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Kflawn

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Kflawn

Re: creede post# 9874

Thursday, 05/06/2021 2:54:45 AM

Thursday, May 06, 2021 2:54:45 AM

Post# of 26505
For example, by 2040, there will be no more Bitcoins able to be mined. As a result, this will encourage excessive hoarding of the supply of Bitcoins. This will push up the Bitcoin price, but reduce the actual trading volume of the Bitcoins (i.e., deflating the float

How will bitcoin be worth anything after 2040? If no one is mining coins how will transactions be recorded? Just curious I thought the whole concept of mining was to record the daily transactions.
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