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If the protocol is open, why do you need to use a certain coin to use it? Isn't that just the definition of another type of 'closed'?
by creeble 9y ago
If the protocol is open, why do you need to use a certain coin to use it? Isn't that just the definition of another type of 'closed'?
- aussie1233 9y agoIts not closed, since the data and code is out for anyone to use typically, you could even fork and create your own. What is different is the incentive to provide storage and compute for others. Over simplified, you lend your storage and compute (that's called mining) and get paid in crypto tokens in return.
- hmm_really 9y agoBecause mostly its all about the coin, there are no users, only speculators... ahhh but build it and they will come mentality rules here!