/biz/ - Business & Finance

[Anonymous No.15454746]

What's going to happen after creating 21MM BTC?

[Anonymous No.15454891]

>>15454746
It's going to dump. People don't realize how miners inflate the price. If there's nothing left to mine or when the difficulty gets too high it's going to crash so hard. PoW is a mistake.

[Anonymous No.15454939]

>>15454746
there is no BTC left and the ponzi collapses.
buy LINK sir

[Anonymous No.15454944]

>>15454746
You and your kids will be already dead once that happens. It will be around 2140.

[Anonymous No.15454953]

>>15454746
The miners will then make money off transaction fees.

[Anonymous No.15454959]

>>15454891
>pow is a mistake
PoW is literally the only thing that gives crypto long term value all coins without PoW are glorified digital popularity contests in centralized databases

[Anonymous No.15454970]

In developed countries we only use one M pajeet

[Anonymous No.15454978]

>>15454891
the market will find it's level.Miners won't keep mining at a loss. By that time TX fees will be worth a lot more. Or blocks will increas or some future add on will work. You guys are narrow minded and doom obsessed. BTC is dying! Calm down we've heard it before.
>>15454746
inflation will be gone and everyone will live off the BTC network in a simulation

[Anonymous No.15455771]

>>15454746

[Anonymous No.15455782]

>>15454746
unironically the transaction market fees will keep it alive (and btc is the only one which is sustainable)

[Anonymous No.15456158]

>>15454959
pos has higher security than pow, it's been mathematically proven in peer reviewed scientific papers

also, the negative issuance rate is nice, too, from an investment perspective

[Anonymous No.15456178]

>>15455782
you mean bsv

[Anonymous No.15456198]

>>15456178
how can you idiots buy coins other than BTC? You won't admit this shit 10 years from now when BTC is over a mil

[Anonymous No.15456212]

>>15456198
can't scale, didn't read

[Anonymous No.15456569]

>>15456212
Yes, BSV hashrate can't scale.

[Anonymous No.15456610]

>>15456158
>pos has higher security than pow
from an economical perspective, pos is fucked up
pow is financially right, "you mine, you get something", so you have to move your ass and partecipate
pos is like, "if you are rich, you will be richer and btw we created all these coins out of thin air, we need it for """development""" ", which more like, let's wake up, mint coins out of thin air, sit on the soad, light a joint and be more rich everyday

[Anonymous No.15456646]

>>15456569
wrong, plenty of room for growth, btc however is tapped out with competition for blocks, miners are speculation mining atm and effectively breaking even in outgoing/incoming in the hope btc goes up, in reality the only way is down when it dumps at the halving
>tx fees reward 0.34 btc on average
>minted coins 12.5, soon to be 6.25
F

[Anonymous No.15456672]

>>15456646
>miners are speculation mining atm
they are speculating since the very first day
>in reality the only way is down when it dumps at the halving
>this time is different
S to spit on this retard

[Anonymous No.15456692]

>>15456672
better watch the price anon because unless it goes to 30k miners will loose a lot of money and transactions certainly won't cover that loss of 6 btc in their profits

[Anonymous No.15456699]

>>15454959
Based

[Anonymous No.15456811]

>>15456692
why? they will temporarily cut the hashrate
it's self balancing

[Anonymous No.15456970]

>>15454746
You die

[Anonymous No.15457020]

>Price drops to 0
>all mining stops
>jews buy all coin an mining operations for nothing
>banks adopt btc
>you stay poor forever

[Anonymous No.15457209]

>>15454891
This. We boutta dab on late adopters

[Anonymous No.15457339]

>>15456646
Yawn, with that pathetic hashrate BSV is as secure as an Excel spreadsheet.