Timeline for Since there is a limited number of bitcoins, will miners become obsolete? [duplicate]
Current License: CC BY-SA 3.0
13 events
| when toggle format | what | by | license | comment | |
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| Mar 16, 2016 at 10:48 | history | edited | Murch♦ |
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| Sep 9, 2013 at 12:58 | review | Reopen votes | |||
| Sep 12, 2013 at 5:32 | |||||
| Apr 17, 2013 at 7:48 | history | closed |
o0'. Nick ODell Colin Dean cdecker eMansipater |
exact duplicate | |
| Apr 12, 2013 at 18:07 | vote | accept | ThatOneGuy | ||
| Apr 12, 2013 at 17:24 | comment | added | Nick ODell | 32x lower. But yes. | |
| Apr 12, 2013 at 12:11 | comment | added | Pieter Wuille | Please post this as a comment and not as an answer. Also, difficulty and transaction rate are not related. | |
| Apr 12, 2013 at 8:28 | comment | added | user4278 | Ahh it makes more sense now thanks. Since there will be more bitcoins created in the future, there will be more users and more transactions as well. Therefore, in 20 years when the reward for mining is 10x lower then it is now, there will be many more transactions. This will reduce the difficulty significantly, allowing miners to complete more blocks and thus earning more in transaction fees. | |
| Apr 11, 2013 at 17:18 | answer | added | Loourr | timeline score: 1 | |
| Apr 11, 2013 at 16:08 | answer | added | Pieter Wuille | timeline score: 4 | |
| Apr 11, 2013 at 14:36 | review | Close votes | |||
| Apr 17, 2013 at 7:48 | |||||
| Apr 11, 2013 at 13:49 | answer | added | jgm | timeline score: 2 | |
| Apr 11, 2013 at 13:36 | review | First posts | |||
| Apr 12, 2013 at 0:51 | |||||
| Apr 11, 2013 at 13:18 | history | asked | ThatOneGuy | CC BY-SA 3.0 |