What Happens After The Last Bitcoin Is Mined?

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In this video, I discuss whether the Bitcoin network will still be viable and secure after the last Bitcoin is mined.

The current block reward paid to miners is made up of the block subsidy (currently 6.25 BTC until the next halving) plus transaction fees. After the last BTC or satoshi is mined, Bitcoin miners will only be paid transaction fees.

These transaction fees will naturally rise to a level that incentivizes Bitcoin miners to keep mining. Because Bitcoin block space is so unique and valuable, it is highly likely that a robust fee market develops.

Higher base layer transaction fees will mean that a lot of small purchases will need to migrate to the Lightning Network or other Layer 2 solutions.

Bitcoin transaction fee FUD is no different from Bitcoin halving FUD. A rising Bitcoin price and growing Bitcoin adoption more than compensate for falling block subsidies.

It is important to understand the Bitcoin network as a final settlement layer for a bearer asset. It is much more like gold or Fedwire than Visa or Venmo.

Not investment advice! Consult a financial advisor.

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/

Bitcoin network hash rate chart:
https://www.blockchain.com/charts/hash-rate

Bitcoin miners revenue:
https://data.nasdaq.com/data/BCHAIN/MIREV-bitcoin-miners-revenue

2021 Bitcoin miners revenue:
https://www.theblock.co/linked/128475/bitcoin-mining-2021-revenue

Satoshi on transaction fees:
https://satoshi.nakamotoinstitute.org/posts/bitcointalk/57/#selection-33.146-33.351

It's very expensive and slow to move gold around:
https://qz.com/1060645/germany-has-pulled-all-of-its-gold-out-of-paris/

Transaction fees as percentage of block reward over time:
https://www.buybitcoinworldwide.com/stats/fees-percent-of-reward/

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#bitcoinmining
#halving

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