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That's incorrect. Mining will still be required it just means instead of block rewards driving miners it'll be transaction fees. Bitcoin will never not require
by rtkwe 9y ago
That's incorrect. Mining will still be required it just means instead of block rewards driving miners it'll be transaction fees. Bitcoin will never not require miners because they provide the entire validation/verification process for transactions.
- jobigoud 9y agoI think the confusion is because the mining analogy makes people think miners mine Bitcoins, when they actually mine blocks.