Quote from: iamnotback on April 10, 2017, 07:47:08 PM

Quote from: vlight on April 10, 2017, 07:44:29 PM

Quote from: iamnotback on April 10, 2017, 07:37:20 PM

Quote from: vlight on April 10, 2017, 07:35:56 PM

Will BitNet have transaction fees?

Yes. Burned fees that is. Perpetual deflation.

Fee-less designs are fundamentally flawed. But PoW is fundamentally incompatible with scaling and fees.

Ah, so you don't think that XRB or IOTA can survive too? I really like the idea of no tx fees and hopefully it will work in practice.

IOTA has a fee. Each transaction must be submitted along with PoW. The PoW is the fee and it is burned.

My doubts about IOTA are its Monte Carlo consensus algorithm because I don't see how it is self-enforcing decentralized. I am waiting for them to remove the centralized servers so I can see if it blows up.

RaiBlocks is complete nonsense. @monsterer and I critiqued year or more ago.

Please let's not start an altcoin discussion here.

I am sort of regretting ever getting involved with LTC, but I'm already in so I will ride it out for the time being.

I mentioned my BitNet only because I am pissed off with what is going on with PoW, Bitcoin, Litecoin, etc.. I really shouldn't be here talking. Like to sell my LTC and go back to coding. But I guess I'll hold my LTC for time being. Very nerve wracking. I am wasting too much time posting on forum.

Your opinion is much appreciated. Thank you.

Looking forward for BitNet. I'm sure it will be a success Wink