Interesting Post, but you did miss one thing, When all bitcoins are mined, the miners will rely on transaction fees to continue mining and verifying transactions. This could still be an issue, as many people are worried that Bitcoin will cost too much to send (For example if bitcoin hit $1,000,000, people are worried the fee to send those bitcoins would be like $250,000.) But there is still plenty of bitcoins to mine, and with the increasing difficulty, and technology becoming faster and more efficient, that is not necessarily in the near future. For me, I just Ride the money train while I can.
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Haha nooo. I did mention this point too. At some point, the transaction fees just won't be enough to keep the miners afloat and they might just get fed up and leave which would leave the Bitcoin open to 51% attacks as hash powers decrease and some random company decides to buy up more power and control BTC.
Not to mention Bitcoin transactions wont get confirmed OR they would be too expensive to have any practical use and that would lead to failure as well :/