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Fiz - What happens when the last Bitcoin *or any crypto* is mined ? NOT RHETORICAL.

By: monkeytrots in GRITZ | Recommend this post (0)
Fri, 18 Apr 25 9:57 PM | 12 view(s)
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When that happens, mining stops.

Maybe you could get crowd sourcing for paying the IMMENSE costs of maintaining 'working mines'.

Bitcoin mining is already a NEGATIVE ROI - and the Chinese completely control 'the mining'.

WITHOUT MINING - the 'blockchain' (ie. the distributed ledger) ceases to function - and the 'crypto' is defacto worthless, unusable, untradeable, unconvertable, unredeemable - not to anything - not to another crypto, not into any country's currency.

If the Chinese were to stop 'mining' bitcoin today - tomorrow it would be almost totally worthless.

Thanks, but absolutely NO THANKS.

BTW: It takes MORE than 'one mine' to maintain the integrity of the 'blockchain' ledger - and the more mines, the higher the integrity. All crypto blochains (ie ledgers) are totally dependent on their integrity.




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