Post
Topic
Board Bitcoin Discussion
Re: WHEN THE LAST COIN HAS BEEN MINED.
by
Mandoy
on 23/10/2019, 14:13:06 UTC
Hello all, i have always wondered about what happens after the last coin of a COIN has been mined, does that mean that people would not be able to buy it again? if not, if someone i to come to the market to purchase a coin and he/she sees that a coin limit has already been exhausted through the history given on coinmarketcap, would that not make the buyer withdraw from taking step further based on the mentality that the limit has been exhausted?

If all coins were mined then there is nothing to mine anymore. But buying and mining are two different things. Also if all coins were mined the buyer will not withdraw since mining and buying is different. It does not mean that if all coins were mined you can no longer buy. There is a difference between confirming a transaction and mining a block. Even if mining will already stop, the miners could still verify and confirm a transaction and will still earn transaction fees. But on the market since there will be no more coins to mine it means that the supply will no longer increased then that is a good chance for the value to go up except otherwise somebody dump their coins.