0 sats \ 3 replies \ @Coinsreporter 3 Apr \ parent \ on: "Do not try to enforce stasis" - A heretic's advice applied to Bitcoin bitcoin
But I don't think anyone is arguing that we should stop mining new blocks
I didn't say that we should stop mining. I said 'after' means when 'there are no blocks left to mine, may be in 2141.
In that scenario, can Bitcoin ossify?
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11 sats \ 2 replies \ @Scoresby OP 3 Apr
There will always be more blocks to mine as long as someone wants to mine them. If people stop mining blocks bitcoin ceases to exist.
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17 sats \ 1 reply \ @Coinsreporter 3 Apr
Why would people mine when all 21 million Bitcoins are mined?
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11 sats \ 0 replies \ @Scoresby OP 3 Apr
Transaction fees.
Think about this: how do you use bitcoin? How do you pay someone with it or receive it? A transaction has to get included in a new block.
If no new blocks are mined, no bitcoin can move. What is the use of a money that cannot change hands?
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