What are your thoughts when all Bitcoins are mined?

[Lucius]

None of us will probably be alive in 120 years, so the question is completely meaningless - it will be as it will be and we will not be able to influence it. What is more important is that 99% of all BTC will be mined in about ten years, and why should we even worry about that 1% that won't mean too much? I would therefore focus on what will happen with the halvings 2024&2028, and then on 99% mined BTC as some kind of achievement.

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[Coyster]

so, what are your thoughts when all Bitcoins are mined?

This question has been asked quite a lot of times in the past already and there can't be any definite answers as to what will happen then, which is quite a long time from now, neither would i even want to worry myself with what will happen then as i'd prolly not be here to experience it, the only definite answer is that miners would not get new Bitcoins as rewards for mining a block, thus Bitcoin's supply will cease, meaning there will only be demand and that could prolly mean a huge appreciation in price. Having said that, my thoughts are with what will happen to Bitcoin whilst i can experience it, i'd really love to see and enjoy Bitcoin mass adoption and see more governments accept the network in their shores.

[serjent05]

so, what are your thoughts when all Bitcoins are mined?

There is a huge possibility that all of us are goners by that time but if Bitcoin is greatly successful in that time, I think miners as stated on the Bitcoin whitepaper will be paid by the transaction fee, so I think by that time, Bitcoin will be widely used that the transaction fee reward is bigger than the initial 50 BTC reward per block.  The government will acknowledge Bitcoin as money and will be used as a country-reserved fund just like gold.

None of us will probably be alive in 120 years, so the question is completely meaningless - it will be as it will be and we will not be able to influence it. What is more important is that 99% of all BTC will be mined in about ten years, and why should we even worry about that 1% that won't mean too much? I would therefore focus on what will happen with the halvings 2024&2028, and then on 99% mined BTC as some kind of achievement.

I do not think that it is completely meaningless since the question triggers our imagination and speculation.  Having good thoughts on the future of Bitcoin will motivate us to pursue it even more.  Reading different positive replies although we know that it is just speculation somehow will put us at ease especially when we are holding and plan to accumulate Bitcoin more.  The question and positive answer somehow create an illusion of security that somehow what we are doing right now will not be in vain.

[Bazzu]

in my opinion, when all bitcoins are mined, of course there are 3 factors, namely. the first, the price of bitcoin will be as it is today.
the second, the price of bitcoin will go down. and the third. the price of bitcoin will be higher, because if the supply of bitcoin runs out, the price of bitcoin will be very high. and what causes the price of bitcoin to be high, namely, the many bitcoin holders, buyers and enthusiasts.

[wxa7115]

In year 2009, 1.1 million bitcoins are mined which is 5.24% of the 21 million bitcoin that can be mine in the system. Today, 13 years after the first set of mined bitcoin there are already 19.19 million bitcoins in existence or 91.38% of the total bitcoin. Which means that 1.8 million bitcoins (8.57%) are left to be mine, if you are wondering when will all bitcoins be mined, professionals says that it will take another 120 (more or less) years to mine the remaining millions because of bitcoin halving. Bitcoin halving happens about every 4 years, the Bitcoin block reward that usually get by the miners are cut in half.

so, what are your thoughts when all Bitcoins are mined?

Way before that happens we will get to experiment the miners processing transactions for a very small block reward and depending almost exclusively on the fees paid by each transaction.

In my opinion this will be the last test to see if bitcoin is indeed viable long term, if the miners can still keep their operations ongoing under those circumstances then bitcoin will keep on existing for a long time, if not then the miners will have to figure out how to become way more efficient if they want to remain in business.

[Lucius]

I do not think that it is completely meaningless since the question triggers our imagination and speculation.  Having good thoughts on the future of Bitcoin will motivate us to pursue it even more.  Reading different positive replies although we know that it is just speculation somehow will put us at ease especially when we are holding and plan to accumulate Bitcoin more.  The question and positive answer somehow create an illusion of security that somehow what we are doing right now will not be in vain.

If it makes you (and some others) happy, I have nothing against such things keeping you busy, while at the same time some other, much more important things pass under your radar. People who live in some kind of imagination and imagine what will happen in 100 years have a hard time dealing with reality, in other words, they run away from it.

Just like you said, it's just an illusion because our time is now, and such a distant future belongs to other people. I think I'm not wrong about what I'm doing now, and what other people will think about it when I'm gone one day, I really don't care.

[lixer]

in my opinion, when all bitcoins are mined, of course there are 3 factors, namely. the first, the price of bitcoin will be as it is today.
the second, the price of bitcoin will go down. and the third. the price of bitcoin will be higher, because if the supply of bitcoin runs out, the price of bitcoin will be very high. and what causes the price of bitcoin to be high, namely, the many bitcoin holders, buyers and enthusiasts.

