Bitcoin Forum
May 12, 2024, 05:21:55 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Bitcoin > Development & Technical Discussion > How will transactions be processed once all Bitcoins have been mined?
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: How will transactions be processed once all Bitcoins have been mined?  (Read 626 times)
slysilverfox (OP)
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
September 21, 2017, 09:28:30 PM
 #1
Hi everyone!
Was just wondering who or what will process transactions once all Bitcoins are mined.  Will nodes do this and we trust that people will do this without an incentive, or will there be one? 

Thanks!
1715534515
Hero Member
*
Offline Offline

Posts: 1715534515

View Profile Personal Message (Offline)

Ignore
1715534515
1715534515
Reply with quote  #2
1715534515
Report to moderator
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715534515
Hero Member
*
Offline Offline

Posts: 1715534515

View Profile Personal Message (Offline)

Ignore
1715534515
1715534515
Reply with quote  #2
1715534515
Report to moderator
cr1776
Legendary
*
Offline Offline

Activity: 4032
Merit: 1301


View Profile
September 21, 2017, 09:53:26 PM
Merited by ABCbits (1)
 #2
Quote from: slysilverfox on September 21, 2017, 09:28:30 PM
Hi everyone!
Was just wondering who or what will process transactions once all Bitcoins are mined.  Will nodes do this and we trust that people will do this without an incentive, or will there be one?  

Thanks!

Miners will mine and get paid by transaction fees. See some other questions that are similar or identical:

https://bitcointalk.org/index.php?topic=71176.0
https://bitcointalk.org/index.php?topic=602252.0
https://bitcointalk.org/index.php?topic=2074040.0
slysilverfox (OP)
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
September 22, 2017, 12:17:17 AM
 #3
Quote from: cr1776 on September 21, 2017, 09:53:26 PM
Quote from: slysilverfox on September 21, 2017, 09:28:30 PM
Hi everyone!
Was just wondering who or what will process transactions once all Bitcoins are mined.  Will nodes do this and we trust that people will do this without an incentive, or will there be one?  

Thanks!

Miners will mine and get paid by transaction fees. See some other questions that are similar or identical:

https://bitcointalk.org/index.php?topic=71176.0
https://bitcointalk.org/index.php?topic=602252.0
https://bitcointalk.org/index.php?topic=2074040.0
Thanks!
monkeydominicorobin
Full Member
***
Offline Offline

Activity: 294
Merit: 104


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile
September 22, 2017, 01:14:10 AM
 #4
Quote from: cr1776 on September 21, 2017, 09:53:26 PM
Quote from: slysilverfox on September 21, 2017, 09:28:30 PM
Hi everyone!
Was just wondering who or what will process transactions once all Bitcoins are mined.  Will nodes do this and we trust that people will do this without an incentive, or will there be one? 

Thanks!

Miners will mine and get paid by transaction fees. See some other questions that are similar or identical:

https://bitcointalk.org/index.php?topic=71176.0
https://bitcointalk.org/index.php?topic=602252.0
https://bitcointalk.org/index.php?topic=2074040.0

The miner's fee will push it into perpetuity. It will not stop just because the last Bitcoin was mined. Even without referencing sources it has been answered a couple of times before in other fora. But there is  currently the DOGECOIN model wherein we can add more to the current supply if the community wishes it.
NEXCHANGE|
   

        ▄▄▄▄▄▄▄▄▄
▄███████████▄            
█████████████              
█████████████              
█████████████              
█████████████              
█████████████              
█████████████
█████████████                   
█████████████              
█████████████              
█████████████          
█████████████          
 ▀███████████▀        
       ▀▀▀▀▀▀▀▀▀▀▀▀▀
CarlOrff
Sr. Member
****
Offline Offline

Activity: 826
Merit: 440



View Profile
September 22, 2017, 02:37:34 PM
 #5
Quote from: slysilverfox on September 21, 2017, 09:28:30 PM
Hi everyone!
Was just wondering who or what will process transactions once all Bitcoins are mined.  Will nodes do this and we trust that people will do this without an incentive, or will there be one? 

Thanks!
All Bitcoins will be mined in more 100 years : we will all die...
But no problem : fees will grow a lot since this date and mining Bitcoin will be allway very attractive :-).
Bitcoin + privacy respect = BitcoinZ (topic BitcoinZ)
The only decentralized crypto that complements Bitcoin on privacy.
You missed Bitcoin in 2009 ? Do not miss BitcoinZ in 2018 !
tobi4255
Full Member
***
Offline Offline

Activity: 349
Merit: 101

Tontogether | Save Smart & Win Big


View Profile
September 22, 2017, 11:37:46 PM
 #6
Eventually, Mining fees will be very high.
Since miners will mine transaction fees.

Wich isnt bad.
It means that Bitcoin miner will not lose their mining jobs.
|     T o n T o g e t h e r     |     Saving Empowers Winning     |
Join Launchpool  >  Jan 10th - Feb 10th
●      T W I T T E R      ●      T E L E G R A M      ●      M E D I U M      ●
dlorah111
Full Member
***
Offline Offline

Activity: 148
Merit: 100



View Profile
September 23, 2017, 06:34:12 AM
 #7
I don 't think miners fee will be that high. But there will be a lot more transactions filling up those blocks, where the miners get paid of.
Pages: [1]
  Print  
Bitcoin Forum > Bitcoin > Development & Technical Discussion > How will transactions be processed once all Bitcoins have been mined?
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!