Quote from: deisik on November 27, 2015, 10:19:50 PM

Quote from: SebastianJu on November 27, 2015, 09:15:57 PM

Ok, then i don't understand your sentences:

Quote

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.

That sounds like you think the cap will turn it into a ponzi and a halving free version would be better.

A halving free version means that the reward is constant, i.e. there is no halving, and thereby no limit on the number of coins mined. I don't say it is perfect, but it seems to be a better option, at least now. In fact, this whole topic is about just that...

And yes, Bitcoin already is a sort of Ponzi

That would mean indefinitely creating bitcoins. It would be the wrong sign to miners since we already have too many miners. We need to drop some. The network is 100 times more secure than needed which translates in one normal bitcoin transaction using energy in the height of 1.57 average us households use on one full day. Bigger transactions even more.

That is not healthy. We need to lose reward for mining so that these values get fixed a bit. It's not something that should be feared.