Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
YarkoL
on 19/01/2016, 12:05:50 UTC
The word mining in Bitcoin mixes to issues: validation of transactions and creation of money.

Transaction validation has a very low cost associated with it compared to finding a hash; regular nodes also do transaction and block validation, and this is designed to be trivial, so I'm still not sure what you mean by making transaction validation profitable?

I think he really means securing (confirming) the transactions by getting
them in blockchain.