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Author Topic: What happens after the last bitcoin is mined?  (Read 785 times)
ohiofarmer (OP)
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December 31, 2013, 05:59:39 PM
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Don't miners contribute to the network's security? Will things grind to a halt? Or will transactions just be verified by wallets?

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December 31, 2013, 06:03:54 PM
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http://lmgtfy.com/?q=What+happens+after+the+last+bitcoin+is+mined

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ohiofarmer (OP)
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December 31, 2013, 06:15:44 PM
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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.

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December 31, 2013, 06:17:05 PM
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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.

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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.
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December 31, 2013, 06:20:34 PM
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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.

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December 31, 2013, 06:58:26 PM
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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...

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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.
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