No, Bitcoin Is Not Going to Fail

ZGDUwpqEWpUZ wrote: post #5

t-3 wrote: post #4

Yes, it will. Probably not too long after the time the last one gets mined.

So in ~2140? Miners will still get TX fees after that. We'll see, or not.

Someone else will see, not us. Or not. Are the fools greater in the future just by dint of inability to change the past?

Re: No, Bitcoin Is Not Going to Fail

#7

Post by timmytokyo » Tue, Jul 19, 2022, 6:35 AM UTC

TLDR version: Bitcoin is really cool, and lots of people think it's really cool, so it won't fail.

Re: No, Bitcoin Is Not Going to Fail

#8

Post by ttfkam » Tue, Jul 19, 2022, 6:45 AM UTC

"Bitcoin is not going to fail," says guy heavily invested in Bitcoin and other crypto.

Hard to get someone to change their mind when their paycheck depends on them not changing it.

Re: No, Bitcoin Is Not Going to Fail

#9

Post by t-3 » Tue, Jul 19, 2022, 6:52 AM UTC

ZGDUwpqEWpUZ wrote: post #5

t-3 wrote: post #4

Yes, it will. Probably not too long after the time the last one gets mined.

So in ~2140? Miners will still get TX fees after that. We'll see, or not.

If it actually takes that long, we have far bigger problems, because that means technological advance has halted or regressed. In that case, it will die suddenly whenever electricity goes up and price/coin goes down long enough that all non-criminal mining operations shut down and investors panic.

Re: No, Bitcoin Is Not Going to Fail

#10

Post by 5350-uiop-1130 » Tue, Jul 19, 2022, 7:35 AM UTC

is there anything comparable to bitcoin in history (and no, not tulips)?

a technology that had some merit, but also a lot of doubters/haters?

seems BTC, and crypto is some novel historical event. i can't really compare it to anything.