What happens when all the bitcoin available is owned?
What happens when all the bitcoin available is owned?
From what I just understood, new bitcoins will be completely unavailable to obtain after 2040. If there is a finite amount that is known to be possibly owned and it all can be accounted for, and it can be publicly known who holds “x” amount, does that eliminate the illusion of power forever across the world’s governments?
Does the amount to be “known” to be owned by Satoshi create an illusion that the market can be saturated at any time and the world turned upside down at a moments notice, thus preventing future Cold War-like peacocking-confrontations based off “current” knowledge of the market availability of the currency?
No, it’s later than that. It’s thought to be around the year 2140 not 2040.
The way the system works is miners would just collect frees from transfers.
It’s unlikely to work out well and the system will need tweaking, but it’s up to the “cult” to decide if they’ll change their “bible”.