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" Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflati
by globuous 10y ago
" Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free" - btc whitepaper
Transaction fees will take over mined bitcoins once there is non left to mine.
- danblick 10y agoOkay but that does not solve the problem I am concerned about. That doesn't ensure a diverse mining pool. Already it doesn't make sense for me to mine Bitcoin (I don't have access to these ASICs). I think that economic forces will tend to concentrate mining power and that's a problem.