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1 sat \ 1 reply \ @TheITDude 21 Mar 2022 freebie \ on: How Many Bitcoins Are There? (Circulating Supply - Live) - 13 days left until 19 million bitcoin is mined bitcoin
More than questioning the actual supply of Bitcoin, what is important to consider is two trains of thoughts:
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What is a Bitcoin worthwhile, how much can I get out of X number of sats. At the end the inventory of Bitcoin is pretty known to be locked down to 21 million coins, and at this stage we are continue to "convert" BTC and Sats to Fiat money. The important thing here is what can I do as a consumer to actually FOSTER the usage of value for value in BTC, instead of translating to BTC.
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As the next halving (and ceiling of inventory) approaches, all of the compute power allocated to the BTC network will be mostly transferred to just transactions verification, this means, the today's miners, will become the payment transaction network of the future, this means, the fees will increase, to justify the running expenses of the guys processing the transactions, Fees on the network will continue to rise, if the running cost of the compute power for the network does not decrement in the future. What, as alternative group, can we do to probably not make value out of the fees, but lower the costs so much that it can become a "one person hosts one node" to make the network resilient.
GENESIS