> One option for a hypothetical digital currency is to stagger payments so a miner gets say 1/2 of their reward in 10 years.
Who pays for the electricity costs till then?
I dont think you understand the meaning of the word scam, the miners are not cheating anyone with some false promise nor are they getting commissions if they bring other people under their fold like a pyramid scheme
The incentives are needed for miners to start mining in the first place, if you dont like it you are free to start your own currency.
Who pays for the electricity costs till then?
I dont think you understand the meaning of the word scam, the miners are not cheating anyone with some false promise nor are they getting commissions if they bring other people under their fold like a pyramid scheme
The incentives are needed for miners to start mining in the first place, if you dont like it you are free to start your own currency.