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I am putting this here because I am watching talks at madeira and I have a random question that may have been answered at some point, but wanted to say it in case i do not get to it.

Lets say everyone does adopt mining to use the wasted energy and this happens globally...when all the bitcoins are claimed, would this avenue of revenue be obsolete? So the small towns that are rebuilding their cities would be left without anything to create any wealth or do they now have that limited supply of bitcoin? I guess what I am asking is what happens when it is all claimed?

Hope Rising 1y ago

Correct me if I’m wrong, but once all the bitcoin is mined, wouldn’t miners still be collecting fees to confirm transactions?

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that adds another layer of questions!?!?! what are fees exactly??

Hope Rising 1y ago

It’s the fee you pay the miners to have your transaction included in the next block. The transaction is settled when it’s added to the blockchain

ok so the blockchain technically can go on forever?

Hope Rising 1y ago

According to investipedia- 😅transactional blocks will continue

Hope Rising 1y ago

There are so many bitcoin experts on here; I’m probably the last one that should be trying to explain it😆

well i appreciate your input. ty very much!

Hope Rising 1y ago

Np 😁 wish I understood more 😂

Yes.