Bitcoin will die by 2024

[Anonymous No.2460969]

Trade it now for short term profits if you want, but by 2024 there will be no more blocks left to mine and miners only way of making money will be to charge super high transaction fees.

Ethereum has unlimited coins which is also bad but can survive longer than bitcoin due to the public buying it not having any economic knowledge. At least ethereums transactions will be low

[Anonymous No.2460981]

Bottom line, not bitcoin nor ethereum is the future of crypto. A new coin will rise to the top. What coin that is is unknown

[Anonymous No.2460988]

>>2460981

[Anonymous No.2461019]

next coin will have to have a way to prevent miners from monopolizing control. DCR seems promising but not very popular.

[Anonymous No.2461027]

Preferably a new coin would not have unlimited amount of coins to buy but also not limited.

It would need to have somewhere in the middle.

It would need a limited rationed out amount per year to mine so that it's not stupidly unlimited like ethereum and not stupidly finite like bitcoin.

Would you trade bitcoin still if transaction fee's are 50-100 dollars per ?

[Anonymous No.2461036]

>>2460969
Bitcoin will be dead in 2024 because the governments will have made it illegal.

[Anonymous No.2461052]

>>2461036

>make crypto illegal
>innovation moves to other countries
>other countries are transacting in futuristic technologies while you're playing with sticks and stones and eating mud

sounds reasonable desu

[Anonymous No.2461053]

>>2460988
so much fud confirms. Bancor is quite obviously the future of digital currency. incredible how lucky we all are to get it for like $4

[Anonymous No.2461077]

>by 2024 there will be no more blocks to mine
OP confirmed for retard that doesn't know anything about bitcoin

[Anonymous No.2461099]

>>2461036
You can't stop bitcoin, moron.

It's code

[Anonymous No.2461111]

>>2461077

>he doesn't know bitcoin has a limited amount of blocks able to be mined indefinitely

-Sad!

it's ok, it's a learning process. we all start somewhere.

[Anonymous No.2461118]

>>2461099
>you can't stop myspace it's code

[Anonymous No.2461136]

>>2461099
Well if its uh code then uh we can just just give it a virus!

[Anonymous No.2461142]

>>2461111
you obviously don't know anything about crypto.

the limited amount of blocks create scarcity.

just like a finite supply of gold, it creates value.

also miners will still have income due to processing the transactions.

[Anonymous No.2461143]

>>2461111
>he doesn't know that more bitoin will be mined until sometime in the 2100s
>he thinks he knows more than most
kek

[Anonymous No.2461213]

>>2461142
yes im sure miners will have no problem making 90% less money than they do now. I'm sure they won't increase transaction fees out the ass

https://news.bitcoin.com/bitcoin-transaction-fees-1200-past-two-years/

[Anonymous No.2461314]

>>2461099
You can't stop bitcoin, no, but you can certainly stop people from investing in bitcoin by raiding the exchanges where fiat is traded for coins. They're already starting to do this by making exchanges comply with anti-money-laundering law

The exchange from fiat -> crypto is the weak link in the whole decentralization schema

[Anonymous No.2461344]

>>2461136
JEFF GOLDBLUM? What are YOU doing here??

[Anonymous No.2461554]

>>2460981
digibyte

[Anonymous No.2461626]

>>2460969
>2024

[Anonymous No.2461657]

>>2460981
Byteball

[Anonymous No.2461752]

>>2461626
>what is an asymptote
hi 95-iq nigger

[Anonymous No.2461759]

>>2461053
bancor is an ethereum token. if ethereum goes to shit, bancor will go down too. use your head morons

[Anonymous No.2461807]

>>2461626

each halvening they make less, so transaction fees goes up

[Anonymous No.2461811]

>>2461752
>2024

[Anonymous No.2461826]

>>2461811
Forgot pic

[Anonymous No.2461934]

>>2461811
>>2461826
>doesn't understand what an asymptote is despite fucking looking at one
i was wrong, you're closer to 80 iq

[Anonymous No.2461994]

>>2461213
The idea is that bitcoin price will go up so much by then that even the miniscule amount of btc the miners get will make mining profitable. And as long as there is demand for money that isn't centrally controlled this is sure to happen.

[Anonymous No.2462013]

>>2460981
ARK

[Anonymous No.2462061]

>>2461934
>still 1 million bitcoins left to be mined in 2024
>"no more blocks to mine"
Projecting much?

[Anonymous No.2462089]

>>2461213
when the blocks are full transactions fees go up to force your order through idiot

that's why scaling solutions are being discussed

[Anonymous No.2462160]

>>2460981
NiggerCoin obviously

[Anonymous No.2462293]

>by 2024
>no more blocks left

>>2461027
>not unlimited but also not limited
What?

Monero for example is disinflationary, it has a fixed tail emission that'll come into effect after some time.

[Anonymous No.2463505]

>>2461554
>>2461657
I like those two

Byteball for storage of value
DGB for everyday payment

btw, no ethereum based coin will be "the future"

[Anonymous No.2463601]

>>2461111
Hello? Oh shut unthought this was an actual post until i realized it was just another trump poster

[Anonymous No.2464567]

>>2460969

>Ethereum has unlimited coins

sounds more like an argument against ethereum

[Anonymous No.2465100]

I love how /biz/ became a cancerous mix of /g/ /pol/ /x/ and /gsg/

[Anonymous No.2465216]

>>2461118
>government made myspace illegal

guys get the fuck off my board

[Anonymous No.2466645]

>>2461027
IIRC, part of the Ethereum roadmap (maybe having to do with the switch to PoS?) will result in a stable 2% per annum inflation rate, which will eventually be approximately equal to the amount of ETH "destroyed" when people forget wallet codes, have hard drives die without a backup, die IRL and don't pass it on to next of kin, etc. In that fashion, the inflation rate should theoretically be near zero eventually.

[Anonymous No.2466691]

IOTA

[Anonymous No.2466703]

>>2465100
>/gsg/
Wait what the fuck is that?

[Anonymous No.2466716]

i dont think bitcoin has a future, i think the technology and idea of cryptocurrency will become obsolete in the far future. mostly because i think it tries too hard to be what it is. the world does need a one currency fits all though made by the people and not the government so it would be cool if that happened. i think it would become much more simpler than the current idea and as the world gets more retarded

[Anonymous No.2466766]

>>2461053
I thought the point if crypto was to get away from jewish money. Fuck (((Bancor)))!