Topic: Can someone explain me BTC? (Read 140 times)
the best method to understand bitcoin is just watching youtube videos about it.
Serious guy? Don't ask simple questions like this because you can easily get your answers by doing an internet search. If you really want to learn there are many guides out there, or just in Bitcoin section in this forum, there are many useful guides there.
Imho it is not a simple question, but should be the key question for all potential buyers: what will be the miners paid with, when there is left nothing to mine?
With small fees in not an adequate answer, as mining is very ressource-costly job and will be even more so, as chains grow longer and longer. So, what are yhe miners going to be paid with?
Serious guy? Don't ask simple questions like this because you can easily get your answers by doing an internet search. If you really want to learn there are many guides out there, or just in Bitcoin section in this forum, there are many useful guides there.
Let´s leave aside the obvious 
Who does the job, after the last BTC is mined?
Still miners, they will mine bitcoin to confirm transactions. Who does the job, after the last BTC is mined?
What Will Happen When All Bitcoins Are Mined?
Why would the miners switch from fishing goldfish into doing very energy-costly job for pennies, in future?
That job is done by miners across spread across the world. They actually perform two functions simultaneously, first is confirm and validate transactions, second is to mine or discover new blocks, that is create new bitcoin. The transaction fees on bitcoin transfer goes to the miners.
I understand that, but as amount of released BTC decreases gradually, how are going the miners paid, after last BTC is released? Transfers would still need to be confirmed and validated.
Let´s leave aside the obvious
Who does the job, after the last BTC is mined?
Still miners, they will mine bitcoin to confirm transactions. Who does the job, after the last BTC is mined?
What Will Happen When All Bitcoins Are Mined?
That job is done by miners across spread across the world. They actually perform two functions simultaneously, first is confirm and validate transactions, second is to mine or discover new blocks, that is create new bitcoin. The transaction fees on bitcoin transfer goes to the miners.
Who does the job of keeping records and validating BTC transactions? And how are they paid?
Miners do. Read this: https://en.bitcoin.it/wiki/Mining
Let´s leave aside the obvious
Who does the job, after the last BTC is mined?
Who does the job of keeping records and validating BTC transactions? And how are they paid?
Miners do. Read this: https://en.bitcoin.it/wiki/Mining
Who does the job of keeping records and validating BTC transactions? And how are they paid?
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