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RE: Bitcoin Mining Apocalypse? Programmer explains.

in #bitcoin3 years ago

if the price of bitcoin stays or hobbles around the same area yes the miners will all go away and the remaining coins will never be mined. However, in theory from a supply and demand point the coins should go up. With all that investment coming in, it does look like it is still on the positive and it ain't going anywhere anytime soon.


I don't think Bitcoin will remain the dominant blockchain for 100 years, but it wont disappear because of the block reward getting too low. There's just too much money in Bitcoin for it to just die.

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