Re: Adi Schamir (the 'S' in RSA) predicts Bitcoin's death in 2040

Quote from: AGD on September 07, 2017, 04:36:56 PM

Article is in German: http://www.businessinsider.de/bitcoin-experte-krypto-waehrungen-werden-aussterben-2017-9
He talks about Bitcoin beeing a ponzi (only the founders are becoming rich) and in the future governments will fight Bitcoin and this will lead to a big dump and the death of Bitcoin by 2040.
Adi Shamir is one of the inventors of RSA. Shouldn't he know better?

The final paragraph of the article regarding the end of Bitcoin by 2040 is a bit weird:

Quote

Der Experte nennt ein Datum für das Ende der Bitcoin: Da derzeit etwa 16 Millionen Bitcoin im Umlauf sind, die Obergrenze jedoch auf 21 Millionen festgelegt ist, wird das Ende der Bitcoin-Schöpfung seinen Berechnungen zufolge etwa 2040 erreicht sein.

"The expert calls a date for the end of Bitcoin: Since there are currently 16 million bitcoin in circulation with the maximum supply being 21 million, the end of bitcoin-mining will, according to his calculations, be reached by 2040."

I wonder if the conclusion that the end of block rewards automatically means the end of Bitcoin came from Schamir or from Businessinsider. Either way yet another prime example of a fundamental misunderstanding of how Bitcoin works.