Quote from: deisik on November 27, 2015, 07:26:22 PM

Quote from: SebastianJu on November 27, 2015, 02:03:22 PM

Quote from: deisik on November 25, 2015, 04:48:35 PM

Quote from: zodiac3011 on November 25, 2015, 04:02:23 PM

Quote from: ridery99 on November 25, 2015, 03:17:22 PM

I'm against the halving too. I think all major pools should fork bitcoin to not-halving version which will be supported in the future to maintain miners profits.

I don't see why you want to do that at all? Lower supply means higher demands for bitcoin so the price will increase which pumps the price of it

The falsity of this assumption has been explained many times already (me included). Quoting myself again:

I think he refers to inflation and deflation. Stopping block reward completely would mean there would be less bitcoins in existance than the targetted 21million. Which would be deflation and would raise the value of each bitcoin. Though when you produce more bitcoins than 21 million then it would mean inflation. It's the same when the central bank of a country starts to produce more and more fiat money in order to pay their bills. The total worth of each currency unit would effectively diminished the more they print.

The would-be miner says about switching to a halving-free version of Bitcoin, which is quite the opposite of the total block reward cancellation you mention. The idea of 21 million coin limit may have served to boost the Bitcoin usage initially, but it will ultimately and inevitably turn it into a Ponzi. Gold is limited too, but its inherent qualities for which it is loved and valued gain from its scarcity (and only to a certain extent)...

On the other hand, Bitcoin as a payment system (its inherent quality) suffers from this limit badly

I think you miss that switching to a non block halving version of bitcoin will effectively break the 21 million coin limit. Since the block halving is calculated so that at the end 21 Million coins came into existence. If no block halving would happen then bitcoins would be created indefinitely. That's the definition of stopping the coin limit. Except you will stop anyway though then we would have 25 Bitcoin block rewards for some years from now and then suddenly only fees anymore. No time to adapt. Which most probably would break bitcoin.