What will happen when BTC hits max number of coins

0t3p0t

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Quote from: highperspective on September 09, 2017, 03:45:10 PM

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?

Well, in my opinion, I think if that will happen then maybe a single satoshi is worth more than your dream car or a house. It may sounds funny but could still be possible. To early to speculate but yeah still has to take a long, long journey and I don't think if humans still exist during that time. Grin

Actually time can really tell us that and for sure no humans could pinpoint what would exactly to happen that time only speculations are more acceptable. As what I have observed transaction fees are some kind of an issue here too as all coins are mined and will fully flow in circulation with demands too high that makes the price to make the value of a single satoshi into like thousands or even hundreds of thousands of dollars.

anhhung409

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I do not think the number of Bitcoins will be lacking, transactions are still going on and we are still paying a fee to pay the miners. That fee means the amount left for the miner to continue to provide to the user. Therefore, the amount of Bitcoin never changes but its price is increasing

btcprospecter

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It will take a while before all the bitcoin is mined but miners will sill operate as they are needed for transactions. It is not something to worry about.

axorb

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Quote from: highperspective on September 09, 2017, 03:45:10 PM

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?

In my opinion this one happens as of now a ton of times. What I have seen is that they will be a dividing or a part of coins to half of its esteem. So we could backpedal to ordinary process again and this continues rehashing and rehashing

AGD

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I hate it when these lazy people don't search before asking questions:

https://www.quora.com/What-happens-when-21-million-bitcoins-are-mined
http://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/
https://news.bitcoin.com/what-happens-bitcoin-miners-all-coins-mined/
https://www.reddit.com/r/Bitcoin/comments/6c9s2b/what_happens_after_all_bitcoins_are_mined/
https://bitcointalksearch.org/topic/what-happens-when-all-bitcoins-are-mined-71176
https://bitcointalksearch.org/topic/what-will-happen-in-the-mining-world-with-bitcoin-once-all-coins-are-mined-2074040
https://bitcointalksearch.org/topic/after-all-bitcoins-mined-1819325
https://bitcointalksearch.org/topic/what-will-happen-when-the-21m-bitcoin-will-be-minned-88630
https://bitcoin.stackexchange.com/questions/18103/what-happens-when-the-21-million-cap-is-reached
https://steemit.com/story/@internetfreedom/what-will-happen-when-all-21m-bitcoins-are-mined
https://www.comparitech.com/blog/information-security/what-happens-when-all-bitcoins-mined/
https://coinidol.com/what-happens-when-bitcoin-mining-rewards-diminish-to-zero/

OP, this question obv. has been asked numerous times.

Svener

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Quote from: stomachgrowls on October 22, 2017, 11:13:02 AM

Quote from: davinchi on September 13, 2017, 09:29:06 AM

Quote from: highperspective on September 09, 2017, 03:45:10 PM

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?

Well, that’s it. We just stare at it and nothing else is gonna happen. There will be no more mining or anything similar to that. Every faucets is likely to close down also, and there will be no more free money. We are then left with a particular amount and the only thing I think will happen is people starting investment in altcoins.

I do assume the same thing too which if people find out all bitcoins have been mined already then we do really seek for another coin for sure which we can actually able to make money or even mine it but yet the price of bitcoin would really be valuable on that time and the miners will really only focused on pushing transactions since theres no bitcoin that can be mine at all.

Yeah the miners will be only used for transaction after all bitcoins mined.The important is when all bitcoins were mined the price of bitcoin will be at peak, the bitcoin will be most valuable currency ofcourse no more free money.

stomachgrowls

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Quote from: davinchi on September 13, 2017, 09:29:06 AM

Quote from: highperspective on September 09, 2017, 03:45:10 PM

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?

Well, that’s it. We just stare at it and nothing else is gonna happen. There will be no more mining or anything similar to that. Every faucets is likely to close down also, and there will be no more free money. We are then left with a particular amount and the only thing I think will happen is people starting investment in altcoins.

I do assume the same thing too which if people find out all bitcoins have been mined already then we do really seek for another coin for sure which we can actually able to make money or even mine it but yet the price of bitcoin would really be valuable on that time and the miners will really only focused on pushing transactions since theres no bitcoin that can be mine at all.

davinchi

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Quote from: highperspective on September 09, 2017, 03:45:10 PM

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?

Well, that’s it. We just stare at it and nothing else is gonna happen. There will be no more mining or anything similar to that. Every faucets is likely to close down also, and there will be no more free money. We are then left with a particular amount and the only thing I think will happen is people starting investment in altcoins.

szpalata

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Quote from: maldini on September 10, 2017, 11:08:12 AM

Let's hope the bitcoin continues to increase its value slowly, with a tip that has no maximum limit. The exchange that will continue to be done until the future.

