Quote from: NILIcoin on November 05, 2014, 01:17:04 PM

Quote from: ohad on November 04, 2014, 08:29:54 PM

Quote from: HunterMinerCrafter on November 04, 2014, 08:16:29 PM

Quote from: NILIcoin on November 04, 2014, 06:51:43 PM

If I may, I just dont get why do you think that the coin will not have a general use

Of course I do think it will! I was just pointing out that where most coins treat this as a primary design goal, zennet treats this more as just a secondary concern and doesn't sacrifice other goals for it, which *might* end up making it less suitable for such purposes, for the reasons Ohad pointed out.

Note the following fact: assume we're using regular POW based blockchain. since we use rapid payments for small amounts, we can use short block time (say 1min), which will of course increase the probability of the risk of double spending, but the expectation of the risk is low since we talk about small amounts. hence, buying a car with zencoins might not be as safe as people regular to.

it's one point where taking care of the certain use might make the coin inadequate for other uses.

say the coin is working just like Bitcoin, just with short block time, and an attacker could tamper the network for one hour. the loss for home pc will be no more than a few dollars worth, if not less than one dollar. This is an extreme case, of course, and might be even too extremely simplified to be possible.

Using micro payment actually increase security in means of payment. Yha each payment can be tempered more easily but if I use that technology you develop with the internet of things in the future' or just my car's computer in the present, my car manufacturer release the car computer capability in increments as the payment process progress. Once the entire sum has been transferred the key in you hand get the activation code and you may drive away. To secure the process of payments it can be spread on a longer period of time and in smaller increments which is not a problem for large purchases. You can even let the person take the car and deactivate the key if he never ended up paying...... Hey I may just crafted my idea for the future TOYOTA Coin

The Micropayments protocol is of course not Zennet's invention, but taken from here.