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0 pointswmf12y ago0 comments

Decentralization is very expensive because it requires mining, so if you don't think that's important you should probably back a more efficient system like Ripple or Open-Transactions.

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gregr40112y ago

Expensive for whom, how exactly do you quantify that? Today we pay fee's to institutions which have massive infrastructure costs (along with their necessary profits). If anything, decentralization offers an incentive for the technically inclined to reap some potential rewards which is far more feasible than today's systems.

wmfOP12y ago

If you don't think decentralization is needed then Ripple is just as good as Bitcoin but it requires no mining. So the expense is the wordwide cost of all Bitcoin mining which is estimated at over $100M/year.

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gregr40112y ago

wmfOP12y ago

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