So what happens when they aren't making new bitcoins?

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Jan 7, 2021
11:27:08am

groy Playmaker

So what happens when they aren't making new bitcoins?

I'm probably saying this all wrong but Isn't part of the value is that with each transaction or coin being generated the code is "verified" to make sure it is a legit coin. Will computers still be processing that when new coins aren't being generated?

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groy

Previous username: groy5511
Bio page: groy
Joined: Sep 1, 2015
Last login: Jun 2, 2024
Total posts: 2,009 (54 FO)

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Messages

Author

Time

Bitcoin just hit $40K

donnerstag

1/7/21 11:16am

It feel likes Bitcoin is the new gold.

cmoney

1/7/21 11:17am

Gold's market cap is still 10X that of bitcoin, but it could overtake gold

donnerstag

1/7/21 11:19am

It was more along the lines that during volatility, gold does great. So does BTC

cmoney

1/7/21 11:20am

Except gold can be owned physically. Main difference.

Heath Squashwell

1/7/21 11:22am

Or is it the new beanie babies?

1/7/21 12:10pm

If beanie babies have continually increased in price since 2009 than yes.

Jay_L

1/7/21 12:17pm

You must have a different definition of continual than me.

1/7/21 12:23pm

0 to 40,000 in a decade is saying something. It has never gone back to 3 digits.

Jay_L

1/7/21 12:28pm

Beanie babies and tulip bulbs had similar rises. That didn't give them inherent

1/7/21 12:42pm

Comments like this and elsewhere on Cougarboard today make me think people don't

Jay_L

1/7/21 12:49pm

Ok. I hope you are able cash out on top.

1/7/21 12:54pm

frowny face from me just because I had a bad bitcoin experience. will have to

StutterOfTheCougar

1/7/21 11:23am

Wouldn't mining Bitcoin be considered an environmental hazard?

TNT

1/7/21 11:24am

Lost money huh?

Romex

1/7/21 11:24am

What do you guys use besides Coinbase? They are always down or app doesn’t work

USMCdad

1/7/21 11:24am

US version of Binance

donnerstag

1/7/21 11:26am

Yeah I had a little bit in Binance but it was pre US version

USMCdad

1/7/21 11:48am

That's brutal

donnerstag

1/7/21 12:01pm

Some people on Twitter have claimed to have used a VPN set to a non-USA nation

DryFlyUte

1/7/21 1:03pm

Robinhood has a small Crypto market

groy

1/7/21 11:27am

Got an in-depth lecture on it 5 years ago. I felt so strongly to invest. It was

idacoug

1/7/21 11:25am

I sold and bought stonks in the bear market of 2021.

grosven

1/7/21 11:25am

So what happens when they aren't making new bitcoins?

groy

1/7/21 11:27am

We become slaves to the new feudal ruling class that live in parents basement.

grosven

1/7/21 11:28am

We are already at the stage that mining is too expensive

donnerstag

1/7/21 11:29am

It’ll be 50 years or so until that happens

I'mBatman

1/7/21 11:31am

Oh, I thought it was nearing the maximum amount

groy

1/7/21 11:35am

We are no where near close. Around year 2140 is when. Total 21 Million Bitcoin.

Jay_L

1/7/21 11:46am

We will have been in the millennium, begins in next decade.

Y'sWoody

1/7/21 11:53am

The blockchain remains and transactions still occur. People will make money

Mitty

1/7/21 11:39am

Bitcoin has major problems that imo, don't make it viable as a currency. And

CougarTailDevourer

1/7/21 11:44am

Sure am glad I sold at $16k! smh

ChiefBeef

1/7/21 11:31am

That is the thing right? You buy it as a gamble. How long will people view it as

grosven

1/7/21 11:37am

And down 4K just like that. To the price 10 hours ago

1/7/21 11:51am

And back up by 3k....volatility.

1/7/21 12:04pm

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