Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
Odalv
on 21/06/2015, 21:50:42 UTC


It isn't clear that having non-miners using 1 of 10,000 chains is good either. It means you can't transact with someone using one of the other 9999 chains without an intermediary.


- Usually you are not transacting with all people in the world (if you are not world wide spread corporation and you have office in all regions).

- 99% of your transaction are located in your town (quarter).

 - I think you are not interested in collecting and verifying all transaction from China or Russia, USA, EU

=> 9,997 chains are irrelevant for you. You only cares if number of bitcoins is same .. less than 21,000,000 and if chain holding your coins is valid