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If all mining stops except for you, my understanding is that you would own all the hash power and you wouldn't need to convince anyone to sell since you could w
by stanleydrew 9y ago
If all mining stops except for you, my understanding is that you would own all the hash power and you wouldn't need to convince anyone to sell since you could write any transaction you want to the blockchain.
It seems like the harder problem is convincing anyone else to pickup mining again on the other side of your "I own all the coin" transaction block.
- Retric 9y agoPeople could still validate if transactions are signed correctly as long as they can compare to the older block-chain. Further, people can download the full blockchain from you. So, unless you start over there will be transactions to addresses and you need to be able to correctly sign a transaction to your own address. PS: Think of it this way, someone mining just one block can't make an arbitrary transaction from any address to any address.