WHEN THE LAST COIN HAS BEEN MINED. - page 2.

mk4

legendary

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Paldo.io 🤖

Quote from: Lawrenzoo on August 20, 2019, 10:41:54 PM

does that mean that people would not be able to buy it again?

Why wouldn't they be able to buy? Even if every single bitcoin gets mined today, people will still be able to buy. Why? Because the markets are open 24/7 and there will always be sellers in the market regardless of what the current supply is and what the future supply will be. The chances of there being absolutely ZERO sellers is next to impossible.

odolvlobo

legendary

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Quote from: Lawrenzoo on August 20, 2019, 10:41:54 PM

Hello all, i have always wondered about what happens after the last coin of a COIN has been mined, does that mean that people would not be able to buy it again?

That seems to be a common misconception Consider this: each day, a million bitcoins are bought and sold, yet only 1800 are mined.

philipma1957

legendary

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'The right to privacy matters'

So Btc:

reward will be 6.25 in 2020
Reward will be 3.125 in 2024
Reward will be 1.5625 in 2028
Reward will be 0.78125 in 2032
Reward will be 0.390625 in 2036
Reward will be 0.1953125 in 2040
Reward will be 0.09760625 in 2044

Not to mention tax fees which need to grow to cover decreasing fees.

But in 2068 reward is 0.09760625/ 64 Which is not zero it is 0.00151

And in 2092 reward is 0.00151/64 which is 0.00002356

And let’s face it while the reward gets very small it does not go to zero just a very small number.

At 2100 it is really small reward. Under 0.00000001 at the moment I think we only do 8 digits or 1/1000000 of a btc. But my thoughts are we will extend that to

0.000000000001 down the road.

What is more important is tax fees. And coin prices.

pooya87

legendary

Activity: 3472

Merit: 10611

have you tried searching your question?
always remember that such basic questions have already been asked hundreds of times. a quick search will bring up a lot of answers for you to read.
https://bitcoin.stackexchange.com/questions/66/will-deflation-destroy-bitcoin

Lawrenzoo

jr. member

Activity: 378

Merit: 2

Hello all, i have always wondered about what happens after the last coin of a COIN has been mined, does that mean that people would not be able to buy it again? if not, if someone i to come to the market to purchase a coin and he/she sees that a coin limit has already been exhausted through the history given on coinmarketcap, would that not make the buyer withdraw from taking step further based on the mentality that the limit has been exhausted?

Topic: WHEN THE LAST COIN HAS BEEN MINED. - page 2. (Read 407 times)