What’s going to happen when the emission is complete?

General discussion of CryptoNote based currencies and issues.

What’s going to happen when the emission is complete?

Postby a_chester » Fri Sep 05, 2014 8:53 am

What’s going to happen when the emission is complete? Will transaction fees be enough to motivate miners? What would be the way to handle inflation?
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Re: What’s going to happen when the emission is complete?

Postby Werner_Albert » Mon Sep 08, 2014 9:17 pm

When the block reward decreases dramatically, the transaction fees would constitute the miner's reward. Moreover, there will be a point in time when the impact of the latter would outweigh the decreasing block reward. This is basically a smooth process which would not happen overnight.

As there won't be any new coins emitted, we are likely to see deflation instead of inflation. It's rather difficult to predict its impact, but as far as I know it is not considered to be a significant problem for the economy.
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