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<blockquote data-quote="RedruthRFC" data-source="post: 1039507" data-attributes="member: 58362"><p>On the one hand, a method of moving money around without being reliant on big financial institutions and getting charged for using their archaic systems seems great, power to the people. On the other, something that has encouraged people to burn an Argentina's worth of power has an unacceptable cost and can die in a non-carbon producing grease fire.</p><p></p><p>Does anyone understand this well enough to explain what happens when all the Bitcoins have been mined? The way it's been explained to me (a couple of documentaries), at this point, there will be no incentive for anyone to maintain the blockchain, so the whole thing will collapse. Obviously this isn't the case, but I'd be interested to learn why not.</p></blockquote><p></p>
[QUOTE="RedruthRFC, post: 1039507, member: 58362"] On the one hand, a method of moving money around without being reliant on big financial institutions and getting charged for using their archaic systems seems great, power to the people. On the other, something that has encouraged people to burn an Argentina's worth of power has an unacceptable cost and can die in a non-carbon producing grease fire. Does anyone understand this well enough to explain what happens when all the Bitcoins have been mined? The way it's been explained to me (a couple of documentaries), at this point, there will be no incentive for anyone to maintain the blockchain, so the whole thing will collapse. Obviously this isn't the case, but I'd be interested to learn why not. [/QUOTE]
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