BTC counter reaches zero. Now what?

[nicko122]

This discussion comes from this cool article that I read today: https://cryptotradernews.com/cryptocurrency/what-happens-when-the-bitcoin-counter-reaches-zero/

We will all probably be dead when this happens, but are there any thoughts on what the future will look like once every last Bitcoin has been mined?

Does BTC just end? Will transaction fees be enough to incentivize nodes to keep working?


I'm very curious about this. Thoughts?

It seems to me that everything will be fine, bitcoins will be sold to different people and passed from hand to hand. Given that this is a cryptocurrency, it will not corrupt like ordinary paper money.

[amktt]

This discussion comes from this cool article that I read today: https://cryptotradernews.com/cryptocurrency/what-happens-when-the-bitcoin-counter-reaches-zero/

We will all probably be dead when this happens, but are there any thoughts on what the future will look like once every last Bitcoin has been mined?

Does BTC just end? Will transaction fees be enough to incentivize nodes to keep working?


I'm very curious about this. Thoughts?

now what ?? then its complete mature no one can mine bitcoin anymore you can only buy them from someone who hold them and your question "does BTC just end?" doesnt make any sense bitcoin can still operate even with one computer cpu mine it the difficulty will change every 5 block (CMIIW)

[candra raditya]

You better keep your worries about bitcoin, I think bitcoin can still be long-lived, which you can see in decline and bitcoin can recover, and don't let yourself lose the opportunity to benefit from bitcoin because your mind is too negative.

[pushups44]

This discussion comes from this cool article that I read today: https://cryptotradernews.com/cryptocurrency/what-happens-when-the-bitcoin-counter-reaches-zero/

We will all probably be dead when this happens, but are there any thoughts on what the future will look like once every last Bitcoin has been mined?

Does BTC just end? Will transaction fees be enough to incentivize nodes to keep working?


I'm very curious about this. Thoughts?

This is too far into the future to know what will happen. I see miners continuing to secure the network to collect transaction fees and a sky-high price to justify their efforts. There is also a possibility of a fork to modify the incentive structure.

[Sabrin]

When this will happen may be we will become dust 
But i think this can not be happened.
 Bitcoin has a bright future. In futute Bitcoin would convert into solid. and the price of it's would be massive.

[uray]

We will all probably be dead when this happens, but are there any thoughts on what the future will look like once every last Bitcoin has been mined?
Does BTC just end? Will transaction fees be enough to incentivize nodes to keep working?
I'm very curious about this. Thoughts?

There were many threads earlier regarding this topic, first it will take a long time for all the coins to get mined and second important factor is that the price would be so high and we need a better solution to counter the price when it comes to transaction charges, bigger blocks was one solution but the question remains how big the blocks can be and whether we can have a better solution than we have now to balance everything. Even now the miners will be earning a few extra bitcoins apart from 12.5 bitcoin they earn with every block and by that time the price will be that high that they will compensation with the transaction fees alone.

[cryptomarketyourself]

We will have to decide in the future whether we create more BTC or leave the inflation rate at 0%.

[niisarearning]

This will happen 120 years from now. The last bitcoin will be mined in 2140, from 2100 to 2140 it wil be mined approx 1 bitcoin/year (a guess),
until then there is sufficient time to discuss this.  50 years from now the quantum computers will be available.

1 bitcoin per year how your calculating its based on the blocks are mined it should be blocks are mined . there is around  12.5 bitcoin per block . Per day it will be more than 100 blocks are mined .

[Lucius]

We can ask hypothetical questions about what's going to happen with BTC one day when last is mined, but probably none of us who read this will experience that moment. However, this will happen for more than 100 years, and it is much more important what will happen in the near future.

For me personally mining will be almost ended around 2032 when 99% of all bitcoin will be mined, and even before that. Most of us will experience that moment, and whoever is stay with bitcoin until then will probably be witnessed great success. We should not forget that even Satoshi is say :

Right.  Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating.  In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes.  I'm sure that in 20 years there will either be very large transaction volume or no volume.

[Crypto5060]

Even after all Bitcoin yet to be mined gets mined, that doesn't stop transaction confirmation or won't transactions be mined as well and confirmed on the blockchain? To me I think provided transactions are still being made with Bitcoin, there's no such thing as Bitcoin dying. What we will fear is transaction cost being high once again to enable miners cover cost for their equipment and time.

[haidil]

Even after all Bitcoin yet to be mined gets mined, that doesn't stop transaction confirmation or won't transactions be mined as well and confirmed on the blockchain? To me I think provided transactions are still being made with Bitcoin, there's no such thing as Bitcoin dying. What we will fear is transaction cost being high once again to enable miners cover cost for their equipment and time.

are you a miner? of course transaction costs are very high for equipment costs. this isn't over for miners

[Alpha0One1]

This will happen 120 years from now. The last bitcoin will be mined in 2140, from 2100 to 2140 it wil be mined approx 1 bitcoin/year (a guess),
until then there is sufficient time to discuss this.  50 years from now the quantum computers will be available.

Once quantum computers begin appearing and if one quantum computer can brute force the private key by feeding it only the public key, that will be the end of cryptocurrencies as we know it.

There are also quantum resistant ledgers, I wonder how these blockchains will fare vs a quantum computer.

[Mike Mayor]

Simple. Instead of the number of coins gaining mass the value will increase. There will be more bitcoin adopters and no more bitcoin coming in so the coins will be divided into more parts by more people and thus be worth more.

This will happen 120 years from now. The last bitcoin will be mined in 2140, from 2100 to 2140 it wil be mined approx 1 bitcoin/year (a guess),
until then there is sufficient time to discuss this.  50 years from now the quantum computers will be available.

Once quantum computers begin appearing and if one quantum computer can brute force the private key by feeding it only the public key, that will be the end of cryptocurrencies as we know it.

There are also quantum resistant ledgers, I wonder how these blockchains will fare vs a quantum computer.

Don't be silly. You can defend the address with the same computing power as they attack with. How is a few quantum computers going to stop an entire network?

[Crypto5060]

Even after all Bitcoin yet to be mined gets mined, that doesn't stop transaction confirmation or won't transactions be mined as well and confirmed on the blockchain? To me I think provided transactions are still being made with Bitcoin, there's no such thing as Bitcoin dying. What we will fear is transaction cost being high once again to enable miners cover cost for their equipment and time.

are you a miner? of course transaction costs are very high for equipment costs. this isn't over for miners

This shows the end of Btc won't happen with the mining of last Btc. As the price gradually keeps increasing, so will it be when the last coin gets mined the price won't be the same again.