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2024-12-10 23:40:00

MRbtc on Nostr: I’ve been thinking a lot about the time when all #Bitcoin will be mined. When that ...

I’ve been thinking a lot about the time when all #Bitcoin will be mined. When that happens, no more Bitcoin rewards for each new block added to the blockchain, instead, the reward to the #miners will be transaction fees.

In this scenario, transaction fees on the #Bitcoin blockchain will have to be very high to pay all the energy being spent to protect the network.

So, in theory, the main network will only be used for high networth transactions that compensate the high fees required, which means, #Bitcoin will price out transaction of low value, and thus discriminate people with few sats.

Any thoughts on this?
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npub1kxmwmwtl2gt5th7afsmpl6lgzx0a96ls92yy64pvy93kjpaxr7usq4yq95