In this channel I share book summaries, summaries of favorite thinkers and occasional personal insights. Topics: personal growth, health, blockchain, philosophy
This means that by that time, a huge # of BTCs need to be transacted daily, otherwise its not rewarding for miners to mine anymore or that the transaction costs need to be raised in the future.
Book summary 'Our money is broken and Bitcoin is the solution' PART 1 (1/2): Our money system is broken this is most evident in countries with hyperinflation and totalitarian states.
In total almost all of 21 million BTCs (a bit less) will be brought into circulation (mined) by 2040. This is the amount under the current protocol. The block subsidy for miners is halved every 4 years. Miners are only rewarded in trans costs by then.