What happens if all the btc is distributed and there are too few transactions on the network to keep the miners profitable? Would miners run through? How much would the hashrate drop? Diffixulty wouldn't matter because there would be nothing left to earn. 🤔
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@Investor_in_Jogginghose That would mean that no one would trade anymore and the question is why that should happen. Or what do you mean exactly? :)
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@stefan_21 It looks like btc is becoming more and more concentrated in wallets. Just as it is in capitalism. There will also be more and more dead wallets. We're talking about the year 2100 or so (I can't remember the year), when the trading volume drops, miners will have a problem.
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@Investor_in_Jogginghose In the fiat system, the rich get richer and richer and the poor get poorer and poorer.
With Bitcoin, on the other hand, the coins are distributed better and better over time. Those who bought very early were naturally able to accumulate much more Bitcoin than those who are buying now.
Accordingly, as the price rises, the incentive for early adopters to take profits also increases.
I don't really see that the trading volume could fall at some point, but rather that transaction costs will rise to infinity :)
With Bitcoin, on the other hand, the coins are distributed better and better over time. Those who bought very early were naturally able to accumulate much more Bitcoin than those who are buying now.
Accordingly, as the price rises, the incentive for early adopters to take profits also increases.
I don't really see that the trading volume could fall at some point, but rather that transaction costs will rise to infinity :)
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Let us be surprised
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