CryptoTamer
Wed Jul 31 2024
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5 answers
1211
Who will mine Bitcoin after 21 million?
It's a fascinating question, indeed. With the total supply of <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> capped at 21 million, many are wondering what the future holds for the cryptocurrency's mining process. Will miners continue to compete for rewards, even after the last Bitcoin has been mined? Will the network's security be compromised? Or will a new system emerge to incentivize miners? As we move closer to the 21 million mark, these questions are becoming increasingly relevant. But what do you think? What's your take on the future of Bitcoin mining? Will miners still be motivated to support the network, even after the last Bitcoin has been mined?
LightWaveMystic
Sun Jul 28 2024
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5 answers
1220
What happens when 21 million bitcoins are sold?
Good afternoon, I have a question about the future of Bitcoin. As we all know, there's a finite supply of 21 million Bitcoins that can be mined. What do you think will happen when all 21 million Bitcoins are eventually sold? Will the value of <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> continue to rise indefinitely, or will there be a ceiling to its potential? Will miners still be incentivized to maintain the network if there are no more Bitcoins to mine? I'm curious to hear your thoughts on this matter.
MountFujiMystic
Fri Jul 26 2024
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6 answers
1439
What happens after 21 million bitcoins?
I'm curious, once the 21 million bitcoin limit is reached, what will be the implications for the <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> market? Will mining still be profitable? Will the scarcity of new bitcoins drive up the value even further? And how will the network handle transactions without the incentive of new coin creation? I'm eager to learn more about the potential future of bitcoin and how it will evolve beyond this milestone.
EnchantedSky
Mon Jul 15 2024
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5 answers
938
Why did Nakamoto choose 21 million for bitcoin's supply limit?
Could you elaborate on the reasoning behind Nakamoto's decision to cap Bitcoin's supply at 21 million? Was this number chosen arbitrarily, or was there a specific rationale behind it? Given the limited and finite nature of this supply, how does it impact the value and scarcity of Bitcoin? What are the potential implications for the <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> market in the long term? Does this supply cap provide a degree of stability and predictability for investors? Understanding the motivations behind this decision is crucial for evaluating the economic sustainability of Bitcoin.
Stefano
Mon Jul 15 2024
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7 answers
1563
Will there ever be more than 21 million bitcoins?
Could you elaborate on the possibility of there ever being more than 21 million bitcoins in circulation? Given the hard-coded limit within the <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> protocol, is it feasible for this number to increase, or is it truly a set maximum? What are the potential implications if the limit is ever surpassed, and how would the Bitcoin network handle such a scenario? Furthermore, what measures are being taken to ensure the long-term stability of the Bitcoin supply and prevent any unexpected deviations from the intended 21 million ceiling?
