Topic: 1BR: Should the block reward be 50 BTC for ages? - page 4. (Read 6005 times)
Haven't seen this poll. Thx for the link.
We'll change the algo in the bitcoin client. When the time for 25 BTC reward comes we'll see which part of the network becomes the winner.
And who do you suppose, other than some miners who are ignorant of the term "economic majority", would use this modified client?
I don't think it was a necessary feature to make Bitcoin a successful currency. I think a fixed and guaranteed rate of production will accomplish the goal. But for people who have not spent time studying economics and are just tired of having their currency constantly hyperinflated, it's an excellent selling point. Notice it is one of the first thing any news story mentions. People instinctively know why it is a valuable feature.
But regardless of your opinion it won't be changing. Your best option is to support or create an alt chain without the hard cap.
But regardless of your opinion it won't be changing. Your best option is to support or create an alt chain without the hard cap.
The block reward halving is irrelevant since its a state of perfect competition.
If the miners can't make $, they will stop mining, difficulty will decrease until whoever is left will make just enough $ to continue mining. If we left the block reward at 50, the number of miners would increase until they make just enough $ to continue mining.
If the miners can't make $, they will stop mining, difficulty will decrease until whoever is left will make just enough $ to continue mining. If we left the block reward at 50, the number of miners would increase until they make just enough $ to continue mining.
If you don't like Bitcoin's inflation algorithm you can always start using one of the other cryptocurrencies which have different policies.
I like it. But I don't think that we MUST follow the plan for 100%. I doubt that Satoshi was so genius.
BTC21 million isnt cool. You know whats cool? BTC21 billion
If you don't like Bitcoin's inflation algorithm you can always start using one of the other cryptocurrencies which have different policies.
I like it. But I don't think that we MUST follow the plan for 100%. I doubt that Satoshi was so genius.
If you don't like Bitcoin's inflation algorithm you can always start using one of the other cryptocurrencies which have different policies.
lol, good luck 
I don't know why Satoshi decided to limit total qty of bitcoins to 21'000'000 coins. I suspect he made it to tempt early adopters with possibility to become very rich ppl. Now Bitcoin doesn't need such a trick and WE could change the plan. Bitcoin network exists due to hard work of miners and I dislike the idea to halve their reward in the nearest future. Of coz a lot of ppl will be against keeping the reward unchanged. But if these ppl r NOT miners then miners don't need to pay much attention to them. Miners r those who rule Bitcoin.
I suggest other plan. We'll know how many ppl support the idea to keep 50 BTC forever. We'll change the algo in the bitcoin client. When the time for 25 BTC reward comes we'll see which part of the network becomes the winner.
It's time for 1st Bitcoin Revolution...
I suggest other plan. We'll know how many ppl support the idea to keep 50 BTC forever. We'll change the algo in the bitcoin client. When the time for 25 BTC reward comes we'll see which part of the network becomes the winner.
It's time for 1st Bitcoin Revolution...
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