Will there be any time in future when one sats equals the price of one bitcoin now. When all the bitcoins got mined and when mining stops what happens. At that time how will be the transactions got verified and confirmed.? When will ne the last bitcoin mined?
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0 sats \ 2 replies \ @poe7645 28 Mar 2023
Mining won't stop when the last bitcoin is mined well after my time on this Earth. Therefore mining will continue and the miners paid in transaction fees, which if by your assumption one sat being as much as one Bitcoin now. Should be enough to incentive for mining to continue well beyond when the last sat is mined from the block reward.
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10 sats \ 1 reply \ @akhil OP 28 Mar 2023
So there will be no block reward but transaction fees as reward for miners.
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0 sats \ 0 replies \ @poe7645 28 Mar 2023
From what I've gathered, yup, pretty much.
But I am sure others can add far more information than me. My knowledge is much more limited than most here.
Also I believe the last block reward is around 2140, but don't quote me on that.
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