4 ms·
The whitepaper lays out the current predicament quite well. > The incentive can also be funded with transaction fees. If the output value of a transaction is l
by sillysaurus3 9y ago
The whitepaper lays out the current predicament quite well.
> The incentive can also be funded with transaction fees. If the output value of a transaction is
less than its input value, the difference is a transaction fee that is added to the incentive value of
the block containing the transaction. Once a predetermined number of coins have entered
circulation, the incentive can transition entirely to transaction fees and be completely inflation
free.
I think most people who read the paper focus on the early parts, rather than gaming out the implications of the later parts.