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8630678 No.8630678 [Reply] [Original]

Does the block chain ledger only stay "alive" as long as people are mining?
If so, what happens to the ledger when the 21000000th bitcoin is mined?

>> No.8630738

think of them as Spanish Doubloons they haven't been mined in years but they are now worth a pretty penny

>> No.8630760

>>8630678
they'll keep mining for fees retard

>> No.8630999

>>8630760
What's the point, won't there be diminishing returns by then?

>> No.8631044

>>8630999
no, cause by 2140 everyone will use off-chain solutions such as 2nd level, 3rd level, 4th level etc, and on the blockchain there will be only the most important transactions recorded such as interbank international transfers, political agreements, and others. so the fees will be very high and not for the common user

>> No.8631058

read the whitepaper

>> No.8631333

>>8630760
>>8630999
>>8631044
>>8630738

all retarded, its like zenos arrow never hitting the target, bitcoin will never stop being mined, ever

when people say "the last bitcoin will be mined in 2XXX" what they actually mean is that the last bitcoin will BEGIN to be mined. In 3XXX the last half a bitcoin will begin to be mined, in 8XXXX the last quarter of a bitcoin will be mined etc etc

>> No.8631392

>>8631333
Bitcoin is not infinitely divisible and there is a hard cap, so you're wrong from what I understand

>> No.8631469

they switch to PoS, Satoshi mentioned it...

>> No.8631663

>>8631333
Are you fucking kidding me on those predictions about the time to mine the last bitcoin? Did you pull that out of your ass?
What fucking basis is there for that, and how do we even know what tech will be around then, does your fucking prediction take future trends into account, and if so, how the fuck do you know what the computing power of a 2140 or even 3xxx GPU will be?
Your post is very triggering, 7/10 if bait.

>> No.8631709
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8631709

>>8630678
Sagiri is cute!

>> No.8632298

>>8631333
Answer me pls >>8631663

>> No.8632449

>>8632298
My dick is fucking huge, dude.

>> No.8632528
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8632528

I'm wondering the same thing as I'm currently super speculatively mining the ultra obscure M0rkcoin, but it's miners are bleeding away...

>> No.8632761
File: 121 KB, 707x1000, Sagiri2.jpg [View same] [iqdb] [saucenao] [google]
8632761

>>8631709

SUPER CUTE

>> No.8632888
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8632888

>>8631663
>gets triggered
there is a non anonymous website for you, pleb

>> No.8633182

When the last sat is mined, our progenitors will return from the stars. so it is foretold

>> No.8633273

>>8630678

Then miners will subsist off transaction fees. Every 4 years the block reward halves until finally there is nothing left to be mined.

Then miners will live off of transaction fees.

By 2040 99% of all btc will have been mined

By 2140 100% will be hit