Vic on Nostr: When the subsidy ends, mining still continues. Even without transaction fees, or even ...
When the subsidy ends, mining still continues.
Even without transaction fees, or even transactions, there is incentive for mining to continue. Satoshi's million coins is Satoshi's alone and will not be claimed by the system. In the code, the subsidy gradually drops to zero and then there is no more new coins generated. Existing coins would still be spent and block production would continue.
For the supply to increase you'd need an economic majority to indicate support, then apply a hard fork, and hope for the best. I very much doubt this would be achieved. Game theory alone makes it improbable and a success on it would be indicative that future inflation would happen over and over negating a key reason to use it.
Even without transaction fees, or even transactions, there is incentive for mining to continue. Satoshi's million coins is Satoshi's alone and will not be claimed by the system. In the code, the subsidy gradually drops to zero and then there is no more new coins generated. Existing coins would still be spent and block production would continue.
For the supply to increase you'd need an economic majority to indicate support, then apply a hard fork, and hope for the best. I very much doubt this would be achieved. Game theory alone makes it improbable and a success on it would be indicative that future inflation would happen over and over negating a key reason to use it.