Quote from: knircky on August 25, 2017, 08:43:55 PM

Quote from: Sephil on August 25, 2017, 07:28:40 PM

This morning I was talking about this with a buddy of mine.

Right now we have miners all over the world trying to solve this exponentially hard algorithm to earn their bitcoins. That is their incentive and that is what drives them to do so.

What happens when we remove that incentive to "mine" aka "verify transactions" on the blockchain? What I'm basically asking is what happens when we hit 21,000,000 bitcoins from the perspective of the miners?

1. Ill be dead. And you will be too.

2. There wont be any empty blocks anymore.

Mining of all the bitcoins means there are no new blocks and not that previous blocks are filled. But yes there will be a huge impact on price. The supply will become limited and demand is ever growing. You will find hard time finding someone selling his bitcoins.