explain to me why I will have the incentive to mine bitcoin if there are only a finite amount in existence? why would anybody want to mine and confirm no transactions for no reward?

>>60612740 (OP)
Bitcoin is useless. There's nothing a Bitcoin does that a signed PDF with the word NIGGER cannot do.

>>60612745
i mean it has various good properties like p2p, decentralized, etc.

But no one has ever explained to me why you should mine bitcoin at an economic loss? which WILL happen in the coming years. The network doesn't exist unless people are mining and verifying transactions....

>>60612761
This is why a layer 2 solution has been developed, the Bitcoin Lightning network. This allows for small transactions to be bundled up off-chain, to be processed in batches. Similar to how bulk payments are processed in the SWIFT banking system.

https://trustmachines.co/blog/bitcoin-in-2016-lightning-network-whitepaper/

>>60612761
Its complex, but these niggers here are tech illiterate saars with their heads deep in their ass. If the hash drops it ll be more profitable to new miners, problem is that now the hash is so centralized that only some megacorps can mine it with very cheap electricity and free dollars printed out of thin air, br is literally capturing the whole network piece by piece in the background, meanwhile the castrated faggott btc maxis are ignorant af about quantum and 51% attacks and the lack of incentive to mine, i feel like its more and more is a race to the finish libe where all this shit will suddenly clog and fall apart, but dont worry saar the electric hornet electricity storing gaylor will save all of us while the number is going up!

>>60612831
51% attacks cause a price drop but then ensuing stabilisation at a lower point. They normally don't last long. Quantum will not destroy bitcoin because they will fork it into quantum-resistant algorithms (eg Kyber)

>>60612740 (OP)
The supply won’t run out for over a hundred years… it’s not any of our problem we will be dead by then, just shut up and make money

>>60612740 (OP)
You don't. You need an army of ASIC processors to even have a chance of mining for profit.

>if there are only a finite amount in existence
This IS the incentive, or at least part of it, because that's what stops inflation devaluing it to shit.

>confirm no transactions
There will always be transactions. About 2,000 per block currently and this realistically won't go down.

>no reward
The reward comes from the coinbase (new generated coins) AND transaction fees. There will always be the latter.

Even if this disincentivises mining a bit, it's always a really clever self-controlling loop, because if you get less reward, there's fewer miners, difficulty reduces, cost reduces, reward comes back up - it will always balance.