Post
Topic
Board Development & Technical Discussion
Re: DagCoin: a cryptocurrency without blocks
by
Come-from-Beyond
on 24/09/2015, 05:02:16 UTC
Competition would atrophy hashpower on the network in order to drive up transaction speeds, which is the product that the miner provides, users enjoy, and the only method of remuneration. Mining is just a cost that the miner wants to minimize.

If miners == users then I suggest to use a digital signature algorithm which security depends on PoW tied to the transaction. Those who generate little PoW may see their coins double-spent by others.