Post
Topic
Board Beginners & Help
Re: Known Problems with Bitcoin
by
Argwai96
on 07/12/2013, 05:42:23 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.
if mining makes it that far it means bitcoins took off, which means they will be worth incredible amounts of money by then.