The LAST Bitcoin Will Be Mined... Then What?!

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[@amanvirgill]

Talk about VELO please 🎉 and happy new years

[@MakeItMakeSense285]

The stock to flow ratio will be something that’s never been seen before when the last Bitcoin is mined.

[@flipsautomotive]

To think the young twenty-somethings to 30 somethings that will celebrate this will not be born for another 80 years!...

[@judah6152]

This Kingdom will be finished before that ever happens. Lol

[@Nabraska49]

Just comparing it to gold in terms of energy consumption.. it take a sht load of energy to mine the gold and another crapload of energy to refine it and then is requires more energy to transport and store it and it take even more energy to safely transfer it back and forth between countries and continually guard it.. so it would be interesting to compare the energy consumption of the two now and into the future when the oil starts to run dry ..

[@Michealvt-o5o]

thats why gold is valuable, because its scarse....

[@tcar02d]

If oil actually starts to fail. Bit coin is financially suicide.

[@77vavavoom]

well, gold can be used without energy at all, can btc do that? it also carries no transaction charges, and the transaction time is much much faster than BTC... BTC is a dow ETF by now, nothing to do with the pseudo-currency title people keep calling it.

[@pensado3000]

he didn't give a conclusion. did he?

[@Trickzyy]

there is nothing that can be concluded at this point in time

[@adambui7935]

Not every 4 years, every 210 000 blocks got cut into half

[@eyemallears2647]

BARRY NEEDS HIS OWN CHANNEL😂😂😂😂😂😂

[@barryjames3747]

I couldn't become a youtuber. I would just prattle on about crap incessantly.

[@Naddeyb]

His hilarious!

[@CandycaneBeyond]

10:01 this is crazy, we are paying fees for using "money" we are using excess energy to process "money" meanwhile energy companies are urging us the average person to "turn down our thermostat" to help save the grid. We can't afford our bills. This is all ludicrous.

[@the.texas.gringo]

Not your energy. Isolated grid energy. And is there not value in guaranteeing your money is worth something tomorrow? Did you enjoy the government devaluing your money, that you worked to earn, the last few years? Did you vote to keep the Middle East wars running for 20 years, or was it funded through money printing you didn’t have a say in?

[@ronaldl9085]

We now are paying banks for using a banking account at their bank. And the banks give us hardly any interest on our savings. Ain't that ludicrous? Paying for using a payment system?

[@CandycaneBeyond]

19:44 gold has seen a rise because the media has made a "hype" about it. Every advertisement on TV, radio and apps has a promotion about it. I think its odd. When in the pas have they had to "advertise" the importance of gold?

[@kenlewis2253]

Always. It has been advertised and promoted for as long as advertising has existed.

[@gametrailerz6117]

@@kenlewis2253 back in the day, people had to give their gold to us goverment because it was illegal to own it so you are obviously wrong.

[@Michealvt-o5o]

thats funny because now i hear advertisements on my local radio for Bitcoin from Kraken.

[@77vavavoom]

there has never beed so much hype and advertisment for gold, compared to crypto. the only reason it is advertised now, is because it shares the same pool of capital as crypto, and the young gen is clueless about gold, so buillon sellers need to compete. People over 50 dont really need much advertisment for gold.

[@Coolguyallthetime2k]

If everyone is hoarding Bitcoin, how will miners make money with transaction fees in the future? Theoretically, people will hardly be moving it, unless it’s used as tender. That’s pretty unlikely because it’s too precious to spend.

[@UnKnownv5]

institutional backing. it will be asset, not tender.

[@Coolguyallthetime2k]

@Unknownv5 even more reason not to move it.. no? Fees are generated by actual movement (transactions).. not by sitting as a reserve.

[@UnKnownv5]

@@Coolguyallthetime2k sure but i was thinking about it in terms of how you for example make money with gold.

[@AdamJFx]

Miners will be out of work. They’ll have to find other work. But, with the skills they have, that shouldn’t be difficult.

[@mep2737]

Easy Bitcoin will have to become like the credit card system and be used in real life and adopted by businesses

[@DynesLair-kb6qs]

I wonder if there's a way to identify "dead coins" or "lost coins" no one will ever be able to gain access to and reissue them for mining to esentially allow mining to continue on forever at a minimal rate.

