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George Levy - What if Bitcoin Miners Stopped Mining?

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Its 2024 and this is very much now a possibility
Comment from : @newbcollector166

3:55
Comment from : @OB-lf1bt

I don't understand this artificial scarcity of Bitcoin? Why aren't other currencies coming out with the same model as Bitcoin along the same lines using the the same white paper and also restricted to 21M or less coins? Why would the worldwide group of miners stop mining once all the 21M bitcoins are minted? wouldn't they just start minting for another Bitcoin clone?
Comment from : @edkideys8953

Fast forward and it is 2022_07_05 and Bitcoin is struggling to stay above 20,000; miners are selling off their bitcoin is this a problem??
Comment from : @pxlmvr7

Ill give you one the energy consumption will lessen
Comment from : @BytoGeekLab

i know what would happen id be able to afford an rx 580 and be able to play hoi4 in 4k and keep both my kidneys
Comment from : @abrums2284

of course, transactions will be stoped but what about the web, Apps, Wallets are they too gonna dead ?? so all the investment will be gone ?? from 1000's to 0 waiting for u r reply
Comment from : @khateeb160

fuck crypto mining its fucking impossible to get a gpu
Comment from : @OscarRoed

Cheap GPUs, Happy Gamers
Comment from : @mohmmad68m

Fuck miners, i can`t change my gpu because huge prices Hope this shit mining will be stoped soon
Comment from : @Basileus1986

Why will miners do mining after maximum limit of bitcoin achieved?brWhat will they get in this case???brbrTranslation are endless but who will validate them after maximum limit of bitcoin achieved??
Comment from : @imAkashSharma

Sounds like a cult leader
Comment from : @beees3499

What happens if miners stop mining? Shops will have gpu stock for gamers!
Comment from : @TommyBeingaDik

another video with half the answer
Comment from : @MarioDub6851

What are the chances of a malicious miner affecting all other pools? How is blockchain secured from attackers joining?
Comment from : @fakfatkids1812

If they stop mining gamer can get 30series Gpus
Comment from : @erikmalmberg7319

Ok, but when last bitcoin is mined, miners wont mine any more will it be the end of bitcoin?
Comment from : @danielgunka642

So what happens when the last bitcoin is mined? Wouldn’t miners disappear due to the lack of incentives?
Comment from : @sdmage

Advice to everyone: never ever invest in cryptocurrency only use them for trading
Comment from : @Lokesh-kb9ei

George,brright nowafter the halving, it is not profitable to mine bitcoin the assumption that miners are going to continue to mine without a reasonable profit is unrealistic and is just one of the achilles heels of bitcoin imho this is why i am skeptical of long term success there are a lot of factors that have been taken for granted by the creatorsenergy availability, internet access, and the aforementioned, compensationlarge holes in the design again, imho catastrophic unforeseen world event, man made or organic,(such as the solar flare of 1859) with minuscule compensation to the miners removes the incentive to mine without minersthere is no "block chain" the entire premise is based on bitcoin valueagain imho while i do see the value as an investor/speculator/traderi do not see the value as a holder or user, it is not set up to be used without the luxury of electronic technology our assumption that electricity, electronics, and the internet will always be widely available and inexpensive is naive
Comment from : @winthorpe6594

Well its happening 30 of miners stopped after the halving because it isnt profitable
Comment from : @HealthHustlers-x

The electric companies will take over
Comment from : @Smith6265

alot of people still do it from home so don't make people feel bad already very negative
Comment from : @FaceitGuy

It's not about just "IF PEOPLE'LL STOP MINING", there's big big companies that will continue to make money off it and they will just never stop it
Comment from : @CryptoAliens