I always thought that btc will just rise continuously the more supply has been mined out but I now realized that maybe you are right because many miners are for sure going to quit on mining bitcoin once the mining reward gets lower and that has a negative effect in bitcoin.

The network will become weaker. I think this can affect the trust of the btc supporters, making them sell their btc and switch out to other more stronger coins but we shouldn't overthink this for now as that would take a long time to happen. At the present time, it's still safe for us to accumulate more btc and then hodling it because there are more bull runs that can come in our way.

[CryptoHeadlineNews]

If you are wondering when will all bitcoins be mined, professionals says that it will take another 120 (more or less) years to mine the remaining millions because of bitcoin halving. Bitcoin halving happens about every 4 years, the Bitcoin block reward that usually get by the miners are cut in half.

so, what are your thoughts when all Bitcoins are mined?

A whole century (i.e 100+years) is quite a long period of time and anything can happen, because to be frankly speaking, nobody knows what exact can happen to Bitcoin in that long period of time, but one thing that is certain is that there will likely be an increase in price, more adoption, as more countries might have legalized it as a legal tender to be used as a easy and fast means of payment just like the speed of light.

But the truth of the matter is, nobody knows what will happen in the next 100yrs, so of what use will it be worrying over a future you can't change

[Captain Corporate]

This has been talked about before, there are still people paying a good sum of money for transactions, considering how much money is moving everyday, the mining rewards could be basically nothing at this point, and that means people wil lbe able to still keep on mining everyday and there will be still some profits to be made.

This isn't really that much of a science, its just basic thing, if you are getting a service, then you will have to pay for it, miners are bringing a service and that means we as people in bitcoin will have to pay them, it could be a lot, it could be very little, it could be anything, maybe we will find a better way until then, but it will be basically just paying the miners from our pockets instead of mining rewards.

[carlfebz2]

In year 2009, 1.1 million bitcoins are mined which is 5.24% of the 21 million bitcoin that can be mine in the system. Today, 13 years after the first set of mined bitcoin there are already 19.19 million bitcoins in existence or 91.38% of the total bitcoin. Which means that 1.8 million bitcoins (8.57%) are left to be mine, if you are wondering when will all bitcoins be mined, professionals says that it will take another 120 (more or less) years to mine the remaining millions because of bitcoin halving. Bitcoin halving happens about every 4 years, the Bitcoin block reward that usually get by the miners are cut in half.

so, what are your thoughts when all Bitcoins are mined?

I wont be minding or making myself get stressed on thinking on what would happen if all bitcoins are mined consider it would happen on year 2140+ as far i know or i might be wrong which is something that we shouldnt really be thinking over.
To presume out that miners arent able to make money on that time then they would be mostly be expecting on getting revenue or profits on pushing transactions or confirmation on the network.

Come to mind that if Bitcoin do still exist into that time then its safe to presume that its value is already high.Sadly, for us on this year adopters or enthusiast wont really be
alive on that time.No one knows on what would happen in the future.

[The Cryptovator]

How long until 2140, we won't live lol. We don't know even Bitcoin will exist or not. Technology moving faster always. Bitcoin would be history or would be king. People can't buy the whole Bitcoin at that time though they can buy Satoshi. It should be too pricy and miners will have to earn only from transaction fees since there won't be mining any of Bitcoin. People will think how stupid our previous generation those who didn't buy Bitcoin even if it was cheap if Bitcoin exist. A lot of threads have been created regarding this matter but hard to predict when we won't live.

[BitDane]

Thinking of the future of Bitcoins until all of its coins are mined gives me two separate path.  One is, Bitcoin being globally accepted as alternative payment, so basically the transaction per block would increase so much that it is enough to make Bitcoin mining a profitable venture.  While, the other is Bitcoin being replaced by other cryptocurrency and lost its dominance, and is half-dead  because of its slow blockchain upgrade implementation.

No matter how we think about the future of Bitcoin, we should at least take advantage of the current market price situation.

[glendall]

I haven't thought that far because no one's age knows
but if I get to the point where bitcoins have been mined out, the bitcoin price will probably be higher because there will be a lot of demand but i won't assume that far, because as I said before I'm not sure until 2140

[Lanatsa]

I haven't thought that far because no one's age knows
but if I get to the point where bitcoins have been mined out, the bitcoin price will probably be higher because there will be a lot of demand but i won't assume that far, because as I said before I'm not sure until 2140

We are all dead into those people who had been engaging on Bitcoin as of this moment.Next 100 years isnt something that could able to reach out.Just like the rest been saying, how you would really be putting up

some care or being mindful on things which you do know that you wont really be existing on that time? Just let the future generations do know on what would it looks like.

