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Title: What happens after the last bitcoin is mined? Post by: ohiofarmer on December 31, 2013, 05:59:39 PM Don't miners contribute to the network's security? Will things grind to a halt? Or will transactions just be verified by wallets?
Title: Re: What happens after the last bitcoin is mined? Post by: odolvlobo on December 31, 2013, 06:03:54 PM http://lmgtfy.com/?q=What+happens+after+the+last+bitcoin+is+mined
Title: Re: What happens after the last bitcoin is mined? Post by: ohiofarmer on December 31, 2013, 06:15:44 PM http://lmgtfy.com/?q=What+happens+after+the+last+bitcoin+is+mined Thanks, sir. I did do a couple searches on here before I posted, but didn't find this until now: https://bitcointalk.org/index.php?topic=71176.0 Basically, fees will replace the mining reward/subsidy. Title: Re: What happens after the last bitcoin is mined? Post by: Its About Sharing on December 31, 2013, 06:17:05 PM Not meaning to get off topic, but if we are still using BTC in 2140 we have failed as a species. BTC is a step in the right direction. I don't see how it can be an answer. (In the short term yes, but not long term.
Title: Re: What happens after the last bitcoin is mined? Post by: ohiofarmer on December 31, 2013, 06:20:34 PM Not meaning to get off topic, but if we are still using BTC in 2140 we have failed as a species. BTC is a step in the right direction. I don't see how it can be an answer. (In the short term yes, but not long term. Yeah, I'm more excited about protocols like mastercoin or ripple for the long-haul. Title: Re: What happens after the last bitcoin is mined? Post by: Its About Sharing on December 31, 2013, 06:58:26 PM Not meaning to get off topic, but if we are still using BTC in 2140 we have failed as a species. BTC is a step in the right direction. I don't see how it can be an answer. (In the short term yes, but not long term. Yeah, I'm more excited about protocols like mastercoin or ripple for the long-haul. Those are money instruments and are still essentially working with money. I was talking about a time, on the horizon, when man doesn't quite feel the need to have power over others with money. And when that happens, we won't really need money. Money, is a bit of a relic or primitive thing. Which is ironic, when you think of it... Its about sharing |