What would happen when all 21 million Bitcoins are mined? Would that lead to an extreme surge in value or a total collapse of Bitcoin's empire? Let's hear your thoughts below 🙌
First since there is going to be mining until all Sats are gone and there are 2.1 x 10^15 of them in total. There will be mining for a long time. Then there will be money made by mining from fees. Also the transactions per second should be greatly increased in technology by then, so the every 10 minute block would have a lot of transactions, 1 million, 1 billion, or 1 trillion per second. Who knows in 100 years.
Oops! We have updated the title to better match the content of the video! However, we will be creating another video that explains the outcome if all 21 million were purchased! Keep watching for more updates! 👀
Silly #Bitcoin, the value depends on the price per #Satoshi or "SAT" and there are 100,000,000 or 100 million of them per Bitcoin. So there are many sats, exactly 21 million x 100 million or 2.1 x 10^15 satoshis. That is a big number. At $60,000 per Bitcoin each satoshi is worth $0.0006. When each satoshi is worth $0.01 or 1 cent then there would have been 16X growth or sixteen times growth from the $60,000 value today. So that would put a $960,000 or close to $1 million value of 1 Bitcoin. Then they will wait for the $1.00 satoshi value or $100,000,000 Bitcoin.
1 BTC = 100.000.000 $ 1$ = 1 satosi BTC not be digital currency but Digital property.. The countrys was adopt BTC as a payment will be winner in future..
@@dennisdohsuyeon no there was almost 21 mill Australians and to account for birth rate, and no Craig wright had nothing to do with it. The transaction to Satoshi wallet was a 16 year transaction
how did the number of bitcoins get up to 21 million? When they first started becoming popular worldwide, I remember hearing a number much much below that, millions below that. They stated that that was all there were ever going to be , And that is the reason value went up
@xninja2369 you don't know what your talking about brah, it was generated using sha allowing mining 2140 changing the norm to money cycles of 80- 100 years as your money deflates as your government prints it at a expanancial rate
@xninja2369 the 27 bitcoin received this year was a 16 year transaction sent to him self but there was also 50 sent to a paper wallet that no one knows about as proof
the problem of dogecoin and SLP is that the circulating supply has reached the total supply and the price is not going up anymore.. so this will happen to bitcoin
I'm no expert in blockchain technology so this answer might be completely wrong, if I am please correct me. Of course without functioning computers the network would stop, no new transactions could be made, however the history of Bitcoin transactions is on a lot of computers worldwide, the hard drives can still keep this information without power. Once power is back on, miners can compare eachoders files, and the file that was on the most computers will be continued. The more individual computers keep the file the better, because if let's say only one computer has it, the owner of the computer could affect the history logs, like adding a transaction to the logs where Binance sends all of it's BTC to the computer owner's wallet. This could also happen if a small group, like 5 computers have the logs, and the owners work together. That would be bad. If 1000 computers have the logs, in 999 this transaction wouldn't be present, thus it would be called fake, and Bitcoin could continue operating the same way.
There is no limit on how many bitcoins there are. This is because anyone can put out a proposal to change the code and payout, so miners can, at any time, vote on a pay-raise. All man-made things are changeable. quit spreading lies.
They have only to reach a 51% vote for a yes to change the code to increase the payout that miners get. ALL aspects of bitcoin are changeable. It is only software. nothing is set in stone. And this goes for all cryptos claiming to have a "max supply". A "max" is only with the assumption that miners never will choose to vote on giving themselves a pay-raise. But you know how politicians do this all of the time, and so will miners, since they are mercenary for profits.
Bitcoin supply will goes to zero as a result Bitcoin supply goes to 21 billions Bitcoin ipo issues to 1 dollar altcoins ipo issues to 10 dollars. Bitcoin cryptocurrency profit stocks declares iosco sebi sec sesc wins
21 million is just what it is currently set to. The code can ALWAYS be changed to allow for more, if consensus vote on the network is reached to change any aspect about it. There is no such thing as a max supply on any crypto.
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What would happen when all 21 million Bitcoins are mined? Would that lead to an extreme surge in value or a total collapse of Bitcoin's empire? Let's hear your thoughts below 🙌
Minors to be paid by transactions
😎
BTC will exceed 1 mil per coin when halving reaches 0
$500K per BTC
First since there is going to be mining until all Sats are gone and there are 2.1 x 10^15 of them in total. There will be mining for a long time. Then there will be money made by mining from fees. Also the transactions per second should be greatly increased in technology by then, so the every 10 minute block would have a lot of transactions, 1 million, 1 billion, or 1 trillion per second. Who knows in 100 years.
Would be actually nice to answer the question from the video title
Oops! We have updated the title to better match the content of the video! However, we will be creating another video that explains the outcome if all 21 million were purchased! Keep watching for more updates! 👀
Well in time if you don't pay you might get paid a visit.
21million Australians on creation, actually 20 mill 600,000 but rounded up to account for birthrate and close enough for the bush.
I like the part where you told us what would happen when all 21m were bought….
Its insane that he realy emailed Mike O'hearn
What if coingecko launched their own crypto? Would you buy it?
