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Author Topic: What will happen when the 21M bitcoin will be minned  (Read 17255 times)
ronimacarroni
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September 25, 2013, 03:08:30 AM
 #61

Well, I'm curious, what services did BITCOIN offer back in April, right before it shot up to $266.

Cause I'm looking around and I see coins like DGC, with tons of services and it's doing nothing for the coin's value.

So I'm thinking these crypto fiats are a different breed - and nobody seems to know how to make one increase in value consistently.
Oh it shot up after foodler started accepting bitcoins I think.
As for what could services could make Ixcoin appreciate in value...
I don't know. Get it on coingas?
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Vlad2Vlad
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September 25, 2013, 03:20:09 AM
 #62

Well, I'm curious, what services did BITCOIN offer back in April, right before it shot up to $266.

Cause I'm looking around and I see coins like DGC, with tons of services and it's doing nothing for the coin's value.

So I'm thinking these crypto fiats are a different breed - and nobody seems to know how to make one increase in value consistently.
Oh it shot up after foodler started accepting bitcoins I think.
As for what could services could make Ixcoin appreciate in value...
I don't know. Get it on coingas?

While i agree services are great to have, I don't think services had anything to do with Bitcoin hitting $266 and I think the exact opposite happened - the coin shot up, everyone took notice and that's when services exploded.

What this means is that you could take a coin like ixCoin and reverse engineer it to be much more valuable.  It takes money to do so and that's why it would be a great coin for a second ETF.

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October 20, 2013, 11:59:34 PM
 #63



Any experts have a better idea yet what will happen to Bitcoin, or ixCoin once the 21 million limit occurs?  TIA!

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October 21, 2013, 12:15:31 AM
 #64

It will be slow process. There will be fewer mined coins but I believe mass adoption will create more transaction -> more fees -> so miners still will have motivation to do their work - keeping chain save.

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October 21, 2013, 12:21:34 AM
 #65



Any experts have a better idea yet what will happen to Bitcoin, or ixCoin once the 21 million limit occurs?  TIA!

All of our Bitcoins will continue to go up in price.

All of your ixCoins are destined to be worth exactly zero.

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October 21, 2013, 12:27:28 AM
 #66



Any experts have a better idea yet what will happen to Bitcoin, or ixCoin once the 21 million limit occurs?  TIA!

All of our Bitcoins will continue to go up in price.

All of your ixCoins are destined to be worth exactly zero.


No shit?

Then maybe you can explain to me why while Bitcoin has gone from $68 to $180 over the past 2-3 months, almost all alt coins have been killed, even that CrapCoin, Litecoin, while, during the same period, ixCoin has actually been up more than Bitcoin, on a % basis.

I can't wait to hear your brilliant explanation.  Thanks in advance, asshat.

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October 21, 2013, 12:31:38 AM
 #67



Any experts have a better idea yet what will happen to Bitcoin, or ixCoin once the 21 million limit occurs?  TIA!

All of our Bitcoins will continue to go up in price.

All of your ixCoins are destined to be worth exactly zero.


No shit?

Then maybe you can explain to me why while Bitcoin has gone from $68 to $180 over the past 2-3 months, almost all alt coins have been killed, even that CrapCoin, Litecoin, while, during the same period, ixCoin has actually been up more than Bitcoin, on a % basis.

I can't wait to hear your brilliant explanation.  Thanks in advance, asshat.
Dude,  that is my opinion - the opinion of a totally random guy on the internet.  I am sticking to my personal opinion.  I have bet very heavily on my opinion by not buying a single ixCoin.  In a few years you can laugh at me from you yacht, or not.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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October 21, 2013, 12:57:50 AM
 #68



Any experts have a better idea yet what will happen to Bitcoin, or ixCoin once the 21 million limit occurs?  TIA!

All of our Bitcoins will continue to go up in price.

All of your ixCoins are destined to be worth exactly zero.


No shit?

Then maybe you can explain to me why while Bitcoin has gone from $68 to $180 over the past 2-3 months, almost all alt coins have been killed, even that CrapCoin, Litecoin, while, during the same period, ixCoin has actually been up more than Bitcoin, on a % basis.

I can't wait to hear your brilliant explanation.  Thanks in advance, asshat.
Dude,  that is my opinion - the opinion of a totally random guy on the internet.  I am sticking to my personal opinion.  I have bet very heavily on my opinion by not buying a single ixCoin.  In a few years you can laugh at me from you yacht, or not.

Cool man, sorry for the attitude, thought you were mocking.

Well, is like to know why Bitcoin would continue going up and if so then why wouldn't ixCoin continue gong up.  I'm just looking for some informed answers but those are difficult to find.

You should diversify if you've got the ends.

Good luck!

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October 21, 2013, 06:44:03 AM
 #69

Well, is like to know why Bitcoin would continue going up and if so then why wouldn't ixCoin continue gong up.  I'm just looking for some informed answers but those are difficult to find.

You should diversify if you've got the ends.

Good luck!

More important to ask yourself why would ixCoin go up, not why wouldn't it go up.

And diversification involves investment in fiat.

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October 21, 2013, 07:48:05 AM
 #70

Well, is like to know why Bitcoin would continue going up and if so then why wouldn't ixCoin continue gong up.  I'm just looking for some informed answers but those are difficult to find.

