Monday, 28 January 2019

Q: What happens when the mining reward falls to near zero and fee mkt takes over?

Are there any good sources that talk about the economics of that transition over time? Just curious how that was designed to work. I assume the assumption was made that the price of BTC would be very high by then, such that the even small fees (in BTC terms) would provide plenty of compensation for miners to be profitable in fiat terms? Or am I off base?

Again, just curious as to what the economics should look like for users, miners, etc.

submitted by /u/Degoony
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