Hi, thanks for the replies.
> Anyway, yes, your idea is fundamentally broken because a zero block reward
> happens because creating even one more satoshi will push the amount of
> bitcoin over 21,000,, breaking the meaning of "bitcoin," or, if you
> like, creating a fundamental contradiction
Hi, noob question here: Is there a long-term plan for if the block reward drops
too low to ensure the security of the network?
IIUC miners only make profit from block rewards and transaction fees, and once
the block reward drop to zero we're merely hoping that transaction fees will
keep mining
> To change the supply is far too big a change.
It would also be a big change if bitcoin became unusable due to mining profits
dropping low enough for a state actor with a warehouse full of asics to mount a
51% attack and mine empty blocks all day.
> What happens if I own a few million Bitcoin
> Fortunately in our case, only the top 4,000,000 weight worth of transactions
> gets in a block. Every bitcoin spender has an incentive to spend as little
> as possible to get into this top 4,000,000 weight and no more, but they still
> have to outbid every other user who wants the same security.
