Just read Satoshi's bitcoin whitepaper and it was very interesting learning in depth how this new fangled internet money works, but I was wondering about a couple things:
If the soundness of any individual token is based on the fact that a dishonest node could not practically computationally overpower all the honest nodes
And nodes are incentivized to stay on the distributed network by the reward of creating new tokens
Then what happens when all bitcoin have been mined and there are no new ones?
Theres a market cap on bc such that at some point no new coins can be created right? At that point what will the nodes consist of? I cant download a torrent if no one is willing to seed it, how can I transact on a distributed network if no one is willing to act as a 'node?'
Sry if this is a stupid question I am not good with computers.
If the soundness of any individual token is based on the fact that a dishonest node could not practically computationally overpower all the honest nodes
And nodes are incentivized to stay on the distributed network by the reward of creating new tokens
Then what happens when all bitcoin have been mined and there are no new ones?
Theres a market cap on bc such that at some point no new coins can be created right? At that point what will the nodes consist of? I cant download a torrent if no one is willing to seed it, how can I transact on a distributed network if no one is willing to act as a 'node?'
Sry if this is a stupid question I am not good with computers.
