Topic: What will happen when BTC reach its max supply? (Read 298 times)
If there are no new blocks to mine, there will still be transaction fees. Maybe the transaction fees will be higher to compensate for the lack of block rewards, or maybe they stay the same but go up in dollar value.
People are comparing XRP with BTC and predicting that Ripple will replace Bitcoin in near future. I am not really agreed to this, It may be another Alt coin which can replace Bitcoin in future but the question is, what will happen when Bitcoin reaches its maximum supply?
Bitcoin is a monster that was created not to be replaced by someone. Especially when it comes to Ripple.Look at this https://www.youtube.com/watch?v=xUeceg9TiFY&t=8s and you'll understand what's at stake.
When bitcoin reach it's maximum supply, many all adult that are currently using bitcoin would probably be dead! So, lets not worry about what will happen the. However, I believe Bitcoin is going to rise into 7 figure in our lifetime!
I do not think that Ripple will replace Bitcoin. Although, I think that Bitcoin with its slow and expensive transactions is much inferior to Ripple in technology. But bitcoin is the foundation. It's like gold in the usual world of money.
There are some altcoins that are much more faster and cheaper(even free transactions) than ripple already on the market. And many of them seems more decentralized than ripple. “Oh, surely if you consider the events at first they can only point to one conclusion” - I see that ripple is pumping to get others' bitcoins, neither more nor less
What do you mean saying that ripple will replace bitcoin? If it will replace it on coinmarcetcap - that is only numbers, give me 1m$ and I will make the coin from rank 900-1000 the coin number one on coinmarketcap. If you are talking about ripple replace bitcoin as a currency and all cryptos will be compare to ripple - I'll leave this market, where centralized currency took control ove decentralized one.
Answering your question - nothing special will happend. Except all this mining equipment and all THs will be forced to find new coin with same algo
Answering your question - nothing special will happend. Except all this mining equipment and all THs will be forced to find new coin with same algo
perfect answer, if ripple replaces bitcoin , then everyone will shift back to centralized economies called banks, but the vision of our great master satoshi was a decentralized economy, read his white paper of bitcoin, i merely dought if atleast 1% of the crypto world ever read the white paper of bitcoin. ripple is a banks currency , they are swallowing bitcoins and other limited alts into their economy and destroying the decentralized economy
Just a little addition to your words - really doesn’t matter how much people have read satoshi's whitepaper, but, what is more material - how much people understood it right
The truth is that neither ripple nor bitcoin has a use as a coin in our day life.
There are (if any) few shops where you can buy using ripple and much more where you can use bitcoin.
But there is a problem. Bitcoin has high fees and few people use segwit addresses. You can't buy even a cup of coffee.
So (today) bitcoin is an asset not a coin.
If bitcoin ever reaches it's max supply, it should worth a lot of money.
Imagine, the last Bitcoin will be mining for 6 years... 300000+ blocks to mine just 1 bitcoin.
There are (if any) few shops where you can buy using ripple and much more where you can use bitcoin.
But there is a problem. Bitcoin has high fees and few people use segwit addresses. You can't buy even a cup of coffee.
So (today) bitcoin is an asset not a coin.
If bitcoin ever reaches it's max supply, it should worth a lot of money.
Imagine, the last Bitcoin will be mining for 6 years... 300000+ blocks to mine just 1 bitcoin.
What are your reference regarding about this matter? Its very amazing if that will happen sooner. I also agree that bitcoin is really a high class than anyone else because once the value os high it becomes double or triple.
People are comparing XRP with BTC and predicting that Ripple will replace Bitcoin in near future. I am not really agreed to this, It may be another Alt coin which can replace Bitcoin in future but the question is, what will happen when Bitcoin reaches its maximum supply?
Look pal, bitcoin is the gold of crypto currency, an i find it really impossible to be replaced by any other crypto currency. Specially xrp that is the opposite of the great ideologies of bitcoin. Its just impossible.
Now, if bitcoin reaches max supply, then the proce will stabilize. Like dollars. With minimum dips and rise. But maybe it will rise even higher unlike dollars since unlike dollars or fiat, there are nonadditional stocks that are getting printed out(unless developers start to add). But I don't think our generation will even reach that time.
