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Author Topic: Doing magazine interview, question for after all coins are released  (Read 576 times)
HideousBeastManGuy
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July 19, 2011, 11:10:54 PM
 #1

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
 #2

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

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HideousBeastManGuy
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July 19, 2011, 11:23:55 PM
 #3

My Googles were not as powerful as the FAQs.  Thank you!
BusmasterDMA
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July 19, 2011, 11:27:10 PM
 #4

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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