Post
Topic
Board Bitcoin Discussion
Re: what can be happen with the planet after " 21 million Bitcoin limit"?
by
Dan D. Lion
on 29/11/2017, 21:28:30 UTC
If you get all 21 million bitokoynov, nothing special with the planet will not happen. By that time bitkoyn will change a lot, for certain it will have new features and capabilities. It is possible that bitkoyn will change so much that from it there will be only a name. If the upper limit of bitcoin extraction remains at the same level, then the bitcoin will basically perform the function of a value store.

What the hell are those bitkoyn and bitokoynov you're talking about?
6 months on this forum and you can't spell bitcoin right?

Someone have on idea?

Why do you care about ?
By the time the last satoshi will be mined we are all going to be dead for sure. Unless futurama becomes real.

And more important, why do you think bitcoin has anything to do with this planet's fate? More than the dollar, facebook, amazon or dolphins?


Maybe that was lost in translation. And by translation I mean Google Translate.

Since we're here, it could be interesting to discuss the hypothetical situation of Bitcoin fully mined. Would the price go up because of the lack of inflation or would the price go down because it can't be mined anymore? Maybe a fork takes over.

That's a great question, once fully mined and the 21 million attained, if inflation is not somehow eradicated and some other alt(s) haven't taken over the day-to-day transaction workload, I don't see how it couldn't continue to increase in buying power.  This upper limit of coins is such an amazing concept compared to our world-wide acceptance of inflation and ever-increasing money supply.  Then when we're all 200 years old, we'll only be talking about Satoshis...one full Bitcoin???  Come on, who ever could even conceive of that... Smiley