3 ms·
In which case it would stop transacting and the value would be zero.
by ProjectArcturis 4y ago
In which case it would stop transacting and the value would be zero.
- archontes 4y agoCorrect. In the case that it stops transacting, the value of bitcoin as a system would be zero. In the case where the costs are larger than the value produced, but are not paid by the bitcoin system (external, you might say), then it would still have net negative value, but continue to operate.
- astrange 4y agoThe value wouldn't be zero, the transaction rate would head to zero. The value would be stuck at whatever it last traded at, so it'd become very volatile.