Post
Topic
Board Bitcoin Discussion
Re: Predictions : Mining of new bitcoins stops tommorow
by
arxwn
on 05/09/2014, 22:40:23 UTC
I believe you misunderstood. I mean bitcoin mining finished , 21 millions are created. Only transaction fees for miners.
Ohhhhhh, you're hypothesizing about distant future scenarios and for some reason using the word "tomorrow".

Still just as absurd. But to answer your question, imagine what would happen to the price of gold if tomorrow they announced the very last ounce of gold had been mined, and there was no more left to be found in the entire universe.

Think back to economics 101 when you learned about supply and demand. What happens when demand remains the same, but supply drops to zero?

That was my first thought, however since bitcoin is one of now thousands cryptos and services could just hop to better return on investment value whereas gold can only be made in the heart of supernovas. Again this is not an argument for gold, this is playn hypothesis on the condition of the bitcoin ecosystem, whether is is selfsustaining or not.