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Re: nelson1234 post# 86290

Friday, 04/16/2021 10:57:58 AM

Friday, April 16, 2021 10:57:58 AM

Post# of 129818
It will interesting to see what happens to Bitcoin once it reaches the end of it's supply. Currently 18.5+ million of the 21 million bitcoins have been mined.

I'm curious to see what happens when bitcoin reaches it's limit. My limited understanding is that the decentralized network of miners is needed to maintain the digital blockchain. Their payment for doing so is bitcoins. What will really happen when the limit is reached? Will minors be willing to maintain expensive computer networks for a fee?

I suspect bitcoin will be forced to expand the limit in order to incentive the minors to continue operating. If they do take that step then how does that affect the value of the currency? And then it is any different then the printing presses of the central banks?

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