What Happens When All 21 Million Bitcoins Are Mined?

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After all 21 million Bitcoins are mined, who will confirm transactions?

submitted by treboy123 to BitcoinBeginners [link] [comments]

[ Bitcoin ] The maximum number of bitcoin that will ever be mined, or be existence, is capped at 21 million , of which 17 million are now in existence. 18. The creator(s) of Bitcoin owns around 21 1 million of the total that will ever be in existence.

[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by trade_with_darren [link]
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How is bitcoin supposed to become a widespread currency/mean of payment if most of the 21 million coins to ever exist are already mined and in the hands of very few people?

submitted by gotham64 to BitcoinBeginners [link] [comments]

09-05 06:54 - 'The maximum number of bitcoin that will ever be mined, or be existence, is capped at 21 million , of which 17 million are now in existence. 18. The creator(s) of Bitcoin owns around 21 1 million of th...' (self.Bitcoin) by /u/trade_with_darren removed from /r/Bitcoin within 271-281min

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The maximum number of bitcoin that will ever be mined, or be existence, is capped at 21 million , of which 17 million are now in existence. 18. The creator(s) of Bitcoin owns around 21 1 million of the total that will ever be in existence.
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Author: trade_with_darren
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The maximum number of bitcoin that will ever be mined, or be existence, is capped at 21 million , of which 17 million are now in existence. 18. The creator(s) of Bitcoin owns around 21 1 million of the total that will ever be in existence. (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

In 2010 a signed integer overflow allowed over 180 billion Bitcoin to get mined when max BTC cap is 21 million

submitted by kellysmith to cybersecurity [link] [comments]

What will happen to the value of bitcoin when all 21 million bitcoins are mined? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin's supply is limited. What will happen to Bitcoin after all 21 million are mined?

Bitcoin's supply is limited. What will happen to Bitcoin after all 21 million are mined? submitted by FirmShift6 to Bitcoin [link] [comments]

Why Are There Only 21 Million Bitcoin and What Happens After They Are All Mined? (current BTC/USD price is $11,499.00)

Latest Bitcoin News:
Why Are There Only 21 Million Bitcoin and What Happens After They Are All Mined?
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The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
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What Happens to Bitcoin After All 21 Million Are Mined?

What Happens to Bitcoin After All 21 Million Are Mined? submitted by TeslaWatt to BitcoinMining [link] [comments]

05-25 21:44 - 'Mining farms will become the first decentralized banks by 2022. 10,000% gains in Bitcoin is imminent. Expect Bitcoin to reach 100 million by 2023. Bitcoins will be tokenized on Stellar when a Satoshi reaches $1. Sta...' (i.redd.it) by /u/tinycoin removed from /r/Bitcoin within 6-16min

Mining farms will become the first decentralized banks by 2022. 10,000% gains in Bitcoin is imminent. Expect Bitcoin to reach 100 million by 2023. Bitcoins will be tokenized on Stellar when a Satoshi reaches $1. Stake Bitcoin on a Ledger Miner X to tokenize every Satoshi for more cents.
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Author: tinycoin
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After all 21 million Bitcoins are mined, who will confirm transactions? (/r/BitcoinBeginners)

submitted by ContentForager to mistyfront [link] [comments]

07-22 09:24 - 'I think Satoshi made the total supply of Bitcoin, 21 million, by the year 2140 because he needed to mine a million coins to secure the early network and never intends to spend those million coins; THEREFORE, his/he...' (decrypt.co) by /u/KalEll66 removed from /r/Bitcoin within 4-14min

I think Satoshi made the total supply of Bitcoin, 21 million, by the year 2140 because he needed to mine a million coins to secure the early network and never intends to spend those million coins; THEREFORE, his/her intention was to cap the supply at 20 million (nice round number). See analysis
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Author: KalEll66
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06-23 20:24 - 'What will happen to Bitcoin after all 21 million are mined?' (decrypt.co) by /u/Decrypt_media removed from /r/Bitcoin within 262-272min

What will happen to Bitcoin after all 21 million are mined?
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Author: Decrypt_media
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When all 21 million Bitcoin are mined, will transaction fees inevitably go up?

P.S. for all those who want to say that this will only happen in 2140, so I shouldn't worry about it, I respectfully say that it's something I'm interested in! I'd be very grateful for your responses!
submitted by ABCBAA to Bitcoin [link] [comments]

What Happens to Bitcoin After All 21 Million Are Mined?

