Post
Topic
Board Bitcoin Discussion
Re: Who would validate transactions if all miners shut down?
by
MrJoshua
on 06/03/2014, 22:38:01 UTC
Please, spare me, dont give me answers like "it will never happen"  Smiley

This is like asking who would use the internet if all the computers where off.   It's a nonsensical question.  If all miners shut down, there is no bitcoin network to send transactions on, and no one to receive the transition.

If you mean just me and my buddy who is receiving the transaction are the only two nodes on the network then those will also be the only two nodes mining, and you've just undone your all miners are shut down premise.