RE: What Happens When All the Bitcoins are Mined?
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Well you know what happened to gold when we mined all the gold we thought that we mined? It increased in value maybe bitcoin is going to be more valuable and less volatile due to less of something making it more valuable only makes since to me but i could be wrong it's only well over a century to 2140 but if i'm still an old manI may figure out the answer then, not now
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The difference with gold is that we still haven't reached all the gold that can be mined, but banks have shifted from using gold as a backing to just simply printing money. Luckily, nobody can "print" more BTC once the limit is reached.
Someone could fork it though.
Right I don't think we ever will reach to where we can mine all the gold I think there's plenty that's humanly impossible to get to, and few amounts that hasn't been discovered yet. I used to think when i was noob at one time that they did create their own money with bitcoin and crypto like it was possible, than I seen what tether was lol
Lol, Tether is pretty much just like how banks are printing money and cause inflation. A lot of it comes from nothing instead of being backed. No matter where you go, people will keep repeating certain processes.
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