You should diversify if you've got the ends.

Good luck!

More important to ask yourself why would ixCoin go up, not why wouldn't it go up.

And diversification involves investment in fiat.

Then why don't you ask yourself the same question about Bitcoin?  Or does Bitcoin have some secret intrinsic value which ixCoin lacks.

I only asked why wouldn't it go up since you said Bitcoin would go up when it stopped printing coins so if that's rhe case then the valid question is, why wouldn't ixCoin then also go up since it will stop printing coins in less than 18 months, way ahead of Bitcoin.

I have no idea why ixCoin would go up but not do I or you or anyone know why and how Bitcoin will go up when it runs out of coins, hence the reason for my original question.

An answer or even an educated guess would be nice cause all this circle jerking is not helping anyone.  Thanks anyway, but it looks like you don't even know why Bitcoin will go up let alone ixCoin.

Good luck!

johncarpe64
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October 21, 2013, 01:31:14 PM
 #71

ASIC will be used to mine Alt-coin. Then more and more Alt-coin will be in the market by that time..

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October 21, 2013, 04:00:37 PM
 #72

Then why don't you ask yourself the same question about Bitcoin?  Or does Bitcoin have some secret intrinsic value which ixCoin lacks.

I only asked why wouldn't it go up since you said Bitcoin would go up when it stopped printing coins so if that's rhe case then the valid question is, why wouldn't ixCoin then also go up since it will stop printing coins in less than 18 months, way ahead of Bitcoin.

I have no idea why ixCoin would go up but not do I or you or anyone know why and how Bitcoin will go up when it runs out of coins, hence the reason for my original question.

An answer or even an educated guess would be nice cause all this circle jerking is not helping anyone.  Thanks anyway, but it looks like you don't even know why Bitcoin will go up let alone ixCoin.

Good luck!

Bitcoin has a pretty wide adoption and it can actually be used to buy stuff and it's in the news constantly.  It's a decent currency to bet on.  ixCoin has.... ?

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
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October 21, 2013, 04:18:37 PM
 #73

Then why don't you ask yourself the same question about Bitcoin?  Or does Bitcoin have some secret intrinsic value which ixCoin lacks.

I only asked why wouldn't it go up since you said Bitcoin would go up when it stopped printing coins so if that's rhe case then the valid question is, why wouldn't ixCoin then also go up since it will stop printing coins in less than 18 months, way ahead of Bitcoin.

I have no idea why ixCoin would go up but not do I or you or anyone know why and how Bitcoin will go up when it runs out of coins, hence the reason for my original question.

An answer or even an educated guess would be nice cause all this circle jerking is not helping anyone.  Thanks anyway, but it looks like you don't even know why Bitcoin will go up let alone ixCoin.

Good luck!

Bitcoin has a pretty wide adoption and it can actually be used to buy stuff and it's in the news constantly.  It's a decent currency to bet on.  ixCoin has.... ?

A year ago Bitcoin didn't have any of those things.  It was just another scammer and drug dealer coin.  Forward thinking is required here.  But I agree there's 99% speculation on my part on this.

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October 21, 2013, 05:51:51 PM
 #74

It will take us more then a decade to mine 21M, so who knows.
uyjulian
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October 21, 2013, 05:55:40 PM
 #75

Um... you can half it more?
Can't the 8 decimal be increased?

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October 21, 2013, 09:08:32 PM
 #76

Um... you can half it more?
Can't the 8 decimal be increased?

Yes. It won't happen for mining though. It will only happen if trading justifies it, but off the chain transactions can already be done sub Satoshi, so why bother? In order to have billions of people trade in bitcoin you need to go off the chain anyway so even for trade there is no practical benefit of more decimals. If by that time a Satoshi would still not buy you a meal, people wouldn't bother changing things as fees will buy the miners many meals if Bitcoin survives to that date.

Edit: My assessment about fees might be inaccurate. There is also a possibility of mining turning into an expensive effort with no reward from the ordinary bitcoin users, run only by those with high stakes in Bitcoin merely out of their own pockets.

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October 22, 2013, 01:02:43 AM
 #77

If no mining no transactions. Bitcoin will die unless some type of new reward for mining. 
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October 22, 2013, 01:11:05 AM
 #78

It will take us more then a decade to mine 21M, so who knows.

You're off by an order of magnitude.

It will take us more than a century to mine 21M.

(Actually, we'll never mine 21M, the maximum will be 20,999,999.97690000)

(Actually, it'll be a bit less than 20,999,999.97690000 due to an issue a few years ago where a miner failed to mine the appropriate number of bitcoins)

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October 22, 2013, 01:13:06 AM
 #79

Um... you can half it more?
Can't the 8 decimal be increased?

That won't get you past 21M.

Furthermore, it isn't easy to increase the decimal places.  It is hard coded into the protocol the way it is right now, and would be a forking change to the protocol. 

The quality of posts has dropped to such a low level that all users who are participating in a paid signature campaign are added to my ignore list. If you'd like a copy of the list to improve your browsing experience, you can find it here: https://bitcointalk.org/index.php?topic=973843.0 (Updated 2016-1-4)
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October 22, 2013, 01:15:54 AM
 #80

Everyone would be Chasing after the transaction fee then.
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