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The biggest advantage over bitcoin is that this is truly p2p. Bitcoin isn’t p2p in the sense that transactions require third parties (miners). You can only tra
by alexmingoia 6y ago
The biggest advantage over bitcoin is that this is truly p2p. Bitcoin isn’t p2p in the sense that transactions require third parties (miners).
You can only transact as long as miners choose to mine. If miners stop mining for any reason bitcoin is unusable. There’s also no risk of 51% attacks and hard forks.
You could also run offset off the Internet on local networks.
- jkhdigital 6y ago> If miners stop mining for any reason bitcoins are worthless That's like saying "if your heart stops beating for any reason you're dead". True, but meaningless. Miners mine while bitcoins have value, and bitcoins have value while miners mine. In fact bitcoins had zero value when they were first created, and yet someone still mined them.
- deleted 6y ago[deleted]