Post
Topic
Board Bitcoin Discussion
Topic OP
The year is 2148... [The Poll]
by
pawel7777
on 09/02/2016, 16:29:43 UTC
Scenario:

The year is 2148 (we're all dead, but ignore that), the block subsidy has dropped to zero, miners are forced to survive only on tx fees. But the fees are not quite sufficient to keep the security on the current level and are often mining at a loss. Any attempts of 'fee market' or slightly higher, fixed fees failed badly (reducing number of txs made).

You are in charge of making a decision how to go around that. What do you do?:

1 - Switch to PoS (or something similar, hopefully with 'nothing-at-stake' problem resolved).

2 - Remove 21m cap and implement constant, small block reward.

3 - Do nothing, hoping the things will balance on their own. That could mean (some) mining farms going bankrupt, drastically reducing hashing power (security) + centralisation risk. Or maybe the largest BTC-related businesses will take the mining operation on themselves (mining at loss, but securing their long-term interests).

4 - Other option - specify


Purpose: To get the basic idea, whether bitcoin users are more attached to fixed 21m cap, PoW system, or equally to both.

Changing votes allowed.