Yes it is theft. Among other forms of criminality. Bitcoin doesn't need #transaction #fees. So they're taking money out of people's pockets for nothing.
The decrease in block reward is by design. All that matters is that people have enough incentive to mine blocks today and tomorrow.
At over $250, 000 per block, every 10 minutes. I think there's plenty of incentive. But If it's not enough for your budget, let somebody else have it..😆
Trying to alter the present based on a flaky prediction of Satoshis actual design for a hundred years from now is laughable at best.
So I'll tell you how I think it's actually supposed to work. The gradual decrease in block reward is by design. To slowly wean miners off of #Bitcoins tits.
Until such time that there will be no incentive needed to mine a block other than individual need and altruism. Just like Virtuous! #fullnodes today.
Bitcoin started out as a self-contained P2P electronic cash system. That's person 2 person. Not miner to miner or middleman to middleman.
And long before the block reward ends. 100 years from now. #Bitcoin will fully return to a self-contained P2P electronic cash system exactly like Satoshi said.
Smartphones and laptops will be enormously powerful. While they're power consumption will be minimal. In its wake Bitcoin will leave an abundance of cheap renewable energy for the world to use. As well as having innovated the harvesting of stranded and wasted energy.
Sometimes you people crack me up when you presume to understand the depth of Satoshi Nakamotos genius..🧡😆