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A penny isn't really a fair comparison: - many countries have eliminated pennies - mining will have to continue even after "coins" aren't produced, to verify t
by alanctgardner2 14y ago
A penny isn't really a fair comparison:
- many countries have eliminated pennies
- mining will have to continue even after "coins" aren't produced, to verify transactions.
It's more apt to measure power per transaction, against a traditional bank (or a handful of cash, amortized over it's life.) There was a good explain xkcd about the cost of carrying around physical money in your car.
- wwwtyro 14y ago> mining will have to continue even after "coins" aren't produced, to verify transactions. That doesn't sound right - do you have a reference for that?