I think you're at sea here, the OP is talking in relation to the mineable bitcoins and what is likely to happy if they are maxed out. For me I think it will create more demand on the market and a corresponding increase in its value will ensue.

maldini

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Let's hope the bitcoin continues to increase its value slowly, with a tip that has no maximum limit. The exchange that will continue to be done until the future.

Kprawn

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Quote from: edynolan on September 10, 2017, 10:18:56 AM

there will only be an exchange and the possibility of the price will increase much higher than the current price

There will be several exchanges and no guarantee that the price will be much higher than it is now. This is still experimental

and we do not know if the availability of coins will influence it's use. If there are only limited coins in circulation, it might even

push down the price. {where are you going to use the coins, if there are no more coins in circulation} Huh

The whole focus

will then shift to "Store of value" and not being a currency.

edynolan

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there will only be an exchange and the possibility of the price will increase much higher than the current price

batang_bitcoin

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Quote from: FiiNALiZE on September 09, 2017, 05:46:46 PM

Quote from: batang_bitcoin on September 09, 2017, 05:37:04 PM

This question has been asked and posted for xxxx times here in forum. Nothing will happen as the transactions will keep on going. Try to learn about basic supply and demand and you will know what will be the changes if bitcoin hits all 21 Million mined coins. We are all going to be happy when we are getting close to the limits.

Miners will get paid once the maximum amount of Bitcoins is distributed. People will want to only hold the coin instead of just spending them around because the miners won’t be wanting to waste money on Electricity if they aren’t a large competitor in the mining area. There will be a bunch of hashes going around so Solo Mining would be really nothing to even plan on because the people that Solo Mine won’t make that much money from helping the network.
Unless that person has a large amount of threads that could be used for calculations then that person will have the chance.

Mostly everybody wants to hold because the supply is limited and we know if someone is going to hoard a lot of bitcoins, there will be a short. And once we are now experiencing shortage of supply, that will lead to a high demand that will cause the price of bitcoin to increase and it will be beneficial not only to miners but to every holder.

Pettuh4

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Quote from: cpfreeplz on September 09, 2017, 08:07:27 PM

I don't think the world will be around by then. There are too many nutjobs with nukes out there so we'll probably all explode around... oh idk 2060-2085. Somewhere in between there. So don't worry about what would happen with bitcoins. Some alien lifeforms will take it over.

There's indeed no need to worry as technology and Bitcoin keeps evolving and so it will take care of itself as it age and so speculations about whatever will happen when Bitcoin is maxed out isn't necessary yet.

cpfreeplz

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I don't think the world will be around by then. There are too many nutjobs with nukes out there so we'll probably all explode around... oh idk 2060-2085. Somewhere in between there. So don't worry about what would happen with bitcoins. Some alien lifeforms will take it over.

dimastegar

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We don't know yet what will happen later. If Bitcoin has reached the maximum amount, then there are many possibilities such as miners who decreased their earnings. Well, instead of talking now, we'd better wait until that day comes.

MMysterious

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I don't think anything will happen by then and it would still be the same except of course the price or value of these coins by that year. But everything will go as it is and maybe it will be difficult to mine bitcoin by then.

Quietman

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Nothing will happen. Bitcoin will continue to circulate around the globe. Since bitcoin has buy and sell, there is a possibility that the demand of bitcoin will get higher. The higher the demand of bitcoin, there will also be inflation in the price of bitcoin.

swiftblade

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Every currency in this world including fiat and crypto get in to inflation based on supply. More amount of money lowering the current it self.
From 2009 to 2017, bitcoin price rising so much because of high demand from investor, trader, and user. Inflation was happen too, but we can not recognize that, its very small amount.
I think When bitcoin hit the maximum available supply, and wish this currency still popular, a Very Huge DEFLATION will happen to this currency. Maybe u can buy Ford Mustang GT just for 1 satoshi

FlightyPouch

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Quote from: Skieleton on September 09, 2017, 06:40:24 PM

Quote from: highperspective on September 09, 2017, 03:45:10 PM

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?

Such topics were already. Ways collect BTC:
1. Earn Bitcoins by accepting them as a means of payment

2. Earn free Bitcoins by performing tasks on websites

3. Earn Bitcoins by paying interest%

4. Earn Bitcoins through mining

5. Earn Bitcoins through grants and "tips"

6. Earn Bitcoins through trading

7. Bitcoins as regular income

8. Earn Bitcoins by gambling for everyone

I think you got the wrong thread. This thread is about the max number of bitcoin, while you are talking about ways of earning them.

I think if the max supply of bitcoin was reached, there will be a lot of pump because of the demands of the users. There will be a smaller fee and I think there will be less confirmations.

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