Post
Topic
Board Mining support
Re: What happens after miner fees become insignificant?
by
BurtW
on 07/05/2017, 09:32:53 UTC
Also, what happens when miners' reward gets to 0 and they'll be just given comissions?
when the rewards go down the commission will go up.  All is well.

Who will use Bitcoin with an average comission of $100? That would kill the whole system.
There are two paths you can go by, but in the long run, there is still time to change the road you are on:

1)  Small number of transactions, high fees

2)  Larger number of transactions (will require a change to the system), smaller fees

This is the choice we are faced with.

Right now it is looking like:  small number of transactions (3 transactions per second) and very larger fees, as you point out.