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Replying to Avatar SoupBox

I am putting this here because I am watching talks at madeira and I have a random question that may have been answered at some point, but wanted to say it in case i do not get to it.

Lets say everyone does adopt mining to use the wasted energy and this happens globally...when all the bitcoins are claimed, would this avenue of revenue be obsolete? So the small towns that are rebuilding their cities would be left without anything to create any wealth or do they now have that limited supply of bitcoin? I guess what I am asking is what happens when it is all claimed?

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VelvetBlue_art 1y ago

Oligarchy is what will happen.

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SoupBox 1y ago

transfer of wealth to a whole different group?

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VelvetBlue_art 1y ago

Yes.

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