What happens to the BTC network once mining stops becoming profitable? Will transaction costs be enough, considering people tend to want to minimise it?
Discussion
That’s the idea… eventually
How can I be confident this will happen and people won't just abandon it?
We should be dead by then so it won’t matter.
So this would be post 2140? But what about my descendants? How will the use sound money?
Well if assume that ngu keeps up & adoption accelerates it should in theory work its self out…
Self-adjustment you mean? e.g. if adoption is high enough, then enough transactions will be in BTC that if some miners quit then profitability goes up? So someone else takes their place and sweeps up the transaction fees?