If the last bitcoin is mined, I think they will continue to mine BTC, because BTC's network needs BTC, the transaction fee as the miner's fee.
Topic: What will happen after the last bitcoine is mined? - page 3. (Read 692 times)
After Bitcoin is over, they will be replaced by new crypto-currencies, allowing them to replace bitcoin with dignity. And I hope that it will all be announced in advance, so that no one went bankrupt.
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.
There is not way for the price of cryptocurrency in the market to become stable because the price is always based on demand and supply so we should always expect drastic changes in the market value.
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 cannot see any of your points being fulfilled.
There isnt going to be a mass influx of people willing to use bitcoin just because the last coin is mined.
mining will continue because transactions will still have to be calculated and confirmed and miners will be rewarded by fees alone.
The prices will not remain stable either, it will still be a decentralised and unregulated technology so
Trading, buying, selling and speculation will continue.
In fact, nothing significant will happen. Bitcoin will continue to live, but its value can grow over time, provided that will remain popular.
As far as I know, this is a forecast for about "in 20 years". It is good that the resource is exhausted, because unlike oil, it involves competition. First, for a short while the exchange rate will be stable, then fall, then they will sell Bitcoin as coins of Nicholas II)
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 that nothing will happen after the last bitcoin is mined. Although this is not for us to see, but nothing unusual will happen. The volatility of bitcoin will not decrease from this. If by that time it reaches large values in the price, then, most likely, volatility will even increase, as the amplitude of price fluctuations will allow it. However, by 2140 bitcoin, if it survives to this time, will be completely different, with completely different possibilities.
then of course bitcoin will become very rare, from where you can draw conclusions.
just imagine the item or something that is difficult to find it would be very valuable, just like a bitcoin.
I am very confident in the future bitcoin will be the most investment in the search among investors.
just imagine the item or something that is difficult to find it would be very valuable, just like a bitcoin.
I am very confident in the future bitcoin will be the most investment in the search among investors.
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.
it is still very long, bitcoin in estimate habisa in mine in 2040 later.on that, I'm sure if bitcoin has run out in the mine and become so scarce then bitcoin prices will rise high and of course it will be an asset most in search.
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.
Just because all the bitcoin is mined in the future that does not mean that the price is going to become magically stable all of a sudden, in fact the limit of coins is one of the factors that causes the volatility of the market, fiat can be more or less stable because governments can print as much fiat as they want, in the case of gold while there is a limit in the amount of gold around the world we do not know exactly how big that limit really is since there is a lot of gold at the bottom of the sea which is impossible to access right now due to our limited technology, but we know the maximum number of bitcoins from the very beginning and when you add the number of coins lost and kept in cold storage then it is impossible for the price to be stable. 
There would be many possibilities when the last Bitcoin is mined. Many are hoping for Bitcoin to go mainstream and it is possible. Bitcoin has the most trust with respect to all cryptocurrency that exist so it may be. The price, on the other hand will not be stable. Based from the law of supply and demand, the higher the demand and the lower the supply, the higher the price. Since the supply is constant and the demand is varying, the price should be varying as well.
With bitcoin hitting mainstream and a lot of transactions going on daily, I am sure miners will still be making so much from the transaction fees as far as I am concerned.
By the time the last bitcoin is mined anyway, we would have seen the market hit a huge one, and who knows, mining as we are already seeing it now will only be done by very few, scaling would have been solved and transactions would be faster to allow so many to go on in a day, and that in itself is a long term money making machines for the miners.
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 ?
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.
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.
I think if all bitcoins is mined and nothing is left to mined, then more people will be demanding bitcoin than the supply and it will trigger the price to be at a higher price.
As of now, nobody knows for sure. One thing I'm certain of is that the miners' incentive would solely rely on the tx fees on the block, and if there aren't enough fees to make money, plus the fact that bitcoin didn't boom too much, it will slowly die and everyone would just transfer their funds into newer assets. It is entirely debatable what will happen 122 years from now, but in the short-medium term, it is more likely that people will get the hang of bitcoin and the cryptocurrencies given that it is starting to ring some bells in their local governments. The next 5-10 years would be the most crucial stage in which bitcoin would face. It's either people would like it or people wouldn't, and would just move into another cryptocurrency of their choosing.
