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Topic: What will happen after the last bitcoine is mined? - page 2. (Read 684 times)

full member
Activity: 364
Merit: 100
Blockchain with VTOS energy
Hard to predict. Either way this may take a lot longer so I don't think we have to worry about it now but it's nice thinking about it. By the time the last one is mined I believe we will have many other coins that potentially could replace bitcoin or we may not. With the last one mined I believe the prices will keep going up.

I believe that the price will increase even more due to the shortage in the market and the demand will increase even more so bitcoins do really have a bright future.
newbie
Activity: 47
Merit: 0
Hard to predict. Either way this may take a lot longer so I don't think we have to worry about it now but it's nice thinking about it. By the time the last one is mined I believe we will have many other coins that potentially could replace bitcoin or we may not. With the last one mined I believe the prices will keep going up.
member
Activity: 406
Merit: 19
Hello community. After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.

I think the conditions will not be much different from what is happening at this time, because the price of bitcoin will have provisions, namely based on the amount of supply and demand. So bitcoin supply and demand will become a separate law for the growth of its value.
jr. member
Activity: 112
Merit: 1
This is a difficult question, but I believe that bitcoin will become a full-fledged digital gold with a more stable price, which nevertheless will continue to grow further.
jr. member
Activity: 107
Merit: 1
There is a very real possibility that the production of the last Bitcoin will be associated with the need to use such technological capacities that it is unlikely to do so.
newbie
Activity: 75
Merit: 0
The price of Bitcoin will go through the roof.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
Bitcoin will have problems with securing network way before all Bitcoins get mined. Most likely before mid of this century. How that will get tackle no one knows. Monero have great solution for it with tail emission that will kick in in 2023. So plenty of time for Bitcoin to see if Monero tail emission is bringing results and is also suitable for Bitcoin.
Most probably you have forgot about the TX fees.
In some assumptions, after ~100 years (or before the last bitcoin will be mined out), the total TX fees will be included into one block may sum-up into more than 50 BTC also (which is the original block reward). Then, why miners will go away and how bitcoin network will be unsecured ?
Yes, there will still be miners that works for transaction fee which would still generate some income however we don't know how much. This also begs the question that people who mine for bitcoin rewards are not going to stay (or at least not all of them will) when rewards are gone (it will never be technically "gone" but at least it will be very small reward) which means there will be less miners, which means slower confirmation times, and higher fee. Considering when the bitcoin reward is like this and we have problems of confirmation as it is, we really do need the lightning in order to not go crazy with fee prices and slow times.

In other perspective, there will be no possibility of mining out the last bitcoin or all 21 million bitcoins will be mined out in infinite time. Yes I mean, now one bitcoin is devised into 8 decimals and in future it may go 10 or 20 or even 100 decimal points also. It is possible with all electronic format thing.

When one satoshi is valuing one dollar then we will definitely need a new unit to divide 1 satoshi. This trend will continue until bitcoin finds a stable demand.
full member
Activity: 278
Merit: 101
Staker.network - POS Smart Contract ETH Token
You shouldnt worry about that, first of all, that will happen in like 100 years because of the algorithm, second, miners will stay mining because they still get bitcoins for every transaction, so it probably will be the same. And that is really long term, not Sure if 100 years but it was really far away.
sr. member
Activity: 560
Merit: 250
when bitcoin is last mine and has run out of bitcoin and can't mine bitcoin anymore maybe the price of bitcoin will be very expensive because bitcoin will be very difficult to obtain.
hero member
Activity: 840
Merit: 502
Hello community. After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.
Nothing will change, miners right now get most of their profits because of the block reward but this will have to change way before the last bitcoin is mined, the plan of satoshi was that the miners maintained themselves with the fees paid by each transaction, so if bitcoin is able to make that transition smoothly then we have nothing to fear when the last bitcoin is mined.
full member
Activity: 364
Merit: 100
Blockchain with VTOS energy
which is a problem if bitcoin is used up then the miners will play their fees as they wish, and the fee may not go down
if there is no solution, maybe people will actually move to the altcoin because bitcoin makes no sense in it. bitcoin can still live, how to turn it on is by using bitcoin as a payment method in every purchase of any item. And remember, at that time the price of bitcoin will scratch the sky, this is because of the scarcity of supply.

You have a point that people might switch to altcoins in the future and ethereum might be pumping so hard at that time but there is also a chance that the price of bitcoins will grow even more due to shortage.
newbie
Activity: 31
Merit: 0
If we are talking about whether there will be enough for everyone 21 million bitcoins, then there is no problem. More than enough, as each bitcoin 100 million Satoshi. Bitcoins will be enough for all inhabitants of the Earth. If we are talking about whether transactions will be confirmed in the network, if the finding of new blocks stops, then there is no problem here. Transactions will be confirmed as now, as there is a fee for the transfer.
jr. member
Activity: 268
Merit: 1
Hello, it's still very far from the time when the last bitcoin will be mined /in the media is that the end of mining will come in 2140/. I rather think that Bitcoin will never be mined. Every four years, the reward per block is divided by half. Total should be 21 million Bitcoins. We will never get the exact number of 21 million BTC, we can only get close to the number. Finally, the reward for the block will be negligible and the network will work almost exclusively through transaction fees. BTC will definitely be a single currency in the future, certainly on the Internet. Unless the BTC will be traded on exchanges, the value will not be stable.
hero member
Activity: 798
Merit: 505
There are only 21 million bitcoins that can ever be mined, regardless of the earth’s population and its corresponding demand for bitcoins. Once all 21 million have been mined, there will never be any new bitcoins (unless a change to the protocol is made to increase the supply). Roughly it has 17M bitcoins circulating. Though 21M is near still it is far enough to achieved the max supply. Lets just enjoy now since it havent reach its max supply.
full member
Activity: 322
Merit: 100
which is a problem if bitcoin is used up then the miners will play their fees as they wish, and the fee may not go down
if there is no solution, maybe people will actually move to the altcoin because bitcoin makes no sense in it. bitcoin can still live, how to turn it on is by using bitcoin as a payment method in every purchase of any item. And remember, at that time the price of bitcoin will scratch the sky, this is because of the scarcity of supply.
copper member
Activity: 1162
Merit: 1025
Hello community. After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.
Then the Miners will still be mining the blocks just in order to gain those transaction fees present in that block as at that point of time bitcoin will be very popular amongst people and the transaction fees will be enough to cover the electricity cost along with some profit.
member
Activity: 308
Merit: 10
People will start mining another cryptocurrency or developers will roll out another hard fork. to ensure that miners continue to receive awards for their computing power.

Yes it was actually possible and cryptocurrency will continue to grow even more in the future so we can always say that bitcoins is really good for long term investment.
hero member
Activity: 1834
Merit: 523
There's a lot of possible happen to bitcoin once last bitcoin mined, 21 bitcoin supply and as of know they have millions of bitcoin are not sold. If bitcoin last mined possible price are very high or going to dump fastly or satoshi nakomoto add more bitcoins.
newbie
Activity: 89
Merit: 0
People will start mining another cryptocurrency or developers will roll out another hard fork. to ensure that miners continue to receive awards for their computing power.
jr. member
Activity: 165
Merit: 1
W12 – Blockchain protocol
bitcoin prices will never be stable, even after the last bitcoin was successfully mined. that means there are only 21 million bitcoin in circulation and that will make bitcoin prices tend to rise.
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