Doubling price is not at all realistic solution because rewards are ultimately going to become zero in next century.
By logic of doubling prices , In next 40 years ,BTC should cost more than 7 million USD per BTC. I just wish if it can be true.
Yes, that's true. Long term the only rewards for miners will be transaction fees. Until then, it's still a long way to go but I'm sure there will be a good solution. By logic of doubling prices , In next 40 years ,BTC should cost more than 7 million USD per BTC. I just wish if it can be true.
by then we should have better technology of hardware/software mining (cost of equipment)
also take consideration of bitcoin production cost, total network hashrate, interest of miners and etc
I believe we would see a balance of cost efficient mining farm and network hashrate which creates a stable bitcoin price
else... bitcoin devs and users will think of something and create a new consensus about mining reward and tx fee
