Home Blockchain DigiByte (DGB) After Being Fully Mined in 2035 will Not Need New Mined Coins to Sustain Value

DigiByte (DGB) After Being Fully Mined in 2035 will Not Need New Mined Coins to Sustain Value

Digibyte DGB Mining

One of the Digibyte community members seemed to have a genuine question, he asked do you think DigiByte being fully mined by 2035 is a good or bad thing? I know this is probably the best decentralized currency with tech behind it, I’ve been stacking, but pros and cons of this everyone? Just trying to see the end game. 

In response someone recommended that he read, the Satoshi explanation of the Bitcoin economic model. 

The summary of the content goes like, “If you’re having trouble with the inflation issue, it’s easy to tweak it for transaction fees instead. It’s as simple as this: let the output value from any transaction be 1 cent less than the input value. Either the client software automatically writes transactions for 1 cent more than the intended payment value, or it could come out of the payee’s side. The incentive value when a node finds a proof-of-work for a block could be the total of the fees in the block.”

However, some of the others felt, It’s bad.

Further others felt that the DGB activity should explode over the next 14 years to be able to generate a good transaction fee market for miners since there will be no more block subsidy and that 14 years is not a long time.  He opined that he would rather see the block subsidy drop by 2%/mo to stretch it out.

Someone who was not impressed by the reply, commented stating, “You see the price of bitcoin in 11 years? How is 14 not a lot? Have you seen the technology advancement each year for the last 20 years? How is 14 not a long time? Put every decision you’ve made in 14 years and to do it all over, that’s not a lot? This year alone shows changes.”

Sydney Ifergan, the crypto expert tweeted:  “Digibyte (DGB) is formed to be good.   When the mining is complete, we will have more new methods by which the network will make money.  Blockchain is evolving.”

Digibyte (DGB) More than Enough Transactions

A positive note from a community member Dominic Cyr clarified, we already have monthly block reward reduction by 1%. So far, this has been offset by increasing transactions. Now in 15y, I see $DGB having more than enough transactions do not need new minted coins since transactions fees will have taken over as main rewards for miners already.

Dominic Cyr further stated, It’s a fair concern though if the user base growth stagnate. I’m fairly confident that we will keep growing as a community after all anyone who take a good look at the core of the network will see how strong it’s been and should remain for the future.

Jared Tate responded stating, “Great question. 1st the blockchain continues. Miners earn tx fees as an incentive to mine w/ no block reward. Value of $DGB being higher by then keeps economic incentives. 2nd we tested it technically in 2015. Transition worked fine to 0 reward blocks.”

Pessimists feel, DigiByte averages 1.5 transactions per block. After 7 years, the economic incentive isn’t there without block rewards. Your blockchain will die unless there’s a dramatic increase in use. Cold facts. Meanwhile development has stalled. All bad signs.  It’s good because you have to buy it from others, inflation stops and price goes up.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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