[@j.p.denoyer7377]

Bitcoin algorithm doesn't allow that. The better designed crypto currency that eventually replaces Fiat money should have that as part of the algorithm

[@somegoofystuff]

@@j.p.denoyer7377 but it could, right? We'd "just" need a fork.

[@kjgrows1642]

People would be losing stored crypto all over the place would be worse then banks

[@yuriyaleksashyn4252]

The price elasticity of BTC supply will then become equal to 0, which means that no matter how high BTC price will grow, its supply won't be changing at all, which I think is kind of unique for an asset

[@77vavavoom]

well not really. a rebrand painting is a limited production asset, is a currency?

[@AnoNymous-le6fn]

Isn't there a limited supply of gold, too?

[@joshuarhoades2740]

Platinum too!

[@gunfunandstuff9226]

so they think/hope.... but there's still a chance some mining company comes across a Mother Load.... which would crash gold price if it's brought to market (supply/demand)...... but BTC is KNOWN to be limited to 21M coins.... that's the difference between the 2

[@tendosingh5682]

Theoretically yes. Reality no because it could be found outside of Earth.

[@TVU-fl4ry]

Even if transactions 'ethereumize' (become too expensive as Ethereum), as less people will transact, miners will go out of business. But every BTC owner will run its own node.

[@JesúsYOración]

I feel like the hope in tips, will be like the trickle down “effect “, where some smart kid will find a way to remove tips, and rich people will just not use their bitcoins at all.

[@zenmoto369]

I don't think humanity will last until 2140

[@woodyworld9341]

Well you are not great at thinking.

[@Panzer_Runner]

@@woodyworld9341 great minds are usually prosecuted 😂

[@UnKnownv5]

yeah, i bet people were saying the same thing in 1925, no way we're gonna lat till 2025.

[@sorrystarfish38]

​@@UnKnownv5 we didn't really have world destroying tech back in 1925

[@Xane69]

​@woodyworld9341 well, how great your thinking are then? with this much chaos going around the world i doubt it will last that long too. netherless.. the end time only god know.

[@dimkin123]

You picked really important topic. Critical for long term hodlers

[@Pamanudavy]

Generational holders 😂. I mean he needs to make views

[@mikechar17]

19:30 gold pumped to keep up with inflation.

[@chrisburgess2398]

Surely another option would be to change the halving mechanism, and allow Bitcoin to be continually mined, but at a very small rate?

[@Yetipfote]

When Jason Statham's dark twin brother tells me to do something I do it.

[@richardwalker4518]

Maybe I missed something, but is there a possibility that the last Bitcoin will never be mined? Is it, in a way, a similar question to asking when the last ounce of Gold will be mined? There is a finite amount of Gold in the Earth's crust, but some is so hard to get to that it is unlikely it will ever be extracted. Another point, regarding the big pro of being able to electronically transfer BTC, this assumes that in your locality, you actually have a working grid and internet connectivity, which as war cycles ramp up might not be a given in all places at all times.

[@thephilosopher7173]

To your first point: BTC mining is purely digital and based on calculations, so the last coin can be mined by the fastest computer. To your second point, you're absolutely right, and this is something not being brought up enough. Ppl are talking about the future, without putting into context the current events which are escalating month to month.

[@mediamadness1167]

So diversify, gold silver Bitcoin

[@donwilliams6266]

Excellent, intelligent video. You bring a new greater understanding of the Bitcoin network and how its future may evolve. That's something I've found nowhere else. THANK YOU VERY VERY VERY MUCH @

[@amanvirgill]

Talk about VELO please!!! 🙏🏼

[@dutchmountaineer1476]

A problem not much mentioned is the lost of bitcoins out of circulation. If mining new ones becomes (almost) zero, the number of bitcoin can only decrease in time and it will. At some point in the far future the last bitcoin (or satoshi) will be lost for ever. That will be the end of bitcoin ...

[@ferrencebeeb]

Satoshi is an alien.

[@thephilosopher7173]

Satoshi, is the total collective of early contributors. Just like Banksy, its not one person, its many ppl.

[@mediamadness1167]

I vote time traveler from the future where Bitcoin already existed.... 😮

[@LucasAdamson]

@@thephilosopher7173 Banksy is very much a single person. I've met him. Lots of people have.

