Bitcoin mining reward halved

[johnl at iecc.com (John Levine)]

At about 16:46 UTC block 420001 showed up on the Bitcoin blockchain,
so the mining reward per block dropped from 25 to 12.5 btc.

Depending on whom you believe, nothing will change, or most of the
miners will go offline, or something else.  My blockchain client saw
420002 was over 25 minutes after 420001 ago, and over 10,000 waiting
transactions, so perhaps the second theory is correct.

Anyone here tracking bitcoin P2P traffic?

R's,
John