Quote from: Ledway on April 30, 2023, 10:16:06 AM

Quote from: passwordnow on April 30, 2023, 10:12:22 AM

Quote from: Ledway on April 30, 2023, 07:45:23 AM

Looking at the basic fact about the limit of bitcoin according to the protocol for the bitcoin network,it was design with a limit of 21 million coin.
My question now is are cryptocurrency miners be unable to generate new bitcoin after it reach the 21 million coin limit?
Since there are over 19.15 million bitcoins in circulation if am not mistaken.

The keyword was already said, limit.
No longer possible to generate new bitcoins after it's been reached. But you don't worry about that because it's estimated that it will be more than a hundred years until the last bitcoin will be mined.
So, we're no longer here anymore and that's likely.
While the answer to your question is, miners will work just to confirm transactions by that time if Bitcoin still exists by that year.

that's an interesting point too.

Yeah, interesting and yours as well. Any thought that you're having is valid but I don't think that most of us will still be alive by that time. Even if I'm also a bitcoin believer and holder, we don't know if by that time bitcoin is still a thing. But as of now, it's here to stay and we're all looking forward to its future. It's good to know about such situations and about these things but then after knowing what will happen by that time, it's best to have that focused thought into accumulation and that's much better for us to get back on track and that's to accumulate as many bitcoins as we can. It may not be a whole bitcoin but you're doing your thing and you've got a progress.