If that was the case Bitcoin would be dead. There is more competition either via miners or difficulty. But it isn't going anywhere.
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If that was the case Bitcoin would be dead. There is more competition either via miners or difficulty. But it isn't going anywhere.
Bene is no longer dependent on miners. About 2 million more bitcoins will be produced, and then it will stop. Bitcoin will maintain its value as it is used in exchanges.
There might be only 2.5M coins left but it isn't until like 2040 that mining ends.