Post
Topic
Board Bitcoin Discussion
Re: 17,800,000 BTC already mined
by
pooya87
on 02/08/2019, 03:14:11 UTC
Anyone noticed that we have breached 17,800,000 BTC already? Which means that 85% of all BTC have been mined. And in the next 10+ years we can all assumed that 'almost' all bitcoin is mined already.

This is why I'm a small blocker. The inflation subsidy is quickly dwindling down. In just a few more halvings, it will hopefully be negligible compared to transaction fee revenue -- otherwise we might need to start worrying about major drops in hash rate, reorganization attacks, etc. Any increase to block size will lower fee revenues, so I'm definitely on the conservative side when considering them.

this is not necessarily true. because the relationship between revenue and fees is not that easily.
small blocks which means higher fees will also mean less users and stop of adoption and the result of that is falling price and finally less resulting revenue for miners.
on the other hand bigger blocks can mean more transactions in block which have a higher sum of fee instead of having individual high fees and it also means more adoption and the result of that is higher price and finally a much higher revenue for miners.
it is like having 2000 tx/block paying 1000 s/b fee while price is $1k
or having 5000 tx/block paying 1 s/b fee while price is $100k

ps. we shouldn't confuse bigger blocks with what bcash did, that was an exaggeration to create a useless crap for pump and dumping. i believe in a bigger capacity while having a second layer so that everything runs smoothly.