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Topic: What happens after the last bitcoin is mined? (Read 812 times)

legendary
Activity: 1442
Merit: 1000
Antifragile
December 31, 2013, 01:58:26 PM
#6
Not meaning to get off topic, but if we are still using BTC in 2140 we have failed as a species. BTC is a step in the right direction. I don't see how it can be an answer. (In the short term yes, but not long term.

Yeah, I'm more excited about protocols like mastercoin or ripple for the long-haul.

Those are money instruments and are still essentially working with money.
I was talking about a time, on the horizon, when man doesn't quite feel the need to have power over others with money.
And when that happens, we won't really need money. Money, is a bit of a relic or primitive thing.
Which is ironic, when you think of it...

Its about sharing
member
Activity: 112
Merit: 10
December 31, 2013, 01:20:34 PM
#5
Not meaning to get off topic, but if we are still using BTC in 2140 we have failed as a species. BTC is a step in the right direction. I don't see how it can be an answer. (In the short term yes, but not long term.

Yeah, I'm more excited about protocols like mastercoin or ripple for the long-haul.
legendary
Activity: 1442
Merit: 1000
Antifragile
December 31, 2013, 01:17:05 PM
#4
Not meaning to get off topic, but if we are still using BTC in 2140 we have failed as a species. BTC is a step in the right direction. I don't see how it can be an answer. (In the short term yes, but not long term.
member
Activity: 112
Merit: 10
December 31, 2013, 01:15:44 PM
#3

Thanks, sir. I did do a couple searches on here before I posted, but didn't find this until now: https://bitcointalksearch.org/topic/what-happens-when-all-bitcoins-are-mined-71176

Basically, fees will replace the mining reward/subsidy.
member
Activity: 112
Merit: 10
December 31, 2013, 12:59:39 PM
#1
Don't miners contribute to the network's security? Will things grind to a halt? Or will transactions just be verified by wallets?
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