Hi,
So I've read many articles on life after last bitcoin is mined. I understand the idea that after all coins are mined, miners will solely rely on transaction fees to support the network. My question is the following.
Assuming that by then, bitcoin is the mainstream and fiat currency is no longer in circulation, meaning all fees are paid via bitcoin, and further assuming that miners won't spend coins amassed via transaction fees, wouldn't one day far in the future miners would end up with all the bitcoins ?
That's the part I don't get.