We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?
What's your opinion about this?
I'd doubt the community would let the miners financial situation be a bleak future. After all, they'd have to rely on them with the transactions made so most likely, miners would still live satsifyingly. That, or the communitt somehow manages to create a system that could replace miners.
2140 is a long way to go. Assuming this, it might be an end for miners because mining was their way of their profit, there will be a sudden shift here.
Are you trying to say that it would be okay for Bitcoin to no longer have miners? Then, people will just move from Bitcoin to other crypto?
Such a pessimistic thought.
So the guy is basically saying transactions would stop by the end of the year 2040? Doesn't that seem way too farferched? Your basically not only telling the miners would disappear, you're also declaring that bitcoin circulation will stop since miners are as you said, would be gone?