A friend of mine told me this.....

[dawn]

Governments don’t like the idea of krypto-currency due to the fact that it’s completely unregulated and untouchable from any goverenment authority.

Bitcoin is on a decline, but I’d doubt it’d go away yet. In the past month at least, while the Peak has gone down, it’s been staying around 11-13k, continually going around that range up and down.

 

[Doughnut]

You should check out a transaction viewer.

As for your reference to it being useless with only 2 places that accept it, that is quite an ignorant statement. Crypto currently has a market cap of over half a trillion USD.

As I said, I don't want to argue over Crypto. What happens with crypto cannot be changed by neither me nor you.

 

[Member]

Bitcoin will eventually be replaced, but a week from now the price won’t be 7.5k like it was earlier, it’ll be back to around 12k

 

[MTG]

A friend of mine told me that bitcoin is gonna run out cuz a lot of people are mining not buying I told him that he was so stupid

Is that true?

it will at some point, but since it became harder and harder to mine it will take more time, theres like 4m btc left or some shit[DOUBLEPOST=1517593764][/DOUBLEPOST]Sphinx reason for disagree/

 

[MTG]

Bitcoin doesn't get removed from the network so the statement "it will run out" is not valid. Over time the difficulty increases so the mining reward becomes smaller but the volume will never decrease.

What do you mean it will never decrease? What about the 17m that is already mined?

 

[MTG]

Mining is a process of verifying transactions. When someone successfully verifies a block, the entire network agrees to reward them with a sum of Bitcoin. Mining does not remove Bitcoin from the network.

I never said it was gonna get removed but thanks for explaining

 

[Choo]

I hope it dies and we can start using real money

 

[MTG]

I interpreted "What do you mean it will never decrease?" and "4m btc left" as you believing it will run out. What do you mean then?

Ok so tell me when the left 4m bitcoin is left, the price will skyrocket right? since it wont be possible to mine bitcoin anymore? there will be obv bitcoin at people's wallet but if those bitcoins are gone wont that mean that bitcoin now is gone?

 

[Niko Bellic]

I don't really give a fuck tbh

Spoiler: lol

my opinion you sensitive fucks, don't cry.

 

[Stellar]

This question has no fixed answer as there is something called mining difficulty. It is a dynamic parameter that controls hash power needed to mine a bitcoin block. For solo mining with a single 120 Mhashes/s card, you would expect to find one block approximately every 98 years. One block is currently 25 BTC.
so....