What Happens to Bitcoin After All 21 Million Are Mined? submitted by TeslaWatt to CryptoCurrencies [link] [comments]

What Happens When All 21 Million Bitcoins Are Mined? | Paxful Blog

What Happens When All 21 Million Bitcoins Are Mined? | Paxful Blog submitted by Martha_Paxful to paxful [link] [comments]

Bitcoin (BTC) Scarcity Sets In: 85% of the 21 Million Total Supply is Mined

Bitcoin (BTC) Scarcity Sets In: 85% of the 21 Million Total Supply is Mined submitted by blessedjj to Bitcoin [link] [comments]

What would happen when all 21 million bitcoins have been mined?

I am trying to understand this field and I thought to myself if there a finite amount of bitcoins, how valuable would then the currency be ?
And how would the value then change ? Surely the key towards any cryptocurrency surviving long term is that a very large number of people are using it in the future. If not, then the whole system collapses on itself because there wouldn’t be enough users in the system to keep it afloat. This logically means only a few cryptocurrencies will dominate in the future, maybe even only one. Even if it is bitcoin, if it has to survive long term , wouldn’t it mean that a substantial number of services/businesses would have to trust/use this currency to keep it circulating and thus keep its value? And they would also simultaneously need a large number of people with bitcoin to spend, like a symbiotic relationship. Is that where the inherent risk comes from ?
Sorry if the questions sound like rambling’s, it’s because they literally are. I’m just writing down whatever I am thinking. I only read up on this topic today so I had a lot of questions. I don’t understand a lot still, but any help would be appreciated . :)
submitted by Lt2805 to BitcoinBeginners [link] [comments]

3 Possible Scenarios When The 21 Million Bitcoins Are Mined

3 Possible Scenarios When The 21 Million Bitcoins Are Mined submitted by sylsau to CryptoCurrency [link] [comments]

3 Possible Scenarios When The 21 Million Bitcoins Are Mined

3 Possible Scenarios When The 21 Million Bitcoins Are Mined submitted by sylsau to Bitcoin [link] [comments]

What Happens to Bitcoin After All 21 Million Are Mined ? What ls the difference with Nano

What Happens to Bitcoin After All 21 Million Are Mined?
Nano works with pos and there is no mining needed . So what is the difference between Nano and Btc , Can btc survive without having Mining ⛏ ? What are the advantages of pos against pow ?
submitted by galleriesdatca to nanocurrency [link] [comments]

ONLY 21 MILLION BITCOINS MADE WHY WILL THERE BE ONLY 21 MILLION BITCOINS? Bitcoin QvesvesA: 21 million bitcoins Andreas M. Antonopoulos  University of Nicosia Could There Ever be MORE Than 21 Million Bitcoin!? Bitcoin Q&A: 21 million bitcoins - Andreas M. Antonopoulos ...

When will bitcoin reach 21 million? Guessing when bitcoin reaches its maximum limit can be tricky. But some crypto geeks say that if Bitcoin’s mining power remains the same as when the first block was mined, the last BTC can be mined by October 8, 2140. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. This 21 million maximum supply on the number of bitcoins is a commonly cited reason as to why Bitcoin is so valuable. This is due to the fact that when you calculate that there will only be a maximum of number of 21 million bitcoins ever mined, and that there are billions of people on the planet – the cost of each of those bitcoins would have ... The Supply of Bitcoin Is Limited to 21 Million In fact, there are only 21 million bitcoins that can be mined in total. Once miners have unlocked this amount of bitcoins, the supply will be exhausted. Some believe that Bitcoin‘s 21 million limit was arbitrarily set by Nakamoto when he made two key decisions. That Bitcoin should add new blocks to its blockchain every 10 minutes (on average) and that the reward paid to miners halves every 210,000 blocks – roughly every 4 years. The initial reward for miners was 50 Bitcoin for each block mined.

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ONLY 21 MILLION BITCOINS MADE

What determines the supply of bitcoin? A probabilistic, geometrically declining supply function meant to simulate the issuance of precious metals. Every ten ... What happens to Bitcoin miners once all 21 million bitcoins have been mined? - Duration: 5:54. ... Noob's Guide To Bitcoin Mining - Super Easy & Simple - Duration: 11:37. UFD Tech 2,432,622 views. It's a well-known fact that bitcoin mining consumes energy. Many people don't realize the global cost to run the Bitcoin network, with electricity costs at m... Bob Becker asks "Is it possible for Bitcoin to ever have its coding change to allow more than 21 million total coins?" Here's my response! FREE CRASH COURSE - Learn to securely buy, store and sell ... What happens to Bitcoin miners once all 21 million bitcoins have been mined? ... 5:54. What happens when the Bitcoin Mining Reward Runs out? - Duration: 4:22. Off Chain with Jimmy Song ...

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