Shitcoiners consistently ask me if I think that the Bitcoin network will eventually break the 21m. They reference the fact that in 2140 there will be no more block subsidy.

Answer: transaction processing is a free market. If bitcoiners want their transactions to be processed, then they will have to pay for it. If they don’t pay enough then the mining network will contract until it becomes profitable. If Bitcoin becomes the world’s currency then there will be a lot of transactions and fees will be high.

If some miners choose to break the 21m, then they will have forked Bitcoin. They price of what they are mining will dive because they have broken the 21m. They will be mining a shitcoin.

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