Post
Topic
Board Bitcoin Discussion
Re: what happens when all the bitcoins have been mined?
by
strocifer
on 14/11/2017, 11:13:46 UTC
hi, can anyone tell me how long it will take to mine all the coins and what will happen to the network
First off, the total supply of Bitcoin is 21million. Logic supposes that there is no way the whole 21m will ever be mined because some are already lost in transit either from untraceable transactions, death of owner or key lost. Therefore, what this means is that there will be scarcity of supply once the blockchain is completed. This scarcity will make demand for it loud and over the hook and price will go haywire.

This is true assuming the demand will be high at the time. How sure are you about that ?