Will Bitcoin Last Beyond This Generation and The Next?

[Amuro]

I think one generation is about 30 years and working with that, will Bitcoin last as longb as we imagine? Some private keys are already lost and many more are getting lost because their owners died without passing then on or they simply lost them.

Based on these possibilities, what do you think will happen in some decades when many of the private keys are lost?

What of when nearly all are lost?

Even though we may not know when this would be, I wonder what will happen when they're all lost.

If you die today, will your coins be lost?

[Dunamisx]

I think one generation is about 30 years and working with that, will Bitcoin last as longb as we imagine?

Yes, don't look at the supply limit, but concentrate your attention on it value, bitcoin has come to stay, not for now, but as an alternative digital currency to fiat.

Some private keys are already lost and many more are getting lost because their owners died without passing then on or they simply lost them.

21 million supply is not a child's play in Bitcoin value and not in USD value, yet bitcoin remains the most trusted and profitable digital asset and investment for everyone.

Based on these possibilities, what do you think will happen in some decades when many of the private keys are lost?

Our own bitcoin will receive a share of those lost coins, this is why bitcoin is ever an increasing digital currency and asset.

[_act_]

Whem all private keys will be lost? Do you not know that is not possible.

Many people in the past just bought bitcoin with a very small amount of money to them, not knowing bitcoin will increase significantly but theyr just buy it. After bitcoin price increased, they noticed their coins that was worth the amount they can afford to lose is now worth thousands or millions of dollars.

Many people will not make the mistake of losing their private key like before.

The more bitcoin that is lost, the scarcity will increase, which will make the price to increase.

[Shadiq]

This was possible when Bitcoin was not very valuable, but it is almost impossible now. Bitcoin is now a very valuable asset, so the possibility of losing private keys without an accident is very small. Do you expect 100% of Bitcoin to be locked in the blockchain? Or to be left behind in a wallet as unclaimed? Not even possible. Maybe it will be possible when everyone in the world starts dying at the same time.

Due to the supply limitation of Bitcoin, the less supply is relative to demand, the more the price will increase. So losing some private keys may contribute to the increase in the price of Bitcoin. It is not that all Bitcoins will eventually be locked in unclaimed wallets and the Bitcoin market will close.

[mirakal]

The future of bitcoin remains uncertain, and even if we are currently seeing it profitable, still that won't guarantee that it will stay the same in the future. Bitcoin comes with high volatility and high uncertainty most particularly its future that is left to unfold yet.

Not your keys, not your coins. So I don't think every bitcoin owner will be irresponsible of safekeeping their private keys, of course they will do everything to protect their private keys at all cost.

And once you die, that doesn't mean that your bitcoin will vanish as well. It will be left shared by the bitcoin community, so it does not really go wasted.

[HustleZ]

I think one generation is about 30 years and working with that, will Bitcoin last as longb as we imagine? Some private keys are already lost and many more are getting lost because their owners died without passing then on or they simply lost them.

Based on these possibilities, what do you think will happen in some decades when many of the private keys are lost?

What of when nearly all are lost?

Even though we may not know when this would be, I wonder what will happen when they're all lost.

If you die today, will your coins be lost?

i dont think people losing seeds and access to their bitcoins will be a reason bitcoin wont survive many generations because it seem you think it wont last much because people will lose access to their bitcoins but infact people losing/burning their bitcoins permanently actually increses the value of other bitcoins, so this is something good overall not bad.

[Queen uloma]

It’s not every bitcoin that will get  lost. It’s true that, Every year  some people lose their private keys or die without disclosing to anyone how to access their wallets. At the same time many people have learnt from their mistakes. Nowadays, more bitcoin holders write inheritance plans, store their seed phrases properly or tell their trusted family members how to recover their coins if anything happens to them. If many private keys get lost over many decades the bitcoin inside those wallets will remain there forever because no one can move it without the correct private key. It will even reduce the amount of bitcoin they have circulate. If the demand is still high, the remaining accessible bitcoin may become more valuable because scarcity will eventually increase.

[sunsilk]

What of when nearly all are lost?

This is unlikely to happen. While there's still a chance that a few individual will lost their private keys and coins or they told no one about their holdings and they pass.

But, as satoshi said that in the next years it's either there will be huge transactions or there's none.

I think what we're seeing is the former instead of the latter because the market just keeps on growing.

[Donk1]

Well if I may say we live in a world of what if and that's how the evolution of all technology, including Bitcoin has come to existence. Still when you look att the problem from a broad perspective like I do you aren't wrong but you are also not right. Am sure even Satoshi Nakamoto has already thought of this possibility before but it's highly impossible for everyone to lose their keys to their wallet..

So for now I believe we can only emphasize on what if, but the possibility of that outcome is also endless. I can't start saying it's not possible or it's possible just try to look at the positive impacts not endless possibilities best to say We can't predict the future of our Bitcoin we can only afford to plan things just in case anything happens to us that's all for me..

[Ayers]

I think one generation is about 30 years and working with that, will Bitcoin last as longb as we imagine? Some private keys are already lost and many more are getting lost because their owners died without passing then on or they simply lost them.
Based on these possibilities, what do you think will happen in some decades when many of the private keys are lost?
What of when nearly all are lost?
Even though we may not know when this would be, I wonder what will happen when they're all lost.

it is possible that more bitcoins will be lost in the next few decades but i don't think it will cause any serious damage to bitcoin. losing coin is essentially a supply issue, not related to an internal bug or other flaw in the protocol. network is not concerned about how many of the 21 million btc are accessible or whether only 15 million coin are accessible. bitcoin will continue to function normally. because each coin can be divided into 100 million satoshi. even if million of btc are permanently lost, transaction around the world can be carried out seamlessly with the remaining coin.

many people think that coin that are dormant or inactive for many years are lost naturally. but sometime we see wallet that are more than 10 years old suddenly become active. which indicate that many of the so called lost coin are actually just being hodl by some patient owner. no one can say anything about this number precisely.