I support your point of view and believe that you are right. When in 122 years the last miner will get, the system will work differently. Perhaps somehow, the lost bitcoins will go to the miners. I do not know exactly, but I think that by that time the blockchain will be improved.
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.
Transaction fee is there and by then, there is a possibility that the miners will be earning just that, which is why I believe there would be few miners by then, and those who have been around for a while would be making something tangible from it.Also, the protocol could end up being changed and who knows, there could be a way in which miners will not be needed any more and only the coins in circulation will be used but in that case transaction confirmation will have to be taking another turn.
The last bitcoin is mined means there are 21 million bitcoins are there in the market at different hands.Through the block chain technology it will be crystal clear that who are all possessing each bitcoins in the market..In such a situation the simple market theory is applicable, the supply and demand. Whenever the supply of bitcoin is stopped or stand still naturally its demand will increase in the market so its price can increase considerably
As the number of new pieces generated decreases further, the maximum number of 21 Million Bitcoin is expected to be depleted in the next few decades, and during the process bitcoin will become harder to obtain so I do not think bitcoin will run out but it is very difficult to be mined can not even so many new coins as an alternative and ETH price will be higher.
I don't think it will be until the last BTC is mined. At that time, the value of BTC may be gone. BTC only exists as a speculative product. 
Currently, the miners get payed by block rewards + transaction fees. Block rewards are halved every 210,000 blocks, so this part of the miner's profit is diminishing as time goes by.
The reason transaction fees have been introduced in the first place is to prepare for the future when transaction fees would be the main source of income for the miners. If you take a look at the current situation, it is not so hard to find examples where the total sum of transaction fees approaches and even surpasses the block reward.
Bitcoin is designed from the start to be non-inflationary. Today, there is still a sizable inflation (a couple of percent yearly inflation rate), but, year after year, the inflation rate of bitcoin steadily goes down. A non-inflationary currency is "doomed" to appreciate in value, and so are the transaction fees.
So we are actively preparing for this future situation when all bitcoins are mined. Not that it will matter for you and me personally, as we will not be around to witness it.
The reason transaction fees have been introduced in the first place is to prepare for the future when transaction fees would be the main source of income for the miners. If you take a look at the current situation, it is not so hard to find examples where the total sum of transaction fees approaches and even surpasses the block reward.
Bitcoin is designed from the start to be non-inflationary. Today, there is still a sizable inflation (a couple of percent yearly inflation rate), but, year after year, the inflation rate of bitcoin steadily goes down. A non-inflationary currency is "doomed" to appreciate in value, and so are the transaction fees.
So we are actively preparing for this future situation when all bitcoins are mined. Not that it will matter for you and me personally, as we will not be around to witness it.
As of now, nobody knows for sure. One thing I'm certain of is that the miners' incentive would solely rely on the tx fees on the block, and if there aren't enough fees to make money, plus the fact that bitcoin didn't boom too much, it will slowly die and everyone would just transfer their funds into newer assets. It is entirely debatable what will happen 122 years from now, but in the short-medium term, it is more likely that people will get the hang of bitcoin and the cryptocurrencies given that it is starting to ring some bells in their local governments. The next 5-10 years would be the most crucial stage in which bitcoin would face. It's either people would like it or people wouldn't, and would just move into another cryptocurrency of their choosing.
What do we need to focus more is of course what is near to happen rather than what will happen 122 years from now. We don't even know if Bitcoin will be in the top 10 by that time. You are right looking at Bitcoin from 5 to 10 years from now as we really don't know what it still holds to in the future but we should watch out closely and monitor it. But I doubt BTC will not dominate in the market in the next 5 years or so, it is way too early for a new king to be crowned in the market. Jump to: