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Title: Doing magazine interview, question for after all coins are released Post by: HideousBeastManGuy on July 19, 2011, 11:10:54 PM What's the incentive to keep supplying processing power to validate transactions?
Title: Re: Doing magazine interview, question for after all coins are released Post by: Sukrim on July 19, 2011, 11:22:39 PM Transaction fees.
Please read the FAQs the next time! ;) Edit: Directly linked on bitcoin.org... https://en.bitcoin.it/wiki/FAQ#If_no_more_coins_are_going_to_be_generated.2C_will_more_blocks_be_created.3F Title: Re: Doing magazine interview, question for after all coins are released Post by: HideousBeastManGuy on July 19, 2011, 11:23:55 PM My Googles were not as powerful as the FAQs. Thank you!
Title: Re: Doing magazine interview, question for after all coins are released Post by: BusmasterDMA on July 19, 2011, 11:27:10 PM Transaction fees. Miners validate the transactions. If you want a confirmed transaction within a reasonable amount of time, you'll have to pay a fee. The supply of miners and demand for confirmations should find a balance.
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