Quote from: mildmanneredsuffering on Today at 01:36:58 AM

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Quote from: mildmanneredsuffering on Today at 01:43:44 AM

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Quote from: mildmanneredsuffering on Today at 01:51:25 AM

ETH is better than btc because exchange is handled on ledger via dex

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Can you please stop shitposting in my topic? Huh

Quote from: oudomopo on Today at 03:39:02 AM

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The time would take to mine bitcoin in the 2026-2030 4 year gap is 500,000 BTC. Why? Because every 4 years, Bitcoin mining rewards would be halved. In 2028, there would be another bitcoin mining reward decrease for the 6th time. By 2030, Bitcoin's circulating supply is projected to be 20.5 million bitcoin. Then 2 years later, there would be another mining reward decrease. The year would be 2032. In 2036, my projection of bitcoin's circulating supply would be around 20.75 million bitcoin. That would be at least like 250,000 BTC mined in 4 years.

Exactly, it's like OGNasty said:

Quote from: OgNasty on April 04, 2022, 05:07:48 PM

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.

I think the idea of travelling is a great way to get an understanding how the halvings works in regards of Block reward issuance.

Quote from: slackovic on Today at 08:25:35 AM

I was just thinking about the time when all BTC will be mined. I know we all won't live at that time but I'm wondering... If the fees should cover the cost of mining, won't they be too high? I'm not sure how many transactions fit in one block, but if today a block reward (6.25 BTC) is around $270.000 in fiat, won't fees cost too much once all BTC is mined? I mean, that means fees of all transactions in one block should cost around $270.000.

It's still a long time, even if we would say it could be critical 25 years from now, when Block rewards will start to get very low compared to now. But we had already phases, where fees made up 20-25% of block rewards. Yes, maybe on-chain fees will be a bit higher than today and for very cheap fees, lightning will be used. It's possible.

I expect, it'll be a constant process, where Bitcoin gets more valuable but even on-chain fees won't explode.
Remember SegWit, where Bitcoin's TPS was increased and more TX were fitted into a block without downside. TX costs and network congestion went down because of SegWit.
Maybe we will see some more similar updates to improve Bitcoin and maintain the affordability of on-chain transactions.