Post
Topic
Board Bitcoin Discussion
Re: Is it possible that Bitcoin becomes quiescent?
by
lizarder
on 14/11/2019, 19:01:31 UTC
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?

Using a transaction is not only in the form of reality. You can see daily transactions on coinmarketcap, how many bitcoins are in the top 3 for cryptocurrency transactions around the world. That indicates that bitcoin is still needed and will continue to be needed as the development of technology from the blockchain.

We will never know what will happen in the future, but we can only be speculative if there are currently more and more bitcoin users, it is likely that bitcoin will continue to grow in the future.