Hi Guys!
Recently I was thinking what will happen after 21M limit reaches?!
Whole bitcoin decentralization relies on miners, who compute for our transactions and so, but they should have their profit in that, cause nobody won't work for free
As far as the limit getting closer the mining starting to be slow and profit is getting to be less.
I guess sooner or later a lot of miners will move to other cryptocurrencies like ETH and so, even if some non-profit organization take care about mining process the whole meaning of the decentralization will disappear.
I think there is no Bitcoin bubble in that meaning like was for dot.com (though for other currencies there is bubble IMHO:)), because the whole meaning of Bitcoin is anonymity and this is very important thing for humans in the our era, which means that even if Bitcoin reaches to the 21M there won't be significant deflation, but my concern is that as far that number getting closer as mining will become less profitable and miners will drop this useful and great process!
Hope I am wrong, because Bitcoin is great project!
I don't think any new Change we will see than what we are seeing in the bitcoin . In these days the demand of the bitcoin getting high and supply is going down . But as the time will spent more and more then with that time demand will get like fiat currency in the local world . I means to say that price of the bitcoin will increase constantly and the transaction fee will play a big roll in that case when no mining will happen , frommthe Google source I found that after the stop of 21 M supply , the fee will be goes directly to miners for the transaction and no one system will work between the another system of bitcoin network , so in that time the person have bitcoin will grow his money value easily by doing nothing than hold in Wallet. Recently I was thinking what will happen after 21M limit reaches?!
Whole bitcoin decentralization relies on miners, who compute for our transactions and so, but they should have their profit in that, cause nobody won't work for free
As far as the limit getting closer the mining starting to be slow and profit is getting to be less.
I guess sooner or later a lot of miners will move to other cryptocurrencies like ETH and so, even if some non-profit organization take care about mining process the whole meaning of the decentralization will disappear.
I think there is no Bitcoin bubble in that meaning like was for dot.com (though for other currencies there is bubble IMHO:)), because the whole meaning of Bitcoin is anonymity and this is very important thing for humans in the our era, which means that even if Bitcoin reaches to the 21M there won't be significant deflation, but my concern is that as far that number getting closer as mining will become less profitable and miners will drop this useful and great process!
Hope I am wrong, because Bitcoin is great project!