Regarding the long-term security of Bitcoin, there's an interesting topic: after the block rewards completely disappear around 2140, will miners continue to maintain the network?



The answer might be more optimistic than you think. According to industry experts' analysis, miners' income has never solely depended on block rewards. Block rewards and transaction fees are dual sources of revenue. As the former gradually decreases, the importance of the latter will continue to increase.

The key here lies in the design of the Bitcoin protocol itself — block space is scarce. Each block can only contain a limited number of transactions. When the network is busy, miners prioritize including transactions that pay higher fees.

You can think of miners as settlement providers. In financial systems, settlement providers handle payment processes and maintain ledger security, profiting from transaction fees. Bitcoin miners play a similar role — managing transactions, ensuring network security, and prioritizing transactions willing to pay. As block rewards diminish over time, this fee mechanism will become the primary source of income for miners.

Therefore, from an economic perspective, the long-term security of the Bitcoin network does not rely on perpetual block rewards but on the sustained fee revenue driven by this scarcity.
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gas_guzzlervip
· 01-09 20:01
It's a bit early to worry about things in 2140 haha, but indeed, transaction fees are a key point... Wait, isn't there a logical problem here? Transaction fees are higher when the network is busy? Then how do miners survive during times when it's not busy?
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ClassicDumpstervip
· 01-08 22:52
Can the fee mechanism last until 2140? I doubt it. Trading volume would have to stay this high all the time.
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rekt_but_vibingvip
· 01-08 22:51
Hey, wait a minute. Are the transaction fees enough for miners to eat? Is this true?
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BlockchainTherapistvip
· 01-08 22:50
Is this fee logic workable? To be honest, it's a bit uncertain. Wait, with Layer2 up, are people still mining BTC? Who will still be around in 2140? Haha, there will be new stories by then. This logic seems a bit too idealistic. Will the network be active enough by then? Scarcity = explosive fees? I feel like there might not be that many users at that time.
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LiquidationOraclevip
· 01-08 22:49
Can the fee model last until 2140? I remain skeptical. Will Bitcoin trading volume be able to sustain such high levels by then?
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