The truth is that neither ripple nor bitcoin has a use as a coin in our daily life.
There are (if any) few shops where you can buy using ripple and much more where you can use bitcoin.
But there is a problem. Bitcoin has high fees and few people use segwit addresses. You can't buy even a cup of coffee.
So (today) bitcoin is an asset, not a coin.
If bitcoin ever reaches it's maxed supply, it should worth a lot of money.
Imagine, the last Bitcoin will be mining for 6 years... 300000+ blocks to mine just 1 bitcoin.
There are (if any) few shops where you can buy using ripple and much more where you can use bitcoin.
But there is a problem. Bitcoin has high fees and few people use segwit addresses. You can't buy even a cup of coffee.
So (today) bitcoin is an asset, not a coin.
If bitcoin ever reaches it's maxed supply, it should worth a lot of money.
Imagine, the last Bitcoin will be mining for 6 years... 300000+ blocks to mine just 1 bitcoin.
Thanks everyone for the replies. I pretty much agree to that Ripple is centralized cant really take Bitcoin place by breaking the basic rule of crypto.
What do you mean saying that ripple will replace bitcoin? If it will replace it on coinmarcetcap - that is only numbers, give me 1m$ and I will make the coin from rank 900-1000 the coin number one on coinmarketcap. If you are talking about ripple replace bitcoin as a currency and all cryptos will be compare to ripple - I'll leave this market, where centralized currency took control ove decentralized one.
Answering your question - nothing special will happend. Except all this mining equipment and all THs will be forced to find new coin with same algo
Answering your question - nothing special will happend. Except all this mining equipment and all THs will be forced to find new coin with same algo
perfect answer, if ripple replaces bitcoin , then everyone will shift back to centralized economies called banks, but the vision of our great master satoshi was a decentralized economy, read his white paper of bitcoin, i merely dought if atleast 1% of the crypto world ever read the white paper of bitcoin. ripple is a banks currency , they are swallowing bitcoins and other limited alts into their economy and destroying the decentralized economy
People are comparing XRP with BTC and predicting that Ripple will replace Bitcoin in near future. I am not really agreed to this, It may be another Alt coin which can replace Bitcoin in future but the question is, what will happen when Bitcoin reaches its maximum supply?
people with high supply of bitcoin will not only do nothing and see, maybe they will do something that can make bitcoin circulation still work as usual. i don't know about the price but maybe it will be good
xrp is not going to do nothing big
what causes bitcoin to crawl down at the end of this year?
should not it be for the beginning of the year should it increase?
should not it be for the beginning of the year should it increase?
I guess in this case its price won't be so volatile, and for the whales it will be difficult to manipulate the whole crypto market.
As long the people are going to trust in btc the price will rise. But a stable price would be much better than...
no more inflation and the considering that it reaches the max supply then the demand for it will grow and so is the value, I guess its not a bad idea to save some bitcoin now, though i believe the supply will last for a really long time so lets stop worrying about it.
I don't believe that Ripple will ever replace Bitcoin. Ripple's supply is huge, so if Ripple get to 7-8$ and Bitcoin's price is the same Ripple will have bigger market cap. So what will that change??? I think nothing will change. I don't think people will ever look to Ripple the same way as they look Bitcoin.
The final bitcoin is supposed to be mined sometime in 2140, so this question is not really relevant for a couple of reasons; such as all people currently alive being dead by then, and most probably bitcoin will not be around as well, since we have no idea what the economy will look like by then. So I wouldn't worry that much about what will happen to bitcoin then.
If that happens,we are probably dead a long time ago so dont worry bro we still have 150years to mine the BTC's.
In my opinion the price will be more stable, but not very much, because its price depends on more factors. It is only speculation, many things could happen in the interim.
I do not think that Ripple will replace Bitcoin. Although, I think that Bitcoin with its slow and expensive transactions is much inferior to Ripple in technology. But bitcoin is the foundation. It's like gold in the usual world of money.
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