Great question Robert. I just posted a video on put the link in here to speak about it. You can check it out for further answers on the subject. Long story short here, remember that the bitcoin they get from each reward goes up in value. Plus there are transaction fees that go up in value. Plus there are people now that mine at a loss of break even in order to uphold the network because it is that important to them. Those 3 reasons are the reason this doesn't become an issue.
I don't understand number 8. How is cutting the rewards for mining a good thing? Doesn't that mean miners will be less incentivized to mine the coin?
Great question Robert. I just posted a video on put the link in here to speak about it. You can check it out for further answers on the subject. Long story short here, remember that the bitcoin they get from each reward goes up in value. Plus there are transaction fees that go up in value. Plus there are people now that mine at a loss of break even in order to uphold the network because it is that important to them. Those 3 reasons are the reason this doesn't become an issue.