Topic: An excessive fee is an our future? - page 4. (Read 2124 times)
Buy your own miner to confirm your transactions
Hello, I have some fears about fufure of BTC (sorry if the same thread already exist, I haven't found it).
In future block reward will be equal to zero and it makes uspet the miners who are earning a living by minning. In an effort to continue earnings they will be increace fees of accepted transactions to block and we will have two choices: pay harder fee or wait to confirmation forever. Bitcoin is a dicentralized system but not fully because of minnig pools. Head of pools can decide for accepting the only transactions wiht big amount of fee easily.
For example (just random block):
Block: https://blockchain.info/block/000000000000000004019d60da68382b2bae8526dc57aa083073f1fd1f30e8ac
Reward: 25 BTC
Fees: 0.20759672 BTC
So minners should increase fees more then 100 times to save current earning level.
What do you think about it?
In future block reward will be equal to zero and it makes uspet the miners who are earning a living by minning. In an effort to continue earnings they will be increace fees of accepted transactions to block and we will have two choices: pay harder fee or wait to confirmation forever. Bitcoin is a dicentralized system but not fully because of minnig pools. Head of pools can decide for accepting the only transactions wiht big amount of fee easily.
For example (just random block):
Block: https://blockchain.info/block/000000000000000004019d60da68382b2bae8526dc57aa083073f1fd1f30e8ac
Reward: 25 BTC
Fees: 0.20759672 BTC
So minners should increase fees more then 100 times to save current earning level.
What do you think about it?
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