/biz/ - Business & Finance

>>55937169
What color are you?

>>55937169
This is my ultimate concern too with btc. No one can ever answer this , they just call you dumb (even tho my first btc buy was 3 digit)

>the miners will get txn fees!!
Look at how much txn fees give miners right now, barely shit. Compared to mining rewards. Unless fees significantly skyrocket pike 100x, there would be no incentive to mine.
The only solution i can think ot is some layer 2/3 that processes tons and tons of cheaper transctions, but when consolidated every 10 mins would result in a massive fee block. Doesnt seem likely unless there is true mass adoption

>>55937177
Probably an africano :)

>>55937169
When the date approaches, miners will threaten to walk away and the network will agree on a new, inflationary, standard, and history will repeat itself.

Still bullish for BTC until then.

>>55937293
supposedly it should go fine because:
- coinbase rewards get lower and thus fees will be higher than coinbase rewards
- if it's unprofitable then miners will leave and difficulty will decrease
- lower difficulty will create opportunity and miners will start again

it's supposed to balance between difficulty, global hashrate and price

I understand that everything is tied to fiat currency but you have to look at it with a "staoshi prism", i mean counting value in satoshi instead of dollars

BUT it all works only if price keeps going up (because you can't decouple bitcoin from electricity prices in fiat currency) with time which isn't certain
I would be more comfortable with a tail emission but anyway