What happens the day the last bitcoin is mined?

in last •  9 years ago 

I am a noob
I would like to know
What happens the day
the last bitcoin is mined
will all the miners go away
will transactions be slow
I am a noob
what does mining do
I only know of rewards
when blocks get solved
handed out to the lords
with rigs big and new
I am a noob

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By then miners should be able to make sufficient profit through transaction fees. The hope is that the price by then will be sufficiently high to support this.

Thank you so much. All I wanted to know :P

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Excellent

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