Post
Topic
Board Development & Technical Discussion
Re: Continuous & piecewise linear block reward function with 21M limit unchanged
by
TierNolan
on 13/03/2015, 17:25:07 UTC
As you said, miners can always accept a smaller fee, but (as you said as one alternative) I don't think the incentive to take a smaller fee now to potentially slightly increase the value of their hypothetical holdings sooner is there.  

A soft fork which changes what the rules will be in 5 years time is more likely to be accepted.  Once it is accepted, then it becomes a network rule.

Miners in 5 years who violate the rule risk getting their blocks rejected.  This is especially true if the reference client rejects them.