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If no new coins are created by mining after 12 million bitcoins as of today, what kind of impact will it have on bitcoin value. Transaction fees will still be set for confirmations.
2
If no new coins are created by mining after 12 million bitcoins as of today, what kind of impact will it have on bitcoin value. Transaction fees will still be set for confirmations.
1If everybody stopped mining right now, bitcoin would be dead. The mining process is what confirms bitcoin transactions, without it, no transactions can ever be made and validated. – us2012 – 2013-12-08T02:22:01.900
edit: if transaction fees becomes reward and new coin rewards were stopped – Seshu Bonam – 2013-12-08T07:42:59.883
In that case, you might want to look at these questions: http://bitcoin.stackexchange.com/questions/3111 , http://bitcoin.stackexchange.com/questions/876 They deal with exactly this problem.
– us2012 – 2013-12-08T14:52:30.417