Quote from: Alphakilo on Today at 07:36:02 PM

Quote from: 100raboveio on Today at 06:21:14 PM

I suggest we should disencourage people from seeing mining just as a profit tool, but as a tool to prevent BTC from crashing.

I didn't know that aside the profit making side of mining, it is also functions to discourage Bitcoin from crash. This has brought a small confusion in my mind.

There are 21 million Bitcoins created. Some have been mined, some are in the wallets of some people and some missing. What will happen when all the Bitcoin gets mined? Will the price crash or will the network crash? This is in the context of the OP.

well is btc headed towards the end?

some think so.

some do not.

2012 we dropped to 25 coins a block 50.000% of coins mined
2016. we dropped to 12.5 coins a block 75.000% of coins mined
2020 we dropped to 6.25 coins a block 87.500% of coins mined
2024 we dropped to 3.125 coins a block 93.750% of coins mined

2028 we will drop to 1.5625 coins a block 96.8750% of coins mined
2032 we will drop to 0.78125 coins a block 98.4375% of coins mined
2036 we will drop to 0.390625 coins a block 99.21875% of coins mined

we will know what's up by 2036 I think.