Quote from: mdude77 on March 16, 2014, 12:25:32 PM

Quote from: raskul on March 16, 2014, 11:28:35 AM

I agree with you...
I'll remain with my thinking that giving the block finder a bonus is a good thing, even though I will never see that bonus personally, I think it gives extra incentive to mine.

I agree about tx fees having to be smaller. The hope is the volume of tx fees increases to keep the incentive there for miners. Of course what could happen is as the block rewards continues to halve, if transaction volume doesn't increase, the incentive to mine decreases, which should lead to a decrease in difficulty. But, as Gavin says, we don't know what's going to happen. It's an experiment.

M

an exciting experiment. I think difficulty decrease is inevitable - well, eventually; hence why I i'll be stashing away my old rig when it becomes a loss leader (not long to go now!) I see friends cutting their losses and selling their old 130nm mining equipment off, but i'm hedging my bets on this, i'll still be mining for the very last 0.00000001 transaction fee, because i'm a geek and I believe in the long term value. Eventually, the big farms will be forced to switch off and - here's my hope - their respective governments sting them a whacking great tax on the recycling of electronic goods. That'll teach them for being so greedy Undecided

one can but hope.