along" as usual. Others think that Bitcoin's "die" (or become utterly-centralized) once governments, companies, and banks accumulate all of the circulating supply.

There are many ways the entire crypto ecosystem can go down.

What would be your guess?

There is no endgame for crypto or Bitcoin in sight, unless there is zero electricity in the world and that is also none in sight.
The incentives will keep Bitcoin rolling but miners will be lower, remember even a few computers would still keep Bitcoin rolling.

Your thinking is very short sight

[Dunamisx]

It is not over yet, maybe we are just beginning.

This same crypto has so many opportunities and the same way we must be able to picture it as being widely applicable on various aspects and this comes also with the opportunities that we may earn from them once we are able to align with the right positionings for them, but when we aren't up to date about things going on and the necessary steps expected of us to do, we may not meet up the target for the full delivery of opportunities.

[Abiky]

In time like that even gold and paper money become useless. If bitcoin could have node in the space as well as internet. It instead could be the new global currency since that means it's the most resilient store of value.

However, if full scale nuclear war takes place. We shouldn't be concerned about technology anymore, instead I'm pretty sure we gonna face extinction because the radiation.

Gold and paper money can be used offline, whereas Bitcoin cannot (sort of). They can be used during times of crisis. It's true that people won't think about money during survival. But how are they're going to buy food or supplies in times of need? Are they going to steal them? So even if there's a WW3/nuclear war/apocalypse, crypto will still be used by the people. Although, Blockchain networks will be severely-disrupted due to limited infrastructure. Especially if we're talking about the power grid or the Internet shutting down at a large scale.

Perhaps, it will take decades before the world sees crypto coming down to an end. The "party" is just getting started. I'd diversify my investment into other assets just to be safe.

[nelson4lov]

I've always had concerns about Bitcoin's future at the time when block rewards are no longer available and awarded to miners. The hope is that the transaction fees will be enough to inventivize miners to continue processing transactions on the network. I have shared those concerns in the bitcoin discussion section of the forum but they are immediately dismissed and often classified as fud. We won't likely be alive to witness it so it's hard to say.

[o48o]

You're taking about WW3 or a full-scale nuclear war. Yes, crypto will be disrupted if such scenario happens. The least people will think about is money. That's assuming all nodes and miners have a physical presence on Earth. But what if they're deployed in space? Like in the Moon, or Mars for that matter? Then a catastrophe such as a nuclear war or the Earth losing its magnetic field will have no effect over the Blockchain's health.

At this point, I think the community has figured it out. Perhaps, a wealthy person such as Elon Musk or CZ will make this a reality in the future. At least we know, truly-decentralized cryptocurrencies will stand the test of time. But centralized counterparts? They'll be "dead" before you know it.

In case of full scale nuclear war, do you think that people will be using their remaining energy sources to run some bitcoin nodes? Even in space? That doesn't make much sense.

Value of bitcoin is based on demand and supply, so what do you think demand will be when most of humanity has died? And it would definitely die. It's not like Elon would take us in space. If he was considered about helping other humans he would already use his wealth to do something about it. But it seems like opposite is happening, and cutting help was more in his wheelhouse.

Handful of remaining people in space would have more acute problems then how to trade.

[Abiky]

In case of full scale nuclear war, do you think that people will be using their remaining energy sources to run some bitcoin nodes? Even in space? That doesn't make much sense.

Value of bitcoin is based on demand and supply, so what do you think demand will be when most of humanity has died? And it would definitely die. It's not like Elon would take us in space. If he was considered about helping other humans he would already use his wealth to do something about it. But it seems like opposite is happening, and cutting help was more in his wheelhouse.

Handful of remaining people in space would have more acute problems then how to trade.

If most of humanity has died, Bitcoin (or money) won't be that important to the remaining survivors. I mean, what use will it have? The only ones that will make use of Bitcoin would be robots and AI.

Either way, running Bitcoin nodes in space isn't a far-fetched idea. It's a "fail-safe" in case things go wrong on Earth. More like insurance against natural disasters (acts of God) or totalitarian states. I believe it's going to take decades, if not centuries, before crypto reaches its end. Assuming there's no calamity before then. Who knows what surprises lie ahead?

[imthegreat]

Have you ever wonder what Crypto's endgame would be? I mean, an event where it will mark the end of crypto for good. In the case of Bitcoin, I think it will die after the very last coin is mined, as miner incentives will unsustainable. But maybe, network fees alone coupled with market prices at the time will keep the network "chugging along" as usual. Others think that Bitcoin's "die" (or become utterly-centralized) once governments, companies, and banks accumulate all of the circulating supply.

There are many ways the entire crypto ecosystem can go down.

What would be your guess?

Sometimes I think this is possible. This scenario is possible because several things could happen once all Bitcoin is mined.
First, there could be a hard fork, which would increase the limit.
Second, there could be a 51-point attack.
Third, Bitcoin could simply cease to be digital gold due to obsolescence.