REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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THE BITCOIN IS STRONG
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Poster Handle
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Anonymous Coward |
Post Content
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...Then have an online wallet and a local wallet then sync them. - Local wallet on physical machine [ link to bitcoin.org (secure)] - Online wallet to provide back up for your wallet. Fill out all the security steps please. [ link to blockchain.info (secure)] Like itunes syncs your library. Or just have the blockchain address from the online wallet. Works either way. Quoting: Anonymous Coward 27814554 What happens when all the bitcoins are mined?? Quoting: Anonymous Coward 74348621 They never will be. Mining gets more and more difficult, ad infinitum, as the number of total bitcoins mined approaches 21 million. Quoting: W0RD'SW0RD That's not true. Last bitcoin will be mined in 2040 roughly. Mining does not end however. There will continue to be miners because there are very small transaction fees required to send bitcoin. While finding a block post block reward days the finder will be rewarded with just mining fees of the associated block. However the price of bitcoin will be that such reward will still be quite profitable. Scarcity remains and network remains strong and secure given the profit of the reward. Incentive structure of bitcoin is quite genius and fair. Quoting: Anonymous Coward 73533979 2140 sorry. quite a ways off, but still it does end.
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