Re: Will Bitcoin EVER have a bigger blocksize? Is there hope?
So Bitcoin recommends 3 confirmations for low $ amounts, (takes 30 minutes)
in ZEIT that same 30 minutes buys you 60 Confirmations.
I would place ZEIT 60 confirmations verses btc 3 confirmations any day of the week, as more than enough security,
especially for micropayments.
in ZEIT that same 30 minutes buys you 60 Confirmations.
I would place ZEIT 60 confirmations verses btc 3 confirmations any day of the week, as more than enough security,
especially for micropayments.
That's just your opinion. Show me the numbers.
I can't find hash rate numbers for ZEIT, but given that its total market capitalization is ~ 18 bitcoins and that it uses Scrypt for POW, it's obviously incredibly easy to attack. There is no comparison.
Miners don't attack ZEIT because it's worthless. That doesn't mean it's secure.