Post
Topic
Board Beginners & Help
Re: Altcoin suggestion: Royen Credits [criticism needed]
by
PrinceBitcoin
on 24/02/2012, 05:14:17 UTC
Without mining what prevents double spends.

I won't address the lunacy of the other points.  For the sake of argument lets pretend they work, are wonderful, and are necessary for human evolution.

No mining = no consensus.  No consensus = no ability to ensure coins haven't be spend not just 2x but infinite number of times.

What are double spends and how do they occur?