Bitcoin Forum
May 06, 2024, 12:14:59 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Delay BlockReward=0 Forever  (Read 1932 times)
crazyates
Legendary
*
Offline Offline

Activity: 952
Merit: 1000



View Profile
December 19, 2012, 06:36:05 AM
 #21

WTF is this shit? Why is this an issue? You're really arguing about a hard fork for a few millionths of a BTC? Trivial much?!

By the time we get to mining fractions of a BTC per block, TX fees will more than likely offer enough incentive for miners to keep hashing.

Tips? 1crazy8pMqgwJ7tX7ZPZmyPwFbc6xZKM9
Previous Trade History - Sale Thread
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714997699
Hero Member
*
Offline Offline

Posts: 1714997699

View Profile Personal Message (Offline)

Ignore
1714997699
Reply with quote  #2

1714997699
Report to moderator
1714997699
Hero Member
*
Offline Offline

Posts: 1714997699

View Profile Personal Message (Offline)

Ignore
1714997699
Reply with quote  #2

1714997699
Report to moderator
1714997699
Hero Member
*
Offline Offline

Posts: 1714997699

View Profile Personal Message (Offline)

Ignore
1714997699
Reply with quote  #2

1714997699
Report to moderator
AsymmetricInformation (OP)
Member
**
Offline Offline

Activity: 115
Merit: 10


View Profile WWW
December 21, 2012, 12:48:45 AM
 #22

WTF is this shit? Why is this an issue? You're really arguing about a hard fork for a few millionths of a BTC? Trivial much?!

By the time we get to mining fractions of a BTC per block, TX fees will more than likely offer enough incentive for miners to keep hashing.

I already answered this question but the short review is that, if it were the case that optimistically high BTC value made it so that .5 satoshi was indeed a mining incentive, by definition it would also be the case that transaction fees tolerable by users would be orders of magnitude beneath 1 satoshi. Ie insufficient mining incentive would only be a problem if it became a problem.

Currently the block reward and transaction fees stabilize each other.

Thanks again Moon, kjj, and retep.

Support Decentralized Bitcoin Prediction Markets: 1M5tVTtynuqiS7Goq8hbh5UBcxLaa5XQb8
https://github.com/psztorc/Truthcoin
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!