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October 17, 2018, 06:41:19 AM *
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Author Topic: 17th Million bitcoin has been mined. 4 million left to go.  (Read 212 times)
Kprawn
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August 02, 2018, 03:31:07 PM
 #41

I really don't get it why the first 17 million was mined within 9 years and the remaining 4 million is being predicted to be mined probably more than 9 years.

Bitcoin was developed to simulate scarcity, like for instance Gold. The difference is, we know exactly how many bitcoins there

will be and when the Block reward will stop. In Gold, new deposits are frequently found, so they are dealing with unknown

parameters to determine it's value. After the Block reward runs out, these miners will compete for the miners fees and we

hope that would be enough to sustain their profits.  Roll Eyes Huh

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1van__
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August 02, 2018, 03:58:06 PM
 #42

it is still a very large amount, especially since recently began to appreciate
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August 12, 2018, 10:11:45 AM
 #43

I think it's cool of course but when they run out what will happen next !? How transactions will be made and who will process them !

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August 12, 2018, 10:31:32 AM
 #44

I'm more interested in the question of what price will be for bitcoin, when all that can be obtained?
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