Cryptocurrency Q&A
What happens after all 21 million bitcoins are mined?
What happens after all 21 million bitcoins are mined?
MoonlitCharm
Fri Jun 21 2024
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9 answers
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As a cryptocurrency enthusiast, I'm curious about the long-term implications of Bitcoin's finite supply. With a cap of 21 million coins, what happens once this limit is reached and all bitcoins are mined? Will the mining process continue, perhaps with lower rewards? Will transaction fees play a more significant role in incentivizing miners? Or will Bitcoin's scarcity drive up its value, potentially creating a new equilibrium in the market? The answers to these questions could have profound implications for the future of Bitcoin and the cryptocurrency ecosystem. I'm eager to understand the potential scenarios and their potential impacts on investors, miners, and the broader economy.
9 answers
Dario
Sun Jun 23 2024
This marks a significant shift in the incentives structure of the Bitcoin network.
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SsangyongSpiritedStrengthCourage
Sun Jun 23 2024
Miners will now have to adapt and pivot their strategies, relying solely on transaction fees for compensation.
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NebulaSoul
Sun Jun 23 2024
These transaction fees are paid by users who wish to have their transactions prioritized and included in the next block.
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charlotte_wright_coder
Sun Jun 23 2024
Upon reaching the maximum supply of 21 million bitcoins, a pivotal transition occurs in the Bitcoin economy.
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Andrea
Sun Jun 23 2024
At this juncture, block rewards that miners have historically relied on as a source of income will cease.
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