If all Bitcoins are mined then miners will really be making money on confirming transactions same as those people been saying above.
There's no other way that they could make money but only through this.

[taufik123]

-snip-
If all Bitcoins are mined then miners will really be making money on confirming transactions same as those people been saying above.
There's no other way that they could make money but only through this.

There really is no other way to make money for miners when Bitcoin is fully mined.
The miners will turn into transaction verification interpreters.
Every bitcoin user who makes a transaction will be charged a verification fee.
Miners will benefit from verification fees made by bitcoin users.

The initial verification fee gain is small compared to the results of mining bitcoin, but there is no other way to make money for miners. But as time goes on Bitcoin transactions will definitely increase and verification fees will also increase.

It is possible that bitcoin in the future when all bitcoins have been mined, bitcoin transactions will be more sophisticated and more frequent, this will be a big advantage for miners as bitcoin transaction verification interpreters.

[BALIK]

I do not think that it is completely meaningless since the question triggers our imagination and speculation.  Having good thoughts on the future of Bitcoin will motivate us to pursue it even more.  Reading different positive replies although we know that it is just speculation somehow will put us at ease especially when we are holding and plan to accumulate Bitcoin more.  The question and positive answer somehow create an illusion of security that somehow what we are doing right now will not be in vain.

If it makes you (and some others) happy, I have nothing against such things keeping you busy, while at the same time some other, much more important things pass under your radar. People who live in some kind of imagination and imagine what will happen in 100 years have a hard time dealing with reality, in other words, they run away from it.

Just like you said, it's just an illusion because our time is now, and such a distant future belongs to other people. I think I'm not wrong about what I'm doing now, and what other people will think about it when I'm gone one day, I really don't care.

I agree with Lucius, I've never thought about it either because we simply won't live to that point and it's pointless to predict such a distant future. In those 100 years, hundreds of things will change and we won't have any basis for prediction, what I call an illusion instead. Bitcoin is only 14 years old and 10 years ago no one could have predicted bitcoin would become as big as it is today, so never think about anything further. Let's focus on the present and predict the near future, which will be more helpful than us.

[Darker45]

My thoughts when all Bitcoins are mined are probably the same even when all Bitcoins aren't mined yet. I mean, the things that could possibly happen when all Bitcoins are mined will probably already happen when almost all Bitcoins are mined.

Around 4 years before the block reward reaches 0, the block reward is already as low as 1 Satoshi. 4 years prior, the block reward is 2 Sats. Another 4 years, 4 Sats. And so on.

But we're all probably still alive when the block reward is just around an mBTC or 0.001BTC. That's around 45 years from now. My thoughts will be around profitability or sustainability. Will mining still be sustainable when the block reward is just 0.0015BTC and the proceeds from transaction fees remain significantly small?

[Techkoy407]

Once these 21 million pieces of Bitcoin are mined, most of the network will operate the same as it is today. However, there is one important difference which is that Bitcoin miner rewards will be more expensive.

so don't worry if the bitcoins run out in the mine, after all it's still a long time.
it's better to focus on what we are doing now, if you invest in crypto/bitcoin, focus on continuously monitoring the market.

[Reatim]

Once these 21 million pieces of Bitcoin are mined, most of the network will operate the same as it is today. However, there is one important difference which is that Bitcoin miner rewards will be more expensive.

well this will enter altcoins  

but Surely Bitcoin transaction fees will skyrocket and this is what we hate in this network.

but we could expect changes in the long run.

so don't worry if the bitcoins run out in the mine, after all it's still a long time.
it's better to focus on what we are doing now, if you invest in crypto/bitcoin, focus on continuously monitoring the market.

yeah who really cares about that?  when this will take another tenths of years before this finally comes to happen.

[btc78]

Once these 21 million pieces of Bitcoin are mined, most of the network will operate the same as it is today. However, there is one important difference which is that Bitcoin miner rewards will be more expensive.

Well this is what truly miners are waiting , to have their piece of cake that they are cooking for  years and years now .
Hope that this will not bring big chunks of adding in transacting as this will hurt our butts in the future.

so don't worry if the bitcoins run out in the mine, after all it's still a long time.
it's better to focus on what we are doing now, if you invest in crypto/bitcoin, focus on continuously monitoring the market.

it is actually what we all must do  now mate , watch the market and let it flows to our years in this market, we must not worry about the future because this will be depending on how we will keep our investments over the years.