Quote from: bitcon on August 26, 2017, 09:43:08 AM

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?

There will be never 21 000 000 bitcoins. It will divide into infinity.
And when dividing will be to small - miners will start earn from fees of transactions.

For me this is the thing that will happen.
The whole bitcoin supply will be divided among owners...
Of course the price will really be going high.
And blockchain will be fueled by transaction fees Cheesy

.
But it is still a very long way to go...