In the year 2130 all of the Bitcoins will have been mined and the only reward at this point is transaction fees,if most people are using Bitcoin just as a store of wealth, then there are very few transactions, which means there is very little reward for mining and so a lot of computers would pull out of the Bitcoin network. Would this be a problem? If large Bitcoin transactions occured sparingly in 2130 and beyond, would the Bitcoin concept still work?
I'm very much confused here. Who came out with the idea that in the year 2130, all Bitcoin will be mined? I have read through the whitepaper of Bitcoin from head to toe for several times but didn't come across anything like 2130 all bitcoin will be mined. The blockchain network of Bitcoin is designed in such a way that, having a bitcoin wallet on your computer automatically sync you to the network. This makes a passive use of your CPU power without you noticing anything. This implies that even if all Bitcoins are mined, the blockchain network of bitcoin will still be intact so far as people still have bitcoin wallets and still owns bitcoins in their wallet.