[snowpega]

I think one generation is about 30 years and working with that, will Bitcoin last as longb as we imagine?

Yes, don't look at the supply limit, but concentrate your attention on it value, bitcoin has come to stay, not for now, but as an alternative digital currency to fiat.
...

Bitcoin is truly a game changer for this generation that only we like, but in real-time, governments and the traditional finance system hate it because of many reasons. We know the importance of Bitcoin, but it opposes the traditional system, as governments are unable to trace many people's funds due to this, and just because of this, governments are unable to collect much tax funds or capital gains tax funds from investors and users.

And things have already started to move this side, and governments have already started to tighten the circle around the crypto space and design a framework using which they will be able to collect tax funds from crypto users in many countries. So let's see how many things and how things will change in the crypto space for investors.

[Floxynice]

If one individual loses his bitcoin, the remaining bitcoins become more valuable. So, for as many people as will lose access to their bitcoins, they will be creating more scarcity, which will increase the value of bitcoin. Bitcoin is divisible into smaller units, so it means that the smallest unit of satoshi will be very valuable in the next generation since many must have lost their bitcoins by then.

Then, you, @op, should erase the thought that all bitcoins will be lost from your mind. Of course, bitcoins will be lost due to inaccessibility, but all of the 21 million bitcoins cannot be lost.

[Sanitough]

Lost private keys means lost bitcoin forever, but I don't think majority of bitcoin owners are reckless and do not prioritize the security of their coins. They learned already from the past, so it will definitely stop there, now bitcoin investors are more cautious on how to safeguard their coins and keep their private keys away from those scammers and criminals.

Bitcoin will definitely last longer, but how long? That remains uncertain.

[Pandorak]

Based on these possibilities, what do you think will happen in some decades when many of the private keys are lost?

The circulating supply will certainly become even more limited, causing Bitcoin price to rise even higher.

What of when nearly all are lost?

That’s impossible. If you’re talking about just a handful of people, then it’s still possible.
Even now, Bitcoin has become one of the most valuable assets, so holders have surely prepared for every possibility to ensure that the investments they’ve built won’t go to waste, even after they’re gone.

If you die today, will your coins be lost?

No. I’m not that stupid. I’ve already told the people i trust where and how to access it in case i suddenly pass away.

[Finestream]

No one can tell how long bitcoin will last or it will stay for good probably. But as long as there is high demand for bitcoin, leaving the supply scarce, then we won't be worried of its future because bitcoin price will definitely rise along with its progress.

Now, is there actually possibility that most of the private keys will be lost? I doubt it will happen. Gone are the days where people are still ignorant about bitcoin. People these days value their assets more than their life, so I don't see the possibility that they will allow their private keys to be lost and lost their bitcoin.

[Franklyn-wood]

Lost private keys means lost bitcoin forever, but I don't think majority of bitcoin owners are reckless and do not prioritize the security of their coins. They learned already from the past, so it will definitely stop there, now bitcoin investors are more cautious on how to safeguard their coins and keep their private keys away from those scammers and criminals.

Bitcoin will definitely last longer, but how long? That remains uncertain.

There are Factors that can make Bitcoin not to last beyond the next generation which war is one among other's factors that can make Bitcoin not to last beyond the next generation. When the economy falls above average this can affect many investment to start selling of there holdings to meet up with demands and supply, but this is based on individuals. Success in Bitcoin is not based on how long one has stay in the business, it is measured by the knowledge gotten and the strategies applied.

[Sim_card]

Bitcoin is now a valuable asset that whomever buys it will secure his private keys with his life because that's his future investment. It's impossible for the whole bitcoin holders to lose their private keys or not to have an inheritance plan for their bitcoin investment. As bitcoin becomes popular, investors becomes careful not to involve themselves in any act that will lead to lost of private keys.

[Stalker22]

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What of when nearly all are lost?

Even though we may not know when this would be, I wonder what will happen when they're all lost.

Lost coins are pretty much a rookie mistakes from the beginning days when BTC was worth pennies.  Also, you can never truly tell how much btc has truly been lost/inaccessible vs how much is just sitting in a dormant wallets that could be made active at any moment.  And even in your wild hypothetical scenario where the majority of ALL Bitcoin is irretrievably locked away... the network would still not die.

Bitcoin is divisible down to eight decimal places.  Just a small fraction of a total supply would be enough to run the whole planet, if it had to.

[retreat]

Even though we may not know when this would be, I wonder what will happen when they're all lost.

That's unlikely to happen, as such incidents only occur in a small percentage of cases. Especially that Bitcoin has become more valuable, people are more careful about how they store and manage their assets.

And when it comes to "lost coins," always remember Satoshi's words:

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

So when more people lose access to their assets, it simply reduces the available supply and makes the remaining coins slightly scarcer, which makes Bitcoin more valuable.

[aoluain]

I think one generation is about 30 years and working with that, will Bitcoin last as longb as we imagine? Some private keys are already lost and many more are getting lost because their owners died without passing then on or they simply lost them.

Based on these possibilities, what do you think will happen in some decades when many of the private keys are lost?

What of when nearly all are lost?

Even though we may not know when this would be, I wonder what will happen when they're all lost.

If you die today, will your coins be lost?

One the private keys are lost there is no way to recover a wallet other than knowing a password
and just transferring all to a new address.

If you die today and nobody has access to the wallet by password or keys then those Bitcoin and
inaccessible and classed as a "gift to the Bitcoin community' buy essentially reducing the available
supply which is much the same as Satoshi's wallets.