What Happens to Bitcoin After All 21 Million Are Mined?
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What Happens to Bitcoin After All 21 Million Are Mined?
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No more bitcoins will be mined.
We all will die.
tldr; There are only 21 million bitcoins that can be mined in total. Bitcoin will never reach that cap due to the use of rounding operators in its codebase. Block rewards for Bitcoin miners will continue to be halved every four years until the final bitcoin is mined. Bitcoin’s network may evolve from its current unfinished state to becoming a bridge
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
We all will be dead by then
The Singularity.
I will have a 🍺
Funny. The question never came up!
pizza party
long, long before that happens the reward for mining isn’t the btc itself, it is the transaction fees per block.
> Bitcoin miners will continue to be rewarded, but likely only with transaction processing fees.
yes, 100% likely
> But if Bitcoin mining in the absence of block rewards ceases to be reliably profitable, then some negative outcomes can occur
Absolutely mathematically improbable, the words devoted to this section are vastly disproportionate to the rest of the article. There are a dozen topics not even mentioned in the article that are more relevant to endgame bitcoin mining than this.
Autobots run off with all my money
We pack up and go home.
I’ll let you know in a hundred years
The price goes to 1million
Scientists have yet to reach consensus, but the present understanding is that when the final bitcoin is breached, the underlying layer of megabitcoin will finally be exposed. In theory this can also be mined, assuming its physical and digital characteristics conform to euclidian geometry.
Satoshi turns out to be the US Government with a secrete key to access everyone’s bitcoins. They now control Russia and China after they adopted bitcoin as legal tender and Elon masturbates for the first time on Mars with Bezos.