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RE: Why a fee market and maybe even fees will never need to exist
An interesting idea, but it assumes Bitcoin remains dominant in usage as a medium of payment. I suspect Bitcoin will become more used as a storage for wealth. More modern coins, with features more suited to a currency, and therefore less prone to extreme volatility, will become the dominant medium of exchange in the crypto currency market.
ColdMonkey mines Gridcoin through BOINC computations for science..
If bitcoin looses it's usefulness as a currency the storage of value will follow. A currency without utility has no purpose. Commodities have use in manufacture, looking good, etc. Fiat has use as a medium of payment that gives it value. Bitcoin has first mover advantage but that will fade if other coins replace it as a payment method. Without that what its it? A ledger. If a coin becomes the dominant payment method there will be more demand for it and it will become valuable and thus a store of value.
with the expected lifespan for all bitcoins to be mined, i strongly believe there is plenty of life left in it.Scaleability will hold it back, but that will be resolved eventually.