So, what happens when we finally reach 100% coins mined?
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Was curious, have discussions occurred to what should transpose when 100% of coins are mined for us or any coin for that matter. At that point there will be no more mining incentive and an important role of miners on the side is to validate transactions right? Would the network really just shrink to those places/individuals running the client at that point and it would still be able to maintain verification speed, etc?
-T
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We will be rolling around in our graves wondering why our great-great grandchildren are spending it all on frivolous things.
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[quote name=“travwill” post=“56035” timestamp=“1391088031”]
Was curious, have discussions occurred to what should transpose when 100% of coins are mined for us or any coin for that matter. At that point there will be no more mining incentive and an important role of miners on the side is to validate transactions right? Would the network really just shrink to those places/individuals running the client at that point and it would still be able to maintain verification speed, etc?-T
[/quote]Mining will have incentives: transaction fees. The price of coins will keep going up and the coins will spread out.
