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But there's only ever going to be a fixed number of bitcoin - does it all just stop working when it's all mined out?
by Taniwha 4y ago
But there's only ever going to be a fixed number of bitcoin - does it all just stop working when it's all mined out?
- majewsky 4y agoOnce all bitcoins are mined, miners are supposed to fund themselves solely through transaction fees, as they partially already do today.
- feet 4y agoIirc miners get the gas fees
- Lerc 4y agoThe mining reward is not supposed to be the end state of the system. It is a subsidy, reducing over time, to get the system established. Once established, the idea is that transaction fees are used and the distributed nature of the network causes a natural competition to be the most efficient so miners can charge the lowest fees while making a profit.