What Happens After The Last Bitcoin Is Mined?

#bitcoin #crypto #cryptocurrency

There will only ever be 21 Million Bitcoins. So what happens after the last one is mined? In the year 2140, the last Bitcoin is expected to be mined. This is important to know because Bitcoin miners are compensated with this new Bitcoin. So when the last one is mined they will only be compensated through transaction fees. This will be fine however because by the time the widespread usage and price of Bitcoin should be more than enough to keep them profitable.

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[djkramerd]

"33rd halving ".. nothing to see here😂😂

[bartoszskowronski]

problem is if we use today security of the network and only fee to pay minners that mean each transaction should cost over 100$ when network capacity is 100% used.
I think small inflation is better to pay minners. Like Monero pays 0, 6XMR per block forever, (that makes constantly lowering inflation and now is under 1%/year)

[yiyi-pyew]

The way you explain complex financial concepts is impressive. Your ability to simplify and break down these topics makes important financial knowledge more accessible to your audience. Thanks for making this easy to understand! "

[StijnHommes]

in other words, artificial scarcity of something that was imaginary to begin with. not worth our time.

[Theguywithiphone]

Who will ever have a transaction if you have almost $100 fee? Future of money? My ass.

[Suggondeez]

Why does it have to be halved every 4 years?

[yo.d.s.]

you didn't answer the question you asked . you told is what happens to bitcoin as of story told. what really happens when the last coin is mined

[carterblack]

I think mining bitcoin at this present moment is a long term outlook. Long term Cathywoods said Bitcoin will hit a million and beyond. That’s the incentive to keep minding. Then hold these bitcoins. My question is can you mine other coins? If you can if mine solana or etherium. Etherium is estimated to hit $50k in the next few year year and solana is finna hit $800 by 2025 so like can you mine other coings im thinking about doing this with a friend lmk

[ketojadon]

But I don't understand is how is transaction fees going to pay for miners like I understand right now there are some transaction fees on certain platforms to send and receive crypto but I don't see how that will ever go to the miners because that was our private companies not a part of Bitcoin

[robtrott]

Cos of the electric costs going up you would think the cost of a bit coin would get higher as they cost more to mine but no the Coin price is going down every day and it wont be long till its worthless. After all crypto currency has no real value to back it up.

[danielyoshimura]

When people sell Bitcoin. it goes to 0..

[kalocohan]

Demand for BTC will tell what happens. Will utility theory go against BTC? Time will tell.

[LocChicago]

Imagine what will happen to qnt Quant massive uses and only 13 and half million world and thousands of

[MichaelSmithAU]

Ah, transaction fees.
Here we go.
Going to be the end of banks my arse.

[fred]

Still makes no fucken sense as to what Bitcoin is and how you make money from it

[minjus.printus]

it's Bitcoin, not Bitcoins, there is no such thing as Bitcoins. Check for yourself

[teohsoonkeat]

Bitcoin has no physical mine bitcoin like a

[KOMBAT]

Очень интересно, но нихрена непонятно ! 👎

[danspagnolo]

Pretending that bitcoin won't 0 out in 5 years. Lol. 2140....

[jessicastevens]

Satoshi really screwed up tbh and it's why he doesn't want to be found.

Money can't be finite for it to work.

What he should have done is make it harder to mine by 1/2 every six months to a year but keep releasing and minting a set number of bitcoins per successful mine.

That way there is no literal cap and the growth can continue as it reaches more and more users.