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Author Topic: Doing magazine interview, question for after all coins are released  (Read 632 times)
HideousBeastManGuy
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July 19, 2011, 11:10:54 PM
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What's the incentive to keep supplying processing power to validate transactions?
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Sukrim
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July 19, 2011, 11:22:39 PM
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Transaction fees.

Please read the FAQs the next time! Wink

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

https://www.coinlend.org <-- automated lending at various exchanges. No fees(!).
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
HideousBeastManGuy
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July 19, 2011, 11:23:55 PM
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My Googles were not as powerful as the FAQs.  Thank you!
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July 19, 2011, 11:27:10 PM
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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.

Bears.  Beets.  Battlestar Galactica.  Bitcoin.
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