What Happens After The Last Bitcoin Is Mined?

Video quality	The size	Download

Информация о What Happens After The Last Bitcoin Is Mined?

Название	:	What Happens After The Last Bitcoin Is Mined?
Продолжительность	:	30.45
Дата публикации	:
Просмотров	:	28 rb

WARNING: There are a number of scammers who are using my image andbrchannel name to try to connect with my viewers on WhatsApp and otherbrplatforms to scam them Just so you know, I will never refer you tobr"my personal trader" or try to connect with you personally to sell youbrsomething I am trying to ban these scammers as quickly as they pop up You canbralways recognize a scammer by clicking on the image and seeing howbrmany videos he has All of these guys have zero videos, while I havebrhundreds I also now have a checkmark next to my name, so that you can distinguish the real Trader University from the imposters
Comment from : Bitcoin University

realize that btc has utility for everyone, but not at the same price that is how you know btc is going to 1 million each: because at that price it becomes useful to the most powerful players, the people who print the currency for example
Comment from : Kevin Smith

Very informative Thank you!
Comment from : Tom Millman

too many ads
Comment from : J H

Everybody is holding bitcoin Nobody is willing to use it So fees are doomed So are miners
Comment from : Ali

Miners are screwed without fee
Comment from : Ali

Such a great channel Cheers
Comment from : MrWolfgang

What happens to the people who don't buy any Bitcoin after it runs out and its the national currency?
Comment from : the brink

MAY 4 To MAY 24 br2024
Comment from : CTG 007

So how do people like you or I make small transactions when governments and multinationals are filling up the blocks with enormous, expensive transactions?
Comment from : Jay Samples

All coins issued by 2137? Please correct me if i'm wrong but isn't time between each halving is 3 years and 9 months? Not 4 year exactly Therefore, all coins should be issued by 2078?
Comment from : BitcoinMaximus

I'm still trying to understand, once layer 2 becomes widespread, why anyone would ever settle on the blockchain when the fees would be so high Just as people traded within ious & rarely ever redeemed them in for gold, why close the lightning channel? Gold continues existing with no transaction fees Bitcoin, given it no longer issues more sats, will cease to exist without transaction fees Higher transaction fees discourage people from setting on the base layer Ious will take hold as the prominent medium of exchange as a result, but that lowers transactions on layer 1 - thereby increasing fees as miners dwindle away It seems like a cyclical problem that ends with no security of the network & hence the downfall of bitcoin brI understand this is a problem far into the future, but it is a problem is it not?
Comment from : Austin Byrd

As block rewards decrease and transaction fees go up to compensate miners What will happen to people holding small amounts of bitcoin on private wallets Will there btc become essentially stuck when transaction fees exceed the holdings in that wallet? How will bitcoin get around this problem?
Comment from : GoldenEraArchives

As someone who works for a financial institution, this is PRECIOUS! bStrongwidget/b on the internet deserve a prize for serving societybrbrYou are such a great guy to stand out there to protect people and take all of this stupid rages It must be stressful to some extent to deal with this everyday You deserve everythingbrKeep up the good work
Comment from : Mason Gill 55

This was the most heartwarming experience ever bStrong widget/b have definitely earned the title of my favorite recovery agent I loved sharing this adventure with you and I plan on sharing this with my family Thank you very much
Comment from : WELLS GABRIEL

Whats your Twitter?
Comment from : GK ND100

Can't argue with that k
Comment from : Crypto Cooper

Why do you keep saying weird things without answering the question?
Comment from : Crypto Cooper

I respect your view that BTC will be the global reserve currency but you seem to be unaware of the assumptions you’re making in the course of this argument If you are aware of these assumptions, why don’t you address them?
Comment from : Enron Musk

The problem with Bitcoin is who are the big owners of the most coins, they will be too powerful as time goes on and as wealth passes over to new hands assassin's will be in their elementthe powers that be in fiat will hunt the big players in Bitcoin until the end of their days and they own the armiesgood luck hiding yours
Comment from : G W

You can mine xen coin instead
Comment from : Yin Yang

Hey Matt, could you do a video on why it's important for an economy bto know/b the future supply schedule of a currency? Why a predictable inflation rate, like Gold, is less desirable? And what implications this has on economic calculations?brbrIs it primarily to have a standard of unit that doesn't change?
Comment from : TimboTech

Comment from : Thomas DAquanni

Great content Will be watching more of your videos
Comment from : Thomas DAquanni

Monotone voice brbr🥱brbrTry to add a little variety in your deliver brbrYou definitely are smart now just make sure your heard my frirnd
Comment from : Jason Green

By 2030 BTC miners will switch to BSV because it's more profitable to mine BSV due to the volume of transactions per second will subsidies for less Bitcoin getting mine And as BTC AND BSV work on sha256 it's an easy transition to BSV and BTC will go to zero
Comment from : crypto tweek

