Post
Topic
Board Economics
Re: Within 2 years, effectively 85% of all bitcoins are mined!
by
zimmah
on 20/09/2014, 03:32:11 UTC
Sometimes I wonder what will happen when all the bitcoins will be mined,like the king of coins will be gone from mining.How will it effect the crypto world then?

Miners will be competing for transaction fees...
I think this could potentially negatively affect the security of the network if not enough people are using bitcon by this time. If TX fees are not high enough then miners will likely not make enough to justify continuing to mine


seriously, if bitcoin is not massively used (like thousands of transactions per second) by the time block rewards become really small, it can pretty much be considered a failure.

We still have a couple of years to go, even if bitcoin increases in value relatively slowly. Which is pretty unlikely to happen for long periods of time.