How will the value be affected when mining is over?
this post was submitted on 10 Jul 2023
15 points (94.1% liked)
cryptocurrency
2750 readers
8 users here now
The largest cryptocurrency community on the Fediverse!
Lemmy community dedicated to cryptocurrency news, technicals, education, memes and so more!
💬 Chat on Community Improvements and Development
Community Knowledge Base:
Be nice, have fun.
Community rules:
- No Spam
- No ads
- No aggressive coin promotion or attacks on others
- No ICOs / IEOs / STOs / token (pre)sales / scam schemes promotion
- No trading/buying crypto discussions
- No promotion of trading groups, courses, signal groups, or other trade groups
- No pumping and shilling
- No casinos, giveaways, faucets, begging
- No price speculation posts
- No trolling
General lemmy.ml instance rules applicable here too.
Ugly brother of this community: bωockchain
For a community devoted to cryptography itself, visit c/cryptography
founded 5 years ago
MODERATORS
It's anyone's guess. The hanging question to me had been where the horsepower to even maintain the ledger comes from when it's all mined.
I think transaction fees will be the driving factor (if so, fees will likely increase)
You are correct on the initial model, and I wasn't really clear.
I think there's been a proliferation of the ledger beyond what the original design spec accounted for (exchanges) and it's going to require an amount of horsepower to move currency at an escalating level, while also scalping more on the moves of that currency.
It's easy to imagine a universe it's the large holders financing the machines to avoid total collapse and propping up the ledger. What's not is how parity comes to pass.
Hard to tell, the case with eth went pos and etc remained pow showed that miners are not so powerful as many suggested.
Cool
view more: next ›