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picolo (OP)
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June 11, 2014, 06:19:56 PM |
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Any wild speculation out there?
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Raystonn
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June 11, 2014, 06:23:22 PM |
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More than likely someone who's not even alive today.
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bitcoinsrus
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June 11, 2014, 06:23:47 PM |
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satoshi mined the first one, he will mine the last  |
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Parazyd
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June 11, 2014, 06:27:47 PM |
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Eligius  Wait a second, I'm confused now is it 2140 or 2040? Many people say either one or the other year. Who's right? |
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Mayuyu48
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June 11, 2014, 06:30:08 PM |
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satoshi mined the first one, he will mine the last how come satoshi alive for more than 150 years? maybe satoshi's grandchildren mine it with solo mining  Eligius Wait a second, I'm confused now is it 2140 or 2040? Many people say either one or the other year. Who's right? check my link above |
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sgbett
Legendary
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Activity: 2576
Merit: 1087
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June 11, 2014, 06:59:02 PM |
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Hari Seldon
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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gentlemand
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Activity: 2590
Merit: 3014
Welt Am Draht
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June 11, 2014, 07:02:08 PM |
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By that point there'll be a Satoshi religion. The final coin will be hand calculated by a congregation of billions all gathered in the grand canyon.
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hyphymikey
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June 11, 2014, 07:02:27 PM |
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The difficulty will be so high that a pool will mine it, not one individual.
And what is the final reward for a block? 4 coins? 1 coin?
EDIT: read in the other thread the reward will be near zero, so… yeah.
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jbrnt
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June 11, 2014, 07:02:34 PM |
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I often wonder whether bitcoin will still be around in year 2140?
I believe in cryptos. They will be around in 2140, but bitcoin as we know today might not be alive. Technologies will be much more advanced and bitcoin may have been phased out by newer generations of cryptos. Bitcoin would be so "old tech", they dropped backward compatibility to it. The last block reward could not be mined because there the new internet could not accommodate the bitcoin protocol...
Not an improbable scenario. 100 years is an extremely long time for techoolgies.
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sgbett
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Activity: 2576
Merit: 1087
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June 11, 2014, 07:03:56 PM |
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The difficulty will be so high that a pool will mine it, not one individual.
And what is the final reward for a block? 4 coins? 1 coin?
Think smaller. much smaller  |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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Tzupy
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Activity: 2128
Merit: 1074
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June 11, 2014, 07:05:52 PM |
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Silly thread, but with a simple answer: nobody, it won't be worth mining.
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Sometimes, if it looks too bullish, it's actually bearish
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robmob
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June 11, 2014, 07:07:33 PM |
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My son will, He is still yet to be born but it is a very good chance it will be him
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Donate BTC:15YMgV1nb97bpRqBT7CEf6ryo37gqeeRpL |
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gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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June 11, 2014, 07:07:45 PM |
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Silly thread, but with a simple answer: nobody, it won't be worth mining.
As you're so confident of it failing, I think someone, somewhere will mine the last fraction using the processors in their futuristic silvery cape and then sink into their hot tub on Titan whilst having a nostalgic chuckle. |
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sgbett
Legendary
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Activity: 2576
Merit: 1087
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June 11, 2014, 07:08:08 PM |
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Silly thread, but with a simple answer: nobody, it won't be worth mining.
Someone without a clue posting utter crap as if it was fact? On the spec sub forum? NEVER |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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bitcoinsrus
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June 11, 2014, 07:12:14 PM |
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My son will, He is still yet to be born but it is a very good chance it will be him
or her |
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robmob
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June 11, 2014, 07:19:51 PM |
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My son will, He is still yet to be born but it is a very good chance it will be him
or her Correct |
Donate BTC:15YMgV1nb97bpRqBT7CEf6ryo37gqeeRpL |
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DubFX
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June 11, 2014, 07:20:52 PM |
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Guys i guess by last coin he means last block worth 1 coin?
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Bitcopia
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June 11, 2014, 07:34:19 PM |
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Guys i guess by last coin he means last block worth 1 coin?
As stated in the above postings, the last block will have a reward of much less than 1 coin. If you care for a word problem: The block reward is planned to halve every 4 years for 132 years with an original block reward of 50. How many coins will be issued in the last block? |
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MatTheCat
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June 11, 2014, 07:35:04 PM |
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Silly thread, but with a simple answer: nobody, it won't be worth mining.
If the miners switch off their mining rigs, who or what then powers the Bitcoin p2p network? The Blockchain will be phucking humongous by then. |
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