Blockchain
By Dan Saada
1 / 12
Digibyte (DGB) More than Enough Transactions
2 / 12
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?
3 / 12
In response someone recommended that he read, the Satoshi explanation of the Bitcoin economic model.
4 / 12
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.
5 / 12
However, some of the others felt, It's bad.
6 / 12
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…
7 / 12
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?
8 / 12
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.
9 / 12
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.
10 / 12
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…
11 / 12
Jared Tate responded stating, “Great question. 1st the blockchain continues. Miners earn tx fees as an incentive to mine w/ no block reward.
12 / 12
Pessimists feel, DigiByte averages 1.5 transactions per block. After 7 years, the economic incentive isn't there without block rewards.
The Currency Analytics
Want the full story?