[@vanishperish9287]

His name is Adam Back

[@JayPatel-gf9sc]

I have to agree in order to be able to create a new asset class with all the built in anti- greed manipulation…

[@nightmisterio]

Why would someone make a E-COIN with fees??? Seems to go against the ideal coin. More fees??? One of the reasons to use such digital currency would be to avoid all fees. I think if we take away all of the lost bitcoin and the cost of mining it basically all bitcoins were mined already. I mean we are at 19,804,225 BTC already. 94.5% it can't reach 100% it's highly unlikely that all 21 million Bitcoins will ever be mined and enter circulation. The actual number of mineable and spendable Bitcoins is likely to be lower due to the significant number of lost coins.

[@phillipwright4518]

Government keep printing money which pushes prices up holding fiat money devalues over time

[@JonGoldstein1954]

I would expect the value of a Satoshi to always be in flux as demand will always be in flux. But is should be less volatile over time.

[@anthonycarbone3826]

Bitcoin is very confounding with all of the dynamics and variables involved. This reminds me of a tactic in chess when the opponent begins being very aggressive that the player begin their own attack on the opponents pieces to further confuse the situation and make it difficult to compute all of the possible variables involved. This situation reminds me of BTC but I have to wonder who the opponent is and who is the player?

[@alphauniformsierraaustrali5302]

Guy was supposed to be an actor, the blockchain had something to say about it.

[@chris_Switzerland]

Top content. Thank you

[@vanishperish9287]

There will be a transition from miners keeping the chain alive into hodlers maintaining the chain to not lose their assets. Either by themselves or by paying for it, as long as the value is in relation to the cost which will also drive further advertising.

[@nelsonmuntz9317]

Yo Guy you look exactly like the actor Jason Statham in those shades and hat.🤩 He should be the next James Bond btw...

[@flipsautomotive]

Bitcoin has to survive a lot in history for the next 114 years to see this through!.. no different than us as a country or even the world in fact starting something back in 1895 to be celebrated today!...

[@sorrystarfish38]

That's if the Internet lasts that long

[@leonpfaller]

Great content. So much food for thought. I really enjoy the rounded views and takes you and the team regularly achieve. Thanks Guy and Nic and the rest.

[@patricegalacteros1529]

Solar energy will become very cheap !

[@ctek9]

Always fun to check in and see how the cult is doing.

[@micl0]

Why isn’t the mining reward just halved forever?

[@godzela80]

We advance in computing power and even through an invested in BTC and few other coins , am a big believer it will go to zero one day as it's power dependent

[@jayjayDrm]

if that's the reason pls check powerconsumption of goldmining and ordinary banking

[@FintechTVcouk]

On a long enough time frame everything goes to zero.

[@eurocon]

That was informative, cheers

[@77vavavoom]

almost everything can be used as a medium of exchange bro, that doesn make it a CURRENCY. a stock is a medium of exchange, that doesn make it a currency.

[@PureGrowHub]

the total global money supply was not 21 trillion. More like 210 trillion?

[@BitcoinAndCryptoCurrency]

crypto info was good

[@Munashe450]

Let’s GO 2025 Bull Run! Let’s change our lives

[@AstroTommy66]

2025 will be a bear market, and nobody will sell at the top… everyone will ride the bear market down and see their (unrealized) “profits” disappear as usual

[@martin5.036]

So when there becomes no incentive to run a miner to support the network the network will crash 😮

[@khaledkaddal]

Wouldn't the miners continue to mine but on the sats unit ?

[@TeamMemberNumberEight]

A sat is a divided unit of a bitcoin. If all bitcoin is mined, all sats are mined too

[@viveks9954]

Why is no one talking about the use of quantum computers for bitcoin mining?

[@nico-yv9wi]

Guy, Maybe turn your analisys towards subsidies from the energy sector as BTC value is intrinsically linked to energy usage.

[@JoelGrenon]

BTC transactions needs to be 100x before the next halving to keep miners alive. This won't happen in the current "bitcoin as gold" narrative as adoption means hoarding bitcoins or more precisely, sucking up bitcoins from the network. Yes, this put an upward pressure on the price because of the scarcity, but it will also reduce the number of transactions directly processed by the network and reduce fees to support miners. Wall Street is helping pushing the price up, but the price to pay is that transactions are not performed in the Bitcoin network but in the classic financial system. Unlike gold which can be kept in a vault for centuries, bitcoin needs miners and a healthy network to keep its value... sucking out transactions and hoarding are behaviour that will kill bitcoin fast... we need more transactions and that's not going to happen.

