What I haven't spotted anywhere is a discussion on what happens when all the bitcoins have been mined. Instead of getting something that they might, possibly, be able to sell for $$$s and a transaction fee, miners will just get the transaction fee.
So.. are they going to shrug their collective shoulders at their income falling off a cliff and keep going despite the electricity and hardware costs? A big chunk of them stop mining, leaving it vastly easier for anyone staying to own 51% of the mining? Make transaction fees go through the roof?
None of them seems good for bitcoin, but then I thought it was overrated when it got to $1.
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Date: 2019-07-17 10:44 am (UTC)What I haven't spotted anywhere is a discussion on what happens when all the bitcoins have been mined. Instead of getting something that they might, possibly, be able to sell for $$$s and a transaction fee, miners will just get the transaction fee.
So.. are they going to shrug their collective shoulders at their income falling off a cliff and keep going despite the electricity and hardware costs? A big chunk of them stop mining, leaving it vastly easier for anyone staying to own 51% of the mining? Make transaction fees go through the roof?
None of them seems good for bitcoin, but then I thought it was overrated when it got to $1.