4 ms·
Yes, and at the same time blocks can totally cease being found indefinitely, until they are found again. Bitcoin would be merely reduced to a slow settlement l
by ringaroundthetx 9y ago
Yes, and at the same time blocks can totally cease being found indefinitely, until they are found again.
Bitcoin would be merely reduced to a slow settlement layer, but this can still allow a network managed supply over greater distances than someone's bottlecap or cigarette trading system.
- zaarn 9y agoExcept that the slow blocktime will eliminate any real use of Bitcoin by itself. When the time for confirmation is longer than it takes to ship a few cigs or caps over, why bother? There is no real advantage in bitcoin if you can just hand over real, physical coins which cannot be double spent once they have arrived.