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/biz/ - Business & Finance

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11980235 No.11980235 [Reply] [Original]

What happens when the 21 million bitcoins are mined? Why would miners keep mining?

>> No.11980250

>>11980235
There will be 1000 different shitforks to mine by then

>> No.11980251

>>11980235
cut something in half. now cut it in half again. keep doing that.
does it ever reach 0?

tx fees btw

>> No.11980262

>>11980235
trasnaction fees you brainlet you fucking idiot you fucking piece of shit use your fucking thick brain you motherfucker you should be castrated you fucking moron

>> No.11980283

Literally no one knows, Satoshi wrote 'its a secret ;)' in the whitepaper and its a total mystery.

>> No.11980296

>>11980251

Yes you brainlet

>> No.11980327 [DELETED] 
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11980327

Honestly you don't deserve to make it if you can't separate the meaning from the noise

>> No.11980369

>>11980235

a) it’ll never all be mined
b) transaction fees
c) if any of us are still alive then we’ll be fucking rich

>> No.11980424
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11980424

>>11980235
All the bitcoins return to the genesis block and one special bitcoin chooses 39 other bitcoins to reseed the next iteration of bitcoin until the next 21million bitcoin are created and ready to be mine.
The code states that the last bitcoin to be mined will be called "the one" and fulfil a prophecy in the code.

>> No.11980445
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11980445

>>11980262

dont be angry fren