Topic: 51% problem still existant after all coins have been mined ? - page 3. (Read 2415 times)
What can be done about that?
What I fear is a strategic attack by cartels with tons of hashing power.
Since this will be in more than 50 years, many events can happen to make Bitcoin secure even though there are no block rewards to incencitive miners.
Bitcoin could become widespread enough for mining to be sustainable with transaction feess, or perhaps in 40 years it will switch to PoS v.24 or something like this
Bitcoin could become widespread enough for mining to be sustainable with transaction feess, or perhaps in 40 years it will switch to PoS v.24 or something like this
There are many other CryptoCurrencies that will finish coin generation soon.... How will they be able to work then if they are that vulnerable ?
All altcoins I know which have finished coin generation use PoS, so no mining is needed.
Is not needed means not possible anymore ?
Because if it´s possible a 51% attack would still be possible.
Actually no, it's impossible to mine a PoS coin.
Blocks are generated by coin-age consumption.
Since this will be in more than 50 years, many events can happen to make Bitcoin secure even though there are no block rewards to incencitive miners.
Bitcoin could become widespread enough for mining to be sustainable with transaction feess, or perhaps in 40 years it will switch to PoS v.24 or something like this
Bitcoin could become widespread enough for mining to be sustainable with transaction feess, or perhaps in 40 years it will switch to PoS v.24 or something like this
There are many other CryptoCurrencies that will finish coin generation soon.... How will they be able to work then if they are that vulnerable ?
All altcoins I know which have finished coin generation use PoS, so no mining is needed.
Is not needed means not possible anymore ?
Because if it´s possible a 51% attack would still be possible.
This is just not a real problem. And no mining doesnt go on forever, they will get paid to process transactions.
Since this will be in more than 50 years, many events can happen to make Bitcoin secure even though there are no block rewards to incencitive miners.
Bitcoin could become widespread enough for mining to be sustainable with transaction feess, or perhaps in 40 years it will switch to PoS v.24 or something like this
Bitcoin could become widespread enough for mining to be sustainable with transaction feess, or perhaps in 40 years it will switch to PoS v.24 or something like this
There are many other CryptoCurrencies that will finish coin generation soon.... How will they be able to work then if they are that vulnerable ?
All altcoins I know which have finished coin generation use PoS, so no mining is needed.
Since this will be in more than 50 years, many events can happen to make Bitcoin secure even though there are no block rewards to incencitive miners.
Bitcoin could become widespread enough for mining to be sustainable with transaction feess, or perhaps in 40 years it will switch to PoS v.24 or something like this
Bitcoin could become widespread enough for mining to be sustainable with transaction feess, or perhaps in 40 years it will switch to PoS v.24 or something like this
There are many other CryptoCurrencies that will finish coin generation soon.... How will they be able to work then if they are that vulnerable ?
But if the majority will stop mining and miner hardware will get very cheap it should be extremely easy to get control over 51% mining power then ?
Since this will be in more than 50 years, many events can happen to make Bitcoin secure even though there are no block rewards to incencitive miners.
Bitcoin could become widespread enough for mining to be sustainable with transaction feess, or perhaps in 40 years it will switch to PoS v.24 or something like this
Bitcoin could become widespread enough for mining to be sustainable with transaction feess, or perhaps in 40 years it will switch to PoS v.24 or something like this
Someday all Bitcoins will have been mined.
Is mining then still necessary ?
And is the 51% problem still in existance ?
Is mining then still necessary ?
And is the 51% problem still in existance ?
The network will need hash power to verify transactions. Won't exactly be mining because there is no more bitcoin to dig, but not different in practice.
51% stuff is related to hash power controlled by a single organization, since many miners may drop in this stage, will be more serious than any time before.
Yes because mining will continue but I think it will be much more likely of a 51% attack due to many miners dropping out of the network.
Ah. Okay... ?? 
What in case all coins have been premined, as it can be seen with some AltCoins ?
What in case all coins have been premined, as it can be seen with some AltCoins ?
No new blocks mined = no transactions confirmed. Without mining the network dies.
Of cause!
Minging will never end and the last Bitcoin will never be mined!
Minging will never end and the last Bitcoin will never be mined!
Ofc there will be a time when the last bitcoin has been mined, from that day on only transactions fees will be the reward for mining.
Ah. Okay... ??
What in case all coins have been premined, as it can be seen with some AltCoins ?
What in case all coins have been premined, as it can be seen with some AltCoins ?
Of cause!
Minging will never end and the last Bitcoin will never be mined!
Minging will never end and the last Bitcoin will never be mined!
Someday all Bitcoins will have been mined.
Is mining then still necessary ?
And is the 51% problem still in existance ?
Is mining then still necessary ?
And is the 51% problem still in existance ?
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