Post
Topic
Board Economics
Re: one question tickling my mind
by
maku
on 06/03/2015, 21:46:42 UTC

but the owners need to be contacted by any means possible. not to ask them but to inject them again in the bitcoin economy..
one day when no bitcoins will be mined anymore we will need every single bitcoins to get everything back to a cycle economy..


No, my friend. It doesn't make any difference. There could be 21 or 11 or 31 million BTC, and nothing would change. What matters is that the supply is limited, and that we know what the limit is. Besides that, total amount of BTC in circulation is irrelevant.
It is relevant from psychological point of view. As people are highly illogical creatures. Amount of bitcoin flowing through system can influence its price greatly as people will perceive in the future that every bitcoin was mined and its supply indeed limited. I would assume a huge price rise near the end of mining bitcoin.