Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread
by
xenmaster
on 30/10/2014, 17:44:29 UTC
I don't quite understand the need for the token. Why not just sell shares that generate a percentage of the network profit to the initial investors and have the network power purchasable in BTC (or any coin for that matter)?

Because there are no future profits.
The payment on Zennet is directly between the provider and the publisher (bidder).
No middleman at all. No fees. We (nor others) don't make a dime after the Genesis block is out.
In addition, using existing coins is impossible due to technichal reasons (also discussed on this thread).

I'm not that bright these days so can you link me the post that explains why a renter cannot purchase with a btc address and when confirmed the contract is provided and when fulfilled the address that was paid then pays the recipients and also the share holders?

The main reason that BTC is inadequate is that the Micropayments protocol might require an initial time of  even 30-60 mins until the computational job will begin. This is of course unacceptable (even 5mins aren't).