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The idea was to bootstrap a community of blockchain processors (miners) into existence. Once all the coins are gone, the transaction fees will remain.
by ISL 4y ago
The idea was to bootstrap a community of blockchain processors (miners) into existence.
Once all the coins are gone, the transaction fees will remain.
- hackeraccount 4y agoAh - I'd forgotten about transaction fees.
- benj111 4y agoA comment above refers to this happening before and transaction fees rising to tempt back miners. This suggests that transaction fees are being subsidised at the moment. So long term what are transaction fees going to look like?
- thatguy0900 4y agoEdited: Apparently I am incorrect.
- remram 4y agoTransaction fees are set freely by the individuals creating those transactions.