On Sun, Oct 5, 2014 at 4:54 PM, Jorge Timón <jti...@blockstream.io> wrote: > In any case, it is interesting to think about this things since mining > subsidies will eventually disappear and then transaction fees will > ALWAYS be higher than subsidies.
You can imagine that instead of subsidy Bitcoin came with a initial set of nlocktimed transactions that pay fees, one block at a time, for each block from the start until the subsidy goes away. Perhaps that mental model might make it clear why some people think that the nlocked transactions and the block size being lower than the instant offered demand (there is always a backlog) are both things which address the concern of this thread. :) ------------------------------------------------------------------------------ Slashdot TV. Videos for Nerds. Stuff that Matters. http://pubads.g.doubleclick.net/gampad/clk?id=160591471&iu=/4140/ostg.clktrk _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
