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Topic: Will the final number of bitcoins become a serious limitation? - page 3. (Read 1406 times)

full member
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It's not really a big limitation since the coin can be split into smaller units, but we can't know for sure what the future holds for this currency.
It will be a long time before the limit of coins is reached; by then many thing will probably have changed
hero member
Activity: 1470
Merit: 655
the final/maximum number of bitcoin which is currently at 21 million with 8 decimal places is not a limitation for now and possibly won't be for many years.

and the chance of that happening (mostly because it has 8 decimal places) is very small. but it exists. for example if a very large number of bitcoins are lost after many years in total. and it won't be a serious problem because there are ways of fixing the issue if it becomes real. for example to break 1 satoshi into smaller units.

but that is not going to happen for many years.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
Even when all the coins will be mined many years distance from now it will not be a serious limitation. People will continue to trade and exchange this number of bitcoins and transaction will go on normally. I don't believe that all people then will hold bitcoins and not do transactions. At that far away time it is supposed that bitcoin to have become mainstream currency.
full member
Activity: 168
Merit: 101
Interestion your point
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