Silly #Bitcoin, the value depends on the price per #Satoshi or "SAT" and there are 100,000,000 or 100 million of them per Bitcoin. So there are many sats, exactly 21 million x 100 million or 2.1 x 10^15 satoshis. That is a big number. At $60,000 per Bitcoin each satoshi is worth $0.0006. When each satoshi is worth $0.01 or 1 cent then there would have been 16X growth or sixteen times growth from the $60,000 value today. So that would put a $960,000 or close to $1 million value of 1 Bitcoin. Then they will wait for the $1.00 satoshi value or $100,000,000 Bitcoin.
It's definitely representing the people in 21century that is why the creators put this limitations amount
1 BTC = 100.000.000 $
1$ = 1 satosi
BTC not be digital currency but Digital property..
The countrys was adopt BTC as a payment will be winner in future..
Maybe satoshi is 21 years old when he create bitcoin hahaha i think so
@@dennisdohsuyeon no there was almost 21 mill Australians and to account for birth rate, and no Craig wright had nothing to do with it. The transaction to Satoshi wallet was a 16 year transaction
If I only had a job and knew about BTC, back when it released or in the early 2010s.💯💯
The 21 million was to represent 21 million Australians on the creation of btc mid 2007-2008. Fact
how did the number of bitcoins get up to 21 million? When they first started becoming popular worldwide, I remember hearing a number much much below that, millions below that. They stated that that was all there were ever going to be , And that is the reason value went up
They were created using phone software😅 starting with sn in the last btc there is a message
@@nigellangsford1735 IT IS ALWAYS BEEN 21 MILLION , don't troll bruh ,if you heard wrong it's your fault .
@xninja2369 you don't know what your talking about brah, it was generated using sha allowing mining 2140 changing the norm to money cycles of 80- 100 years as your money deflates as your government prints it at a expanancial rate
@xninja2369 the 27 bitcoin received this year was a 16 year transaction sent to him self but there was also 50 sent to a paper wallet that no one knows about as proof
@@xninja2369 you obviously don't understand. Maybe you were not born that time
I think satoshi is 21 year old that's why 21 million BTC 😅🤣
Its all to do with Tesla’s vortex math of 3,6,9 that ive been trying to understand but all evidence is directly related to it
Worst case scenario would be a trillion for a loaf of bread
It is just a game of Satoshi. Games rules could be changed always. It is not the sun!
Why can there be more than 21mill
Because they were created with software to a total supply of 21mill
Song by Jnr Choi
This could make the price of btc unstable
the problem of dogecoin and SLP is that the circulating supply has reached the total supply and the price is not going up anymore.. so this will happen to bitcoin
Well the last bitcion will be mined in 2140 and I will be long dead so I don't care 😂😂
@@S....................1yes, this is the kind of parasitical thinking we need
you didnt understand btc
I have a question…what if the whole globe lost power for some weeks…will it affect bitcoin in anyway?
I'm no expert in blockchain technology so this answer might be completely wrong, if I am please correct me. Of course without functioning computers the network would stop, no new transactions could be made, however the history of Bitcoin transactions is on a lot of computers worldwide, the hard drives can still keep this information without power. Once power is back on, miners can compare eachoders files, and the file that was on the most computers will be continued. The more individual computers keep the file the better, because if let's say only one computer has it, the owner of the computer could affect the history logs, like adding a transaction to the logs where Binance sends all of it's BTC to the computer owner's wallet. This could also happen if a small group, like 5 computers have the logs, and the owners work together. That would be bad. If 1000 computers have the logs, in 999 this transaction wouldn't be present, thus it would be called fake, and Bitcoin could continue operating the same way.
bruh thanks a lotttt
@@shizzo68.
To do that, they need something like a nuclear war scale damage to electric and internet Infrastructure
Bro it will effect regular banking system more than bitcoin..
Mfs told everything but the title of video smh 🙄
There is no limit on how many bitcoins there are. This is because anyone can put out a proposal to change the code and payout, so miners can, at any time, vote on a pay-raise.
All man-made things are changeable. quit spreading lies.
They have only to reach a 51% vote for a yes to change the code to increase the payout that miners get. ALL aspects of bitcoin are changeable. It is only software. nothing is set in stone. And this goes for all cryptos claiming to have a "max supply". A "max" is only with the assumption that miners never will choose to vote on giving themselves a pay-raise. But you know how politicians do this all of the time, and so will miners, since they are mercenary for profits.
Where's the answer lol
It's because he likes black jack too much lol
Kurzgesagt of crypto
Bitcoin supply will goes to zero as a result Bitcoin supply goes to 21 billions Bitcoin ipo issues to 1 dollar altcoins ipo issues to 10 dollars. Bitcoin cryptocurrency profit stocks declares iosco sebi sec sesc wins
21 million is just what it is currently set to.
The code can ALWAYS be changed to allow for more, if consensus vote on the network is reached to change any aspect about it.
There is no such thing as a max supply on any crypto.
False...there is no such thing as consensus vote...
@@Azhishu.Nganguchiko yes.
He or she are you mad
He is only He
Bitcoins on the rise again!!!!!!!!!
😂 decentralized ponzi
💩
impossible to damage or ponzi or rug. try again fiat slave.
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