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Transisto (OP)
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July 18, 2011, 07:08:30 PM
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Can someone point me to a relevant discussion about the future of the blockchain when mining a block pays as low as 1.5625 BTC

Given that the current model of transaction processing doesn't scale very well, will the transaction fees be there to support a safe network ?

Where are we at with these problems ?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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July 18, 2011, 07:24:12 PM
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There's been discussion, for example http://forum.bitcoin.org/index.php?topic=6284.

My current stance is that using proof-of-stake as an extra safety net will allow making do with less mining, the cost of which is supportable by tx fees.
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July 18, 2011, 07:25:56 PM
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Thanks
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