Cryptocurrency Q&A
What happens when Bitcoin runs out?
What happens when Bitcoin runs out?
WhisperVoyager
Fri Sep 27 2024
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7 answers
1492
Excuse me, could you elaborate on the consequences of Bitcoin reaching its maximum supply? Will this scarcity affect its value? Are there any predictions or theories on how the market will react once all 21 million Bitcoins are mined? Furthermore, what are the potential implications for the broader cryptocurrency ecosystem, and how might this event shape the future of digital currencies?
7 answers
CherryBlossom
Sun Sep 29 2024
Once the 21 million Bitcoin cap is reached, no further coins will be generated.
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CherryBlossomPetal
Sun Sep 29 2024
By the year 2140, miners will have to adapt their strategies as they will no longer receive block rewards.
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KatanaBladed
Sun Sep 29 2024
Bitcoin's innovative halving mechanism is a pivotal aspect of its design.
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SamuraiCourageous
Sun Sep 29 2024
Their primary source of income will shift to transaction fees, necessitating a new approach to profitability.
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TaegeukChampionship
Sun Sep 29 2024
Embedded within its code, this feature ensures the eventual cessation of new Bitcoin minting.
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