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Title: bitcoin question from NEWbie. Post by: rness024 on December 28, 2012, 08:31:30 PM Just learned about bitcoin a few days ago. Finding if pretty fascinating so far.
I read that the miners validate all of the transactions happening in the world of bitcoin. My question is... who will verify the transactions when all the bitcoins are mined? Title: Re: bitcoin question from NEWbie. Post by: mjc on December 28, 2012, 09:01:11 PM The miners also collect the transaction fees. Once there is no more block reward, then the transaction fees will be the payment.
Title: Re: bitcoin question from NEWbie. Post by: lassdas on December 28, 2012, 09:04:48 PM Same people as today, miners.
Even when all bitcoins are mined we still need people to create new blocks to store transactions. It's just that they don't get any newly created coins as a reward, they'll get the transaction-fees instead. Title: Re: bitcoin question from NEWbie. Post by: rness024 on December 28, 2012, 09:16:56 PM Thanks!
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