Quote from: Huppercase on Today at 07:59:32 PM

Quote from: coupable on February 08, 2025, 01:07:28 PM

This is absolutely true and logical. My question is about the possibility that Bitcoin will not be available to everyone due to the scarcity factor that will affect the supply in the market and the difficulty of making transactions due to the high transaction fees after the completion of mining the last Bitcoin. Can't we talk about the "death of Bitcoin" clinically as happens with humans? I read articles about these futuristic approaches and I find them really interesting because they pose the issues from a completely objective point of view. What do you think?

You remember when a thread where someone from this forum bought pizza for 10k btc? That's was because it was available, the supply was low but the demand was not there yet but today, nobody will ever exchange 0.1 Bitcoin for Pizza because it is too expensive, it's scares now right but there is sats you know, number of sats make an amount of Bitcoin, I believe a time will come where sats will become relevant, people will used Satoshi to buy and sell Bitcoin so it wouldn't be an issue with scarcity but Bitcoin as whole will be scarce.

This thing might come faster than we think. Imagine that Microstrategy keeps buy and holding every Bitcoin they bought, Blackrock continue to do the same and then US finally agree to have Bitcoin reserve where they will be buying quarterly or yearly, the Bitcoin market is going to be crazy that no one will literally want to sell Bitcoin, even exchanges will come to a new terms to limit the amount of Bitcoin you can take out from their platform, it will be so scarce to buy.

This scenario is likely to happen and there are indications that we are on this plan, as whales are working to acquire as much Bitcoin as possible to keep a small percentage of it available for popular circulation. Bitcoin in this case will become only a store of value and its use as a major payment system will decline. Moreover, all mining pools will have to obtain as much as possible to participate in mining after the transition from POW to POS, and thus the scarcity factor will be the only factor that determines BTC value.