Can XBTC have any value after the 21 mil coins have been mined?
If it has no market for fees ( no transaction limit ) there is no incentive for miners to secure the network.
Am i wrong ?
Best Regards
If it has no market for fees ( no transaction limit ) there is no incentive for miners to secure the network.
Am i wrong ?
Best Regards
Core and XT are virtually the same, other than the increased block size, and some fixes, so afaik there's no difference in mining.
Actually after the fork we are going to see interesting things as, as if I had 1 BTC before the fork I'll have 1 BTC and 1 XBTC after the fork with the same value. So, I can trade both for let's say LTC and when the war ended I'll have 2 BTC/XBTC worth LTC
. Pretty straightforward way to double my holdings for free
.
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Not exactly; if we assume that the fork actually happens, which means over 75% of the network is on XT fork, you would have to find a service/exchange that's on
original core version in order to spend core bitcoins, which i am certain operators will find a way to prevent.
It is envisioned that over time the cumulative effect of collecting transaction fees will allow somebody creating new blocks to "earn" more bitcoins than will be mined from new bitcoins created by the new block itself. This is also an incentive to keep trying to create new blocks even if the value of the newly created block from the mining activity is zero in the far future.