Post
Topic
Board Beginners & Help
Re: Known Problems with Bitcoin
by
dwdoc
on 07/12/2013, 05:24:17 UTC
When most bitcoins have been mined it will eventually become impractical to generate high enough transaction fees to incentivise the hashing that maintains network integrity and prevents a 51% attack.  

Yikes, I haven't heard this before. Has anyone done the math behind this? is it 100% certain? I will do the math myself if not.

http://bitcoin.stackexchange.com/questions/876/how-much-will-transaction-fees-eventually-be

This is perhaps the biggest flaw in Bitcoin at the moment: once mining rewards end there is no direct linkage between the amount of hashpower needed to secure the network and the incentive to mine.