Bitcoin Forum
April 28, 2024, 12:10:00 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What happens after the last bitcoin is mined?  (Read 785 times)
ohiofarmer (OP)
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile WWW
December 31, 2013, 05:59:39 PM
 #1

Don't miners contribute to the network's security? Will things grind to a halt? Or will transactions just be verified by wallets?

1714306200
Hero Member
*
Offline Offline

Posts: 1714306200

View Profile Personal Message (Offline)

Ignore
1714306200
Reply with quote  #2

1714306200
Report to moderator
The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714306200
Hero Member
*
Offline Offline

Posts: 1714306200

View Profile Personal Message (Offline)

Ignore
1714306200
Reply with quote  #2

1714306200
Report to moderator
odolvlobo
Legendary
*
Offline Offline

Activity: 4298
Merit: 3209



View Profile
December 31, 2013, 06:03:54 PM
 #2

http://lmgtfy.com/?q=What+happens+after+the+last+bitcoin+is+mined

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
ohiofarmer (OP)
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile WWW
December 31, 2013, 06:15:44 PM
 #3


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.

Its About Sharing
Legendary
*
Offline Offline

Activity: 1442
Merit: 1000


Antifragile


View Profile
December 31, 2013, 06:17:05 PM
 #4

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.

BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
ohiofarmer (OP)
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile WWW
December 31, 2013, 06:20:34 PM
 #5

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.

Its About Sharing
Legendary
*
Offline Offline

Activity: 1442
Merit: 1000


Antifragile


View Profile
December 31, 2013, 06:58:26 PM
 #6

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

BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
Pages: [1]
  Print  
 
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!