[@Michealvt-o5o]

thats why it just seems like a pyramid game.

[@JoelGrenon]

@@Michealvt-o5o it is not. It is very similar to investing in a startup with no revenue that is keeping doing R&D in the hope that someday it will become a good investment. After 15 years of BTC, there's still no real use-case other than this digital gold narrative that is killing the concept. A literal killer-app :)

[@joshuarhoades2740]

​@@JoelGrenonI like gold myself!

[@Peace44975]

Wouldn’t price other crypto go up if gets difficult?

[@ronaldl9085]

Thanks for informing us.

[@scarter176]

Government will get control of BTC and there goes value !

[@AndreLarson-u8p]

Amazing video! You’re a natural at making crypto fun and informative.

[@CARL_093]

thanks bro

[@tomasrothroth8605]

thanks MR G

[@Sb2busy]

Barry needs his own channel 🤣

[@lincolncoull5996]

Brilliant, thanks for the well researched content 🙂

[@yakobd5050]

You just switched to new comers with your contect? It has been a while since i actually watched your video and learned anything new. I used to watch all of them.

[@wiptheman]

Bitcoin mining will organically shift towards excess energy sources (there are free) as it trends towards maximized efficiency. Most people don't realize that as energy sources become more and more green (and thus variable) the grid will require more balancing. In case of excess production form solar or wind, Bitcoin mining can then be used to balance the grid.

[@clintpot8521]

Most currencies last 40 years. The USD is on the way out, and BTC will outlive its usefulness after 40 years also. Something else will take its place.

[@StreamingFacts89]

Definitely, there is always a big shift in the financial system every 50 years or so. 1970 was the last when the dollar was depegged from the dollar.

[@orangesunlabs]

Great work, shared, thank you.

[@Ashes3333]

Salyor is shiller . A ex military officer a huge red flag for me .

[@OriginalNeckbeardicus]

Whether he is or not is irrelevant

[@Peter-kt2gb]

Guy, there is no "defending" the blockchain when it comes to Bitcoin. Any large entity could spin up more nodes than exist right now and try to run a different Bitcoin software. But bitcoin is not based on marjority rule. We wouldn't need more nodes than them. They'd just have their own new version of Bitcoin.

[@sebassjoli]

Video on micro strategy

[@dennisdohsuyeon]

It's fees now has new lights Btc fees

[@JPs-Channel]

But gold is always worth something in a way that is easy to understand.

[@itsjordo]

9:11 Isn't a BTC miner but a Script algo ASIC 😅

[@abishipp4186]

Who sets the price for each transactions ??

[@renemontenegro6143]

COLOSSAL LAST CRASH IN JANUARY

[@elenaw7998]

How do you know?

[@renemontenegro6143]

CME GAP AT 77K MUST GET FILLED BEFORE CONTINUING

[@musicarroll]

I worry about rising transaction fees causing larger chunks of Satoshis being regarded as dust. Want to see your whole wallet turn to dust?

[@michaelchez6638]

Utxo fees will be the only lifeblood for miners. Btc is not Bitcoin. Bsv with its sub 1c fees and 1mil tps will win the day.

[@fcphsd]

Teranode. 😎 it will be impossible to suppress 😎

[@letsgobrandon7799]

In 100 years when most of us are gone remember the ledger lives forever. Your grandkids grandkids will be able to see the incredible revolution of the money you've invested now! Imagine your will is just a btc address you leave behind 😮 mind blowing 🤯.

[@Alone_Youtube]

Hi guys don’t stress the last bitcoin won’t be mined because in 2050 it’s end of the world and we are all going to live on planet mars with donkeys 🫏

[@CandycaneBeyond]

When will people realize that we haven't been to the moon or other planets? It's an "in your face" war experiment to create rockets that can travel farther and more accurately. It's all about WAR not exploration.

[@evoi9715]

I think it will be profitable again to mine on your Node. There are 1TH miners around with consumption below 15 watts.

[@barryjames3747]

If bitcoin ever hits 1 million dollars, then a single satoshi would be worth 1 cent and there would be 2 quadrillion satoshis

[@Crypto-sd8xp]

I will long dead by then.

