Will the final number of bitcoins become a serious limitation?

[liliiaolivia2017]

Interestion your point

[swogerino]

Even when all the coins will be mined many years distance from now it will not be a serious limitation. People will continue to trade and exchange this number of bitcoins and transaction will go on normally. I don't believe that all people then will hold bitcoins and not do transactions. At that far away time it is supposed that bitcoin to have become mainstream currency.

[Red-Apple]

the final/maximum number of bitcoin which is currently at 21 million with 8 decimal places is not a limitation for now and possibly won't be for many years.

and the chance of that happening (mostly because it has 8 decimal places) is very small. but it exists. for example if a very large number of bitcoins are lost after many years in total. and it won't be a serious problem because there are ways of fixing the issue if it becomes real. for example to break 1 satoshi into smaller units.

but that is not going to happen for many years.

[BitcoinzB]

It's not really a big limitation since the coin can be split into smaller units, but we can't know for sure what the future holds for this currency.
It will be a long time before the limit of coins is reached; by then many thing will probably have changed

[hosseinimr93]

Every four years the number of bitcoins generates decrease with a 50 percent reduction.  Now The supply growth is 12.5 bitcoin every ten minutes. In 2020 that number will be reduce to 6.25. This halving continues till 2140 when There will be 21 million coins. As a result there is long time to reach that point. In that time miners will be paid with only fees and there will be no generated coins.
We cannot predict what will happen. But I guess that is the time when the price of bitcoin will be more stable. In my opinion there is no reason for any limitation.

[DannyHamilton]

The last 0.00000001 BTC won't be mined until 2140.

At that point, a total of 2,100,000,000,000,000 spendable units will have been created.  That's 2.1 QUADRILLION!

I don't think the limit will be a problem.

[Vaskiy]

The final number of bitcoins is always limited, because only with that the supply to demand can be calibrated in a perfect manner. If situation persists several changes might happen in the coin mining too. Importantly the limitations in the coin mined will be good and cause the price increase.

[digaran]

Don't worry at all just wait another month for the Ant emperor the nefarious Wu to create us another 16.5M Bitcoins out of his majestic and tiny little ass, half a lol here.
Are you going to buy a few millions and that's why you are asking? when I first started here I used to ask newbie questions such as: what if some body is willing to buy 20M Bitcoins, will the development team accelerate the mining process and provide the buyer with the demanded amount? full lol.

[daringdiscovered]

Interestion your point

I don't think so, because every day that is passing by, the bitcoin population is always increasing, its demand is increasing, that is why the miners and investors are keeping the bitcoin on recycling to prevent this bitcoin limitation that you are thinking. In the near future, I'm pretty sure that there will be even more bitcoin users because that time, bitcoin would be the world's currency that we are all using, fiat will be useless.

[carlfebz2]

Interestion your point

I don't think so, because every day that is passing by, the bitcoin population is always increasing, its demand is increasing, that is why the miners and investors are keeping the bitcoin on recycling to prevent this bitcoin limitation that you are thinking. In the near future, I'm pretty sure that there will be even more bitcoin users because that time, bitcoin would be the world's currency that we are all using, fiat will be useless.

Fiat would be useless? Its hard to think off that this thing would happen later on even how bitcoin would progress and develop on near future. Assurance on becoming a global currency is still not clear and about limitation its not actually a problem considering that there is 21m supply of bitcoin and those coins will circulate even its limited then expect for the value would be on its peak.

[sir.humus]

The amount limitation is actually one of the Bitcoin's advantages.
In oppose to fiat money, that can be printed by the central bank at any time, and though lose its value,
Bitcoin has this limit that will maintain its value of purchase.

and anyway, it will happen in more then 100 years, so don't worry about it  

[karasuri]

I think it will happen in 20-30 years or even faster. Depending on how much the bitcoins limit is in fact.

[krishnapramod]

I had wondered about this possibility when I was a noob, 21 million limited supply, and then when all the bitcoins have been mined at least 20% would be accounted for lost coins and if a large percentage of people adopt bitcoins would there be a shortage? Nope, simply because bitcoin is divisible, up to 8th decimal point, 1 satoshi. So by 2140, 1 satoshi would be worth a lot than it is now. Limited supply is why bitcoin is compared to gold, store of value.

[LTU_btc]

Simple calculation - Now population is 7 billion people, in ~2100 world population may be 12 billions. So, then by average, one person may have 0.00175 btc. In reality, it may be smaller amountdue to lost bitcoins. But we don't have forget that not everyone will use bitcoins - we have to exclude kids, poors and etc. So, I think it will be enough bitcoins for everyone. Another question, how people will have to send small amounts of bitcoins, when fee will be much higher than transacted amount.

[stompix]

Simple calculation - Now population is 7 billion people, in ~2100 world population may be 12 billions. So, then by average, one person may have 0.00175 btc. In reality, it may be smaller amountdue to lost bitcoins. But we don't have forget that not everyone will use bitcoins - we have to exclude kids, poors and etc. So, I think it will be enough bitcoins for everyone. Another question, how people will have to send small amounts of bitcoins, when fee will be much higher than transacted amount.

Use a bit of common sense.
People pay right now 80 000 satoshi for a tx or 2$.

If bitcoin will reach that usage and will evolve (scale) normally people will still pay 2$ but that probably would only be  2 or 4 satoshi.

[Iranus]

One Bitcoin is not what you spend.  It's just the default unit of the reference client and the one which is traded on exchanges​.

You could equally say "are there enough kilograms of gold in the world?".  The answer is yes, because you can use grams, and milligrams, and so on...

One single "Bitcoin" does not actually exist.  It's just a term that we're using to refer to 100,000,000 spendable units.

[Kprawn]

The last 0.00000001 BTC won't be mined until 2140.

At that point, a total of 2,100,000,000,000,000 spendable units will have been created.  That's 2.1 QUADRILLION!

I don't think the limit will be a problem.

You gotta luv this guy, even if he hate sig members.  Yes, Danny... once again you have it spot on with your answer. Have you calculated what

will happen if we decide to divide it even further? 0.0000000001 {Because this is also a viable option, if it comes down to it} I just doubt

that we will ever get consensus to do it, because we cannot even reach consensus to scale the bloody thing. 

[matuson]

Even when all the coins will be mined many years distance from now it will not be a serious limitation. People will continue to trade and exchange this number of bitcoins and transaction will go on normally. I don't believe that all people then will hold bitcoins and not do transactions. At that far away time it is supposed that bitcoin to have become mainstream currency.

I will never believe that the government most developed countries will allow bitcoin was the main currency. Most likely if the popularity of bitcoin will continue to grow they will try to make their cryptocurrency. Who owns the money owns the world, and bitcoins to own impossible.

[virtualdn]

I like the fact BTC number of coins is limited. More people will use it and it will have a greater value... this is one of the main qualities BTC has..it's rare! Yes, rare for such a big world.

[hawthelegend]

You know what i think op? I think that you should not worry about this thing anymore. Coz it would probably take years before that happens. And by years, i mean so many god damn years! Lol, we all would probably long gone by the time that this limitation that your ralking about rises as a problem. But then again, bitcoins can be divided into many parts, so that would also take a lot of years and i dont even wanna count how long. Haha.. but really, you shouldn't be making a problem in the future a problem for today, that's just unhealthy for all of uszz haha