Ninjastic
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Topic
Board Bitcoin Discussion
Re: Who would validate transactions if all miners shut down?
by
MrJoshua
on 06/03/2014, 22:57:52 UTC
Quote from: Mitzplik on March 06, 2014, 10:47:10 PM
Quote from: MrJoshua on March 06, 2014, 10:38:01 PM
Quote from: Mitzplik on March 06, 2014, 07:37:14 PM
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.

Its not like you say. Many people can run bitcoin qt and still there could be no miners. So, before come and try to answer what wasn't asked, at least make more than one synaptic connexion.

Thanks for all the responses. It helped me to understand about the bitcoin network.

Oh, so what you're saying is "if I intentionally don't use bitcoin as designed who will confirm transitions?"  Also a self evident and nonsensical question. Using a non-mining client alone, does not a bitcoin network make.

Originally the client did mine on your local cpu (not gpu).  To operate bitcoin AT ALL, with only two "clients", at least one of them would have to be also mining.  Any other scenario is breaking the system on purpose. Any hypothetical questions about how an intentionally broken implementation would function is just silly.