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?
Here's some outcomes that could happen if a coin with a limited supply ran out and was basically unable to be mined.
1. Transaction fees would instantly go up, to accommodate the lack of block rewards being a thing and transactions would likely become a lot more expensive consistently.
2. The coin would die, or be dead before it's fully mined out - this is my personal prediction for Bitcoin, don't think it'll survive enough for every last coin to be mined out.
3. It would only be available for purchases on exchanges and P2P, with there being no supply, demand and the price would instantly rock up causing the coin to be instantly worth a lot more.