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Gold only has to be mined once, bitcoin has to be mined every time it changes hands.
by cookingrobot 9y ago
Gold only has to be mined once, bitcoin has to be mined every time it changes hands.
- pc2g4d 9y agoI don't think that's strictly true. When the last bitcoin is issued, "mining" per se will cease. But "miners" will still be rewarded by transaction fees.
- chuckkir 9y agoA distinction without a difference.
- VMG 9y agoYou can send an arbitrary about of Bitcoin in an on-chain transaction. Payment channels also allow you to send Bitcoin off-chain.