Post
Topic
Board Bitcoin Discussion
Re: Bitcoin system collapses in the near future
by
DannyHamilton
on 07/06/2017, 05:43:36 UTC
As block reward decreases, miners will be dependent on transaction fees to suffice for their electricity costs. By then, if the price of Bitcoin isn't high enough, it will lead to a further reduction as miners abandon their business because of the lack of profit.
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Further reduction?

Further reduction in what?  Why would it matter if some miners abandon their business?