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Topic: Doing magazine interview, question for after all coins are released (Read 779 times)

HideousBeastManGuy (OP)

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Doing magazine interview, question for after all coins are released

July 19, 2011, 11:10:54 PM

What's the incentive to keep supplying processing power to validate transactions?

Sukrim

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Re: Doing magazine interview, question for after all coins are released

July 19, 2011, 11:22:39 PM

Transaction fees.

Please read the FAQs the next time! Wink

Edit: Directly linked on bitcoin.org...
https://en.bitcoin.it/wiki/FAQ#If_no_more_coins_are_going_to_be_generated.2C_will_more_blocks_be_created.3F

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.

HideousBeastManGuy (OP)

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Re: Doing magazine interview, question for after all coins are released

July 19, 2011, 11:23:55 PM

My Googles were not as powerful as the FAQs. Thank you!

BusmasterDMA

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Re: Doing magazine interview, question for after all coins are released

July 19, 2011, 11:27:10 PM

Transaction fees. Miners validate the transactions. If you want a confirmed transaction within a reasonable amount of time, you'll have to pay a fee. The supply of miners and demand for confirmations should find a balance.

Bears. Beets. Battlestar Galactica. Bitcoin.

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