(Mar 8, 2024 05:07 AM)SportsArb Wrote:  It's going to be a long time until that happens. Miners will still make money through TX

(Mar 7, 2024 10:42 PM)Marvelous Wrote:  The real question is what is the incentive to mine when the block reward is .05 BTC and everyone is using a free platform like lightning to transact?

(Mar 8, 2024 01:51 PM)๖ۣۜSasuke Wrote:  My response was essentially going to be what Omniscient wrote. None of us will be alive when BTC runs out. Even then, BTC is just one network of currency. By then, several more will have come out. How people choose to invest is up to them, but there's 0 reason to worry about BTC running out in our life time. Probably not even in out children's lifetime either.

What I'm saying here is - Not only are your investments safe (as can be with any crypto), but you can pass those investments onto your kids when you die. They may not be able to pass it down to their kids, but who knows. Like I said, Satoshi intentionally put a cap on BTC. It's not a crypto cap. It's a developer cap. That's the most important thing to understand here.

(Mar 8, 2024 02:05 PM)Omniscient Wrote:  120 years is our childrens, children, children, children. Do you know anyone from the year 1900? Same thing. It's my dead grandparents parents born then. A long f'n time ago. Most people were still getting around using horses.

(Mar 8, 2024 02:18 PM)๖ۣۜSasuke Wrote:  Yeah, that's a fair point. Now that I think of it, usually generations are only 20 years apart. So, I suppose that makes 6 generations starting between now and when BTC runs out. So I retract my statement. Instead, what I mean to say is that you can pass down your investments from generation to generation. It'll be quite awhile before folks need to start worrying about BTC, but even then... Who knows what'll be out by then.

(Mar 8, 2024 02:32 PM)Domestos Wrote:  Wouldn't that mean the 5th generation would see the end of bitcoin generation at 20? if the plan is to pass 1 bitcoin until bitcoin moves to just fees I'd say it'd be better to let the 4th generation cash it out, why? We don't know how much bitcoin would be worth, but if it would be worth 5-10 mil (Not counting inflation) I'd rather a 40 year old, financially stable man use it, invest and etc. than a 20 yo that would blow all that money on shit.

(Mar 8, 2024 02:37 PM)๖ۣۜSasuke Wrote:  Honestly, if gen 1 (us) play our cards right, then every generation would see financial freedom. We would do all of the hard work and time consumption to get there. They would kind of just have it made, but who cares. We'd be dead, and family is family. What they do with that money passed down has no affect on us. Maybe our legacy if we even have one, but who cares. We won't be around to know it.

(Mar 8, 2024 02:42 PM)Domestos Wrote:  Not really, even if you pass 10 mil to your 2 kids, it'll split 5mil each, next gen gets 2.5mil, grand grand kids will get 1.25mil.

What I'm saying is the next generations wont get that much money, 1.25 wouldn't be much in 40-60 years.

Also, just a side note, if your kids don't know what work is, and the worth of money, they'll blow it within a few years like most lottery winners.

Obviously, if I had 1 mil I'd have enough till the end of my life, I'd just have to play my cards right, invest most of it, live off what I get from the interest, save as much as possible and reinvest, but that's only because I've worked and I know the worth of money.

(Mar 8, 2024 02:49 PM)๖ۣۜSasuke Wrote:  See, the thing with investments is that you never stop investing. We wouldn't be taking out all of that money. With Crypto consistently making people rich beyond their wildest dreams, all it would take is educating your kids, and having them educate their kids and so on. Nowadays, there are ways to trade crypto with ease, maximizing profits. There's no reason you wouldn't be able to be financially free within a 10 year period if you put your best into it. I ran some numbers, and if played right, and with an average of 0.1% to 0.9% a day increase in profits... If you don't touch your initial investment... In 10 years, you wouldn't just be a millionaire. You'd be making 10 figures or more.

(Mar 8, 2024 02:57 PM)Domestos Wrote:  Holdap, 0.1-1% a day? those are rug pull numbers. 35-365% yearly yield?
The bull market isn't here forever, and if you a look at the log chart of every single cycle, you'll notice were not getting pumps as big as before, their getting smaller and smaller. You can't just throw money into a bag and hope when you open it it'll grow (crypto trading) and considering there are more than 1000 coins and growing, picking a bag to throw in might be a problem. But overall, my point is my kids are gonna make their own money, I need this, I don't want to retire into a cardboard box lol