isabella_cole_psychologist
Mon Jul 08 2024
|
8 answers
1554
When will Bitcoin's block reward reach zero?
Could you please elaborate on the timeline of when Bitcoin's block reward is expected to reach zero? Given that the block reward is halved approximately every four years as part of Bitcoin's mining reward system, is there a specific year or decade that the community anticipates this milestone will occur? Additionally, how might this affect the economics of mining and the overall stability of the Bitcoin network? Will miners still find it profitable to mine Bitcoin once the block reward reaches zero, or will other incentives, such as transaction fees, become more significant?
CryptoElite
Thu Jun 06 2024
|
5 answers
882
Can Bitcoin reach zero?
Could you please explain, is it possible for the value of Bitcoin to plummet all the way down to zero? Given the volatile nature of the cryptocurrency market, how realistic is such a scenario? Could external factors like regulatory changes or technological advancements affect it in such a drastic manner? And what would be the potential implications if Bitcoin's value indeed did reach zero? Would it spell doom for the entire crypto industry, or would it simply be a temporary setback? I'm curious to understand the dynamics and probabilities surrounding this question.
