I’ve been thinking about Bitcoin’s long-term viability, especially considering its limited supply. While many see the 21 million cap as a strength, what happens when wallets are lost or forgotten over time? This effectively removes those Bitcoins from circulation, meaning the available supply dwindles. As more Bitcoin becomes inaccessible, it raises the question of whether this shrinking pool can sustain its usefulness or value. Some argue this scarcity increases Bitcoin’s value, but at what point does it become too scarce to be practical for everyday transactions? I’m curious to hear others’ thoughts on how Bitcoin can stay viable with this challenge in mind. #asknostr #bitcoin
Discussion
I think there is no problem because Bitcoin can be divided into sats or even smaller parts if necessary. This will only improve its price due to scarcity.
This is the answer ☝️.
The biggest worry is what happens when all are mined? Will fees be enough to incentivize miners? Not an issue until 2140 though.
Humanity will become extinct long before #bitcoin does.
This is why doggie coin makes 5 billion coins a year forever (currently like 3% of the overall supply)