Currently there are roughly 19,800,762.5 in existinces, Im always wondering how things will continue when all of them are mined,
What I know is that by that time, it's going to be 100 years from here and that means many of us will be under 6 feet while another generation will be the ones adopting Bitcoin by thag time. As long as the code remain untampered and protocol remain the same across all miners, no any more Bitcoin will be issued. Just like many people said, miners are going to be compensated from transaction fees, that's the only way coins will be circulated.
Offcourse its getting harder and harder and take longer each halving, but how is the bitcoin network gonna confirm transactions when there is no mining to be done?
Is it a matter of everyone just running a node instead ? or is it like that miners will get the transaction fee instead? and how honest will it be as in will the fees be super high will it be self regulated?
Is it like the more people mine the higher the difficulty be same as the more transactions there are the higher the fee will be?
I read one article about Bitcoin ordinals coming back in the future. The person said the developers allow Bitcoin ordinals to flourish which game make Bitcoin transaction to go up compensating miners, same will come later in the future but is going to be something more useful and not based on fomo like people did and forget so that miners can get incentive for running mining and helping Bitcoin stable but the circulation of Bitcoin supply is going to remain the way it's.