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From: Jouk
Registered User
04:44 12/12/2017
Viewed: 11 times

Location: X is of Evil
Subject: All fine and well, but ... - [Edit Post]          0   0

A) you can mine without anyone doing any BTC transactions (like in the very beginning)
and
B) you can do transactions after all BTC has been mined (then it's just verifying them).


The problem currently is that transactions take way too long and cost way too much (though you can find the "sweet spot" for how many Satoshi's you have to pay).

Pay too little and it will never go through, pay too much it's just a waste.


One reason why BTC will never be a "real", shopping, currency is the time it takes to transfer money; nobody wants to stand around a shop register for 20 minutes, waiting for 6 confimations... :D
mail me at: steamusername (<- left image) at gmail dot com


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