Ok, Now I know this might not be our problem, because we would be feeding the worms, when this happens, but I thought I'd just ask.
If everything goes, as planned with the Bitcoin protocal and difficulty etc...And the last
BTC is mined in 2140, will mining still continue?
Currently miners do it, to get the Bitcoins as reward, for solving the blocks. And for the miners fee as a bonus. So in effect, even if you set no fee, your
transaction will still be processed, because the Bitcoins is still an incentive, for you to solve the block.
In theory, after 2140 there will be no more Bitcoins released as a reward, and the fee will be the only incentive to mine.
Will the fee be increased, when the Bitcoins reward fall away? And if so, will it still then be viable for a merchant or a individual to use the currency, if it has higher fees, than other alternative payment methods?
