Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: 19M Bitcoins are mined but did you know about the last Bitcoin mined?
by
OgNasty
on 04/04/2022, 17:07:48 UTC
⭐ Merited by 1miau (1)
People tend to be surprised by this, but it isn't as fantastic as it sounds.  I'm reminded of the saying that if you travel halfway to your destination each day, you will never arrive there.  That's sort of how Bitcoin block rewards are issued.  They keep getting cut in half, which makes it sound a little "fantastic" when you look at only the final date.  The last few reward cycles are pretty small though.  Likely tx fees would make up a lion's share of the block reward at that point and the reward itself would be a secondary thought as it reduces itself to near nothing. (Maybe, I guess we'll see what the price does.  Well, I won't but maybe someone else will live that long.)