Quote from: sbfree on September 21, 2013, 05:12:20 AM

Quote from: Anenome5 on September 21, 2013, 04:52:08 AM

Quote from: demonmaestro on September 21, 2013, 04:48:00 AM

That maybe true BUT the BIG question is what will happen once all the blocks are mined?

You mean in 120 years from now? o_O

The answer is that bitcoin should've taken over world commerce then and miners fees will have long since eclipsed mining fees. At some point there's an inversion that takes place, where miners fees become bigger than the block reward on average.

I wonder when we'll see that happen for the first time.

Mining fees right now occasionally add up to one entire bitcoin. Perhaps in the year to come we'll see that figure double or triple as commerce takes off.

anenome5, that was such a good point I just had to quote this time....gets the wheels spinning a little bit in regards to long term adoption by the masses as a form of currency worldwide, especially as a form of remittances and what you just brightly pointed out....TRANSACTION FEES!!

Lol, he kind of missed that in the original post, didn't he? If you replace "miners fees" with "transaction fees", it makes perfect sense. Otherwise, not so much.