Sunday, 28 February 2016

Some Crypto Quibbles with Threadneedle Street | cryptonomics

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The market for media of exchange will gravitate towards those systems with the lowest transaction costs, and in the case of proof-of-work digital currencies, that means those protocols that forever subsidise hashing costs with the coin’s seigniorage

From Some Crypto Quibbles with Threadneedle Street | cryptonomics

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