Post #33766 by AlphaWolf on the US Policy board

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BitCoins are made by miners using computers.

There is a finite number of BitCoins that can be mined.

Miners also use their computers to keep track of who owns BitCoins and how many they own.

When BitCoins reach their finite number, miners will be paid fees to maintain the tracking system.

So when the finite number is reached:

Who pays the fees?

Who controls the amount of the fees?

What if the fees don’t cover the no-longer-miner’s costs?

What if the no-longer-miners shut down their computers?

Full disclosure: I currently own $11.58 worth of BitCoin according to my wallet (received $5 worth in a promotion a few years ago). Probably would cost me a $50 fee to cash out.

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