Post
Topic
Board Bitcoin Discussion
Topic OP
What happens when bitcoin mining is obsolete (who will verify the transactions?)
by
bitcoinsrus
on 06/04/2014, 16:04:12 UTC
Bitcoin mining verifies transactions on the block chain.  Eventually people might stop doing this once the mining reward becomes too small or once mining is over 100+ years from now.
Would advanced mining (quantum) solve this making only a few miners necessary to verify transactions?

What are your thoughts?