Actually the truth might differ , since we are growing old new people are being added in our population day by day that means now we have to compete with more people and less amount of Bitcoins is present , therefore what I think is no matter if we are getting coins continuously or not the main thing is new traders are getting added regularly which means that your analogy might not stand corrected.
Topic: Is BItcoins supply infinite?? - page 3. (Read 626 times)
Bitcoin isnt infinite at all.Bitcoin is afinite type when it comes to supply count.If bitcoin has infinite supply to be mined then we cant see the price go up for sure,thats the main reason why bitcoin remains at the top because of low supply only around 21million coins can be mined.Bitcoin is indeed finite in supply no more questioning it.
So my point is, this leaves us in our lifetime with an infinite supply of Bitcoin.
You cannot define something infinite and limit it to a certain time which in this case is our lifetime. Perhaps you can simply say we cannot mine all bitcoins in our lifetime.
You must be trippin high while writing this post 
Bitcoin's supply is finite. The last bitcoin will be mined as they say somewhere around the year 2150.
The circulation will of bitcoin will be all the bitcoins mined + number of bitcoins in active wallets.
There are some bitcoins lost ( people who lost their private keys, Satoshi's bitcoins [if he doesn't access them at all], bitcoins sent to oblivion etc.. ).
So, I can't find any reason to call the supply infinite.
Bitcoin's supply is finite. The last bitcoin will be mined as they say somewhere around the year 2150.
The circulation will of bitcoin will be all the bitcoins mined + number of bitcoins in active wallets.
There are some bitcoins lost ( people who lost their private keys, Satoshi's bitcoins [if he doesn't access them at all], bitcoins sent to oblivion etc.. ).
So, I can't find any reason to call the supply infinite.
I don't agree with your definition of infinite. Bitcoin is finite, according to the software behind it, and has relatively low inflation that decreases over time. It is this scarcity that drives people to bitcoin. If bitcoin's supply were infinite, there's be no reason to abandon fiat currencies for it.
We know there will be at some point in time (estimated ~2150) a total amount of 21 million BItcoin in circulation. (minus lost bitcoins etc but all bitcoins will have been mined in the year 2150 or so
So right now we have a life expectancy of about 80 years.
So even if you are born 50 years from now you most likely won't be around when the last bitcoin is mined = when all bitcoins are in circulation.
We even know at what rate we can mine Bitcoin
So my point is, this leaves us in our lifetime with an infinite supply of Bitcoin.
No one will ever have all the bitcoin in the World, therefore, Bitcoin has an infinite unlimited supply to us.
Same as with Gold. We still find and dig and mine for Gold daily, so we have a daily increase of actual Gold we can use.
Same as Ethreum- it doesn't matter that ethereum doesn't have a hard cap because same as with Bitcoin it will be constantly mined during our lifetime.
This is why I say Bitcoin has an infinite supply to every human being alive today
So right now we have a life expectancy of about 80 years.
So even if you are born 50 years from now you most likely won't be around when the last bitcoin is mined = when all bitcoins are in circulation.
We even know at what rate we can mine Bitcoin
So my point is, this leaves us in our lifetime with an infinite supply of Bitcoin.
No one will ever have all the bitcoin in the World, therefore, Bitcoin has an infinite unlimited supply to us.
Same as with Gold. We still find and dig and mine for Gold daily, so we have a daily increase of actual Gold we can use.
Same as Ethreum- it doesn't matter that ethereum doesn't have a hard cap because same as with Bitcoin it will be constantly mined during our lifetime.
This is why I say Bitcoin has an infinite supply to every human being alive today
Jump to: