1 vote

Bitcoin Question

Bitcoin mining is securing the transactions so that people can't defraud or hack the system; is that correct? When all the bitcoins are created, will there be no more created, therefore no payments to anyone securing the blocks; is that correct? If that's true, what incentive will anyone have to spend computer time and electricity money to secure the blocks?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

They will make money on

They will make money on transaction fees.



Andrew Napolitano for President 2016!

"Patriotism should come from loving thy neighbor, not from worshiping Graven images." - ironman77