People say the final bitcoin will be mined in 2140, based on halving events occurring roughly every four years. But halving events are not actually tied to time, but rather occur every 210,000 blocks.
Why then do people think that it will continue to take 4 years to get through the same number of blocks? If bitcoin rises in popularity, won't there be more transactions, and therefore more blocks validated all the time? Isn't it conceivable that there could be so many users and miners that the remaining coins get mined significantly faster than the first 18m have?
Can someone please explain why I'm wrong?
Thank you!!
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