[dtube] What Happens When There Are No More Bitcoin Left to Mine in 2140?
M. Ellis asks "What do you think will happen to Bitcoin's stability when there are no coins left to mine, and all the miners have no reason to keep spending money on electricity to confirm transactions? What is the incentive to keep track of the transactions and how will Bitcoin survive?"
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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Original date of upload: January 2nd 2018
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In a 122 years time I cannot even begin to think of what advances we will make in electronics, AI, neural networking and renewable energy. What I do know is by then the bleeding edge tech of today will probably be in a museum somewhere. I would like to think that BTC will still be around, will have stabilised in value, and will have attained mass adoption. For that to happen the community needs to focus on and fix the present day issues that prevent it scaling.
Nice topic! I think last bitcoin mined (if that will be even possible) will be worth millions if not more. Can you imagine what bitcoin will be worth in 2140? I belive there is never going to be 21mil of Bitcoin in existence. There are already thousands lost by accidents. Well, I’m sure unfortunately our generation will not find out.
This is assuming humanity makes it to the year 2140. Doubtful that we make it past the 2050's at this rate. Ocean pollution, global warming, wars over resources- all just the beginning of the end. Why do you think there is so much talk about colonizing mars and the moon?
It is a very interesting topic. By 2140 if bitcoin was successful, a few satoshis could be worth thousands of dollars, so I think that in the future the miners will still have enough incentives to continue working.
I believe that by the year 2140 there will be coins much more important than bitcoin or something else.
But if it continues for that time, and there are few transactions, fewer people will mine and those who do will obtain greater rewards, they will always have a piece of cake.
The transaction fees will by then be meaningful and adequate to support sustaining the mining operations. Even cery small fees add up if we are talking world currency.
The pressure on the dough will allow the price to rise rapidly
By 2140 we will be dust in the wind.
Not to mention that a bunch of new coins will come up until then
And tobe honest when there are no more coins to mine its value will increase rapidly.Because it will be a measure of wealth...like gold.
And there will be high demand...but no one will sell...i assume
More coin will be available by 2140 with appreciate value good overview.
By then there will be alternative coins and pass through instruments. Options and legacy contracts that may obligate or incentivize mining.