Post
Topic
Board Economics
Re: How long could bitcoin last?
by
devrawal93
on 02/09/2017, 08:28:07 UTC
Funny question Grin… I'd agree and Follow that a bitcoin  might be said to last “forever” just like 4 + 2 will equals to 6 forever. But the ability to “spend” or use the bitcoin will be much shorter.Spending bitcoin is done through the medium of DIGITAL CONTRACT of a transaction, by which the value transfer from one address to another address.For performing all these operations, you use your private key (which must be stored in some secretplace). Then the signed transaction must be broadcast onto the Bitcoin network and be “mined”. As you can see there are many things which must work together in order for you to transfer bitcoin. Cool