Post
Topic
Board Bitcoin Discussion
Re: Why kids born in 2140 don`t get a chance to mine rewards?
by
Youghoor
on 24/01/2021, 03:03:17 UTC
Bitcoin is 89% premine to any kid born today.
In 2140 it is 100% premine to any kid born that year.

Why the future generations don`t get any rewards?

What kind of design is this satoshi? to enslave the future of humanity?


Transaction fees will always become  the next  source of reward for miners when the last Bitcoin is mined. Considering the number of Bitcoin transactions made within a single day, the fees for the transactions will be enough to be used as a reward system for miners. But come to think of it, where exactly do the transaction fees of Bitcoin go? If Bitcoin miners now are rewarded with new Bitcoins, then where do the transaction fees charged for every transaction goes ?