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<blockquote data-quote="Allen" data-source="post: 434486" data-attributes="member: 389"><p>And this directly relates to one of my issues with bitcoin, or any of the blockchain stuff. At some point, those who mine bitcoin by recording the transactions will go bankrupt if they can't mine enough coins to keep the lights on. What happens when mining bitcoin is no longer profitable?</p><p></p><p>My guess is that's when they are going to implement transaction fees, so to buy a can of soda out of a bitcoin capable vending machine, it's going to cost you the bitcoin equivalent of a dollar for the soda, and then some other fee is going to get tacked on.</p><p></p><p>All paths seem to lead to this inevitability.</p></blockquote><p></p>
[QUOTE="Allen, post: 434486, member: 389"] And this directly relates to one of my issues with bitcoin, or any of the blockchain stuff. At some point, those who mine bitcoin by recording the transactions will go bankrupt if they can't mine enough coins to keep the lights on. What happens when mining bitcoin is no longer profitable? My guess is that's when they are going to implement transaction fees, so to buy a can of soda out of a bitcoin capable vending machine, it's going to cost you the bitcoin equivalent of a dollar for the soda, and then some other fee is going to get tacked on. All paths seem to lead to this inevitability. [/QUOTE]
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