Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Network
by
Kprawn
on 02/07/2016, 16:58:57 UTC
How bitcoin maintain its network when bitcoin no longer mineable?

Miners will continue to work and secure the network , instead of getting block rewards they will gain the transaction fees instead.

Who cares really ? None of us will be alive at that point.

This is usually my answer to this question too, because it has been asked many time on this forum before, but I want to throw a spanner into the works... Let's say the volume of the transactions do not

increase? Would people be willing to make a donation to a central pool for miners to continue mining if it comes down to that? I do not think they will ..... Will they pay larger fees than the current

industry standard to get their tx's mined? I guess not..... How will we fund this experiment, if tx volumes decrease and nobody wants to pay extra large fees to feed these hungry miners?