Hello!
My first post also!
Love the idea, as if just for me, found it through pure abstract thinking, have great vibe about it!
How hard is it to actually be a PoW miner for 42 coin? More importantly what would eventually happen with the number of coins? Would they reach 0.00000001 coins in total from the initial supply of 42? On a sidenote, how does one become a node?
My vote on the fee would be: a) expected growth of transactions in next year - vote stay at current
b) expected growth of transactions in 5 years - vote change to higher fee
Welcome, Ucicha. Others will advise on becoming a miner.
A little bit of answer, courtesy of Laser:
'PoW miners gather tx fees from transactions as a reward because their work is more energy intensive.'
And: 'More importantly what would eventually happen with the number of coins?'
Well, ultimately, it's about
the divisibility of each coin: a crypto's units can be divided into a very large number of sun-units. With Bitcoin, for example, it's one hundred million sub-units.
So -- as I understand it -- 42-Coin is deflationary: there is, slowly, less and less of it, which makes each unit more valuable.
But are we going to
run out of 42? No. There are a range of options; but more importantly, the problem is a century away.
