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When mining starts slowing down because it's too expensive or we hit the 21m limit, who takes up the ongoing work? I guess the benefits of contributing will mo
by richardw 16y ago
When mining starts slowing down because it's too expensive or we hit the 21m limit, who takes up the ongoing work?
I guess the benefits of contributing will move mainly towards commissions. What else?
- mike_esspe 16y agoCommission. Plus we won't hit 21m until the middle of 22th century. Probably there will be a post-scarcity (http://en.wikipedia.org/wiki/Post_scarcity http://en.wikipedia.org/wiki/Post_scarcity) by that time, so money will be only of historical interest :)
- mkramlich 16y agoI think Bitcoin's plans for the 22nd century should be revised to reflect the highly accurate predictions made by Hari Seldon using his psychohistory method. ;)