Post
Topic
Board Beginners & Help
Re: what will happen after 21 million bitcoins are mined? (in layman's terms)
by
Munir575
on 24/09/2022, 17:15:29 UTC
I've been asked this questions many times, but it feels to me like I know answer it in the right way. I would like to know what do you think, and how you explain it in the most simple way, a way that people that are not technical can also understand
The overall number of Bitcoin will then be fixed, omitting any that have been lost in real time or whose private keys cannot be recovered, and the miner will only be rewarded with transaction fees. There are millions of souls on earth now, and this 21 million Bitcoin, which is highly divisible into Sats, will be more than enough to go around.