How about, one sat will be worth a lot more in 21xx ^^ I see bitcoin reaching 100M within my lifetime
Comment from : Nidhogg

I don't understand why would anyone use BTC today Transactions are slow and ridiculously expensive BTC makes no sense
Comment from : YTadmin

No one will mine anymore so BTC will be gone
Comment from : YTadmin

Thank you for this video! These days I started getting worried, what will happen to the Bitcoin network, once the block rewards become too small, so I watched this video again :) Now my worries are gone
Comment from : F F

I liked the 'halving' slide at 5:05, but it would have been nice (if not instructive) to see the BTCUSD price performance continue past the third halving Weird
Comment from : L Clarke

HODL
Comment from : Nice shirt

For mining, I see only one option for the future It will be similar to mining in the Utopia ecosystem
Comment from : Javid Moradi

Matthew is bullish af long term #btc
Comment from : Richard Ross

These type of videos are your forte, we all need this education so we can trust Bitcoin
Comment from : Rodney Dowd

Was waiting till weekend to watch full video Must see bitcoin tv…
Comment from : p00ka64

You are a great teacher Thank you
Comment from : Jaffer Ali

You didn't even make it a full minute before you went off the rails
Comment from : Diff

When you are running a full node, you can't get a transaction fees on the base layer (only for running lightning?)? You have to be a miner to receive transaction fees for the base layer (or only miners can take transactions and place them into that block and get reward)? Thank you Matt
Comment from : Alex Finn

They doing halving to kill all BTC miners at slow painlol
Comment from : MB031

Matt is the best Bitcoin/ cryptoworld prognosticator
Comment from : Positivetimeline2023

What is the minimum percent of the total supply of bitcoin/sats do you need in circulation for the miners to be compensated? If the majority of the supply is salted away in cold storage and not in circulation will this kill the incentive to use the network?
Comment from : Meta Tron

“You cannot earn anything from doing nothing”brbrDan Roethlisberger
Comment from : Rocket-Pipe

The answer is simple It may “go to the moon” temporarily as everyone rushes in to save their monopoly “money” (numbers in a computer) when they crash the system brbrSooner or later it will return to its actual value - 00000000000000000 as all scam money doesbrbrIt’s just numbers in a computer, not backed by anything but beliefbrbrInvest in real things like knowing how to grow food, be self sufficient, helping others, trade your time with others for their time (no taxes need to be paid to the Mafia most people call government)brbrA friend of mine was a bitcoin millionaire about a year ago He borrowed out his bit coins and the company is now broke His bitcoins are now blocked, the company basically stole them from him and tens of thousands of others Could that be the reason why BC crashed so much? I’ll give you one guessbrbrWhen the worldwide financial mafia rolls out CBDCs, do you really think you can trade them for BC or the other way around? Mafia doesn’t like competition
Comment from : Rocket-Pipe

Thank you Matthew The difference between shills and your channel is quite easy to see They use exaggerated rhetoric to boost their profiles and only live in the moment of drama, which turns a serious subject into a shameful Kardashian dog & pony show They don't seem to understand, or have any interest in learning about the effect that Bitcoin will have in the future of digital currency, as a store of value brbrNature has a way of clearing deadwood, so that new life can evolve into sunlight After this bear market, the landscape will look very different There are still many people who don't understand what a blockchain is, so thanks for helping us!
Comment from : Martin McAvoy

Outstanding Content as always thank you
Comment from : Frederick Frost

One last mass dump to be absorbed by Hodlers MtGox 140k Bitcoin selling incoming in September '22brCoupled with another rate hike not priced in Bitcoin could be at 15k
Comment from : calvin

Mattfantastic explanation I've wondered for so long about this and never really understood it until now Thanks and keep it up!
Comment from : ClassicsForever

great explanation!
Comment from : Jim Jim

Just to add something that Matt missed mentioning We should always distinguish the Bitcoin netowrk and the bitcoin currency You can send $10b for say $1mil transaction fee and the person on the other side to also receive dollars So the bitcoin currency is not involved , it's just used for converting usd to btc and btc to usd, which can happen automatically, without people even know In other words, the Bitcoin network can be used to transfer any kind of currency and fees can be earned from it
Comment from : Preslav Iliev

Quantum computers will destroy BTC
Comment from : Ronin Says

Bitcoin is just another greater fool scam
Comment from : Sherman Hofacker

You should rename the channel Bitcoin University😁 When asked about Bitcoin instead of me trying to explain it i refer them to your videos Cheers Matt!
Comment from : Brandon

Does it matter? Nic Carter killed it!
Comment from : NappyWayz

Bitcoin is a scam, it's just 1's and 0's with no intrinsic value whatsoever It's going to f@#$ing zero ZERO
Comment from : tosgem

