How are they going to secure their blockchain?
Bitcoin is INSANELY expensive to secure, not only do miners get paid every coin ever minted, but they get transaction fees on top of that too!
That leaves less than nothing for the country or company "issuing" the coin. In effect its not their coin at all, it is issued by random miners all over the world, not by them at all.
That is utterly insane overhead cost for anyone looking to mint a currency.
-MarkM-
Bitcoin is INSANELY expensive to secure, not only do miners get paid every coin ever minted, but they get transaction fees on top of that too!
That leaves less than nothing for the country or company "issuing" the coin. In effect its not their coin at all, it is issued by random miners all over the world, not by them at all.
That is utterly insane overhead cost for anyone looking to mint a currency.
-MarkM-
MarkM, are you a BCX clone?
