M. Ellis asks "What do you think will happen to Bitcoin's stability when there are no coins left to mine, and all the miners have no reason to keep spending money on electricity to confirm transactions? What is the incentive to keep track of the transactions and how will Bitcoin survive?"
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
***I am in the process of adding many of my videos from YouTube on to DTube. Apologies for any posts that you've already seen before!
Original date of upload: January 2nd 2018
▶️ DTube
▶️ IPFS
In a 122 years time I cannot even begin to think of what advances we will make in electronics, AI, neural networking and renewable energy. What I do know is by then the bleeding edge tech of today will probably be in a museum somewhere. I would like to think that BTC will still be around, will have stabilised in value, and will have attained mass adoption. For that to happen the community needs to focus on and fix the present day issues that prevent it scaling.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice topic! I think last bitcoin mined (if that will be even possible) will be worth millions if not more. Can you imagine what bitcoin will be worth in 2140? I belive there is never going to be 21mil of Bitcoin in existence. There are already thousands lost by accidents. Well, I’m sure unfortunately our generation will not find out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is assuming humanity makes it to the year 2140. Doubtful that we make it past the 2050's at this rate. Ocean pollution, global warming, wars over resources- all just the beginning of the end. Why do you think there is so much talk about colonizing mars and the moon?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is a very interesting topic. By 2140 if bitcoin was successful, a few satoshis could be worth thousands of dollars, so I think that in the future the miners will still have enough incentives to continue working.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I believe that by the year 2140 there will be coins much more important than bitcoin or something else.
But if it continues for that time, and there are few transactions, fewer people will mine and those who do will obtain greater rewards, they will always have a piece of cake.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The transaction fees will by then be meaningful and adequate to support sustaining the mining operations. Even cery small fees add up if we are talking world currency.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
By 2140 we will be dust in the wind.
Not to mention that a bunch of new coins will come up until then
And tobe honest when there are no more coins to mine its value will increase rapidly.Because it will be a measure of wealth...like gold.
And there will be high demand...but no one will sell...i assume
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
More coin will be available by 2140 with appreciate value good overview.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
By then there will be alternative coins and pass through instruments. Options and legacy contracts that may obligate or incentivize mining.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So many hurdles to jump over the next few years. Can't think so far ahead, but the technology will probably be totally obsolete by then.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Once 21 million Bitcoins have been created, no more Bitcoins will ever be created. This, however, doesn’t mean that the Bitcoin world will come crashing down
Bitcoin protocol provides transaction fees. These fees are small compared to the 1.2 bitcoins block reward. However, as bitcoin goes down the fees will increase
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It may become very expensive and increase over time
good aidea @louisthomas
resteem
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
we will see when we get there )))
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
at that time i will be rotting in the ground so i don't really need to think about it <.<
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wonderful post ..thanks for sharing...Best of luck friend ✫ resteemid
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well this is really nice to share with people. A lot of people might learn new thing. But this is something some of us know. I have also tried mining. So before that I learnt the whole procedure. Where does the transaction fees goes into. And this is a really amazing and a great idea. I think this can eliminate unemployment and the bigger government bodies which are corrupt and trying to use the hard earned money of an individual.
Let's just hope that something good comes up and the alt coins make there way to future because a future which is in the hands of people might change a lot of things.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
All electronic currencies are linked in Betquin
Really great information too
Thank you for your special tips
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for updating my friend. Every time you bringing info that what the happening in the cryptocurrency market. For this thanks.
Have a nice day
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
good informations for btc in 2140
thank you for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Please Stop - @krteam
You just said "you for sharing" and in your your last 100 comments you used 39 phrases considered to be spam and you made this exact same comment 1 times. You've received 1 flags and you may see more on comments like these. These comments are the reason why your Steem Sincerity API classification scores are Spam: 75.20% and Bot: 3.70%
Please stop making comments like this and read the ways to avoid @pleasestop and earn the support of the community.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have to say that comment you made en passant shook me to my core. You speculated that in 100 years energy would be basically free. Such a statement betrays a shocking disregard for the laws of thermodynamics. Now a lot of laws may change between now and then but I doubt if these will be amongst them.
Personally I know very little about cryptocurrency. I depend on people whom I trust who do know something about it. You have fit these criteria in my mind: Indeed you are my primary source.
Without in any way wishing to insult, I profoundly hope that you truly do know more about Bitcoin than you do about energy production !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is really awesome piece giving more information on bitcoin and cryptocurrency related issues, I'm streaming the video and find it really beneficiary to steemians.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Uncomplicated article. I learned a lot of interesting and cognitive. I'm screwed up with you, I'll be glad to reciprocal subscription))
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oooh, so it's really far away. I thought that it was coming in a few years. Now you got me thinking about space travel and interplanetary internet. It would be cool to have a decentralised internet like the one we're seeing on the show Silicon Valley. :D
I'm really into futurism.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit