Hello there,
I was thinking about the bitcoon system and it raised one big question for me.
Correct me if I'm wrong but when you are mining bitcoin you are essentially checking transactions. This means that without mining the system would not function anymore.
Beside that we know there is a maximum amount of bitcoin (21 million).
So with these facts in mind what happens when this limit is reached? No one will mine anymore because they won't get any bitcoin in return (the limit is reached), and therefore the system will be broken.
Am I missing something? I would like to hear from y'all.
Greetings
Marijn