I make huge profits on my investment since i started trading with a professional broker Mrs Selina Rivera, her trading strategy are top notch coupled with the little commission she charges on her trade Thanks so much ma'am♥
Comment from : Ben Roland

And as always, Thank you Matt!
Comment from : Daniel Seitz

Something that’s always puzzled me, and if I’m being honest also sort of bothers for me reasons I can’t articulate: why 21 million? Why not 100 million or 10 million or 1 billion, ie, some increment of 10?brbrOr why not 32 million or 64 million or 128 million or 256 million, ie some factor of 2?brbr21 million just seems so utterly random and contrived and … “unmathmatical”brbrIs there some algorithmic reason for 21 million that I’m not hip to?
Comment from : C M

Love your video!
Comment from : dukefan

After the last Bitcoin is mined Bitcoin 2 comes out with 21 million more Bitcoin Come on everybody knows that :-)
Comment from : Paul

What becomes of bitcoin in the event of a global EMP, man made or caused by a solar storm
Comment from : j333

Theoretically, if the market determines fees by the time all Bitcoin has been mined… all you would have to do to sabotage the network would be to mine at a loss for long enough that the rest of the miners concerned with profit to say uncle (this would probably be a government that doesn’t like the global financial system at that time [or doesn’t even allow it] - the financial system in this scenario would be bitcoin) All the sudden you have complete centralization securing the network Correct?
Comment from : Travis Travels

Thanks for another great video I'd love to hear an analysis of what BCH failed You mentioned around 21:20 that a block size too large loses out on decentralization Why is this the case?
Comment from : Zynk17

A very insightful video, thanks
Comment from : Cliff Silva

Hey Matt, Bitcoin haters always bring up the 2 inflations bugs that BTC had, can you make a video on your thoughts and concerns about it?
Comment from : Iron Freedom

There's so much that is going to happen in 100 years technology-wise that it makes no sense to worry about the block subsidy right now Bitcoin will be used in ways even a decade from now that we can't even guess at this point
Comment from : K Lion

24:16 I never even considered that roger ver and the like could be spamming the network in 2017 to drive up the fees to make the case for larger block sizes wow i feel stupid now
Comment from : friedcash

Elon just killed bitcoin RIP
Comment from : RIP JOE ROGAN

It doesn't matter I'll be dead
Comment from : V Dan

How do you think the lightning network could effect the incentives for keeping miners online after the last block is mined due the the lower fees?brbrI saw someone speak about this not to long ago and would love to hear your opinion!
Comment from : Eb

I'd add, the fees would likely be substantially lower for digital gold, than that 9 mil for the physical gold transfer
Comment from : GhQsT

When I hear eth heads praising the ultra sound money narrative, allz I can do now is 🤣😂🤣
Comment from : GhQsT

Best youtube channel!
Comment from : David New

Hey Matt, can you show us how to use your own node for day to day transactions instead using exchanges’ nodes
Comment from : El_exile

Outstanding Whatever nootropic you're on, please let me know!
Comment from : David Kamnitzer

They will switch all the mining efforts to transactions and more efficiency and speed
Comment from : Phukface-sawwalk

Adam Smith’s invisible hand sure is powerful :-)
Comment from : Jonathan Sturm

I have a minority view on the 21 million btc limit: brbrAt some point -- relatively soon, say within 15 years -- this limit will be lifted Network fees won't be enough incentive to adequately secure the network & the base block reward will be too small I foresee a fixed small percentage (of around 05 per annum) inflation rate in btc as a viable stable long term solution This will occur via a by-consensus hardforkbrbrThe 21 million coin count is not sacred and deserves to change at some point in the future
Comment from : sunchips5

Excellent summary!!!!!
Comment from : Joseph Mona

Another gem Thanks Matt
Comment from : Omri Barouch

Excellent!
Comment from : Creepto Kid

What worries me is the opposite What happens when 1, 5 or 10 billion users want to access the bitcoin base layer, even if it is just to open a lightning channel?brHow does bitcoin handle such load?brLet's say 1billion people want to open or close a lightning channel At 4 transactions per second they will have to wait more 2893 days to process all those transactions, that is almost 8 years This means that in le long run only very rich people and big intermediaries will have access to layer 1 I am not sure what are the consequences of that, but it doesn't look goodbrOn the other hand, adoption is going to take time so maybe this is mitigated But still you might need to open more than one channel a decade to participate in the lightning network
Comment from : Jose Luis Vazquez

Seems to me that cutting down by a quarter every 2 years would be better than a half every 4 years
Comment from : Wesley Ashley

In my opinion 99 of humans do not understand bitcoin at all We are very early to such a useful and stable network / technology Congrats to everyone who is early and who understands bitcoin today We will prosper in ways most can’t imagine across time
Comment from : Channel Bitcoin