Post
Topic
Board Economics
Re: bitcoin for everyone
by
NeuroticFish
on 10/05/2021, 13:44:55 UTC
> what happend to bitcoin when the last block is mined? how the network will be supported and transactions carried on if miners won't recive any reward anymore?

Sooo often is this asked, you cannot imagine. You should use search, really.
After many years, when there will no longer block reward, miners will still receive the transaction fees (which nowadays can go pretty easily to over 0.5BTC/block). Last block came with 1.09BTC in fees.

i was talking more about redistibuting by "voluntarily forcing" of big holders. those holding huge amounts will not benefit from it or even lose value if they hold huge amounts and not spending/selling it.

Maybe you are not aware, but the biggest holders are exchanges' cold wallets. And this means that if you keep money on an exchange you'll pay for that money from your own pocket.
Also, if this was not stated when people have deposited their money into their wallets, then it's basically stealing.

how it can be possible done i can't even imagin in my wildest imagination.

I know a token on ETH network which has a smart contract that makes you pay a tiny amount for the coins you hold in your wallet. So it can be done, but you need a new coin/token for that.

but it will make bitcoin the mean of payment and not of the mean of investment.

Nope, it won't. You imagine the somebody who doesn't have money for food will buy a smartphone, connect to the internet, get 121$ and then pays 5-10$ in fees to spend it? And then use it for every day currency?
The barrier before using it as currency is its transaction speed and costs, which will be fixed by LN at some point.
If you'd redistribute Bitcoin, you'll make it worthless. Also, as discussed, if you'd do this, you'll get money from those actually work for that money - in a way or another - and give it to those who didn't. Even those who were using Bitcoin will run away from it. You'd make more problems than you'd fix.