[@fromthepeanutgallery1084]

It will go to Zero! Without fuel. No fire.

[@MartinDezion]

Energy prices will become negligible once the black opts have been hit up for the debt and technology they owe the world.

[@lbafs1530]

Wow, this was interesting. I never understood why there was so much emphasis on institutional and governmental adoption. I often viewed this as a negative development because these entities could buy most of the remaining BTC, which would give them ever greater control and manipulation, the opposite of its original goal. But without that adoption, retail ownership would not be enough to incentivise miners to keep running their equipment. It's like the Achilles heel, constantly worrying about threats from more obvious forces when the real danger is elsewhere.

[@A.Nik-CPA]

For those skeptical about Bitcoin, I suggest investing a very small amount. It’s possible that you might be wrong about its potential and could miss out on significant gains in the future. Think of Bitcoin as a digital bank account, a credit system, or even as digital gold.

[@Vivrelaliberte]

Good video like all u did ❤❤❤❤❤

[@sran9492]

Do you guys think btc would crash in the future (new btc fork) since blackrock holds it and they like centralisation plus they are pro green energy and btc is not green? Everyone is greedy especially corporations and invest in btc because of money and are not really interested in its technology. BR would take advantage of that and push their narrative. Really curious about your thoughts.

[@Coolguyallthetime2k]

Yes, definite crash in this scenario

[@kenlewis2253]

They are green? They don’t fly private jets? Their c-suite is full of Prius owners living in small, low-carbon homes?

[@Geo-vw9oz]

Im flabbergasted that bitcoin has any real monetary value in the firat place.

[@MrKrautmeister]

Frohes neues Jahr und danke

[@dt9338]

Love Barry 😂🥳

[@johnnydip-ny9wx]

$1m BTC, bring it on baby!!🥳🥳🥳🥳🥳🥳🥳

[@keeganmarrs6639]

Another halving!…if there’s inflation values across the board…there could be a programmed scenario in the code layers to prevent monopoly.

[@tr0llpatr0l86]

then never pump and all dump to 0

[@dennisdohsuyeon]

We can't reach that far btc be all mined we don't alive before it

[@mikepi7809]

Guy sounded like the scariest thing is not BTC’s supply finality/fees/miners but the fact that Russia, Iran and China mine it too. How dare they (live on this planet) touch BTC?! )

[@videos4mydad]

The Bitcoin whitepaper outlines the design as transaction fees will take over paying for miner incentives. BTC has chosen the route of low transaction volume which means high fees. BitcoinCash (BCH) has chosen the route of high transaction volume - which means low fees. I believe Bitcoin was always meant to be a payment system (as the title of the whitepaper says).

[@luongtime5364]

Supply doubles 😂

[@willd4686]

Bro Cardano is more decentralized than Bitcoin

[@benjohnson1x1]

XEN crypto 💎 10,000x potential

[@tendosingh5682]

BTC is supposed to be currency not a store of value. I cannot buy BTC in my countries currency. I have to go through USD which is difficult to get. Furthermore the banks contol attempts at purchasing crypto even though we have no laws against it. That is a serious flaw for mass adoption and for the original vision.

[@carloschaves9253]

After 56, 60,or 100 yrs, I would like to see wallets that haven't had any activity with lost Bitcoin in them blacklisted and their coins reissued. This would be done at an appropriate rate, and could extend the mining for hundreds or thousands of years. The 21 million would not be violated. Win,win.

[@MotoFamMayhem]

Aside of the losers of the coins one once had

[@carloschaves9253]

@@MotoFamMayhem It could give them closure.

[@StreamingFacts89]

Hi, have you seen the news in the UK, they have trialled carbon credits. We need to be worried. WEFs dystopian plan continues. Do you guys at coin bureau know anymore or is there any videos in the pipeline?

[@BTCforce]

The miners make money by securing the protocol

[@xantiom]

That was the plan. However... btc turned into a commodity and a store of value. So without it's role as a currency, the miners would get Zero.

[@yormosi-6251]

We could mine BTC powered with a Dyson Sphere

[@kennycarneal6765]

I but BTC in loving memory of my mom, Bernice Taylor Cox.

[@crypnosis9871]

Countries will disagree and fork off resulting in something like btc BRICS vs Btc US led. I think that is inevitable once nation states wrestle for control of the network.