Post
Topic
Board Bitcoin Discussion
Re: What happens when bitcoin mining is obsolete (who will verify the transactions?)
by
manobra
on 06/04/2014, 17:08:27 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?

Your understanding of how bitcoin works is deeply flawed.

I suggest taking some time to learn a bit more before you start to panic about what is going to happen in the future.

Please explain us what's wrong with his question.

Thanks!