Quote from: USB-S on November 17, 2015, 02:29:17 AM

Quote from: OrientA on November 17, 2015, 01:33:52 AM

Quote from: USB-S on November 17, 2015, 12:50:11 AM

Quote from: elDano on November 16, 2015, 11:45:19 PM

Quote from: HighPixelr on November 16, 2015, 01:59:28 AM

By 2140, no more Bitcoins will be created so people will probably move on to other crypto currencies.

This sounds consufing.

You mean miners move on to other crypto currencies, since they have too or people (speculators) etc.?

Fees will most likely be miners incomes, since block reward would be so low.
I think that bitcoin would still be as profitable as it is today. it takes just one big bitcoin farm to 51% attack a sha-256 altcoin. So they will most likely move on to new algorithm. Most likely my bet would be that PoW coins will be superior only to some point in the future. Beyond that point PoS or other methods would be far more superior.

At present, PoW is the most fair and efficient way to distribute the coin for long time. In PoS coin, the coins are distributed in one go (ICO) or very short period. So it is unfair to later comers as the only way they can get the coin is to buy. For the PoW coins, you can buy/rent rigs to mine. You can also buy cloud mining service.

What about clams, they were distributed to every doge lite and bitcoin owner. And as for other PoS coins like nxt for example has better distribution than bitcoin already. PoS coins are poorly distributed at the beginning(except for clam, which had a pretty good distribution early), but they should be pretty evenly distributed in 3-4 years time if there is an active community behind the coin. imo there are currently 2 good well distributed coins out there. One is clam and other one is nxt.

PoS is not a secure system, it has been demonstrated in the events that we saw with NXT where they even considered a rollback to try to fix the mess that happened with all those exchange hacks. This alone should make you think. The fact they even considered a rollback should raise big alarms.

PoW is still king and will stay king.