On Sat, Nov 03, 2012 at 10:09:08PM +0100, Changaco wrote: > > People would not have to burn CPU cycles in order to trade files in > > danimoth's proposal. Only the transaction-verification-servers (also > > called "miners" in Bitcoin) need to do any proof-of-work (in order to > > deter rewind attack). Normal users who want to send or receive Bitcoin > > do not need to do any proof-of-work. > > Before being able to send Bitcoins one must receive some. How would a > new user get Bitcoins ?
How does a new user get money? He performs work of utility to others, and receives a number of tokens signifying of their debt to him, measured in units of accouting that are fungible. For some strange reason, most people focus on the distributed mint aspect, and expect to receive abundant monetary compensation for running a node of that distributed mint, and upon learning that's not the case *then* complain that it's not egalitarian. _______________________________________________ p2p-hackers mailing list [email protected] http://lists.zooko.com/mailman/listinfo/p2p-hackers
