Post
Topic
Board Economics
Re: Within 2 years, effectively 85% of all bitcoins are mined!
by
zimmah
on 20/09/2014, 15:30:50 UTC
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.

Bitcoin will become more and more a store of value. Why is that considered to be a failure, when this is by design?

Because, if there are not enough transactions, the miners will stop mining, and the network becomes less secure, and more likely to be controlled by a single malicious person.