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Topic: What will happen if all bitcoin were mined (Read 59 times)

member
Activity: 207
Merit: 34
February 08, 2025, 09:47:15 PM
#4

I don Dey think on this matter, Dey imagine how the blockchain system go com be cos as na miners Dey verify and validate our transactions in hope say dem go get small thing if that small thing no Dey again I no sure say dem go still Dey do d work.
Miners wey go Dey, go Dey focus more on transactions wey get higher transaction fees cos that one go be the main incentive for mining.

I believe say the blockchain system go change,  developers go work on improving the protocol and ensure say things no scatter (I know say before that time dem go don think of Wetin to do, all the upgrades and stuff).

But the Major koko go be the economic effect ; as no new bitcoin go Dey added to the blockchain, this one go cause demand to increase and higher prices (Law of Scarcity and Demand go take price). If you Neva acquire bitcoin before that time e go be high mountain, cos price go skyrocket in millions of dollars.

Try now make u gather enough bitcoin for your portfolio before that time!

Miners will have to be validating transaction and solely depend on its transaction fees also charging mining fee, they will have to be maintaining Blockchain. When all Bitcoin are mined, which is expected to be by the year 2140, new ones will not be available in the market, the purchasing power and  price will be adjusted because there will be no new supply available in the market, there will be more investors and users that will want to buy it because of its scarcity, no block reward any longer .
sr. member
Activity: 518
Merit: 349
February 06, 2025, 04:12:06 PM
#3
Try now make u gather enough bitcoin for your portfolio before that time!
Everyone of us here will be dead by then, i am not getting so much concerned about something surely certain that i will never get to experience my self.

Our children and grand children will be the one's to experience the life after all the Bitcoins are mined, the worth of Bitcoin will be high and the price aswell that will make it more profitable, by then a single Bitcoin will be worth millions. Holding and acquiring till then is a dream to build wealth for generations, a deserved route to eliminate generational poverty especially when the beneficiaries are also grounded in Bitcoin knowledge.
hero member
Activity: 1190
Merit: 799
February 05, 2025, 12:43:24 PM
#2
We are in 2025 right now, and the last Bitcoin is expected to be mined in 2140, which is literally 115 years from today, of which we are sure that 99% of people alive today might be dead by then. So that been said, I am of no doubt that the price of Bitcoin won't be extremely high by then, but that doesn't mean it's price will stop people from affording it, since if you can't buy a full one Bitcoin, you can always buy a few bucks of Satoshi, just as 100 Satoshis which is equivalent to 0.000001 BTC or less at a significant price by then. Hence, the best advice I can give newbies today is to buy as much Bitcoin they can buy today and lock it up for 10 or 20 years later. I'm sure you will be surprised by how much profit you might have gotten.
member
Activity: 98
Merit: 8
February 04, 2025, 07:21:20 PM
#1

I don Dey think on this matter, Dey imagine how the blockchain system go com be cos as na miners Dey verify and validate our transactions in hope say dem go get small thing if that small thing no Dey again I no sure say dem go still Dey do d work.
Miners wey go Dey, go Dey focus more on transactions wey get higher transaction fees cos that one go be the main incentive for mining.

I believe say the blockchain system go change,  developers go work on improving the protocol and ensure say things no scatter (I know say before that time dem go don think of Wetin to do, all the upgrades and stuff).

But the Major koko go be the economic effect ; as no new bitcoin go Dey added to the blockchain, this one go cause demand to increase and higher prices (Law of Scarcity and Demand go take price). If you Neva acquire bitcoin before that time e go be high mountain, cos price go skyrocket in millions of dollars.

Try now make u gather enough bitcoin for your portfolio before that time!
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